New Video Shows Memphis Police Fatally Beating, Tasing, Pepper-Spraying Tyre Nichols


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The Memphis Police Department released video tonight of the deadly encounter between Tyre Nichols and police officers earlier this month that ultimately resulted in the death of the 29-year-old Nichols.

The four videos released tonight include body camera footage from three of the officers as well as a pole camera from the neighborhood in which the encounter ended.

The first body camera video shows three police cars stopping Nichols, who is black, at a traffic light for an alleged traffic violation. They pull him from the vehicle and attempt to force him onto his stomach on the ground while tasing and pepper-spraying him.

Nichols oscillates between compliance and resistance during this initial encounter, before eventually slipping out of officers’ grasp and running down the road and into a neighborhood.

The second body camera feed picks up the chase about 10 minutes later, when Nichols is tackled by an officer in the residential neighborhood he ran into.

A pole camera captures a silent overhead view of the encounter from there. We see officers—all of whom are also black—beat and kick Nichols while he flails on the ground. Officers bring him to his feet and prop him upright while one officer punches him in the face repeatedly. Another whips out an extendable baton and strikes him.

Audio from body cameras captures Nichols crying out for his mother, one officer threatening to “spray” Nichols again, and another saying he’ll “baton the fuck out” of him.

Eventually, a severely beaten Nichols is propped up against a police car. Officers then mill around, discussing the chase. One complains about hurting his leg. Another cop says Nichols reached for the officer’s gun during the fight.

While they talk, Nichols remains keeled over on the ground. More police officers eventually arrive on the scene. Two medics arrive and attend to the collapsed Nichols. The pole camera footage ends with an ambulance arriving roughly 30 minutes after Nichols is first tackled on the street.

Nichols died in the hospital three days after the encounter as a result of the wounds inflicted on him by police.

Last week, the U.S. Department of Justice announced it would launch a civil rights investigation into the incident.

Yesterday, five of the officers involved in the encounter were charged with murder, aggravated assault, aggravated kidnapping, official misconduct, and official oppression by the Shelby County district attorney.

In the run-up to the release of the body camera footage tonight, local Memphis officials and Nichols’ family urged protesters to remain peaceful.

The post New Video Shows Memphis Police Fatally Beating, Tasing, Pepper-Spraying Tyre Nichols appeared first on Reason.com.

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Escobar: Can You Smell What The Year Of The Rabbit Is Cooking?

Escobar: Can You Smell What The Year Of The Rabbit Is Cooking?

Authored by Pepe Escobar,

The New Silk Roads, or BRI, as well as the integration efforts of BRICS+, the SCO and the EAEU will be on the forefront of Chinese policy...

Liu He studied economics at Renmin University in China and got a Master’s from Harvard. Since 2018, he’s one of China’s Vice Premiers – along with Han Zheng, Sun Chunlan, and Hu Chunhua. He’s a Director of the Central Financial and Economic Affairs Commission and heads the China Financial Stability and Development Committee. Anyone around the world who wants to know what will drive China’s economy in the Year of the Rabbit must pay attention to Liu He.

Davos 2023 has come and gone: an extended exercise in Demented Dystopia with peaks of paroxysm.

At least a measure of reality was offered by Liu He’s address.

limited but competent analysis of what he said is infinitely more useful than torrents of barely disguised Sinophobic “research” vomited by U.S. Think Tankland.

Liu He pointed to some key numbers for the Chinese economy in 2022. Overall 3% growth may not be groundbreaking; but what matters is value-added for high-tech manufacturing and equipment manufacturing going up by 7.4% and 5.6% respectively. What this means is that Chinese industrial capacity continues to move up the value chain.

Trade, predictably, reigns supreme: the total value of imports and exports reached the equivalent of $6,215 trillion in 2022; that’s an increase of 7.7% over 2021.

Liu He also made it clear that improving the wealth of Chinese citizens remains a key priority, as enounced in the 2022 Party Congress: the number of middle class Chinese, by 2035, should jump from the current 400 million to an astonishing 900 million.

Liu He pointedly explained that everything about Chinese reforms revolves around the notion of establishing “a socialist market economy”. This translates as “let the market play a decisive role in resources allocation, let the government play a better role.” That has absolutely nothing to do with Beijing privileging a planned economy. As Liu He detailed, “we will deepen SOE [State-Owned Enterprises] reform, support the private sector, and promote fair competition, anti-monopoly and entrepreneurship.”

China is reaching the next level, economically: that translates as building, as fast as possible, an innovation-driven commercial base. Specific targets include finance, tech, and greater productivity in industry, as in applying more robotics.

On the fin-tech front, a resurgent Hong Kong is bound to play an extremely important role starting by 2024 – most of it in consequence of several Wealth Management Connect mechanisms.

Enter, or re-enter the key role of the Guangdong-Hong Kong-Macao Greater Bay Area – one the key development nodes of 21st century China.

What is known as the Greater Bay Area’s Wealth Management Connect is a set up that allows wealthy investors from the nine mainland cities that compose the area to invest in yuan-denominated financial products issued by banks in Hong Kong and Macao – and vice-versa. What this means in practice is opening up mainland China’s financial markets even further.

So expect a new Hong Kong boom by 2025. All those dejected by the collective West’s morass, start making plans.

Dual circulation hits Eurasia

As expected, Liu He also referred to the key Beijing strategy for this decade: “A new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other.”

The dual-circulation strategy reflects the Beijing leadership’s emphasis on simultaneously boosting China’s self-reliance and its vast export market footprint. Virtually every government policy is about dual circulation. When Liu He talks about “spurring of China’s domestic demand” he’s sending a direct message to global exporters – Eastern and Western – focusing on this ever-growing, gigantic mass of Chinese middle class consumers.

On the geopolitical and geoeconomic Big Picture, Liu He was diplomatically circumspect. He just let it filter that “we believe that an equitable international economic order must be preserved by all.”

Translation: the New Silk Roads, or BRI, as well as the integration efforts of BRICS+, the SCO and the EAEU will be on the forefront of Chinese policy.

And that brings us to what should become one of the key stories of the Year of the Rabbit: the renewed drive along the New Silk Roads.

Few better than the Chinese, historically, understand that from Samarkand to Venice, from Bukhara to Guangzhou, from Palmyra to Alexandria, from the Karakoram to the Hindu Kush, from deserts that used to engulf caravans to gardens of secluded harems, a formidable pull of economic, political, cultural and religious factors not only linked the extremities of Eurasia – from the Mediterranean to China – but determine and will continue to determine its centuries-old history.

The Ancient Silk Roads were not only about silk but also spices, porcelain, precious tones, fur, gold, tea, glass, slaves, concubines, war, knowledge, plagues – and that’s how they turned into the symbol of Eurasia-wide “people to people exchanges”, as Xi Jinping and the Beijing leadership extol it today.

These processes involve archeology, economics, history, musicology, compared mythology; so, keeping up with the past, the New Silk Roads also mean all manner of exchanges between East and West. The perpetual history of non-stop trade, in this case, is only the material base, a pretext.

Before silk there was lapis lazuli, copper, incense. Even if China may have only opened itself to the outside world on the 2nd century B.C. – because of silk – Chinese tradition, in the oldest Chinese novel, The Chronicle of the Son of Heaven Mu, tells the tale of Emperor Mu visiting the Queen of Sheba already in the 10th century B.C.

The exchanges between Europe and China may have started only in the 1st century B.C. The men who actually traversed the Eurasian immensities were actually few. It’s only in the year 98 that the Chinese ambassadorship of Gan Ying departs for Da Qin – that is, Rome. He never arrived.

In the year 166, the Antoninus Pius ambassadorship, allegedly sent by the Emperor himself, finally hits China; but in fact that’s just an adventurous merchant. For 13 centuries there was a huge exploratory void.

Despite the prodigious advances of Islam and the omnipresence of Muslim merchants since the 7th century, it’s only in the 13th century – at the time of the last Crusades and the Mongol conquest – that Europeans picked up again the road towards the East. And then, on the 15th century, the Ming emperors succeeding the Mongols totally closed China to the outside world.

It’s only due to a certain extent to the Jesuits in the 16th century that a meeting finally happened – 17 centuries too late: Europe finally started to acquire some knowledge of China, even as it dreamed about it over and over again, since chic Roman patricians were enveloped in transparent silk robes.

It’s only around 1600 that Europeans seem to have become aware that Northern China and Southern China are on the same continent. So we may conclude that China really became known in the West only after the “discovery” of the Americas.

Two worlds ignored each other for so long – and still, all along the watchtowers in the middle of the steppes, trade kept moving from one side of Eurasia to another.

Now it’s time for another historical push – even as a discombobulated Europe is kept hostage by a cabal of imperial Straussian neo-cons and neoliberal-cons. Duisburg, in the Rhur valley, the world’s largest inland port, after all remains the key Iron Silk Road hub across BRI, linked by endless railways to Chongqing in China. Wake up, Young German: your future is in the East.

Tyler Durden
Fri, 01/27/2023 – 23:45

via ZeroHedge News https://ift.tt/o73lYUA Tyler Durden

Visualizing Remittance Flows & GDP Impact By Country

Visualizing Remittance Flows & GDP Impact By Country

The COVID-19 pandemic slowed down the flow of global immigration by 27%.

And, as Visual Capitalist’s Richie Lionell details below, alongside it, travel restrictions, job losses, and mounting health concerns meant that many migrant workers couldn’t send money in the form of remittances back to families in their home countries.

This flow of remittances received by countries dropped by 1.5% to $711 billion globally in 2020. But over the next two years, things quickly turned back around.

As visa approvals restarted and international borders opened, so did international migration and global remittance flows.

In 2021, total global remittances were estimated at $781 billion and have further risen to $794 billion in 2022.

In these images, Richie Lionell uses the World Bank’s KNOMAD data to visualize this increasing flow of money across international borders in 176 countries.

Why Do Remittances Matter?

Remittances contribute to the economy of nations worldwide, especially low and middle-income countries (LMICs). 

They have been shown to help alleviate poverty, improve nutrition, and even increase school enrollment rates in these nations. Research has also found that these inflows of income can help recipient households become resilient, especially in the face of disasters.

At the same time, it’s worth noting that these transfers aren’t a silver bullet for recipient nations. In fact, some research shows that overreliance on remittances can cause a vicious cycle that doesn’t translate to consistent economic growth over time.

Countries Receiving the Highest Remittances

For the past 15 years, India has consistently topped the chart of the largest remittance beneficiaries.

With an estimated $100 billion in remittances received, India is said to have reached an all-time high in 2022.

This increasing flow of remittances can be partially attributed to migrant Indians switching to high-skilled jobs in high-income countries—including the U.S., the UK, and Singapore—from low-skilled and low-paying jobs in Gulf countries.

Rank Remittance Inflows by Country 2022 (USD)
1 India

$100,000M

2 Mexico $60,300M
3 China $51,000M
4 Philippines $38,000M
5 Egypt, Arab Rep. $32,337M
6 Pakistan $29,000M
7 France $28,520M
8 Bangladesh $21,000M
9 Nigeria $20,945M
10 Vietnam $19,000M
11 Ukraine $18,421M
12 Guatemala $18,112M
13 Germany $18,000M
14 Belgium $13,500M
15 Uzbekistan $13,500M
16 Morocco $11,401M
17 Romania $11,064M
18 Dominican Republic $9,920M
19 Indonesia $9,700M
20 Thailand $9,500M
21 Colombia $9,133M
22 Italy $9,000M
23 Nepal $8,500M
24 Spain $8,500M
25 Honduras $8,284M
26 Poland $8,000M
27 Korea, Rep. $7,877M
28 El Salvador $7,620M
29 Lebanon $6,841M
30 Israel $6,143M
31 United States $6,097M
32 Russian Federation $6,000M
33 Serbia $5,400M
34 Brazil $5,045M
35 Japan $5,000M
36 Portugal $4,694M
37 Ghana $4,664M
38 Jordan $4,646M
39 Czech Republic $4,539M
40 Haiti $4,532M
41 Ecuador $4,468M
42 Georgia $4,100M
43 Kenya $4,091M
44 Croatia $3,701M
45 Peru $3,699M
46 Sri Lanka $3,600M
47 West Bank and Gaza $3,495M
48 Jamaica $3,419M
49 Armenia $3,350M
50 Tajikistan $3,200M
51 Nicaragua $3,126M
52 Kyrgyz Republic $3,050M
53 Senegal $2,711M
54 Austria $2,700M
55 Switzerland $2,631M
56 Sweden $2,565M
57 United Kingdom $2,501M
58 Hungary $2,404M
59 Bosnia and Herzegovina $2,400M
60 Slovak Republic $2,300M
61 Moldova $2,170M
62 Azerbaijan $2,150M
63 Tunisia $2,085M
64 Zimbabwe $2,047M
65 Luxembourg $2,000M
66 Netherlands $2,000M
67 Myanmar $1,900M
68 Algeria $1,829M
69 Albania $1,800M
70 Somalia $1735M
71 Congo, Dem. Rep. $1,664M
72 Malaysia $1,620M
73 Kosovo $1,600M
74 Denmark $1,517M
75 Latvia $1,500M
76 Bolivia $1,403M
77 Belarus $1,350M
78 Cambodia $1,250M
79 Bermuda $1,200M
80 South Sudan $1,187M
81 Uganda $1,131M
82 Mali $1,094M
83 South Africa $1,019M
84 Sudan $1,013M
85 Argentina $966M
86 Montenegro $920M
87 Finland $880M
88 Bulgaria $850M
89 Slovenia $800M
90 Australia $737M
91 Madagascar $718M
92 Turkey $710M
93 Canada $700M
94 Lithuania $700M
95 Togo $668M
96 Greece $665M
97 Costa Rica $654M
98 Estonia $626M
99 Qatar $624M
100 Iraq $624M
101 Gambia, The $615M
102 Tanzania $609M
103 Norway $600M
104 Panama $596M
105 Burkina Faso $589M
106 Hong Kong SAR, China $571M
107 Paraguay $554M
108 Mozambique $545M
109 Niger $534M
110 Cyprus $527M
111 Lesotho $527M
112 Mongolia $500M
113 Rwanda $469M
114 Fiji $450M
115 North Macedonia $450M
116 Guyana $400M
117 Cabo Verde $375M
118 Kazakhstan $370M
119 Cameroon $365M
120 Cote d’Ivoire $360M
121 Liberia $351M
122 Afghanistan $350M
123 Ethiopia $327M
124 Samoa $280M
125 Mauritius $279M
126 Saudi Arabia $273M
127 Malta $271M
128 Malawi $267M
129 Zambia $260M
130 Tonga $250M
131 Comoros $250M
132 Ireland $249M
133 Suriname $221M
134 Benin $209M
135 Lao PDR $200M
136 Timor-Leste $185M
137 Sierra Leone $179M
138 Guinea-Bissau $178M
139 Trinidad and Tobago $172M
140 Mauritania $168M
141 Iceland $164M
142 Eswatini $148M
143 Belize $142M
144 Curacao $131M
145 Uruguay $127M
146 Chile $78M
147 Vanuatu $75M
148 St. Vincent and the Grenadines $70M
149 Grenada $69M
150 Botswana $56M
151 St. Lucia $55M
152 Bhutan $55M
153 Djibouti $55M
154 Dominica $52M
155 Burundi $50M
156 Aruba $44M
157 Namibia $44M
158 Guinea $41M
159 Solomon Islands $40M
160 Oman $39M
161 Antigua and Barbuda $35M
162 St. Kitts and Nevis $33M
163 Marshall Islands $30M
164 Kuwait $27M
165 New Zealand $25M
166 Macao SAR, China $17M
167 Angola $16M
168 Kiribati $15M
169 Cayman Islands $14M
170 Sao Tome and Principe $10M
171 Seychelles $9M
172 Maldives $5M
173 Gabon $4M
174 Palau $2M
175 Papua New Guinea $2M
176 Turkmenistan $1M
Total World $794,059M

Mexico and China round out the top three remittance-receiving nations, with estimated inbound transfers of $60 billion and $51 billion respectively in 2022.

Impact on National GDP

While India tops the list of countries benefitting from remittances, its $100 billion received amounts to only 2.9% of its 2022 GDP.

Meanwhile, low and middle-income countries around the world heavily rely on this source of income to boost their economies in a more substantive way. In 2022, for example, remittances accounted for over 15% of the GDP of 25 countries.

Rank Remittance Inflows by Country % of GDP (2022)
1 Tonga 49.9%
2 Lebanon 37.8%
3 Samoa 33.7%
4 Tajikistan 32.0%
5 Kyrgyz Republic 31.2%
6 Gambia, The 28.3%
7 Honduras 27.1%
8 South Sudan 24.8%
9 El Salvador 23.8%
10 Haiti 22.4%
11 Nepal 21.7%
12 Jamaica 21.2%
13 Lesotho 21.0%
14 Somalia 20.6%
15 Comoros 20.1%
16 Nicaragua 19.9%
17 Guatemala 19.8%
18 Armenia 18.9%
19 West Bank and Gaza 18.5%
20 Cabo Verde 18.2%
21 Kosovo 17.3%
22 Uzbekistan 17.0%
23 Georgia 16.2%
24 Moldova 15.4%
25 Montenegro 15.0%
26 Ukraine 13.8%
27 Marshall Islands 11.0%
28 Guinea-Bissau 10.9%
29 Bosnia and Herzegovina 10.1%
30 Albania 9.8%
31 Senegal 9.8%
32 Jordan 9.6%
33 Philippines 9.4%
34 Fiji 9.2%
35 Liberia 9.0%
36 Dominican Republic 8.8%
37 Dominica 8.6%
38 Serbia 8.6%
39 Togo 7.9%
40 Morocco 7.9%
41 Pakistan 7.7%
42 Vanuatu 7.6%
43 Timor-Leste 7.5%
44 Suriname 7.3%
45 St. Vincent and the Grenadines 7.3%
46 Kiribati 7.2%
47 Egypt, Arab Rep. 6.8%
48 Ghana 6.1%
49 Mali 5.9%
50 Grenada 5.8%
51 Zimbabwe 5.3%
52 Croatia 5.3%
53 Belize 5.3%
54 Sri Lanka 4.8%
55 Madagascar 4.7%
56 Vietnam 4.5%
57 Bangladesh 4.5%
58 Tunisia 4.5%
59 Cambodia 4.4%
60 Sierra Leone 4.3%
61 Mexico 4.2%
62 Nigeria 4.1%
63 Rwanda 3.8%
64 Ecuador 3.8%
65 Latvia 3.6%
66 Romania 3.6%
67 Niger 3.6%
68 Kenya 3.5%
69 Bolivia 3.2%
70 Burkina Faso 3.2%
71 Myanmar 3.1%
72 North Macedonia 3.1%
73 Mongolia 3.1%
74 Eswatini 3.1%
75 Azerbaijan 3.0%
76 Mozambique 3.0%
77 St. Kitts and Nevis 2.9%
78 India 2.8%
79 St. Lucia 2.7%
80 Guyana 2.6%
81 Colombia 2.6%
82 Congo, Dem. Rep. 2.6%
83 Solomon Islands 2.4%
84 Luxembourg 2.4%
85 Mauritius 2.4%
86 Sudan 2.3%
87 Uganda 2.3%
88 Malawi 2.3%
89 Belgium 2.2%
90 Sao Tome and Principe 2.0%
91 Afghanistan 2.0%
92 Slovak Republic 2.0%
93 Antigua and Barbuda 2.0%
94 Bhutan 2.0%
95 Cyprus 1.9%
96 Portugal 1.8%
97 Thailand 1.7%
98 Belarus 1.6%
99 Mauritania 1.6%
100 Estonia 1.6%
101 Malta 1.5%
102 Peru 1.5%
103 Czech Republic 1.5%
104 Djibouti 1.4%
105 Burundi 1.3%
106 Paraguay 1.3%
107 Hungary 1.3%
108 Slovenia 1.2%
109 Aruba 1.2%
110 Lao PDR 1.2%
111 Benin 1.1%
112 Israel 1.1%
113 Poland 1.1%
114 Lithuania 1.0%
115 France 1.0%
116 Bulgaria 0.9%
117 Algeria 0.9%
118 Zambia 0.9%
119 Costa Rica 0.9%
120 Palau 0.8%
121 Panama 0.8%
122 Cameroon 0.8%
123 Tanzania 0.7%
124 Indonesia 0.7%
125 Spain 0.6%
126 Iceland 0.5%
127 Trinidad and Tobago 0.5%
128 Austria 0.5%
129 Cote d’Ivoire 0.5%
130 Seychelles 0.4%
131 Korea, Rep. 0.4%
132 Italy 0.4%
133 Germany 0.4%
134 Sweden 0.4%
135 Denmark 0.3%
136 Malaysia 0.3%
137 Namibia 0.3%
138 Switzerland 0.3%
139 Finland 0.3%
140 Botswana 0.3%
141 Greece 0.2%
142 Ethiopia 0.2%
143 Qatar 0.2%
144 Russian Federation 0.2%
145 Brazil 0.2%
146 China 0.2%
147 South Africa 0.2%
148 Iraq 0.2%
149 Guinea 0.2%
150 Netherlands 0.2%
151 Uruguay 0.1%
152 Kazakhstan 0.1%
153 Hong Kong SAR, China 0.1%
154 Argentina 0.1%
155 Norway 0.1%
156 Japan 0.1%
157 Maldives 0.08%
158 Turkey 0.08%
159 United Kingdom 0.07%
160 Macao SAR, China 0.07%
161 Ireland 0.05%
162 Australia 0.04%
163 Oman 0.04%
164 Saudi Arabia 0.03%
165 Chile 0.02%
166 United States 0.02%
167 Gabon 0.02%
168 Kuwait 0.01%
169 Angola 0.01%
170 New Zealand 0.01%
171 Papua New Guinea 0.01%
172 Turkmenistan 0.001%

Known primarily as a tourist destination, the Polynesian country of Tonga banks on remittance inflows to support its economy. In 2022, the country’s incoming remittance flows were equal to almost 50% of its GDP.

Next on this list is Lebanon. The country received $6.8 billion in remittances in 2022, estimated to equal almost 38% of its GDP and making it a key support to the nation’s shrinking economy.

Tyler Durden
Fri, 01/27/2023 – 23:25

via ZeroHedge News https://ift.tt/xhOIt4v Tyler Durden

Canada’s Bill C-26: Yet Another Government Power Grab

Canada’s Bill C-26: Yet Another Government Power Grab

Authored by Mark Jeftovic via EasyDNS.com,

Soviet Era Ethos Stomps Privacy and Due-Process

Another doozy from the Canadian government.

Following along several other bills winding their way along the Road to Serfdom…

  • Bill C-11 regulates the internet under the CRTC and paves the way toward institutionalized content moderation, the requirement for licenses to publish online, and regulation of user generated content (in Senate)

  • Bill C-36 the Online Harms Bill sought to designate political dissent as “hate speech” and invoked penalties for criticizing politicians (not sure where this one is at the moment).

  • Bill C-18 throws a funding lifeline to Canada’s flailing agitprop industry (a.k.a the mainsteam media), in that it will require tech platforms to pay licensing fees for content the media outlets post there (passed third reading in November). This bill will reward big media conglomerates like Bell, while freezing out small and independent organizations.

Here comes another one, Bill C-36: An Act respecting cyber security, amending the Telecommunications Act and making consequential amendments to other Acts, which passed first reading last June.

It’s been largely flying under everybody’s radar so far. The Canadian Civil Liberties Association has been actively raising awareness and Michael Geist had Brenda McPhail, their Director of the Privacy, Technology and Surveillance Program on his podcast last October.

We mentioned C-26 in AxisOfEasy #273 citing Gowling WLG’s coverage of it by Brent Arnold (Brent Arnold sits on the Internet Society Canada Chapter board, as do I, but I am writing this post from my role as easyDNS CEO, and not ISCC.)

The Government Hereby Grants Itself The Following Powers:

The new bill is ostensibly a cyber-security and critical infrastructure bill, but it is riddled with nebulous, open-ended terms, Kafka-esque secrecy provisions, onerous penalties and conspicuously absent of any semblance due process:

It effectively subjects Canada’s telecom and internet sectors to the whim of unelected bureaucrats and political functionaries.

Am I being bombastic? You tell me: given that the legislation that grants them the power to order a telecommunications service provider “to do or stop doing anything“. 

“Part 1 amends the Telecommunications Act to add the promotion of the security of the Canadian telecommunications system as an objective of the Canadian telecommunications policy and to authorize the Governor in Council and the Minister of Industry to direct telecommunications service providers to do anything, or refrain from doing anything, that is necessary to secure the Canadian telecommunications system. It also establishes an administrative monetary penalty scheme to promote compliance with orders and regulations made by the Governor in Council and the Minister of Industry to secure the Canadian telecommunications system as well as rules for judicial review of those orders and regulations.”

I guess it all comes down to what you mean by “anything”.

Speaking of anything, the government can deem “any” service or system a vital service or system – which then makes that entity subject to requirements, that…

(a) authorizes the Governor in Council to designate any service or system as a vital service or vital system;

(b) authorizes the Governor in Council to establish classes of operators in respect of a vital service or vital system;

(c) requires designated operators to, among other things, establish and implement cyber security programs, mitigate supply-chain and third-party risks, report cyber security incidents and comply with cyber security directions;

(d) provides for the exchange of information between relevant parties; and

(e) authorizes the enforcement of the obligations under the Act and imposes consequences for non-compliance.

Each one of these bullet points opens a can of worms unto itself,  combined they have the potential to effectively nationalize Canada’s information infrastructure.

The penalties for non-compliance are onerous: $1 million per day for individuals and $15 million /day for any other entity.

But wait, there’s more:

Under C-26, orders are filed in secret, telecommunications service providers (TSPs) can be ordered to cut off any user (including another TSP) while being barred from even informing the entity that it’s happening, let alone why.

The contents of said orders are secret and not even divulged to the target. I recommend listening to the Michael Geist / Brenda McPhail podcast above to understand the threat to Canadians’ privacy.

Me, sitting here with my easyDNS hat on, running an internet service provider, I’m dialled in on the due process aspects.

More accurately, the complete absence of due process. We’ve got twenty-five years experience of being told by various governments and their agencies to forgo due process and do things that would otherwise disrupt businesses, individual rights and even the network itself if we listened to them.

Being told to do or stop doing “anything” seems overly broad.

It gets worse:

Similar to previous legislation, there are provisions for warrantless entry into places of business, or private homes, to search, copy or remove anything they deem relevant – including documents or telecommunications equipment.

C-26 also permits the government to share data with foreign entities. Again, this is all done without any of the privacy safeguards most citizens think they have as a constitutional right, because this bill, and this government, mostly ignores that those rights exist.

Non-Hypothetical Example

Last year, around this time, the same government that is introducing this bill arbitrarily enacted bank account seizures, not only against protestors, but also targeting crowdfunded contributions to their fundraisers.

This was done under the aegis of the Emergencies Act, however the seizures started before the EA was even ratified in Parliament, and the list of fundraising contributors was largely sourced from a third-party spreadsheet that was hacked from a foreign crowdfunding platform.

Nevermind that the entire thing went away within a week – rationalized as “mission accomplished” (the reality was the measure sparked a run on banks and nearly blew up the Canadian financial system),

Not much mention of this in the MSM, oddly…

The 2022 invocation of the Emergencies Act  made it clear that our government is perfectly willing to act unilaterally, without due process, in contravention of basic human rights to unbank people at whim.

Bill C-26 will give them a veneer of Soviet-era legislation to unperson you in the online realm.

What Can You Do?

While I said I’m not speaking with my ISCC hat on today, the Internet Society Canada Chapter is one of the civil society bodies that does its level best to bring informed, rational commentary and input to the policy making process. Membership includes a couple ex-CRTC commissioners and even a recent appointee to the Order of Canada.

Consider signing up as a member today and help us bring a clue to the process, or alternatively, get behind the Canadian Civil Liberties Association.

You can also make your views known to your MP. They don’t care if they get your vote or not, so don’t even bother telling them you won’t vote for them. You have speak their language, e.g

“I know you don’t care about my vote – but I feel strongly enough about this issue to make the maximum allowable personal contribution to your opponent, and fund raise for them wherever I can”.

In my case they at least started replying to my emails after that.

Tyler Durden
Fri, 01/27/2023 – 23:05

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Thai Rice Prices Jump As Global Food Crisis Reignites

Thai Rice Prices Jump As Global Food Crisis Reignites

Soaring rice prices is the latest example of persistent food inflation. The grain is responsible for feeding billions of people, and prices were relatively stable last year while wheat soared until now.

Since November, Thailand’s white rice prices jumped to two-year highs, up 23% to $523 per ton. 

“Strong demand lies at the heart of the rally, with some importers buying more of the grain to replace wheat after the war in Ukraine disrupted supplies. Some consumers have also been stocking up ahead of festivals, while a strengthening Thai currency has helped push up dollar-denominated prices,” Bloomberg explained. 

Thailand, the world’s second-largest rice exporter, has seen increasing demand from Indonesia and Iraq, said Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association. 

“Iraq has been diligently buying our rice every month,” said Ophaswongse, adding the Middle Eastern country was the largest buyer last year. 

However, as Thai rice gets more expensive, buyers in China and Malaysia are swapping for inexpensive alternatives. 

Expensive rice will pressure many of the world’s households that rely on the grain. The problem with rice is that it’s a staple, and rising prices could fuel discontent or, worse, food riots. 

What’s more alarming is that the Food and Agriculture Organization’s food price index, which tracks international prices of the top traded food commodities worldwide, remains at levels associated with triggering the Arab Spring, a series of anti-government protests across the Middle East in the early 2010s. 

The good news is that upside momentum in food commodity prices has dramatically slowed, if not reversed, in some cases, though the rise in rice prices is a concern because billions of people rely on the grain for survival.

… and China is shifting into a net food importer that might put upward pressure on food prices this year. 

Tyler Durden
Fri, 01/27/2023 – 22:45

via ZeroHedge News https://ift.tt/pIfUeON Tyler Durden

Here’s What Happens To Society When The System Fails

Here’s What Happens To Society When The System Fails

Authored by Fabiann Ommar via The Organic Prepper blog,

When the system begins to fail, society can quickly crumble. Two such events have occurred recently…

Let’s reflect on the Brumadinho mining dam disaster and see about the recent cartel attack in Culiacán, Mexico, in order to discuss how these kinds of events can affect our daily lives, particularly during times of crisis.

In his work, Selco explains what occurs to individuals and society as a whole when the system completely fails. He’s unmatched and possibly one of the greatest sources to look at because of how effectively his blunt and honest style is to convey the drama and urgency of the unthinkable

I haven’t experienced a civil war, but I can speak about other SHTFs, such as Thirdworldization, or crime that occurs when a crisis arises.

The recent events in Mexico serve as the ideal illustration.

The Brazilian uprising of January 8th took place as I was just beginning to write about it, so the immediacy of the situation took priority.

However, here’s the quick rundown: 

The Sinaloa Cartel launched a significant offensive against the Mexican government and military in the first week of January in response to the detention of their leader.

“Mexican authorities have captured Ovidio Guzmán, a son of incarcerated drugs kingpin Joaquín “El Chapo” Guzmán, prompting a wave of retaliatory attacks from cartel gunmen in the northern city of Culiacán.

After a night of violence, gunmen exchanged fire with security forces, blocking roads with burning vehicles and shooting at army helicopters and police aeroplanes bringing reinforcements to the city.

According to one resident, heavy fighting raged for hours after Guzmán – a key figure in the Sinaloa cartel since the arrest of his father – was arrested in the city early on Thursday.” [source]

(If a few good books about this topic are TLDR, but you still want a broad view on this, I advise watching the Netflix’s original series Narcos. It’s Hollywood, so a little dramatized for entertainment, but it still gives a good outline of the major players and events.) 

A well-armed, organized, numerous, and deadly gang of criminals put on a massive and scary exhibition of strength and firepower.

You’ve probably seen the videos making the rounds on social media and in the news, of passengers trying to take cover from the gunfire inside of an airplane, sicarios attempting to take down helicopters, groups firing heavy artillery towards the troops in the streets and avenues, and drug soldiers raiding homes. 

An entire region of a democratic nation was in dread as a result of the Sinaloa Cartel offensive to put pressure on the government and force the release of Guzmán. The estimated death toll from the conflict is 19 accused cartel gunmen and 11 members of the military and law enforcement. 

I’ve witnessed enough cartel activity to know that there are generally many more ‘unofficial’ victims and collateral in these drug wars, so I’m sure there are more to add to that total. It’s still ongoing, too, I’m sure – just not as openly as it has been. 

The fact that such savagery produced significant stir in a populace accustomed to the cartels and their ways says something about the ferocity of the struggle, even though it may startle my first-world colleagues. Not to mention that it all took place not far from the US. 

Think of that for a moment: paramilitary criminal groups directly attacking the government of a sizable democratic state. 

And this is not unprecedented.

Something similar occurred in Brazil over two decades ago. In May 2006, the PCC – also known as First Command of Capital, a well-known criminal organization – unleashed a wave of violent attacks against the police and government officials and buildings. That happened in São Paulo, the wealthiest state in Brazil and the 16th in the world. 

The gang instigated a mutiny in 76 jails to oppose the transfer of more than 700 of its members to highest security prisons. Then, street members were ordered to indiscriminately target police, police stations, state prosecutors, and other authorities. The forces responded by sending out a full contingent to confront the assailants. 

Wild rumors and curfew announcements kept the terrified population indoors. Buses did not leave the garages (more than 40 were set on fire), and shops, schools, and businesses remained closed. My city, which has 13 million residents and is the biggest in Brazil, had deserted streets for days. At the end of the attack, there were 60 agents and 500 civilian casualties (PCC members and other suspects), and more than a hundred were injured. In ten days only. 

About organized crime. 

It’s enormous, it’s all around us, growing in the underground. Most of the time, we only see and hear about it when something of magnitude erupts, or if we investigate it. Some individuals don’t even know it exists, how it functions, how powerful and pervasive, as well as how deadly it can be. They think it’s like in the movies, but it’s very different in reality. 

When everything is normal, mafias, cartels and other organized criminal operations stay more or less contained and operating mainly underground. They keep expanding and filtering into civil society through corruption or threats (plata o plomo – silver or lead). But also in more surreptitious, sophisticated, and “official” ways, such as financing everything from the election of local leaderships and politicians to the graduation of lawyers and promotion of DAs.

Tax revenue falls during a slump. Institutions deteriorate as a result of underfunding of the governmental apparatus. Of course, this also applies to the crime-fighting infrastructure. Criminals feel empowered and come out, making the situation worse. Though it has money and power, organized crime is not listed in the S&P 500 or the Nasdaq. That is to say, crime always tends to increase during economic downturns. 

Why is this relevant? 

If you watched the videos of the sicarios fighting the forces in the streets of Jesús María, Mazatlán or Los Mochis; or if you follow the actions of drug cartels, mafias and other criminal organizations in the real world, you probably know the answer to that question already. If not, let me explain it:

There’s a huge contingent of organized groups out there whose routines are a constant of firearms, violence, deception, and bloodshed. These people practice with guns daily on real targets; their “range” is the city’s streets. The idea that normal people will be dealing with untrained neighbors (or even trained ones) coming solo or in groups to their doors food in case SHTF is a fantasy for the most part.

I’m not referring to regular people turning violent due to hunger or despair or psychopaths wreaking havoc on the broken society. These criminals are all that and more, but they’re also merciless warriors accustomed to a routine of danger, confrontation, and death. It’s not that they’re capable of violence: all they know is violence. For them, it’ll be business as usual whether the system stays up or breaks down. 

It’s a constant war for turf, money, narcotics, power, and plenty more. 

And this battle is vicious and ferocious, bestial even – a blend of modern warfare, where the most advanced equipment money can buy gets mixed up with medieval tactics. It’s the sicarios trying to knock down a Black Hawk with anti-aircraft 0.50 and M134 miniguns, side-by-side with beheadings, dismemberments, and other horrible activities routinely employed to punish and apply lessons, instill terror on the adversary, or simply display brutality, audacity and savagery. A typical punishment is the “microwave oven”, which consists of putting the snitch or enemy inside a pile of old car tires and set them ablaze. 

That may seem overly graphic, but it’s the reality. There are entire populations living on the fringe (of cities, of society) immersed in this. When a group of gangsters raid your house or come for you for whatever, you know it’s hit the fan. You have no options, and no one to ask for help. 

Organized crime won’t go away. 

It’s a world with very different laws and rules, like any place where the system is failing, from economic, moral, and social decadence, inside the world we all live in. More important, as Thirdworldization pushes on everywhere, the various implications of organized crime will reach closer to the ordinary citizen.

Here’s another example.

January 25th marks the fourth anniversary of the collapse of the Brumadinho mining reject dam in Brazil’s southeastern state of Minas Gerais.

“It felt like being inside a giant blender.”

Alessandra de Souza, 43, was preparing lunch with her family when they heard a loud blast splitting the air. The noise echoed through the valley and was heard by Luiz de Castro while he was working in the mining complex. 

“I was twisting and turning uncontrollably and getting crushed by rocks, sticks, cars, parts of houses, and everything that came crashing down, breaking people, animals, and everything in its path.”

Luiz de Castro was installing lamps at the mining complex when he heard a massive bang from a close distance. He thought it was a truck tire popping or something, but his friend knew better.

“No, it’s not that!” the friend said. “Run!”

Dashing up a staircase, caked in mud and pelted by flying rocks, Castro clambered to safety. He watched as a tsunami of mud swallowed and buried alive 157 of his co-workers sitting in the cafeteria. It took rescue workers days to reach them.

The deluge of toxic mud stretched for five miles, crushing everything on its path: homes, offices, animals, and people. (Excerpts from a NYT article by Shasta Darlington, James Glanz, Manuela Andreoni, Matthew Bloch, Sergio Peçanha, Anjali Singhvi, and Troy Griggs.)

A true SHTF and a terrible tragedy, but hardly a surprise. 

The mudslide – 11.7 million cubic meters of mining waste, the equivalent of almost 5,000 Olympic swimming pools – advanced quickly through the mine’s offices, resulting in 270 dead (259 officially confirmed and 11 still missing).

Minas Gerais is Brazil’s second-largest producer, and there are almost fifty dams built like the one that failed — enormous reservoirs of mining waste held back by little more than walls of sand and silt. And all but four of the country’s 87 dams have been rated by the government as equally vulnerable or worse.

Even more troubling is the fact that 27 of them are situated upstream above towns or cities with a population of over 100,000. It’s a massive warning sign, yet nobody notices until something bad happens. A similar catastrophe that occurred in 2015 resulted in the deaths of 19 individuals and the contamination of 12 cities along the Rio Doce valley—two significant failures in just three years. 

Thirdworldization and the making of SHTF. 

A crude and cheaply built reservoir of mining waste sitting upstream of a major community has all the ingredients for an SHTF. The warning indicators of the presence of structural problems that could cause a collapse were ignored by the mining corporations and the authorities, and the monitoring systems had stopped working. 

Brazil is a large exporting nation and had been benefiting greatly from the 2000s commodities boom, which saw industrial giants like China devouring critical commodities like metals, grains, and everything they could get their hands on to support a string of two-digit GDP growth.

Mining industries were accelerating their expansion plans and operating at full throttle, without much rigorous oversight or restriction from the part of authorities, while everyone was benefiting from record exports and significant inflows of foreign investment. Brumadinho is yet another tragic illustration of how an undesirable combination of large and powerful (i.e., influential) companies operating in a substandard, inefficient, and corrupt “thirdworldized” environment and can result in disasters with nasty consequences. 

The crisis keeps brewing. 

The US congress should be debating the debt ceiling yet again about the time this post goes live. Depending on the way this turns, the decisions will have a vast array of consequences, from moderate to severe, now and in the future. This impasse has been recurrent and ever more tense, another sign of financial and political crisis – or more ThirdWorldization. 

The US is, in fact, bankrupt. My country is, too. Europe is also in financial trouble. Japan, the United Kingdom, and, very likely China are as well. Everybody is drowning in debt: countries, corporations, businesses, families, and people. Though that hasn’t yet had a significant effect on the system, it has been boiling and showing occasionally. 

There are countless levels of “broke,” and I could delve into this subject as I have in the past, but to emphasize that crucial contrast one more time: SHTF never hits the same way everywhere. Said differently, life in a “broke” nation that holds the world’s reserve currency (and a sizable army to back it up), or one with high-speed trains and highways, and stronger institutions will never be the same as in a place without these things. 

That doesn’t mean, though, that more developed nations won’t be affected. 

They will because: 1) the crisis is global; 2) everything is interconnected; and: 3) there are many ways this can happen. I’ve presented two in this article, but SHTF can also result from things like mass migration, authoritarianism, terrorism, pervasive corruption, a shortage of energy, and more. 

I’m not really saying anything new. A major conflict might result from all those crises. That has been the elites’ go-to response in the past, so who knows. Up until that, it will be a steady slide into a situation where institutions get overwhelmed, infrastructure deteriorates, workers cross their arms, and criminals feel empowered. 

To be sure, SHTF happens; however, when a crisis is present, it happens more frequently, and the repercussions are typically more serious and widespread. That results from the system becoming increasingly unstable and handicapped. We can talk about ways to prepare and overcome that, but until then, remain vigilant and stay safe.

*  *  *

Fabian Ommar is the author of Street Survivalism: A Practical Training Guide To Life In The City and The Ultimate Survival Gear Handbook

Tyler Durden
Fri, 01/27/2023 – 22:25

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Picturing The ‘Polycrisis’

Picturing The ‘Polycrisis’

Over the next ten years, climate change and its consequences will pose the greatest risk to the world.

That’s according to more than 1,000 leaders from academia, business and politics, who were asked to evaluate 32 global risks over a two-year and a 10-year horizon for the World Economic Forum’s annual Global Risks Perception Survey.

However, as Statista;s Felix Richter points out, while the experts consider the cost-of-living crisis (i.e. inflation) the most pressing issue over the next two years, they don’t expect rising prices to pose a major threat 10 years from now, when the four most severe risks faced by the world are all predicted to be related to climate change.

The following chart nicely illustrates the difference between what experts consider short-term risks and which challenges will shape the world for years or even decades to come.

Infographic: The Largest Risks Faced by the World | Statista

You will find more infographics at Statista

The 18th edition of the WEF’s Global Risks Report focuses on the risk of a potential “polycrisis”, which is a cluster of interdependent global risks with compounding effects.

Extreme climate events or geopolitical crises such as the war in Ukraine can for example lead to food, water or energy supply crises, which can in turn have massive ripple effects and eventually lead to political upheaval, social unrest and even mass migration.

“The world’s collective focus is being channeled into the “survival” of today’s crises: cost of living, social and political polarization, food and energy supplies, tepid growth, and geopolitical confrontation, among others,” Saadia Zahidi, managing director at the World Economic Forum finds, warning that “much-needed attention and resources are being diverted from newly emerging or rapidly accelerating risks to natural ecosystems, human health, security, digital rights and economic stability that could become crises and catastrophes in the next decade.”

Translation: Don’t be distracted by your selfish focus on your own family’s heating-and-eating needs; send money, pay your fair share, because we have a world to save from imminent destruction.

Tyler Durden
Fri, 01/27/2023 – 22:05

via ZeroHedge News https://ift.tt/4AOCfyZ Tyler Durden

Rickards: Has World War III Begun?

Rickards: Has World War III Begun?

Authored by James Rickards via DailyReckoning.com,

Has World War III already begun?

That’s a serious question and deserves serious consideration by investors. A wave of analysts and commentators have warned that the war in Ukraine could spin out of control and escalate into World War III.

One variation on that theme is that the war could escalate into a nuclear war with tactical nuclear weapons deployed. Most point a finger at Russia as the party that will launch a nuclear strike out of desperation at a failing campaign in Ukraine.

Actually, the opposite is true.

The Russian campaign is not failing (it has been on hold for several months awaiting the right conditions to launch a winter offensive). You just don’t hear about it in the mainstream media, which is essentially a propaganda outlet for Ukraine.

And the party most likely to use nuclear weapons first is the U.S. in order to save face and destabilize Russia once Ukraine is on the brink of collapse.

Reality Check

Many people have a hard time believing that. They’ve been told that Putin is the devil incarnate and would probably like to destroy the world. We like to think that in modern times we’re sophisticated and above falling prey to propaganda. Unfortunately, it isn’t true.

The fact is the U.S. did wage the only nuclear war in history from Aug. 6–9, 1945 and had a successful outcome. I’m not getting into the morality of it here, one way or the other. I’m just being objective.

Either way, another nuclear war could not be contained and it would be tantamount to World War III. It amounts to the same thing.

But my point is different. It’s not that we may be headed to World War III; it’s that we’re already there. The issue of when wars in general and world wars in particular begin and end is not as clear cut as many believe. There are many examples.

When Does a War Officially Begin? It’s Complicated

When did World War I begin? There were many precursors including the Agadir Crisis in Morocco (1911), the Italian-Turkish War (1911–12) and the Balkan Wars (1912–1913).

Clearly, the First World War was in a countdown phase as early as 1911.

More specifically, did World War I begin with the assassination of the Archduke Franz Ferdinand on June 28, 1914? The Austria-Hungary declaration of war on Serbia on July 28, 1914? Germany’s declaration of war on Russia on Aug. 1, 1914?

The fact is the beginning of World War I (then called the Great War) was a series of blunders. There were many other mistakes in addition to those just mentioned. Of course, the U.S. did not enter World War I until April 6, 1917.

The end of World War I was also a muddle. Most students recite Nov. 11, 1918, as the day the war ended. That’s not quite right. That is the day an armistice was signed and the shooting stopped. But an armistice is a ceasefire, not a peace treaty. The actual Versailles Treaty that ended the war was signed on June 28, 1919.

There’s nothing new about blurry lines on when wars begin and end. The Korean War stopped with an armistice signed on July 27, 1953, but it’s still technically not over; there has never been a peace treaty.

The most interesting case (and the one most pertinent to the war in Ukraine) is the beginning of World War II.

When Did World War II Really Begin?

Most Americans reflexively date this from Dec. 7, 1941, when Japan attacked Pearl Harbor. That’s the right date for U.S. entry, but of course, the war began on Sept. 1, 1939, when Germany invaded Poland. The U.K. and France declared war on Germany on Sept. 3.

Yet did World War II actually begin much earlier?

Japan invaded Manchuria on Sept. 18, 1931. They established a puppet regime there called Manchukuo led by Emperor Puyi (the infamous “Last Emperor” of China, and a descendant of the Qing Dynasty). This was followed by a full-scale invasion of China by Japan in 1937 and the horrific Rape of Nanjing in December 1937.

Of course, the European and Pacific theaters of World War II were different and geographically separated, but it is at least arguable that World War II began in China in 1931 or 1937 at the latest. I lean to that view personally.

And let’s not ignore the Spanish Civil War (1936–1939) in which Germany bombed Guernica, Russia financed the Popular Front and mercenaries formed the International Brigades, including the American Abraham Lincoln Brigade. The spectacle of the U.S. and Russia fighting Germany on Spanish soil was a neat preview of World War II.

The influx of foreign fighters to the war in Ukraine offers a modern parallel.

The Case for the Start of World War III

So the case for fuzzy beginnings and endings of wars is clear. What’s the case for saying World War III has already begun based on the situation in Ukraine?

The first point is the number of nations directly involved. It’s nonsense to say that NATO members are cheering on Ukraine from the sidelines. Those countries are directly involved in supplying weapons, intelligence, money, ammunition and boots on the ground.

Polish troops are operating as mercenaries in Ukrainian uniforms. U.S. and U.K. special operators are inside Ukraine supplying intelligence, weapons training and help with logistics. (These special operators are often hired as contractors by the CIA and MI6 to disguise their connections to U.S. and U.K. intelligence.)

Poland and Lithuania are supplying sophisticated Leopard tanks to Ukraine. The U.K. is preparing to supply their most sophisticated tank — the Challenger II, as well. The U.S. is providing Bradley Fighting Vehicles and Stryker armored vehicles.

The U.S. is also supplying HIMARS (long-distance guided missile artillery) and Patriot anti-missile batteries. The West is providing Ukraine with ammunition, cash, drones, satellite imaging, signals intelligence (SIGINT) and human intelligence (HUMINT).

Russia has been no slouch when it comes to enlisting allies and mercenaries. The Wagner Group, a privately owned mercenary army, has been on the front lines near Soledar and Bakhmut.

Russia is getting drones from Turkey and Iran. Fighters are arriving from Syria. China is providing financial support and offering technology that helps Russia to build its weapons and continue its missile attacks.

Up the Escalation Ladder

Physical warfighting has occurred in Poland (a misguided Ukrainian missile), Belarus (also a misguided Ukrainian missile), Russia (drone attacks on airbases inside Russia with nuclear weapons nearby) and Germany (the sabotage of the Nord Stream pipelines). There have also been naval battles on the Black Sea.

Of course, a long list of countries is providing support for Ukraine by participating in U.S.- and EU-led financial and economic sanctions.

The countries now directly involved in the war in Ukraine with weapons, money, intelligence, mercenaries or financial sanctions include the U.S., the U.K., Germany, France, Poland, Lithuania, Canada, Australia, Ukraine, Russia, China, Syria, Iran, Turkey, Japan, Romania, Belarus and Moldova. These countries span four continents. The economic ramifications are global. If this is not a world war, it’s not clear what is.

The Third World War is here. It may be at the 1937 stage rather than the 1941 stage. Let’s hope that status prevails. It likely will not.

Importantly for investors, this war is not close to a conclusion. It is far more likely to expand in terms of affected nations, financial sanctions and kinetic warfare.

The danger of escalation to a nuclear exchange is real and growing. Will anyone stop it before it’s too late?

Tyler Durden
Fri, 01/27/2023 – 21:45

via ZeroHedge News https://ift.tt/UyeGgpL Tyler Durden

The Most Egregious Mistake

The Most Egregious Mistake

Authored by Alastair Crooke,

The U.S. government is hostage to its financial hegemony in a way that is rarely fully understood…

It is the miscalculation of this era – one that may begin the collapse of dollar primacy, and therefore, global compliance with U.S. political demands, too. But its most grievous content is that it corners the U.S. into promoting dangerous Ukrainian escalation against Russia directly (i.e. Crimea).

Washington dares not – indeed cannot – yield on dollar primacy, the ultimate signifier for ‘American decline’. And so the U.S. government is hostage to its financial hegemony in a way that is rarely fully understood.

The Biden Team cannot withdraw its fantastical narrative of Russia’s imminent humiliation; they have bet the House on it.

Yet it has become an existential issue for the U.S. precisely because of this egregious initial miscalculation that has been subsequently levered-up into a preposterous narrative of a floundering, at any moment ‘collapsing’ Russia.

What then is this ‘Great Surprise’ – the almost completely unforeseen event of recent geo-politics that has so shaken U.S. expectations, and which takes the world to the precipice?

It is, in a word, Resilience.

The Resilience displayed by the Russian economy after the West had committed the entire weight of its financial resources to crushing Russia. The West bore down on Russia in every conceivable way – via financial, cultural and psychological war – and with real military war as the follow-through.

Yet, Russia has survived, and survived relatively handsomely. It is doing ‘okay’ – maybe better, even, than many Russia insiders were expecting. The ‘Anglo’ Intelligence services however, had assured EU leaders not to worry; it’s ‘slam dunk’; Putin cannot possibly survive. Rapid financial and political collapse, they promised, was certain under the tsunami of western sanctions.

Their analysis represents an Intelligence failure on a par with the non-existent Iraqi weapons of mass destruction. But instead of critical re-examination, as events failed to provide confirmation, they doubled down. But two such failures are just ‘too much’ to bear.

So why does this ‘failed expectation’ constitute such a world-shaking moment for our era? It is because the West fears that its miscalculation might well lead to the collapse of its dollar hegemony. But the fear extends well beyond that too – (bad as ‘that’ would be from the U.S. perspective).

Robert Kagan has outlined how external forward motion and the U.S.’ ‘global mission’ is the lifeblood of American internal polity – more than any equivocating nationalism, Professor Paul suggests. From the founding of the country, the U.S. has been an expansionary republican empire; without this forward motion, civic bonds of domestic unity come into question. If Americans are not united for expansionary republican greatness, by what purpose Professor Paul asks, are all these fissiparous races, creeds, and cultures in America, bound together? (Woke culture has proved no solution, being divisive rather than any pole around which unity can be built).

The point here is that Russian Resilience, at a single stroke, shattered the plate-glass floor to western convictions about its ability to ‘manage the world’. After the several western debacles centred on regime-change by military shock-and-awe, even hardened neo-cons – by 2006 – had conceded that a weaponised financial system was the only means to ‘secure the Empire’.

But this conviction has now been upended – and states around the world have taken notice.

This shock of miscalculation is all the greater because the West disdainfully had taken Russia to be a backward economy, with a GDP on a par to that of Spain. In an interview with Le Figaro last week, Professor Emmanuel Todd noted that Russia and Belarus, taken together, constitute only 3.3% of global GDP. The French historian questioned therefore, ‘how then is it possible that these states could have shown such resilience – in the face of the full force of the financial onslaught’?

Well, firstly, as Professor Todd underlined, ‘GDP’ as a measure of economic resilience is wholly “fictional”. Contrary to its name, GDP measures only aggregate expenditures. And that much of what is recorded as ‘production’, such the over-inflated billing for medical treatment in the U.S.’ and (said, tongue in cheek) services such as the hundreds of economists’ and bank analysts’ highly-paid analysis, are not production, per se, but “water vapour”.

Russia’s resilience, Todd attests, is due to the fact that it has a real economy of production. “War is the ultimate test of a political economy”, he notes. “It is the Great Revealer”.

And what is it that has been revealed? It has revealed another quite unexpected and shocking outcome – one that sends western commentators reeling – that Russia has not run out of missiles. ‘An economy the size of Spain, the western media ask, how can such a tiny economy sustain a prolonged war of attrition by NATO without running out of munitions?’.

But, as Todd outlines, Russia has been able to sustain its weapons-supply because it has a real economy of production that has the capacity to maintain a war – and the West no longer does. The West fixated on its misleading metric of GDP – and with its normalcy bias – is shocked that Russia has the capacity to outpace NATO’s arms inventories. Russia was billed by western analysts as a ‘paper tiger’ – a label that now seems more likely to apply to NATO.

The import of the ‘Great Surprise’ – of Russian Resilience – resulting from its real economy of production vis á vis the evident weakness of the hyper-financialised western model scrabbling for sources of munitions has not been lost on the rest of the world.

There is old history here. In the lead-up to WW1, the British Establishment was concerned that they might lose the coming war with Germany: British banks tended to lend short-term, in a ‘pump and dump’ approach, whereas German banks invested directly in long-term real-economy industrial projects – and therefore were thought to be able to better sustain war materiel supply.

Even then, the Anglo élite had a quiet appreciation of the inherent frailty to a heavily financialised system for which they compensated by simply expropriating the resources of a huge Empire to finance preparation for the coming Great War.

The backdrop then, is that the U.S. inherited the Anglo financialising approach which it subsequently turbo-charged when the U.S. was forced off the gold standard by ballooning budget deficits. The U.S. needed to attract the world’s ‘savings’ into the U.S., by which to finance its Vietnam war deficits.

The rest of Europe from the 19th century outset had been wary of Adam Smith’s ‘Anglo-model’. Friedreich List complained that the Anglos assumed that the ultimate measure of a society is always its level of consumption (expenditure – and hence the GDP metric). In the long run, List argued, a society’s well-being and its overall wealth were determined not by what the society can buy, but by what it can make (i.e. value coming from the real, self-sufficient economy).

The German school argued that emphasizing consumption would eventually be self-defeating. It would bias the system away from wealth creation, and ultimately make it impossible to consume as much, or to employ so many. Hindsight suggests List was correct in his analysis.

‘War – is the ultimate test – and Great Revealer’ (per Todd). The roots to an alternative economic view had lingered on in both Germany and Russia (with Sergei Witte), despite the recent preponderance of the hyper-financialised Anglo-model.

And now with the ‘Great Reveal’, the focus on the real economy is seen as a key insight underpinning the New Global Order, differentiating it sharply in terms both of economic systems and philosophy from the western sphere.

The new order is separating from the old, not just in terms of economic system and philosophy, but through a reconfiguring of the neurons through which trade and culture travels. Old trade routes are being bypassed and left to wither – to be replaced by waterways, pipelines and corridors that avoid all the choke points by which the West can physically control commerce.

The north-east Arctic passage, for example, has opened an inter-Asian trade. The untapped oil and gas fields of the Arctic eventually will fill the gaps in supplies resulting from an ideology that seeks to end investment by western oil and gas majors in fossil fuels. The North-South corridor (now open) links St Petersburg to Bombay. Another component links waterways from northern Russia to the Black Sea, the Caspian and from thence to the south. Yet another component is expected to pipe Caspian gas from the Caspian pipeline network south to a Persian Gulf gas ‘hub’.

Look at it in this way, it is as if the neural connectors in the real economic matrix are, as it were, being lifted up from the west, and are being set down in a new location to the East. If Suez was the waterway of the European era, and the Panama Canal represented that of the American Century, then the north-east Arctic waterway, the North-South corridors and the African railway nexus will be that of the Eurasian era.

In essence, the New Order is preparing to sustain a long economic conflict with the West.

Here, we return to the ‘Egregious Miscalculation’. This evolving New Order existentially threatens dollar hegemony – the U.S. created its hegemony through demanding that oil (and other commodities) be priced in dollars, and by facilitating a frenetic financialisation of asset markets in the U.S. It is this demand for dollars which alone has allowed the U.S. to fund its government deficit (and its defence budget) for nothing.

In this respect, this highly financialised dollar paradigm possesses qualities reminiscent of a sophisticated Ponzi scheme: It pulls in ‘new investors’, attracted by zero-cost credit leverage and the promise of ‘assured’ returns (assets pumped ever upwards by Fed liquidity). But the lure of ‘assured returns’ is tacitly underwritten by the inflation of one asset ‘bubble’ after another, in a regular sequence of bubbles – inflated at zero cost – before being finally ‘dumped’. The process then, is ‘rinsed and repeated’ ad seriatim.

Here is the point: Like a true Ponzi, this system relies on constant, and ever more, ‘new’ money coming into the scheme, to offset ‘payments out’ (financing U.S. government expenditure). Which is to say, U.S. hegemony now depends on constant overseas dollar expansion.

And, as with any pure Ponzi, once ‘money in’ falters, or redemptions spike, the scheme collapses.

It was to prevent the world quitting the dollar scheme for a new global trading order that the signal was ordered to be promulgated, via the onslaught on Russia, to warn that to quit the scheme would bring U.S. Treasury sanctions upon you, and to crash you.

But then came TWO game-changing shocks, in close succession: Inflation and interest rates spiralled, devaluing the value of fiat currencies such as the dollar and undermining the promise of ‘assured returns’; and secondly, Russia DID NOT COLLAPSE under financial Armageddon.

The ‘dollar Ponzi’ falls; U.S. markets fall; the dollar falls in value (vis á vis commodities).

This scheme might be felled by Russian Resilience – and by much of the planet peeling away into a separate economic model, no longer dependent on the dollar for its trading needs. (i.e., new ‘money in’ to the dollar ‘Ponzi’ turns negative, just as ‘money out’ explodes, with the U.S. having to finance ever bigger deficits (now domestically)).

Washington clearly made a stratospherically bad error in thinking that sanctions – and the assumed collapse of Russia – would be a ‘slam dunk’ outcome; one so self-evident that it required no rigorous ‘thinking through’.

Team Biden thus has painted the U.S. into a tight Ukraine ‘corner’. But at this stage – realistically – what can the White House do? It cannot withdraw the narrative of Russia’s ‘coming humiliation’ and defeat. They cannot let the narrative go because it has become an existential component to save what it can of the ‘Ponzi’. To admit that Russia ‘has won’ would be akin to saying that the ‘Ponzi’ will have to ‘close the fund’ to further withdrawals (just as Nixon did in 1971, when he shut withdrawals from the Gold window).

Commentator Yves Smith has provocatively argued, ‘What if Russia decisively wins – yet the western press is directed to not notice?’ Presumably, in such a situation, the economic confrontation between the West and New Global Order states must escalate into a wider, longer war.

Tyler Durden
Fri, 01/27/2023 – 21:05

via ZeroHedge News https://ift.tt/XON2fzP Tyler Durden

These Are The Oldest People To Have Ever Lived

These Are The Oldest People To Have Ever Lived

At the grand old age of 118, Lucile Randon died last week, passing on the crown of oldest living person to the U.S.-born Spanish woman Maria Branyas Morera – born in 1907 and now 115 years old.

“Order, tranquility, good connection with family and friends, contact with nature, emotional stability, no worries, no regrets, lots of positivity and staying away from toxic people” is what Branyas credits with her longevity, according to the Guinness site.

“I think longevity is also about being lucky,” Branyas said, Guinness officials added. “Luck and good genetics.”

María Branyas Morera was born in California and moved back to Spain when she was eight.

As Statista’s Martin Armstrong shows in the Infographic below however, the oldest person to ever live was the French Jeanne Calment who was 122 years and 164 days old when she died in 1997.

Infographic: The Oldest People To Have Ever Lived | Statista

You will find more infographics at Statista

database maintained by the Gerontology Research Group reveals that France and Japan have produced the largest share of the world’s oldest supercentenarians.

Women invariably dominate the top end of the list, too.

The oldest man to have ever lived, Japan‘s Jiroemon Kimura, was 116 when he died in 2013.

 

Tyler Durden
Fri, 01/27/2023 – 20:45

via ZeroHedge News https://ift.tt/2z8slVO Tyler Durden