“They’re Trying To Get Our IP” – Congressman Slams China’s SMIC For Violating Chip Sanctions

“They’re Trying To Get Our IP” – Congressman Slams China’s SMIC For Violating Chip Sanctions

The Biden administration’s efforts to limit China’s access to high-tech semiconductor chips and advanced machinery for supercomputing and AI have yet to be successful. There is growing frustration in Washington this week after Bloomberg revealed that Huawei Technologies Co. and China’s top chipmaker, built a new smartphone using an advanced 7-nanometer processor

On Tuesday, US National Security Adviser Jake Sullivan told reporters he needs “more information” on the “character and composition” of Semiconductor Manufacturing International Corp.’s Kirin 9000s chip powering Huawei’s Mate 60 Pro. Financial Times reported Sullivan was responding to a question during a briefing when a reporter asked whether US controls on exports of advanced semiconductors were being circumvented by Beijing. 

TechInsights conducted a complete teardown of the Mate 60 Pro for Bloomberg. They found that the “processor is the first to utilize SMIC’s most advanced 7nm technology and suggests the Chinese government is making some headway in attempts to build a domestic chip ecosystem.” 

The Mate 60 Pro is powered by a new Kirin 9000s chip that was fabricated in China by SMIC.Photographer: James Park/Bloomberg

For some context, Apple’s current iPhones use 4nm chips. The introduction of new iPhone 15 models will likely be powered by 3nm next week. Even though there is a sizeable gap between Huawei’s 7nm powered smartphone and Apple’s 4nm, it demonstrates the possibility that sanctions have been an ineffective weapon by Washington against China. 

Dan Hutcheson, the vice-chair of TechInsights, told FT that Huawei’s Mate 60 Pro “demonstrates the technical progress” the country’s chip sector has made despite being limited to the latest ultraviolet lithography tools due to Western sanctions. 

Hutcheson warned the development could spark another wave of Western chip sanctions on China to “curtail China’s access to critical manufacturing technologies.” 

… and this development has caused a stir in Washington, as Bloomberg’s Annmarie Hordern reported Wednesday morning:

When asked about whether SMIC violated trade sanctions by supplying Huawei with a new smartphone chip, @RepMcCaul said SMIC “warrants investigation” and it “looks like” they violated sanctions by supplying Huawei. SMIC continues “to try to get our intellectual property.”

Meanwhile, the Global Times, a state-run communist newspaper in China, posted this meme on X, saying, “Huawei breaks free from US tech blockade.” 

Ming-Chi Kuo, analyst at TF International Securities, told clients in a note that Huawei’s new smartphone could revive its handheld business. 

Goldman told clients via its GS Global Equities Call this morning to “Keep an eye on AAPL today following a WSJ report that China ordered officials not to use iPhones and other foreign – branded devices for work or bring them to government offices. ( WSJ ) On this note, semi/chip names were bid overnight following introduction of a new Huawei phone sparking hopes for the domestic semiconductor industry.” 

This development is an ominous sign that Washington’s global arsenal of sanctions to prevent other powers from rising is failing (read: here) amid the emergence of a multi-polar world that is likely here to stay.

Tyler Durden
Wed, 09/06/2023 – 18:45

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My New Lawfare Article on Trump and the Use of Section 3 Disqualification as a Tool to Protect Democracy Against itself


Donald Trump speaks at a Turning Point USA conference | Al Diaz/TNS/Newscom
Donald Trump in front of a large American flag
(Brian Cahn/Zuma Press/Newscom)

Earlier today, Lawfare published my article on “Section Disqualifications for Democracy Preservation.” Here is an excerpt:

There is an ongoing debate over whether Donald Trump must be disqualified from holding the presidency—or any public office—under Section 3 of the 14th Amendment. Enacted in the aftermath of the Civil War, Section 3 states that “No person” can hold any state or federal office if they had previously held state or federal public office in the United States and then “engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof.”

In a much-discussed new article, prominent conservative originalist legal scholars William Baude and Michael Stokes Paulsen argue that this rule is broad enough to bar Trump because of his efforts to overturn the result of the 2020 election and his role in instigating the Jan. 6, 2021, attack on the Capitol….

Part of the debate triggered by the article focuses on whether Baude and Paulsen have correctly interpreted key terms such as “insurrection” and “aid or comfort.” But other critics contend that disqualifying Trump is, as Stanford Law Professor Michael McConnell puts it, likely to have “profoundly anti-democratic” consequences, depriving voters of the opportunity to vote for the candidate of their choice…..

If Baude and Paulsen’s analysis of Section 3 is otherwise sound, concerns about democracy should not prevent officials from using it to disqualify Trump and others implicated in the events leading up to Jan. 6. Democracies have good reason to disqualify would-be officeholders whose track records indicate they endanger liberal democratic values. There is plenty of relevant precedent for disqualification for purposes of democratic preservation in both the United States and other democracies, most notably “lustration” laws barring officeholding by former functionaries of communist dictatorships in the newly democratic nations of Eastern Europe. While slippery-slope concerns should be taken seriously, there are safeguards against them, particularly in the form of judicial review.

There is, however, one genuine serious downside of applying Section 3: Some insurrections are actually morally defensible. Disqualifying those who participate in rebellions fighting for a just cause is problematic. But it may be the price we have to pay for Section 3’s failure to distinguish between just and unjust rebellions against authority. Some number of unjust disqualifications may need to be accepted in order to reduce the greater menace of allowing would-be authoritarians access to the most powerful office in the land.

The rest of the article develops these points in more detail and addresses a number of potential objections.

The post My New Lawfare Article on Trump and the Use of Section 3 Disqualification as a Tool to Protect Democracy Against itself appeared first on Reason.com.

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The Next Crisis Is Anyone’s Guess, But The Government Is Ready To Lockdown The Nation

The Next Crisis Is Anyone’s Guess, But The Government Is Ready To Lockdown The Nation

Authored by John & Nisha Whitehead via The Rutherford Institute,

“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

– H.L. Mencken

First came 9/11, which the government used to transform itself into a police state.

Then the COVID-19 pandemic hit, which the police state used to test out its lockdown powers.

In light of the government’s tendency to exploit crises (legitimate or manufactured) and capitalize on the nation’s heightened emotions, confusion and fear as a means of extending the reach of the police state, one has to wonder what so-called crisis it will declare next.

It’s a simple enough formula: first, you create fear, then you capitalize on it by seizing power.

Frankly, it doesn’t even matter what the nature of the next national emergency might be (terrorism, civil unrest, economic collapse, a health scare, or the environment) as long as it allows the government to lockdown the nation and justify all manner of tyranny in the so-called name of national security.

Cue the Emergency State.

Terrorist attacks, mass shootings, “unforeseen economic collapse, loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters”: the government has been anticipating and preparing for such crises for years now.

As David C. Unger writes for the New York Times: “Life, liberty, and the pursuit of happiness have given way to permanent crisis management: to policing the planet and fighting preventative wars of ideological containment, usually on terrain chosen by, and favorable to, our enemies. Limited government and constitutional accountability have been shouldered aside by the kind of imperial presidency our constitutional system was explicitly designed to prevent.”

Here’s what we know: given the rate at which the government keeps devising new ways to establish itself as the “solution” to all of our worldly problems at taxpayer expense, each subsequent crisis ushers in ever larger expansions of government power and less individual liberty.

This is the slippery slope to outright tyranny.

You see, once the government acquires (and uses) authoritarian powers—to spy on its citizens, to carry out surveillance, to transform its police forces into extensions of the military, to seize taxpayer funds, to wage endless wars, to censor and silence dissidents, to identify potential troublemakers, to detain citizens without due process—it does not voluntarily relinquish them.

The lesson for the ages is this: once any government is allowed to overreach and expand its powers, it’s almost impossible to put the genie back in the bottle. As Harvard constitutional law professor Laurence Tribe recognizes, “The dictatorial hunger for power is insatiable.

Indeed, the history of the United States is a testament to the old adage that liberty decreases as government (and government bureaucracy) grows. To put it another way, as government expands, liberty contracts.

In this way, every crisis since the nation’s early beginnings has become a make-work opportunity for the government.

Each crisis has also been a test to see how far “we the people” would allow the government to sidestep the Constitution in the so-called name of national security; a test to see how well we have assimilated the government’s lessons in compliance, fear and police state tactics; a test to see how quickly we’ll march in lockstep with the government’s dictates, no questions asked; and a test to see how little resistance we offer up to the government’s power grabs when made in the name of national security.

Most critically of all, it has been a test to see whether the Constitution—and our commitment to the principles enshrined in the Bill of Rights—could survive a national crisis and true state of emergency.

Unfortunately, we’ve been failing this particular test for a long time now.

Indeed, the powers-that-be have been pushing our buttons and herding us along like so much cattle since World War II, at least, starting with the Japanese attacks on Pearl Harbor, which not only propelled the U.S. into World War II but also unified the American people in their opposition to a common enemy.

That fear of attack by foreign threats, conveniently torqued by the growing military industrial complex, in turn gave rise to the Cold War era’s “Red Scare.” Promulgated through government propaganda, paranoia and manipulation, anti-Communist sentiments boiled over into a mass hysteria that viewed anyone and everyone as suspect: your friends, the next-door neighbor, even your family members could be a Communist subversive.

This hysteria, which culminated in hearings before the House Un-American Activities Committee, where hundreds of Americans were called before Congress to testify about their so-called Communist affiliations and intimidated into making false confessions, also paved the way for the rise of an all-knowing, all-seeing governmental surveillance state.

By the time 9/11 rolled around, all George W. Bush had to do was claim the country was being invaded by terrorists, and the government used the USA Patriot Act to claim greater powers to spy, search, detain and arrest American citizens in order to keep America safe.

By way of the National Defense Authorization Act, Barack Obama continued Bush’s trend of undermining the Constitution, going so far as to give the military the power to strip Americans of their constitutional rights, label them extremists, and detain them indefinitely without trialall in the name of keeping America safe.

Despite the fact that the breadth of the military’s power to detain American citizens violates not only U.S. law and the Constitution but also international laws, the government has refused to relinquish its detention powers made possible by the NDAA.

Then Donald Trump took office, claiming the country was being invaded by dangerous immigrants and insisting that the only way to keep America safe was to expand the reach of the border police, empower the military to “assist” with border control, and essentially turn the country into a Constitution-free zone.

That so-called immigration crisis then morphed into multiple crises (domestic extremism, the COVID-19 pandemic, race wars, civil unrest, etc.) that the government has been eager to use in order to expand its powers.

Joe Biden, in turn, has made every effort to expand the reach of the militarized police state, pledging to hire 87,000 more IRS agents and 100,000 police officers, and allowing the FBI to operate as standing army.

What the next crisis will be is anyone’s guess, but you can be sure that there will be a next crisis.

So, what should you expect if the government decides to declare another state of emergency and institutes a nationwide lockdown?

You should expect more of the same, only worse.

More compliance, less resistance.

More fear-mongering, mind-control tactics and less tolerance for those who question the government’s propaganda-driven narratives.

Most of all, you should expect more tyranny and less freedom.

Given the government’s past track record and its long-anticipated plans for using armed forces to solve domestic political and social problems in response to a future crisis, there’s every reason to worry about what comes next.

Mark my words: as I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, if and when another crisis arises—if and when a nationwide lockdown finally hits—if and when martial law is enacted with little real outcry or resistance from the public— then we will truly understand the extent to which the powers-that-be have fully succeeded in acclimating us to a state of affairs in which the government has all the power and “we the people” have none. 

In the meantime, if all we do to reclaim our freedoms and regain control over our runaway government is vote for yet another puppet of the Deep State, by the time the next crisis arises, it may well be too late.

Tyler Durden
Wed, 09/06/2023 – 18:25

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“It Definitely Wasn’t Barack’s First Time”: Obama’s Crack-Fueled Gay Tryst Accuser Talks To Tucker

“It Definitely Wasn’t Barack’s First Time”: Obama’s Crack-Fueled Gay Tryst Accuser Talks To Tucker

Ever since Barack Obama biographer David Garrow revealed that the former president told an ex-girlfriend that he “repeatedly fantasizes about making love to men,” the internet has been abuzz over Obama’s sexual orientation – and whether Michelle Obama is actually a dude.

In his latest interview on X, Tucker Carlson sat down with Larry Sinclair, the man who for 25 years has maintained that he and former President Barack Obama engaged in drug-fueled sex acts, once in the back of a limo and another in a hotel room in Gurnee, Illinois.

Of note, Sinclair has a long rap sheet – including convictions on forgery, fraud and larceny charges. He’s served prison time in Arizona, Colorado and Florida – a history which has been widely used to discredit Sinclair’s claims which he first made in 2008 when Obama was running for president.

You’re just a guy who’s in town for the night and it sounds like you’re looking to party?” asked Tucker of the alleged encounter, in which he says a limo driver introduced him to Obama after asking for help finding someone to ‘party’ with.

There’s this guy that’s introduced to me as Barack Obama,” Sinclair replied.

“I had given Barack $250 to pay for Coke,” Sinclair continued. “I start putting a line on a CD tray to snort and next thing I know he’s got a little pipe and he’s smoking.”

To which Carlson then asked: “Even though you had sex with him twice, you did cocaine with him, watched him smoke crack twice, you had no idea who he was?”

“I had no idea who he was,” Sinclair replied, adding “It definitely wasn’t Barack’s first time and I would almost be one to bet it wasn’t his last.

Watch:

Last week Carlson foreshadowed the upcoming interview, telling the Adam Carolla show that the media was too afraid to report Sinclair’s claims in 2008.

According to Tucker, nobody dared repeat the accusation due to threats from the Obama campaign.

“‘Nobody reported it not because they were squeamish about sex or drugs but because the Obama campaign said anyone who reports on this gets no access to the Obama campaign,” he said. “So, they didn’t report on it.”

“It’s not going to change the world that Barack Obama likes dudes, I think this was well-known,” Carlson continued, adding that Obama himself acknowledged having gay impulses in a letter to a former girlfriend.

Valid counter argument?

Tyler Durden
Wed, 09/06/2023 – 18:02

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Sam Bankman-Fried Loses Appeal To Be Released From Brooklyn Jail

Sam Bankman-Fried Loses Appeal To Be Released From Brooklyn Jail

Less than a month after disgraced former crypto billionaire, Sam Bankman-Fried’s bail was revoked and he was thrown in prison – where his vegan diet and supplies of Adderall were replaced with water, bread and peanut butter – on Wednesday afternoon the crypto fraudster who desperately tried to bribe every Democrat he could find (and almost succeeded), lost an appeal asking to released from a Brooklyn jail after complaining he cannot properly prepare for his trial over the collapse of his FTX cryptocurrency exchange.

Sam Bankman-Fried leaving Manhattan Federal Court on July 26

In rejecting Bankman-Fried’s request, the 2nd U.S. Circuit Court of Appeals in Manhattan nonetheless said it would ask the next available three-judge panel to consider it.

As we reported on Aug 11, U.S. District Judge Lewis Kaplan revoked Bankman-Fried’s $250 million bail after finding that the former billionaire likely tampered with witnesses at least twice. Bankman-Fried quickly appealed, arguing he would be unable to “properly prepare” for his scheduled Oct. 3 trial from behind bars.

Prosecutors, who accused the 31-year-old of stealing billions from FTX customers to plug holes at his Alameda Research hedge fund – pushed for Bankman-Fried to be jailed after he shared the personal writings of Caroline Ellison, Alameda’s former chief executive and his onetime romantic partner, with a New York Times reporter.

Bankman-Fried has pleaded not guilty to fraud and conspiracy charges, and said he shared Ellison’s writings to defend his reputation, not to intimidate her.

Ellison is cooperating with prosecutors and will testify against him.

According to Reuters, in court papers on Tuesday, Bankman-Fried’s lawyers said the arrangement to give him several hours a day to review evidence on a laptop at the Metropolitan Detention Center in Brooklyn has proven inadequate.

They said he “lost more than four hours on Friday when he had to return to his cell for a prisoner count, and lost more time over the weekend” and let’s not even mention the fact that SBF’s Brooklyn prison is hardly known for serving the 3-Michelin star vegan meals SBF has grown accustomed to.

Sam Bankman-Fried at a hearing on Aug. 22.

The U.S. Attorney’s office in Manhattan said the jail has authorized Bankman-Fried’s purchase of a second laptop.

Bankman-Fried’s lawyers have not sought to delay the trial. Kaplan said last week that he would consider such a request.

Tyler Durden
Wed, 09/06/2023 – 17:45

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Prominent Scientist Admits To Pushing “Preapproved” Climate Change Narrative To Get Papers Published

Prominent Scientist Admits To Pushing “Preapproved” Climate Change Narrative To Get Papers Published

Authored by Steve Watson via Summit News,

A climate scientist has admitted that he pushed a “preapproved” narrative on climate change in order to get papers published in leading journals.

Patrick T. Brown told The Free Press “I knew not to try to quantify key aspects other than climate change in my research because it would dilute the story that prestigious journals like Nature and its rival, Science, want to tell.”

He continued, “editors of these journals have made it abundantly clear, both by what they publish and what they reject, that they want climate papers that support certain preapproved narratives—even when those narratives come at the expense of broader knowledge for society.”

Brown, who also lectures at Johns Hopkins, added that the biases of the editors and reviewers of journals are well known among aspiring scientists who will often omit inconvenient truths to please them, a process he says “distorts a great deal of climate science research, misinforms the public and most importantly, makes practical solutions more difficult to achieve.”

Brown admits that he regularly hyped up the impact of greenhouse gas emissions, rather than offering practical solutions, knowing that is the “clean narrative” that journals want to see.

“In my paper, we didn’t bother to study the influence of these other obviously relevant factors. Did I know that including them would make for a more realistic and useful analysis? I did,” Brown wrote, adding “But I also knew that it would detract from the clean narrative centered on the negative impact of climate change and thus decrease the odds that the paper would pass muster with Nature’s editors and reviewers.”

Oof.

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Tyler Durden
Wed, 09/06/2023 – 17:25

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Police Shooting Of Black Pregnant Woman In Ohio Could Unleash New BLM Protests, Mayhem 

Police Shooting Of Black Pregnant Woman In Ohio Could Unleash New BLM Protests, Mayhem 

As we have been documenting, now that the country is poised to enter a highly charged 2024 presidential election season (likely Biden v. Trump again), the following dictates and trends are ‘suddenly’ making a comeback

  • renewed push for Covid vaccine booster?: Check
  • masks coming back to public spaces and children’s schools?: Check
  • new MSM claims of Russia laundering propaganda through independent media sources?: Check
  • BLM and race-fueled riots in major American cities?…

This last one appears imminent, or at least just potentially around the corner, following a tragic police shooting incident of an unarmed black pregnant woman in an Ohio suburb, who immediately succumbed to her wounds.

The police body-cam footage of the killing is quickly going viral and gaining national attention, leading to intense local protests… local that is, for now.

Axios and others have documented fresh protests of increasing intensity in the township outside of Columbus where it occurred: “Police body camera footage showing a Blendon Township officer fatally shooting a pregnant Black woman has once again thrust local law enforcement into the national spotlight.”

21-year old Ta’Kiya Young died after an officer fired multiple shots through her moving car windshield at almost point blank range. She was seven months pregnant.

Kroger employees had called police to the location, accusing her of theft of alcohol. She died on the scene after the August 24 incident. But police released footage from two officer body-cams last Friday, which is now going viral.

After watching the video, Young’s family called the shooting a “hateful act” and “avoidable” – while demanding that the officer who pulled the trigger be swiftly indicted for murder. Young’s unborn daughter also died when the mother expired due to the gunshot wounds.

As an internal investigation proceeds, it seems the likely defense of the officer who pulled the trigger will be to say that he was being assaulted by a deadly weapon (namely the accelerating vehicle itself). According to local media:

In a statement on Friday, the department said the first officer, who did not fire his weapon, had his arm and hand inside the driver’s window when Young accelerated, making him a victim of misdemeanor assault. The second officer, who fired his weapon, was hit by the vehicle and a victim of attempted vehicular assault, the statement said.

…On Friday, Belford said the officer who did not fire his weapon has returned from administrative leave and is back on patrol duty.

Forbes has featured a fuller video of the lead-up, with law enforcement analysis:

It’s as yet uncertain whether Young actually stole alcohol or not (pending the investigation). Just before the shooting, she yelled back at officers that she didn’t do it.

The video has sparked fierce debate online, with many saying that this was not a “reasonable” use of deadly force. Others have have pointed to the potential for the car to have run the officer over, but at the moment the shots rang out it might be uncertain from the video the degree to which he was actually in front of the vehicle as it lurched forward. The officer may have been hit by the car. Blendon police investigators have said it is a “complex” incident. 

Axios writes that protests have begun particularly in the wake of the police shooting video emerging, and are expected to grow, given also Young’s funeral is set for Thursday

  • Police released the video on Friday, eight days after the shooting, and it spurred local protests throughout the holiday weekend. It includes graphic and violent content.
  • The largest was on Sunday, when over 100 people gathered in Goodale Park and marched through the Short North demanding justice for Young and others killed by police.

This week, more and more major media organizations and news channels are picking up the story, as the body-cam footage continues to stoke outrage. 

Are we about to witness the sudden outbreak of large-scale anti-police and BLM riots such as occurred in the summer of 2020 related to George Floyd’s death?

Tyler Durden
Wed, 09/06/2023 – 17:05

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Biden Admin Officials Subpoenaed Over Hunter Biden Tax Probe Tip-Off

Biden Admin Officials Subpoenaed Over Hunter Biden Tax Probe Tip-Off

Authored by Tom Ozimek via The Epoch Times,

Six Biden administration officials have been hit with subpoenas by House Oversight Committee chairman James Comer (R-Ky.) over allegations that the Secret Service tipped off the Biden transition team about a planned Hunter Biden tax probe interview.

Mr. Comer said on Sept. 5 that he sent letters and subpoenas to Department of Homeland Security (DHS) Secretary Alejandro Mayorkas and Secret Service Director Kimberly Cheatle as the Oversight Committee examines whether the Department of Justice (DOJ) engaged in misconduct in the Hunter Biden criminal probe.

The six subpoenas—one to Mr. Mayorkas for documents and five for depositions to Secret Service and DHS officials—include accusations that DHS employees blocked the Secret Service from sending information to Congress regarding the DOJ’s alleged misconduct in the Hunter Biden investigation.

“The Department of Justice initiated the Biden family coverup and now DHS under the leadership of Secretary Mayorkas is complicit in it,” Mr. Comer said in a statement.

“Investigators were never able to interview Hunter Biden during the criminal investigation because Secret Service headquarters and the Biden transition team were tipped off about the planned interview,” he added.

Calling it one of “many examples of misconduct and politicization” during the Justice Department’s criminal investigation of the president’s son, Mr. Comer demanded that Mr. Mayorkas provide all documents and communications regarding the alleged tip-off and Congress’ request for information about alleged DOJ misconduct.

The subpoenas also compel depositions with DHS and Secret Service employees who were involved in providing a response to congressional committees.

In a statement to The Epoch Times, a DHS spokesperson denied obstructing or withholding a response to the inquiry, asserting that staff followed standard procedures to ensure accuracy and protect sensitive information.

The Tip-off

In July 2023, an FBI whistleblower told the House Oversight Committee that the 2020 transition team of then-President-Elect Joe Biden was notified in advance that the FBI was planning to interview the president’s son, Hunter Biden, on Dec. 8, 2020.

The tip-off was previously revealed by former IRS investigator-turned-whistleblower Gary Shapley, who was responsible for overseeing the Hunter Biden investigation on the IRS side.

The FBI whistleblower, who remains anonymous, said that he opened the investigation into Hunter Biden in 2019, and the agencies later joined their probes in April 2020.

“The initial plan was to make approaches of multiple witnesses, to include subject Hunter Biden, on December 8th,” the whistleblower said, according to an interview transcript released by the Oversight Committee on Aug. 14 (pdf).

At the time, Hunter Biden was already under Secret Service protection, so the agents decided that the Secret Service needed to be notified about the planned interview to avoid confusion.

“The initial plan was to have the local field office of the Secret Service be notified the morning of [Dec. 8, 2020,] to diminish opportunities for anybody else to be notified,” the whistleblower said.

FBI and IRS agents planned to interview Hunter Biden on Dec. 8, 2020 but were told that morning to stand down, according to the FBI whistleblower.

“I was notified by my assistant special agent in charge that we would not even be allowed to approach the house; that the plan, as told to us, was that my information would be given to the Secret Service, to whom I don’t know exactly, and, you know, my name, my contact, you know, my cell phone, for example, with the notification that we would like to talk to Hunter Biden; and that I was not to go near the house and to stand by,” the FBI whistleblower said, per the transcript.

The whistleblower added that he never learned who decided on the tip-off and that, in the end, the agents didn’t manage to interview.

President Joe Biden and his son Hunter Biden attend the annual Easter Egg Roll on the South Lawn of the White House in Washington on April 10, 2023. (Drew Angerer/Getty Images)

‘Muzzling the Secret Service’

In June, Mr. Comer (along with the chairs of two other Congressional committees) asked Ms. Cheatle, the Secret Service director, to make those Secret Service employees who received the tip-off available for transcribed interviews.

Mr. Comer said Tuesday that the Secret Service was blocked by DHS from providing substantive responses to the committees.

In his statement, Mr. Comer alleged that DHS was obstructing the committee’s investigation “by muzzling the Secret Service” from providing a response to Congress.

In letters to Mr. Mayorkas and Ms. Cheatle, which were sent alongside the subpoenas, Mr. Comer alleged that the DHS Office of Legislative Affairs had “instructed the Secret Service to withhold a response the Secret Service had prepared for the committees.”

A Secret Service spokesperson told The Epoch Times in an emailed statement that DHS would be replying on behalf of both agencies.

The DHS spokesperson told The Epoch Times in an emailed statement that it was “working to respond to this inquiry appropriately, including identifying the relevant information and individuals.”

“The claim that we obstructed or withheld a response is categorically false and these subpoenas are entirely without basis,” the spokesperson continued, adding that Mr. Comer was “misconstruing” the DHS’ review process.

“DHS was following standard procedures for the review and submission of materials to Congress, which have been utilized across multiple Congresses,” the spokesperson said.

“These reviews are a normal and necessary step in the process to ensure protection of law enforcement sensitivities, matters relating to ongoing investigations, privacy and privilege issues, consistency in our responses, and more,” the spokesperson added.

In addition to issuing a subpoena to Mr. Mayorkas, Mr. Comer subpoenaed DHS Director of Oversight in the Office of Legislative Affairs K. Shiek Pal; DHS senior adviser to the general counsel Stephen Jonas; DHS Office of Legislative Affairs Assistant Secretary Zephranie Buetow; Secret Service Assistant Director in the Office of Intergovernmental and Legislative Affairs Vincent Tutoni; and Secret Service Acting Special Agent in Charge in the Congressional Affairs Program David McKeown.

Meanwhile, Hunter Biden was charged in June with two misdemeanor counts of failure to pay taxes and illegal gun possession.

Initially, Mr. Biden agreed to plead guilty to the tax crimes and have the gun charge resolved through a pretrial diversion, which would have likely spared him any prison time.

But the plea deal fell through, and Mr. Biden pleaded not guilty instead.

Tyler Durden
Wed, 09/06/2023 – 16:45

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WTI Holds Gains After API Reports Bigger Than Expected Crude Draw

WTI Holds Gains After API Reports Bigger Than Expected Crude Draw

Oil prices rallied to fresh 10-monthhighs today (9 straight days higher) as traders digested a decision by OPEC+ leaders Saudi Arabia and Russia to extend supply curbs through the end of the year.

“It was absolutely a surprise,” said Nadia Martin Wiggen, a director at commodities-focused hedge fund Svelland Capital.

“When we look toward the start of next year after these cuts, we’re going to see OECD commercial stock levels at lows we haven’t seen except in very big years.”

The big question is – will we see inventory draws continuing

API

  • Crude -5.2mm (-2.1mm exp)

  • Cushing -1.4mm

  • Gasoline -5.09mm (-1.2mm exp) – biggest draw since March

  • Distillates +310k (-200k exp)

API reports a 5.2mm barrel inventory draw, bigger than expected and will be the 4th weekly draw in a row if it carries over to tomorrow’ official data. A huge gasoline draw was also notable..

Source: Bloomberg

WTI was hovering around $87.50 into the API print and held gains after…

Goldman Sachs said that the moves by OPEC+ brought bullish risks to its outlook for prices, according to a report. The bank’s analysts outlined several scenarios, including one that saw Brent extending gains to above $100 a barrel, though they stressed that this wasn’t a base-case view.

Tyler Durden
Wed, 09/06/2023 – 16:38

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We’re Living In A Neofeudal Bubble

We’re Living In A Neofeudal Bubble

Authored by Charles Hugh Smith via OfTwoMinds blog,

If you want to understand the neofeudal reality, study these charts.

If you listen to conventional economists, everything’s rosy: thanks to the expansion of alt-energy like wind and solar, energy is getting cheaper, batteries will power the new global economy, we’re getting smarter — just look at the rising number of advanced college degrees, wages are finally growing, inflation is trending down, household balance sheets and corporate profits are strong, debt loads are not an issue yet and GDP is rising.

All this happy news is backed by statistics, of course, but there’s one little problem: all the conventional cheerleaders are living in a bubble of like-minded elites who are insulated from the neofeudal realities of life in the real world.

Outside the bubble of wealthy, protected elites that generate the statistics and the “news,” the global economy is completely, totally neofeudal–and so is the American economy. What does neofeudal mean? It refers to a two-tiered socio-economic system in which an aristocracy owns the vast majority of the wealth and collects the lion’s share of the income, and uses this financial dominance to buy political and narrative dominance.

In a neofeudal arrangement, the machinery of governance protects and enforces elite dominance. Cartels and monopolies have free rein to price-fix and exploit, tax revenues flow freely to cartels, elite organizations such as family trusts get tax breaks, and so on.

In other words, “the market” is rigged and the government maintains the status quo.

Toiling away to enrich the aristocratic owners of capital are the serfs and peasants, who own a tiny shred of income-producing capital. Their primary assets–the family home and vehicles–are actually income streams for the wealthy who collect the mortgage and auto-loan interest paid by the serfs.

The core dynamic in neofeudalism is the already-wealthy increase their share of the wealth, and everyone else sees their meager share diminish. As the charts below show, the vast majority of financial gains generated by the US economy flow to the top 0.1% of households.

The top 1%’s share has risen by 40%…

…while the bottom 50%’s share of the wealth has slipped to 3%–essentially signal noise.

Social mobility is limited to the occasional serf clawing their way into the technocrat class, the top 5% who slavishly serve the interests of the financial aristocracy. This class lives in a self-contained, protected bubble: an echo chamber of privilege, residential enclaves, jetting around the world, and so on: everything’s great because we’re doing great.

Life is good in the bubble because there’s no homeless encampment a block away, there’s plenty of money coming in and our wealth–401Ks, inherited bonds and rental property, university pensions, corporate stock options, and so on–increases smartly, year after year and decade after decade.

The Wealthy Are Not Like You and Me–Our Terminally Stratified Society (8/3/23)

That all this wealth expansion is the result of unprecedented central bank intervention is left unsaid. As noted above, the role of the state and central bank is to maintain the status quo of the already-wealthy increasing their share of the national wealth and income, and loading more (very profitable) debt on the serfs. (See student loan debt chart below.)

Outside the technocrats’ privileged bubble, wages’ share of the economy have been stripmined by the aristocracy for 45 years. Oh dear; could this be why I’m having such trouble finding low-wage reliable “help”?

While wages inch up, costs of shelter, utilities, debt, vehicles, public transport, childcare and other essentials soar. Please glance at the chart of wages and rents below. 

This is neofeudalism in a nutshell. Wages have flatlined (or fallen when measured in purchasing power) while rent has steadily increased, eating away at the serfs’ disposable income.

Inside the technocrat class bubble, everything’s wunnerful. AI will boost profits (all of which flow to the aristocracy, so that’s wunnerful), energy’s getting cheaper and more abundant, and so on.

Oh, wait. Alt-energy only looks cheap because all the full lifetime costs have been ignored (i.e. externalized), and these modest additions to our vast hydrocarbon consumption aren’t actually replacing hydrocarbons, they’re simply adding more energy for us to consume.

Thousands of Old Wind Turbine Blades Pile Up in West Texas

Avangrid agrees to pay $48 million to terminate offshore wind deal

Models Hide the Shortcomings of Wind and Solar

In other words, conventional economists and the other technocrats maintain their privileged bubble by clinging to a delusionally disconnected-from-the-real-world mindset. 

There’s always a slew of academic papers or think-tank / corporate reports to bolster the inside-the-bubble confidence that everything’s great, because generating positive narratives that leave the neofeudal structure untouched in the primary industry of the technocrat class.

If you want to understand the neofeudal reality, study these charts. There are no rebuttals, there are only sputtering obfuscations: b-b-but the mission to Mars! Taylor Swift raked in a billion bucks! OnlyFans pulled in $5 billion! Stocks are rallying! Everything’s great!

Sure–if your dose of Delusional is high enough. Then you can go back to complaining about air travel delays, finding someone to repair your pool pump and bragging about how well your investments are doing.

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Tyler Durden
Wed, 09/06/2023 – 16:20

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