Iran-Backed Iraqi Militias Pour Across Border Into Syria To Bolster Assad

Iran-Backed Iraqi Militias Pour Across Border Into Syria To Bolster Assad

Widespread reports, including observers on the ground, have indicated that Iran-backed Iraqi militias have been pouring across the border into eastern Syria to assist Damascus in repelling the Islamist militant advance after Al Qaeda splinter group Hayat Tahrir Al-Sham took over Aleppo this weekend.

A Syrian army officer has told Reuters that Iraqi militia forces crossing the border are “fresh reinforcements being sent to aid our comrades on the frontlines in the north.”

Many of the fighters have been identified as belonging to the Kataib Hezbollah and Fatemiyoun groups. The US has long been in an internecine conflict with Kataib Hezbollah in Iraq, with over the years periodic rocket fire even targeting the US Embassy in Baghdad, as well as various bases which host remaining American troops.

The Iraqi militias have been staging in the area of Abu Kamal overnight. There were rumors that US warplanes attacked their positions, but these reports turned out to be untrue.

But these forces have been fully aware that the Pentagon could attack their convoys at any moment, and so have reportedly been crossing the border in small groups and using concealed roads.

At least 300 fighters, primarily from the Badr and Nujabaa groups, crossed late on Sunday using a dirt road to avoid the official border crossing, two Iraqi security sources said, adding that they were there to defend a Shi’ite shrine,” Reuters reports.

Iranian Foreign Minister Abbas Araqchi said on Monday that with regard to new fighting in Syria, “resistance groups will help and Iran will provide any support needed.” Russia has been assisting with aerial bombardments.

To recap via a note from Rabobank:

On the geopolitics front the swift dismantling of Hezbollah by Israel, and Russia’s preoccupation with its war on Ukraine appears to have come at great cost for Syria’s Bashar al-Assad. ‘Rebel’ forces recaptured the country’s second largest city of Aleppo as regime troops were left somewhat stranded by Russian, Iranian and Hezbollah allies and were consequently overwhelmed by the Turkish-backed rebels.

In a situation similar to Yemen, civil war has been raging in Syria for 13 years without attracting a great deal of mainstream interest in Western media. In the case of Yemen, that all changed once the civil war impacted upon freight transits through the Suez Canal, while in Syria the ongoing competition for spheres of influence by Great Powers (Russia, USA, China, Saudi Arabia, Turkey, Iran, Israel etc) provides a useful microcosm of the new global paradigm, but only if one cares to look.

In Lebanon, interestingly Hezbollah has said it does not plan to send its fighters “for now” to northern Syria to help Assad forces regain territory. Lebanese Hezbollah has of course been bogged down in over a year of fighting with Israel’s military, which has included the last two months of an IDF ground offensive in the south.

Hezbollah was instrumental during the first ten years of proxy war in pushing out the US-Gulf backed jihadists; however, currently it looks like Assad’s main help will come from Iran and Iraq.

President Assad was somewhat quiet throughout much of the Israel-Hezbollah war, and this could be at play in Hezbollah leadership’s current reluctance to engage in the Syria theatre of the war. But it remains that the Lebanese Shia group is still desperately trying to rebuild its command structure and replenish its resources. 

via BBC

As for the Iraqi militia presence in eastern Syria, they are likely to clash with the US-backed ‘Free Syrian Army’ and ‘Syrian Democratic Forces’ (SDF) in the area. It remains possible that US warplanes could engage as well.

Tyler Durden
Mon, 12/02/2024 – 17:20

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Cartels Demand Higher Border Crossing Fees After Trump Victory

Cartels Demand Higher Border Crossing Fees After Trump Victory

Authored by Eric Lendrum via American Greatness,

Drug cartels and other human trafficking groups have begun demanding higher fees for illegals seeking to be smuggled across the border in the aftermath of President-elect Donald Trump’s comeback victory.

As Breitbart reports, illegals at an alleged “charity” shelter in Sonora, Mexico told a Mexican newspaper that the smuggling fee has doubled in recent weeks, with Trump’s victory and impending return to office being given as a major reason.

The previous fees of $5,000 have risen to at least $10,000, as illegals from all around the world, including Africa, Asia, and Central America, try desperately to sneak into the country before Trump returns to office.

The smugglers have also increased their fees for additional services, such as using vehicles to cross private property, with these fees increasing from $15,000 to $20,000.

Fees have also risen dramatically for certain illegals based on how far they have traveled to try to enter the United States illegally.

Chinese illegals are paying as much as $55,000 per person to attempt being smuggled into the U.S.

In fiscal year 2023, at least 24,000 illegals from China were apprehended trying to cross the southern border.

Other illegals paying increased fees include illegals from Africa and the Middle East, due to their designation as “Special Interest Aliens.”

President-elect Trump once again campaigned heavily on the issue of immigration, vowing to finish building the border wall that he started constructing in his first term, and to carry out the largest mass deportation operation in American history.

He has announced former Immigration and Customs Enforcement (ICE) Director Tom Homan as his new Border Czar, with Homan repeatedly vowing to do whatever is necessary to deport as many illegals as possible.

Tyler Durden
Mon, 12/02/2024 – 17:00

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Special Counsel Rejects Hunter Biden’s Pardon, Files Scathing Rebuke In Court Case

Special Counsel Rejects Hunter Biden’s Pardon, Files Scathing Rebuke In Court Case

Last night Hunter Biden’s lawyers filed a motion to dismiss his California tax fraud case after Joe Biden issued a blanket pardon absolving him of all crimes committed over a 10 year period.

“The President’s pardon moots Mr. Biden’s pending and yet to occur sentencing and entry of judgment in this case and requires an automatic dismissal of the Indictment with prejudice,” wrote Hunter’s lawyer Abbe Lowell in the filing, adding that “this Court must dismiss the Indictment against Mr. Biden with prejudice and adjourn all future proceedings in this matter.”

Special Counsel David Weiss isn’t having it. In a Monday response in opposition, Weiss argued that “The defendant’s motion should be denied since there is no binding authority on this Court which requires dismissal.”

As a matter of past-practice in this district, courts do not dismiss indictments when pardons are granted,” Weiss wrote – citing cases involving Steve Bannon, Michael Flynn, Joe Arpaio and Ollie North, Above the Law reports. “Instead, it has been the practice of this court that once an Executive Grant of Clemency has been filed on the docket, the docket is marked closed, the disposition entry is updated to reflect the executive grant of clemency, and no further action is taken by the Court.”

Although Weiss purported not to have seen the pardon itself (which Lowell inexplicably failed to docket), he took particular umbrage at the suggestion that the prosecution was politically motivated, huffing that “The court similarly found [Biden’s] vindictive prosecution claims unmoored from any evidence or even a coherent theory as to vindictiveness.”

Judge Mark Scarsi of the Central District of California has taken no action, thus far. But in Delaware, Judge Maryellen Noreika said in a minute order that she intends to terminate the proceedings, and instructing the government to say by tomorrow if it objects to termination by dismissal. Presumably it does, although no objection has hit the docket as of this writing. -Above the Law

Hunter pleaded guilty to the tax charges earlier this year, after a Delaware jury found him guilty of lying about his drug use on a background check form used to purchase a firearm. 

In Weiss’ new filing, he writes:

“The defendant did not docket the pardon nor has the government seen it. If media reports are accurate, the Government does not challenge that the defendant has been the recipient of an act of mercy. But that does not mean the grand jury’s decision to charge him, based on a finding of probable cause, should be wiped away as if it never occurred. It also does not mean that his charges should be wiped away because the defendant falsely claimed that the charges were the result of some improper motive. No court has agreed with the defendant on these baseless claims, and his request to dismiss the indictment finds no support in the law or the practice of this district.”

Tyler Durden
Mon, 12/02/2024 – 16:36

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“They Must Be Eating Xanax Like Tic-Tacs…” – The Blob Has A Migraine

“They Must Be Eating Xanax Like Tic-Tacs…” – The Blob Has A Migraine

Authored by James Howard Kunstler,

“It’s a beautiful thing to watch the Biden family destroy the Democrat Party.”

– @Mazemoore on “X”

You can be sure the blobists have seen this coming from years away. The boys and girls in the agencies have behaved more than just a little badly, and they know it. They committed serious crimes against our country and its citizens under color-of-law since 2015, ranging from seditious conspiracy clear up to treason (say, just for instance, the case of Col. Alexander Vindman using his Ukraine connections to lever Mr. Trump out of the Oval Office in the 2019 impeachment scam.)

You have whole C-suites of agencies teed-up on RussiaGate for felonies, misprision of felonies, abuse of power, deprivation of rights, lying under oath, conspiracy to commit fraud, and much more. You have Judge James Boasberg playing games in the FISA Court he presided over; Robert Mueller and Andrew Weissmann running a two-and-a-half-year Chinese fire drill to cover-up years preceding of FBI / DOJ misconduct; John Brennan, James Clapper, and Gina Haspel abusing the “Five Eyes” intel arrangements to turn the CIA on innocent citizens at home; the fifty-one current and former intel agents colluding to bury Hunter’s Laptop to sway the 2020 election; the antics of Judge Emmet Sullivan in the Flynn case. . . .

And then on to a whole new round of frolics under “Joe Biden” including the malicious prosecutions of J-6 protesters; the pipe-bomb caper at the DNC; the use of several agencies to censor speech and manage the news media; the treasonous negligence of Alejandro Mayorkas on the nation’s borders; the DOJ-coordinated lawfare hounding of Mr. Trump and his adjacent lawyers; the Ukraine War project ginned up by the State Department’s Victoria Nuland and cohorts; and the sinkhole of greed, malice, and medical homicide that was the Covid-19 operation, millions killed and disabled, and likely more of that yet to come from the vaccines, trillions in wealth purloined or just plain lost, and businesses destroyed in lockdowns. It’s not a mere “swamp,” it’s a whole forbidden planet of turpitude.

Then there are the floaters and freelancers who move from one blob venue to the next, like lawfare artists Mary McCord, Norm Eisen, Marc Elias, David J. Kramer, or the girl-band of Lisa Monaco, Fiona Hill, Kathryn Ruemmler, Susan Rice, Samantha Power, Nellie Ohr. And finally, there are the real big fishes: Barack Obama, Hillary Clinton, Bill Gates, Anthony Fauci, Chris Wray, Merrick Garland, General Milley, and “Joe Biden.”

Add William Barr to that list for failing to reveal that he was in possession of Hunter’s laptop as early as the fall of 2019. Of course, it was crammed with exculpatory evidence that could have ended impeachment No. 1 on day one of the initial hearings, yet he never alerted President’s lawyers to its existence. Weird, a little bit. And also, for the effrontery of allowing Jeffrey Epstein to be killed in his Manhattan jail, and never offering the public a coherent account of how the cameras on the cellblock failed, or why the guards who fell asleep on-duty were disciplined with only 100 hours of “community service.”

My Gawd, they must be eating Xanax like tic-tacs in their drawing rooms and boudoirs as the name Kash Patel floats across their social media screens. Kash Patel, a real-live exterminating angel, will finally step in to the FBI Director’s office and turn the investigative powers of the FBI on. . . the FBI! And its parent, the DOJ. The poetic justice is sublime. You must wonder: how does Mr. Patel get through the RINO-infested Senate confirmation process? Start with: what have they got him? Answer: probably not a goshdarn thing, not a hair out of place. More to the point: what has Mr. Patel got on them? (Especially Messers Thune, Barrasso, Cornyn, and let’s just throw in the Democrat Mark Warner, VA, who was up to his eyeballs in RussiaGate as chair of the Senate Intel Committee.)

And were Mr. Patel to land in the FBI Director’s office 49 days from now, what additional info might he uncover about years of weaponized government with assistance from John Ratcliffe at the CIA and Tulsi Gabbard as DNI — who will access a pipeline to the vast national security server farm out in Bluffdale, Utah. So, in case you think that the document-shredding party currently underway in DC will conceal all that criminality, consider what lives forever in the alternate universe of cyberspace. There are additional NSA intel server farms in Fort Meade, MD, Augusta, GA, and San Antonio, TX, all with troves of agency emails and cell phone texts. Not to mention what whistleblowers-to-come might have saved on their thumb drives. And you may be sure that the whistles will be blowing, even while the culpable rat each other out. Remember too: there is the document dossier of FBI crimes that Mr. Trump had in his personal possession after leaving office— the reason for the FBI raid on Mar-a-Lago, August, 2022, and Jack Smith’s bullshit court case to justify it.

In a new wrinkle to things transitional, you have the news late Sunday that “Joe Biden” issued a blanket pardon to “the smartest person I know,” Hunter Biden, that covers every last criminal act he committed from January 1, 2014, to present, including bribery, wire fraud, money-laundering, trafficking minors for sex, handgun violations, tax evasion, crack-cocaine parties, and probably more.

“JB” assured America more than once that he would never pardon Hunter. Turned out to be the joke that all his utterances were supposedly not. But, really, did you expect anything else? Do you see now, also, why Hunter pled guilty to those tax charges in the LA federal court? I’ll tell you why: because in a trial all the mechanisms of the money transfers through a myriad of bank accounts would have been disclosed. And the money trail leads from the multiple accounts of Hunter’s Rosemont Seneca operation to the personal bank accounts of Biden family members, brother Jim and wife Sara, possibly Hunter’s half-sister Ashley, and, of course, “the Big Guy.” Where are their pardons? And where is “Joe Biden’s” pardon for Joe Biden?

It is unfortunate that the way forward (to a national government different in scale, scope, and disposition toward its citizens) will require so much consorting with what is past.

But it must be if consequence is to be restored as a basic element in our constitutional arrangements. You can’t just have people doing stuff outside the law because they feel like it.

Tyler Durden
Mon, 12/02/2024 – 16:20

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“Cold Weather Fails To Persist” Across Lower 48 Could Stall NatGas Rally

“Cold Weather Fails To Persist” Across Lower 48 Could Stall NatGas Rally

Goldman’s Thomas Evans distributed a note to clients this morning highlighting that the latest weather models show the Arctic cold blast, in place last week, is “failing to persist” across portions of the Lower 48, which could potentially cap the recent natural gas price rally. 

“A feature of winter weather in recent years has been an inability to persist cold patterns for two weeks at a time. This looks to continue with this upcoming cool stretch giving way to broad warmth returning across East and South in the 11-15 day,” Evans wrote in the note. 

He said, “The models have not broken down the strong West coast to Alaska ridging that had been instrumental in funnelling cold air from Canada into the US – and for the moment just have the cold air retreating back into Western Canada.” 

“If the ridging can be maintained there’s a chance for another cold pattern for the East at the end of December, however the Polar Vortex is strong, which will make it harder to see serious cold spilling down from the Arctic,” Evans noted. 

The latest weather models via Bloomberg show Lower 48 average temperatures are expected to rise above a 30-year trend into the mid-point of the month after a deep chill last week across the eastern part of the US. 

Evans provided color on what’s happening in NatGas markets:

The market needed to bring some production back ahead of the current cold shot, and priced to do so over the course of last week. With production >4.5 Bcf/d above it’s low in early November, producers have provided some reassurance that they’ll be active in cash.  This reassurance coupled with a breakdown of the colder-than-normal weather pattern is being reflected in vol market softening today. While breakevens still look a little rich, call skew still scans as the more expensive expression in the front.

Meanwhile, in fixed price, we estimate CTAs flipped from short to long over the course of the past couple weeks – that new length looks vulnerable to any further deterioration in the weather outlook. If the balance of Dec rolls forward with a warmer outlook and Jan sells off below $3, the market will still want to keep some delivery risk (storm) premium in the F/H.  With H/J already back to ~2c, this will put pressure on widening the J/F unless the market wants to take premia out of the C26.  Given the path to balance tightening with LNG growth (and no new rigs going down in Haynesville) into X25H26, this (wider spreads, elevated back end) may be the right path forward, even though J/V is already wide for this point in the season.

NatGas futures trading in New York has jumped 52% since mid-October due to cold weather trends across the Lower 48. Prices have since hit resistance around $3.50 per million British thermal units. 

Latest NatGas coverage:

Keep an eye on 6-10-day and 8-14-day temperature outlooks via NOAA

Tyler Durden
Mon, 12/02/2024 – 15:45

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Yes, Mexico Knows Exactly What It Is Doing

Yes, Mexico Knows Exactly What It Is Doing

Authored by Victor Davis Hanson via American Greatness,

President-elect Donald Trump recently had a “talk” with newly elected Mexican President Claudia Sheinbaum about the millions who have crossed through Mexico to enter the U.S. illegally.

Afterwards, Trump reported that their conversation went well, and supposedly both had agreed to secure the U.S. border.

But given long-standing, de facto Mexican policy to rely on and profit from an open U.S. border, it was not long afterwards that Sheinbaum claimed she had not been so accommodating.

Or, as she now put it of the Trump conversation, “I give you the certainty that we would never—and we would be incapable of it—propose that we would close the border.” And of course, she is right: Mexico never would wish for a secure U.S. border, although it is wrong that she is incapable of guaranteeing one should she choose to do so.

What, then, is going on?

Over the last half-century, Mexico has gradually, even insidiously, developed both a one-sided, asymmetrical relationship with the U.S. based on professed mutual benefit and yet sought to leverage America by claiming it is supposedly guilty for two centuries of oppressive treatment.

How does the strange U.S.-Mexico supposed co-dependence seem to work?

The Mexican government has traditionally seen the U.S. as an endlessly wealthy country, liberally governed, and more or less willing to listen to Mexico’s grievances of the sort that are common in asymmetrical partnerships.

About 60 percent of the Mexican people traditionally in polls have voiced a positive view of the United States, yet a surprisingly low number when considering the millions who try to cross its border illegally each year.

Nonetheless, Mexico for decades has conveniently explained the vast influxes across the border, unaudited and illegal, as largely in America’s interests – and mirabile dictu even to Mexico’s disadvantage. Polls tell, however, a vastly different and far more accurate story.

Logically, some 61 percent of Mexicans in a recent 2024 Pew Center Research Poll voiced favorable views of the United States, whose open borders, generous welfare systems, billions of dollars in remittances, and now-defunct immigration laws they see as entirely in their interest. In contrast, 60 percent of Americans, one of the highest numbers on record, now hold unfavorable views of Mexico, perhaps because of the cynical harm it has done through a perforated border.

Mexico says its emigrants, along with those from Central and South America who cross its own borders with relative ease—often with tacit support—supply America with generations of industrious, low-cost labor, robbing it, in a sense, of millions of its own citizens.

It adds that the attractions of El Norte mean that Mexico must put up with human caravans crossing its own sovereign territory to supposedly meet the hungry American demand for labor, drugs, and sex. Indeed, nearly every recent Mexican president has argued that America’s thirst for lethal fentanyl is responsible for the creation of Mexican cartel lords that now run large swaths of Mexico itself.

However, the problem with such ancient and modern disingenuousness is that even if the United States accepted these excuses, apologized, and promised to close the border and keep clear of Mexican affairs, Mexico would grow even more irate. The reason why is that the current relationship has now grown unbalanced to the point of absurdity—sometimes evidenced in past polls that revealed a majority of Mexican citizens both believed in the mutually exclusive propositions that the American Southwest properly still belongs to Mexico and yet they wished to leave Mexico to emigrate to a non-Mexican northward if given the chance.

In truth, Mexico would face insolvency if it did not receive its current some $63 billion in U.S. remittances, largely sent by its own people who crossed into the U.S. illegally. Trump talks of levying a 25 percent tariff on Mexican imports should Mexico not cease undermining the American border. An additional lever would perhaps be to slap a 30 percent tax on all remittances sent from the U.S. to Mexico. That would both encourage capital to stay in the U.S. and raise over $20 billion in excise fees, more than enough proverbially to “pay for the wall.”

However, such largess is still more one-sided since much of the remittances are made available through not just the industriousness of Mexican expatriates but also the generosity of American taxpayers. Their multifaceted subsidies to the undocumented free up billions for them to help support millions of Mexico’s poor in a fashion that Mexico City apparently is either unable or unwilling to ensure.

The annual flight of millions from Mexico is a sort of updated version of Frederick Jackson Turner’s “frontier safety valve theory” of the American West. Accordingly, the Eastern poor and potentially rebellious fled westward in hopes of a new, better life rather than marching on Washington for cancellation of debts or redistribution of property. Mexico City apparently feels that without their own El Norte “frontier,” millions of southern and indigenous Mexican citizens might instead head en masse to Mexico City.

As for the cartels, Mexico knows well that China sends raw fentanyl to its country unimpeded, where cartel factories prepare it for export to America’s addicted and recreational users. There, disguised as less toxic drugs and even foodstuffs, fentanyl will end up killing up to some 100,000 Americans a year—an annual death toll nearly double the total number of U.S. fatalities in the Vietnam War.

Mexico, which also helps China avoid tariffs on its exports to the U.S. by assembling its products in NAFTA and tariff-free Mexico, certainly knows that the Chinese seek both to profit from its cartel ties and to kill Americans and undermine its security in the bargain.

The macabre gambit is likely seen as the Chinese version of an updated Opium War payback, with the twist that the former addicts are now the suppliers.

In an equally sick way, the cartels infuse into the Mexican trickle-down economy, albeit in nefarious and criminal ways, some $30 billion in additional U.S. dollars from Americans addicted to imported Mexican-made drugs tailored for the U.S. market. The presidents of Mexico usually say little about this second source of billions in U.S. foreign exchange or claim American addicts, not Mexican suppliers, explain the growing death and destruction on both sides of the border.

While in office, former President Obrador often said strange things. Two of the most pugnacious were his high-five boast that some 40 million of his own citizens had fled Mexico to cross the border: “Just imagine. There are 40 million Mexicans in the United States—40 million who were born here in Mexico, who are the children of people who were born in Mexico.” (Obrador never explained why his own citizens would willingly flee their own country to a nation habitually caricatured in the Mexican press as racist and exploitive.)

Obrador also periodically delighted in interfering in US elections by urging Mexican expatriates in the U.S. to vote against all Republicans, presumably because they seemed at times to threaten to kill the Mexican golden goose of illegal immigration.

Indeed, in 2023, Obrador urged American Hispanics to never vote for Ron DeSantis’s presidential primary campaign—an irony given Mexico’s chronic complaint of Yanqui interference in Latin American politics.

Obrador believed, as many presidents before him no doubt concurred, that the 40 million expatriates and Mexican-American children, if they were distant from Mexico long enough, would romanticize the country, and so, like most immigrants, become a powerful lobbying force on Mexico’s behalf.

In La Raza literature of the past, and in Mexico’s chauvinistic moments, illegal immigration was envisioned as the ironic response to the ancient “theft’ of the American Southwest. The problem with that thesis is that most Mexicans, as polls have shown, would prefer to live in an American Southwest than a Mexican south.

And it is also increasingly likely that Mexican-Americans will be more prone to vote for border security than open borders—again further proof that their self-interest as patriotic Americans trumps Mexico’s cynical attempts to use them as political pawns. If those trends continue, the American Left and the Mexican government may well lobby for a secure border, in fear they are only augmenting a growing MAGA constituency.

In sum, Mexico understands the myriad ways that an open border, the destruction of U.S. immigration law, illegal immigration, and emigration of millions of its own citizens to America are entirely in its own interests and so hopes to see the continuation of the Biden-Harris-Mayorkas appeasement.

But, given the huge numbers of human trafficking, the chaos, the drugs, the violence, and the financial costs of supporting millions, an open border is increasingly seen by Americans as not to their advantage—as we saw in the recent Trump victory. That reality, not the rhetoric of Mexican presidents, will govern all future negotiations—a truth that President Sheinbaum should digest before she sounds off about a border that she knows her country has done so much to deliberately destroy—and to America’s detriment.

Tyler Durden
Mon, 12/02/2024 – 15:25

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The Democratic Diaspora: Liberals Seek Safe Spaces After Democracy Prevailed In 2024

The Democratic Diaspora: Liberals Seek Safe Spaces After Democracy Prevailed In 2024

Authored by Jonathan Turley,

Democrats who campaigned on the need for “joy” and “saving democracy” are strikingly unjoyful about the results of the democratic process in 2024.

Before the election, slips like the one of President Joe Biden calling Trump supporters “garbage” were immediately denied or deflected. But once voters had given the Republicans control of both houses of Congress, the popular vote and the White House, leading Democratic figures and celebrities dropped all pretense of civility. They are now being open about their contempt for voters, calling them “f—-ing morons” and “arrogant, ignorant” adolescents.

After calling for Americans to come together for Kamala Harris, MSNBC’s Joy Reid sent out a heart-warming holiday message to those who voted for the GOP to “make your own dinner, MAGA. Make your own sandwiches, wipe your own tears.”

Those not wallowing in Reid’s anger are increasingly voicing themes of isolation, insurrection and secession.

For years, the contempt for Trump voters has been open and obvious in much of the media.  The “Let’s Go Brandon” movement captured the lunacy of the press and politicians simply denying what citizens could see, hear and experience for themselves.

When asked for answers on issues like the economy and immigration, Harris paraded an army of celebrities to tell the public how to vote — shiny objects that they thought would be enough for shallow American voters.

They were wrong. Now that the public has made its choice, leading figures are condemning the majority of voters as a mix of misogynists, self-haters and fascists. Whoopi Goldberg, 69, even joined the “4B” sex strike against men. Others seem to be morphing into exactly what they said Trump would become as president: isolationist and insurrectionist.

Some have responded to the losses by retreating further into echo chambers protected from opposing views. Many dumped X in favor of BlueSky, a new social media safe space for liberals who fear being triggered by opposing views. Notably, censorship advocates such as Nina Jankowisz have fled to BlueSky.

The site is portrayed as a return to the good old days when liberals controlled all of the social media and maintained a massive censorship and blacklisting system over political discourse.

New York Times tech reporter Kevin Roose wrote a column last week that offered the familiar “I can breathe again” account: “After an hour or so of scrolling through Bluesky the other night, I felt something I haven’t felt on social media in a long time: free.”

It is the ultimate irony. This election shocked many on the left precisely because they were writing and commenting on each other within their hardened media and political silos. They are unlikely to improve themselves by receding further into that safe space to rave about the “f—ing morons” who make up the majority of America.

Other Democratic politicians have moved beyond the chest-pounding of leaders like Illinois Gov. J.B. Pritzker (D) to pledges of more direct obstruction or inflammatory rhetoric.

Denver mayor Mike Johnson (D) declared that he was preparing the Mile-High City for its “Tiananmen Square moment” to fight the federal government in any attempt to deport unlawful migrants. Johnson warned that he would have not only Denver police “stationed at the county line to keep [ICE] out” but also “50,000 Denverites.”

Not long ago, Democrats were calling similar protests an “insurrection.” Johnson later walked back his remarks but insisted that his city would fight federal efforts to enforce the immigration laws.

Rather than such trench warfare, most Democratic governors and mayors are simply pledging not to cooperate with federal authorities, which is a lawful choice. The concern, however, is how others will react to the overheated rhetoric for months that this will be “our last election” and that Trump is the new Hitler.

Such rage rhetoric gives people license to say and do things they would not ordinarily say or do. Leaders calling on citizens to “fight” ICE and the “fascists” can easily inspire violence, as we have seen in past years. Indeed, that was the very premise of the criminal case against Trump supported by many of these same leaders, alleging that his calls to “fight” against certification was a call for insurrection.

Some liberals are very publicly fleeing the country. Sharon Stone (who called American voters “uneducated”) is reportedly off to CanadaEllen DeGeneres and Portia de Rossi are off to a mansion in Cotswolds in England. Democratic megadonor Reid Hoffman is also reportedly exploring a departure from the country after his millions of dollars failed to produce a victory for Kamala Harris.

Some, however, want to take part of the country with them. New York State Sen. Liz Krueger (D-Upper East Side) has received praise for her call for New York to join Canada. Where Alexandre Dumas believed that ‘Nothing succeeds like success,” some believe that, after losing an election, nothing succeeds quite like secession.

Krueger previously sought to block Trump from the ballot in the name of protecting democracy. That would have barred the 45 percent of New Yorkers who voted for the president-elect, but those voters would find themselves either Canadians or refugees under her proposal.

Krueger suggested that secession simply makes sense when the majority of the country disagrees with you. She believes New York, Connecticut, Massachusetts and Vermont could form a new Canadian province.

“I got back some unofficial responses and heard this is probably sellable in Ottawa,” she said.

“And look, if we were Europe, in the length of time we’ve been a nation, for Canada, if we were European countries, our borders would have moved around 20 times by now, right?”

She explained that this is all just “thinking outside of the box.”

The box that she and other liberals find themselves in is called “democracy,” and they don’t like it.

Just for the record, the last time people thought “outside the box” and seceded, we got a war with roughly 700,000 people killed.

Yet, assuming New Yorkers can get used to milk in a bag and cheese curds as a snack, there may be an obvious appeal for the left in the True North. Formerly “strong and free,” Canada has become a nightmare for free speech with the ever-expanding criminalization of political speech. One professor, who said that Trump’s plans to combat censorship has left many frightened, said that if free speech protections are restored, “I will be on a plane [out of America].”

For New York Times reporters and officials alike, they will be able to “breathe again” in the controlled, regulated air of censorship countries like Canada.

The only challenge for our displaced and disgruntled diaspora will be that Canadians tend to be nice.

*  *  *

Jonathan Turley is the Shapiro professor of public interest law at George Washington University and the author of “The Indispensable Right: Free Speech in an Age of Rage.”

Tyler Durden
Mon, 12/02/2024 – 14:45

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Trump Warns Hamas Of “Hell To Pay” If Hostages Aren’t Freed Before Inauguration

Trump Warns Hamas Of “Hell To Pay” If Hostages Aren’t Freed Before Inauguration

It’s no secret that President-elect Donald Trump is firmly in support of Israel, despite that after a year of Israeli war in Gaza the civilian death toll is in the multiple tens of thousands. Trump has stacked key national security positions with pro-Israel hawks. 

This is why it comes as no surprise that he’s already talking tough, threatening escalation if Hamas and Palestinian militants in Gaza don’t immediately free the remaining Israeli hostages. “Everybody is talking about the hostages who are being held so violently, inhumanely, and against the will of the entire World, in the Middle East – But it’s all talk, and no action!” Trump began a post on his Truth Social.

He is warning that there will be “hell to pay” if Hamas doesn’t release the captives. “Please let this TRUTH serve to represent that if the hostages are not released prior to January 20, 2025, the date that I proudly assume Office as President of the United States, there will be ALL HELL TO PAY in the Middle East, and for those in charge who perpetrated these atrocities against Humanity,” Trump continued in the statement.

He then warned in the stern statement [emphasis ZH]:

Those responsible will be hit harder than anybody has been hit in the long and storied History of the United States of America. RELEASE THE HOSTAGES NOW!

Given broad swathes of Gaza have already been pulverized into dust, it’s hard to see how the Strip could be hit any harder, also given US-supplied bunker buster bombs have been used against dense urban areas.

A total of 97 hostages remain unaccounted for, though many have been feared dead after over a year of fighting in the Strip. Israel has said that 251 Israelis and foreigners were taken on October 7, 2023.

Recent analysis in The Washington Post tallied that 117 hostages have been freed or rescued, with the bulk of this figure having come as a result of the November 2023 short-lived truce deal.

Israel’s military and intelligence believes that a total of 63 hostages remain alive. They have been in captivity for over 420 days, amid worsening conditions. Israel says that 71 have been confirmed killed, but without revealing the precise circumstances of their deaths.

“The hostage whose death was most recently confirmed by Israel is Idan Shtivi,” Washington Post writes. “There are 34 hostages reported killed whose bodies have not been recovered and remain in Gaza.”

Prime Minister Benjamin Netanyahu will surely take this new statement as a mandate from Trump to keep fighting. Efforts at achieving a new truce completely fell apart within the last weeks, and Israel appears bent on pursuing a military solution.

Given the situation is now essentially a ‘fight to the death’ scenario, Hamas and Palestinian Islamic Jihad are unlikely to care much about Trump’s threat. The terror groups likely see the remnant hostages as the only remaining leverage they have left.

Tyler Durden
Mon, 12/02/2024 – 14:25

via ZeroHedge News https://ift.tt/3fanJTX Tyler Durden

If Cash Is King, Is The King Dying?

If Cash Is King, Is The King Dying?

Authored by Gregory Copley via The Epoch Times,

Much of the world is at a pivotal stage in the future of money. If the physical symbolism of cash is removed or diminished, so too is individual freedom and much of the inspiration for entrepreneurship.

Proposals to make cash entirely digital gives a new meaning to governments as “controllers of the currency”; it makes them controllers of the lives of individuals.

Economists, politicians, and the avaricious tend to think that cold, hard cash – the physical kind – merely gets in the way of a deal which can be “interpreted” in many invisible currency forms, such as credits, promissory notes, and abstract assets.

Nonetheless, it is currency which reflects the prestige and power – or lack of them – of a society.

The bulk of the “value” or wealth of most societies today, however, is measured not in currency or hard assets, such as real estate or manufactured items, but in the abstracts of economies, such as creditworthiness. Our wealth, somehow, is “up in the air” out there, somewhere, to a far greater degree than at any time in human history. The old control mechanism of economic leaders, money supply (the physical amount of currency notes or coins in circulation, an aspect known as M1), no longer counts for much, a reason why central banks are less than effective in controlling economic trends.

How does this augur for the future stability of economies or the security of societies?

It first must be recognized that all currencies are “artificial” forms of value exchange. A dollar is worth a dollar if we believe it represents a dollar’s worth of value. And if inflation consistently reduces the purchasing power of that dollar (or euro, or pound, and so on), then at some stage the public will lose faith in it. Significantly, that “faith” parallels and is the handmaiden of trust in the government which issues the currency. It gets down to the reality that currency, governments, prestige, and influence—strength—are all given power only by the mind.

When a society loses its belief in the value of a currency or a government, or if a nation loses its willpower or confidence, then the currency or the government or the nation collapses. And when the overwhelming amount of wealth is measured digitally, rather than in the physical imagery of printed or minted money, it is difficult for it to be seen as anything other than transitory and ephemeral.

U.S. society has had such a sentimental association with its coinage—even the one-cent (penny) piece—that successive U.S. governments have been unwilling to risk public wrath by abandoning it. And this sentimentality has played a strong role in the limiting of inflation over the decades. That may be at an end as the U.S. government has toyed with moving to forms of a digital currency which could be used to control the movement and attitudes of all citizens. This has occurred in the People’s Republic of China.

Bluntly put, the digitalization of money is a major component in the infringement of freedom, given that digital currency is controlled not only by a central (governmental) authority, which can open or close access to funds, but is also dependent upon the absolutely unbroken delivery of electricity supply through a highly-complex structure of communications and computer links. Little wonder, then, that cryptocurrencies have gained some appeal, because they are, ostensibly, outside the grasp of governments. But they are not outside their dependence on electricity.

The appeal, then, of gold as a trading currency has increased in direct proportion to the distrust in governments, but, again, gold is an artificial currency in that it only represents value because of its global recognition and relative rarity. Gold cannot be eaten; nor can it, in itself, represent shelter or security. It is another abstract, supported as a psychological hedge against the fiat currencies of governments. Gold’s value is sustained by the fact that it is one of the “noble metals”—metals which resist corrosion—but it is only one of a number of such metals, all of which have some industrial value as well.

Where there is a significant overlapping between government-issued currencies and gold or silver coins is in the prestige given to the money by the appearance of a sovereign’s head on the paper or coin. This gets back to the concept of the psychological value of currency, tying it to the prestige of the sovereign, an image above party politics. This places great importance on the design and quality of the currency, to give it—particularly in the case of coins—an intrinsic as well as symbolic value.

The United States and other republics have had prestigious coinage, and these coins have usually had an iconic leader on them, and are minted continuously after the death of the figurehead (in the United States, such figures as Washington, Lincoln, or Benjamin Franklin). They have, like the new coins and banknotes now appearing with King Charles III on them, an imagery stimulus value; in short, prestige.

The world can no longer grow consistently without abstract forms of credit and currencies, given the reality that economic growth trajectories are driven by the ability to turn money over as frequently as possible.

So it is not that a return to a physical cash economy is desirable. Rather, it is important that the basis of a country’s economic stability is intrinsically tied to the prestige which its physical currency holds.

Inflation is—or was—held in check when the values of small coins were retained.

Many of us no longer bother to keep coins in our pockets. We relegate them to a storage jar in the kitchen. Some no longer carry paper currency. We rely on credit or debit cards, or their equivalent accessed through a cellphone (good only as long as it has electrical power). Much of this is a tribute to inflation, or the relegation of purchasing power to thoughtless electronic transactions, reflecting wealth in a world which lives only as long as the electrical spark survives.

A silver Maria Theresa thaler, however, will see you fed in areas where credit cards and modern currencies have no sway, in the mountains of Oman or Ethiopia, or the vastnesses of Arabia or Africa. Empress Maria Theresa, whose face is on the coin, ruled only from 1740 to 1780. She would have died contented if she had known how her prestige governed the lives of so many people more than 200 years after her death.

*  *  *

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden
Mon, 12/02/2024 – 14:05

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US Bitcoin Reserve Is Possible, But Not Without Downsides

US Bitcoin Reserve Is Possible, But Not Without Downsides

Authored by Stephen Katte via CoinTelegraph.com,

During his 2024 election campaign, United States President-elect Donald Trump made many crypto-related promises, including establishing a “strategic Bitcoin stockpile.” The idea has since picked up steam both in the United States and abroad. 

While there has been plenty of talk, a clear roadmap and timeline for the implementation of a Bitcoin strategic reserve haven’t been hashed out by lawmakers yet. 

Speaking to Cointelegraph, Tim Ogilive, global head of institutional at crypto exchange Kraken, said at its core, establishing a strategic Bitcoin reserve is a “straightforward process.”

Source: Michael Saylor

“A sovereign buys Bitcoin and secures it with a qualified custodian. This parallels how governments manage other strategic reserves, like gold in Fort Knox or oil in national stockpiles,” he said.

“Bitcoin’s digital nature doesn’t change this fundamental principle — commodity reserves require the proper infrastructure and expertise for storage and security,” Ogilive added.

According to Ogilive, El Salvador and Bhutan have already “proven that a reserve is feasible,” showing that the primary barriers to setting it up are not “technical or market-driven.”

In 2021, El Salvador adopted Bitcoin as a legal tender and bought about 200 coins. The country has since increased its holdings to 5,942 Bitcoin as of November, worth $571.6 million at current prices. 

Bhutanese officials confirmed in 2024 that the kingdom had been mining Bitcoin since April 2019 and still holds about 12,206 Bitcoin, after selling 367 on Nov. 15, worth about $117.9 million at current prices. 

A Bitcoin reserve is not without drawbacks

In July, US Senator Cynthia Lummis introduced a bill to establish a Bitcoin strategic reserve. Pennsylvania lawmakers also introduced legislation in the state’s House of Representatives to permit its treasury to hold up to 10% in Bitcoin.

Polish presidential candidate Sławomir Mentzen has vowed to create a Bitcoin reserve if he wins next year’s election. A newly proposed bill in Brazil’s Congress is also aimed at establishing a sovereign federal Bitcoin reserve. 

Source: Sławomir Mentzen

Along with the positives of the concept, such as a Bitcoin reserve being a hedge against inflation and the growth value possibly helping reduce debt, there are also concerns. 

A few drawbacks that have been flagged are the volatility of the market eroding the value of the reserve, storing the Bitcoin securely so it isn’t hacked or stolen and keeping any private keys so they aren’t lost

Ogilive says another potential issue may be the concentration of ownership. If a government such as the US started accumulating large amounts of Bitcoin, it could “initially concentrate ownership.” 

In the long run, though, Ogilive thinks it could ultimately bolster Bitcoin’s long-term narrative as the “premier store of value”.

Timothy Cradle, chief compliance officer at cross-border blockchain payment service Instarails, told Cointelegraph that while a Bitcoin reserve is possible, he is unsure if government involvement in crypto would be without hiccups.

Governments haven’t always made outcomes for the crypto industry, with the US Securities and Exchange Commission (SEC) under the Biden administration causing plenty of headaches for crypto firms with record numbers of fines and penalties in 2024. 

“If the US government holds Bitcoin, then it takes an interest in the price of Bitcoin, which further means it will implement policies to manipulate the price, up or down, at times when it needs to do so,” Cradle said.

“If you go back to as recently as 2022, President Joe Biden released 200 million barrels of oil from the strategic petroleum reserve to mitigate price spikes caused by the Russian invasion of Ukraine.”

Cradle speculates that with a strategic Bitcoin reserve, the president might unilaterally drop the price of Bitcoin in the same way. 

“I would also be curious how they decide to fill the reserve,” he said.

“If, as has been discussed, they choose to withhold Bitcoin seized and held by the US Marshals Service, this could create a perverse incentive to seize more over time and be more aggressive in seizures,” Cradle added.

The US government already holds about 213,297 Bitcoin worth over $2 billion, acquired through seizures, with the largest portion coming from shutting down the online the Silk Road black market in 2013. 

According to CoinGecko, governments around the world hold about 2.2% of Bitcoin’s total supply, some 471,380 Bitcoin. 

Governments around the world are collectively one of the largest Bitcoin holders. Source: CoinGecko

Accumulating more Bitcoin for the reserve could prove tricky. According to the Blockchain Council, more than 19.7 million Bitcoin have been awarded to miners in block rewards. 

Bitcoin’s pseudonymous creator Satoshi Nakamoto’s white paper dictates that only 21 million are available, meaning most are already in circulation.

Cradle said that while the idea of a Bitcoin reserve is feasible, he doubts it will happen soon because there doesn’t appear to be a clear rationale for the US government.

He agrees that a possible upside could include safeguarding economic stability and enhancing national security through financial independence, but “if or how well Bitcoin supports these outcomes remains to be seen.”

“At best, I would expect an executive order to explore the possibility of establishing a reserve and a final report by the end of the year with a definitive recommendation,” Cradle added.

Bitcoin reserve roadmap doesn’t exist yet 

A growing list of firms have taken the plunge and added Bitcoin to their balance sheets this year, including YouTube alternative Rumble, artificial intelligence company Genius Group and Japanese investment firm Metaplanet. 

Michael Saylor’s MicroStrategy tops the list with 386,700 Bitcoin, worth about $37 billion, according to the firm’s portfolio tracker.

MicroStrategy has been steadily acquiring more Bitcoin for its stash, which is now worth over $37 billion. Source: Saylor Tracker

Steven Lubka, head of private clients at the Bitcoin platform Swan Bitcoin, told Cointelegraph that a government looking to create a Bitcoin reserve would have a few options.  

“It can be a stockpile where they just hold the Bitcoin they already have. This can be done with the stroke of a pen by the president. It is the easiest form,” he said.

“Second, you can have a reserve where the US actively buys Bitcoin below a certain size; this can also be done by the executive easily above a certain size, meaning above a certain amount of purchases per year, you do need congressional buy-in,” Lubka added. 

According to Lubka, a Bitcoin reserve has minimal downsides, numerous benefits and could become a reality since a number of pro-crypto candidates were elected to the US Congress. 

Hundreds of pro-crypto candidates won seats in Congress, and industry leaders have suggested the US government will become the most pro-crypto in history, which should result in a more favorable regulatory environment. 

“The upsides of a reserve are that it stabilizes the US balance sheet. It allows the US in times of treasury market dysfunction or war to not be taken out by its adversaries, impairing the functioning of its debt market,” he said. 

“This is an important strategic option for the country and one that most people discount. I think the downsides are minimal. This isn’t a lot of money for the US. It costs us almost nothing,” Lubka added. 

Bitcoin reserves a forward-thinking approach 

Bil Qian, chairman of crypto investment firm Cypher Capital, told Cointelegraph that a strategic Bitcoin reserve isn’t only feasible — it’s a forward-thinking approach that “aligns with the evolving global financial landscape.”

An October report from crypto financial service MatrixPort found that global cryptocurrency adoption is approaching a significant milestone, with 7.51% of the world’s population now using digital currencies. 

“Top VCs involved in blockchain have long seen the strategic importance of Bitcoin for sovereign nations, leading places like Abu Dhabi to launch a reserve through its sovereign wealth fund back in 2022,” Qian said.

“As sovereign nations and publicly listed companies continue to enter the market, Bitcoin’s value proposition will only strengthen, likely resulting in significant price appreciation,” he added. 

Tyler Durden
Mon, 12/02/2024 – 13:25

via ZeroHedge News https://ift.tt/S25Bsp8 Tyler Durden