14 Sep 2017

An Economic Lesson For China And Russia

By Paul Craig Roberts: Is there anyone in Trump’s government who is not an imbecile?
After years of endless military threats against Russia—remember CIA deputy director Mike Morell saying on TV (Charlie Rose show) that the US should start killing Russians to give them a message, and Army Chief of Staff Mark Milley threatening “We’ll beat you harder than you have ever been beaten before”—now the US Treasury Secretary Steven Mnuchin threatens China. If China doesn’t abide by Washington’s new sanctions on North Korea, Mnuchin said the US “will put additional sanctions on them [China] and prevent them from accessing the US and international dollar system.” https://www.rt.com/usa/403118-usa-china-sanctions-north-korea/
Here is the broke US government $20 trillion in public debt, having to print money with which to buy its own bonds, threatening the second largest economy in the world, an economy on purchasing power parity terms that is larger than the US economy.
Take a moment to think about Mnuchin’s threat to China. How many US firms are located in China? It is not only Apple and Nike. Would sanctions on China mean that the US firms could not sell their Chinese made products in the US or anywhere outside China? Do you think the global US corporations would stand for this?
What if China responded by nationalizing all US factories and all Western owned banks in China and Hong Kong?
Mnuchin is like the imbecile Nikki Haley. He doesn’t know who he is threatening.
Consider Mnuchin’s threat to exclude China from the international dollar system. Nothing could do more harm to the US and more good to China.

U.S. Pharmaceutical Industry's Latest Rent-Seeking Swindle

By Michael Krieger: For as long as I’ve been writing, I’ve argued that the U.S. economy has become little more than a gigantic rent-seeking swindle where much of the wealth being “created” isn’t being created at all. Rather, money is being shuffled around and extracted from the population at large via increasingly elaborate and preposterous schemes. Indeed, it appears much of the nation’s creative energy is being directed at discovering new corporate scams, versus the invention of new goods and services that benefit everyone.
For the latest scheme we turn, unsurprisingly, to the pharmaceutical industry and Allergan in particular. The ploy was revealed by The New York Times last week, and its pretty grotesque.
What follows are excerpts from the article, How to Protect a Drug Patent? Give it to a Native American Tribe: 
The drugmaker Allergan announced Friday that it had transferred its patents on a best-selling eye drug to the Saint Regis Mohawk Tribe in upstate New York — an unusual gambit to protect the drug from a patent dispute. 
Under the deal, which involves the dry-eye drug Restasis, Allergan will pay the tribe $13.75 million.

America's Falling Apart + Orwellian Google Thought Police

Max and Stacy ask: why is America falling apart? Two charts explain it all: a collapse in infrastructure investment – both public and private – over the past three or four decades. In the second half, Max interviews Michael Krieger about Google’s ‘major threat to democracy’ as the tech giant becomes the gatekeeper for acceptable political speech.

Cultural Marxism: Lauren Southern On The Battle For Western Civilisation & The Shag For Europe Numbers Game

TCR: Lauren Southern joins Caolan, discussing the Alt-Lite, Alt-Right, Race, the European migrant crisis & Canada.

Labour MP Darren 'Cuck' Jones Apologises - Lacking Vagina

By Mike Buchanan, J4MB: A pathetic piece in inews (‘i’), inevitably written by a teenage girl. I imagine she’s cheaper to employ than a proper journalist. Excerpts:
Darren 'Cuckold' Jones [left] announced his appointment to the Science and Technology Select Committee on Twitter, adding: “[I’m] also a bit embarrassed and apologise that it’s entirely men.”… [J4MB: Darren, strap on a pair, for goodness sake…]
MPs are appointed to select committees by nominating themselves and then being voted in. Select committees are cross-party and are used to check on the Government’s work and hold departments to account. Mr Jones told i no women from any party had put their names forward for the select committee… [J4MB: Our emphasis. Hmm, might THAT explain the absence of women on the committee? Just crazy speculation…]

China And Russia Warn The U.S. Not To Seek North Korean Regime Change

By Ting Shi and David Tweed: In supporting a watered-down version of North Korea sanctions, China and Russia had a stern warning for the U.S.: Don’t try to overthrow Kim Jong Un’s regime.
The measures passed on Monday at the United Nations Security Council included reducing imports of refined petroleum products, banning textile exports and strengthening inspections of cargo ships suspected of having illegal materials. U.S. envoy Nikki Haley called them the “strongest measures ever imposed on North Korea” even though they ended up dropping demands for an oil embargo and freeze on Kim’s assets.

More worrisome for China and Russia was Haley’s remark that the U.S. would act alone if Kim’s regime didn’t stop testing missiles and bombs. The UN representatives of both countries on Monday reiterated what they called “the four nos": No regime change, regime collapse, accelerated reunification or military deployment north of the 38th parallel dividing the Korean Peninsula.
“The Chinese side will never allow conflict or war on the peninsula,” Foreign Ministry spokesman Geng Shuang said in a statement on Tuesday.

Why The Media Loves Them?

"Sounds like the Jewish narrative that just can't be questioned. George Soros rumoured to be funding Antifa and Neo Nazis alike. ...Why? The same reason the Jewish owned media loves Antifa, the destruction of Christian morality and consciousness is in the agenda of Jewry! Destroy the symbols, the standards and the heroes of the confederacy, that is a white Christian block that Jewry fears and the Jews rule in the midst of fragmentation and instigated rivalry!" Said Ex-Jew Nathanael.

Security Contractor Says He Was Silenced By Clinton State Department On Benghazi + Libya Destroyed For Money

By Tyler Durden: In the days following the September 2012 attack on the Benghazi embassy in Libya, the Clinton State Department and Obama White House launched an all-out media propaganda blitz designed to convince Americans that the whole thing had been sparked by an 'insensitive' YouTube video that Muslims in Libya apparently found offensive. As you'll undoubtedly recall, Susan Rice became the face of that propaganda blitz after appearing on every major TV network to blatantly lie to the American public.
As punishment for her lies, Rice was promptly promoted to National Security Advisor by the Obama administration.