Wednesday, March 9, 2022

"We WERE There..."

"Someday stars will wind down or blow up. Someday death will cover us all like the water of a lake and perhaps nothing will ever come to the surface to show that we were ever there. But we WERE there, and during the time we lived, we were alive. That's the truth - what is, what was, what will be - not what could be, what should have been, what never can be."
- Orson Scott Card
 
"Now the voices and the sound of movement were gone, and the stream could be heard running quietly under its banks. The air was full of the scent of water and of flowers. She walked, quiet, while the house began to reverberate: a band had started up. She walked beside the river while the music thudded, feeling herself as a heavy, impervious, insensitive lump that, like a planet doomed always to be dark on one side, had vision in front only, a myopic searchlight blind except for the tiny three-dimensional path open immediately before her eyes in which the outline of a tree, a rose, emerged then submerged in dark. She thought, with the dove's voices of her solitude. Where? But where. How? Who? No, but where, where… Then silence and the birth of a repetition. Where? Here. Here? Herewhere else, you fool, you poor fool, where else has it been, ever…?"
- Doris Lessing

"How It Really Is"

 

Gregory Mannarino, "Be Ready! Global Debt Will Double From Here - Rapidly. This Is What You Need To Know"

Gregory Mannarino, AM 3/9/22:
"Be Ready! Global Debt Will Double From Here - Rapidly. 
This Is What You Need To Know"

"Gas Prices Hit $7 In Some US Cities"

Full screen recommended.
Fox News, "Gas Prices Hit $7 In Some US Cities"
Full screen recommended.
Tucker Carlson, "You Are About To Get A Lot Poorer"
"Fox News host reacts to Biden banning Russian oil and natural gas imports."

"Major Shortages At Target, And Prices Are Getting Ridiculous!"

Full screen recommended.
Adventures with Danno, AM 3/9/22:
"Major Shortages At Target, And Prices Are Getting Ridiculous!"

"Putin’s Options"

"Putin’s Options"
by Jim Rickards

"There’s no doubt that the financial sanctions put on Russia by the U.S., the U.K., EU members and others are the most severe ever imposed. The U.S. Treasury has announced 15 separate sanctions programs in recent days and no doubt more are on the way. The targets of these sanctions include Russian banks, Russian stocks and bonds and various payment channels. Most significantly, the U.S. froze the accounts of the Central Bank of Russia. That’s the first time a major central bank’s assets have been frozen since the Cold War, and possibly ever.

Yet the financial attacks on Russia go far beyond official sanctions. Numerous private companies including Microsoft, Exxon Mobil, Shell and some major airlines have ceased their business activities in Russia. Visa and Mastercard have stopped accepting credit card charges from Russia. Google and Apple have turned off the mobile payment apps on phones held by Russian citizens.

Shipping giant Maersk has stopped its vessels from unloading or taking cargo from Russian ports. Stock index funds are pushing Russian companies out of their indexes and the Norwegian sovereign wealth fund is divesting Russian stocks. The list of public and private embargoes and boycotts goes on. The financial impact on Russia will be extreme. The Russian economy may be expected to collapse by 20% or more in the first half of 2022, an amount comparable to the economic collapses in the second quarter of 2020 during the first lockdown stage of the pandemic.

The Sanctions Boomerang: But Russia has not stood still. The Central Bank of Russia imposed capital controls so that Russian companies cannot pay interest or principal on international debts. That means those loans and bonds may soon go into default. Many such securities may be stuffed into 401(k) plans of Americans under the umbrella of “emerging markets” funds or ETFs. Even more important is the possibility that interbank lending may start to dry up as Russian banks are frozen and Western banks reduce leverage and shrink balance sheets in order to reduce risk.

This will lead to defaults in the West and could even mark the beginning of a global liquidity crisis that can only be contained by Federal Reserve currency swap lines, like we saw in the early stages of the pandemic when markets were collapsing. But even that technique may not work since there are no swap arrangements in place between the Fed and the Central Bank of Russia. The shooting war may or may not be over soon, but the financial war has just started and will continue after the shooting stops.

For that matter, a global financial panic may emerge even before the shooting stops. We all see what's happening on the surface. Here's what you don't see: Someone is on the wrong side of every one of those trades. Hedge funds and banks are losing billions and are sinking. It takes about a week for bodies to float to the surface. And foreign investors who try to sell Russian companies will find that their sales are blocked. Russia imposed capital controls so that Russian borrowers cannot pay their creditors in dollars or euros.

So yes, sanctions will hurt Russia. But like a boomerang, those same sanctions can hurt the U.S. economy, which is on shaky ground as it is. It’s almost like cutting off your nose to spite your face.

Russia Still Has Options: And Russia can work around the sanctions to obtain at least some access to the global financial system. The main loophole is that Russia may still receive dollar payments for oil and natural gas. Those payments may be frozen inside the central bank, but they can still be received and added to Russia’s reserves.

Russia can also transact outside the SWIFT messaging system using older technologies such as telex and internet channels outside of SWIFT. Russians can also transact through Chinese and other banks that have not joined the sanctions.

Also, Russia’s official media report that Putin seeks to establish a ban on the export of certain products and raw materials outside the country by the end of 2022. Besides oil and natural gas, Russia exports substantial amounts of food crops and precious metals used in industrial production like aluminum, titanium, palladium, platinum, nickel, cobalt and copper.

This is the most important move yet. Consumers are familiar with the retail end of the supply chain. But they aren't as familiar with the input end. If you can't source the raw materials, you can produce finished goods. For example, the farmers who grow food and raise livestock and the butchers and food processors who prepare that output into meat, poultry, bread and dairy products are not the source of the supply; they are intermediaries. The source of the supply chain is in fertilizers made from chemicals, especially nitrogen and phosphate.

Any break or bottleneck anywhere in this supply chain will result in either higher prices or empty shelves at the consumer end. If Russian nitrogen exports are diminished and prices soar, that has a global impact including on U.S. farms. The impact of higher fertilizer prices does not stop with grain. Most grains are used not for direct consumption by humans but as feed grains for livestock. That means the fertilizer price increase will flow through to meat, poultry, eggs and dairy products.

These breaks are already occurring. Russia and Ukraine together provide more than 25% of the wheat supply in world trade and 20% of global corn sales. Ukrainian exports are already in disarray because of the war and Russian exports are being handicapped by the sanctions.

Don’t Forget About Russia’s Gold: Finally, Russia has $150 billion in official physical gold bullion. This gold cannot easily be sold or bartered, but it can be leased or used as collateral for hard-currency loans. The latest dumb idea out of Washington is to freeze Russian gold. But the gold is physical and it's inside Russia. The only way to freeze it is to leave it outside in the winter. You can freeze dollar-sale proceeds, but Russia's a buyer not a seller. It can buy gold directly from Russian mines. And Russia can use parallel loan structures (which haven’t been used much since the 1970s) where a lender inside Russia can also be a borrower outside Russia in a separate transaction with the obligations netted out.

None of this is efficient relative to a normally functioning system, but it does work. The bottom line is that the Russian economy will muddle through despite the sanctions, although with higher costs, more risk and less liquidity. The main point for investors to understand is the damage will not be confined to Russia. These inefficiencies and this illiquidity will ripple out to all parts of the global financial system.

Investors should prepare now with larger allocations to cash and gold and by reducing stock market exposure. It’s a good idea to build up your own liquidity before the wave of defaults and margin calls hits home."
Full screen recommended.
"Russia Responds to West's Oil Bans and 
Gas Curbs With Some of Its Own Sanctions"

"I Know Not..."

Tuesday, March 8, 2022

Free Download: Nevil Shute, "On the Beach"

"On the Beach"
by Wikipedia

"'On the Beach' is a post-apocalyptic novel published in 1957, written by British author Nevil Shute after he emigrated to Australia. The novel details the experiences of a mixed group of people in Melbourne as they await the arrival of deadly radiation spreading towards them from the Northern Hemisphere, following a nuclear war the previous year. As the radiation approaches, each person deals with impending death differently.

The phrase "on the beach" is a Royal Navy term that means "retired from the Service." The title also refers to T. S. Eliot's poem "The Hollow Men", which includes the lines:

"In this last of meeting places
We grope together
And avoid speech
Gathered on this beach of the tumid river."

Printings of the novel, including the first 1957 edition by William Morrow and Company, New York, contain extracts from Eliot's poem on the title page, under Shute's name, including the above quotation and the concluding lines:

"This is the way the world ends
Not with a bang but a whimper."

Freely download, "On The Beach", by Nevil Shute, here:
Full screen recommended.
"On The Beach" complete movie.
"Although there'd been "doomsday dramas" before it, Stanley Kramer's "On the Beach" was considered the first "important" entry in this genre when originally released in 1959. Based on the novel by Nevil Shute, the film is set in the future (1964) when virtually all life on earth has been exterminated by the radioactive residue of a nuclear holocaust. Only Australia has been spared, but it's only a matter of time before everyone Down Under also succumbs to radiation poisoning. With only a short time left on earth, the Australian population reacts in different ways: some go on a nonstop binge of revelry, while others eagerly consume the suicide pills being issued by the government. When the possibility arises that rains have washed the atmosphere clean in the Northern hemisphere, a submarine commander (Gregory Peck) and his men head to San Diego, where faint radio signals have been emanating. The movie's all-star cast includes: Peck as the stalwart sub captain, Ava Gardner as his emotionally disturbed lover, Fred Astaire as a guilt-wracked nuclear scientist, and Anthony Perkins and Donna Anderson as the "just starting out in life" married couple."

"Nukemap"

Click image for larger size.
"Nukemap"
by Alex Wellerstein

"Effect distances for a 1.2 megaton airburst:

Detonation altitude: 3,320 m. (Chosen to maximize the 5 psi range)

Fireball radius: 1.04 km (3.39 km²): Maximum size of the nuclear fireball; relevance to damage on the ground depends on the height of detonation. If it touches the ground, the amount of radioactive fallout is significantly increased. Anything inside the fireball is effectively vaporized. Minimum burst height for negligible fallout: 0.94 km.

Moderate blast damage radius (5 psi): 7.47 km (175 km²): At 5 psi overpressure, most residential buildings collapse, injuries are universal, fatalities are widespread. The chances of a fire starting in commercial and residential damage are high, and buildings so damaged are at high risk of spreading fire. Often used as a benchmark for moderate damage in cities. Optimal height of burst to maximize this effect is 3.32 km.

Thermal radiation radius (3rd degree burns): 13.2 km (547 km²): Third degree burns extend throughout the layers of skin, and are often painless because they destroy the pain nerves. They can cause severe scarring or disablement, and can require amputation. 100% probability for 3rd degree burns at this yield is 11.4 cal/cm2.

Light blast damage radius (1 psi): 21 km (1,390 km²): At a around 1 psi overpressure, glass windows can be expected to break. This can cause many injuries in a surrounding population who comes to a window after seeing the flash of a nuclear explosion (which travels faster than the pressure wave). Often used as a benchmark for light damage in cities. Optimal height of burst to maximize this effect is 4.97 km."
Utilize the Nukemap here:

Gerald Celente, "Negotiate For Peace Or Rest in Peace"

Full screen recommended.
Strong language alert!
Gerald Celente,
"Negotiate For Peace Or Rest in Peace"
"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over fear and propaganda to help subscribers prepare for What’s Next in these increasingly turbulent times."

"This is Terrifying And It's Destroying the Global Economy"

Steven Van Metre,
"This is Terrifying And It's Destroying the Global Economy"

"China Food Shortage Accelerates! Prepare Yourself For Worldwide Starvation"

Full screen recommended.
"China Food Shortage Accelerates! 
Prepare Yourself For Worldwide Starvation"
by Epic Economist

"The global food crisis continues to get worse by the day. On top of the severe disruptions caused by the confrontation between Russia and Ukraine on food supply chains, Chinese authorities are warning that the world is about to experience an extensive shortage of grains as winter weather conditions are set to be “the worst in history” this year in China, which could lead to the destruction of millions of acres of grain crops at a time global prices are already at record highs, while freight and shipping rates are soaring again, and supplies are getting tighter and tighter.

In a recent statement, Chinese President Xi Jinping warned that global food markets are about to face a massive shock as the conflict between Russia and Ukraine intensifies and this year’s harvest might get impacted by the worst winter weather on record. For that reason, Xi said that China is no longer relying on exports to ensure its food security. The Chinese leader highlighted that food security is now the top national priority while speaking to national advisers at the Chinese People’s Political Consultative Conference.

“Vigilance in food security must not slacken, we must not think that food ceases being an issue after industrialization, and we cannot count on international supplies to solve the problem,” he said. “We must plan ahead by adhering to the principles of domestic production and self-reliance while ensuring an appropriate level of imports and technology-backed development.”

His speech came as China’s Minister of Agriculture and Rural Affairs Tang Renjian reported to Reuters that the condition of the country’s winter wheat crop is extremely worrying, raising concerns about grain supplies in the world’s biggest wheat consumer. Speaking to reporters on the sidelines of the Chinese regime’s annual political meeting, Tang said that heavy rainfall delayed the planting of nearly one-third of the normal wheat acreage.

“A survey of the winter wheat crop taken before the start of winter found that the amount of first- and second-grade crop was down by more than 20 percentage points,” Tang revealed. "Not long ago we went to the grassroots to do a survey and many farming experts and technicians told us that crop conditions this year could be the worst in history," he added.

A combination of factors that is likely to cause unprecedented chaos all over the planet. It’s safe to say that all hell is about to break loose. And not only food producers will be affected, but soon, your local grocery store might be impacted too. Once U.S. consumers realize that food prices are doubling or tripling, grocery shelves will be wiped out faster than it happened at the peak of the health crisis.

If we can offer a little piece of advice: buy flour, rice, barley, and any other grains you can still find now, rather than waiting weeks or months to buy them. The countries that have food supplies are no longer giving them away, and those that don't are going to find themselves in the middle of an epic food crisis sooner rather than later. Be prepared!"

Must Watch! "All Hell Is Breaking Loose; Markets Must Crash; Trade Deficit Alarming; Consumers Suffocated"

Full screen recommended.
Jeremiah Babe, PM 3/8/22:
"All Hell Is Breaking Loose; Markets Must Crash; 
Trade Deficit Alarming; Consumers Suffocated"

Musical Interlude: 2002, “Challenge From Heaven”

Full screen recommended.
2002, “Challenge From Heaven”

"A Look to the Heavens"

“Stars are sometimes born in the midst of chaos. About 3 million years ago in the nearby galaxy M33, a large cloud of gas spawned dense internal knots which gravitationally collapsed to form stars. NGC 604 was so large, however, it could form enough stars to make a globular cluster. 


Many young stars from this cloud are visible in the above image from the Hubble Space Telescope, along with what is left of the initial gas cloud. Some stars were so massive they have already evolved and exploded in a supernova. The brightest stars that are left emit light so energetic that they create one of the largest clouds of ionized hydrogen gas known, comparable to the Tarantula Nebula in our Milky Way's close neighbor, the Large Magellanic Cloud.”

“As I’ve Aged"

“As I’ve Aged"
- Author Unknown

“You ask me how it feels to grow older. I’ve learned a few things along the way, which I’ll share with you…

As I’ve aged, I’ve become kinder to myself, and less critical of myself. I’ve become my own friend. I don’t chide myself for eating that extra cookie, or for not making my bed, or for buying that silly cement gecko that I didn’t need, but looks so avante-garde on my patio. I am entitled to a treat, to be messy, to be extravagant.

I have seen too many dear friends leave this world too soon, before they understood the great freedom that comes with aging. Whose business is it if I choose to read or play on the computer until 4 AM and sleep until noon? I will dance with myself to those wonderful tunes of many years ago, and if I, at the same time, wish to weep over a lost love… I will.

I will walk the beach in a swim suit that is stretched over a bulging body, and will dive into the waves with abandon if I choose to, despite the pitying glances from the jet set. They, too, will get old.

I know I am sometimes forgetful. But there again, some of life is just as well forgotten. And I eventually remember the important things. Sure, over the years my heart has been broken. How can your heart not break when you lose a loved one, or when a child suffers, or even when somebody’s beloved pet gets hit by a car? But broken hearts are what give us strength and understanding and compassion. A heart never broken is pristine and sterile and will never know the joy of being imperfect.

I am so blessed to have lived long enough to have my hair turning gray, and to have my youthful laughs be forever etched into deep grooves on my face. So many have never laughed, and so many have died before their hair could turn silver.

As you get older, it is easier to be positive. You care less about what other people think. I don’t question myself anymore. I’ve even earned the right to be wrong. So, to answer your question, I like being old. It has set me free. I like the person I have become. I am not going to live forever, but while I am still here, I will not waste time lamenting what could have been, or worrying about what will be. And I shall eat dessert every single day (if I feel like it). May our friendship never come apart especially when it’s straight from the heart!”

"All That's Left..."

In the movie “The Lion in Winter”, when the sons, in the dungeon, 
think they hear Henry coming down the stairs to kill them:

Richard: "He's here! He'll get no satisfaction out of us! Don't let him see you beg...Take it like a man!
Geoffrey: "You chivalric fool! As if the way one falls down matters!"
Richard: "Well, when the fall is all that's left, it matters a great deal."

Free Download: George Orwell, “1984″

“What opinions the masses hold, or do not hold,
is looked on as a matter of indifference. They can be
granted intellectual liberty because they have no intellect.”

To know and not to know, to be conscious of complete truthfulness while telling carefully constructed lies, to hold simultaneously two opinions which cancelled out, knowing them to be contradictory and believing in both of them, to use logic against logic, to repudiate morality while laying claim to it, to believe that democracy was impossible and that the Party was the guardian of democracy, to forget whatever it was necessary to forget, then to draw it back into memory again at the moment when it was needed, and then promptly to forget it again: and above all, to apply the same process to the process itself – that was the ultimate subtlety: consciously to induce unconsciousness, and then, once again, to become unconscious of the act of hypnosis you had just performed. Even to understand the word “doublethink” involved the use of doublethink.”
George Orwell, 
“Nineteen Eighty-Four: A Novel” (1949)
Freely download “1984″, by George Orwell here:

"Oceania Has Always Been At War With Russia" (Excerpt)

"Oceania Has Always Been At War With Russia" (Excerpt)
by Doug “Uncola” Lynn

"We’ll know our disinformation program is complete when everything the American public believes is false." – William J. Casey, 1913-1987, Director, CIA (Republican), Statement at his first CIA staff meeting, 1981

"And ye shall hear of wars and rumors of wars…"
– King James Bible, Matthew 24:6

"In the years prior to the new millennium, most readers of George Orwell’s novel “1984” would have considered the book to be a stark warning to mankind. However, in light of world events over the last 22 years it appears Orwell’s book was, instead, an instruction manual for the world’s financial elite. The setting of 1984 took place in a futuristic, post-apocalyptic Great Britain which was a part of “Oceania”, a world super-state alternately engaged in never-ending warfare with two other global powers: Eurasia and Eastasia.

The INSOC Party was a totalitarian regime led by a figurehead known only as “Big Brother” and the “Ministry of Truth” promoted war hysteria to unite the citizens of Oceania by continuously broadcasting propaganda that simultaneously subverted autonomous thought and action.

Today, it appears the U.S. Military Industrial Complex of which President Dwight D. Eisenhower warned in his 1961 farewell address, has assumed the role of Orwell’s Oceania; along with the other English-speaking nations that comprise the “Five Eyes” global surveillance network: Great Britain, Australia, New Zealand, and Canada. In endless propaganda purveyed to rile and unify the masses, this Anglo intelligence apparatus ostensibly wages war against Islamic terror, Russia, China, and Covid-19, alternately, contingent upon which puppet politicians are appointed to rule at any given time."
Please view this complete, most highly recommended, article here:

Gregory Mannarino, "The Next Engineered Crisis: Prepare Now For Food Shortages And Skyrocketing Energy Prices"

Gregory Mannarino, PM 3/8/22:
"The Next Engineered Crisis: Prepare Now 
For Food Shortages And Skyrocketing Energy Prices"

The Daily "Near You?"

Ravena, New York, USA. Thanks for stopping by!

"The Life Of Man..."

"The life of Man is a long march through the night, surrounded by invisible foes, tortured by weariness and pain, towards a goal that few can hope to reach, and where none may tarry long. One by one, as they march, our comrades vanish from our sight, seized by the silent orders of omnipotent Death. Very brief is the time in which we can help them, in which their happiness or misery is decided. Be it ours to shed sunshine on their path, to lighten their sorrows by the balm of sympathy, to give them the pure joy of a never-tiring affection, to strengthen failing courage, to instill faith in times of despair."
- Bertrand Russell

The Poet: Theodore Roethke, "The Far Field"

"The Far Field"

I
"I dream of journeys repeatedly:
Of flying like a bat deep into a narrowing tunnel
Of driving alone, without luggage, out a long peninsula,
The road lined with snow-laden second growth,
A fine dry snow ticking the windshield,
Alternate snow and sleet, no on-coming traffic,
And no lights behind, in the blurred side-mirror,
The road changing from glazed tarface to a rubble of stone,
Ending at last in a hopeless sand-rut,
Where the car stalls,
Churning in a snowdrift
Until the headlights darken.

II
At the field's end, in the corner missed by the mower,
Where the turf drops off into a grass-hidden culvert,
Haunt of the cat-bird, nesting-place of the field-mouse,
Not too far away from the ever-changing flower-dump,
Among the tin cans, tires, rusted pipes, broken machinery,-
One learned of the eternal;
And in the shrunken face of a dead rat, eaten by rain and ground-beetles
(I found it lying among the rubble of an old coal bin)
And the tom-cat, caught near the pheasant-run,
Its entrails strewn over the half-grown flowers,
Blasted to death by the night watchman.
I suffered for young birds, for young rabbits caught in the mower,
My grief was not excessive.
For to come upon warblers in early May
Was to forget time and death:
How they filled the oriole's elm, a twittering restless cloud, all one morning,
And I watched and watched till my eyes blurred from the bird shapes,- 
Cape May, Blackburnian, Cerulean,- 
Moving, elusive as fish, fearless, 
Hanging, bunched like young fruit, bending the end branches,
Still for a moment,
Then pitching away in half-flight,
Lighter than finches,
While the wrens bickered and sang in the half-green hedgerows,
And the flicker drummed from his dead tree in the chicken-yard.

Or to lie naked in sand,
In the silted shallows of a slow river,
Fingering a shell,
Thinking:
Once I was something like this, mindless,
Or perhaps with another mind, less peculiar;
Or to sink down to the hips in a mossy quagmire;
Or, with skinny knees, to sit astride a wet log,
Believing:
I'll return again,
As a snake or a raucous bird,
Or, with luck, as a lion.
I learned not to fear infinity,
The far field, the windy cliffs of forever,
The dying of time in the white light of tomorrow,
The wheel turning away from itself,
The sprawl of the wave,
The on-coming water.

III
The river turns on itself,
The tree retreats into its own shadow.
I feel a weightless change, a moving forward
As of water quickening before a narrowing channel
When banks converge, and the wide river whitens;
Or when two rivers combine, the blue glacial torrent
And the yellowish-green from the mountainy upland,- 
At first a swift rippling between rocks,
Then a long running over flat stones
Before descending to the alluvial plane,
To the clay banks, and the wild grapes hanging from the elmtrees.
The slightly trembling water
Dropping a fine yellow silt where the sun stays;
And the crabs bask near the edge,
The weedy edge, alive with small snakes and bloodsuckers,- 
I have come to a still, but not a deep center,
A point outside the glittering current;
My eyes stare at the bottom of a river,
At the irregular stones, iridescent sandgrains,
My mind moves in more than one place,
In a country half-land, half-water.

I am renewed by death, thought of my death,
The dry scent of a dying garden in September,
The wind fanning the ash of a low fire.
What I love is near at hand,
Always, in earth and air.

IV
The lost self changes,
Turning toward the sea,
A sea-shape turning around,- 
An old man with his feet before the fire,
In robes of green, in garments of adieu.
A man faced with his own immensity
Wakes all the waves, all their loose wandering fire.
The murmur of the absolute, the why
Of being born falls on his naked ears.
His spirit moves like monumental wind
That gentles on a sunny blue plateau.
He is the end of things, the final man.

All finite things reveal infinitude: 
The mountain with its singular bright shade
Like the blue shine on freshly frozen snow, 
The after-light upon ice-burdened pines;
Odor of basswood on a mountain-slope,
A scent beloved of bees;
Silence of water above a sunken tree: 
The pure serene of memory in one man,-
A ripple widening from a single stone
Winding around the waters of the world."

- Theodore Roethke 

"Our Dilemma..."

"Our dilemma is that we hate change and love it at the same time;
what we really want is for things to remain the same but get better. "
- Sydney J. Harris

"Ukraine & Nukes"

"Ukraine & Nukes"
by Steven Starr

"The New York Times recently published an article by David Sanger entitled “Putin spins a conspiracy theory that Ukraine is on a path to produce nuclear weapons.” Unfortunately, it is Sanger who puts so much spin in his reporting that he leaves his readers with a grossly distorted version of the what the presidents of Russia and Ukraine have said and done.

Ukrainian Volodymyr Zelensky’s recent statements at the Munich conference centered around the 1994 Budapest Memorandum, which welcomed Ukraine’s accession to the Nuclear Non-Proliferation Treaty (NPT) in conjunction with Ukraine’s decision to return to Russia the nuclear weapons left on its territory by the Soviet Union.

In other words, the Budapest Memorandum was expressly about Ukraine giving up its nukes and not becoming a nuclear weapon state in the future. Zelensky’s speech at Munich made it clear that Ukraine was moving to repudiate the Budapest Memorandum; Zelensky essentially stated that Ukraine must be made a member of NATO, otherwise it would acquire nuclear weapons.

This is what Zelensky said, with emphasis added: “I want to believe that the North Atlantic Treaty and Article 5 will be more effective than the Budapest Memorandum. Ukraine has received security guarantees for abandoning the world’s third nuclear capability [i.e. Ukraine relinquished the Soviet nuclear weapons that had been placed in Ukraine during the Cold War]. We don’t have that weapon. … Therefore, we have something. The right to demand a shift from a policy of appeasement to ensuring security and peace guarantees.

Since 2014, Ukraine has tried three times to convene consultations with the guarantor states of the Budapest Memorandum. Three times without success. . . I am initiating consultations in the framework of the Budapest Memorandum. The Minister of Foreign Affairs was commissioned to convene them. If they do not happen again or their results do not guarantee security for our country, Ukraine will have every right to believe that the Budapest Memorandum is not working and all the package decisions of 1994 are in doubt. . .

I am initiating consultations in the framework of the Budapest Memorandum. The Minister of Foreign Affairs was commissioned to convene them. If they do not happen again or their results do not guarantee security for our country, Ukraine will have every right to believe that the Budapest Memorandum is not working and all the package decisions of 1994 are in doubt.”

Sanger’s Times article implies that it was a “conspiracy theory” that Zelensky was calling for Ukraine to acquire nuclear weapons. Sanger was not ignorant of the meaning of the Budapest Memorandum, rather he chose to deliberately ignore it and misrepresented the facts.

President Vladimir Putin, along with the majority of Russians, could not ignore such a threat for a number of historical reasons that The New York Times and ideologues such as Sanger have also chosen to ignore. It is important to list some of those facts, since most Americans are unaware of them, as they have not been reported in the Western mainstream media. Leaving parts of the story out turns Putin into just a madman bent on conquest without any reason to intervene.

First, both the provinces of Donetsk and Lugansk in the Donbass region voted for independence from Ukraine in 2014 in resistance to a U.S.-backed coup that overthrew the elected president Viktor Yanukovych in February of that year. The independence vote came just eight days after neo-Nazis burned dozens of ethnic Russians alive in Odessa. To crush their bid for independence, the new U.S.-installed Ukrainian government then launched an “anti-terrorist” war against the provinces, with the assistance of the neo-Nazi Azov Battalion, which had taken part in the coup. It is a war that is still going on eight years later, a war that Russia has just entered.

During these eight years, the Ukrainian Armed Forces and Azov have used artillery, snipers and assassination teams to systematically butcher more than 5,000 people (another 8,000 were wounded) - mostly civilians - in the Donetsk Peoples Republic, according to the leader of the DPR, who provided these figures in a press conference recently. In the Luhansk People’s Republic, an additional 2,000 civilians were killed and 3,365 injured. The total number of people killed and wounded in Donbass since 2014 is more than 18,000.

This has received at most superficial coverage by The New York Times; it has not been covered by Western corporate media because it does not fit the official Washington narrative that Ukraine is pursuing an “anti-terrorist operation” in its unrelenting attacks on the people of Donbass. For eight years the war instead has been portrayed as a Russian “invasion,” well before Russia’s current intervention.

Likewise, The New York Times, in its overall coverage, chose not to report that the Ukrainian forces had deployed half of its army, about 125,000 troops, to its border with Donbass by the beginning of 2022.

The importance of neo-Nazi Right Sektor politicians in the Ukraine government and neo-Nazi militias (such as the Azov Battalion) to the Ukrainian Armed Forces, also goes unreported in the mainstream corporate media. The Azov battalion flies Nazi flags; they have been trained by teams of U.S. military advisers and praised on Facebook these days. In 2014, Azov was incorporated in the Ukrainian National Guard under the direction of the Interior Ministry.

The Nazis killed something on the order of 27 million Soviets/Russians during World War II (the U.S. lost 404,000). Russia has not forgotten and is extremely sensitive to any threats and violence coming from neo-Nazis. Americans generally do not understand what this means to Russians as the United States has never been invaded.

So, when the leader of Ukraine essentially threatens to obtain nuclear weapons, this is most certainly considered to be an existential threat to Russia. That is why Putin focused on this during his speech preceding the Russian invasion of Ukraine. Sanger and The New York Times must discount a Ukrainian nuclear threat; they can get away with doing so because they have systematically omitted news pertaining to this for many years.

Sanger makes a very misleading statement when he writes, “Today Ukraine does not even have the basic infrastructure to produce nuclear fuel.” Ukraine is not interested in making nuclear fuel - which Ukraine already purchases from the U.S. Ukraine has plenty of plutonium, which is commonly used to make nuclear weapons today; eight years ago Ukraine held more than 50 tons of plutonium in its spent fuel assemblies stored at its many nuclear power plants (probably considerably more today, as the reactors have continued to run and produce spent fuel). Once plutonium is reprocessed/separated from spent nuclear fuel, it becomes weapons usable. Putin noted that Ukraine already has missiles that could carry nuclear warheads, and they certainly have scientists capable of developing reprocessing facilities and building nuclear weapons.

In his Feb. 21 televised address, Putin said Ukraine still has the infrastructure leftover from Soviet days to build a bomb. He said: “As we know, it has already been stated today that Ukraine intends to create its own nuclear weapons, and this is not just bragging. Ukraine has the nuclear technologies created back in the Soviet times and delivery vehicles for such weapons, including aircraft, as well as the Soviet-designed Tochka-U precision tactical missiles with a range of over 100 kilometers.

But they can do more; it is only a matter of time. They have had the groundwork for this since the Soviet era. In other words, acquiring tactical nuclear weapons will be much easier for Ukraine than for some other states I am not going to mention here, which are conducting such research, especially if Kiev receives foreign technological support. We cannot rule this out either.

If Ukraine acquires weapons of mass destruction, the situation in the world and in Europe will drastically change, especially for us, for Russia. We cannot but react to this real danger, all the more so since let me repeat, Ukraine’s Western patrons may help it acquire these weapons to create yet another threat to our country.”

NATO-US Refuse Binding Nuclear Treaties: In his Times piece, Sanger states, “American officials have said repeatedly that they have no plans to place nuclear weapons in Ukraine.” But the U.S. and NATO have refused to sign legally binding treaties with Russia to this effect. In reality, the U.S. has been making Ukraine a de facto member of NATO, while training and supplying its military forces and conducting joint exercises on Ukrainian territory. Why wouldn’t the U.S. place nuclear weapons in Ukraine - they have already done so at military bases within the borders of five other European members of NATO. This in fact violates the spirit of the NPT, another issue that Sanger avoids when he notes that Russia has demanded that the U.S. remove nuclear weapons from the European NATO-member states.

For years the U.S. proclaimed that the Ballistic Missile Defense (BMD) facilities it was placing in Romania and Poland, on the Russian border, were to protect against an “Iranian threat,” even though Iran had no nuclear weapons or missiles that could reach the U.S. But the dual-use Mark 41 launching systems used in the Aegis Ashore BMD facilities can be used to launch Tomahawk cruise missiles, and will be fitted with SM-6 missiles that, if armed with nuclear warheads, could hit Moscow in five-to-six minutes. Putin explicitly warned journalists about this danger in 2016; Russia included the removal of the U.S. BMD facilities in Romania and Poland in its draft treaties presented to the U.S. and NATO last December.

I wonder if Sanger has ever considered what the U.S. response would be if Russia placed missile launching facilities on the Canadian or Mexican border? Would the U.S. consider that a threat, would it demand that Russia remove them or else the U.S. would use military means to do so?

30 Years Ago: Sanger states that today Russia takes a “starkly different from the tone Moscow was taking 30 years ago, when Russian nuclear scientists were being voluntarily retrained to use their skills for peaceful purposes.” Russians would reply that 30 years ago NATO had not moved to Russian borders and was not flooding Ukraine with hundreds of tons of weapons and the U.S. had not yet overthrown the government in Kiev to install an anti-Russian regime.

While the Times is still considered the U.S. “paper of record,” during the last few decades it has devolved into the primary mouthpiece for the official narratives coming from Washington. There is a real danger to the nation when a free press is replaced with corporate media that stifles and censors dissent. Rather than a free press, we now have a Ministry of Propaganda that acts as an echo chamber for the latest diktats from the White House. The systematic creation of false narratives by corporate media, designed to serve the purposes of the federal government, have so misinformed the American public about world events that we find the nation ready to go to war with Russia.

This is suicidal course for not only the U.S. and the EU, but for civilization as a whole, because this would likely end in a nuclear war that will destroy all nations and peoples."
Related:

"How It Really Is"

 

"People Borrowing Money at Record Pace - Hundreds of Thousands of Houses in Pre-Foreclosure"

Full screen recommended.
Dan, iAllegedly, 3/8/22:
"People Borrowing Money at Record Pace - 
Hundreds of Thousands of Houses in Pre-Foreclosure"
"We have hundreds of thousands of houses in Pre-foreclosure. People are borrowing money at a record pace just to pay their bills. Credit cards and home equity are being used as an ATM. Oil is at an all time high and so are wheat prices."
Related:

Bill Bonner, "The 'R' Word"

"The 'R' Word"
by Bill Bonner

San Martin, Argentina - “Nowhere else does an economy work like this.”Argentines have been living with inflation for a long time. It was 2,000% in 1990. It’s 50% now. If they don’t know how to survive it, no one does. Can we learn from them? We might have to. Here’s Business Insider: "US stocks fell on Monday, with the Dow Jones Industrial Average down 800 points and the Nasdaq ending lower by over 3% as investors weighed the impact of surging oil prices and eyed possible new sanctions on Russia's energy sector."

The geopolitical turmoil has sent commodities reeling, as wheat, nickel, gold, and oil all soared during Monday trading. A nearby news item shows regular gasoline at $6.95 a gallon. And the price of oil itself rose to $139 a barrel. Both experience and ‘the experts’ say a recession is stalking us.

Meanwhile, Congress is working on a bill to exclude Russian oil from the US market. Thus is the US attacking the three key elements of modern prosperity all at once – energy, money, and trust. It cuts off supplies of oil; it undermines the dollar with sanctions on honest savers and investors; and inflation and sanctions erode trust in the whole US-dominated financial system. Where this leads is anybody’s guess. But somewhere, faintly in the distance, we hear a tango beat.

El Fin del Mundo: “You look around,” continued our man in Buenos Aires, “you see people living fairly normally. You see people with new cars – although there aren’t many of them. You see houses being built. You see people out and about, having a nice dinner or shopping.

If you had 50% inflation in the US, it would be another story. It would be a hellacious disaster. You’d have a revolution. (Our contact used to live in Miami.) People depend on credit. They have mortgages to refinance. They have debts to pay. The system depends on credit. Everything is sold on credit. If interest rates go up, the whole economy collapses.

That doesn’t happen here, basically because the economy already collapsed long ago. People don’t have mortgages. They don’t have debt. Nobody cares about interest rates, because they can’t borrow money anyway. As soon as people get money, they spend it.”

Seems simple enough. When you have money, don’t try to save it. But what do you spend it on? “Real estate,” says our friend. “Prices are low here. People buy now… and then they wait for them to go up again. That’s another part of the formula. Here, we go in Biblical cycles. Seven good years. Then, seven bad years. Sometimes we are the cheapest country in the world; then we’re the most expensive. Right now, we’re in bad years. So people take their money and add on to their houses… or buy an apartment. The rents are low too, so yields are poor. But prices will probably go up in the 7 good years.

And by the way, there’s a political cycle too. The Peronists (nationalist, socialist, populist) are in power now. But they’ve made such a mess of things, voters will probably turn away from them in the next election, in November. Then, we’ll see some good times, before the bad times come back.”

Buenos Aires is a treat. Lively. Sophisticated. Cheap. The food is good. The weather, this time of year, is delightful. The cafes and restaurants are busy. People seem to live well. But there is more to the story. Here, the economy only works because people have learned to cheat.

Money Caves: “The nice thing about living here,” continued our friend, “is that the government does the dumbest things. But they are intentionally incompetent. The rules and regulations are never well enforced. There are always ways around them. Take a look over there.” He motioned to a place across the street. “There’s a ‘cueva’ [a black market money exchange… literally, a ‘cave.’] It’s illegal. But the government knows it it there… and they’ve put a policeman out front so you know it’s safe to go in there.

We’re supposed to be having an economic crisis here. But I have a hard time hiring good workers because they can earn more by working remotely for a European or American company. Then, they get most of their pay transferred in cryptos… which is converted to pesos by these cuevas. No trace. No taxes.”

Were it not for the black market, Argentina would be an even bigger mess than it is now. The cuevas are tolerated because they attract foreign currencies… and the country needs foreign currencies to pay its foreign debts. The result is that there are people with money to spend. Of course, in the poor neighborhoods it’s another story. There, people are trapped. They have no bank accounts in Miami. Nor do they receive cryptos via the internet. Their incomes, sometimes pitifully small, come from normal jobs and are paid in pesos. Government handouts, too, are in pesos – and lose value rapidly.

“It really creates two separate economies,” our friend concluded. “One of them is miserable and desperate. The other enjoys a very high standard of living. But I don’t think the US is ready for this kind of thing… Americans still trust the government. They don’t know how to duck and dodge. And the government would never tolerate a black market like this.”