Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.

EU Inflation and Russia Sanctions Timeline

by Oui Sat Jun 25th, 2022 at 11:26:47 PM EST

Biden's Blitzkrieg Across Europe

Antagonizing Russia, Europe's largest partner in supply of fossil fuels .. building an economic partnership of decades as part of East- and West-Germany's reunification.

EU seeks urgent solution amid record-high inflation and a Russian gas squeeze | DW News |

The first day of the summit in Brussels ended with the leaders agreeing to grant Ukraine and Moldova official status as candidates for EU membership -- a move hailed by European Commission President Ursula von der Leyen as "historic."

But the display of support for Kyiv comes amid wider economic consequences of Russia's war on Ukraine.

A spike in inflation and lagging economic growth across the world has been blamed on Russia's invasion of Ukraine. The West also accuses Moscow of "weaponizing" grain supplies and natural gas deliveries. 

Diversifying energy sources

European Commission President Von der Leyen said the EU must work on "diversifying supplies with partners," not only through finding different exporters, but also moving toward more environmentally friendly energy sources.

"There will be no return to cheap fossil fuel," she said. "We must get rid of our dependence on fossil fuel."

Von der Leyen said gas supply cuts from Russia affected a dozen EU countries. Germany, which is heavily reliant on Russian gas, triggered the second phase of an emergency gas plan.

Germany running into gas supply issues is likely to have EU-wide repercussions, Belgium's Prime Minister Alexander De Croo warned ahead of Friday's meeting. 

"If Germany gets into trouble, it will also have an enormous impact on all other European countries, including our own," he said.

Industries may have to shut down amid gas shortage

German Chancellor Olaf Scholz said later on Friday that Berlin and the EU are prepared for a possible interruption of Russian gas supplies, adding that actions have been taken to find alternative sources for energy imports.

A meeting between President Joe Biden and Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, is now expected to happen next month.

Biden coup buoys Saudi crown prince after five years at helm

IISS Manama Dialogue: US Defence Policy in the Middle-East - moderator John Chipman

Under the Biden administration, U.S. defense officials have prioritized deterring Iran and its myriad proxies. Iran's activities are "the biggest threat to stability in the Middle East," General Kenneth F. McKenzie Jr, the head of U.S. Central Command, said in June 2021. At the same time, U.S. military leaders have backed diplomacy to return Iran and the United States to full compliance with the 2015 nuclear deal.

Could Germany start fracking?

Around 5% of Germany's natural gas requirements are produced domestically by drilling in sandstone deposits. According to the German Federal Association of Natural Gas, Petroleum and Geoenergy (BVEG), there are currently still secured reserves of 32 billion cubic meters, the equivalent of about 320 TWh of energy.

The German Federal Institute for Geosciences and Natural Resources estimates that about 450 billion cubic meters (4500 TWh) of natural gas are held in coal seams and another 2,300 billion cubic meters (23,000 TWh) in shale rock. Extraction would only be possible through fracking.

But the process is banned in Germany on the basis that the chemicals used in fracking pollute the environment and groundwater. And even if the ban were lifted, German fracked gas would still not be available this winter -- or even next.

Global resources shale rock deposits and fracking hellish for the environment

Talk of oil shale's future makes environmentalists cringe. Shale mining in Estonia is water-intensive and pollutes underground water tables, while burning the rock for power produces loads of carbon dioxide, sulfur, and ash--even more than coal.

What is the role of shale as a source of oil and gas resources in the United States?

"The United States has access to significant shale natural gas resources. In the U.S. Crude Oil and Natural Gas Proved Reserves Year-End 2017 report (Nov. 2018, Table 4), the U.S. Energy Information Administration estimates that the United States has about 308 trillion cubic feet of proved shale gas resource. In the World Shale Resource Assessments report (Sept. 2015), the U.S. is estimated to have nearly 623 trillion cubic feet of additional unproved technically recoverable shale gas resources."

Estonia eager to teach world about oil shale

It is wise to get shale fuels out before sea level rise due to environmental impact on the planet. The fossil fuel lobby is winning the (Ukraine) war in Washington DC.

Preparation for war with Russia took hold at the G7 in Wales

Brexit showdown: Boris to confront Macron, Merkel and VDL as row boils over at G7 summit

After G-7, Biden Says He's Reestablishing US Credibility | NBC News |

Biden fought for the leaders' joint statement to include specific language criticizing China's use of forced labor and other human rights abuses

By Jonathan Lemire, Aamer Madhani and Zeke Miller * Published June 13, 2021 *

Biden also fought for the leaders' joint statement to include specific language criticizing China's use of forced labor and other human rights abuses as he worked to cast the rivalry with Beijing as the defining competition for the 21st century.

The president declined to discuss the private negotiations over the provision, but said he was "satisfied" with the tough rhetoric, though difference remained among the allies about how forcefully to call out Beijing.

The other G-7 allies did their part in creating the impression that Biden was part of "the Club" and sought to help reinforce Biden's "America is back" mantra, including by embracing the his campaign slogan to "Build Back Better" from the pandemic.

Most European allies had been disenchanted with President Donald Trump's grumbling of "global freeloaders" and espousing an "America First" policy, so Biden had the challenge of convincing a skeptical audience that the last U.S. administration was not a harbinger of a more insular country.

"We're totally on the same page," British Prime Minister Boris Johnson said of Biden.

The 43-year-old Macron, who came into office in May 2017, months after Biden's two terms as the U.S. vice president ended, appeared to have quick chemistry with the 78-year-old American. The two draped their arms around each other and chatted animatedly when they walked together after the leaders' photo at the beginning of Friday's summit.

In remarks to reporters, Macron did not utter Trump's name but offered an unambiguous shot at the former president. Macron noted his his relief that with Biden, he was now working with an American president "willing to cooperate."

"What you demonstrate is leadership is partnership," Macron said of Biden.
During Trump's term, Macron tried to find common ground but often bristled at Trump's nativist rhetoric.

Macron, who has worked to portray France as a more prominent power in recent years, also used the rise of Trumpism to make the case for greater global European leadership.

He complained in November 2019 that a lack of U.S. leadership was causing the "brain death" of NATO, insisting in an interview with the Economist that the European Union must step up and start acting as a strategic world power. Biden, in his remarks, seemed to acknowledge Macron's concerns, noting that Western Europe was providing "backbone and the support for NATO."

During the summit, Biden also met with Italian Prime Minister Mario Draghi, Japanese Prime Minister Yoshihide Suga and President Cyril Ramaphosa of South Africa.

At the news conference, Biden briefly confused Syria and Libya when he described the importance of providing humanitarian aid to countries torn apart by civil war. It was among a handful of verbal stumbles the president made.

Germany Angela Merkel seals compromise Nord Stream 2 pipeline Russia gas

Biden knew Germany would elect a new chancellor and this commitment would be scrapped afterwards. Condition was to avoid pacification of Russian aggression ...

Biden and Merkel warn Russia cannot use Nord Stream gas pipeline as weapon against Ukraine | CNBC |


  • President Joe Biden and Chancellor Angela Merkel made clear that they will not allow Russia to use the Nord Stream 2 pipeline as a weapon against Ukraine.
  • Nord Stream 2, an $11 billion pipeline that will run directly to Germany from Russia, has long been a source of tension between Washington and Berlin.
  • Merkel supported the pipeline, but emphasized that Nord Stream would not replace Ukraine's transit pipelines for natural gas. 

The president waived sanctions against Swiss-based company Nord Stream 2 AG, which is running the pipeline project, and its German CEO in May. Nord Stream 2 AG is owned by the Russian state energy company Gazprom.

Aukus submarine pact

September 20, 2021

Why the Aukus submarine pact caused a falling-out with France | NBC News |

Australia announced a nuclear-powered submarine deal with the US and UK, abandoning an agreement previously brokered with France. Here is what you need to know.

Australia has scrapped its $90bn (€56bn) submarine deal with France and entered a new pact with the US and the UK to procure nuclear-powered submarines. The submarines will be built in Adelaide, making Australia the seventh country in the world to have submarines propelled by nuclear reactors.

The announcement came on Thursday from the Australian Prime Minister Scott Morrison during a virtual address with US President Joe Biden and UK Prime Minister Boris Johnson. The military alliance between the three countries, knowns as Aukus, has been forged to counter the emerging threat of China.

The countries will share technologies and will see the build of at least eight submarines.

Biden one by one cancelling opposition nations that can cause problems ... "you are either with us, or with the enemy forces"? He knows he got all former Soviet bloc countries in his pocket, save Hungary. The Netherlands with Mark Rutte is a libertarian pro-Atlanticist and friend of UK's Boris Johnson. Spain has always backed NATO and American foreign policy.

As the economy got headwind after the Covid-19 crisis and the energy prices were rising after the Summer, the White House, the NSC and the military of the Pentagon made their move on Zelensky of Ukraine and were prepared to confront the Kremlin. No negotiations or compromis was in the cards ... Russia needed to relinquish the Donbas and Crimea, territory occupied since 2014.

Faltering fightback: Zelensky's piecemeal campaign against Ukraine's oligarchs | ECFR - July 6, 2021 |

This year's moves against Medvedchuk can be explained by national security expediency and by the standing of Zelensky's party in the opinion polls. The ambiguous moves against Kolomoisky can be explained by the urgent need to build bridges with Washington. At the same time, the threat from Russia forced Ukraine to seek help from the US, which increased Washington's leverage on reform.

Critics of Zelensky, particularly those from the opposition European Solidarity party, contend that the president is motivated by nothing but opinion polls. Worse, they claim, he is acting entirely as was predicted in 2019: as an actor-president obsessed with, and only competent at, managing his media image. According to political analyst and opposition MP Rostyslav Pavlenko, "it seems that Zelensky and his entourage are running a television show, which has its episodes and series. If they see their ratings go down, they invent a new plot, new characters, new heroes and enemies."

Other observers think the president is still finding his feet, and learning the hard way how to balance domestic and international pressures. Political analyst Oleksiy Haran says that "what's happening with Zelensky right now is what we said needed to happen in 2019. His moderate rhetoric is OK. But he's become more assertive with Russia. He relies more on Ukrainian patriots. Zelensky has taken steps, but there are more to take." The fightback really could mark the start of a new fourth - reformist - phase in Zelensky's tenure. But, with every step forward, there will likely still be steps back. "We don't know how stable this trend is. We haven't seen too many results. And there are people around him like Yermak who have been prepared to deal with Russia's proxies in the Donbas."

Protests against Andriy Yermak took place all over Ukraine | May 29, 2020 |

From the diaries ...

Merkel Defends Her Legacy and Russia Policy
See follow-up diary …

NATO Plans Europe Troops Surge to War Strength

Azovstal, birth of Gazprom and Western interventions ....

Some background stories on Ukrainian gas pipelines | Jérôme à Paris blog |

As I wrote my PhD about the independence of Ukraine (in 1995) and spent 6 months in Kiev in 1994, the current attack by Russia hits very personally. But I also put on my hat of energy specialist - with my career as an energy financier kickstarted by my knowledge of the Soviet Oil & Gas sector built at that time to write the below.

Crucially, such independent trader was not owned by Gazprom, meaning that the volumes were separated from the broader Gazpom-Ukrgazprom relationship. Gazprom still did not receive any revenue from these volumes - so there had to be benefits somehow going to a few well placed people within Gazprom, as well as Ukrgapzrom and both governments which were needed to authorize the whole scheme.

That was the birth of Itera and all the other shady intermediaries that effectively privatized a part of the Russian-Ukrainian gas trade, generating billions for a few well-connected intermediaries in both Russia and Ukraine (see this article in RFE/RL which discusses the situation in 2002), including some (like the "gas prinses Yulia Tymoshenko") that would end up playing active roles in Ukrainian politics over the years.

What is essential to note is that none of these players in the gas business were anti-Russian - they were Russian-Ukrainian alliances fighting each other, using the Ukrainian government as a tool. Part of the export capacity of Russian pipelines was effectively partly privatized by these groups, something that could only happen with support at the very highest level in Russia.

In 2006, something else changed: the UK became a net gas importer, realized it had no plan to ensure security of supply, and panicked. After desultory attempts to involve European rules to gain access to storage capacity built and controlled by French and German companies, the country's politicians found a convenient scapegoat for their lack of foresight: Russia and Gazprom, supported in that by US Vice-President - and cold warrior extraordinaire - Dick Cheney. That was the year when for the first time, the almost yearly brinkmanship between Ukraine and Russia about gas transit became international news and the UK and US actively picked sides and laid the blame on Russia for what had been fights between oligarchs of both Ukraine and Russia.

Suddenly the gas transit dispute somehow became a highly publicized fight between the West and Russia, which was accused of using the "energy weapon".

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 07:02:05 AM EST
Especially Germany will be hard hit this fall and coming winter ... industry into hibernation.

NEW? Not at all.

MSM now turning narrative to war is bad? Magical.

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 07:53:59 AM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Sat Aug 6th, 2022 at 02:12:52 AM EST
[ Parent ]
Be warned: inflation could take British politics to a very dark place indeed | The Guardian Opinion |

Winter is coming. The Bank of England says so. Pick your measure of the economic gale that is heading this way, deepening a chill that's already biting hard. The Bank says inflation will reach 13%, shrinking the value of wages, making everything more expensive, starting with eating and heating, forcing yet more people to decide whether to starve or shiver. We are to brace for a recession that will see five consecutive quarters of contraction, and a decline in household incomes of 5% by 2024 - the biggest fall since records began more than half a century ago.

Of course, all this will hit hardest those with least. One in five UK households will be left with no savings at all by 2024. Meanwhile, inflation is as much as 30% higher in the towns and cities of northern England, thanks, says the Centre for Cities, to poor home insulation and a "car dependency" that forces people to shell out more on petrol.

'Sapere aude'
by Oui (Oui) on Sat Aug 6th, 2022 at 02:14:28 AM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Sun Aug 14th, 2022 at 07:19:03 PM EST
[ Parent ]
    Now is not the time to give up on Ukraine, they need the support and resolve of the @G7 more than ever.  

    The UK will continue to back Ukraine every step of the way, because we know that their security is our security, and their freedom is our freedom.

Continuation of the excellent progress made at out G7 Summit in Wales last year ... political and military unity of the EU-27 and NATO.

Short term successes and political benefits, at least a distraction from woes at home ...

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 08:46:50 AM EST

Minister of National Defense Hulusi Akar and British Defense Minister Ben Wallace chaired the meetings between the delegations after the tete-a-tete meeting.

Call Antony Blinken to put maximum pressure on Türkiye for NATO enlargement

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 08:57:28 AM EST
[ Parent ]
Today 🇬🇧 🇺🇸 🇨🇦 🇯🇵 have led @G7 allies with sanctions to ban the import of Russian gold - cutting off funding for Putin's war machine and further isolating Russia from the international financial system.

President Kagame and Rwanda a key ally of England ...

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 09:12:44 AM EST
[ Parent ]

Illegal entry Ukrainian refugees will be pushed-back to Rwanda

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 09:14:35 AM EST
[ Parent ]
(no Windrush, Bulgarian, Romanian, or Polish deportees were harmed by this BULLETin)

Global Times | UK sending refugees to Rwanda astonishes HK migrants as they see through 'fragile Western help', 17 June

Some people who moved from Hong Kong to the UK called on more people to sign a petition on change.org to oppose the UK's plan, and said "we don't want people from Hong Kong to become such refugees, who will be deported to Rwanda."

Some netizens from Hong Kong said they wish the UK government would pay more attention to migrants from Hong Kong than refugees from Afghanistan and Syria. One netizen even wrote that the UK government should know that the migrants from Hong Kong are "valuable talents."
In June 2020, after the national security law for Hong Kong was approved, the UK threatened to open a new channel for Hong Kong residents to enter the UK to study and work and eventually apply for British citizenship. However, BN(O) passport holders "can stay in the UK as a visitor for up to six months without a visa," but they are "subject to immigration control and, as a visitor, do not have the right to live, work or take up long-term study" in the country.

One Hong Kong netizen commented that the UK government now takes action on refugees from Afghanistan and Syria, and tomorrow it may take similar actions on people from Hong Kong. "Maybe secessionists from Hong Kong who used to boast about the help from the West may meet in Rwanda in the future," wrote the netizen.

by Cat on Sun Jun 26th, 2022 at 03:10:53 PM EST
[ Parent ]

You can add Iraq - remember Madeleine Albright.

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 09:37:30 AM EST
[ Parent ]
never goes out of style, while some modern managers wait for neutron bomb testing opportunities.
by Cat on Sun Jun 26th, 2022 at 02:56:57 PM EST
[ Parent ]
Extent of successful decades long warmongering through media and propaganda ...opinion of "We The People"

Does media coverage influence Americans' openness to imposing a no-fly zone risk nuclear confrontation with Russia | Brookings - March 2022 |

One of our poll results was that, despite strong public concerns about military confrontation with Russia and even about possible nuclear conflict, most Americans said they would support applying a no-fly zone over Ukraine if the war persists -- even as NATO and American officials have warned that enforcing such a zone risks direct conflict with Russia, given the risks of shooting down Russian aircraft, having U.S. aircraft shot down, and the likely need to attack Russian anti-aircraft defenses on Russian territory. An analysis of our data indicates possible media impact on views, transcending the partisan divide.

Previous research published by three of my colleagues and I showed that social media has a polarizing effect, even beyond sorting people into bubbles along partisan or other lines.

In our new poll, Americans who turn to social media for news were indeed the most polarized group, on many issues, including the imposition of a no-fly zone over Ukraine. Two-thirds of Democrats who rely on social media for political news supported a no-fly zone, while 60% of such Republicans opposed one. This contrasts with majorities of all respondents among both Democrats (61%) and Republicans (52%) supporting a no-fly-zone.

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 11:36:09 AM EST
The Ukraine War Shows How the Nature of Power Is Changing| Carnegie Endowment - June 16, 2022 |

One example is the role of multinational corporations, whose influence on the Western response to Russia's invasion is unprecedented in scope--in part thanks to their growth in size, wealth, and reach, as well as their evolving legal status [Corporations are People too]. Historically, corporate activity in conflict has been mostly motivated by profit, with companies either seeking increased sales directly--such as in Iraq in 2003 or during the world wars--or supporting peace to advance business prospects, as in Northern Ireland. But in the Russia-Ukraine war, most multinational corporations have acted primarily on political motives, often at significant cost to their bottom lines. The decisions of almost 1,000 companies to pull out of Russia have reinforced the West's use of economic power but complicated its political leverage, by making it harder to use sanctions relief as a diplomatic tool.

Big Tech and social revolution across the globe - rightwing liberals of course ...

Inverse of globalization, isolationism cum laude ...

MAGA  ... bring jobs back home! How about labor rights, healtcare, women's rights, ecology and true clean environment?

Plummeting sperm counts, shrinking penises: toxic chemicals threaten humanity | The Guardian Opinion|

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 11:37:10 AM EST
Says former NATO SG Jaap de Hoop Scheffer, until recently a firm warmonger "Ukraine can win this war."

A Dutch saying, treating it as a hot potato ... his reasoning going in all directions of an erratic compass. Hiding behind the argument of Henry Kissinger ... a crazy world of politics. Gave support to the invasion of Iraq by America.


    Former NATO Secretary General Jaap de Hoop Scheffer is concerned about Ukraine's possible territorial concessions in the war with Russia.

      "Realism compels me to say that at this point I can hardly imagine that Ukraine as a whole including Crimea and the entire Donbas will remain Ukrainian."

    He shares the view of former US Secretary of State Henry Kissinger; one of the first westerners to argue that Ukraine will have to make territorial concessions. 'I share the view that - if it comes to discussions - it is first and foremost up to the Ukrainian president and his people to determine what they do and don't want,' says De Hoop Scheffer.

    Ukraine sovereign and whole

      "That should be left to Zelensky in the first instance, but also with regard to NATO and mutatis mutandis, the European Union, which would be a desirable situation. And if we are all flying in different directions on this question - in Paris they talk about it differently than in London, the Baltic States or Poland - then it is an imperative of NATO to agree or reach agreement on that."

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 01:29:22 PM EST
by Oui (Oui) on Sun Jun 26th, 2022 at 01:31:02 PM EST
[ Parent ]
PBP (2022): US, UK, NZ, JP
whitehouse.gov | Establishment of the Partners in the Blue Pacific (PBP)
"Pacific Islands Forum, the premier driver of regional action, committed to organize its members 'as one collective if we are to address our increasingly common challenges' ...$2.1B dev assistance for the region" 2050 Strategy for the Blue Pacific Continent*

under the radar
... jobs saved or created
Framework for Resilient Development in the Pacific (FRDP), 2016; Pacific Resilience Partnership (PRP) Pohnpei Statement, 2017-2020 PIFS, SPREP and SPC "trial period"; funded by DFAT, World Bank Pacific Resilience Program (PREP) details!, EU Pacific* Adaptation to Climate Change and Resilience Building (PACRES) portfolio managers, SPC, and SPREP nations and overseas territories

• Strengthened integration adaptation and risk reduction
• low carbon development
• strengthn disaster preparedness, respons, and recovery

Happy Vanuatu Day!

* "territorial integrity" topography challenge

by Cat on Sun Jun 26th, 2022 at 02:22:13 PM EST
Politico | G7 unveils $600B plan to COMBAT China's Belt and Road, 26 June
The United States will aim to leverage a total of $200 billion for the program over the coming five years through a combination of federal financing and private sector investments. That adds to €300 billion already announced by the EU. Along with contributions from the other [G7] members, the overall target is to build a $600 billion scheme.
archived EU unveils 'Global Gateway' €300 billion global infrastructure plan 2021
The infrastructure plan was first unveiled a year ago, at last year's G7 in Britain, but little progress was made and the program has been renamed. In 2021, it was dubbed "Build Back Better World" after Biden's legislative push, but the implosion of his domestic agenda has led to a new moniker: the "Partnership for Global Infrastructure" [PGI PBP PACRES SPREP?] That will also be the umbrella term that captures the EU and U.K.'s own [loan] programs. ... U.S. officials have consistently claimed that the nations that go into business with China end up with punishing debt and are offering the West's plan as an alternative. < wipes tears > ...
< wipes tears >
"Our work on promoting infrastructure globally is also affected by the current geopolitical situation," said Scholz. "We have therefore discussed how our investment globally in climate-neutral and low carbon energy including gas ["hosted" by EMEs] can help us as a temporary response to Russia's use of energy as a weapon."
World Bank | Minerals for Climate Action, The mineral intensity of the clean energy transition (2020) 112 pp inc cover
... The Climate-Smart Mining Initiative has been developed to align with the Sustainable Development Goals and the Paris Agreement to ensure that the decarbonization of the mining and electricity industries also benefits the resource-rich countries that host these strategic minerals and the communities directly impacted by their extraction, as well as the developing countries that are projected to deploy renewable energy technologies to reach their climate ambitions....
by Cat on Sun Jun 26th, 2022 at 08:27:50 PM EST
[ Parent ]

Ukraine, sanctions, weapons, climate: the G7 summit is about the really big issues. But the US President comes to Schloss Elmau weakened. America's democracy is faltering, Joe Biden's political future is in question.

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 02:44:05 PM EST

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 02:45:42 PM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 02:46:41 PM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 02:47:40 PM EST
[ Parent ]
Biden, G7 leaders to agree on import ban on Russian gold, 26 June. Scholz prefers G7 gold embargo.
According to the source, the U.S. Treasury Department will issue a determination to prohibit the import of new < wipes tears > gold into the U.S. on Tuesday, in a move aimed at further isolating Russia from the global economy [of seven nations] by preventing its participation in the  [seven nations'] gold market.
supply chain discipline: industrial uses of gold
Western sanctions on Russia have not directly targeted commercial [?] gold shipments but MANY banks, shippers and refiners stopped dealing with Russian metal after the conflict in Ukraine began.
appreciation: CB currency reserve asset classes, spreads, and swaps for US American goldbugs

Shares of Russian gold min[ing companies] traded abroad [off-shore AE] have collapsed this year amid difficulties including selling gold and repaying loans to SWIFT sanctioned [Russian] banks.

Russia produces around 10% of the gold mined globally each year. Its gold holdings [production?] have tripled since it annexed Crimea in 2014.

well, alrighty then. How does that help G7 banks?
archived World Gold Council solidarity with Ukraine
by Cat on Sun Jun 26th, 2022 at 05:32:22 PM EST
[ Parent ]
colonial hordes, US- and EUR-denominated debt burdens, and predictable price "paradox": Deliver Less and Earn More (Oui) for PUTIN's WAR

CIEC | Gold Reserves by Country Comparison a/o 2022 metric tonnes (mt)

ICYMI the first time: THE UNFREEZABLE ASSET: gold, sanction, and Russi, 7 Mar
"carry trade" harvest
Russia's central bank says it will stop buying gold at a fixed price, 7 Apr

vOn March 25, the bank had said it would buy gold at a fixed price of 5,000 roubles a gram until June 30. Since that announcement, the rouble has strengthened sharply against the dollar. Five thousand roubles was worth around $52 on March 25 and around $63 on Thursday.
Gold Price in Russian Ruble | 104,508.0 RUB/oz t, 17 June

MSM | Russia's ruble hit its strongest level in 7 years despite massive sanctions., 24 Feb-23 June USD:RUB,1: 139 -> 1:54: AUX pair arbitrage demo for trading desks
The ruble's stunning surge in the following months is being cited by the Kremlin as "proof" that Western sanctions aren't working [for NATO allies].
But what's really behind the currency's rise, and can it be sustained?

Russia is raking in record oil and gas revenue

The reasons are, to put it simply: strikingly high energy [and low gold] prices, capital controls, and sanctions themselves.... And with Brent crude [US- and EUR-denominated] prices 60% higher than they were this time last year, even though many Western countries have curbed their Russian oil buying, Moscow is still making a record profit [alias "value added" alias asset appreciation alias "passive income"].

archived goldbugs in Ruble and Rupee
by Cat on Sun Jun 26th, 2022 at 06:43:06 PM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 02:48:58 PM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 03:07:45 PM EST
[ Parent ]
IF they're BLACK

< wipes tears >

except for Anyone Buttrump 2020

What a tool.

by Cat on Sun Jun 26th, 2022 at 03:18:48 PM EST
[ Parent ]
From all sides?

Remarks by President Charles Michel before the G7 summit in Schloss Elmau, Germany

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 02:50:19 PM EST
Food Price Inflation is Endangering Global Food Security | American University - Feb. 24, 2022 |

Food prices have risen precipitously over the course of the COVID-19 pandemic, but the reasons are complex and extend beyond the public health crisis caused by the virus. The global supply chain has experienced unprecedented chokepoints and delays, causing problems that have rippled into nearly every corner of our lives, including the food on our tables.

Q. What are the causes of the stark food price inflation indicated in the recent Food Index released by the United Nations?

A. Today, we are experiencing the effects of a global recession that began in 2020 arising from the COVID-19 pandemic and the measures put in place to counter it. The global economy shrank as more people lost their jobs. Supply chains were impacted by shortages of workers and of the infrastructure needed to move food from ports to plates. The result was a dramatic rise in the cost of food in the United States and worldwide. Food inflation, a modest 2.2 percent a year last May, started 2022 at a seven percent gallop--the eighth month in a row the rate has gone up. The Consumer Price Index report pegged the US inflation rate at 7.5 percent over the past 12 months, the highest rate in 40 years.

By the end of 2021, Americans were paying an average of 12 percent of their income on food; for lower income wage earners, it was closer to 36 percent. High food prices reflect the increased costs of inputs to agriculture, e.g., fertilizer, labor shortages, and infrastructure problems, such as shortages of shipping containers and truck drivers to bring foods from processing centers to market. For example, in the United States, cattle and pig slaughter fell by about 40 percent in April compared to the same period in 2019 (OECD Food Supply Chains and COVID-19).

'Sapere aude'
by Oui (Oui) on Wed Aug 3rd, 2022 at 09:56:45 PM EST
[ Parent ]

Four companies - the Archer-Daniels-Midland Company, Bunge, Cargill and Louis Dreyfus, known collectively as ABCD - control an estimated 70-90% of the global grain trade. "Global grain markets are even more concentrated than energy markets and even less transparent, so there is a huge risk of profiteering," said De Schutter.

He said this year's food price surge happened despite what are thought to be abundant global grain reserves, but there was insufficient transparency from the companies to show how much grain they hold and no way to force them to release stocks in a timely way.

Cargill reported a 23% increase in revenues to a record $165bn (£140bn) for the year ended 31 May, while Archer-Daniels-Midland made the highest profits in its history during the second quarter of the year.

'Sapere aude'
by Oui (Oui) on Tue Aug 23rd, 2022 at 07:23:06 PM EST
[ Parent ]
and K*v "decision centers": Agile® editorial management

Politico APsplainin | Russia strikes Kyiv as troops consolidate gains [LOL] in the east, 0830 ET

Russia attacked the Ukrainian capital in the early hours of Sunday morning, striking at least two residential buildings, Kyiv Mayor Vitali Klitschko said, as elsewhere Russian troops consolidated their gains in the east. Associated Press [AP] journalists in Kyiv saw rescue services battling flames and rescuing civilians. Klitschko said four people were hospitalized with injuries and a 7-year-old girl was pulled alive from the rubble. Culture minister Oleksandr Tkachenko said on Telegram that a kindergarten was hit in the attacks...
Reuters | Russian missiles kill one and wound six in Kyiv, Ukraine says, 1100 ET
Russian missiles struck a residential building and the compound of a kindergarten in central Kyiv on Sunday, killing one person and wounding six more, officials said, as Moscow stepped up its air strikes on Ukraine for a second day. Firefighters put out a fire in a badly damaged nine-storey residential building in the central Shevchenkivskiy district, the emergency services said.
Deputy Mayor Mykola Povoroznyk later updated the casualty toll to one person killed and at least six wounded and said the missile struck near the site of a similar attack in late April.
tabloid USA | Kyiv bombarded in 'symbolic attack' of Russian missiles, 1500 ET
Kyiv Mayor Vitali Klitschko suggested Russia's missile assault on his city overnight might have been a "symbolic attack" ahead of the [G7]summit[?]. Biden, asked for his reaction to the latest Russian strike, said "it's more of their barbarism."
SouthFront | Russian missiles hit military plant, revenge for bloody attack in Donbas , video details
June 26 began with a missile attack on the capital of Ukraine. Several rockets reportedly hit Kiev in early hours.The Russian Ministry of Defence is yet to comment of the strikes.

The missile strikes were carried out on the Shevchenko district in the center of Kiev. It is reported that the capital was hit by at least four missiles. According to some reports, at least 14 missiles hit the city. According to Yuriy Ignat, a Ukrainian Air Force spokesman, Kiev was hit with Russian X101 missiles from Tu-95 and Tu-160 aircraft which took off from Astrakhan and the launch of missiles took place over the Caspian Sea.
Russian missiles hit the facilities of the military machine-building plant Artyom. The military plant was damaged.

At the same time, the attack hit a civilian house located nearby. The building in the residential complex "Lviv Quarter" was also hit by a missile during another attack on April 29. Then, the first floors of the high-rise building on the left side were hit. Today, the missile hit the right side of the building.

According to the [K*v] local reports, civilians were evacuated from this house months ago due to its location near the military facility. Videos from the spot confirm that no civilians were seen leaving the building after the strike. ...Unfortunately, if the reports of Ukrainian media are true then it is not clear why the local authorities did not evacuate dozens of civilians from the house located in the dangerous area.
The Russian military has previously warned the Kiev regime that the strategically-important military facilities including in the Ukrainian capital will be targeted if the Armed Forces of Ukraine deployed in the Donbass region do not stop attacks on civilians in the city of Donetsk and nearby settlements. ... On June 26, the AFU hit the village of Stakhanov in the LPR with another Tochka-U missile. At least 9 houses were destroyed. No casualties were reported.
The Russian attack on the Ukrainian capital could  be a response to the recent strike of the AFU on the military hospital in the Donbass which was carried out by the recently supplied US-made HIMARS. Russian, DPR and LPR servicemen were treated there as well as wounded civilians [in Donetsk]. At least two people were killed and several others were injured, according to Russian military reporters. However, the real number of casualties was not officially revealed.

by Cat on Sun Jun 26th, 2022 at 07:39:04 PM EST
An Iron Curtain descends on Europe and the USA

.... complimentary emails from readers of my essays who took note of what they consider my even-handed approach to the ongoing Russian-Ukrainian military conflict which is at variance with the fired-up Russophile and Russophobe positions that we find daily in alternative and mainstream media respectively.

In this context, I announce with sadness that the job of even-handed reporting has just become much more difficult as a result of Eutelsat's implementation yesterday of a policy decision announced just over a month ago, but which went unnoticed by most everyone, myself included.

The curtain in question is an updated Iron Curtain, which this time has been dropped on our heads by the powers that be in Washington.  After all, it is Washington that pressured the French controlled Eutelsat rebroadcaster of television channels that dominates the European and other global markets to throw out the Russians.

The argument behind that demand was to exclude "Russian propaganda" from the airwaves. 

Each side in the Ukrainian conflict accuses the other side of using cluster bombs and other internationally prohibited weapons against civilian populations.  These accusations are put on air by Russian and Western news programs only as they are set out by their favored respective side.

My point is very simple: by silencing the so-called Russian propagandists, Western propagandists have the field to themselves here in Belgium, in the broader European Union and in North America. The possibilities for the public to form an independent view of what is going on are choked off, and with that there is no basis for informed policy discussion in the expert community. As The Washington Post so nicely puts it: democracy dies in darkness.

It is sad that Western leaders are destroying with their own hands the underpinnings of democracy at home through this censorship. 

French satellite operator Eutelsat has refused to stop Russia from using satellites it controls to broadcast state-run programming into the country | Wired |

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 08:06:50 PM EST
[ Parent ]
On Dutch TV just heard a psychologist, people are down to the great number of crisis seen daily on the airwaves ..

  • climate
  • nitrogen
  • energy
  • housing
  • gas
  • war
  • refugees
  • hunger

due to the large number of "crisis" the impression may take hold, government is incapable to do the job.

The advice was to limit the use of the term "crisis" in daily life and perhaps cut the viewing of news items (already heavily censored by the program editors). Nuts.

The challenge of wealth and affluence 😅☮️

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 08:08:50 PM EST
[ Parent ]
America's Five Eyes unity as expected after Brexit ... Trump or Biden, a different outcome?

Our Empire and Future Trade Deals | Jan. 2, 2019 |

After Brexit the United Kingdom will be open for global trade deals. Their favorite partnership will be with the nations united in the Five Eyes as security is imperative. The UK will exert its forces across the globe to protect [?] trade routes and alliances. PM Theresa May would love to reach a deal with the New World, especially with Trump's America. World's number One leader in economic strength, digital technology, financials, banking, stock markets and ownership of the Internet.

As the 21th Century Empire, one needs to own its very exceptional wall. The Chinese in ancient times had theirs. It still exists and is one of few man-built structures seen from outer space on planet Earth.

The Soviets had their Iron Curtain which fell in 1989.

Revamping the Empire starting with military missions, campaigns and new forward bases ... potentials:  

  • Gavin Williamson: Naval vessel Echo in Ukraine 'sends message to Russia'
  • A dozen Russian fighter jets land in Crimea amid rising tensions on border | Reuters |
  • Britain to become 'true global player' post-Brexit with military bases in South East Asia and Caribbean, says Defence Secretary | The Telegraph |

Europe's Frontier: A Rusted Iron Curtain | Jan. 7, 2018 |

"Europe faces a threat to its cohesion. But this time it's on the eastern front, not the western"

Stop Blaming Outside Forces For Our Ills | Dec. 13, 2019 |

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 08:10:57 PM EST
Winston Churchill Explains Enigma Russia

Putin is preparing for an Ice Cold future with the West and seeks security to live without fear of a military confrontation with an aggressive NATO commanded by Washington DC. Apparently as a weed, the military in Brussels NATO HQ - the seat of the European Union - has overgrown the political force and stands to suffocate European democracy ... this has to stop before another devastating war hits Europe. In de vise of two super powers ... why do the European media not care?

Trump's Huawei campaign targets Germany and the EU-27 - threat not to share intelligence data | China File - Oct. 18, 2019 |

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 08:19:07 PM EST
Amazing grace ... watching a Yankee game ... 7th inning stretch now combined with the American flag, song and organ music ... damn nationalistic with blinders on.

For old time's sake ...

Original from 1908 and influenced by women's suffrage 😄

History in the making ... Yankees w/o a hit for 15 straight innings ... not happened since 1961. Oops ... just a HR to break the jinx.

PS  Broadast by ESPN on cable ... sponsored by Huawei 😂

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 08:28:21 PM EST
Fantastic game ... multiple facets of baseball ... bizar DP to end the 9th ... Yankees win it in the 10th 3-run HR Judd ... enjoyable.

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 09:31:36 PM EST
[ Parent ]
Freedom comes at a price ... inflation combined with recession.

Matching China's Belt & Road policy by a $600bn fund for Indo-Pacific partners in business and security. At the G7 the leaders of Indonesia and India will sit at the table to listen to the plans of world's seven richests.

Infrastructure projects ... the third or fourth attempt to make it work.

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 11:11:14 PM EST
At the G7 Summit press conference, instead of praising Sri Lanka and IMF cooperative investment in "structural adjustment programming", Biden said
One year ago, when this group of leaders met in Cornwall, we made a commitment, the democratic nations of the G7 would step up [like never before], step up and provide financing for quality, high-standard, sustainable infrastructure in developing [IMF low-income] and middle-income countries. What we're doing is fundamentally different, because it's grounded on our shared values of all those representing the countries and organizations behind me.
IMF (1944 SDR capital): USD, GBP, EUR, JPY, RMB (2016)
BIS (1930/1961 finance): BE, FR, DE, IT, UK, CH/"global" messaging
QUAD (2007 mil): US, AU, JP, IN (2021), KR* (2022)
PBP (2022 NGO): US, UK, NZ, JP, EU
IPEF (2022 NGO): US, AU, JP, IN, NZ, KR, ID*, BN*, MY*, PH*, SG*, TH*, VN*
Rest of World
CSTO (1992 mil): AM, BY, KZ, KG, TJ, RU
SCO (2001 NGO): CN, RU, IN, PK, KZ, KG, TJ, UZ, AM*, AF*, AZ*, BY*, TR*, LK*, KH*

APEC (1989 FTA): CN, CN-hk, CN-tw, RU, ID, SG, VN, TH, PH, MX, PE, CL, BN, PG, MY, KR; US, AU, JP, NZ, CA

ASEAN (1967 FTA): BN, KH, ID, LA, MY, MM, PH, SG, TH, VN
EAS (East Asia Summit): US, AU, JP, NZ; CN, RU, IN, KR, ASEAN

CP-TPP (2018 FTA): AU, CA, JP, NZ, SG, MY, VN, BN, CL, MX, PE, UK*
CEPA (2003 FTA): CN-hk, CN-mo, NZ, ASEAN, EU, AU, MV, GE*
CPEC (2015 FTA): CN, PK, MN*, RU*, KZ*, KG*, TJ*, AF*, IN*

OIC (1969 NGO): AZ, AE, IR, IQ, BD, TR, TN, SN, SL, GA, GW, QA, KW, ML, MR, YE, JO, ID, PK, AF, UZ, BH, AL, UG, BN, BJ, TM, BF, TJ, TG, TD, DZ, SA, SS, SY, SR, SO, OM, GM, GY, GN, PS, KM, KG, KZ, CM, CI, LB, LY, MV, MY, EG, MA, MZ, NE, NG

AU/OAU (2002/1963 FTA): BI, BJ, CM, CF, r-CD, dr-CD, GY, GA, ST, CM, DJ, ER, ET, KE, MG, MU, RW, SC, SO, SS, s-SS, TZ, UG, DZ, EG, LY, MR, MA, EH, TN, AO, BW, EZ, LS, MW, MZ, NA, ZA, ZM, BN, BF, CV, CI, GH, GM, GN, LY, ML, NI, NG, SL, SN, TG, TD


EaEU (2012 FTA): AM, BY, KZ, KG, TJ, RU, VN*, CN*, RS*
BRICS (2009 FTA): CN, RU, BR, IN, ZA, AR*

CELAC (2013 NGO): AG, AR, BS, BB, BZ, BO, BR, CL, CL-rn, CO, CR, CU, DM, EC, SV, GD, GT, GY, HN, HT, JM, KN, LC, MX, NI, PA, PY, PE, PR, SR, VC, VZ

OAS (1978 NGO): AG, AR, BB, BS, BZ, BO, CL, CO, CU, CR, DM, EC, SV, GD, GT, GY, HN, HT, JM, KN, MX, NI, PA, PY, PE, SL, UY, VZ; US, CA

* observer, dialogue, or applicant member

by Cat on Mon Jun 27th, 2022 at 01:41:52 PM EST
[ Parent ]
BIS | BIS announces Renminbi Liquidity Arrangement, 25 June ground-floor op
The RMBLA aims to provide liquidity support and can be utilised by participating central banks during future periods of market volatility.

Each participating central bank contributes a minimum of RMB 15B or US dollar equivalent [$2.23B a/o 28.06.22], in RMB or USD, placed with the BIS, creating a reserve pool... The reserve pooling provides additional features as participating central banks would not only be able to draw down on their contributions, but would also gain access to additional funding through a collateralised liquidity window operated by the BIS up to an amount equivalent to the central bank's share of the collateralised liquidity window.

The BIS, as a bank for central banks < wipes tears >, is well positioned to implement this arrangement, given its existing banking relationships with the central banks and a highly liquid and flexible balance sheet.

CN, CN-hk, SG, CL, ID, MY: APEC ex  CN-tw, RU, VN, TH, PH, MX, CL, BN, PG, KR; US, AU, JP, NZ, CA
by Cat on Tue Jun 28th, 2022 at 03:39:00 PM EST
[ Parent ]
whitehouse | Press Gaggle by Press Secretary Karine Jean-Pierre and National Security Advisor Jake Sullivan En Route Madrid, Spain, 28 June NATO summiteer, Jake
... We will also have four Asia Pacific partners for the first time ever at a NATO summit.  This is consistent with President Biden's very strong view and central premise that the linkage in security between the Indo-Pacific and the Euro-Atlantic is only deepening.  And so, the ties between allies in the two theaters have to deepen as well, not because NATO is going to go be fighting wars in the Pacific but because there is an interconnection between the robustness and vitality of our Asia-Pacific alliances and our Euro-Atlantic alliances.  And so Japan, Korea, Australia, and New Zealand will all be present. ...
QUAD (2007 mil): US, AU, JP, IN (2021, KR* (2022)
PBP (2022 NGO): US, UK, NZ, JP, EU
IPEF (2022 NGO): US, AU, JP, IN, NZ, KR, ID*, BN*, MY*, PH*, SG*, TH*, VN*
by Cat on Tue Jun 28th, 2022 at 05:14:54 PM EST
[ Parent ]
Proposed price cap on Russian oil moves closer at G7 summit

Germany is probably the single G7 country most queasy about price caps. It fears a bust-up inside the EU over the proposal and that Putin may simply turn off the supplies of gas to Europe. Last week Russia cut gas flows by 60%, citing delays in maintenance equipment, but the explanation was not regarded as credible within the G7. A cut off now would leave Europe struggling to build up the gas reserves it needs to survive what could be a fraught winter.

EU countries have been directed to fill their gas reserves to a minimum of 80% but they are well short of that.

In further outreach to the global south, the German chancellor, Olaf Scholz, has invited the leaders of Argentina, India, Indonesia, Senegal and South Africa to the alpine summit on Monday.

While Argentina and Indonesia voted at a crucial UN vote to condemn Russia, the other three abstained.

President says Argentina would like to join BRICS | MercoPress |

Argentine President Alberto Fernández Friday made a virtual appearance at this week's BRICS Summit, during which he asked that his country be admitted into the bloc alongside Brazil, Russia, India, China, and South Africa.

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 11:13:09 PM EST
Bundeskanzler Olof Scholz:

"We are united by our belief in democracy, and we are united by our belief in the rule of law. We work together on a security architecture for the world that ensures peace - I am sure we will succeed. #G7GER"

"All #G7 countries are concerned about the current crises: falling growth, rising inflation, shortages of raw materials and faltering supply chains. These are no small challenges, so we must share responsibility. @G7 is the right forum for this. #G7GER"

'Sapere aude'

by Oui (Oui) on Sun Jun 26th, 2022 at 11:14:54 PM EST

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 11:20:37 PM EST

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 11:31:28 PM EST
[ Parent ]
euronews | Queues return to Greek soup kitchens as inflation takes its toll
Pregnant teenage mums with empty fridges.

Thin pensioners with skyrocketing electricity bills.

Fishermen who've stopped fishing - because boat fuel is too expensive.

Farmers who have stopped farming - because they cannot pay for fertilizers or animal feed.

Single parents no longer able to buy ice cream for their kids.

Young men without work who have stopped visiting the supermarket and queue at soup kitchens....

archived EU27 minimum wages
by Cat on Mon Jun 27th, 2022 at 04:17:38 PM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Sun Jun 26th, 2022 at 11:32:36 PM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Fri Jul 1st, 2022 at 06:42:57 PM EST

'Sapere aude'
by Oui (Oui) on Sun Jul 3rd, 2022 at 01:29:05 PM EST

'Sapere aude'
by Oui (Oui) on Mon Jul 4th, 2022 at 06:13:35 PM EST

Scholz a passenger on the Biden Blitzkrieg train crossing the European continent ... decision to participate was quite easy, the unforeseen crisis has left Berlin baffled with little choice in policy. Take one on the chin ... as a famous boxer once said all strategies ended with getting the first punch in the mouth.

'Sapere aude'

by Oui (Oui) on Mon Jul 4th, 2022 at 06:16:29 PM EST
[ Parent ]
Cost of living: Germany seeks to defuse social 'time bomb'

Exacerbated by Russia's strategic strangling of EU gas supplies, inflation has risen to 7.6% in June, with politicians and senior officials already warning that energy would need to be conserved before the colder season begins in autumn.

"Citizens need to get by in their lives," Scholz said in an interview with the public broadcaster ARD on Sunday. "And, if the heating bill suddenly rises by a few hundred euros, then that can be a sum that many people can't really cope with." He called the situation a "social tinderbox."

One-off payments or wage hikes?

The chancellor went on to deny a story that had been through the German media over the weekend: that he was planning to resolve the issue with tax-free one-off payments to consumers.

Such one-off government payments, especially for heating bills, have been floated in the past week by members of his center-left Social Democratic Party (SPD). But the coalition government has been keen to underline that this was just one of many measures being considered.

Marcel Fratzscher, Ph.D., president of the German Institute for Economic Research (DIW), was among several economists to say that any solution needed to be long-term, not a one-off deposit. "Only higher wages and social benefits will compensate the damage for people on middle or low incomes," he told the DPA news agency. "One-off payments are not targeted, because a lot of people don't profit from them at all."

For their part, the major trade unions have already promised to negotiate hard. The heads of Germany's two largest unions, IG Metall, which represents 2.26 million industrial workers, and ver.di, the service workers' union, both gave interviews on Monday morning saying wages need to keep pace with inflation.

'Sapere aude'
by Oui (Oui) on Mon Jul 4th, 2022 at 06:20:07 PM EST
[ Parent ]

Clearly: there will be no war soli with me. We are in a fragile situation. What we need now is more growth impetus, more start-ups, more overtime to ensure our prosperity. Tax increases would sabotage the strengthening of the economy. CL

Lindner: No "war soli", but more overtime

Federal Finance Minister Christian Lindner (FDP) has rejected the demand of his Baden-Württemberg counterpart Danyal Bayaz (Greens) for "war solos". Lindner warned on Friday that massive tax increases such as "war solos" could strangle economic development. "We need more growth impetus, more start-ups, more overtime to ensure our prosperity. Tax increases would sabotage the strengthening of the economic situation," he told the German Press Agency in Berlin.

'Sapere aude'

by Oui (Oui) on Mon Jul 4th, 2022 at 06:21:37 PM EST
[ Parent ]

The employees in Saarlouis have gathered in front of the factory gate. They are angry, loudly demanding a future for the site. They just found out at a works meeting from the top floor of the US group that they will not be able to get an electric car at the location. Management simply turns its back on them. In 2025 their car, the Ford Focus, will be phased out. Until then, the employment guarantee fought for by IG Metall applies.

'Sapere aude'
by Oui (Oui) on Mon Jul 4th, 2022 at 06:23:00 PM EST
[ Parent ]
    [links added are mine as fact check - Oui]

From the word "go", the German MSM went into anti-Russian overdrive. The reporting in the most serious TV and radio stations has went down to the level of gutter press, 95% of what is being spouted by Ukrainian officials, is being re-produced as fact, while anything the Russians say is either lie or "cannot be verified by independent sources. Within days, the main Russian channels (and I honestly have no clue how few people actually saw them) like RT Germany were being barred from German TV/internet, certain videos on youtube regarding the war before 2022 where closed. There is a blog laying into the media policies in Germany and explaining what goes wrong ... but how many read that is unknown. Likewise, independent reporters like Alina Lipp get ostracized, have their German bank accounts closed and whatnot.

On the other side, the main German news broadcast Tagesschau, within the last 3 months, has 1.400+ programm hits for Selenskij, including 500+ videos. The reporting is just snippets of half-truths and half-facts, of late no mentions of any attacks on the Donbass, who, going by German TV, seemingly never existed before 2022 and whose people are seemingly all sad Ukrainians being swallowed up by the Russian empire, which follow Putin's maniacal plans of a Great Russia. It is basic propaganda ... and by now, to save face, they can't simply stop and get back to normal journalistic work. And that is what the German public is being fed for the best part of 4 months now. You get the feeling the modern day average German only becomes interested in things when it hits his/her pocket ...

And just don`t get me going on German politicians. I need to find my Men in Black DVD. As the author Tucholski once wrote: "Never underestimate the power of stupid people who are of the same opinion." If I look at the "big" countries of western Europe, only Macron seems (sic!) to be someone that you could call a diplomat of some standing. The rest are just people well equipped for some federal state post or minor ministry, but not global politics. Perfect marionettes

[Quote has many authors: Yuval Harari "One things that history teaches us is that we should never underestimate human stupidity."]

Posted by: CM of Berlin | Jul 4 2022 10:06 utc | 301

German journalist Alina Lipp faces 3 years behind bars for her reporting from eastern Ukraine

'Sapere aude'

by Oui (Oui) on Mon Jul 4th, 2022 at 06:25:04 PM EST

'Sapere aude'
by Oui (Oui) on Tue Jul 5th, 2022 at 08:09:22 PM EST

'Sapere aude'
by Oui (Oui) on Fri Jul 22nd, 2022 at 03:53:34 AM EST
The US-Russia War will likely further escalate and destruction and lives lost will continue.

'Sapere aude'
by Oui (Oui) on Fri Jul 22nd, 2022 at 03:55:35 AM EST

'Sapere aude'
by Oui (Oui) on Fri Jul 22nd, 2022 at 03:57:18 AM EST
War is good business. #WarProfiteers #ArmsTrafficking

If the Netherlands were to be attacked on its own territory, Defense could only participate for "a few days."

After years of budget cuts, the government is adding billions of euros to the Defense Budget. But eliminating the equipment and ammunition shortages won't be easy, Van der Maat said. "Now that global demand is skyrocketing, all those production lines in the defense industry are filling up."

'Sapere aude'

by Oui (Oui) on Fri Jul 22nd, 2022 at 04:20:26 AM EST

'Sapere aude'
by Oui (Oui) on Sat Jul 30th, 2022 at 11:48:26 PM EST

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