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The UK’s Decision to Extradite Assange Shows Why The US/UK’s Freedom Lectures Are a Farce

Posted by M. C. on June 18, 2022

The Assange persecution is the greatest threat to Western press freedoms in years. It is also a shining monument to the fraud of American and British self-depictions.

Real journalists often face threats of prosecution, imprisonment or even murder, and sometimes even mean tweets. Much of the American corporate media class has ignored Assange’s persecution or even cheered it precisely because he shames them, serving as a vivid mirror to show them what real journalism is and how they are completely bereft of it.

https://greenwald.substack.com/p/the-uks-decision-to-extradite-assange?utm_source=email

The eleven-year persecution of Julian Assange was extended and escalated on Friday morning. The British Home Secretary, Priti Patel, approved the U.S.’s extradition request to send Julian Assange to Virginia to stand trial on eighteen felony charges under the 1917 Espionage Act and other statutes in connection with the 2010 publication by WikiLeaks of thousands of documents showing widespread corruption, deceit, and war crimes by American and British authorities along with their close dictatorial allies in the Middle East.

This decision is unsurprising — it has been obvious for years that the U.S. and UK are determined to destroy Assange as punishment for his journalism exposing their crimes — yet it nonetheless further highlights the utter sham of American and British sermons about freedom, democracy and a free press. Those performative self-glorifying spectacles are constantly deployed to justify these two countries’ interference in and attacks on other nations, and to allow their citizens to feel a sense of superiority about the nature of their governments. After all, if the U.S. and UK stand for freedom and against tyranny, who could possibly oppose their wars and interventions in the name of advancing such lofty goals and noble values?

Having reported on the Assange case for years, on countless occasions I’ve laid out the detailed background that led Assange and the U.S. to this point. There is thus no need to recount all of that again; those interested can read the granular trajectory of this persecution here or here. Suffice to say, Assange — without having been convicted of any crime other than bail jumping, for which he long ago served out his fifty-week sentence — has been in effective imprisonment for more than a decade.

In 2012, Ecuador granted Assange legal asylum from political persecution. It did so after the Swedish government refused to pledge that it would not exploit the WikiLeaks founder’s travel to Sweden to answer sex assault accusations as a pretext to turn him over to the U.S. Fearing what of course ended up happening — that the U.S. was determined to do everything possible to drag Assange back to U.S. soil despite his not being a U.S. citizen and never having spent more than a few days on U.S. soil, and intending to pressure their long-time-submissive Swedish allies to turn him over once he was on Swedish soil — the government of Ecuadorian President Rafael Correa concluded Assange’s core civic rights were being denied and thus gave him refuge in the tiny Ecuadorian Embassy in London: the classic reason political asylum exists.

When Trump officials led by CIA Director Mike Pompeo bullied Correa’s meek successor, ex-President Lenin Moreno, to withdraw that asylum in 2019, the London Police entered the embassy, arrested Assange, and put him in the high-security Belmarsh prison (which the BBC in 2004 dubbed “the British Guantanamo”), where he has remained ever since.

After the lowest-level British court in early 2021 rejected the U.S. extradition request on the ground that Assange’s physical and mental health could not endure the U.S. prison system, Assange has lost every subsequent appeal. Last year, he was permitted to marry his long-time girlfriend, the British human rights lawyer Stella Morris Assange, who is also the mother of their two young children. An extremely unusual unanimity among press freedom and civil liberties groups was formed in early 2021 to urge the Biden administration to cease its prosecution of Assange, but Biden officials — despite spending the Trump years masquerading as press freedom advocates — ignored them (an interview conducted last week with Stella Assange by my husband, the Brazilian Congressman David Miranda, on Brazil’s Press Freedom Day, regarding the latest developments and toll this has taken on the Assange family, can be seen here).

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Deflationary Tsunami On Deck: A “Tidal Wave” Of Discounts And Crashing Prices

Posted by M. C. on June 18, 2022

Not everything is set for a deflationary crash: don’t expect luxury items to see price cuts. If anything, luxury prices for things like handbags and shoes are poised to keep climbing, said Oliver Chen, a retail analyst for Cowen: “Demand is so strong, and it’s a supply-constrained industry, generally, so quite the opposite rebalancing is happening.”

Tyler Durden's Photo

BY TYLER DURDEN

https://www.zerohedge.com/economics/deflationary-tsunami-deck-tidal-wave-discounts-and-crashing-prices

Three weeks ago, we showed readers what happens when the infamous “Bullwhip effect” reversal takes place by presenting the unprecedented surge in the “Inventory to Sales” ratio for a broad range of US retailers covering the furniture, home furnishings and appliances, building materials and garden equipment, and a category known as “other general merchandise,” which includes Walmart and Target. Since then, this ratio has only gotten even more extended, and as shown below it is now at the highest level since the bursting of the dot com bubble!

What does this mean for retailers and the price of goods? Three weeks ago we said “Think: widespread inventory liquidations” and added…

To be sure, not every product will see its price cut: commodities, whose bullwhip effect take much longer to manifest itself, usually lasting several years in either direction, are only just starting to see their price cycle higher. However, other products – like those carried by the Walmarts and Targets of the world – are about to see a deflationary plunge the likes of which we have not seen since the global financial crisis as retailers commence a voluntary destocking wave the likes of which have not been seen in over a decade.

Today both Wall Street and the mainstream media have caught up, with both predicting unprecedented deflationary price cuts in the coming weeks.

We start with Morgan Stanley’s bearish strategist Michael Wilson, who in his latest bearish weekly note (available to pro subs) focused on shrinking margins in general, and on retailer discounting in particular, and wrote that while there is a modest pick up in over sales, the far more concerning issue is that “inventory across the sector is up about 30% YOY and sales growth is up about 0% YOY translating to approximately 30% YOY of excess inventory” and while mark down/margin pressure did not hit in 1Q it should hit June/July. Indeed, “store checks show that aggressive discounting has already started as of the Memorial Day holiday weekend. Discounting pressure could accelerate through July.”  And since more retailers are now discounting, “companies are having to offer even bigger discounts to compel consumers to buy, and it is a race to the bottom in margins in order to clear through inventory.”

It gets much worse, however, because courtesy of the delayed nature of the bullwhip effect, Morgan Stanley thinks it will be some time before retailers can cut back on forward inventory orders! Companies are no longer in a position to order 6 months in advance because of delays in the supply chain, and are currently working with about an 8 month lead time. Shockingly, this means decisions today to cut forward orders could begin to eliminate the inventory problem in 1Q23, but not likely before then.

As a result, Wilson concludes, “we are likely to see a tidal wave of discounts that carry us through December because 2022 inventory orders have already been placed.

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Do you want to feel better?

Posted by M. C. on June 17, 2022

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Mississippi Delta Blues, from Jimmie Rodgers

Posted by M. C. on June 17, 2022

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The Fed Is Winging It: A 75 Basis Point Hike “Seemed like the Right Thing”

Posted by M. C. on June 17, 2022

When asked to quantify how a 75-point hike is better than a 50-point one, Powell had no answer. And will it work? Powell could only say “we’ll know when we get there.”

https://mises.org/wire/fed-winging-it-75-basis-point-hike-seemed-right-thing

Ryan McMaken

The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate, raising the rate to 1.75 percent from 1 percent. June’s meeting today was the third meeting this year at which the FOMC has raised rates. Coming into the March meeting this year, however, the FOMC had not raised the target rate since March 2020, even though price inflation began to accelerate during the second half of 2021.

fomc

Today’s 75 basis point increase is the largest increase since late 1994, when the FOMC raised the target rate from 4.75 percent to 5.5 percent.

Notably, however, this increase comes mere weeks after the Fed chair Jerome Powell slapped down the idea of a 75 basis point increase in June. As Reuters reported on May 4, Powell had insisted “a 75 basis point increase is not something that the committee is actively considering.”

That didn’t last long.

The fact that the Fed was forced to hike the target rate by more than it had suggested was even possible earlier in the year is a reminder that the Fed and its economists are simply in a reactionary mode when it comes to the US economy’s problem with mounting price inflation.

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The Great Reset: Turning Back the Clock on Civilization

Posted by M. C. on June 17, 2022

Based on the WEF agenda, the successful completion of the current industrial transformation will require redesigning and controlling every minuscule aspect of human life and behavior, including the private spheres of individuals, the economy, politics, and societal organizations, without the possibility of voluntary and spontaneous cooperation between individuals based on their will, values, thoughts, and beliefs. 

https://mises.org/wire/great-reset-turning-back-clock-civilization

Birsen Filip

The covid-19 pandemic featured an unprecedented fusion of the interests of large and powerful corporations with the power of the state. Democratically elected politicians in many countries failed to represent the interests of their own citizens and uphold their own constitutions and charters of rights. Specifically, they supported lockdown measures, vaccine mandates, the suppression of a variety of early treatment options, the censorship of dissenting views, propaganda, interference in the private spheres of individuals, and the suspension of various forms of freedom. All of these policies and measures were centrally designed by the social engineers of the pandemic.

Globalists, who are obsessed with societal control, decided to take advantage of the pandemic in order to increase their authoritarian power. Prominent among them was, Klaus Schwab, founder and executive chairman of World Economic Forum (WEF). In June 2020, he stated that “the pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world.” According to him, “every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed.”

It is no secret that the WEF has focused on accelerating the implementation of central planning for the entire global population since the early days of pandemic. This plan to establish a new world order, known as the Great Reset, was a key theme at the recent annual meeting of the WEF, which was held during May 22–26 in Davos, Switzerland.

Drastic changes to the world order like the Great Reset do not happen spontaneously; rather, they are designed by global policy makers, including influential billionaires, politicians, celebrities, biased academics, wealthy philanthropists, and the bureaucrats of international organizations and institutions. These types of people support social engineering, because it will enable them to acquire control over the world’s wealth and natural resources, and strengthen their ability to shape society as they see fit.

Like their predecessors across history, the social engineers of the WEF believe that “there must be no spontaneous, unguided activity, because it might produce results which cannot be foreseen and for which the plan does not provide. It might produce something new, undreamt of in the philosophy of the planner.”1

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Why H.G. Wells’ ‘The Shape of Things to Come’ Has Arrived Today

Posted by M. C. on June 17, 2022

In fact, it was Rupert who taught the two men this manner of thinking that “murder is a crime for most men, but a privilege for the few.” This is reasoned by the belief that “moral concepts of good and evil do not pertain to the superior being.”

By Cynthia Chung
Strategic Culture

It no coincidence that our entertainment industry today, so heavily saturated with the influence of Wells’ propaganda, is obsessed with the theme of a post-apocalyptic world, Cynthia Chung writes.

“It has become apparent that whole masses of human population are, as a whole, inferior in their claim upon the future, to other masses, that they cannot be given opportunities or trusted with power as the superior peoples are trusted, that their characteristic weaknesses are contagious and detrimental to the civilizing fabric, and that their range of incapacity tempts and demoralizes the strong. To give them equality is to sink to their level, to protect and cherish them is to be swamped in their fecundity. “

– H.G. Wells’ in “Anticipations of the Reaction of Mechanical
and Scientific Progress upon Human Life and Thought” 1901

In “The Shape of Things to Come: The Ultimate Revolution” (published in 1933), H.G. Wells writes of the future predicting, rather optimistically, that there will be another world war in just a few years, followed by epidemic and famine. In this fictional future, war continues for thirty years into the 1960s, despite the people having forgotten why they started fighting. Humanity enters a new Dark Age. In a last bid for victory, the enemy deploys a biological weapon resulting in the “wandering sickness,” producing the first zombies, and by 1970 the global population has dropped to a little under one billion.

Though this is depicted as horrific, it is at the same time depicted as a necessity – a “great reset,” to restore the “balance” so to speak. It is only with this reduced population size that the world can begin to build itself back together from the chaos that it was, and enter into its new phase of evolution as a biologically superior species (the inferior having been culled by war and disease), managed by a bureaucratic system under the form of a world government.

This is the sci-fi fantasy of H.G. Wells and is the central theme to everything he wrote including his works of non-fiction. The subject on ways to reduce the world population was a troubling dilemma for Wells…not the reducing part, but the thought that there would be those so foolish as to forbid it.

You see, it was considered by some that the human species had found itself in a crisis by the 1900s. Europe, up until the 17th century had a population size that never exceeded roughly 100 million. But nearly doubled to 180 million in the 18th century, and doubled again to 390 million in the 19thcentury. H.G. Wells wrote of this “the extravagant swarm of new births” as “the essential disaster of the nineteenth century.” (1) Not war, not disease, not starvation, not abject poverty, but population growth was determined as the disaster of an entire century.

Today the world population is 7.9 billion people, a far cry from Wells’ hopeful 1 billion. However, there is good news! The worldometers.info site predicts a decreasing net change in population growth, such that by year 2050 the yearly change will be 0.50% of what it is now! In other words, the rate of population growth will be cut in half 29 years from now! Those are striking projections and would entail a massive cap on growth! Obviously, this is a projection based off of the presumed success of “educational reforms.” Though I do wonder…what will we do if not all of the individuals agree to abide by these reforms? And what will we do if not all of the nations agree to abide by these reforms? Will we enforce it nonetheless, and if so…by what methods?

The Ghosts of Wells’ Past

“The knowledge of today is the ignorance of tomorrow”

G. Wells

The Wells that we have come to know today started his journey as a young boy winning a scholarship to study at the prestigious Normal School of Science (now called the Royal College of Science). His subject of choice was biology and his teacher, and quickly thereafter mentor, was none other than Thomas Huxley, otherwise known as “Darwin’s bulldog” (his words).

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Oil Companies Unload On Biden After His Thinly-Veiled Threats

Posted by M. C. on June 17, 2022

By Thomas Catenacci
Daily Caller

“The timing and reasons for shutdowns of several refineries, including the Philadelphia Energy Solutions and Shell Convent refineries, were primarily due to lack of buyers willing to continue operating the facilities as petroleum refineries given growing rhetoric about the long-term viability of the industry,” the letter continued.

Whose fault is that?

https://dailycaller.com/2022/06/16/oil-companies-industry-refineries-joe-biden/

Oil companies and industry trade groups criticized President Joe Biden after he sent a letter to them threatening action over high gasoline prices.

Biden penned a letter to seven major oil companies Tuesday insisting they increase oil refining operations to counter declining fuel supplies and inventories nationwide. The American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) sent a letter to the White House Wednesday evening, saying energy companies are refining at an increasingly high rate and government policies have injected uncertainty into the industry, in a response sent to the White House on Wednesday evening.

“Refiners do not make multi-billion-dollar investments based on short-term returns,” the two groups wrote in the joint letter to Biden. “They look at long-term supply and demand fundamentals and make investments as appropriate. To that end, following on your campaign promise to ‘end fossil fuel,’ consider just some of the policy and investment signals being sent by various federal agencies and allied state governments to the market about our refining industry.”

“The timing and reasons for shutdowns of several refineries, including the Philadelphia Energy Solutions and Shell Convent refineries, were primarily due to lack of buyers willing to continue operating the facilities as petroleum refineries given growing rhetoric about the long-term viability of the industry,” the letter continued.

On Wednesday, several of the companies Biden addressed in his warning letter responded in force, echoing the industry groups’ response. They noted their refinery utilization rates are high and that the president’s policies are holding them back.

“Specific to refining capacity in the U.S., we’ve been investing through the downturn to increase refining capacity to process U.S. light crude by about 250,000 barrels per day – the equivalent of adding a new medium-sized refinery,” ExxonMobil said in a statement shared with The Daily Caller News Foundation. “We kept investing even during the pandemic, when we lost more than $20 billion and had to borrow more than $30 billion to maintain investment to increase capacity to be ready for post-pandemic demand.”

“Longer term, government can promote investment through clear and consistent policy that supports U.S. resource development, such as regular and predictable lease sales, as well as streamlined regulatory approval and support for infrastructure such as pipelines,” the company’s statement continued.

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Trudeau Is Lying – Canadian Air Patrols Near China Are Not On ‘UN Mission’

Posted by M. C. on June 17, 2022

Moon of Alabama

The ‘multinational’ behind the effort are the U.S. and its usual proxies. But if that were a UN or UN approved mission China and Russia must have agreed to it at the UN Security Council. They never did.

Still Trudeau insists on the UN smoke screen:

Or is Trudeau doing the Pentagram’s dirty work?

https://www.moonofalabama.org/2022/06/trudeau-is-lying-canadian-air-patrols-are-not-on-un-missions-they-are-spying-on-china.html#more

Canada falsely claims that it is implementing international law when its airplanes are in fact spying on China.

On June 2 the Canadian Globe & Mail reported of a Chinese interdiction of a Canadian reconnaissance aircraft:

Canadian military accuses Chinese warplanes of harassing its patrol aircraft on North Korea sanctions mission

Canada’s military has accused Chinese warplanes of harassing its patrol aircraft as they monitor North Korea sanction evasions, sometimes forcing Canadian planes to divert from their flight paths.

On several occasions from April 26 to May 26, aircraft of the People’s Liberation Army Air Force (PLAAF) approached a Royal Canadian Air Force (RCAF) CP-140 Aurora long-range patrol aircraft, the Canadian Armed Forces said in a statement on Wednesday.

Such interactions are of concern and of increasing frequency, the Canadian military said, noting that the missions occur during United Nations-approved operations to implement sanctions on North Korea.

The Canadian aircraft were part of Ottawa’s “Operation NEON”, which sees military ships, aircraft and personnel deployed to identify suspected sanctions evasions at sea, including ship-to-ship transfers of fuel and other supplies banned by United Nations Security Council resolutions.

Did the United Nations really give Canada a mission or even a right to identify sanction evasions at high sea or near North Korea? I would find that astonishing.

Four days later the Canadian Prime Minister Justin Trudeau was asked about the incidents. His answers came after China had explained its position:

China’s foreign ministry is warning Canada that provoking Beijing could bring “grave consequences” after the Canadian military last week accused Chinese warplanes of harassing its aircraft, which are monitoring North Korea’s compliance with United Nations sanctions.

Chinese Ministry of Foreign Affairs spokesperson Zhao Lijian suggested during a media briefing in Beijing on Monday that these patrols by Canadian and allied aircraft are illegal. “The UN Security Council has never authorized any country to carry out military surveillance in the seas and airspace of other countries in the name of enforcing sanctions,” he told reporters.

Trudeau’s response to that is somewhat muddled:

Prime Minister Justin Trudeau, in response, defended the patrols, which he said are part of a multinational effort to enforce UN sanctions. He warned Beijing that pilots on both sides are in danger of behind hurt or killed by China’s behaviour.

“China’s actions are irresponsible and provocative in this case, and we will continue to register strongly that they are putting people at risk while at the same time not respecting decisions by the UN to enforce UN sanctions on North Korea,” he told reporters during a press conference in Ottawa with Chile’s President on Monday.

Chinese fighter pilots have recently stepped up aggressive behaviour against Canadian military aircraft flying in international airspace near North Korea.

A “a multinational effort to enforce UN sanctions” is something different than a “United Nations-approved operations to implement sanctions on North Korea” which the Canadian military claimed.

Since 2019, Canada has from time to time dispatched a naval frigate or long-range patrol aircraft to help monitor ocean approaches to North Korea as part of a multinational approach, with the United States and other allies, to enforce sanctions against Pyongyang over its nuclear weapons program. The area under patrol includes the contested East China Sea, above which China established an aircraft defence identification zone in 2013.

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Doctors, Psychotherapists, Liars and Butchers

Posted by M. C. on June 16, 2022

Read and share the article on the Telegraph website –

Think the 17th Assistant Secretary for Health, Pennsylvania’s finest

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