Distinction Matter - Subscribed Feeds

  1. Site: Zero Hedge
    2 weeks 3 days ago
    Author: Tyler Durden
    Bitcoin & Bullion Back Near Record Highs As Rate-Cut Bets Battered

    Ahead of the event risk of CPI, PPI, and FOMC Minutes this week, stocks ambled along while the STIRs market eviscerated more rate-cut hope, sending Treasury yields higher and gold and crypto also soared amid 'policy error' fears and geopolitical tensions.

    VIX is certainly primed for some action this week (and then to return to normal)...

    Source: Bloomberg

    Rate-cut expectations for June fell back below 50%...

    Source: Bloomberg

    ...and the market is now pricing in only 62bps of cuts in 2024...

    Source: Bloomberg

    As 'No Landing'/Reflation starts to dominate the 'Soft Landing' narrative...

    Source: Bloomberg

    Treasuries were mixed today with the long-end outperforming (2Y +4bps, 30Y unch)...

    Source: Bloomberg

    ...which flattened the yield curve (2s30s)...

    Source: Bloomberg

    Stocks, broadly speaking, went nowhere today, except for Small Caps which pumped and dumped and pumped around the cash open. A late-day selloff made things worse...

    Interestingly, 0-DTE traders fought the good fight today, buying calls aggressively into the equity market decline around lunchtime. While it stalled the decline, it did not prompt a rebound...

    Source: SpotGamma

    The MAG7 stock basket went nowhere on the day...

    Source: Bloomberg

    'Most Shorted' stocks squeezed higher at the open and then went deadstick for the rest of the day...

    Source: Bloomberg

    The dollar fell back towards Thursday's lows today, after spiking back up on Friday's payrolls print...

    Source: Bloomberg

    Bitcoin soared back near record highs today nearing $73,000...

    Source: Bloomberg

    But, Ethereum (back above $3700) has dramatically outperformed Bitcoin in the last few days ...

    Source: Bloomberg

    ...having bounced off critical support...

    Source: Bloomberg

    ...Perhaps as hope of an imminent ETH ETF re-awakens...

    Several ETF issuers have met w/ SEC re: spot ether ETF, but according to Barron’s…

    “Those discussions have largely been one-sided, w/out the agency giving companies critical feedback needed to finalize their products.”

    May 23rd deadline quickly approaching.

    via @joelight pic.twitter.com/TFUfXB1ZjL

    — Nate Geraci (@NateGeraci) April 8, 2024

    Spot Gold prices topped $2350 overnight - a new record high - amid a frenzy of Chinese interest...

    Source: Bloomberg

    Oil prices fell overnight amid headlines that Israel was pulling troops out of Gaza but that quickly reversed on reality that it was a small withdrawal and then Bibi confirmed a data for an attack on Rafah...

    Source: Bloomberg

    Finally, when will rates matter?

    Source: Bloomberg

    Maybe after this week's Fed Minutes spoil the party?

    Tyler Durden Mon, 04/08/2024 - 16:00
  2. Site: RT - News
    2 weeks 3 days ago
    Author: RT

    The unnamed woman who had lived in Sweden for years has been declared a security threat

    Sweden has invoked national security grounds to deport a Chinese national who had lived in the country for 20 years, her lawyer told reporters on Monday.

    The 57-year-old woman worked as a journalist and allegedly had contacts with the Chinese embassy and “people connected with the Chinese government," according to the Swedish public broadcaster SVT. She has not been named.

    “The security police have argued that it can be assumed that my client may pose a serious security threat,” attorney Leutrim Kadriu told the outlet. “It is difficult for me to go into exact details, given that much is shrouded in secrecy, as this is a national security matter.”

    Kadriu’s client was arrested in October and a court ordered her to be deported last week, he told the broadcaster. The Migration Agency and the Migration Court agreed with the Swedish government that she was a national security risk, even though she had spent two decades in the country, married a Swedish man and had children with him, he added.

    Justice Minister Gunnar Strommer told Reuters that the woman lost her appeal against deportation “under the law on the special control of certain foreigners.” A spokesperson for the Swedish Security Service (SAPO) said its actions were in line with the agency’s mission “to protect Sweden and democracy.”

    Read more Secretary General Jens Stoltenberg holds the closing press conference at the NATO headquarters  on April 04, 2024 in Brussels, Belgium NATO chief calls on members to stand up to ‘authoritarian powers’

    The Chinese journalist has denied all allegations and maintains she is not a security threat.

    According to SVT, the Chinese embassy in Stockholm had paid the woman for some articles published on her website. She had also hosted Chinese officials and businessmen visiting Sweden and sought to arrange meetings for them with Swedish officials.

    Commenting on the controversy, the Chinese embassy said that Beijing has always requested Chinese citizens to comply with the laws and regulations of their host countries, while expecting Sweden to “guarantee that the legitimate rights and interests of Chinese citizens in Sweden are not violated.”

    “We oppose causing trouble by spreading rumors, oppose ideologicalization, oppose groundless accusations and slanders against China,” the embassy added.

    Sweden abandoned its 200-year policy of neutrality in 2022, citing the Ukraine conflict to apply to NATO. It became a member of the US-led military bloc last month, after running into delays due to political disputes with Türkiye and Hungary.

  3. Site: Fr. Z's Blog
    2 weeks 3 days ago
    Author: frz@wdtprs.com (Fr. John Zuhlsdorf)
    Annunciation by John Donne (+1631): Salvation to all that will is nigh; That All, which always is all everywhere, Which cannot sin, and yet all sins must bear, Which cannot die, yet cannot choose but die, Lo, faithful virgin, yields … Read More →
  4. Site: Zero Hedge
    2 weeks 3 days ago
    Author: Tyler Durden
    Here's What Will Push Oil Above $100/Bbl

    Back in early December, just after Powell's dovish pivot shocked everyone, many closet oil bulls like BofA's energy strategist Francisco Blanch, predicted that a dovish Fed would send oil back to $100. Unfortunately for him, oil did nothing and just one month later, as no oil buying had materialized, Blanch threw in the bullish towel and cut his oil price forecast by 11%, ironically bottom ticking to the dot oil just as it was about to soar by 20% in the next three months, an ascent which was capped with... Blanch raising his Brent oil price forecast.

    To be sure, BofA wasn't the only one to predict $100 oil: two weeks ago JPMorgan commodity analyst Natasha Kaneva was looking at Russia's unexpected pivot to producing less oil than it was allowed, and wrote that "the shift in Russia’s oil strategy is surprising" and "at face value, and assuming no policy, supply or demand response, Russia’s actions could push Brent oil price to $90 already in April, reach mid-$90 by May and close to $100 by September, keeping pressure on the US administration in the run-up to elections."

    In short, the fate of Biden's re-election was now in the hands of Putin if the Russian leader wanted to push up the price of oil back to triple digits by limiting output, and the only recourse Biden has - according to JPMorgan - was releasing another 60 million barrels of oil from the SPR (see full JPM note here).

    But it increasingly appears that $100+ oil is inevitable, regardless of what Putin does or does not do, and as Bloomberg writes over the weekend, the odds of $100 oil are rapidly rising, because while the recent surge in po; above $90 just days ago was blamed on escalating military tensions between Israel and Iran, "the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence."

    Consider: a recent move by Mexico to slash its crude exports is compounding a global squeeze, prompting refiners in the US (the world’s biggest oil producer) to consume more domestic barrels. At the same time, American sanctions have stranded Russian cargoes at sea, with Venezuelan supply a potential next target. Meanwhile, Houthi rebel attacks on tankers in the Red Sea have delayed crude shipments, and despite all the "turmoil", OPEC and its allies are sticking with their production cuts.

    It all adds up to a magnitude of supply disruption that has taken traders by surprise. The crunch is turbocharging an oil rally ahead of the US summer driving season, threatening to push Brent crude, the global benchmark, to $100 for the first time in almost two years; in fact the last time oil was trading there, Joe Biden was draining the SPR to the tune of several million barrels per week. That’s amplifying the inflation concerns that are clouding US President Joe Biden’s reelection chances and complicating central banks’ rate-cut deliberations.

    For oil, “the bigger driver right now is on the supply side,” said Amrita Sen, founder and director of research at Energy Aspects. “You have seen quite a few pockets of supply weakness, and demand overall on a global basis is healthy.”

    According to Bloomberg, oil shipments from Mexico, a major supplier in the Americas, slid 35% last month to their lowest since 2019 as President Andres Manuel Lopez Obrador tries to make good on promises to wean the country off costly fuel imports. The country’s exports of so-called sour crude — the heavy, dense kind that many refineries are designed to process — now stand to shrink even further as state-controlled oil company Pemex is now planning on cutting an additional 330 kb/d in May, Reuters reported citing sources.

    That decision has roiled oil markets around the world. Mars Blend, a medium-density sour crude from the US Gulf Coast, has in recent days risen to a multi-year premium over lighter WTI, the national benchmark. Mars usually trades at a discount to WTI. Brent crude hit $90 a barrel on Thursday, the highest since October, and extended gains on Friday. JPMorgan said it could hit $100 by August or September.

    Canadian Cold Lake oil priced at the Gulf Coast traded at the narrowest discount to WTI in almost a year. Key indicators for Middle Eastern medium-sour crude, such as Oman and Dubai contracts, are rallying too.

    To be sure, it's not just Mexico's fault: back in February we first warned that long before hedge funds - all heavily short crude - realized what was coming, the physical market was screaming tightness with the Brent prompt spread exploding to a backwardation around 90 cents after tumbling to a multi-year low in late December.

    And indeed, a closer look at oil supply showed that there was a clear drop off in production which would guarantee higher prices.

    The sharp drop in output in early 2024 came before Mexico’s move, when we noted a sequence of supply disruptions both large and small: in January, a deep freeze ate away at crude output and inventories in the US at a time when they would normally grow, keeping stockpiles below seasonal averages through late March. Then, Mexico, the US, Qatar and Iraq cut their combined oil flows by more than 1 million barrels a day in March, tanker tracking data showed (Baghdad pledged to limit output to make up for non-compliance with prior pledges to OPEC+).

    Also adding to the tightness, OPEC member the United Arab Emirates curbed shipments of its Upper Zakum, a medium-sour oil, by 41% in March compared with last year’s average, according to Kpler data. The state oil company is diverting more supplies of that crude to its own refinery, traders told Bloomberg. Though the cuts were expected and Abu Dhabi National Oil Co. is offering buyers another type of crude as a substitute, the decline in Upper Zakum exports is contributing to higher regional prices amid the broader OPEC+ curtailment.

    Crude markets in Europe, meanwhile, were pressured higher by the Houthi attacks in the Red Sea, which sent millions of barrels of crude on a detour around Africa, delaying some supplies for weeks. Disruptions to a key North Sea pipeline, unrest in Libya and a damaged pipe in South Sudan also contributed to the rally, while US sanctions have deprived Russia of tankers that previously transported its oil to buyers including India.

    Making matters worse for Biden who is absolutely terrified of higher oil and gas prices, the supply pinch could become even more acute in the weeks ahead.  That's because Venezuela dictator Nicolas Maduro is showing no sign of heeding promises he made to Biden and other "democracies" to move toward free and fair elections, in response the Biden administration could reimpose sanctions this month, although it most likely won't as it would mean an even lower approval rating for the outgoing US president, confirming once again just how malleable and laughable western "democratic" ideals are.

    The plunge in supply - which we warned about two months ago, and which has materialized now - is a stark contrast from just a few months ago, when oil plunged to multi-month lows as US production climbed and Russian seaborne crude exports ratcheted higher despite sanctions, which have since been expanded. The US Energy Information Administration, after forecasting global inventories to remain unchanged this quarter, now predicts they’ll fall by 900,000 barrels a day. That’s the equivalent to the production from Oman.

    Putting it all together, Goldman - which has turned decidedly less bullish on oil ever since the firm's iconic commodity analyst Jeff Currie quit last year - last night published a report (available to pro subscribers) in which it said that the market is finally pricing in "firm demand and geopolitical supply risks, which together have boosted positioning and valuation."

    And while Goldman expects Brent to stay below $100/bbl in its base case in which the bank assumes:

    1. already solid demand,
    2. no additional geopolitical supply hit, and
    3. that elevated spare capacity will lead OPEC+ to raise production in Q3.

    ... the bank warns that "geopolitical impediments to OPEC’s ability/desire to deploy spare capacity could send Brent above $100."  Needless to say, when it comes to "base case" forecasts from Goldman's research desk (not to be confused with the bank's terrific Sales and Trading desk), they virtually always end up being wrong, which is why $100 oil is now virtually guaranteed. 

    Goldman also listed other reasons why Brent could reach $100, including i) the Russia-Ukraine or Middle East conflicts may damage upstream, midstream, or downstream oil infrastructure, and ii) Iranian oil supply may decline on disruptions or under a potentially more hawkish US.

    Below we excerpt from the Q&A attached to the Goldman report (the full note is available to pro subs in the usual place).

    Q. Why have crude oil prices rallied?

    Brent has rallied to $91/bbl because the market is now pricing in a firmer demand outlook and some geopolitical downside risks to oil supply, which together have boosted positioning and valuation.

    Upgraded market expectations of oil demand have fueled the rally.

    • First, the IEA forecast of 2024 oil demand growth has crept higher on solid oil demand data outside China, and GDP upgrades.
    • Second, sentiment about demand in investor conversations has turned from bearish to constructive.
    • Third, oil prices have also risen after strong activity releases this week, including manufacturing surveys in China, the US, and India and US employment.

    The geopolitical risk premium—the compensation investors demand for the risk that geopolitical shocks reduce oil supply—has also picked up following attacks on Russian refineries, and rising Iran-Israel tensions. That said, the cost of insuring against oil price spikes remains less elevated than in October 2023 and in 2022, because Middle East crude production remains unaffected by the war (Exhibit 1).

    As the market is now pricing in firm demand and geopolitical supply risks and as oil demand for inflation hedging has picked up, measures of positioning and valuation have risen sharply. Net managed money in crude and refined products has surged by over 400 million barrels since December (Exhibit 2). Our pricing framework suggests that actual Brent 1/36m timespreads have shifted from significantly undervalued in December to now modestly overvalued based on our nowcast of OECD inventories and our assumption of a modest 0.4mb/d Q2 deficit.

    And the punchline: Q. What could push Brent oil prices above $100/bbl?

    We see only modestly bullish risks to our non-OPEC+ balance from firmer demand in Europe, and likely temporary softness in US supply. In contrast, we believe that lower OPEC supply for longer, for instance because of geopolitical impediments to OPEC’s ability and/or desire to deploy spare capacity, could send Brent above $100 for some time.

    Specifically, we see upside risks to our 2023Q3 Brent forecast of $86/bbl in several potential geopolitical scenarios:

    • OPEC+ may extend the existing production cuts further in a context of increased tensions between the West and several key OPEC+ countries
    • The Russia-Ukraine or Middle East conflicts may damage upstream, midstream, or downstream oil infrastructure (as has happened to Russian refineries)
    • Iranian oil supply may decline on disruptions or under a potentially more hawkish US Administration
    • While highly unlikely, we estimate that an interruption of oil flows through the Strait of Hormuz would lead oil prices to rise 20% in the first month and eventually double if the interruption persisted for several months

    Translation: not just Putin, but all of OPEC+ now controls the outcome of the 2024 US election.

    More in the full note available to pro subscribers.

    Tyler Durden Mon, 04/08/2024 - 15:45
  5. Site: Catholic Conclave
    2 weeks 3 days ago
    According to our information, Pope Francis reinstates the title of Patriarch of the West (Old Rome) in the annual Vatican Diptychs (Pontificio Annuario del Vaticano 2024), which will be released next Tuesday.The title, which was removed by Pope Benedict XVI, after pressure from the conservative circles of the Vatican and at the urging of the theologian Adriano Garuti, from the Dicastery for the Catholic Conclavehttp://www.blogger.com/profile/06227218883606585321noreply@blogger.com0
  6. Site: ChurchPOP
    2 weeks 3 days ago
    Author: Jacqueline Burkepile

    Popular social media personality, pro-life advocate, and mother of four Jessica Hanna, known for her social media handle, "Blessed By Cancer," passed away on April 6, 2024, after a long battle with cancer.

    ChurchPOP previously reported that Hanna refused abortion after she was diagnosed with terminal breast cancer amid her pregnancy in 2020. Following the birth of her baby in 2021, she was miraculously healed of cancer.

    However, the cancer returned in 2022.

    Hanna used her voice on social media, particularly Instagram, to promote joy in suffering, encouraging her followers to offer their sufferings to Christ.

    She also regularly encouraged devotion to the saints, the Blessed Mother, and the sacraments, and led live prayer with her followers. She especially encouraged devotion to the Blessed Mother through the Holy Rosary and the Seven Sorrows of Mary.

    She currently has over 45,000 Instagram followers.

    In a Nov. 2022 "Yes Catholic" podcast episode, Hanna explained why she named her social media accounts "blessed by cancer."

    "I call myself 'blessed by cancer' because without this suffering I would never have abandoned the world and FINALLY put the entire focus on my eternal life. No matter how my story continues or where my ministry takes me, I know one thing for certain…God’s plan is my only plan, I have no plan B!"

    One of Hanna's last personal posts entitled, "My Good Friday," depicts her lying in a hospital bed. She describes uniting her suffering with Christ's but stresses that she deserves this suffering, while Christ did not.

    "...be joyful in your sufferings because Christ made suffering redemptive when He expired on the cross. Do not despair, instead offer and rejoice!" Hanna wrote. "Your Good Friday will soon become Easter Sunday…so long as you first pick up your cross and not run from it."

    On April 6, Hanna's husband Lamar announced her death. As of this writing, the post generated over 26,000 likes and more than 5,000 comments.

    Catholics on Instagram responded with sorrow over the announcement. However, they also expressed joy, referring to her as "a saint" and an inspiration for holiness in suffering.

    Here's what some users said:

    "Jessica you are a saint," Katie from Sweet Catholic Life wrote.

    "I’m so sorry for your loss. We will certainly keep you and your family in our prayers," Keith from Grassroots Catholic also said. "If there ever was a prime example of a saint in today's world, it’s Jessica."

    "A most beautiful soul. Thanks be to God for Jessica," Brittany from A Catholic Convert added. "She has touched so many hearts, including my own. A beautiful and joyful saint now in heaven."

    "I’m deeply sorry for your loss," Annie from "Catholic Wife, Catholic Life" posted. "Her constant encouragements to keep the faith and pray in the face of uncertainty and suffering are something I will not soon forget. I will pray for you and all her loved ones."

    "Divine Mercy Sunday...It is clear Jesus reached for her hand, and personally walked her into eternal Glory," Instagram user Maricruz Saucedo also said. "Soon to be Blessed Jessica - I saw Jesus through you. I saw Mercy, I saw grace, I saw purification, and was amazed."

    "Rest in peace, dear Jessica. Will continue to pray for your soul just like you asked us to when this time came," Maggie from Saintly Heart also wrote. "Though you lived your life of suffering with joy and strength–that only a Saint can do. So pray for us too!"

    Eternal rest grant unto Jessica, O Lord, and let perpetual light shine upon her. May her soul and the souls of all the faithful departed, through the mercy of God, rest in peace. Amen.

  7. Site: LifeNews
    2 weeks 3 days ago
    Author: Steven Ertelt

    In new comments about abortion, independent candidate Robert F. Kennedy says he would support creating a nationwide right to kill babies in abortions.

    His comments come at a time when Donald Trump has released a statement saying he supports states protecting babies from abortions and has exceptions for rape and life of the mother.

    “I would sign a federal law that guaranteed women have a right to choose. I think women should make the choice. I don’t think government should make the choice,” Robert F. Kennedy said.

    Kennedy appeared on the KSRM radio show, where host Bob Bird asked whether he would “veto or sign a restoration of Roe versus Wade as federal statutory law.”

    Kennedy confirmed he supports abortion without limits.

    “Here’s what my position is, Bob, and I know that I’m different than you on this. I come from a family that was, went from pro-life to pro-choice,” he said. “And so I grew up with family members who I love, who I talk to, who I respect, who didn’t feel that the way about it is—I went back and forth throughout my life. I’ve been for the past fifteen years, I’ve been the premiere advocate in the country for medical freedom and for bodily autonomy. So I don’t believe that government or any government bureaucrat ought to be able to tell people what to do with their bodies,” he said.

    Kennedy, nephew of President John F. Kennedy and son of the late Attorney General Robert Kennedy, previously confirmed on multiple occasions that he supports abortions up to birth. As such, his new statement is consistent with his long-held pro-abortion position.

    Last year, Kennedy confused voters with conflicting statements about abortion, but ultimately confirmed he supports abortions up to birth with no limits.

    “I believe a decision to abort a child should be up to the women during the first three months of life,” Kennedy said an in interview at an event in Iowa.

    Asked whether he would sign a ban on abortions at 15 or 21 weeks, Kennedy said yes.

    “Once a child is viable, outside the womb, I think then the state has an interest in protecting the child,” he continued, adding “I’m for medical freedom. Individuals are able to make their own choices.”

    Click here to sign up for pro-life news alerts from LifeNews.com

    That initial answer earned him praise from the pro-life group SBA List for at least being less radically pro-abortion than Joe Biden, who supports abortions up to birth without limits, calling it “a stark contrast to the Democratic Party’s radical stance of abortion on demand. … Kennedy is one of the few prominent Democrats aligned with the consensus of the people today. Every candidate should be asked, ‘Where do you draw the line?’”

    But the Kennedy campaign very quickly corrected the record and confirmed Kennedy support abortions up o birth without limits.

    “Mr. Kennedy misunderstood a question posed to him by an NBC reporter in a crowded, noisy exhibit hall at the Iowa State Fair,” a campaign representative said in an email to LifeNews.

    “Mr. Kennedy’s position on abortion is that it is always the woman’s right to choose. He does not support legislation banning abortion,” the email added.

    That statement is consistent with the position Kennedy has said previously during the campaign. In June 2022, Kennedy Jr. confirmed he supports killing unborn babies in abortions.

    Responding to a voter’s question, Kennedy said he is “pro-choice” and supports “bodily autonomy,” WMUR 9 News reports.

    “The only thing I can say to you on that issue is that I’m pro-choice,” Kennedy said when asked for a reason why pro-life voters should support him. “I don’t think there’s anybody in this country who’s worked harder for medical freedom, for bodily autonomy than me.”

    His campaign made a similar comment to Newsweek in May.

    Kennedy “believes strongly in the principle of bodily autonomy, whether the issue is abortion or medical mandates,” the spokesperson said. “He will keep government away from women’s childbearing choices. The moral issues are best left to the woman, her family and her religious community.”

    Typically, this means a candidate supports laws that allow unborn babies to be aborted for any reason up to birth, without limits.

    SBA Pro-Life’s Marjorie Dannenfelser says abortions up to birth is out of step with Americans.

    Seven in 10 Americans, including millions of rank-and-file Democrats, support limiting abortion to the first three months of pregnancy at most. A solid majority agrees Congress should act to protect babies when science shows they feel pain at 15 weeks. While pro-life advocates ultimately want every child protected under our laws, Kennedy is one of the few prominent Democrats aligned with the consensus of the people today. Every candidate should be asked, ‘Where do you draw the line?’

    “Pro-life Americans are looking for a national defender of life who will boldly champion unborn children and women and work to gather support in Congress. Voters deserve clarity about where every candidate stands on the human rights issue of our time.”

    Kennedy’s campaign website does not mention specific abortion policy, but it does attempt to take a more moderate approach to the issue. The website suggests “dead fetuses” are a tragedy and acknowledges that pro-lifers have a “legitimate moral position.” It also promises Kennedy will listen to pro-lifers’ concerns.

    “Robert F. Kennedy, Jr. has clear positions on most of today’s divisive trigger issues like abortion, guns, and immigration, but he knows that both sides have legitimate concerns and legitimate moral positions,” it states. “No one is deplorable.”

    It continues: “Few relish the thought of dead fetuses, nor do they want to force women to have unwanted babies. … [Kennedy] will model careful listening, and create conditions where each group can hear the stories of the other. He will lead the way toward national reconciliation, respectful dialog, and willingness to change, to grow and to forgive.”

    The post Robert F Kennedy Says He’d Create a Nationwide Right to Kill Babies in Abortions appeared first on LifeNews.com.

  8. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    Solana Is Cryptoeconomic Socialism

    Authored by Omid Malekan,

    Most people still don’t understand that the fundamental question of scaling isn’t technical, it’s philosophical.

    Monolithic chains want to give the same amount of cryptoeconomic security to a $1 transaction as they do a $1 million transaction. This is highly inefficient.

    Nothing else in the economy works this way. If I want to send someone a postcard, I’ll use the postal service. But if I’m sending them a highly valuable work of art I’ll hire an armored car.

    Solana says: use the same method for both. So either the postcard (or memecoin transfer) is too secure or the work of art (or a large DeFi trade) isn’t secure enough. Fees are the same so frivolous low-value transfers crowd out more important ones.

    Monolithic scaling is cryptoeconomic socialism, and socialism is bad at distributing scarce resources.

    The Soviet Union used to subsidize bread, so it was chronically over consumed. People would line up to get it, then let it go stale or feed it to livestock. Kids would play soccer with it, something they’d never do with better bread that cost more.

    Sound familiar?

    Local fee markets won’t fix this problem, because rationing imposed on top of socialism doesn’t fix distribution. The blockspace freed up by throttling one activity will just be taken up by another.

    Further scaling the network/hardware/consensus layers won’t fix this problem, either. Any additional capacity will be taken up by even more small value transfers.

    Modular scaling takes a more free-market approach to distributing blockspace.

    Low-value transfers live on L2s or L3s where they pay small fees to get low (but sufficient) security.

    High value transfers live on the L1 and (gladly) pay up for max security.

    Are there trade offs? There are many.

    Modular systems are fragmented and can be annoying to use. But so is hiring an armored car to send something valuable. That doesn’t mean you should mail a Warhol.

    Solana remains an interesting experiment but is destined to be a chain for low-value transfers.

    The other challenge it will face eventually is that socialist countries tend to have weak currencies.

    Why bother holding the money if price isn’t the arbiter of distribution?

    Tyler Durden Mon, 04/08/2024 - 15:25
  9. Site: PeakProsperity
    2 weeks 4 days ago
    Author: Chris Martenson
    How deep does the rabbit hole go? We know that the government has granted itself the unconstitutional "right" to outright lie on its mandated public financial spending reporting, but does that extend further? And if so, what are the implications?
  10. Site: LifeNews
    2 weeks 4 days ago
    Author: Robert Schmad

    An investment firm founded by billionaire George Soros is looking to ramp up its influence over a key slice of American broadcasting.

    Soros Fund Management, which is controlled by Open Society Foundations (OSF), has made multiple high-profile media acquisitions over the past two years and, according to sources familiar who spoke with Semafor, is in discussions to purchase even more. Roughly one-third of all media consumed in the United States is in the form of audio and about half of Americans still listen to the radio when traveling in their cars.

    OSF, a network of nonprofits Soros laid the groundwork for in 1984, has spent billions since funding left-of-center organizations across the globe, according to its website. Soros himself poured more than $32 billion into his philanthropies since 1984.

    Please follow LifeNews on Rumble for the latest pro-life videos.

    The Soros network’s recent string of media purchases began in 2022 when Soros Fund Management invested an undisclosed amount into Crooked Media, a liberal podcast network, Variety reported.

    Crooked Media hosts dozens of highly trafficked podcasts, with Pod Save America, for instance, being the fifth most popular news show on Apple Podcasts.

    Soros Fund Management’s investment bought it a seat on the podcast network’s board and, according to the founders of the company, may be used by Crooked to fund acquisitions, according to Variety. Soros Fund Management does not hold a majority stake in Crooked Media.

    Crooked Media wasn’t Soros’ only foray into audio in 2022. Lakestar Finance, an investment firm where Soros Fund Management serves as the “principal investment manager,” also financed Latino Media Network’s $60 million purchase of 18 Spanish-language radio stations operating across the country, including the conservative Radio Mambí in Florida.

    Some of the Spanish-speaking radio hosts impacted by the purchase left their shows, citing editorial disagreements, according to The New York Post.

    The Soros network’s most recent move into audio came in February when Soros Fund Management acquired over $400 million worth of debt owed by Audacy, the nation’s second-largest network of radio stations. The debt has since been converted into equity as part of a corporate restructuring plan, making Soros Fund Management one of Audacy’s largest shareholders.

    Three people who have been involved in discussions with Soros executives say these acquisitions could be part of a larger push to cement control over audio-based media, according to Semafor. Soros Fund Management, for instance, has privately discussed acquiring Cumulus Media, a radio network that operates 403 networks and reaches a quarter of a billion people every month.

    Soros Fund Management is also considering multiple podcast companies for acquisition, according to Semafor.

    The Soros network’s involvement in media stretches beyond podcasts and radio.

    Courier Newsroom, a network of websites that present as local news outlets but push pro-Democratic articles, has received millions of dollars in support from the Soros philanthropic network.

    OSF and left-wing Swiss Billionaire Hansjörg Wyss also reportedly financed the acquisition of nearly two dozen local newspapers in Maine. Soros’ philanthropies have pumped millions into local and nonprofit news operations over the years.

    Soros’ son, Alex, became chair of OSF which controls the family investment firm, in December 2022.

    Alex Soros has described himself as “more political” than his father.

    Soros Fund Management did not immediately respond to the Daily Caller News Foundation’s request for comment.

    LifeNews Note: Robert Schmad writes for Daily Caller. Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience.

    The post George Soros is Buying Up Media Outlets to Run a National Propaganda Network appeared first on LifeNews.com.

  11. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    If Biden Loses The Election, What Will Be The Top Reason

    By Mish Shedlock of MishTalk

    New Geography claims EVs will decide the election. That’s a reason, but it’s well down my list. What about yours?

    EVs and the Election

    New Geography says Electric Cars Will Decide the Outcome of the American Election.

    Just last week the administration issued a draconian mileage requirement, one of many ‘nudge’ policies attempting to usher in an all-electric future. Replacing a massive $3 trillion industry with a singular technology represents a severe economic threat under any circumstances, but ramming through changes just as EV sales are slowing is nothing less than madness.

    Rarely has a policy brought such negative economic and ultimately political implications. EVs today are simply not practical for most people, unable to afford the higher costs and wary of a charger infrastructure that is far from ready for prime time.

    The average price for a brand-new EV is over $60,000, about $12,000 more than the average four-door sedan. Even with tax credits, it is hard to see how consumers come out ahead, at least for now. The electric version of the base version of the Ford F-150 pickup truck, the best-selling vehicle in America, costs an additional $26,000 over the gasoline-powered variety. EVs are not affordable for most Americans: it’s little wonder that only 16 per cent of them are seriously considering a purchase.

    Disastrous Energy Policy

    It’s true that Biden’s energy policy is a disaster. But right now EVs are more like slow boiling a frog. Most people don’t buy new cars, and most who do, don’t consider EVs.

    I agree with the stupidity of Biden’s EV policy, but it won’t decide the election. I have not seen any polls that mention EVs as a reason.

    The border and the economy, specifically home prices, are my top two.  Israel could easily be ahead of EVs. Heck, what about the botched trump trial in Georgia and overreach everywhere else?

    If Recession hits, and it could, move that to spot #1. What about Biden’s Progressive woke madness?

    Biden’s ban on natural gas exports could easily cost Biden the state of Pennsylvania. And don’t forget the impact of RFK siphoning off more votes from Biden than Trump.

    White House Fact Sheet

    On January 26, the Biden-⁠Harris Administration Announces Temporary Pause on Pending Approvals of Liquefied Natural Gas Exports

    President Biden has been clear that climate change is the existential threat of our time – and we must act with the urgency it demands to protect the future for generations to come. That’s why, since Day One, President Biden has led and delivered on the most ambitious climate agenda in history, which is lowering energy costs for hardworking Americans, creating millions of good-paying jobs, safeguarding the health of our communities, and ensuring America leads the clean energy future.
     
    Today, the Biden-Harris Administration is announcing a temporary pause on pending decisions on exports of Liquefied Natural Gas (LNG) to non-FTA countries until the Department of Energy can update the underlying analyses for authorizations. 

    Natural Gas Production

    In 2023, the United States leaped over Qatar and Australia to become the largest exporter of LNG.

    According to the EIA, the US Energy Information Administration, Pennsylvania is the second largest Natural Gas producer in the US after Texas, and it is the third largest coal producer.

    Wall Street Journal Poll

    The above clip and the two that follow are from the Wall Street Journal – Targeted Presidential States: March 17 – 24, 2024 Poll.

    About 20 percent of those polled do not believe either Biden or Trump are mentally and physically fit to be president. Otherwise, Trump clears the 50 percent mark on the economy, inflation, and immigration.

    Biden only attained a single mark, at or above 40 percent. That was a 40 percent mark in Wisconsin for the economy.

    Protecting Democracy, Ukraine, Russia, Israel, Abortion

    Neither candidate scored over 50 percent on Ukraine, Russia, Israel, Abortion, or Protecting Democracy.

    Abortion is still a winning issue for Biden, but Trump can easily negate that with a statement that he would stay out of it or better yet, support abortion up to 15 weeks.

    Biden is running on a platform of a strong economy that the public does not believe, abortion that will be decided at the state level not by a president, and protecting democracy.

    Protecting democracy is not even a winning issue for Biden. With that, let’s return to the economy one more time.

    Strength of the Economy

    Nationally, it was unanimous, and by large scores, the economy is doing not so good or poor (first horizontal yellow highlight).

    Only two states, Michigan and Pennsylvania, had more respondents who said things were worse in their state.

    Across the board, more respondents in every state said their economy was getting worse than better. In Arizona and Pennsylvania, the margin of getting worse than getting better was more than 2-1 for getting worse.

    It’s the Economy Stupid, But Why?

    No poll to date has gotten to the specific point that is most likely to cost Biden the election.

    It’s the economy, but specifically housing.

    CPI Hot Again Led by Rent

    For over two years, analysts said rent was declining or soon would be. But for the 30th consecutive month, rent was up at least 0.4 percent. Gasoline rose 3.8 percent adding to the misery.

    Yet Another Groundhog Day for Rent

    I repeat my core key theme for over two years now. People keep telling me rents are falling, I keep saying they aren’t.

    Rent of primary residence, the cost that best equates to the rent people pay, jumped another 0.4 percent in December. Rent of primary residence has gone up at least 0.4 percent for 30 consecutive months! 

    The “rents are falling” (or soon will) projections have been based on the price of new leases and cherry picked markets. But existing leases, more important, keep rising.

    Q: Income keeps rising so why do more people in all the states keep saying things are getting worse?
    A: Rent!

    Some of “things are getting worse" is political. The rest expresses frustration with rent that keeps rising and rising and rising.

    Compounding the problem are a bunch of Biden and a pack of clueless economists who keep reporting that rent is falling. Perhaps rent is falling in Austin and other seriously overdeveloped areas, but nationally, rents are still rising.

    A decline in Austin isn’t going to do much good for anyone in Pennsylvania or Michigan.

    Generational Homeownership Rates

    The above chart is from the Apartment List’s 2023 Millennial Homeownership Report

    Case-Shiller National Home Price Index Hits New Record High

    On March 29, I noted Case-Shiller National Home Price Index Hits New Record High

    How many zoomers can afford to buy a home with mortgage rates at 7.0 percent and home prices at a record high?

    Gen Z, the Most Pessimistic Generation in History

    On March 15, I commented Gen Z, the Most Pessimistic Generation in History, May Decide the Election

    Economic Reality

    Gen Z may be the first generation in US history that is not better off than their parents.

    Many have given up on the idea they will ever be able to afford a home.

    The economy is allegedly booming (I disagree). Regardless, stress over debt is high with younger millennials and zoomers.

    This has been a constant theme of mine for many months.

    Credit Card and Auto Delinquencies Soar

    OK, there is a fair amount of partisanship in the polls.

    However, Biden isn’t struggling from partisanship alone. If that was the reason, Biden would not be polling so miserably with Democrats in general, blacks, and younger voters.

    This allegedly booming economy left behind the renters and everyone under the age of 40 struggling to make ends meet.

    Happiness Age 30 and Below

    On March 20, I commented US Drops to Number #23 in the World Happiness Report

    For those age 30 and younger, the US fell to spot #62. The US is number 10 for age group 60 and above.

    Record High Credit Card Debt

    Credit card debt rose to a new record high of $1.13 trillion, up $50 billion in the quarter. Even more troubling is the surge in serious delinquencies, defined as 90 days or more past due.

    For nearly all age groups, serious delinquencies are the highest since 2011.

    Auto Loan Delinquencies

    Serious delinquencies on auto loans have jumped from under 3 percent in mid-2021 to to 5 percent at the end of 2023 for age group 18-29.Age group 30-39 is also troubling. Serious delinquencies for age groups 18-29 and 30-39 are at the highest levels since 2010.

    Those struggling with rent and auto loans are more likely to be Millennials and Zoomers than Generation X, Baby Boomers, or members of the Silent Generation.

    The same age groups struggling with credit card and auto delinquencies.

    What Will and Won’t Decide the Election?

    • For younger voters, and blacks, the economy, specifically housing, will be the deciding issue. Biden may still carry this group, but by far less percentages than in 2020.
    • For older voters, especially independents who own their own house, the key factors are likely to be immigration, Biden’s wokeness, and Biden’s age.
    • In Pennsylvania, natural gas and energy policy will come into play.
    • The abortion issue was a huge loser for Republicans in the 2022 midterms. But given the Supreme Court ruling, the matter is up to states. Trump can lessen the issue more by staying away, or better yet pushing back against more extreme measures.
    • Biden is campaigning on a need to “Protect Democracy”. Other than abortion, he has little else. But polls show that is not even a winning issue for him. His extreme woke policies, flouting the Supreme Court, and energy mandates have cost him this issue.

    Trump Ahead in Swing States

    For more on the recent WSJ poll, please see Trump Leads Biden in 6 of 7 Swings States, Pennsylvania is Key

    There has not been a single poll suggesting housing specifically.

    Nonetheless, based on the above data, I suggest that it’s the top issue among younger voters and blacks. Generation Z and blacks feel economically left behind, never able to afford a house, with rent jumping every year.

    Housing is the single most important issue. Blaming immigration is likely a scapegoat for many.

    For independents, a trio of ideas that will make it hard for Biden to win. And finally, RFK is more likely to take votes from Biden than Trump.

    EVs are a losing issue for Biden, but dwarfed by a half dozen other items. If a recession hits, Trump could easily win in a landslide.

    Tyler Durden Mon, 04/08/2024 - 14:45
  12. Site: Catholic Conclave
    2 weeks 4 days ago
    Seewald contradicts Francis: Benedict was not a “transitional pope”Was Benedict XVI. just a “transitional pope”? His successor Francis recently expressed this assessment. Now Benedict's biographer Peter Seewald contradicts the Pontiff and accuses him of "double-tracking" in his dealings with his predecessor.The author Peter Seewald has assessed Pope Benedict XVI. (2005-2013) as “transitional popeCatholic Conclavehttp://www.blogger.com/profile/06227218883606585321noreply@blogger.com0
  13. Site: Henrymakow.com
    2 weeks 4 days ago

    acorn.jpeg
    The Acorn does not fall far from the tree

    Controlled by WEF sock puppets, Western governments have gone rogue. Now that life is becoming unaffordable, Westerners are beginning to notice.

    Please send links and comments to hmakow@gmail.com

    Canadian Government Plans 'Stalinist Show Trial' of Heroic Doctor--- Legal Trickery Would Silence Dr. Charles Hoffe


    What is most disturbing about this unprecedented case is that, if the prosecution gets its way, all the evidence produced by the State claiming the Covid vaccines are "safe and effective" will be deemed indisputable, irrefutable--and Dr. Hoffe would not be able to defend himself or call expert witnesses!

    In other words, a Stalinist show trial designed to intimidate all doctors and patients who value medical freedom of choice, the right to a fair trial, freedom of speech, and medical ethics.

    ---

    Nuclear Blackmailers
    Israeli Politician Suggests Israel Will Use Nukes If America Stops Supplying Weapons Aid


    Reader- "Just like I said, they'll use Nukes & the Samson Option if they can't get themselves out of the bind they put themselves in.  I hope Russia is tracking their diesel subs carrying Nukes & destroys them before they can harm Humanity further. 

    Jewry always does it to themselves. Their criminality gets them into trouble and then they rely on the Rothschild-Ruled west to save them. Not this time; the US is impotent, along with NATO.  It looks like Israel may be toast, and they no longer have Ukraine to fall back on. They're desperate & unpredictable. The all-time greatest Blackmailers. The Rabid dog in the school yard. "

    -

    Iran offers no response to Damascus strike if US secures Gaza ceasefire - report
    The report comes as negotiations for a ceasefire and hostage release deal resume between Israel and Hamas in Cairo.


    Satanyahu will not agree.

    -
    fidelito-hate-speech.gif
    War on Gaza: Israel faces uncertain economic future after six months of war
    Financial rating agencies say the continuation of the war has led to a negative economic outlook



    Six months since the start of Israel's war on Gaza, projections regarding Israel's economy seem set to remain largely negative. Al Jazeera reported that the country suffered $56bn worth of direct losses due to the war, which came about as a result of spending on army operations in Gaza and compensation to its citizens and soldiers affected by the conflict.

    The country's economy shrunk by 19.4 percent in the last three months of 2023 compared to the same period in 2022 according to Israel's Central Bureau of Statistics - the sharpest drop since the Covid-19 pandemic. A 26.9 percent drop in private consumption was a major driver in the contraction, as business investments also plunged by 67 percent.

    Around 200,000 Israelis remain displaced from their homes in the north and south of the country, as areas around the Gaza Strip remain evacuated and daily clashes with Lebanon's Hezbollah persist in the north."

    -
    shamir2.jpeg
    Justin Smith-  America Is Hurtling Toward a Full Blown Hot Civil War


    "It never ceases to amaze me at how little so many people in this country have done to train their minds to critically analyze information. They have eyes to see and ears to see, and yet, somehow the truth of any major issue still seems to evade them, or they simply refuse to recognize the truth with it standing right in front of them, slapping them in the face.




    "So many things are currently plumb damned fouled up by this Biden regime and going awry on their own through the dynamics set in motion by this anti-American, lawless regime, that it's nearly impossible to properly address them all in a single commentary. But I've tried to give the Reader as comprehensive an assessment as I possibly can with this piece."

    -
    yellin-thumb.jpeg
    (Thumb on knuckle. They are all Freemasons. Politics is a charade)

    Janet Yellen Threatens Sanctions for China Banks That Aid Russia's War
    She wraps up 4-day trip with blunt warning on ties with Moscow

    --
    Genocide in Gaza through the eyes of Israeli soldiers | The Listening Post


    Viewer--"This is literally what I've been seeing online, and it made my stomach turn. I've taken screen recordings too. I've been twisting and turning in my bed, unable to sleep, crying intermittently throughout the day, feeling sick to my stomach, praying for Palestine and humanity as a whole all day, and then... I decided to check in on a boy I went to school with, in South Africa, who moved to Israel and joined the Israeli army a few years ago, he made a joke video as the IDF blew up a building in Khan Younis and posted it on Instagram, trying to build clout off of his active participation in genocide. He was laughing, while people were dying. I'm horrified, it's sickening. Their lack of remorse is the worst part of all of this. They are massacring people in cold blood. The power of systematic far-right indoctrination is scary. This is a humanitarian catastrophe and we're here witnessing it happen, in real time."
    -
    The school accidentally vaccinated my 12 y/o son

    "I just got off the phone with my son's school, and they informed me that they accidentally administered the second dose of the HPV vaccine to him without my consent. Despite my prior rejection of the vaccine! I feel violated and enraged.  What would you do?"



    -
    trump-supporter.jpeg
    HORROR: 64-Year-Old New Jersey Man Who Operates Trump RV Beaten with Sledgehammer, Airlifted to Hospital with "Significant Head Injuries"

    -

    Dr. Hodkinson: "It's Not a Time to Say 'I'm Sorry' - It's a Time to Put These Bastards in Jail"
    " We've seen the biggest kill ever in medicine history..."

    -

    California: Paramilitary Force Sent to College Dorms Arrest Students for Supporting Palestine


    Eighteen students at Pomona College in Claremont, California, were arrested on Friday and charged with misdemeanor trespassing, and one student was arrested for obstruction of justice, according to the Claremont police department, during a protest in response to the removal of pro-Palestinian art on the college campus.


    -
    on-a-day-here-in-indy-when-people-have-flocked-here-to-see-v0-pe0sb1wkk9tc1.jpg
    Why have no politicians addressed Chemtrails?

    "On a day here in Indy when people have flocked here to see the eclipse, there are more chemtrails in the sky than I have ever seen at one time


    -
    From an adverse reaction website for medical professionals- 

    "I had to get the vaccination as I needed a knee operation. I had 2 Az and a moderate booster. My last one was almost 2 years ago. In last few months I have had lots of different symptoms. I have chest pains which I got checked and they couldn't say why. I had headaches. I have pain in joints and feet sometimes. I'm starting to get muscle twiching all over my body. I have had several set of bloods done in last 2 months. I had chest xray. The doctor says they can't see anything wrong. I know my own body and something is not right. Any advice from medical professional would be great. Thank you


  14. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    Jamie Dimon Warns World Faces "Risks That Eclipse Anything Since World War II"

    Perhaps the world's most influential banker - JPMorgan Chase CEO Jamie Dimon - warned the world in his annual letter to shareholders that while he expects US economic resilience (and higher inflation and interest rates), and is optimistic about transformational opportunities from AI, he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, might be creating an environment that “may very well be creating risks that could eclipse anything since World War II.”

    He begins with an ominous overview of the geopolitical chaos the world faces.

    America's Global Leadership is being challenged...

    Across the globe, 2023 was yet another year of significant challenges, from the terrible ongoing war and violence in the Middle East and Ukraine to mounting terrorist activity and growing geopolitical tensions, importantly with China. Almost all nations felt the effects last year of global economic uncertainty, including higher energy and food prices, inflation rates and volatile markets. While all these events and associated instability have serious ramifications on our company, colleagues, clients and countries where we do business, their consequences on the world at large — with the extreme suffering of the Ukrainian people, escalating tragedy in the Middle East and the potential restructuring of the global order — are far more important.

    As these events unfold, America’s global leadership role is being challenged outside by other nations and inside by our polarized electorate. We need to find ways to put aside our differences and work in partnership with other Western nations in the name of democracy. During this time of great crises, uniting to protect our essential freedoms, including free enterprise, is paramount. We should remember that America, “conceived in liberty and dedicated to the proposition that all men are created equal,” still remains a shining beacon of hope to citizens around the world. JPMorgan Chase, a company that historically has worked across borders and boundaries, will do its part to ensure that the global economy is safe and secure.

    In spite of the unsettling landscape, including last year’s regional bank turmoil, the U.S. economy continues to be resilient, with consumers still spending, and the markets currently expect a soft landing. It is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus. There is also a growing need for increased spending as we continue transitioning to a greener economy, restructuring global supply chains, boosting military expenditure and battling rising healthcare costs. This may lead to stickier inflation and higher rates than markets expect. Furthermore, there are downside risks to watch.

    Quantitative tightening is draining more than $900 billion in liquidity from the system annually — and we have never truly experienced the full effect of quantitative tightening on this scale. Plus the ongoing wars in Ukraine and the Middle East continue to have the potential to disrupt energy and food markets, migration, and military and economic relationships, in addition to their dreadful human cost.

    These significant and somewhat unprecedented forces cause us to remain cautious.

    Inflation and market over-optimism

    And he warns that investors seem too complacent about these geopolitical risks when it comes to markets.

    Geopolitical and economic forces have an unpredictable timetable - they may unfold over months, or years, and are nearly impossible to put into a one-year forecast. They also have an unpredictable interplay: For example, the geopolitical situation may end up having virtually no effect on the world’s economy or it could potentially be its determinative factor.

    We have ongoing concerns about persistent inflationary pressures and consider a wide range of outcomes to manage interest rate exposure and other business risks.

    Many key economic indicators today continue to be good and possibly improving, including inflation. But when looking ahead to tomorrow, conditions that will affect the future should be considered. For example, there seems to be a large number of persistent inflationary pressures, which may likely continue.

    All of the following factors appear to be inflationary:

    • ongoing fiscal spending, remilitarization of the world,

    • restructuring of global trade,

    • capital needs of the new green economy,

    • and possibly higher energy costs in the future (even though there currently is an oversupply of gas and plentiful spare capacity in oil) due to a lack of needed investment in the energy infrastructure.

    In the past, fiscal deficits did not seem to be closely related to inflation. In the 1970s and early 1980s, there was a general understanding that inflation was driven by “guns and butter”; i.e., fiscal deficits and the increase to the money supply, both partially driven by the Vietnam War, led to increased inflation, which went over 10%.

    The deficits today are even larger and occurring in boom times — not as the result of a recession — and they have been supported by quantitative easing, which was never done before the great financial crisis.

    Quantitative easing is a form of increasing the money supply (though it has many offsets). I remain more concerned about quantitative easing than most, and its reversal, which has never been done before at this scale.

    Equity values, by most measures, are at the high end of the valuation range, and credit spreads are extremely tight. These markets seem to be pricing in at a 70% to 80% chance of a soft landing — modest growth along with declining inflation and interest rates.

    "I believe the odds are a lot lower than that," Dimon warns.

    In the meantime, there seems to be an enormous focus, too much so, on monthly inflation data and modest changes to interest rates. But the die may be cast — interest rates looking out a year or two may be predetermined by all of the factors I mentioned above. Small changes in interest rates today may have less impact on inflation in the future than many people believe.

    Therefore, we are prepared for a very broad range of interest rates, from 2% to 8% or even more, with equally wide-ranging economic outcomes — from strong economic growth with moderate inflation (in this case, higher interest rates would result from higher demand for capital) to a recession with inflation; i.e., stagflation.

    Economically, the worst-case scenario would be stagflation, which would not only come with higher interest rates but also with higher credit losses, lower business volumes and more difficult markets.

    Under these many different scenarios, our company would continue to perform at least okay.

    AI Transformational, but...

    While we do not know the full effect or the precise rate at which AI will change our business - or how it will affect society at large - we are completely convinced the consequences will be extraordinary and possibly as transformational as some of the major technological inventions of the past several hundred years:

    Think the printing press, the steam engine, electricity, computing and the Internet, among others.

    ...

    Over time, we anticipate that our use of AI has the potential to augment virtually every job, as well as impact our workforce composition.

    It may reduce certain job categories or roles, but it may create others as well.

    Banking crisis is over, for now...

    The mini banking crisis of 2023 is over, but beware of higher rates and recession — not just for banks but for the whole economy.

    Dimon previously explained that that the crisis was over provided that interest rates didn’t go up dramatically and we didn’t experience a serious recession.

    If long-end rates go up over 6% and this increase is accompanied by a recession, there will be plenty of stress — not just in the banking system but with leveraged companies and others.

    Remember, a simple 2 percentage point increase in rates essentially reduced the value of most financial assets by 20%, and certain real estate assets, specifically office real estate, may be worth even less due to the effects of recession and higher vacancies.

    Also remember that credit spreads tend to widen, sometimes dramatically, in a recession.

    Finally, we should also consider that rates have been extremely low for a long time — it’s hard to know how many investors and companies are truly prepared for a higher rate environment.

    Dimon concludes:

    "When terrible events happen, we tend to overestimate the effect they will have on the global economy. Recent events, however, may very well be creating risks that could eclipse anything since World War II - we should not take them lightly."

    Ambitious readers can peruse the entire 30,000 word diatribe below:

    Tyler Durden Mon, 04/08/2024 - 14:25
  15. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    Prices Up 2500% Since FDR Abandoned Gold

    Via SchiffGold.com,

    On April 5 1933, Franklin D. Roosevelt abandoned the gold standard, wielding questionable legal power amidst America’s dire economic depression. His whimsical approach to monetary policy, including coin flips and lucky numbers, unleashed unprecedented inflation and price increases that have since amounted to nearly 2500%.

    Our guest commentator explores this tragic history and the legacy of enduring economic turmoil that still plagues America today.

    The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.

    The world is full of scraps of paper today.
    – Benjamin Anderson, economist, Chase Manhattan Bank (1920 – 1939)

    April 1933 found America mired in a crushing economic depression, and newly elected president Franklin DeLano Roosevelt — who had declared the previous month he had a legal power derived from the Trading with the Enemy Act to assume control of our monetary system — responded by taking America off the gold standard. That the Act, an unexploded legislative relic left over from the First World War, was completely irrelevant to the situation at hand (there was no “enemy” to speak of as the nation was at peace) proved an easily passed over quibble.

    During FDR’s famous first hundred days, a blizzard of unread legislation sailed through Congress and what they missed was put into action by the president with a mere wave of his hand. FDR’s decree forbidding Americans to touch gold (the bureaucrats christened her Executive Order #6102) was but a sign of the times. It was the 1930s, the Strong Man was much in vogue, and despite growing up a wealthy momma’s boy, FDR was ours. Such are the odd things that a democracy can produce.

    FDR needed to confiscate everyone’s gold because, according to his economic recovery plan, he needed to raise prices, though he assured the pubic it would be a “controlled inflation.” History would prove his promise to be less than worthless. The cumulative inflation since 1933 has totaled 2,448 percent (and counting), a debasement previously unknown in our nation’s history. Yet, that’s looking at this story solely from the viewpoint of cold statistics, and that strips out the most important part of the story – or at least it’s most entertaining and interesting part. Sometimes, history can read like the wildest of fiction, as if Kafka took a whack at it.

    During the last few months of 1933, the year when his 12 years in office began, FDR would hold informal morning meetings in his bedroom, the president still laying under the covers. To be invited into FDR’s inner sanctum was a sign of his favor, and for a time an economics professor named George Warren basked in Roosevelt’s glow. As the general level of prices was now to be “managed” by the guiding hand of experts, of which George Warren was certainly one, the two of them, FDR in command but Mr. Warren providing the theoretical stars to guide them, worked to raise prices. That required intervening in the gold market, and that required someone to set each day’s target price. A not very serious-minded student (nor executive), FDR would “jokingly consider the meaning of numbers, or flip coins” to fathom what the proper price should be, and in one instance he decided the target would a 21-cent increase, and “smiling broadly” explained to his assembled experts that he chose it because seven times three was a lucky number. I find no record of what Professor Warren thought of all this.

    That FDR (or his famous Brains Trust of experts, for that matter) knew nothing about gold and monetary matters did not for a moment make him hesitate; he went at it with a courage born from an insatiable need to do something (“to maintain a government of action” was, in his words, his rule of thumb) and this frenzy of political activity grasped our monetary system. The punch line of it all is that FDR, at the time he first assumed power, was a man who never seemed to take things all too seriously. Even as a young man fresh out of law school he kicked off his legal career with a carefree air by publicly announcing his services included “briefs on the liquor question furnished free to ladies. Race suicides cheerfully prosecuted. Small dogs chloroformed without charge.” A close associate of FDR recalled that when he assumed control of the monetary system, “not even the realization that he was playing nine-pins with the skulls and thighbones of economic orthodoxy seemed to worry him.” He meant it as compliment; he shouldn’t have.

    People wondered at his bottomless serenity and humor when Making Big Decisions during the burning intensity of the early New Deal, never guessing that it could have been the result of being safely cocooned and conditioned by a lifetime of inherited wealth, by never having to pick his own clothes up off the floor, so to speak, and so having, according to someone who knew him well, “a perfect faith that somehow, someone would always be round to take care of details satisfactorily.” (He meant it with admirable wonder; he shouldn’t have.) FDR demanded responsibility for our nation’s monetary system then handled it with a pitiless nonchalance. In reading biographies of the man, he does not bring to mind any of history’s great statesmen, but instead Tom and Daisy Buchanan from The Great Gatsby, careless people who “smashed up things and creatures and then retreated back into their money.”

    FDR’s time in power set into motion a sea change in our monetary system and he is without peer in his personal influence on it, but coupled with the fact he was a very unserious man in a very serious position of power answers why much of what has happened since his time happened at all. Unlike Alexander Hamilton, a thoroughly serious man who created our old monetary system (including our first government bank), FDR kicked off our modern one as casually and carelessly as if he were deciding what socks to wear each morning.

    Almost 2,500 percent in endless inflation later, we’re still paying for it.

    Tyler Durden Mon, 04/08/2024 - 14:05
  16. Site: AsiaNews.it
    2 weeks 4 days ago
    The Dicastery for the Doctrine of the Faith released a new doctrinal declaration on the respect due to the person "beyond all circumstances'. It says no to any attempt to weaken human rights for those who are most vulnerable, but also to any attempt to obscure the sexual difference between men and women. For Cardinal Fernandez, it provides an overview on human beings.
  17. Site: LifeNews
    2 weeks 4 days ago
    Author: Joshua Mercer

    In a rare article, the usually pro-abortion Washington Post featured the story of a young woman whose failed, consecutive abortion attempts ended up leading to a story of birth, adoption and redemption.

    The April 6 WaPo story, titled  “Her failed abortion attempts helped answer another woman’s prayers” is a long read about how two Texas women, 25-year-old Evelyn (whose last name was withheld for privacy) and Carolyn Whiteman, a 44-year-old, ended up connecting around Olivia,  a one-year old baby girl who Evelyn was not able to abort in part because of restrictive abortion laws.

    Evelyn, a young woman of Native American and Black ancestry, and adoptee herself, found out in 2022 that she was pregnant after casual sex with a man she met via the internet.

    Deciding to keep the secret away from her parents -both military veterans in their 70s living in San Antonio-, Evelyn found out at a San Antonio abortion facility that her pregnancy was a few days past the six weeks limit established by Texas laws.

    She then decided to drive to Oklahoma as the second step in a series of failed abortion attempts that would lead her to Whiteman, an African American single woman and successful professional that was at that same time looking to adopt a baby.

    Evelyn got an appointment at Tulsa Women’s Reproductive Services in Oklahoma, almost a month later.

    The Post story tells that “the clinic’s doctor estimated that she was nine, possibly 10 weeks along and handed her a prescription for mifepristone… She should dissolve the pills under her tongue to start a medication abortion, according to the prescription she received from the clinic. She was told to take the remaining four pills, misoprostol, ‘orally’ at home within 48 hours.”

    Two months after completing the painful process marred by  stomach cramps and blood clots, Evelyn found out that she was still pregnant.

    LifeNews is on TruthSocial. Please follow us here.

    “Desperate, Evelyn found a website, Aid Access, that shipped abortion medication across the country. After speaking with a doctor by phone and paying $150, she waited for pills that were being mailed from India,” the WaPo story says.

    But the chemical abortifacient did not work, probably because Evelyn was past 10 weeks pregnant. She emailed the Indian company.  “In the email exchange,” says the story, “the company offered to send more medication to a pharmacy near Evelyn,” but she refused.

    Past the halfway point in her pregnancy and approaching the third trimester, she found a clinic in Albuquerque (New Mexico) that offered second-trimester abortions. Evelyn connected with two abortion organizations that “covered the cost of her plane ticket, hotel, food and the $12,000 procedure.”

    But she arrived at the abortion facility only to find out that she was “too far along, 32 weeks pregnant,” and the doctors at Southwestern Women’s Options “aren’t trained to perform abortions after 24 weeks,” explained the Post.

    “She hadn’t seriously considered adoption until now, despite being adopted herself. But now that seemed to be the only option,” the Post also said.

    After finally coming clean and receiving support from her parents, on Nov. 10, Evelyn gave birth to a healthy baby girl.

    “It felt like whiplash,” the story continues. “She had tried for months not to have the child she was silently cradling. And she says she quickly discovered she was in love. She took selfie videos, with playful social media filters, holding her daughter. Her photo album quickly filled with videos of Evelyn bottle-feeding, learning to swaddle and admiring the baby’s fussy sounds.”

    Meanwhile, “two hours east, in Houston, Carolyn Whiteman, the human resources executive for a chemical company, had been struggling with becoming a mother for years.”

    When the two women finally met over a Zoom meeting arranged by the adoption company Carolyn had enrolled in, “they talked of spirituality, faith and the importance of family time,” the story goes.

    The Post article, after giving details of the complex adoption process, describes at length the emotional process of Evelyn officially handing the baby to Whiteman.

    Since then, the Post  explains, “the clinic in San Antonio she initially went to for an abortion closed, and the Oklahoma clinic that gave her medication abortion pills relocated to Illinois;” while Evelyn enrolled in community college, where she has been passing all her classes with straight A’s.

    According to the post,  now she “goes to the gym four days per week, attends a midweek Bible study meeting on campus and is looking for a criminal justice internship.”

    She has also visited her biological daughter for the first time and felt relieved at finding that little Olivia was happy and well taken care of.

    After the visit, “on the car ride home, she received a text from Whiteman. It contained details about a garden brunch. Evelyn and her parents were invited to Olivia’s first birthday party the next month, where they would play Olivia Trivia. There was no doubt, Evelyn knew. She would be there,” the story ends.

    LifeNews Note: Joshua Mercer writes for CatholicVote, where this column originally appeared.

    The post This Baby Girl Survived Multiple Abortion Attempts, Now She Has a Wonderful Adoptive Family appeared first on LifeNews.com.

  18. Site: Euthanasia Prevention Coalition
    2 weeks 4 days ago

    Alex Schadenberg
    Executive Director, Euthanasia Prevention Coalition.

    When jurisdictions release their euthanasia data I publish an article updating the data from the previous year. This year I missed the February 27 release of the 2023 Belgian euthanasia data. 

    The 2023 basic data indicates that the number of euthanasia deaths increased by 15.4% to 3,423 deaths and there were 48 euthanasia deaths for psychiatric conditions up from 26 in 2022.

    Thankfully the Australian Care Alliance published an article on the Belgian euthanasia experience which includes the 2023 data. Here is their report.


    Euthanasia became legal in Belgium on 3 September 2002.

    Increase in numbers

    In Belgium deaths by legal euthanasia increased more than fourteenfold (1456%) from 235 in 2003 – the first full year of legalisation – to 3,423 in 2023. From 2020 to 2021 alone the increase was 10.4%, with further increases of 9.85% from 2021 to 2022 and 15.4% from 2022 to 2023.

    Officially reported euthanasia now accounts for one in 33 (3.03%) of all deaths in Belgium in 2023.

    Organ donation

    There was a total of 64 cases of organ donation with euthanasia in Belgium between 2005 and 2021.

    One case involved a 52 year old woman with a mental disorder manifested with the symptom of auto-mutilation – cutting to cause self-harm. Her consent to euthanasia and organ donation was accepted despite this particular mental illness.

    Polypathology

    In 2023 there were 793 cases (23.2% of all cases) of euthanasia for polypathology, that is two or more conditions none of which in itself is sufficient ground for euthanasia.

    Death not expected in the foreseeable future

    In 2023 there were 713 cases (20.8%) of euthanasia where the person was not expected to die in the foreseeable future. Euthanasia where death was not expected increased by 38.9% from 2022 to 2023 while euthanasia where death was expected only increased by 10.47% over the same period.

    This included 372 (10.9% of all cases) for polypathology; 35 for cognitive disorders; 48 for psychiatric disorders (double the number for 2022); and a range of physical non-terminal conditions, including arthritis (18), eye disorders (8), chromosomal and congenital abnormalities (3) and injuries from external causes (9).
    No physical suffering

    In 2023, 56 (1.9%) cases involved no physical suffering at all. This includes, for example, some cancer patients “whose physical suffering is alleviated by painkillers” but who “may suffer psychologically from the loss of dignity or a loss of autonomy.”

    Five children

    Five children have so far been killed under the Belgian law. Three children were killed by euthanasia in 2016/2017. These were a 17-year-old child who was suffering from muscular dystrophy; a nine year old child, who had a brain tumour, and an 11 year old child, who was suffering from cystic fibrosis.

    Luc Proot a member of the Belgium’s Federal Euthanasia Evaluation and Control Commission, commented to Charles Lane of the Washington Post that he “saw mental and physical suffering so overwhelming that I thought we did a good thing”. As Lane points out he is referring to the Committee approving the cases after the fact based on reports from the doctors who carried out the killing. It is curious that Proot refers to “mental and physical suffering” when the Belgian law specifically refers only to “unbearable physical suffering” in relation to children in contrast to a reference to “unbearable physical or psychological suffering” for adults. This comment raises a doubt in relation to each of these three cases of child euthanasia as to whether there was “unbearable physical suffering” that could not be alleviated.

    Good palliative care can relieve the various forms of physical suffering associated with end-stage brain tumours.

    Life expectancy for people with cystic fibrosis (CF) is increasing significantly in response to developments in treatment regimes. In the United States the median predicted age of survival for people with CF has now increased to 47 years. It is by no means clear that the 11 year old child euthanased in Belgium in 2016 or 2017 was facing imminent death. He or she may have had years to live. Depression is also a particular issue with CF. The “mental suffering” mentioned by Luc Proot may have been relieved through appropriate treatment.

    The 17 year old child had Duchenne muscular dystrophy (DMD). “Until relatively recently, boys with DMD usually did not survive much beyond their teen years. Thanks to advances in cardiac and respiratory care, life expectancy is increasing and many young adults with DMD attend college, have careers, get married and have children. Survival into the early 30s is becoming more common, and there are cases of men living into their 40s and 50s.” On the available information it is not clear whether in this case the child was both imminently dying and experiencing unbearable physical suffering that could not be alleviated.

    A fourth child was killed by euthanasia in 2019; and a fifth child was killed in 2023.
    Euthanasia to complete failed suicide attempts

    Between 2014 and 2017 two patients who were in an irreversible coma after a suicide attempt were euthanased based on an advance directive 5 months and 35 months respectively before the suicide attempt.

    Euthanasia for psychiatric conditions and dementia

    In 2023 there were 41 cases of euthanasia for cognitive disorders (including Alzheimer’s and other dementias) as well as 48 cases of euthanasia for psychiatric conditions.

    In 2022 there were 42 cases of euthanasia for cognitive disorders (including Alzheimer’s and other dementias) as well as 26 cases of euthanasia for psychiatric conditions.

    Between 2018 and 2021, there were 97 cases of euthanasia for cognitive disorders (including Alzheimer’s and other dementias) as well as 102 cases of euthanasia for psychiatric conditions and including depression/bipolar disorder (36), personality disorders (35), anxiety/stress disorders (10), schizophrenia (10), autism (6), and anorexia (2).

    Extraordinarily, one person was euthanased in 2018 for “Commonly occurring behavioral and emotional disturbances during childhood and adolescence (such as attachment disorder)” and one person in 2020 for “Mental and behavioral disorders related to the use of psychoactive substances”. The Commission reports that:
    In young patients, the unbearable and persistent nature of the suffering was frequently associated with experiences from the past. In this regard, it was a question of sexual abuse, neglect as a child, rejection by parents, self-destructive behavior and suicide attempts. In addition, failed suicide attempts have made those affected aware that there is also another, more dignified way to end their life.

    Euthanasia by advanced directive

    19 people were killed by euthanasia in 2023 while unable to give consent, pursuant to an advanced directive. 

    A case of euthanasia without request

    One case reported in 2016/2017 concerned an interruptive act of life without request from the patient.

    In this complex case where the patient had not made an explicit request, some members of the Commission felt that the law on euthanasia had been violated and that the file should be sent to the public prosecutor. Indeed, demand is one of the essential legal conditions. However, other members considered that a referral to the prosecution was not appropriate. The two-thirds majority, legally required for referral to the King's Attorney (see Article 8 of the law) was not reached (9 for referral to the King's public prosecutor, 7 against).

    This high threshold of two-thirds majority of the Commission for referral to the public prosecutor helps explain why only one case has ever been referred (in 2015). 

    Euthanasia tourism

    The place of residence is only required to be reported in the first part of a euthanasia report filed by the doctor performing euthanasia. This part only gets open when questions arise. However, in 2020 and 2021 doctors did refer in the second part of the report to people who were foreigners who came to Belgium to seek euthanasia. There were 79 such cases reported in this way (up from 45 reported in 2016 and 2017) but there may be many more. Of the 79 reported cases “More than half of the deaths were expected in the near future” meaning several were cases where death was not expected in the short term.

    There were 110 cases of euthanasia tourism in 2023. Of these 44 (40%) were cases where death was not expected in the foreseeable future.

    Conclusion

    The 22-year experiment with euthanasia in Belgium is fatally flawed. It has resulted in the abandonment of the disabled, the mentally ill, the suicidal and the victims of child abuse to hopelessness and State sanctioned death by lethal injection. 

  19. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    Blackstone Makes $10 Billion Bet On Multifamily Units As Real Rents Begin Re-Accelerating

    Democrats are probably furious this morning after reading The Wall Street Journal's headline announcing Blackstone's $10 billion acquisition of Apartment Income REIT, taking the company private. This move signals the firm's bullishness on the rental housing market, especially when rents are beginning to re-accelerate. 

    Blackstone agreed to purchase AIR Communities for $39.12 a share, representing a 25% premium to the company's closing share price on Friday. The deal is being completed through the investment management company's $30.4 billion global real-estate fund. 

    Blackstone favors rental housing as one of the hottest places in the commercial property market to invest. The acquisition of AIR will give the investment manager exposure to 76 rental housing communities in coastal markets, including Boston, Miami, and Los Angeles. 

    "The acquisition is Blackstone's largest transaction in the multifamily market," WSJ pointed out. 

    Earlier this year, Blackstone President Jonathan Gray said, "We can see the pillars of a real-estate recovery coming into place," adding, "We are, of course, not waiting for the all-clear sign and believe the best investments are made during times of uncertainty."

    Blackstone has been aggressively increasing investments in CRE markets, a major bet the Federal Reserve's interest rate hiking cycle has plateaued and cuts near. 

    Blackstone's actual bet is based on the idea that rent inflation is reaccelerating

    In December, we noted that shelter CPI lags actual rents by about 18 months. So, by the time the Fed figures out the next surge in shelter costs - it will be too late.

    The next paradox for the Fed: since Shelter/OER inflation lags by 18 months, housing inflation will decline well into 2025 even as actual rents are again starting to tick up.

    By the time lagged CPI catches up with "today", real rents will be rising double digits. pic.twitter.com/sHOWxN2OVQ

    — zerohedge (@zerohedge) December 12, 2023

    Fast forward to just days ago, we showed readers actual rents are beginning to rise. 

    this is what the Fed is betting on: OER will keep dropping for the next 18 months due to the huge lag to current rents, and since shelter is 36% of the CPI basket, inflation will soon appear low (even though real rents are rising again... so Fed is two cycles behind now) pic.twitter.com/x9zBi1dvCd

    — zerohedge (@zerohedge) April 5, 2024

    Meanwhile, Democrats have introduced bills in Congress that aim to restrict hedge funds from buying up homes, alleging these funds are responsible for driving up shelter costs. 

    According to a recent note by Realtor.com, the US housing market is short 7.2 million homes. 

    Demand for housing continues to increase as population growth outpaces the rate of new home growth. Also, the genius idea by radical progressives in the White House to flood the nation with ten million plus illegal aliens will continue to put upward pressure on shelter costs. 

    The latest data from Miller Samuel Inc. and brokerage Douglas Elliman Real Estate data shows the median rent in Manhattan is inching back up to record highs. 

    We guess inflation is not going away anytime soon - or at least before the elections in Novemeber. 

    Tyler Durden Mon, 04/08/2024 - 13:00
  20. Site: RT - News
    2 weeks 4 days ago
    Author: RT

    Up to 100 nations are reportedly to be invited though it remains unclear how many leaders will attend, Bloomberg reports

    A proposed Swiss-hosted peace conference on the Ukraine conflict could take place in mid June, with up to 100 nations, mostly from the Global South, invited to attend, according to sources cited in a Bloomberg report on Monday.

    Bern has proposed hosting a major peace summit sometime this year. However, no specific date has been set and no list of potential participants has been disclosed.

    Sources familiar with the matter told Bloomberg it is still unclear how many leaders would be present at the event. In addition, a key point of contention is whether China will participate, they said, adding that this would be crucial for Switzerland to make the initiative credible.

    A spokesperson for the Swiss foreign ministry reportedly said the date and venue of the conference haven’t been fixed yet, though June 16-17 has been widely mentioned.

    “In addition to the perspectives of Ukraine, Russia and Europe, it is also important to listen to the Global South, which will play a key role in the eventual inclusion of Russia in the process,” the spokesperson was quoted as saying. “That is why we are in close contact with China, India, Brazil, South Africa and Saudi Arabia,” he specified.

    China said in March it was examining the possibility of taking part in the proposed peace conference. However, Politico reported later, citing informed sources, that Beijing would boycott peace talks unless Moscow has a seat at the table.

    Moscow has called the conference that Bern is suggesting “pointless” and has indicated it has no intention of participating, even if officially invited.

    Read more  Alexander Stubb in 2014. Finland sees no chance for peace in Ukraine

    Russian Foreign Ministry spokeswoman Maria Zakharova said last month the forum as envisaged would be dedicated to the promotion of the ‘Zelensky peace formula,’ which Moscow has panned as unrealistic.

    Ukraine insists that peace can only be negotiated on President Zelensky’s terms, which include the withdrawal of Russian forces from “illegally occupied” territory. Moscow has rejected the demands as a non-starter, stressing that it will not surrender Crimea and four other former Ukrainian regions that joined Russia after holding referendums.

    Kiev’s basic demands remain the same while legitimate Russian interests are being ignored, according to Zakharova. The spokesperson also indicated that Switzerland has “lost” its neutral status and cannot serve as a platform for peacekeeping efforts.

    Ukraine’s Western backers insist that a peace settlement can only be achieved on Kiev’s terms and have vowed to continue weapons deliveries for “as long as it takes.” Russia, meanwhile, has stressed that no amount of foreign aid will change the course of the conflict.

    The Kremlin has repeatedly stressed it remains open to discussions, but only if Kiev recognizes the “reality on the ground.”

  21. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    Gen Z Is Trapped In A Virtual Cage

    Authored by Timothy S. Goeglein via The Epoch Times (emphasis ours),

    On Jan. 31, a groundbreaking hearing was held on Capitol Hill as the CEOs of five major social media platforms were called to testify (three only after having to be forced by subpoena) about the alleged harm—sometimes fatal—they have inflicted on America’s youth.

    In this photo illustration, a teenager uses her mobile phone to access social media in New York on Jan. 31, 2024. (Spencer Platt/Getty Images)

    For more than four hours, with family members in the audience who had lost children to suicide, these tech gurus tried to deflect any talk about or accept responsibility for the alleged negative influence of their platforms.

    In his recent book, “The Anxious Generation,” social psychologist and author Jonathan Haidt writes: “At the turn of the millennium, technology companies created a set of world-changing products that transformed life not just for adults but for children, too. … Yet, the companies that developed them had done little or no research on the mental health effects. When faced with growing evidence that their products were harming young people, they mostly engaged in denial, obfuscation, and public relations campaigns.”

    The result has placed our children in a virtual cage that has isolated them physically, socially, and emotionally—with little hope of escape.

    Trapped in this virtual cage, girls suffer massive depression as they face pressure to conform to certain body images, become targeted by predators, and are mocked by their peers if they choose not to participate in an online game of one-upmanship based on looks.

    Mr. Haidt states: “The more time a girl spends on social media, the more likely she is to be depressed or anxious. Girls who say they spend five or more hours each weekday on social media are three times as likely to be depressed as those who report no social media time.”

    Meanwhile, boys are sucked into a virtual world of video games and pornography, which traps them into a world of perpetual adolescence, with no idea of how to communicate with and treat the opposite sex in a gentlemanly manner, while also keeping them from maturing into responsible men.

    Thus, given all this, is it any wonder why the suicide and self-harm rates for adolescents (particularly girls) have dramatically increased from 2010 to 2021, basically from the start of the smartphone/social media platform era to today?

    Mr. Haidt concludes: “The overwhelming feeling I get from the families of both boys and girls is that they are trapped and powerless in the face of the biggest mental health crisis in history for their children. What should they—what should we—do?

    To free our children from the virtual cage that has entrapped them, he suggests four types of response: (1) no smartphones before 14 years of age; (2) no access to social media before the age of 16; (3) banning smartphones from schools; and (4) allow more unsupervised play and childhood independence.

    But while all of these recommendations are good, they continue to put all of the onus on parents who find themselves standing alone against a tsunami of even more technological dangers, in particular, AI, coming their way.

    Smartphones are here to stay, there is no going back, so what we must do is chart a new course going forward. And while we can curse the darkness of the virtual cage our children are trapped in, things will likely not change until Big Tech and social media platforms are forced to change.

    That is why it is critical that lawmakers act and reform the present roadblocks that Big Tech and social media platforms use to avoid responsibility for any harm they may have caused. Until that happens, they will continue to give faux apologies and issue nice-sounding press releases while more children get trapped in their virtual cage.

    Only then will parents be empowered with the tools to free their children from the technological tyranny that may have damaged an entire generation—and will scar more to come—unless action is taken now.

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

    Tyler Durden Mon, 04/08/2024 - 12:40
  22. Site: RT - News
    2 weeks 4 days ago
    Author: RT

    Seven foreign nationals were killed in a series of drone strikes on a humanitarian convoy carrying food in the Palestinian enclave

    The US must press Israel into changing its approach to its campaign in Gaza against the Palestinian militant group Hamas, John Flickinger, the father of one of the humanitarian workers slain in a recent Israeli drone strike has said.

    The grieving father detailed to AP his phone conversation with US Secretary of State Antony Blinken, who called him on Saturday to offer his condolences on the death of his son Jacob.

    The 33-year-old humanitarian worker, a dual US-Canadian citizen, was killed on April 1 alongside six other foreign aid workers when their convoy with relief group World Central Kitchen (WCK) was subjected to repeated drone strikes by Israel Defense Forces (IDF).

    “If the United States threatened to suspend aid to Israel, maybe my son would be alive today,” John Flickinger told the news agency on Sunday. “I’m hopeful that this is the last straw, that the United States will suspend aid and will take meaningful action to leverage change in the way Israel is conducting this war,” he added.

    Read more A demonstrator in Krakow, Poland, displays a photo of one of the aid workers killed in an Israeli drone attack on Monday. Israel fires senior officers over drone strikes

    The humanitarian convoy attack caused international uproar, forcing Israel to admit the officers behind it had grossly violated rules of engagement. The deadly strike was described by Israeli officials as a “mistake,” with two IDF personnel dismissed and three others receiving a reprimand. They had mishandled critical intelligence and failed to properly identify the target before conducting the strike, military authorities claimed.

    “It’s a tragedy,” IDF spokesman Daniel Hagari told reporters. “It’s a serious event that we are responsible for, and it shouldn’t have happened. And we will make sure that it won’t happen again.”

    More than 200 humanitarian workers and dozens of journalists have lost their lives amid the ongoing Israeli operation in Gaza, prompted by last October’s deadly raid on southern Israel staged by Hamas. That attack left some 1,200 people in Israel dead, while more than 200 were taken hostage.

    More than 33,000 Palestinians have since been killed during Israel’s operations in Gaza, according to local health authorities. The enclave was subjected to heavy artillery shelling and aerial bombardment that has caused widespread destruction.

  23. Site: LifeNews
    2 weeks 4 days ago
    Author: Liberty Counsel

    In June 2022, the U.S. Supreme Court overturned the 1973 Roe v. Wade and 1992 Planned Parenthood v. Casey decisions. The battle over abortion was returned to the people.

    Since that 2022 decision, voters in California, Michigan, Vermont, and most recently Ohio, have amended their state constitutions making abortion a “fundamental right” in their states. On the other hand, in 2018, voters in Alabama, Louisiana, and West Virginia also amended their constitutions in favor of protecting unborn life. The people of Alabama guaranteed a right to life for the unborn and both the people of Louisiana and West Virginia declared there was no right to abortion in their states.

    Now, citizens and state legislators in other states are turning to their own state constitutions to decide the issue. In 2024, at least 13 states have citizen-led or legislative efforts underway to amend their state constitutions regarding abortion. These ballot initiatives vary in scope and intent. Eleven states, which include Arizona, Arkansas, Colorado, Florida, Maine, Maryland, Missouri, Montana, Nebraska, Nevada, and South Dakota, have ballot initiatives that are attempting to codify abortion access or enshrine abortion as a state constitutional right.

    Currently, only in Maryland is there an initiative that has secured a place on the ballot. In 2023, Maryland lawmakers sponsored a proposed state constitutional amendment and voted to put it on the 2024 ballot. If approved by voters, the amendment would grant a “fundamental right to reproductive freedom” and enshrine the right to abortion in the state. Maryland already allows abortion up to viability.

    Another initiative close to getting on the ballot is in Florida. On April 1, 2024, the Florida Supreme Court ruled 4-3 that a deceptive proposal to codify unrestricted abortion in the state constitution could go before voters this November. This ballot initiative is a citizen-led effort which began as a signature petition, which still requires the signatures to be verified by the state’s certifying authority. While not officially on the ballot yet, the initiative aims to establish a constitutional right to abortion before fetal viability in Florida and dictate that no law shall prohibit, penalize, delay, or restrict abortion.

    LifeNews is on TruthSocial. Please follow us here.

    In their dissents, three Florida Supreme Court justices correctly argued that the proposed amendment “misleads” voters and “fails” to convey the far-reaching legal consequences if voted into law. The justice’s stated the amendment misleads voters by “ending (as opposed to ‘limiting’) legislative and executive action on abortion;” the ambiguous” terms have no shared meaning setting the stage for protracted litigation; and ignores personhood and poses a “devastating infringement” on a person’s right to live. If the proposed amendment gets on the ballot, it will require a supermajority of 60 percent voting “yes” to amend the state constitution.

    Initiatives in only four states, which include Colorado, Iowa, Nebraska, and Pennsylvania, are attempting to guarantee the right to life for unborn babies or declare no right to abortion. Notably, both Colorado and Nebraska have two separate and opposing efforts on abortion. In Nebraska, one amendment would provide a “fundamental right to abortion without interference from the state” until fetal viability while the other would protect unborn children from abortion after the first trimester. In Colorado, the “Equal Protection of Every Living Child” amendment would define a “living human child” as a human being beginning at the moment of conception and prohibit the intentional harm of that child in the womb, while a Right to Abortion initiative would codify abortion rights and health insurance coverage for abortion. Both Iowa and Pennsylvania initiatives would declare their state constitutions do not provide a right to abortion or a right to public funding for abortion.

    Out of the 13 states, nine states involve citizen-led efforts that still require gathering or certifying enough signatures before getting on the ballot. Each of these initiatives have varying deadlines ranging between May to August 2024.

    For the remaining four states, Maryland already has abortion on the ballot while Iowa, Maine, and Pennsylvania have initiatives that are sponsored by the legislatures which still need to hold a vote. These amendments face significant hurdles. For instance, both Iowa and Pennsylvania initiatives need to pass in both the House and the Senate in two successive legislative sessions before being placed on the ballot for voters. Both initiatives passed in the 2021-2022 sessions and would need to pass again this year to get on the ballot. In Maine, a proposed amendment to enshrine a constitutional right to “personal reproductive autonomy” needs a two-thirds majority vote in the legislature to place it on the ballot.

    Liberty Counsel Founder and Chairman Staver stated, “The right to kill a child should never be up to popular vote. The right to life is an inalienable right that come from God, not government. All human life is sacred. Human life begins at the moment of fertilization.”

    For more information about the 13 states with proposed constitutional amendments regarding abortion, visit Liberty Counsel’s website here.

    The post 11 States May Vote on Killing Babies in Abortions Up to Birth, We Have to Stop Them appeared first on LifeNews.com.

  24. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    'Dangerous Provocation': Kremlin Blasts Ukraine For Drone Strike On Zaporizhzhia Nuclear Plant

    The International Atomic Energy Agency is once again sounding the alarm over the potential that disaster could strike the Russian-controlled Zaporizhzhia Nuclear Power Plant in southeastern Ukraine, which is the largest in Europe.

    On Sunday, for the first time since 2022, Ukraine apparently sent a drone against the facility and it struck one of the plant's six nuclear reactors. While Kiev has firmly denied it was behind the attack, Moscow has denounced it as a "very dangerous provocation" from Ukraine forces. Kremlin spokesman Dmitry Peskov denounced it as "a very dangerous practice with very bad negative consequences." He said it's but the latest example of Kiev's "terrorist activity."

    "IAEA staff who are on site have had the opportunity to witness these attacks," Peskov added. Russian state-owned nuclear agency Rosatom reported casualties as a result of the strike, detailing that three people were wounded in the "unprecedented series of drone attacks."

    Image: Russia UN photo

    IAEA head Rafael Grossi warned that if this continues, a serious nuclear accident with radiological consequences could occur. "This cannot happen," Grossi wrote on X Sunday. He urged both warring sides to avoid any aggression which violates fundamental principles meant to safeguard nuclear facilities. 

    Russia has long occupied the facility and overseen its operations, utilizing local Ukrainian engineers, and through the course of the war there have been sporadic Ukrainian assaults on the plant.

    "Damage at unit 6 has not compromised nuclear safety, but this is a serious incident with potential to undermine integrity of the reactor’s containment system," Grossi described. The IAEA said that a drone strike resulted in a "detonation" which was "consistent with IAEA observations."  

    EuroNews further reports that "According to plant authorities, there was no critical damage... Radiation levels at the plant were also normal after the strikes."

    Additionally, state-run TASS has confirmed the following details of the plant's current status:

    The radiation level at the plant and the adjacent territory has not changed. It corresponds to the normal operation of power units and does not exceed the natural background values. The power unit that was hit is currently in the "cold shutdown" mode. Before that, the Ukrainian military carried out an attack on the ZNPP premises on April 5. Drone attacks were recorded in the area of the cargo port and the nitrogen-oxygen station.

    During the opening months of the conflict following Russia's invasion in Feb. 2022, there was widespread condemnation against Russian forces centered on the Zaporizhzhia. 

    However, after Russia clearly came into full control of the plant's daily operations, and as Ukraine forces began dangerously shelling it and sending the occasional drone, global condemnations of the actions of the Ukraine side were curiously absent. With this newest incident too, UN and Western officials are carefully avoiding naming Ukraine as the culprit.

    But of course, the Russians likely didn't just try to drone themselves. But interestingly, in the past Ukrainian media sources sought to claim Moscow would prepare a 'false flag' at the plant. This fresh weekend event is the first time Zaporizhzhia has been the intense focus of international headlines in over a year.

    Tyler Durden Mon, 04/08/2024 - 12:20
  25. Site: AsiaNews.it
    2 weeks 4 days ago
    The influential opposition politician wants to evict more than 60 families despite receiving regular payment. By legal manoeuvring, he managed to get an eviction notice from the Supreme Court and does not intend to return the money he received. An appeal has been made to the chief minister of Punjab and the prime minister of Pakistan.
  26. Site: Mises Institute
    2 weeks 4 days ago
    Author: Jane L. Johnson
    Contrary to popular opinion, bank capital is not a reserve to cover potential losses. In fact, even the ill-fated Silicon Valley Bank had adequate bank capital before it collapsed.
  27. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    Yields To Stay Elevated As Inflation Emboldens Short Bond Trade

    Authored by Simon White, Bloomberg macro strategist,

    Rising inflation is likely to push more traders to go outright short on US Treasuries, supporting yields.

    The inflation tide is turning. Disinflation has stalled in the US, core inflation in Japan is stuck at more than 30-year highs, and the global median inflation rate has stopped falling.

    Global disinflation momentum has petered out. The Citi Inflation Surprise indices, which were negative in almost every country only three months ago, are now positive is most countries.

    We’ll get updates on inflation this week from several countries in Europe as well as the US. Leading data has been consistently pointing to a re-rise in US inflation.

    To add to that, Citi also produces an Inflation Data Change Index for the US, which tracks the cumulative change in inflation-related data. It shows US CPI should soon start rising again.

    That’s a challenge for bond holders. Speculators’ positioning in USTs in the Commitment of Traders report is very net short, but this data is polluted by the basis trade, i.e. trading the bond future versus the underlying cash bond.

    A better way to look at the data to try to account for this is to focus on the positioning of asset managers and leveraged funds. Typically, the second places the trade with the first via the repo market.

    If we net the positioning in futures between leveraged funds and asset managers that should eliminate much of the contribution from basis trading. The net position in 10y UST futures is basically flat (orange line in the chart below).

    Another proxy for bond positioning shows that longs in 10y notes have been falling quite rapidly from their highs at the end of the last year. Furthermore, JP Morgan’s Client Treasury Survey shows outright shorts at almost series lows.

    The overall message is that bond traders have been reducing longs as recession risk has receded, but they have not yet gone net short en masse. However, the inflation picture is likely to soon change that.

    This week’s inflation data has a risk tilt, in that a lower-than-expected print is unlikely to prompt a stampede of fresh longs, but data that is above expectations could see any lingering doubts about going short bonds adamantly put to one side.

    Tyler Durden Mon, 04/08/2024 - 12:00
  28. Site: LifeNews
    2 weeks 4 days ago
    Author: Laura Echevarria

    Today, President Donald Trump stated his campaign position on the abortion issue for his administration post-Dobbs.

    “National Right to Life praises President Trump for his work in ensuring that the wrongly decided Roe v. Wade was abandoned to the garbage heap of history,” said Carol Tobias, president of National Right to Life. “In his first term, President Trump demonstrated extraordinary leadership and delivered historic results on behalf of vulnerable unborn children and their mothers.”

    Tobias continued, “Thanks to President Trump, the American people and their elected representatives on the state and federal levels now have greater authority to determine abortion policy and pass meaningful protections for unborn children and their mothers. Efforts on the federal level include undoing pro-abortion policies enacted by Joe Biden based on a wish list of the abortion industry.”

    Throughout his time in office, President Trump championed policies designed to safeguard the lives of both unborn children and their mothers from unlimited abortions.

    Follow LifeNews.com on Instagram for pro-life pictures and videos.

    • Along with a consistent majority of Americans, President Trump opposes using tax dollars to pay for abortions. In 2017, Trump issued a statement of support for the No Taxpayer Funding for Abortion Act, a bill that would bar taxpayer funding for abortions on a government-wide basis with exceptions for when the life of the mother is at risk or in cases of rape, incest, or medical emergency.
    • As one of his first actions as president in 2017, President Trump reinstated the Mexico City Policy to halt the flow of American tax dollars to organizations that perform or promote abortions overseas. He later expanded this policy as the “Protecting Life in Global Health Assistance Policy” to prevent foreign aid from being used to fund the global abortion industry.
    • President Trump supports the Born-Alive Abortion Survivors Protection Act, which would ensure that an infant born alive during an abortion attempt is afforded the same degree of medical care as any other infant born at the same gestational age.
    • President Trump opposes the so-called Women’s Health Protection Act, also referred to as the “Abortion Without Limits Until Birth Act,” an extreme bill pushed by Democrats that would enshrine unlimited abortion in federal law and policies and tear down virtually all protections for unborn children and their mothers on the state level including laws requiring parental involvement before an abortion is performed on a minor.

    In contrast, President Joe Biden and Vice President Kamala Harris have been almost laser-focused on promoting the administration’s support of the abortion industry and the killing of vulnerable preborn babies. Vice President Harris made the unprecedented move of visiting an unlicensed abortion facility.

    In a second term, Biden and Harris have made it no secret that they plan to institute a radical, nationwide policy that will allow unlimited abortions for any reason until birth and that they want to use taxpayer dollars to fund abortions.

    “We look forward to defeating the pro-abortion Biden-Harris ticket and working with President Trump to build an America that truly respects life at every stage,” said Tobias.

    Continued Tobias, “President Trump’s record on life speaks for itself.”

    In January 2024, National Right to Life, the federation of right-to-life affiliates in all 50 states and the District of Columbia, over 3,000 local chapters, and millions of grassroots supporters, announced its endorsement of President Donald J. Trump in the 2024 presidential race.

    A summary of President Trump’s record on the life issues is available here.

    A summary of President Biden’s record on the life issues is available here.

    A summary of the abortion position of Presidential candidate Robert F. Kennedy Jr. is available here.

    The post Pro-Life Group Says Donald Trump is Much Better on Abortion Than Biden: “His Pro-Life Record Speaks for Itself” appeared first on LifeNews.com.

  29. Site: Euthanasia Prevention Coalition
    2 weeks 4 days ago
    By Gordon Friesen
    President, Euthanasia Prevention Coalition

    Gordon Friesen
    Through the years Alex Schadenberg has written many articles (and hosted many others) on the subject of euthanasia in the British cultural diaspora that are published on the EPC blog. By that term, I mean, above all, those countries such as Canada, Australia, and New Zealand whose populations are (or at least recently were) of majority British stock. Most lately Alex has written pieces on the Channel Islands, Scotland, and the UK itself.

    Unfortunately this very significant cultural and political group appears to have fully embraced the notion of euthanasia. And because all of its members have a largely common social structure, they appear to be on track to do so in one particular fashion, for which Canada most unhappily provides us with the template.

    One final example, Ireland, is found at the heart of British history, being itself one of the "British Isles", but having resolutely rejected British Imperialism all the way back to William the Conqueror! In recent memory, the Irish have literally fought their way out of the Empire, slammed the door on the Commonwealth.

    Unfortunately, however, that independent streak is not reflected in their evolving policy on euthanasia.

    Over the last half year, the Irish Houses of Parliament (The Oireachtas), have studied euthanasia in a Joint Committee on Assisted Dying. Readers of this blog will be familiar with the names Leonie Herx, Trudo Lemmens, and Heidi Janz, all of whom spoke before the Committee (October 17, 2023: Assisted dying in Canada), and also Mark Komrad (October 3, 2023: Assisted dying in the United States). I personally submitted a pamphlet-length criticism of euthanasia but sadly, these efforts have proved fruitless, as we may plainly see in the recently released Final Report of that body (March 2024).

    Conclusions of the Irish Joint Committee on Assisted Dying

    In all probability the Irish will soon authorize euthanasia for people "diagnosed with a disease, illness or medical condition... causing suffering to the person that cannot be relieved in a manner that the person finds tolerable".

    There are, of course, other requirements, such as an expected death within six months (or 12 for certain conditions); of full mental capacity (including at the time of euthanasia); and of major age. However, as experience has clearly demonstrated in Canada, there can be no logical basis for confidence in any such secondary requirements:

    From the moment that we first admit the principle of euthanasia, practised as a cure for suffering, ALL classes of suffering individuals can (and eventually will) gain access to euthanasia through the vehicle of fairness-based judicial litigation and legislative extensions to eliminate discrimination. It might take a year or a few years. But given the assumptions of our commonly shared British sense of Justice, that outcome is reasonably inevitable. Public responsibility for medical care

    Another common assumption throughout the British diaspora is that medical care is a collective responsibility. As a medical treatment, then, euthanasia will be available, as in Canada, throughout the entire medical industry. It will not be a simple liberty. It will be a claimable right (entitlement). And this status is made clear by the fact that (despite individual conscience protection) objecting physicians will be required to make referrals to "participating health care professionals" (and/or) "a national oversight body" to get the job done).

    Similarly, again (because medical homicide is to be an entitled medical treatment), there is no doubt that we are talking about true euthanasia and not assisted suicide, since: 

    "any potential legislation for assisted dying should provide a means of access to treatment for individuals who require assistance during the administration."

    As I have noted in previous articles, it is these two elements (true medical euthanasia employed as a "cure" or "treatment" for suffering) and euthanasia provided as a publicly guaranteed entitlement (rather than a simple liberty), which explain the amazing ten times greater frequency which separates Canada from Oregon-style assisted suicide regimes. And it is therefore the Canadian group to which Ireland will apparently belong.

    I must in fairness mention a number of well-intentioned safeguards and social justice measures included by the Irish legislators in their recommendations. These include: ratification of the "Optional Protocol to the United Nations Convention on the Rights of Persons with Disabilities" (UNCRPD); extensive capacity testing; measures to avoid coercion (without, however, recognizing the inevitably coercive effect of the entire projected regime); strict oversight; clinical separation of Palliative Care from assisted death; administrative separation of Palliative Care budgets; increased support of Palliative Care; information and counselling on alternatives to euthanasia, etc., etc....

    However, pious assertions regarding care of the "least fortunate" and the "most vulnerable" can do little to change actual budgetary realities. And procedural safeguards (like the three member physician committees) tend to disappear like mist on a summer morning. Or to use a time-honoured Irish colloquialism: They are not worth a Tinker's damn!

    Our Irish friends should, therefore, have no illusions: 

    If euthanasia is legalized as a cure for suffering, then suffering people will be "cured" with euthanasia! Indeed, "euthanasia" itself is but a misleading euphemism. The correct term is "medical homicide". And the plainest description is thus:
    Suffering people will be killed. Despite justified criticism, those of us who trace our roots to the British tradition may be rightfully proud of many positive political and social principles diffused around the globe.

    Unfortunately, medical euthanasia is not one of them.

    Gordon Friesen, April 7, 2024

  30. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    Why US Public Debt Is Unsustainable And Is Destroying The Middle Class

    Authored by Daniel Lacalle,

    In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”.

    There is a widespread idea that the fiscal imbalances of a world reserve currency issuer would end in an Argentina-style bankruptcy. However, the manifestation of unsustainability did not even appear as drastic in Argentina itself. Hey, Argentina continues to exist, doesn’t it?

    Excessive public debt is unsustainable when it becomes a burden on productive growth and leads the economy to constantly rising taxes, weaker productivity growth, and weaker real wage growth. However, the level of unsustainable accumulation of debt may continue to rise because the state itself imposes public debt on banks’ balance sheets and the state forces the financial sector to take all its debt as the “lowest risk asset.” However, law and regulation have merely imposed and forced this construct. Rising debt bloats the government’s size in the economy and erodes its growth and productivity potential.

    Many diabetic and obese people continue to eat too much unhealthy food, thinking nothing has happened so far. That does not mean their eating habits are sustainable.

    Those who ignore the accumulation of public debt tend to do so under the idea that nothing has happened yet. This is a reckless way of looking at the economy, a sort of “we have not killed ourselves yet; let us accelerate” mentality.

    An ever-weaker private sector, weak real wages, declining productivity growth, and the currency’s diminishing purchasing power all indicate the unsustainability of debt levels. It becomes increasingly difficult for families and small businesses to make ends meet and pay for essential goods and services, while those who already have access to debt and the public sector smile in contentment. Why? Because the accumulation of public debt is printing money artificially.

    When money is created in the private sector through the financial system, there is a process of wealth creation and productive money creation. The financial system creates money for projects that yield a genuine economic return. Some fail, others soar. That is the process of productive economic growth and progress. Only when the central bank manipulates interest rates, disguises the cost of risk, and increases the money supply to monetize unproductive deficit spending can it distort this process.

    Private banks in an open economy create money to accelerate progress and free-floating interest rates limit the accumulation of unproductive and dangerous risk. When the central bank wants to disguise the worsening solvency of fiscally imprudent governments, it does so by tampering with interest rates—making fiscally irresponsible governments’ borrowing cheaper—and artificially increasing the amount of currency in the system, monetizing public debt—a destructive process of money creation as opposed to the saving-investment function of banking.

    When the fiscal position is unsustainable, the only way for the state to force the acceptance of its debt—newly created currency—is through coercion and repression.

    A state’s debt is only an asset when the private sector values its solvency and uses it as a reserve. When the state imposes its insolvency on the economy, its bankruptcy manifests in the destruction of the purchasing power of the currency through inflation and the weakening of real wage purchasing capacity.

    The state basically conducts a process of slow default on the economy through rising taxes and weakening the purchasing power of the currency, which leads to weaker growth and erosion of the middle class, the captive hostages of the currency issuer.

    Of course, as the currency issuer, the state never acknowledges its imbalances and always blames inflation and weak growth on the private sector, exporters, other nations, and markets. Independent institutions must impose fiscal prudence to prevent a state from destroying the real economy. The state, through the monopoly of currency issuance and the imposition of law and regulation, will always pass on its imbalances to consumers and businesses, thinking it is for their own good.

    The government deficit is not creating savings for the private economy. Savings in the real economy accept public debt as an asset when they perceive the currency issuer’s solvency to be reliable. When the government imposes it and disregards the functioning of the productive economy, positioning itself as the source of wealth, it undermines the very foundation it purports to protect: the standard of living for the average citizen.

    Governments do not create reserves; their debt becomes a reserve only when the productive private sector economy within their political boundaries thrives and the public finances remain under control. The state does show its insolvency, like any issuer, in the price of the I.O.U. it distributes, i.e., in the purchasing power of the currency. Public debt is artificial currency creation because the state does not create anything; it only administers the money it collects from the same productive private sector it is choking via taxes and inflation.

    The United States debt started to become unsustainable when the Federal Reserve stopped defending the currency and paying attention to monetary aggregates to implement policies designed to disguise the rising cost of indebtedness from unbridled deficit spending.

    Artificial currency creation is never neutral. It disproportionately benefits the first recipient of new currency, the government, and massively hurts the last recipients, real wages and deposit savings. It is a massive transfer of wealth from the productive economy and savers to the bureaucratic administration.

    More units of public debt mean weaker productive growth, higher taxes, and more inflation in the future. All three are manifestations of a slow burn default.

    So, if the state can impose its fiscal imbalances on us, how do we know if the debt it issues is unsustainable? First, because of the units of GDP created, adding new units of public debt diminishes rapidly. Second, the erosion of the currency’s purchasing power persists and accelerates. Third, because productive investment and capital expenditure decline, employment may remain acceptable in the headlines, but real wages, productivity, and the ability of workers to make ends meet deteriorate rapidly.

    Today’s narrative tries to tell us that nothing has happened when a lot has. The destruction of the middle class and the deterioration of the small and medium enterprise fabric in favor of a rising bureaucratic administration that consumes higher taxes but still generates more debt and deficits It does end badly. And all empires end the same way, with the assumption that nothing will happen. The currency’s acceptance as a reserve does come to an end. The persistent erosion of purchasing power and declining confidence in the legally imposed “lowest risk asset” are some of the red flags some are willing to ignore, maybe because they live off other people’s taxes or because they benefit from the destruction of the currency through asset inflation. Either way, it is profoundly anti-social and destructive, even if it is a slow detonation.

    The fact that there are informed and intelligent investors who willingly ignore the red flags of weakening the middle class, declining purchasing power of the currency and deteriorating solvency and productivity shows why it is so dangerous to allow governments to maintain fiscal imprudence. The reason why government money creation is so dangerous is because the government is always happy to increase its power over citizens and blame them for the problems its policies create, presenting itself as the solution.

    Can debt continue to rise? Of course. The gradual process of impoverishment and serfdom is relatively comfortable when the state can impose the use of the currency and force its debt into your pension by law and regulation.

    To think that it will last forever, and nothing will happen is not just reckless “accelerate, we have not crashed yet” mentality. It is ignoring the reality of money. Independent money, gold, and similar, solve this.

    Tyler Durden Mon, 04/08/2024 - 11:25
  31. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    99% Of Americans Will Be Able To See Either A Partial Or Full Solar Eclipse In The Next Few Hours

    The much-anticipated total solar eclipse will be watched by millions across North America this afternoon.

    Because so many Americans live within or very close to the path of totality, it is being projected that this will be the most viewed total solar eclipse that the U.S. has ever experienced…

    The total eclipse will first appear along Mexico’s Pacific Coast at around 11:07 a.m. PDT, then travel across a swath of the U.S., from Texas to Maine, and into Canada.

    About 31.6 million people live in the path of totality, the area where the moon will fully block out the sun, according to NASA. The path will range between 108 and 122 miles wide. An additional 150 million people live within 200 miles of the path of totality.

    There are more than 19,000 cities, towns and villages in the United States, and the very first one the path of totality will hit will be Eagle Pass, Texas

    The eclipse will begin in the U.S. on the afternoon of April 8. It will first be visible as a partial eclipse beginning at 12:06 p.m. CDT near Eagle Pass, Texas, before progressing to totality by about 1:27 p.m. CDT and progressing along its path to the northeast over the next few hours.

    As Michael Snyder reports, according to NASA, the path of totality for the Great American Eclipse of 2024 will actually be substantially wider compared to the path of totality for the Great American Eclipse of 2017…

    The path of totality – where viewers can see the Moon totally block the Sun, revealing the star’s outer atmosphere, called the corona – is much wider during the upcoming total solar eclipse than it was during the eclipse in 2017. As the Moon orbits Earth, its distance from our planet varies. During the 2017 total solar eclipse, the Moon was a little bit farther away from Earth than it will be during the upcoming total solar eclipse, causing the path of that eclipse to be a little skinnier. In 2017, the path ranged from about 62 to 71 miles wide. During the April eclipse, the path over North America will range between 108 and 122 miles wide – meaning at any given moment, this eclipse covers more ground.

    The 2024 eclipse path will also pass over more cities and densely populated areas than the 2017 path did. This will make it easier for more people to see totality. An estimated 31.6 million people live in the path of totality this year, compared to 12 million in 2017. An additional 150 million people live within 200 miles of the path of totality.

    If you are not able to make it into the path of totality on Monday, there is a very good chance you will still be able to experience at least a partial eclipse as long as clouds do not completely obscure your view.

    NASA is telling us that literally 99 percent of the people that live in the United States will be able to see at least a partial eclipse…

    You don’t need to live within the path of totality to see the eclipse – in April, 99% of people who reside in the United States will be able to see the partial or total eclipse from where they live. Every contiguous U.S. state, plus parts of Alaska and Hawaii, will experience at least a partial solar eclipse.

    This really is an eclipse for the entire country.

    Even on the west coast, approximately half of the sun will be blocked out by our moon…

    The moon will block a significant portion of the sun and create a partial solar eclipse outside of the path of totality. The closer an area is to the path of totality, the larger the portion of the sun and its solar radiation – sunlight and energy – will be obscured by the moon.

    At least 50% of the sun will be blocked during the eclipse as far west as Anaheim, California, and as far east as Orlando, Florida. Only around 20% of the sun will be blocked in the Pacific Northwest.

    How the eclipse will look from where you are
    pic.twitter.com/4Gn6VtFgNx

    — Science girl (@gunsnrosesgirl3) April 8, 2024

    NASA is hosting a livestream of the solar eclipse which can be viewed here...

    Tyler Durden Mon, 04/08/2024 - 11:24
  32. Site: RT - News
    2 weeks 4 days ago
    Author: RT

    The Holy See has described the procedure as “threatening the unique dignity” that a person receives from the moment of conception

    Gender-affirming surgery and surrogacy represent major threats to the dignity of human life, and are on a par with abortion and euthanasia, the Catholic Church has pronounced in its latest doctrinal note.

    Pope Francis has previously singled out transgenderism as a “dangerous ideology,” claiming it is part of a “global war” against marriage and the family.

    At the same time, the Vatican has in recent months somewhat relaxed its rules, allowing priests to issue blessings to same-sex couples outside of religious rituals or liturgies, although stopping short of legitimizing what it still terms as “irregular situations.”

    Last November, the Catholic Church also clarified that transgender believers may receive the sacrament of baptism, serve as witnesses in wedding ceremonies, and act as godparents, provided this does not lead to a “public scandal.”

    On Monday, in a paper titled the ‘Doctrine of the Faith Dignitas Infinita on Human Dignity’, the Holy See stated that people should accept their lives and bodies as a “gift from God.” As such, any attempts to change this are tantamount to playing God, the document declares.

    The Vatican further argued that gender theory aims to deny the “greatest possible difference that exists between living beings: sexual difference.”

    Read more Pope Francis on World Youth Day, August 6, 2023 Pope fires anti-LGBTQ bishop

    “It follows that any sex-change intervention, as a rule, risks threatening the unique dignity the person has received from the moment of conception,” the document added.

    The paper does draw a distinction between transition through choice and cases where surgery is performed on individuals with “genital abnormalities that are already evident at birth or that develop later.”

    The Holy See argued that gender theory plays a “central role” in what it termed “ideological colonization.”

    The document, which reportedly took five years to produce, does, however, also take aim at countries where “people are imprisoned, tortured, and even deprived of the good of life solely because of their sexual orientation.” Such practices are “contrary to human dignity,” the church said.

    Another alleged threat named in the paper is surrogacy, which it described as turning children into “mere objects” and denying them their inalienable right to “have a fully human (and not artificially induced) origin.”

    Surrogacy “violates the dignity of the woman,” who ends up being “detached from the child growing in her and becomes a mere means subservient to the arbitrary gain or desire of others,” it claimed.

  33. Site: Ron Paul Institute - Featured Articles
    2 weeks 4 days ago
    Author: Ron Paul

    Even Republican stalwarts like current Senate Minority Leader Mitch McConnell are starting to notice that something is shifting in the party. While McConnell announced recently that he would step down as Republican leader in the US Senate, in an interview last week he was adamant that he would continue to serve out his term in the Senate with one purpose in mind: “fighting back against the isolationist movement in my own party.”

    He sounds worried.

    What McConnell deems to be “isolationism” had for much of our history been called America’s traditional foreign policy. There have been  major exceptions, but until the emergence of the neoconservatives starting in the late 1970s we largely adhered to the words of John Quincy Adams that America, “goes not abroad, in search of monsters to destroy.”

    Why is that? The idea had always been that we would have more influence on freedom worldwide by concentrating on demonstrating the benefits of a free-market economy and protection of our Constitutional liberties at home. The US would lead the world by example rather than leading at the barrel of a gun.

    When we strayed from that idea we got disasters like Vietnam.

    But then in the 1980s, the neoconservatives seized control of the foreign policy of the Republican Party (and eventually much of the Democratic Party). They were determined to remake the world in their image through the use of force.

    The military-industrial complex and all the special interests loved this takeover because it meant a huge transfer of wealth from the middle class to them, the moneyed class. The American people at first accepted the hollow promises of the interventionist neocons, believing as they were told that it was the “patriotic” thing to do.

    What we are now seeing – and it is evident in the polls as well as in speeches of our politicians – is a shift away from interventionism. The mood has changed, and more Americans are tired of being told they must sacrifice to save the rest of the world from itself.

    Recently Col. Douglas Macgregor posted on Twitter, “We have lost $14 TRILLION over the last 20 year on dumb interventions in other countries. What good has it done?”

    Many Republicans are asking that same question. What have we gotten for the first $100 billion to Ukraine? A victory for “freedom” like we were promised? No. We got rampaging inflation, decreasing standard of living, and demands for another $100 billion!

    What did we get for the trillions we spent in the 20-year war in Afghanistan? Peace and democracy in the region? Hardly. As it’s often said, we spent 20 years in Afghanistan replacing the Taliban with the Taliban. All the money wasted, all the lives destroyed, all the blood spilled over 20 years and the interventionists achieved nothing. Worse than nothing.

    Speaker Mike Johnson is facing serious pressure from House Republicans over his desire to keep spending on overseas intervention. That’s one reason the “national security supplemental” foreign aid bill has not been brought to the Floor. All of a sudden interventionism is a loser with more of the American people, and politicians are paying attention.

    McConnell may think that he can stem the tide by preaching more intervention, but not even the Senate Republican leader can stop an idea whose time has come.

  34. Site: Zero Hedge
    2 weeks 4 days ago
    Author: Tyler Durden
    Eclipse Will Cut 30 Gigawatts Of Solar Power Across Nation's Grids

    Later today, as millions of Americans head outside to observe the total solar eclipse, power grid operators across the country will face a significant reduction in solar power generation. This will place grids in a vulnerable spot, as backup fossil fuel generation and or battery reserves will need to kick on to mitigate grid stress.

    Bloomberg data estimates that 30 gigawatts of solar energy—equivalent to 30 nuclear reactors—will be lost today because the eclipse will partially block sunlight for solar fields. 

    Bloomberg compiled a list of the top US power grids that will experience the largest losses in solar electricity generation: 

    • The Texas power grid will be affected the most, losing about 17 gigawatts, according to estimates compiled by the Schneider Capital Group LLC.

    • To the northeast, the grid operated by PJM Interconnection LLC will lose about 4.8 gigawatts of utility-scale solar power and about the same amount from rooftop systems. 

    • The impact on the Midcontinent Independent System Operator grid, covering much of the Midwest, will be slightly less — 4 gigawatts.

    Here's a timeline of the solar eclipse, as well as the power markets that will be the most affected from Texas to Maine, according to S&P Global

    "Because we know about the eclipse ahead of time, utilities have prepared and planned for the lost solar energy," the Energy Information Administration penned in a recent note. 

    EIA added, "Several grid authorities have released plans for how they plan to deal with the change in solar generation during the eclipse. During the eclipse, electricity generators in the affected areas will have to increase output from other sources of electricity generation to supplement the decrease in solar power." 

    The country's last total solar eclipse occurred in 2017. Since then, solar generation has tripled in the US, accounting for about 4% of total power generation.

    Today will be a major test of renewable-heavy grids. Maybe it's time, instead of grids focusing on building out unreliable solar and wind power generation - to focus on nuclear. The CEO of Pacific Gas & Electric said last week: "Nuclear should be part of the future." 

    Tyler Durden Mon, 04/08/2024 - 11:00
  35. Site: LifeNews
    2 weeks 4 days ago
    Author: Steven Ertelt

    In a brand-new video message released today, Donald Trump slammed Joe Biden for supporting abortions up to birth and celebrated overturning Roe v. Wade – the radical decision that allowed abortions up to birth across America.

    In a four-minute long video posted on Truth Social, trump said he was “proudly the person responsible for the end of Roe v Wade,” the 1973 landmark ruling that had enshrined unlimited abortion.

    “Many people have asked me what my position is on abortion and abortion rights, especially since I was proudly the person responsible for something that all legal scholars both sides wanted and in fact demanded be ended: Roe vs Wade. They wanted it ended,” he said.

    He thanked the six conservative Supreme Court justices – three of whom he appointed – for “having the courage for this long-fought battle to end”.

    “This 50-year battle over Roe v Wade took it out of the federal hands and brought it into the hearts, mind and votes of the people in each state – it’s really something,” he said.

    Trump accurately condemned Democrats who support abortions up to birth and even infanticide.

    SUPPORT LIFENEWS! If you want to help fight abortion, please donate to LifeNews.com!

    “That’s exactly what it is. The baby is born, the baby is executed after birth,” he claimed.

    Trump went on to say that he believes abortion laws should be decided by individual states – hinting that he would not implement a federal abortion ban should he defeat Biden in November.

    “Many states will be different, many will have a different number of weeks or some will have more conservative than others and that’s what they will be. At the end of the day, this is all about the will of the people,” he said.

    Trump praised Alabama’s legislature for passing legislation to preserve the availability of IVF in the state – coming after the state’s Supreme Court ruled that fertility clinics can be held accountable for kill9ing human embryos.

    “The Republican party will always support the creation of strong, thriving and healthy American families. We want to make it easier for mothers and families to have babies – not harder,” he said.

    “That includes supporting the availability of fertility treatment like IVF in every state in America. Like the overwhelming majority of Americans including the vast majority of Republicans, conservatives, Christians and pro-life Americans, I strongly support the availability of IVF for couples who are trying to have a precious baby – what could be more beautiful or better than that.”

    Here is a transcript of the full statement:

    Under my leadership, the Republican Party will always support the creation of strong, thriving, and healthy American families. We want to make it easier for mothers and families to have babies, not harder. That includes supporting the availability of fertility treatments like IVF in every state in America.
    Like the overwhelming majority of Americans, including the vast majority of Republicans, conservatives, Christians, and pro-life Americans, I strongly support the availability of IVF for couples who are trying to have a precious baby. What could be more beautiful or better than that?
    Today, I’m pleased that the Alabama legislature has acted very quickly, and passed legislation that preserves the availability of IVF in Alabama, they really did a great and fast job. The Republican Party should always be on the side of the miracle of life and the side of mothers, father, their beautiful babies. And that’s what we are.
    IVF is an important part of that and our great Republican Party will always be with you in your quest for the ultimate joy in life. Many people have asked me what my position is on abortion and abortion rights, especially since I was proudly the person responsible for the ending of something that all legal scholars, both sides wanted and, in fact, demanded be ended: Roe v. Wade. They wanted it ended.
    It must be remembered that the Democrats are the radical ones on this position because they support abortion up to and even beyond the ninth month. The concept of having an abortion in the later months and even execution after birth. And that’s exactly what it is. The baby is born, the baby is executed after birth is unacceptable. And almost everyone agrees with that.
    My view is now that we have abortion where everybody wanted it from a legal standpoint, the states will determine by vote or legislation or perhaps both. And whatever they decide must be the law of the land. In this case, the law of the state. Many states will be different, many will have a different number of weeks, or some will have more conservative than others, and that’s what they will be.
    At the end of the day. This is all about the will of the people. You must follow your heart or in many cases, your religion or your faith. Do what’s right for your family and do what’s right for yourself. Do what’s right for your children, do what’s right for our country, and vote; so important to vote. At the end of the day. It’s all about will of the people. That’s where we are right now. And that’s what we want, the will of the people.
    I want to thank the six justices, Chief Justice John Roberts, Clarence Thomas, Samuel Alito, Brett Kavanaugh, Amy Coney Barrett, and Neil Gorsuch, incredible people, for having the courage to allow this long-term, hard-fought battle to finally end.
    This 50-year battle over Roe v. Wade took it out of the federal hands and brought it into the hearts, minds, and vote of the people in each state, it was really something. Now, it’s up to the states to do the right thing.
    Like Ronald Reagan, I am strongly in favor of exceptions for rape, incest, and life of the mother. You must follow your heart on this issue. But remember, you must also win elections to restore our culture and in fact, to save our country, which is currently and very sadly, a nation in decline.
    Our nation needs help. It needs unity. It needs us all to work closely together. Democrat, Republican, liberal, conservative, everyone. We have to work together. We have to bring our nation back from the brink and that’s where it is. It’s at the brink and we will, we will do it. I promise you. We will do it.
    Always go by your heart. But we must win. We have to win. We are a failing nation. But we can be a failing nation no longer. We will make our nation great. We will make our nation greater than ever before. Thank you very much.

    The post Donald Trump Celebrates Overturning Roe, Slams Democrats for Supporting Abortions Up to Birth appeared first on LifeNews.com.

  36. Site: AsiaNews.it
    2 weeks 4 days ago
    Homeland Security Secretary Alejandro Mayorkas said he was "hopeful" that an agreement could be reached after recent discussions with his Chinese counterpart. The number of Chinese crossing the border between Mexico and the United States has a reached record high in recent years. Meanwhile, Treasury Secretary Janet Yellen ended her visit to China to reset economic relations.
  37. Site: RT - News
    2 weeks 4 days ago
    Author: RT

    The Republican presidential candidate has avoided making a federal policy pledge on the contentious issue

    Individual US states should decide how abortions are regulated, rather than the federal government, former President Donald Trump has declared in a video statement.

    Reproductive rights and restrictions on the termination of pregnancies were propelled to the forefront of US politics following the Supreme Court’s decision in 2022 to overturn the landmark 1973 Roe vs. Wade ruling.

    In what has been described as his most detailed statement on the issue so far, Trump released a roughly four-minute video on his Truth Social platform on Monday, reiterating that the Supreme Court decision was made possible by conservative judges he had nominated during his presidency.

    He insisted, however, that he wants each state to make its own decision on abortion, contrary to claims by critics that a new Trump presidency would result in a highly restrictive nationwide federal ban.

    “My view is now that we have abortion where everyone wanted it from a legal standpoint. The states will determine by vote or legislation, or perhaps both,” Trump said, adding that whatever they decide “must be… the law of the state.”

    Read more   US First lady Jill Biden Trump ‘dangerous’ for women – Jill Biden

    “Many states will be different. Many will have a different number of weeks, or some will have more conservative than others, and that’s what they will be,” the former leader continued. “You must follow your heart, or in many cases your religion or your faith.”

    The presumptive Republican nominee for this year’s presidential election expressed his party’s backing for a ‘pro-life’ stance, including the availability of in vitro fertilization treatment. Trump added that he is “strongly in favor” of exceptions that allow abortion in cases of rape or incest, or when the mother’s life is at risk.

    Critics have accused Trump of being evasive on the issue. Responding to the video, Ammar Moussa, the spokesperson for President Joe Biden’s reelection campaign, claimed that Trump “is endorsing every single abortion ban in the states, including abortion bans with no exceptions. And he’s bragging about his role in creating this hellscape.”

    READ MORE: France enshrines abortion in its constitution

    Mike Pence, who served as vice president under Trump, has publicly backed some of the most radical policies limiting abortions. Before ending his bid for the GOP nomination, Pence said last year that he would impose a federal ban for all pregnancies after six weeks.

  38. Site: LifeNews
    2 weeks 4 days ago
    Author: Brian Burch

    The federal government cannot abandon women and children exploited by abortion. Leaving abortion policy to the states is not sufficient.

    While federal legislation on abortion policy is challenging at present, we are confident that a Trump administration will be staffed with pro-life personnel committed to pro-life policies, including conscience rights, limits on taxpayer funding of abortion, and protections for pro-life states.

    Furthermore, no woman should face an unexpected pregnancy alone. We believe a new whole-of-government approach encouraging and supporting pregnant women to keep their children can be advanced under a new Trump administration.

    President Trump’s latest statement on abortion reflects the electoral minefield created by Democrat abortion fanaticism. The fact remains that pro-life voters need to win elections to protect mothers and children.

    Further, Democrats are now preparing a billion-dollar election year barrage with radical abortion as its centerpiece. While Trump did not commit to any specific pro-life policies, he notably will not stand in the way of states that have acted to protect innocent children from the violent abortion industry.

    SUPPORT LIFENEWS! If you want to help fight abortion, please donate to LifeNews.com!

    President Trump rightfully praised the end of Roe v. Wade, and applauded the courage of those Supreme Court justices by name that courageously overturned that decision. He also exposed the shocking extremism of “Catholic” Joe Biden, who supports abortion for any reason, including painful late term abortion.

    The contrast between Joe Biden and the Democrats and President Trump is unmistakable. Pro-life voters have only one option in November.

    LifeNews Note: Brian Burch writes for CatholicVote, where this column originally appeared.

    The post Trump is Right: Biden is the Abortion Extremist Because He Supports Abortions Up to Birth appeared first on LifeNews.com.

  39. Site: RT - News
    2 weeks 4 days ago
    Author: RT

    Berlin’s military support enables acts of genocide in Gaza, according to the Central American country

    Nicaragua called on the International Court of Justice (ICJ) on Monday to halt Germany from providing military aid to Israel, arguing that Berlin’s support enables acts of genocide and breaches of international humanitarian law in Gaza.

    Nicaragua’s Ambassador to the Netherlands, Carlos Jose Arguello Gomez, told the 16-judge panel that Berlin was ignoring its obligations under international law by continuing to provide military assistance to Israel.

    “There can be no question that Germany (...) was well aware, and is well aware, of at least the serious risk of genocide being committed,” in Gaza, Arguello Gomez stated, urging that this situation “has got to stop.”

    The German government has rejected Managua’s allegations. Tania von Uslar-Gleichen, a legal adviser for the German Foreign Ministry, called Nicaragua’s case “grossly biased” and denied that Berlin is breaching international law.

    “Germany does not, and never did, violate the Genocide Convention nor international humanitarian law, neither directly nor indirectly,” she told journalists at the hearing.

    Berlin will present its arguments in court on Tuesday.

    The case brought by Nicaragua comes at a time of growing calls worldwide to stop the supply of arms to Israel. Germany is the second-largest military exporter to the Middle Eastern country, after the US.

    Read more A vehicle in Deir Al-Balah, central Gaza, where employees from the World Central Kitchen (WCK) were killed in an Israeli airstrike UK facing growing pressure over arms sales to Israel

    On Friday, the UN’s top human rights body called on countries to stop selling or shipping weapons to Israel. The US and Germany opposed the resolution.

    In January, the ICJ imposed provisional measures ordering Israel to do all it can to prevent death, destruction and acts of genocide in Gaza. The orders came through a case filed by South Africa accusing Israel of breaching the 1948 Genocide Convention. The court has not ruled on the merit of the claims, and declined to order Israel to halt its military operations.

    Last week, the ICJ ordered Israel to take measures to improve the humanitarian situation in Gaza, including opening more land crossings to allow food, water, fuel and other supplies into the war-ravaged enclave.

    Israel declared war on Hamas after the Palestinian militant group carried out a surprise attack on the country last October, killing around 1,100 people and taking more than 200 hostages. More than 30,000 Palestinians have since been killed during Israel’s operations in Gaza, according to local authorities.

  40. Site: Steyn Online
    2 weeks 4 days ago
    Looking at the world through pitch-colored glasses...
  41. Site: LifeNews
    2 weeks 4 days ago
    Author: Steven Ertelt

    A leading pro-life group says Donald Trump’s statement on abortion is a “step in the right direction.”

    On Monday, Trump published a video on Truth Social where he stated that he believed abortion laws should be made by states, which could mean he would not sign any abortion limits as president and would allow states that have legalized abortions up to birth to continue doing so.

    “My view is…the states will determine by legislation or vote or perhaps both, and whatever they decide must be the law of the land. In this case, the law of the state. Many states will be different, many will have a different number of weeks or some will have more conservative than others, and that’s what they will be. At the end of the day, this is all about the will of the people,” Trump said in the statement. “You must follow your heart or, in may cases, your religion or your faith. Do what’s right for your family and do what’s right for yourself…do what’s right for our country.”

    “Like Ronald Reagan, I am strongly in favor of exceptions for rape, incest and life of a mother,” the presumptive GOP presidential candidate said.

    Students for Life Action President Kristan Hawkins told LifeNews.com that she appreciated Trump’s comments supporting life.

    Hawkins observed: “Unlike President Biden, President Trump begins his remarks on abortion celebrating ‘the ultimate joy in life’ – children and family. That kind of love and support for the bedrock of society, the family, will be a welcome change in the White House.”

    But Hawkins said Trump needs to meet with pro-life leaders to develop a better understanding of pro-life issues.

    “We clearly have some work to do to educate the Trump Administration to come on the many ways that abortion has been made federal. But with the mutual goals of supporting families and welcoming young children, we can work together to restore the culture of life stripped away by the national Democratic Party and their leadership,” she said.

    Click here to sign up for pro-life news alerts from LifeNews.com

    “I’m pleased to see that President Trump listened to pro-lifers and isn’t going to allow a divisive late-term limit that some GOP insiders were been pushing, which would have embraced more than 9 in 10 abortions, to be a distraction from Joe Biden’s abortion extremism,” Hawkins added. “However, to be clear, the Pro-Life Movement is united that abortion is a federal issue, and we won’t stop working until every child, in every state, is protected in life by law and service. Your state lines should never mean the beginning or end of your human rights.”

    She continued: “We clearly have some work to do to educate the GOP on the lawlessness of a predatory IVF industry, whose own sloppiness has caused the painful headlines we all have seen. It’s an industry in need of regulation and change, even as we understand the desire and passion for a family. We want to compassionately embrace families who want children as well as the children turned into a disposable commodity by predatory and negligent businesses. But Pro-Life Generation can work with an administration preparing to welcome the next generation, rather than fast-tracking their deaths by abortion.”

     “We hope that President Trump’s agenda will end the anti-baby, anti-family bias of President Biden’s Administration. Our SFLA-You Gov poll shows less than one in ten Youth Voters supports the Democratic Party Abortion Position: Abortion without limits, Paid for by taxpayers, Without conscience protections for medical professionals, or Respect for the rights of states to enact laws. Add in the Democratic Party’s efforts to block medical care to infants born during botched abortions, and infanticide, and that’s a horrific agenda. 

    “Fighting against that kind of abortion extremism is a reason to vote for Donald Trump.”

    Trump’s position follows what the Supreme Court has ruled ine one sense but not in another. The nation’s highest court determined that states do have the right to protect babies from abortions. But it left the decisions to “elected representatives” not just to the states. That includes Congress passing laws like the partial-birth abortion ban that protect babies from abortions.

    “We hold that Roe and Casey must be overruled. The Constitution does not prohibit the citizens of each State from regulating or prohibiting abortion. Roe and Casey arrogated that authority. We now overrule those decisions and return that authority to the people and their elected representatives,” Justice Samuel Alito wrote for the majority.

    “The Constitution makes no reference to abortion, and no such right is implicitly protected by any constitutional provision, including the one on which the defenders of Roe and Casey now chiefly rely—the Due Process Clause of the Fourteenth Amendment,” Justice Samuel Alito wrote in the majority opinion. “That provision has been held to guarantee some rights that are not mentioned in the Constitution, but any such right must be ‘deeply rooted in this Nation’s history and tradition’ and ‘implicit in the concept of ordered liberty.’”

    “Roe was egregiously wrong from the start. Its reasoning was exceptionally weak, and the decision has had damaging consequences,” Alito wrote. “And far from bringing about a national settlement of the abortion issue, Roe and Casey have enflamed debate and deepened division.”

    Trump also came out in support of IVF, in-vitro fertilization and the artificial creation of human beings — a process which sometimes involves the destruction of human embryos, unique human beings after conception.

    “We want to make it easier for mothers and families to have babies, not harder. That includes supporting the availability of fertility treatments like IVF in every state in America.”

    Although the statement is disappointing for pro-life Americans who understand babies should not be killed in abortions, when it comes to the presidential election, Americans have a clear choice between the most pro-abortion president in history and the president who compiled the most pro-life record in history.

    With Joe Biden and Donald Trump, American will choose between a president who promotes abortions up to birth and one who slams late-term abortions.

    In recent comments, Cardinal Gerhard Müller, who previously lead the Vatican’s highest doctrine office, called abortion “infanticide” and saying those politicians who actively support abortion like Biden should be “excommunicated.”

    And he called on Americans to reject Joe Biden’s “murderous” abortion agenda.

    “The word ‘abortion’ is too much a soft word. The reality is killing, murder of a living person,” said Gerhard Cardinal Müller. “There’s no right to kill another person. It’s absolutely against the Fifth Commandment.”

    “They cannot, on the one hand, protest against the killing of innocent people in Ukraine, while on the other hand allow the killing of their own children,” he added.

    Biden has a long pro-abortion record and his FY 2025 budget proposal once again calls for eliminating the Hyde Amendment, which has protected unborn babies and their mothers for over 40 years by ensuring that federal tax dollars don’t fund elective abortion. It also calls for eliminating the Dornan Amendment (“D.C. Hyde”).

    Multiple post-Dobbs polls show that at least seven in 10 Americans support significant limits on abortion. A clear majority of Americans oppose taxpayer-funded abortion on demand domestically, and more than two thirds oppose using tax dollars to promote abortion overseas.

    SBA Pro-Life America is tracking the pro-abortion extremism of the Biden-Harris administration at sbaprolife.org/biden-harris.

    The post Pro-Life Group Calls Donald Trump’s Abortion Statement a “Step in the Right Direction” appeared first on LifeNews.com.

  42. Site: Rorate Caeli
    2 weeks 4 days ago
    Feast of the Annunciation Jubilee of Profession of Dom François Convert and Br. Louis-Marie Pavageau Sermon of the Right Reverend Dom Jean Pateau Father Abbot of Our Lady of FontgombaultFontgombault, April 8, 2024Qui seminant in lacrimis, in exsultatione metent. They that sow in tears shall reap in joy. (Ps 125:5) Dear Brothers and Sisters, My dearly New Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
  43. Site: Padre Peregrino
    2 weeks 4 days ago
    Author: Father David Nix
    The new document from the DDF, Dignitas Infinita, has many heresies, but we'll just tackle a few below: Error 1: "The glorious Christ will judge by the love of neighbor that consists in ministering to the hungry, the thirsty, the stranger, the naked, the sick, and the imprisoned, with whom he identifies (cf. Mt. 25:34-36). [...]
  44. Site: AsiaNews.it
    2 weeks 4 days ago
    At a press briefing in Colombo, the country's Human Rights Commission called for changes to the school curricula to give a central place to human rights, highlighting the plight of marginalised groups, like Tamil plantation workers. Guidelines were presented last December, including on proper arrest procedures. About '24 people taken into custody died in detention,' Commission member Nimal Punchihewa lamented.
  45. Site: ChurchPOP
    2 weeks 4 days ago
    Author: Jacqueline Burkepile

    There’s so much beauty and history in the Catholic Church!

    March 25 is the Feast of the Annunciation. (However, in 2024, the Church moved the feast to April 8 since the March date fell during Holy Week.) The Catholic Church celebrates Mary’s “yes” to the Archangel Gabriel after he asked her to be the Mother of Jesus.

    This feast also takes place nine months before Christmas Day.

    According to tradition, the Basilica of the Annunciation in Nazareth, Israel, was established at the very site of the angel Gabriel’s appearance to Mary. It is also believed to be Mary’s childhood home.

    The basilica contains two levels. Nazareth’s Catholic parish community uses the top level. The bottom level consists of a cave and grotto where it is believed Mary once lived and said “yes” to the angel Gabriel.

    It is also the largest Christian Church in the Middle East.

    While the large basilica was constructed in 1969, it is said an original shrine consisting of an altar and a cave was built in the mid-fourth century.

    Here’s a photo of the location in the Basilica where Gabriel appeared to Mary:

     annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, FlickrCC BY-SA 2.0 DEED

    This 18th-century altar is located on the bottom level of the Basilica of the Annunciation. Tradition holds that it contains the remains of Mary’s childhood home and is the location where the annunciation took place.

    The altar’s Latin inscription reads, “Verbum Caro Hic Factum Est,” which means, “here the word was made flesh (Jn. 1:14).”  The stairs behind the altar lead to “Mary’s kitchen” and a yard exit.

    The pillar to the right of the altar, most likely built around the fourth century, represents the location where the angel Gabriel appeared to Mary.

    Here are some additional photos of the cave and grotto, or the lower level of the basilica:

     annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, FlickrCC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, FlickrCC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, FlickrCC BY-SA 2.0 DEED

    Here are some photos of the basilica’s upper level:

     annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, FlickrCC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, FlickrCC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED

    This 170-ft cupola represents a lily! ☝️

    There are also many Marian mosaics throughout the inside and outside of the basilica:

     annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsadriatikus, Wikimedia CommonsCC BY-SA 3.0 annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED

    Here are some more beautiful exterior photos of this incredible church:

     annunciation of the lord, annunciation church, annunciation catholic church, israel newsWikimedia Commons, Public Domain annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEEDDennis Jarvis, Flickr, CC BY-SA 2.0 DEED annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED

    Here’s another statue of the young Mary:

     annunciation of the lord, annunciation church, annunciation catholic church, israel newsDennis Jarvis, Flickr, CC BY-SA 2.0 DEED

    What do you think of the basilica?

  46. Site: RT - News
    2 weeks 4 days ago
    Author: RT

    Beijing has vowed to safeguard its interests and ties with Moscow following a warning from US Treasury Secretary Janet Yellen

    Beijing has dismissed a warning from Washington to Chinese companies that allegedly support the Russian military amid its conflict with Ukraine. China will resolutely protect its interests from “foreign interference,” the Foreign Ministry has said in response.

    Over the weekend, US Treasury Secretary Janet Yellen threatened Chinese firms with “significant consequences” if they “provide material support for Russia’s war against Ukraine.”

    Yellen’s warning came as anonymous US officials told Bloomberg that Chinese companies were supplying microelectronics and machine tools to Russia to produce tanks, as well as optics and propellants for use in missiles.

    Chinese Foreign Ministry spokeswoman Mao Ning responded to Yellen’s statement during a press conference on Monday.

    “China-Russia relations should not be attacked or smeared, and the legitimate rights and interests of China and Chinese companies should not be harmed,” Mao said. “China will take resolute measures to safeguard our legitimate rights and interests.”

    The comments come as Russian Foreign Minister Sergey Lavrov arrived in Beijing on Monday for a two-day visit.

    ”The normal cooperation between China and Russia should not be subject to foreign interference or restriction,” Mao added in response to a follow-up question regarding Washington’s warning to Beijing over its ties with Moscow.

    Read more US Treasury Secretary Janet Yellen meets with Chinese Premier Li Qiang at the Great Hall of the People in Beijing on April 7, 2024. China tells US to commit to market economy

    American officials have repeatedly warned Chinese companies against doing business with the Russian military since Moscow began its operation in Ukraine in 2022. Moscow and Beijing have repeatedly denied American claims that the Russian military has bought ammunition and ‘dual-use’ technology (with both military and civilian applications) from China.

    According to Mao, Beijing is “committed to playing a constructive role in promoting ceasefire and political settlement of the crisis” between Moscow and Kiev.

    Russian President Vladimir Putin and Chinese President Xi Jinping have deepened their military and diplomatic cooperation over the past two years, with both leaders declaring a “no limits” partnership in February 2022. That partnership has seen Russia become China’s largest supplier of oil, while the Russian space agency Roscosmos announced last month that it could work with China to build an automated nuclear reactor on the Moon by 2035.

  47. Site: La Salette Journey
    2 weeks 4 days ago

     


  48. Site: PaulCraigRoberts.org
    2 weeks 4 days ago
    Author: pcr3

    America Has a Third World Economy

    Paul Craig Roberts

    Friday’s jobs report, the financial press tells us, “blew past projections,” with a monthly jobs gain of 303,000 compared to the 231,000 average over the past year. The Biden economy is gathering steam. https://www.barrons.com/livecoverage/march-jobs-report-today

    In actual fact the jobs report shows that the United States is continuing its collapse into third worldism.

    A first world economy is characterized by high productivity, high value-added manufacturing and industrial jobs. A third world economy is characterized by low productivity service and government jobs. As I have reported for 30 years, the US has transitioned from the first to the third world.

    The jobs report shows that. In March America lost jobs in primary metal manufacturing, fabricated metal product manufacturing, machinery manufacturing, computer and electronic product manufacturing, computer and peripheral equipment manufacturing, communications equipment manufacturing, semiconductor and other electronic component manufacturing, electrical equipment, appliance, and component manufacturing, furniture and related product manufacturing, food manufacturing, textile product manufacturing, apparel manufacturing, plastics and rubber products manufacturing, leather and allied product manufacturing.

    190,000 of the jobs are in services, and 71,000 are in government. In other words, 86% of the jobs gain reflect the third world pattern. The service jobs are in wholesale and retail trade, health care and social assistance, and waitresses and bartenders.

    The high tech jobs we were promised in exchange for offshoring US manufacturing industry are hardly visible and certainly did not provide opportunities for displaced manufacturing workers. Moreover, most tech jobs–AI, robotics, software programs–are aimed at displacing humans from the work force.

    The offshoring of US manufacturing destroyed the middle class, state and local government budgets, the ladders of upward mobility, and concentrated the wealth of the country in one percent of the population.

    That one percent itself is a massively wide wealth range from $11 million to 200,000 million, which are certainly not comparable wealth positions. The difference is the same as between $11 and $200,000. American wealth is concentrated in the hands of multi-billionaires who comprise one-tenth of one percent or less of the population.

    The tell-tale sign of a third world economy is the concentration of wealth in the hands of a tiny minority. In the United States this is called “democracy.” And an increase in third world jobs is misrepresented as economic progress.

    They will never stop lying to us.

  49. Site: PaulCraigRoberts.org
    2 weeks 4 days ago
    Author: pcr3

    24/7 Media and No Valid Information

    Paul Craig Roberts

    The English language Russian media, such as RT, is better at news reporting than the Western media, but Russian media also supports official narratives, such as the claim that 
Evgeny Prigozhin, leader of the Wagner Group staged a mutiny against Putin. If the Wagner Group had attempted a coup, it probably would have succeeded. https://www.rt.com/russia/595507-ex-wagner-fighters-join-chechen-unit/

    What actually happened is that a small contingent from the group held a march on Moscow to protest the senseless casualties of fighting a war with both hands tied. Prigozhin wanted to get the war with Ukraine over with, not drag it on endlessly and needlessly.

    A protest is not a mutiny. The Russian military, jealous of the Wagner Group wanted Prigozhin’s warriors brought under their control. They used the protest to alarm Putin about a mutiny. Putin, who is unable to admit that his “limited military operation” is a blunder, came down hard on Prigozhin. The military got what they wanted. Prigozhin died in a mysterious plane crash, and the Wagner Group was dispersed among Russian military units, thus breaking up the best fighting force Russia had.

    I have also noticed that RT and Sputnik support US official narratives, such as the “Jan 6 Insurrection.” The explanation for this could be self-censorship by the English language Russian media so that they are not banned from the US.

    If you think about it, the question arises: Do people anywhere in the Western world have a factual understanding of any important event? The assassination of President John F. Kennedy? The Gulf of Tonkin? The 1964 Civil Rights Act? The Soviet collapse? 9/11? Saddam Hussein’s “weapons of mass destruction”? The overthrow and murder of Libyan leader Muammar Gaddafi? The Maidan Revolution? The Ukrainian-Russian conflict? The Israeli genocide of Palestine? The 2020 US presidential election? The charges against Trump?

    For truth to prevail, honest journalism is required, but as Martin Gurri explained in The City Journal, what the West has is “post-journalism” which consists of advocacy of agendas and protection of the narratives that support those agendas. Facts are no longer part of the picture. The Woke turn to the NY Times, CNN, and NPR to slate their emotions with their hate fix for the day.

    Consequently, no one knows what is really happening, not even those who know that something is wrong.

  50. Site: PaulCraigRoberts.org
    2 weeks 4 days ago
    Author: pcr3

    Third World America

    For decades I have emphasized in books and articles that Wall Street, corporations and their political puppets have the US on the road to the third world. It looks like we have arrived:
    https://www.rt.com/news/595530-poll-americans-struggle-rising-housing-costs/

    The typical American household income is $30,000 less than the income required to afford a median-priced home. 22% of Americans skip meals in order to pay the mortgage and medical bills. 45% of Americans 18-29 years of age are living at home with parents. And on top of this 3.6 million immigrant-invaders are arriving annually who require various forms of public assistance.

    The transformation of America from an opportunity society to a shithole country is almost complete.

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