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Sun, 05 Apr 2020
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Chess

Saudi Arabia wants to put pressure on Russia...but could it hurt itself instead?

kingdom tower
© Reuters / Faisal Al Nasser
While the world faces an unprecedented crisis over the coronavirus pandemic, Riyadh is trying to push other countries to play by its rules in the oil market, but those actions could have backfired.

Since the OPEC+ deal collapsed, Saudi Arabia has brought out the big guns to grab the market share, but the move eventually drove crude prices to new lows. After Moscow and Riyadh failed to reach a new production-cut deal in early March, the kingdom decided to boost production and granted discounts to its oil buyers.

"I think they're trying to put pressure, especially on Russia, so they could come to agree with what they were trying to push over during the last OPEC meeting," Roberto d'Ambrosio, the CEO of Axiory Global, said in an interview to RT.

Bad Guys

CDC tells hospitals to list COVID-19 as cause of death even if you're just assuming or It only contributed

CDC Center for Disease Control
© James Leynse/Corbis/Getty Images
The problem with making informed decisions about coronavirus is that we don't have a whole lot of data on it at the moment.

The data that we do have, meanwhile, could end up being terminally skewed, particularly the data that's been coming out of China.

The Centers for Disease Control and Prevention's guidance on determining COVID-19 as a cause of death isn't going to help those numbers.

Issued March 24, the guidance tells hospitals to list COVID-19 as a cause of death regardless of whether or not there's actual testing to confirm that's the case.

Comment: Here it is in black and white. The CDC is artificially inflating the mortality rate of COVID-19 by telling hospitals to not look at ambiguity or other factors involved in death. The result will of course is to see the mortality rate increase. This is undoubtedly the gas that fuels hysteria in the public to implement further controls.


Attention

Jon Rappoport - The creation of a false epidemic

A step‐op is one in which the bad guys keep going, one intrusion after another. It isn't just West Nile, it's West Nile, then SARS, then Bird Flu, then Swine Flu. It"s all one package, with the idea, in this case, that they'll slowly wear down the resistance and people will buy in, will buy the story, the lie. They want people to OBEY. That's the whole essence of this op. OBEY. It isn't only about fake epidemics and getting vaccines. It's about operant training in OBEYING. Get it? In general. Obey us. We command, you go along. ~ Ellis Medavoy in interview with Jon Rappoport, from The Matrix Revealed
Creation of Fake Epidemic
© The Solari Report
By Catherine Austin Fitts

Jon Rappoport has been covering the allegations and events regarding the coronavirus and Covid-19 since they first hit the headlines. Check out his columns at his website NoMoreFakeNews.com.

Jon just recorded three episodes that he wanted to make available to the public. Here they are!

Bad Guys

War profiteering in the time of Corona

war industry
On 11 March, executives from the war corporation CACI, which sells goods and services to CIA, NSA, and the U.S. Armed Forces, rang the closing bell at the New York Stock Exchange. That ceremony embodies the war industry's business as usual approach to the coronavirus. Industry executives are doing their best to keep the gears of war churning, however, as portions of the overall military-industrial-congressional triangle stumble, the working class must seize the moment to obtain peace in our day.

The war industry received 367 distinct deals (contracts or contract modifications) during March 2020, a figure I tallied based upon the Pentagon's public records. This is above average. A typical month of contracting sees between 240 and 350 contracts issued. Salient military contracts issued to the war industry during March included a state-of-the-art logistics system for DARPA, the burial of nuclear reactor components in Washington state, nearly $1 billion on a single day for Lockheed Martin's THADD, plenty of missiles, science & technology operations and support for the Defense Intelligence Agency, and $4.9 billion on a single day for the F-35 Joint Strike Fighter boondoggle.

Binoculars

On-going Yemeni crisis ignored by mainstream media due to coronavirus coverage

destruction in Yemen
The world pays constant attention to the coronavirus, occupying the news agencies with a high coverage of the pandemic. Meanwhile, on the global periphery, geopolitics continues at full throttle, with several conflicts occurring unnoticed by most people outside the affected regions. The case of Yemen is a clear example of what we are talking about here. Recently, the conflict in the country completed five years of uninterrupted fighting, reaching the regrettable marks of more than 10,000 killed in the confrontation, in addition to almost 100,000 killed by the social ills caused by the war, such as hunger, mainly among children. The poorest country in the Arabian Peninsula has become a strategic area in strong dispute and a real geopolitical thermometer for Middle East tensions, especially between the two regional powers most involved in the conflict, Iran and Saudi Arabia, which are increasing their rivalry day after day.

Comment: See also:


Black Magic

The Fed-induced monetary abyss stares back and asks who's next?

monetary abyss
We are at a critical moment in the history of politics and markets. Everyday the U.S. government stares into the fiscal and monetary abyss and chucks trillions in hoping that will be enough to finally fill it.

We stand by hoping that it will work to reflate markets collapsing from a catastrophic mispricing of assets. At least some of us do. I don't.

I hope it fails and it's because those inflated prices fuel the very global political order that is anathema to human advancement.

President Trump is finally happy with his FOMC chair, Jerome Powell, after he opened the door to unlimited quantitative easing, nearly unlimited liquidity injections via the repo markets, and taking interest rates to the zero-bound.

It's clear that the Keynesians at the Fed and the U.S. Treasury Dept. have no answers to the problems in front of them. They are simply doing what they always do when a crisis hits. Print money and hope someone still believes the new money is worth buying.

The sudden supply and demand side shock to the global economy thanks to the COVID-19 coronavirus is outside of their frame of reference.

Oil Well

Saudis use low oil prices to force US to cut shale production, but fallout to all countries may prompt talks

pump jacks oil rig production
© Reuters / Nick Oxford
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas.
A fall in oil prices intensified by Saudi Arabia's actions has dealt a deadly blow to US shale oil companies, but "counterproductive" measures that harm all oil producers may force Riyadh, Washington and Moscow to finally talk.

The so-called 'Shale Revolution' in the US in recent years has deprived the Saudis of a huge chunk of the American oil market, but Riyadh is now using the coronavirus crisis to win back its lost position.

After failing to find common ground with Russia on how to respond to the pandemic, Saudi Arabia began pumping oil at such an intense rate that the prices saw the sharpest drop, unseen since the Gulf War in 1991.

Comment:


Better Earth

Can coronavirus diplomacy bring EU closer to Eurasia?

BRICS
© Sputnik/Anton Denisov
The European Union (EU) and the Eurasian Economic Union (EEU), an association of post-Soviet states, effectively serve a similar function to each other as an economic bloc. Unlike the 27-member EU, the EEU has only 5-members as many post-Soviet states allege it is nothing but an attempt to revive the Soviet Union, which the countries of the West do not want to promote. The West's resistance has brought no economic benefit to it and this geopolitical duel was reflected in the limited success of sanctions against Russia. However, the credibility of the EU and the liberal orders continues to diminish as a result of the coronavirus pandemic. Therefore, the coronavirus pandemic actually creates a unique opportunity for the EU and EEU to integrate into a single system, or at least move closer together.

Russia's dominance of the EEU is both a positive and a negative for Eurasian integration. Russia's large market forms the basis of the integration potential of the EEU, however, limited economic growth, sanctions and its participation in global geopolitics create risks for the Eurasian integration process. However, Eurasian integration would be in the interest of EU as it will connect European states to new markets in Central and East Asia far more efficiently and quickly then by other means. The EU claims that it works towards common markets and efficiency but does not seriously consider connecting Lisbon on the Atlantic Ocean to Vladivostok on the Pacific Ocean.

The EU is losing its position as a top trading partner of the EEU, and it's not just because of China's growing importance. As a trading partner of the EEU, China has already surpassed most of Europe. The role of the EU as a trading partner of the whole EEU is due to the important role of the EU for Russia. However, Russia has been slowly turning eastward from the EU for years now as the future leading economies of the world will shift from the West to Asia.

Quenelle

Trump cans Michael Atkinson, intelligence IG who started the Democrat impeachment circus by telling Congress about Ukraine phone call

Michael Atkinson
© Associated Press
Michael Atkinson, the inspector general of the intelligence community, leaves the Capitol after closed doors interview about the whistleblower complaint that exposed a July phone call the president had with Ukrainian President Volodymyr Zelenskiy, at the Capitol in Washington, Friday, Oct. 4, 2019.
President Trump has fired Michael Atkinson, the inspector general for the U.S. intelligence community who alerted Congress to concerns about a Trump phone call with the president of Ukraine - a matter that led to the president's impeachment last year.

Trump formally notified the intelligence committees of both the Senate and House in a letter dated Friday. House Intelligence Committee Chairman Adam Schiff, D-Calif., posted the letter online.

"This is to advise that I am exercising my power as President to remove from office the Inspector General of the Intelligence Community, effective 30 days from today," the president wrote.

Comment:


Snakes in Suits

Britain's Labour turns page on socialism with Starmer as new leader

Keir Starmer
© Neil Hall / Reuters
Keir Starmer
Keir Starmer was elected as the leader of Britain's main opposition Labour Party on Saturday, pledging to bring an end to years of bitter infighting and to work with the government to contain the raging coronavirus pandemic.

Starmer, a former director of public prosecutions who was known for a forensic attention to detail when opposing the country's exit from the European Union, won with 56% of the vote.

The comprehensive defeat of an ally of the outgoing leader Jeremy Corbyn, and the election of Angela Rayner as Starmer's deputy, heralds the end of the party leadership's embrace of a radical socialism that was crushed in the December election.

Starmer, who takes over immediately, said he would work constructively with government when it was the right thing to do, while testing Conservative Prime Minister Boris Johnson's arguments and challenging the failures.