Welcome to Sott.net
Tue, 02 Nov 2021
The World for People who Think

Puppet Masters
Map

Apple Red

Ignoring sanctions: EU companies cooperate with Crimea agriculture sector

Crimea
© Sputnik/ Taras Litvinenko
Following its reunification with Russia, Crimea and Sevastopol were hit by Western economic restrictions. These sanctions hindered economic relations with Crimea, banning the export of agricultural goods, technologies and services.

"If we speak about plants, then there is the delivery of plants from Italy and France that continue the supplies despite any sanctions," Polishchuk said at a press conference.

He added that the Crimean agriculture sector had purchased agricultural equipment and supplies from European companies.

Comment: Looks like European companies have had enough of this silly sanctions game the US is forcing on Europe to no avail. European Parliament is also questioning the US position on Crimea.


Info

EU lawmakers' desire to visit Crimea proves Europe 'wants to know the truth'

Crimea
© Sputnik/ Taras Litvinenko
A Polish member of the European Parliament wants to visit Crimea, taking a cue from a delegation of French MPs who last month visited the Black Sea peninsula.

Janusz Korwin-Mikke said he wanted to discuss his plan to visit Crimea with other members of his right-wing party Coalition for the Renewal of the Republic - Freedom and Hope, which he established earlier this year after a conflict with his former party, Congress of the New Right (Nowa Prawica).

Comment: With more European Parliament members visiting Crimea and learning for themselves what went on there can help reduce believing in US rhetoric on Russia and Ukraine.


Stop

The US-led invasion of Iraq: "A war crime, pure and simple"

Image


A dozen years after the US-led invasion of Iraq, that country, now effectively another Middle East failed state, remains a bloody, chaotic symbol of the failed US imperial project.


Margaret Griffis, a journalist who has been covering casualty numbers in Iraq since 2006 for Antiwar.com, has published these recent headlines that give one an idea of how life is in today's Iraq:

"Mass Executions Terrorize Mosul; 141 Killed in Iraq"

"132 Killed across Iraq as Airstrikes Continue"

"At Least 4,693 Killed across Iraq in July"

"154 Killed in Iraq, including Dozens of Displaced Children"

"Mass Grave Unearthed in Mosul; 194 Killed across Iraq"

Newspaper

Israeli president Reuven Rivlin criticizes Netanyahu's Iran deal rhetoric


Israeli Prime Minister Benjamin Netanyahu has spent the past month slamming the U.S.'s proposed nuclear deal with Iran. But even Israel's President Reuven Rivlin is calling on Bibi to tone down his rhetoric, for fears he's damaging U.S.-Israeli relations.

Play

South Front Foreign Policy Diary: Unrest in Moldova - another Western imperial 'success'?

south front
Moldova, a small country with strong ties to Russia, is an important component of the ongoing developments in Eastern Europe. Since the collapse of the USSR, the US and the European Union have been increasing their influence in Moldova by supporting political parties and social movements, encouraging Chisinau's participation in their trade blocs, or boosting security cooperation with it in their military alliances. Additionally, in 1992 Transnistria practically broke away from Moldova and has since administered itself as an independent territory. An important feature of the stability of the territory is a Russian peacekeeping mission located there. In this case Moldavian elites shifted between Russia and the West till 2009 to get the best terms for themselves.


Comment: There is no such thing as national sovereignty. The politics of those countries unfortunate enough not to be empires is pretty much entirely a matter of selling themselves to the highest bidder (i.e., the U.S./EU), or struggling against the grain and meeting defeat. Whether Ukraine or Moldova, the U.S. tends to get its way, or kill thousands trying.


Book 2

Hillarious: Hillary Clinton emails reveals she was reading a book on how to delete emails

Hillary Clinton
As I've said many times before, the best part about Hillary Clinton running for President, is that she's so unbelievably corrupt and shady, not a week goes by without a new scandal or embarrassment. It makes the insulting charade of U.S. elections at least somewhat comical.

In the latest gaffe, we learn (through her own emails), that she asked to borrow a book titled, Send: Why People Email So Badly and How to Do It Better." Chapter Six of this book is titled, "The Email That Can Land You In Jail," which includes a section titled: "How to Delete Something So It Stays Deleted."

You can't make this stuff up.

Comment: Looks like the advice in the book didn't work out so well or she didn't get the book in time.


Eye 1

Bailout terms for Athens are 'most extreme austerity measures we've ever witnessed'

Greek flag
© Petros Karadjias / AP
A demonstrator waves a Greek flag during an anti-austerity rally in central Athens on Friday.
Requirements attached to Greece's latest bailout package are "extreme" free market fundamentalism designed to punish ordinary Greek people, a leading social justice campaign has said.

After all-night negotiations in Athens, the European Commission (EC) came to an agreement with Greek representatives on Tuesday to provide Greece with an €85 billion (£95 billion) rescue loan.

UK campaign group Global Justice Now slammed the deal as an excuse for imposing radical economic restructuring on Greece, including privatization and deregulation measures.

The group's director, Nick Dearden, said it was one of the most radical examples of neoliberal reforms being forced on a country that the organization had ever seen.

Quenelle

The devaluation of the Chinese yuan is good for the Russian economy

Yuan Rublo Ruble
© Ria Novosti
"The devaluation of the Chinese yuan is good for the Russian economy and in the long term will lead to the strengthening of the ruble" - said financial analyst, asset Manager of the company "Spektr invest" Andrey Esin in an interview to RT on Wednesday.

The expert noted that many Chinese companies are working with Russian raw materials, so the intensification of production in the PRC, in his estimation, will inevitably cause an increase in the volume of supplies.

"The weakening of the yuan increases the export revenue of China, and the whole economy of that country is based on this. If the export revenue increases, China will begin to expand production. (...) If the PRC will increase production that will involve more of our raw materials, our commodity companies will start to sell more, and this contributes to the strengthening of the ruble," — said Esin.

Comment: Also see:
Forget the hysteria. The heart of the matter is that Beijing has stepped on the gas in a quite complex long game; to liberalize the yuan exchange rate; allow it to free float against the US dollar; and establish the yuan as a global reserve currency.

What the latest currency 'war' is all about



Piggy Bank

What the latest currency 'war' is all about

yuan
© REUTERS/ Jason Lee
It took the Bank of China to devaluate the yuan on two consecutive days — moving within the 2 percent band that it's allowed to — for the proverbial global financial banshees to go completely bonkers.

Forget the hysteria. The heart of the matter is that Beijing has stepped on the gas in a quite complex long game; to liberalize the yuan exchange rate; allow it to free float against the US dollar; and establish the yuan as a global reserve currency.

So this is essentially exchange rate policy liberalization — not a currency "war", as the frenetic spin goes from Washington/Wall Street to Tokyo via London and Brussels.

Comment: The Bank of China (PBoC) has issued this press release in an apparent effort to calm foreign exchange markets, where there has been carnage since the yuan devaluation, with every strategist from New York to Beijing scrambling to figure out the read-through for the US Fed in September.

What's fairly obvious to everyone now (and what's been very clear to Sott.net all year), is that China had no choice but to devalue. A string of policy rate cuts hadn't succeeded in boosting the export-driven economy, and keeping the yuan pegged to the strong dollar had led to real exchange rate (REER) appreciation on the order of 15% in the space of a year.

Between the pace of the three-day plunge and rampant accusations that Beijing is conducting a 'global currency wars' solely to export China's deflation and prop up the economy, the PBoC had apparently seen enough, hence the after-the-fact press statement.


Books

Visas for Al Qaeda: The U.S. empire program to recruit, train, and provide visas to 'terrorists'

If you don't want to know
Visas for Al Qaeda
© Michael Springmann
how sausages are made, don't start reading Visas for Al Qaeda: CIA Handouts That Rocked the World by Michael Springmann. The sausages in this case: the string of too-easily-swallowed accounts of bloody events in the "global war on terror," served up daily with relish by the mainstream media. In reality these sausages are filled with tainted meat that's making everyone sick.

Springmann is a brave whistle blower living in Washington, D.C. He's written an accessible book, safe to digest, highlighting details of the corruption of the American Empire (and its accomplices, including Canada) as he experienced them from the inside during his years with the U.S. State Department.