Puppet MastersS


Calculator

China property market curbs may be "volcker moment" says Nomura


Bloomberg
Sun, 26 Sep 2021 03:20 UTC
construction worker l
© Qilai Shen/BloombergA construction worker labors on the scaffolding of a building at an under construction residential housing development in Shanghai, China, on Thursday, July 29, 2021.
Beijing's unprecedented determination to curb the property sector could be China's "Volcker Moment" as it will cause a "significant" slowdown in economic growth, according to Nomura Holdings Inc.

Unlike in previous economic down cycles, Chinese authorities look set to tighten property sector policy and tame prices this time, in order to reduce wealth inequality and boost the falling birthrate, economists led by Lu Ting wrote in a report Tuesday. Policy makers will be willing to sacrifice near-term economic growth to tame house prices and divert financial resources out of the property sector, which accounts for a quarter of China's gross domestic product, they wrote.

Comment: This news comes as China's largest property developer Evergrande begins to default on payments of its debt: 'Eerie silence' as China's debt-laden property giant Evergrande misses payment deadline

See also:

Read More...
Syringe

SOTT Focus: RNA Vaccines, Obedience and Eugenics

Pierre Lescaudron
Sott.net
Mon, 27 Sep 2021 17:00 UTC
Aryan race determination tests under Nazi Germany
© GettyAryan race determination tests in Nazi Germany

Comment: This article is the third part in a series:

Part I: Compelling Evidence That SARS-CoV-2 Was Man-Made
Part II: "The Inanity of RNA Vaccines For COVID-19".

The present article also constitutes a chapter in the upcoming book, Mass extinctions, Evolutionary Leaps and Viral Information.


Eugenics

Race selection is not a new concept. 2,500 years ago, Plato was already advocating for selective breeding1. One of the legacies of Darwin's erroneous theory was the re-emergence of eugenics in the late 19th Century.2 By the beginning of the 20th century, eugenics policies were widely applied in the USA, Japan, several European countries, and, of course, Nazi Germany, whose eugenics programs were inspired by eugenics policies pursued in the USA.3

Generally these policies consisted in sterilizing "unfit" individuals, including representatives of "inferior races" and stimulating the reproduction of "fit" individuals, including representatives of "superior races".

The revelations about the atrocities committed by the Nazis during WW2 didn't stop eugenics programs. Documented forced sterilization was still practiced during the 21st century in places like California4, Spain5 and Peru.6
Read More...
Dollars

IRS would track all bank transactions over $600 under Biden plan - businesses revolt

Casey Harper
Washington Examiner
Mon, 27 Sep 2021 10:00 UTC
Biden and money
© Shutterstock/Ashlee Rezin/Sun Times/AP/KJNUS President Joe Biden and Benjamins
A major component of President Joe Biden's plan to raise revenue to pay for his trillions of dollars in new federal spending is now under fire from trade associations across the country.

The Biden administration has made clear its plan to beef up IRS auditing by expanding the agency's funding and power. Biden's latest proposal would require banks to turn over to the Internal Revenue Service bank account information for all accounts holding more than $600.

In a sharp pushback against the proposal, more than 40 trade associations, some of which represent entire industries or economic sectors, signed a letter to U.S. House Speaker Nancy Pelosi, D-Calif., and Minority Leader Kevin McCarthy, R-Calif., raising the alarm about the plan.


Comment: On the surface this is how to turn 'none of your business' into unlimited tappable resources and a paperwork nightmare. The unmentioned reality check is this: Forget the principal! "Tax income doesn't come close to just paying interest on growing U.S. debt obligations." Which means the government is trying to cover up the next and inevitable monetary phase: hyperinflation.

See also:
Inflation is the new normal: We are now seeing a critical shift in global markets

Read More...
Syringe

Biden says unvaccinated Americans are 'costing all of us' as he presses Covid vaccine mandates

Robert Towey
CNBC
Fri, 24 Sep 2021 11:12 UTC
Biden
© Saul Loeb/AFP/Getty ImageUS President Joe Biden
President Joe Biden on Friday blamed unvaccinated Americans for slowing down the U.S. economic recovery, accusing some elected officials of actively trying to undermine the administration's efforts to combat the Covid-19 pandemic.

Biden's comments came hours after the Centers for Disease Control and Prevention approved distributing Pfizer and BioNTech's booster shots to roughly 60 million Americans. He addressed the nation, noting that three-fourths of those eligible have gotten at least one shot. He criticized the more than 70 million people who haven't yet started the vaccination process:
"The vast majority of Americans are doing the right thing. And to make matters worse, there are elected officials actively working to undermine with false information the fight against Covid-19. This is totally unacceptable."
Economists have lower expectations for the back half of the year following a string of disappointing economic reports. The U.S. economy added just 235,000 jobs in August, well short of expectations for a 720,000 gain from economists polled by Dow Jones. This week, the Federal Reserve forecast 2021 GDP to rise at a 5.9% annual pace, down from its previous forecast of 7% growth.


Comment: See also:

Read More...
Calendar

Yellen warns Congress has just three weeks before US expected to default

Aris Folley
The Hill
Tue, 28 Sep 2021 09:21 UTC
Yellen
© Andrew Harrer/BloombergTreasury Secretary Janet Yellen
Treasury Secretary Janet Yellen warned congressional leaders of both parties on Tuesday that lawmakers have until Oct. 18 to raise or suspend the debt limit before the United States is expected to default on the national debt.
"At that point, we expect the Treasury would be left with very limited resources that would be depleted quickly. It is uncertain whether we could continue to meet all the nation's commitments after that date."
While Yellen called the date the agency's "best estimate" as of now, she noted:
"the federal government's cash flows are subject to unavoidable variability. For example, the government's daily gross cash flow (excluding financing) over the past year averages nearly $50 billion per day and has exceeded $300 billion. As a result, it is important to remember that estimates regarding how long our remaining extraordinary measures and cash may last can unpredictably shift forward or backward."
That uncertainty, the former Federal Reserve chairwoman said, underscores the "critical importance of not waiting to raise or suspend the debt limit."

Comment: It would be one thing if this administration was 1) on the level, and 2) actually accomplishing something useful. Nada on both counts. Instead it has made a mockery of prudent spending via bad policy and hubris. Sorting out the debt ceiling situation should have been priority one since it affects literally all Americans, all spending, all safety nets. But that isn't the goal, now is it?

Read More...
X

Milley contradicts Biden during testimony, calls Afghan withdrawal 'strategic failure' as military leaders are grilled by Senate panel

Sophie Mann
Just the News
Tue, 28 Sep 2021 01:25 UTC
Austin, Milley, McKenzie
© Fox NewsThree to testify
U.S. Gen. Mark Milley, Chairman of the Joint Chiefs of Staff, testified before Congress on Tuesday about, among other things, the chaotic withdrawal effort from Afghanistan last month.

When asked repeatedly by various members of the panel what went wrong during the withdrawal and if he agreed with President Joe Biden's statement that elements of the Afghan evacuation had been an "extraordinary success," General Milley said that he agreed with the phrasing of one panel member who had the effort "a logistical success, but strategic failure."

Each military leader declined to discuss publicly what he had said directly to President Biden during closed-door meetings, however, each leader also affirmed that their assessment had been that the United States should maintain a 2,500 troop presence on the ground in Afghanistan. During a mid-August interview, President Biden disputed the claim that his military advisers had recommended keeping troops on the ground in Afghanistan after the withdrawal date.

Read More...
Dollar Gold

Inflation is the new normal: We are now seeing a critical shift in global markets


King World News
Mon, 27 Sep 2021 00:00 UTC
world map gold
© Unknown
Inflation is the new normal as we are now seeing a critical shift in global markets and this will have huge implications in the future.

The Golden Reality Behind Uncle Sam's Inflated Bar Tab

Matthew Piepenburg at Matterhorn Asset Management (based in Switzerland): Below we look at even more inflationary forces as confirmed by cost-of-living-adjustments, Uncle Sam's interest expenses, objectively unloved Treasuries and a roaring COVID narrative.

Math vs. Double-Speak

Given the fact that just about everything coming out of the mouths of debt-cornered policy makers requires a lie-detector and "double-speak" translator, we've been arguing since the moment the Fed began peddling the "transitory inflation" meme/myth to think differently.

In short: It's our view that inflation is a snowball growing not melting...
Read More...
Arrow Up

ICC prosecutor seeks to resume Afghanistan war crimes probe with focus on Taliban and IS, but not US forces


Dawn
Mon, 27 Sep 2021 00:00 UTC
Khan
© ReutersICC Chief Prosecutor Karim Khan
The International Criminal Court's new chief prosecutor said Monday he wants to focus his investigation in Afghanistan on the Taliban and Islamic State-Khorasan (IS-K), and to "deprioritise" alleged war crimes by US forces.

A statement said the request was being made to the court's judges in light of developments since the Taliban movement seized control of Afghanistan in a lightning advance last month.

The ICC had already spent 15 years looking into alleged war crimes in Afghanistan before opening a full investigation last year. That probe was put on hold by the Afghan government, which said it was investigating the crimes itself.

The Hague-based ICC is a court of last resort, intervening only when a member country is unable or unwilling to prosecute war crimes, crimes against humanity or genocide.

The fall of the internationally recognised Afghan government and its replacement by the Taliban represent a "significant change of circumstances", new prosecutor Karim Khan said in a statement.

Comment: The US claims the ICC has no authority nor jurisdiction to prosecute crimes committed by US citizens although that is what it was designed to do according to the Rome Statute - no matter if a country is a member of the court or not. The US and Israel are not members.

Read More...
Attention

Hungary summons Ukrainian ambassador, blasts Kiev for 'interfering' in its internal affairs as row over Russian gas deal heats up


RT
Tue, 28 Sep 2021 10:25 UTC
Szijjarto/Pipe workers
© Reuters/Anton Vaganov/John ThysHungary's Minister for External Economy and Foreign Affairs Peter Szijjarto
Construction site of the Nord Stream 2 gas pipeline, near the town of Kingisepp, Russia
The Hungarian Foreign Ministry has summoned Ukraine's ambassador over Kiev's reaction to Budapest's new deal with Russia's Gazprom energy giant, Hungary's top diplomat revealed in a statement published on Facebook on Tuesday. Peter Szijjarto wrote:
"The Ukrainian government's actions aimed against the deal, through the European Commission, are extremely outrageous. Ukraine has nothing to do with those we make deals with. Budapest views such steps by Kiev as a violation of [Hungary's] sovereignty and national security interests."
Budapest has accused Ukraine of meddling in its sovereign political decisions after Kiev decried the arrangement as a decision made only to serve the interests of Moscow.

It will see around half of the country's annual gas supply transported via the Balkans and Austria. Effective from Friday, the new arrangement will cost Kiev millions in transit fees.
Read More...
Wolf

An FBI informant was marching into the Capitol on Jan. 6 'riot' - testimony contradicts media spin

Alan Feuer and Adam Goldman
New York Times
Sat, 25 Sep 2021 21:00 UTC
capitol hill protest riot
© Jason Andrew for The New York TimesRecords show that an F.B.I. informant marched from the Washington Monument to the Capitol and told his handler that Trump supporters were entering the building.
A member of the far-right Proud Boys texted his F.B.I. handler during the assault, but maintained the group had no plan in advance to enter the Capitol and disrupt the election certification.

As scores of Proud Boys made their way, chanting and shouting, toward the Capitol on Jan. 6, one member of the far-right group was busy texting a real-time account of the march.

The recipient was his F.B.I. handler.

In the middle of an unfolding melee that shook a pillar of American democracy — the peaceful transfer of power — the bureau had an informant in the crowd, providing an inside glimpse of the action, according to confidential records obtained by The New York Times. In the informant's version of events, the Proud Boys, famous for their street fights, were largely following a pro-Trump mob consumed by a herd mentality rather than carrying out any type of preplanned attack.

Comment: Well, Feuer and Goldman certainly know how to pile on the purple prose. And even though it was buried paragraphs down, they deigned to give an accurate account of the informant's statements. They just seemed to be hoping no one would read that far.

Far from being FBI fumbling, it would appear they were orchestrating a good part of the day's events:

Read More...