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Blue Planet

Korybko: Why an EU-Africa free trade agreement is a terrible idea

eu africa
Sputnik reported earlier today that German Development Minister Gerd Mueller delivered a presumably well-intended but ill-conceived proposal for a one-way EU-Africa free trade agreement in an interview with Die Welt, saying that:
"The European market is effectively blocked. At the same time, European exports to Africa are growing. Therefore, my main message to Brussels is - Open the markets to all African goods ... This is the only way the continent can turn into the region of growth ... I am sure that the African youth ... would not flee [the continent] and would remain in their home countries if there were jobs and prospects for the future."
The very basis of this proposal rests in the naïve assumption that Africans are fleeing the continent purely for humanitarian reasons stemming from local conflicts and economic underdevelopment, ignoring the fact that many simply want a piece of the EU's "socialist welfare utopia".

Germany is right to raise awareness about the need to do something though, because a prominent UN official warned earlier this year that the failure to deal with these interconnected push factors could lead to half a billion migrants invading the EU under the worst-case scenario.

The author analyzed this at the time in a piece about how "Migrant Crisis 2.0 Might Come From Africa", which was followed by a related article where a former French Prime Minister basically told a South African crowd that "France Wants The Future To Be Eurasia vs. Eurafrica".

Stock Down

Ruble hits two-year low after threat of new US sanctions

steep work anvil
© Mike Kemp / Getty Images
The Russian currency is slipping on Thursday after Washington proposed the latest round of anti-Russian sanctions. The ruble has hit the lowest level against the US dollar in nearly two years.

The US government is considering a broadened ban on dollar transactions by Russian lenders and operations with Russia's newly-issued sovereign bonds.

The latest punitive measures are being considered in response to Russia's alleged involvement in the nerve agent attack on former double agent Sergei Skripal and his daughter Yulia in the UK. The Russian government has repeatedly denied involvement and has called for an open investigation.

The news sent the Russian currency falling to 66.48 against the dollar, its weakest since November 2016.

Comment: The best characterization of the anti-Russian sanctions so far comes from senior Russian senator Konstantin Kosachev:
"If these sanctions are implemented in their full announced volume this would mean that the United States is yet another time using the behavior of a police state that extracts evidence from suspects through torture and threats and eventually executes punishment for non-existent crimes, in the worst tradition of the infamous Lynch Law," the head of the Upper House Committee for International Relations, Senator Konstantin Kosachev, told Kommersant newspaper on Thursday.

Kosachev added that the news was especially disturbing because it was not about some initiative voiced by a few congressmen who cannot get over the hysteria generated since the presidential election two years ago, but a premeditated action of the US administration and the US State Department, the agencies that cannot come up with such initiatives without informing President Donald Trump.



Cow Skull

Jacob Rothschild speaks: 'Post-war economic and security order is at risk' (You don't say)

Jacob Rothschild
© Ronen Zvulun / ReutersJacob Rothschild
Jacob Rothschild has voiced concern about the global financial system that was established after WWII. The billionaire banker points to the US-China trade war and eurozone crisis as the key problems putting economic order at risk.

"In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order," Rothschild warned in his investment trust's half-year results commentary.

In economics, the post-war order usually refers to a monetary management system which led to a rise of the US dollar as a dominant currency.

"In the circumstances our policy is to maintain our limited exposure to quoted equities and to enter into new commitments with great caution," Rothschild added.

Comment: Sure, blame Trump for the "lack of a co-ordinated, international response" to what are essentially systemic problems quite probably created by one of the richest, most manipulative and corrupt individuals on the planet - Jacob Rothschild himself.


Sheriff

'I'll have you killed!' Duterte chastises 100+ corrupt cops in Philippines

Duterte
© Dondi Tawatao / Reuters
President Rodrigo Duterte has demonstratively threatened to keep a close watch on and to neutralize suspected corrupt cops if they ever make a single mistake that taints the public image of the Philippines' police force.

More than one hundred policemen, who are currently being probed for various offenses across the country, were delivered to Malacañang Palace for a public scolding by the Philippines' president, who made it clear from the start that they are totally "useless" to the country and represent a "plague" of society.

"I'll be frank to the entire Philippines. If you continue your way, son of a b*tch, I will really kill you. You can be sure of that. I have nothing else to do with you fools," Duterte told the policemen, who are accused of robbery, extortion, kidnapping, rape and other corrupt actions.

Comment: It's not everyday you hear about a bunch of corrupt cops being brought before their country's leader to be chastised and threatened. One wonders if it's effective. As controversial as he is, you've got to hand it to Duterte - the guy's got gusto!

See also:


Footprints

Nunes strikes out against FBI for omitting 'exculpatory evidence' in Carter Page surveillance warrant

Devin Nunes
© AP Photo/Pablo Martinez MonsivaisHouse Intelligence Committee Chair Devin Nunes
House Intelligence Committee Chairman Devin Nunes claimed Monday that the FBI and Justice Department failed to include exculpatory evidence in surveillance warrant applications against former Trump campaign adviser Carter Page.

"There is exculpatory evidence that we have seen, of classified documents that need to be declassified," Nunes said in an interview with Fox News' Sean Hannity.

"Exculpatory in nature in what way? Exculpatory in what way?" Hannity asked.

Stock Up

China vows to maintain trade with Iran, ignores 'with us or against us' threats from US

Wang Yi  Mohammad Javad Zarif
© Thomas Peter / ReutersChinese FM Wang Yi meets Iranian FM Mohammad Javad Zarif
Washington's unilateral anti-Iran campaign has nothing to do with international law and fair trade, and thus the threat of potential sanctions won't affect Beijing's sovereign right to freely choose its business partners.

"China's commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any United Nations Security Council resolutions," the Chinese foreign ministry said in a statement to Reuters. "China's lawful rights should be protected."

The ministry also reminded Washington that Beijing follows a consistent policy of opposing any "unilateral sanctions and long-armed jurisdiction" indiscriminately practiced by the US against members of the international community.

Beijing reaffirmed its stance on US sanctions at a sensitive time in Sino-American relations, full of trade disputes and China's repeated accusations that Trump is pursuing unfair protectionist policies. In recent months, the countries have slapped each other with reciprocal trade tariffs, with even more levies set to come into force later in August.

Comment: Trump's "art-of-the-deal" might work in some cases, but underlying that one needs some semblance of credibility. So far all they have demonstrated in Iran's eyes is that they can't be trusted. See also:


Russian Flag

Russian embassy: 'US refuses to provide evidence to prove Russia's involvement in Skripal incident'

Russia Flag
© AP/Manuel Balce Ceneta
Washington has not provided any facts and evidence to prove Moscow's involvement in the Skripal incident, the Russian embassy in the United States said in a statement.

"On August 8, 2018, our Deputy Chief of Mission was informed in the State Department of new "draconian" sanctions against Russia for far-fetched accusations of using the "Novichok" nerve agent against a UK citizen S.Skripal and his daughter by the "Russian Government". We grew accustomed to not hearing any facts or evidence," the statement reads.

"The American side refused to answer our follow-up questions, claiming that the information is classified," the embassy added. "However, we were told that the US has enough intel to conclude that 'Russia is to blame'," the Russian diplomatic mission said.

The US Department of State said earlier in a statement that Washington was imposing new sanctions on Moscow over its alleged involvement in the poisoning of Sergei and Yulia Skripal in the British city of Salisbury. The first round of sanctions will take effect on August 22, while a second round may be introduced in 90 days in case Russia fails to meet certain conditions, the State Department said.

Comment: See also: Like it's worked up to now? US to impose new sanctions on Russia over Skripal poisoning


Jet4

Three people killed as Israeli fighter jets strike 140 Gaza targets in response to 150 Hamas rockets - UPDATE: Israel preparing for war

An explosion during an Israeli air strike on Gaza
© ReutersAn explosion during an Israeli air strike on Gaza, August 8, 2018
The IDF has conducted another series of air strikes against at least 20 alleged Hamas targets in the Gaza Strip, after the militant group fired over 150 projectiles into southern Israel.

"IDF fighter jets targeted over 20 terror sites in military compounds and in a Hamas training camp. Among the sites targeted were a weapons manufacturing and storage facility, a complex used for the Hamas naval force and a military compound used for rocket-launching experiments," the IDF said Thursday morning.

A pregnant woman and her toddler were among three people killed by Israeli fire, the Palestinian Health Ministry confirmed. The victims - identified as Enas Khammash, 23, and her 18-month-old daughter Bayan - were killed in the Jafarawi area of central Gaza, according to AFP.

Comment: A spokesman for the Gaza health authority said earlier that a Palestinian died in Gaza on Wednesday after Israel shelled the exclave allegedly in retaliation to rockets fired into its territory.
"A 30-year-old Palestinian man died in a shelling near the city of Beit Lakhia. Six people have been injured so far as a result of Israeli aggression," Ashraf Qidra told Sputnik.
Update: Meanwhile, a senior Israeli army official told Israeli daily Haaretz on Thursday that Tel Aviv is approaching a new war on Gaza.
"We don't see the end of the escalation. We are closing in on operation in Gaza," he said.

Another Israeli official warned Hamas against further escalation in the region.

"The way things continue to play out is significant. Hamas will understand in the coming hours, as in the past months, that this is not the direction it wants to chose," he was quoted as saying on the army['s Twitter account.



Yoda

Graham Phillips arrested for protesting 2008 Georgia-Russia war 'memorial' event at London embassy

graham phillips arrested
© screenshotGraham Phillips
British law enforcement bodies have detained the journalist Graham Phillips at the Georgian Embassy in London, reported the ambassador of Georgia in Great Britain Tamar Beruchashvili to journalists.

According to her, during an exhibition devoted to the 10th anniversary of the events of August, 2008, Phillips shouted out anti-Georgian and anti-NATO slogans.

"The diplomatic police which was called to the scene worked quickly and detained Graham Phillips," added Beruchashvili.

The Ministry of Foreign Affairs of Georgia also reported about the detention of the journalist, without having given his name.

"He without the permission disrupted the exhibition, loudly shouted slogans against NATO and accused Georgia of providing incorrect information for the British audience," noted the department.

Several clips of the incident are below:


Comment: Some samples of Mr. Phillips' excellent work. He is a fearless war reporter, documenting real facts that expose the government spin.


Chess

All Russia all the time - thanks to the curious case of Bill Browder and the deceptive Magnitsky Act

Putin
"Deserve's got nuthin' to do with it."
- William Munny, Unforgiven
A couple of weeks ago I told you the first U.S. Civil War was here.

What I didn't tell you was the face of that Civil War is Bill Browder.

Browder was responsible for The Magnitsky Act. It handed our government insane sanctions powers on individuals and companies in the name of punishing rogue, evil regimes who torture innocents.

His story is the thing of spy novels. It reeks of power politics, market collusion and psychopathology.

And if only half of it is true, he and his associates deserve a fate worse than anything dreamed up by Dante and his Inferno.

Comment: Don't miss the following: