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Tue, 26 Oct 2021
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Yellen: McConnell could cause catastrophic financial crisis with debt ceiling brinkmanship

Yellen
© Al Drago
Treasury Secretary Janet Yellen appears before House Financial Services Committee
Treasury Secretary Janet Yellen said Sunday on ABC's This Week that if Senate Minority Leader Mitch McConnell's (R-KY) followed through on his threat that Republicans would not help to raise the debt ceiling in December, there could be a financial crisis.

Anchor George Stephanopoulos said,
"We all dodged a bullet this week. Senator McConnell has warned President Biden that Republicans won't help next time on the debt limit. I want to read part of his letter to President Biden. Quote:
'I will not be a party to any future effort to mitigate the consequences of Democratic mismanagement. Your lieutenants on Capitol Hill now have the time they claim they lack to address the debt ceiling through stand-alone reconciliation and all the tools to do it.'
What are the consequences if he keeps his word?"

Comment: See also: Yellen warns Congress has just three weeks before US expected to default


Broom

Zelensky's Purge: Ukraine's latest internal battles show how hopes for the 2014 Maidan are fading amid fears of totalitarianism

Zelensky and verkhona rada
© AFP/Genya Savilov/Reuters/Stefanie Loos
President Volodymyr Zelensky • Verkhovna Rada, Ukraine
Since Ukraine's independence from the Soviet Union in 1991, almost every president has, sooner or later, begun to take on authoritarian tendencies. Unfortunately, the country's current leader, Volodymyr Zelensky, is no exception.

His decision to lead the charge to dismiss the speaker of the country's parliament on Thursday is clear evidence of this. Zelensky's "Servant of the People" Party pushed out Dmitry Razumkov in a move that the top MP branded as illegal over disagreements about the country's new law targeting oligarchs and banning them from political activity.

The decision highlights an increasingly heavy-handed style in Kiev and touches on conflicts over policies that hurt democracy and the rule of law. Last but not least, it shows Zelensky's disturbing intolerance of any disagreement, even from former close associates within his own party.

Comment: Destruction looks reasonable through the lens of paranoia.


Bandaid

White House links Biden's bad polling to pandemic

Bidenvirus
© Unknown
Unable to 'blame Canada', Biden bad raps the virus for his polling numbers.
White House press secretary Jen Psaki on Friday attributed a series of tough poll results for President Biden to the nation's inability to fully overcome the coronavirus pandemic.

"I would say that this is a really tough time in our country," Psaki said when asked about the string of surveys showing Biden's approval dropping, particularly among independent voters.

A RealClearPolitics average of polls puts Biden's approval rating at 43 percent, down from 51 percent in early August.

A Quinnipiac University poll released this week found 38 percent of those surveyed approve of Biden's job performance, while 53 percent disapprove. The poll found 60 percent of independents disapproved of Biden's performance.

That poll followed an Associated Press survey last week that put Biden's overall approval rating at 50 percent, down from 54 percent in August.

A Gallup poll released last week found Biden's approval rating among independents had fallen to 37 percent, slipping 24 points below his 61 percent approval rating at the beginning of his administration. The Gallup poll found 43 percent of those surveyed approved of Biden's job performance

Comment: Biden's fantasy isn't fooling anyone - sadder if he believes it.


SOTT Logo Radio

NewsReal: Why You Should Question Media Reports About China 'Causing Covid' And 'Invading Taiwan'

china taiwan newsreal
© Sott.net
Recent 'revelations' that Chinese authorities were buying up PCR tests months before the Wuhan Covid-19 outbreak have renewed interest in the China-lab leak theory and cemented Western suspicion that the Chinese Communist Party is responsible for the Covid-19 pandemic and covered up its origins.

Meanwhile reports of the Chinese military conducting high numbers of flights in or near Taiwanese airspace has seen war rhetoric ramp up in Western media. Are 'we' on the cusp of WWIII with China? And should 'we' defend Taiwan against the China?

This week on NewsReal, Joe and Niall take off the rose-tinted glasses to take a clear-eyed look at the stand-off between the USA and China.


Running Time: 01:41:51

Download: MP3 — 69.9 MB


Star of David

Israel's ethnic cleansing of Palestinians in East Jerusalem's Silwan may lead to war - but the West doesn't care

protest al asqa mosque
© Getty Images / Muammar Awad
A group of Palestinian protest entry of Israel settlers into al-Aqsa Mosque Compound, near al Silsila gate, Jerusalem
An Israeli court has overturned this week's ruling allowing Jewish silent prayer in al-Aqsa mosque compound in East Jerusalem, which Palestinians see as provocative. A possible escalation has been averted, but for how long?

Following months of Israeli-Palestinian tensions over Jerusalem's Old City, the Jerusalem Magistrates Court ruled this Wednesday that Israeli Jews may perform prayers inside Islam's third holiest site, al-Aqsa Mosque. Israeli police had, in the past, placed a blanket prohibition on Jewish prayer at the site, citing security concerns. Yet, since 2019, Israeli settlers have regularly stormed the site, accompanied by the police, in order to perform silent prayers, acts viewed by many as provocative.

The court ruling was strongly condemned internationally by the likes of Turkey and domestically by Palestinian political parties, including Palestinian Authority (PA) Prime Minister, Mohammad Shtayyeh, who called for a return to the "status quo." Palestinian groups in the Gaza Strip, such as the ruling party Hamas, also signaled their intention to escalate tensions in order to combat what was seen by Palestinians as an attempt to slowly take over the Holy Site and push them out, similar to what is being done elsewhere in East Jerusalem.

Comment:


Eye 2

Cultural Warfare in the 20th Century: How Western Civilization Came Undone

huxley crowds new world order
Which future wins out in the unfolding battle over humanity will be shaped by the decisions and discoveries we make (or fail to make) in the days ahead.

In my last article "Guterres and the Great Reset: How Capitalism Became a Time Bomb", I made the case that the time bomb justifying a Great Reset of civilization was set into motion over 50 years ago. In that location, we were introduced to a cast of characters surrounding the World Economic Forum and Trilateral Commission who played instrumental roles in bringing about a controlled disintegration of western civilization.

Despite the fact that this un-natural transformation occurred over the dead bodies of great statesmen of the 1960s, a question still lingers: HOW did the western nations... especially the United States, so deeply shaped by a love of freedom, wilfully relinquish its democratic institutions in favor of a new system of supranational governance and de-growth? How did the very people who were targeted for destruction not only let this happen but in some cases even aide and abet the perpetrators?

Chess

Austrian Chancellor Kurz steps down over corruption allegations, denies wrongdoing

Sebastian Kurz.
© Reuters / Leonhard Foeger
Sebastian Kurz.
Austrian Chancellor Sebastian Kurz resigned after pressure over accusation in a corruption scandal.

Kurz, 35, who denied any wrongdoing was under fire from his own coalition partner the Greens. Kurz said he wanted to "end the stalemate to prevent chaos" as he stepped down from office.

The outgoing Chancellor put forward the name of foreign minister Alexander Schallenberg as the new head which the Greens said was the "right step for future government work".

Comment: Considering the rampant corruption in politics these days, it's often rather revealing which people the establishment attacks and those whose actual criminality is allowed to continue unchallenged: See also:


NPC

Fake, Woke & Authoritarian: Why Does Canada Continue to Take The Insultingly Insincere Justin Trudeau Seriously?

Justin Trudeau
© AFP / Dave Chan
Canadian Prime Minister Justin Trudeau.
Canada's pointless prime minister is a vacuous, self-aggrandising, borderline despot incapable of even keeping up the pretence he cares a jot about the people unfortunate enough to be governed by the privileged charlatan.

Just weeks post federal elections, the muppet PM of Canada, Justin Trudeau, has given up all pretense of being a serious politician and instead returned to his norm of idiocy, offensive gaffs, scandals, and increasing the authoritarianism Canadians have endured the past 18+ months (but which Trudeau and other leaders have flouted).

On September 30, the day of Canada's newly-established National Day for Truth and Reconciliation, instead of himself abiding by the words of his (clearly-scripted and hollow) statement, Trudeau skipped off West to hit the waves and walk on the beach with his wife and kids.

Comment: Yes, sadly indeed!


Newspaper

'Peaceful reunification with Taiwan will be realised' - Xi Jinping

Jinping
© WEF via Flickr.
Xi Jinping.
China's President Xi Jinping said Saturday "peaceful reunification" with Taiwan "will be and can be realised", days after Chinese warplanes made record incursions into the air defence zone of the democratically ruled island.

Self-governed Taiwan, which has never formally declared independence, lives under the constant threat of invasion by China, which views the island as its territory and has vowed to one day seize it, by force if necessary.

"Realising national reunification by peaceful means best serves the interests of the nation as a whole including our brethren in Taiwan," Xi said in a speech marking the 110th anniversary of a revolution that ended millennia of imperial rule and led to the founding of the Republic of China.

Comment: US special operations are operating in Taiwan, Britain sailed a warship through the Taiwan Strait, but China, that actually shares a history with Taiwan, is the threat?


MIB

Absurd mission creep: The CIA's new units pave the way for the most totalitarian period in its history

CIA flag
© Reuters / Yuri Gripas
With new units on China and climate change, global health and emerging tech, the CIA is expanding its reach (as it has often tried to do, unsuccessfully, in the past). But these ventures are likely to have unwanted consequences.

The CIA recently announced a reorganization that includes the creation of two new 'mission centers', one focusing exclusively on China while the other - called the Transnational and Technology Mission Center - will look at emerging technologies, climate change, and global health.

Both of these new units pose baffling questions. You might wonder why it has taken so long for the CIA to set up a dedicated China unit, given the long-term increases in the country's economic, military and geopolitical power.

Comment: With the manufactured coronavirus crisis Western governments have achieved power grabs that, otherwise, would have been near impossible: And check out SOTT radio's: NewsReal: The Great (End)Game - Closing the Afghan War, Opening the 'Covid War'?