Puppet Masters
Late last month, Bloomberg joined the crowded Democrat primary field, prompting Bloomberg News Editor-in-Chief John Micklethwait to announce that the news organization would refrain from investigating the owner and his family, calling the decision a "tradition" of journalism. However, Micklethwait said reporters will continue to investigate President Trump and his administration.
"The decision by Bloomberg News to formalize preferential reporting policies is troubling and wrong," Brad Parscale, President Trump's 2020 campaign manager, said in a statement Monday.

Benjamin Netanyahu speaks before a map of the Jordan Valley, which he wants to annex.
The Jordan Valley, the eastern part of West Bank bordering Jordan, was targeted by Netanyahu in September ahead of Israel's second general election this year. The embattled prime minister promised that, if he stays in power, he would annex the area as Israel's sovereign land, because that's what is needed for national security.
How big an impact his pledge made is not clear, but Netanyahu's Likud party ended up almost tied with the Blue and White party of Benny Gantz. The outcome was just as inconclusive as the one from April's election, and the two parties have since been struggling to form a government of national unity.
On Monday Netanyahu repeated his annexation pledge, saying he'd discussed the plan to formally incorporate the Jordan Valley with US President Donald Trump during an earlier phone call. He said Israel currently has a "historic opportunity" to move its eastern border towards Jordan and called on Gantz to work harder on a coalition agreement.
Comment: See also:
- Gantz urges opposition to unite; claims Netanyahu could 'ignite a civil war'
- Netanyahu's 'betrayal': Bibi gives in to Ultra-Orthodox parties to secure his government
- So much for media impartiality: Netanyahu wants full control of Israeli media
- Will third time be the charm if coalition talks fail to create unity government?
- 'All the king's men': Likud considers dethroning PM Netanyahu over corruption charges
Linking his trade agenda with his Fed criticism in an early morning tweet, he said the two South American countries "have been presiding over a massive devaluation of their currencies, which is not good for our farmers."
The president's action amounts to retaliation against two nations that have become alternative suppliers of soybeans and other agricultural products to China, grabbing market share away from the U.S. Rural voters, including farmers, are a key constituency for Trump as he heads into the 2020 presidential elections.
While the steel tariffs could crimp trade, the Latin American countries gain much more shipping crops to Chinese buyers. In the first 10 months of the year, Brazil has shipped $25.5 billion in farm products including soybeans and pork to China. That's more than 10 times the value of steel and iron product sold to the U.S.

Joint List MKs Ayman Odeh and Ahmad Tibi attend a protest against violence, organized crime and recent killings in the Arab communities, Majd al-Krum, October 3, 2019.
"Netanyahu's hatred and violence spread like wildfire. Arabs, left-wing Jews, journalists, the judicial system and even members of his own party" were being ideologically attacked, Joint List head Ayman Odeh wrote on Twitter.
"The outgoing prime minister is a dangerous psychopath who knows no boundaries. A criminal with his back to the wall. Does anyone doubt that he will deny a political motive for the next murder?" Odeh wrote.
The rebuke came hours after Joint List lawmaker Ahmad Tibi was accosted on Saturday by several dozen right-wing activists at a Shabbat cultural and political event in the central town of Ramat Hasharon. Protesters held placards accusing Tibi of being a "terrorist" and "murderer," Channel 12 news reported. One sign declared "You're not wanted here!" while another said "Terrorist supporters — not in our city."
Comment: It would appear the 'age of Netanyahu' is over and his mask is coming off in a grand public reveal. Perhaps his 'truths' told over the past decade will also be exposed for the manipulative and corruptive fallacies they are.
See also:
- AG Avichai Mandelblit: 'It is my duty by law to indict Benjamin Netanyahu'
- Netanyahu cries leftist conspiracy over decision to indict him for bribery and corruption
- Getting desperate: Netanyahu denounces 'propaganda' Israel TV channels as brainwashing public ahead of elections
- Netanyahu slams corruption indictment as an 'attempted coup', claims probe is 'tainted by foreign interests'
- Desperate Netanyahu says criminal indictment against him would be win for 'the Left and media'
Rear Admiral Hossein Khanzadi was speaking in Tehran on Saturday at an event showcasing new weaponry and other military projects that his force has been involved with. Announcing the launch of the Jask cruise missile's mass production, Khanzadi said the munition will be used by all the subs of Iran's Navy.
While the official did not share any special characteristics of the missile, it's known that the Jask can be fired out of a submarine's torpedo tubes and takes off from the water. The missile was first shown in action to the public this February, during the massive Veleyat-97 naval drills.
The range of the Jask-type munitions is expected to be improved "substantially" in the future, Khanzadi said, revealing that a 'Jask-2 project' was already underway. The expanded range of the missile "will surely be a serious surprise for the enemy," the official added.
Comment:
Specifically, it was announced that China Petroleum Engineering & Construction Corp (CPECC) has been awarded a US$121 million engineering contract to upgrade the facilities that are used to extract gas during crude oil production at the supergiant West Qurna-1 oilfield in Iraq, 50 kilometres northwest of the principal oil hub of Basra. The project is due to be completed within 27 months and aims to increase the capture of gas currently being flared across the site. Two factors that were not highlighted in the general announcement were firstly that CPECC is a subsidiary of China's principal political proxy in the oil and gas sector, China National Petroleum Corp (CNPC), and secondly that the gas capture project will also include the development of the oil reserves at West Qurna 1. The current level of oil reserves at West Qurna 1 is just under nine billion barrels but, crucially, the site is part of the overall massive West Qurna reservoir that comprises at least 43 billion barrels of crude oil reserves. "For China, it's always all about positioning itself so that it is perfectly placed to expand its foothold," a senior oil and gas industry source who works closely with Iraq's Oil Ministry told OilPrice.com earlier this week.
Comment: Once again China demonstrates its ability to think in decades rather than years. The West will be left wondering how they were dethroned as 'the industrial world center'.
Starting on Monday, COP25, or the 25th Conference of the Parties to the UN Framework Convention on Climate Change, to give the summit its full name, will bring together top officials from 197 countries with the aim of establishing a set of new national targets towards cutting emissions. The talks were originally due to be held in Brazil, but the government there pulled out 12 months ago. Chile offered to take over but, after weeks of street protests, the government there pulled out, too. Finally, the Spanish government stepped in four weeks ago to take over.
Comment: Wow. Whether the Powers That Be realize it or not, their 'agitation' of the masses - through global warming hysteria, terrorism and color revolutions - has overtaken them. In a sense, they're 'on the run' from a beast they can no longer control.
What are the talks about?
The talks will review the progress made since the much-ballyhooed Paris Agreement was signed at COP21 in December 2015. The Agreement aims to reduce emissions enough to keep global temperature rises 'well below' two degrees Celsius above pre-industrial levels, and ideally 1.5 degrees. The world has already warmed by about one degree Celsius from that baseline, leaving nations with even less leeway.
Each country has promised to set a national goal for lowering emissions along with a plan for how that might be achieved.
Comment: Nice try by the author to 'take the middle ground', but he doesn't understand that the entire premise is wrong. You can't reason with this ultra-revolutionary movement. It is determined to destroy civilization and there is nothing anyone can do to stop it.
"We have advised the office of the Privacy Commissioner of the potential issue," police said in a statement, sharing little additional detail and admitting they were informed of the problem by a "member of the public."
Comment: Once again, a government hysterically reacting to a perceived problem has only made matters worse.
- New Zealand PM says 'gun laws will change' after mosque shooting
- New Zealand gov backs tighter gun laws following Christchurch shootings
- Yeah nah, mate! New Zealanders ignore nationwide gun confiscation program
NATO's London Summit on December 3 and 4, 2019 displays the deep political crisis of the 70-year-old alliance: Only a dinner and a short meeting, no statement to be issued, quarrels among the leading military members, accusations, substantial differences on Syria and many other issues, the deepest-ever Transatlantic conflict and the usual issues of burden-sharing.
Legal
But the political dimension of NATO's crisis is only one. There is also a legal crisis. You'll recognize it if you care to read the NATO Treaty text - something academic and media people don't generally seem to have done. They would then have noticed that the Alliance of 2019 consistently operates outside - indeed in violation of - its own goals, purposes and values. For instance, the UN Charter which should be NATO's guideline has been violated on a permanent basis for decades - such as in its out-of-area bombings of Yugoslavia with no UN mandate.
The contempt shown for international law in general and the UN Charter in particular is an integral part of NATO's existential crisis.
Moral
And, third, there is a moral dimension to NATO's crisis. Of course, no one talks about it.
It's the simple fact that no war that individual NATO members states or NATO as NATO have engaged in can be termed anything but predictable fiascos when judged by the alliance's own stated goals and criteria - just think of Vietnam, Yugoslavia, Afghanistan, Iraq, Libya, Syria... all crystal clear moral catastrophes causing unspeakable suffering, death and destruction to millions upon millions while achieving none of the stated goals that were set to explain and legitimize these wars such as creating democracy, respecting human rights, liberating women or stopping alleged genocides.
Comment: See also:
- Indispensable or obsolete? Reheated Cold War rhetoric can't patch fractured NATO that lacks sense of purpose & vision for future
- French President says Russia, China are not NATO's Common Enemies -- Terrorism Is
- Afraid Moscow might fix it? US dares complain about 'destabilizing RUSSIAN presence' in Libya wrecked by NATO regime change
- Putin: NATO's attempts to move closer to Russian borders and its militarization of space are cause for concern
PTJ spoke first, starting with a few words about President Trump, praising him as "the greatest salesman" to ever enter the American political arena. After all, didn't Trump convince the Republican Party - once the party of fiscal piety - that 5% budget deficits 10 years into an economic rebound are necessary to protect the economy. Similarly, didn't he also convince the Fed - "through great moral suasion" - that returning to real negative rates with unemployment at 50-year lows was a necessity?
Both Dalio and PTJ agree that, while clearly stimulative in the short-term (obviously just take a look at the S&P 500), these decisions will set up the US economy for one of the most punishing downturns in history, which is why PTJ always laughs when Jerome Powell is quizzed about financial conditions and whether he sees bubbles anywhere. Because at this point, the whole market is a bubble.













Comment: Michael Bloomberg may be in for a rough road despite his deep personal campaign pockets.
- Michael Bloomberg launches Democratic presidential bid
- Bloomberg gets blasted for apology & U-turn on NYC's 'stop & frisk' policy - ahead of his presidential nomination bid
- "Those people": Michael Bloomberg on why raising taxes for the poor is a good thing
- Goldman, Bloomberg and crony capitalism
And in an echo of a comment on Bill Clinton and 'the famous (Epstein) island' made in 2015, Trump hints there may be some interesting skeletons in Bloomberg's background.Trump on Bloomberg: 'He's got some personal problems' - Preparations for 2020's US Presidential run begin