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The inflation monster has been unleashed

inflation monster
The monster known as inflation has been unleashed upon the world and will not easily retreat into the night. This is reflected in soaring commodity and housing prices. Due to the stupid and self-serving policies of the Fed, we are about to experience a massive shift in the way we live. Bubbling up to the surface is also the recognition the Fed has played a major role in pushing inequality higher. This means that inflation is about to devour the purchasing power of our income and the savings of those that have worked hard and saved over the years.

Over the months we have watched Fed Chairman Jerome Powell time and time again cut rates and increase the Fed's balance sheet. This has hurt savers, forced investors into risky investments in search of yield, damaged the dollar, encouraged politicians to spend like drunken sailors, and increased inequality.
The greatest wealth transfer in history has already begun and the next crisis will only accelerate the process. Sadly, the same policies that dump huge money into larger businesses because it is an easier and faster way to bolster the economy give these concerns a huge advantage over their smaller competitors.

For decades the American people have watched their incomes lag behind the cost of living. To make matters worse, the official numbers of the so-called Consumer Price Index (CPI) have been rigged to understate inflation and not to reflect the true impact it was having on our lives. Want to know where the real cost of things is going, just look at the replacement cost from recent storms and natural disasters. Currently, the government understates inflation by using a formula based on the concept of a "constant level of satisfaction" that evolved during the first half of the 20th century in academia. This has skewed expectations and led many people to think inflation is not something they need to worry about.

Comment: See also:


Bad Guys

Toshiba hacked by DarkSide, Kaspersky founder suggests CIA may be behind group's Colonial Pipeline attack

Toshiba
© EPA
A Toshiba business unit was hacked by DarkSide, the same group claiming responsibility for the Colonial Pipeline attack.
A Toshiba business unit said it was hacked earlier this month by the DarkSide criminal group, the same gang responsible for the attack on Colonial Pipeline, which caused widespread gas shortages and panic buying across the Southeast.

Toshiba Tec said in a statement that its European subsidiaries were hit by the cyberattack and the company's probing the extent of the impact.

It said "it is possible that some information and data may have been leaked by the criminal gang," but it hasn't confirmed that customer-related information was leaked.

Comment: ZeroHedge reports that there are clues that these hacks could actually be the work of the CIA, which would also make a lot more sense:
The operator of the ransomware group Darkside, believed to originate in Eastern Europe or Russia, has been unable to access its computer systems to conduct cyber attacks. Associates close to the hacking group said it would disband, citing international pressure from the US, said security research firm FireEye.

Recorded Future threat intelligence analyst Dmitry Smilyanets said DarkSide has lost control of its servers and lost some money it made through ransom payments.

Darksupp also reported cryptocurrency funds were withdrawn from the payment server and would be split between itself and its associates.

This sudden dispersion of the hacking group is suspicious. Who would disband a hack operation for a measly $5 million - that will barely buy a mansion in the Bay Area.

On Thursday, President Joe Biden announced his administration had been "in direct communication with Moscow about the imperative for responsible countries to take decisive action against these ransomware networks" and would "pursue a measure to disrupt their ability to operate."

Biden said, "We do not believe the Russian government was involved in this attack, but we do have strong reason to believe that the criminals who did the attack are living in Russia, that's where it came from."

But not everyone is convinced DarkSide is a legitimate hacking group but rather a cover for a rogue group of CIA hackers.

Natalya Kaspersky, the founder and former CEO of security software firm Kaspersky Lab, made an explosive suggestion in an interview with Russian state-owned domestic news agency RIA Novosti that CIA hackers were actually behind the Colonial Pipeline attack, reported RT News.

Kaspersky said the Umbrage team, which is part of the Remote Development Branch under the CIA's Center for Cyber Intelligence, can mask its hackers as outside ones and leave behind the "fingerprints" of the external hackers when it breaks into electronic devices.

WikiLeaks in 2017 shed light on the Umbrage team. At the time, USA Today said CIA operatives "may have been cataloging hacking methods from outside hackers, including in Russia, that would have allowed the agency to mask their identity by employing the method during espionage."

Kaspersky pointed out a list "of the countries under whose hacker groups this UMBRAGE is disguised - Russia, North Korea, China, Iran." She claimed that "therefore, it cannot be said with certainty that a hacker group carried out the attack from Russia and that it was not a provocation made themselves from there, or from some other country."


... more things that make you go hmm.

See also:


Snakes in Suits

Lawmakers reach agreement on bipartisan January 6 commission

Bennie Thompson
© AP/Susan Walsh
House Homeland Security Committee Chair Rep Bennie Thompson (D-Miss)
The top Democrat and Republican on the House Homeland Security Committee reached an agreement Friday on legislation to establish a bipartisan 9/11-style commission to investigate the Jan. 6 attack on the Capitol ahead of an expected vote next week.

The bill is focused squarely on the Jan. 6 riot, not other episodes of political violence as GOP leaders have demanded. It's unclear how much support the legislation has among Republicans who have defended former President Trump's actions surrounding the deadly rampage.

Minority Leader Kevin McCarthy (R-Calif.) on Friday said he has not signed off on the bill. "I haven't read through it," McCarthy told reporters.

The bill would include an equal number of Democrats and Republicans, offering a chance to cap a lengthy negotiation between congressional leaders. Speaker Pelosi stated:
"It is imperative that we seek the truth of what happened on January 6 with an independent, bipartisan 9/11-type Commission to examine and report upon the facts, causes and security relating to the terrorist mob attack. Today a bipartisan agreement to form such a commission has been reached, with legislation to create it set to reach the Floor as soon as next week."



Comment: After months of priming the public with accusation, reaction, fear mongering and innuendo, the House now proposes to walk the high road and seek the 'truth'? They want legislation to validate their claims and sully the opposition.


Star of David

IDF announces Israeli ground troops now 'attacking Gaza Strip amid fears of imminent invasion

Bomb Explosion Gaza
© Mohammed Abed/AFP
Explosion following Israeli airstrike on Beit Lahia, northern Gaza Strip
May 14, 2021
Israeli ground troops have now joined the air force in attacking the Gaza Strip, the IDF has announced, causing confusion before clarifying that no soldiers have actually crossed into the Palestinian enclave yet. "IDF air and ground forces are now attacking the Gaza Strip. More details to come," the Israel Defense Forces announced on Twitter just after midnight on Friday local time.
Artillery, tanks and infantry are firing into the strip but have not crossed its boundary yet, according to a reporter with the Israeli public broadcaster Kan 11. RT's Paula Slier also reported that artillery units from Israel's Golani Brigade are "shooting into Gaza from the border, but have not crossed over."

Israeli PM Benjamin Netanyahu said shortly after the IDF announcement:
"I said that we would exact a very heavy price from Hamas. We're doing it and will continue doing it with great intensity. This is not the last word and this operation will continue as long as necessary."
Israel has bombed over 650 targets in Gaza, destroying several high-rise buildings in the densely-populated Palestinian enclave. The IDF said its strikes have killed dozens of militants, including some top Hamas commanders.

Six Israelis have been killed so far, including one IDF soldier and a six-year-old boy. Health officials in Gaza said that over 100 Palestinians, including 27 children, had fallen victim to the Israeli strikes as of Thursday, while almost 600 people were injured.

Comment: Will Israel prevail or bring down its own house of cards? What will be the global response - if anything?
See also:


Attention

Cybersecurity tycoon Kaspersky claims CIA hackers could be behind US Colonial Pipeline attack blamed on Russian group

Colonial Pipeline facility
© Reuters/Drone Base
Colonial Pipeline's Dorsey Junction Station in Woodbine, Maryland, USA
May 10, 2021
A cyberattack that crippled fuel supplies on the East Coast of the US and sent gas prices soaring could have been an inside job conducted by American spooks, rather than foreign hackers, a prominent Russian IT expert has claimed.

After a massive systems failure caused the Colonial Pipeline to shut down, Natalya Kaspersky, the founder and former CEO of security software firm Kaspersky Lab, as well as one of Russia's wealthiest women, made the explosive suggestions in an interview with RIA Novosti on Friday. She alleges that the US' top foreign intelligence agency, the CIA, has a crack team of digital warriors who are able to masquerade as overseas hacking groups.

According to her, the group, known as UMBRAGE, is adept at hiding its online footprints. The existence of the team first came to light in a series of documents published by WikiLeaks in 2017 and subsequently picked up by American media. At the time, USA Today said that the shadowy operatives "may have been cataloguing hacking methods from outside hackers, including in Russia, that would have allowed the agency to mask their identity by employing the method during espionage."

Comment: Asked a direct question, Biden deferred assessment to the FBI:
Asked directly if he was confident Russian President Vladimir Putin was not involved, Biden emphasized that the FBI did not believe Putin was involved. Biden said he would likely discuss the attack with Putin at some point.
"We are working to try to get to the place where we have an international standard that governments knowing that criminal activities are happening in their territory, that we all move on those criminal enterprises, and I expect that is one of the topics I will be talking about with President Putin."
The Biden administration has been forced by the Colonial Pipeline and SolarWinds attacks, among other escalating cyber threats, to take immediate action to strengthen federal cybersecurity.

As part of this, Biden signed an executive order Wednesday night to take a range of actions to make it more difficult for hackers to successfully compromise federal agencies. The order requires the establishment of baseline security standards for all software sold to the government, and that IT groups doing business with the federal government report breaches.

Additionally, the administration launched a 100-day initiative in April to secure the electric sector against cyberattacks, with initiatives also planned to secure other critical sectors including the oil and gas industry.

"Private entities are in charge of their own cybersecurity," Biden said Thursday. "We know what they need, they need greater private sector investment in cybersecurity."

To further promote cybersecurity, Biden called on the Senate to vote on and approve the nominations of former National Security Agency Deputy Director Chris Inglis to serve as national cyber director at the White House, and of Jen Easterly to serve as the director of the Cybersecurity and Infrastructure Security Agency.

Additionally, he stressed the importance of passing his infrastructure package to strengthen critical systems against attacks, and for Congress to take action to help the private sector defend itself.
"I cannot dictate that the private companies do certain things relative to cybersecurity. I think it's becoming clear to everyone that we have to do more than is being done now, and the federal government can be significant value-added in having that happen."
Was this a false flag? Was it a trial run? Was Colonial Pipeline used as an excuse to leverage more control? All have been done in the past for 'other than stated reasons' counting on naive citizen and business reaction. Considering the track record, skeptics may have a point.


Star of David

Another ceasefire in Gaza? No, thank you!

Man under makeshift tarp
© Reuters
Shejaia neighborhood east of Gaza City • August 31, 2014
Last week, Palestinians and Israelis agreed to yet another ceasefire of hostilities in the Gaza Strip.

Palestinians appeared triumphant. After more than 2,100 mostly-civilian deaths, tens of thousands injured or displaced and chunks of Gaza buried under rubble, they managed to get Israel to serve up some "concessions."

Israelis seemed decidedly glum. Only 69 died, but there was no decisive "victory" either, which always rankles with the IDF and makes politicians drop in the polls.

There was more bad news for Israel. The IDF launched a major air and ground military offensives and did not come close to destroying its adversaries' leadership, organization, military capabilities and alliances. During the seven weeks of brutal attacks against the densely-populated civilian centers, Israel managed to put the Palestinian issue back on the Arab map, draw unprecedented global censure, and give wings to the Boycott, Divestment & Sanctions (BDS) campaign to undermine Israel's economy. Israel also managed to unify Palestinian political parties across the board - a minor miracle - and make regional heroes out of the "Palestinian Resistance." With every lash of Israel's whip, Palestinians found new determination to break the siege of Gaza and end Israel's occupation.

That's all well and good, but here's what needs to be clear: Palestinians did not achieve their goals either.

Comment: Offered are compelling observations noting a sadistic pattern of conflict and why it continues.


Handcuffs

Ukraine court orders house arrest of opposition leader Medvedchuk, suspected by Kiev of 'treason'

Medvedchuk
© Reuters/Serhii Nuzhnenko
Ukrainian opposition leader Viktor Medvedchuk at court hearing in Kiev May 13, 2021.
Viktor Medvedchuk, leader of the largest opposition bloc in the Ukrainian parliament, has been placed under house arrest and had his passport taken away, after the authorities in Kiev said they were investigating him for treason.

A judge in Kiev on Thursday denied the prosecutors' request to jail Medvedchuk, but placed him on round-the-clock house arrest until July 9. His passport was also confiscated. A group of lawmakers had offered to pay Medvedchuk's bail, while outside the court a group of nationalists had gathered calling for his imprisonment.

Prosecutor General Irina Venediktova announced on Tuesday she was seeking his arrest on charges of treason and attempted theft of "national resources in Ukrainian Crimea [sic]."

Venediktova also said that the SBU - Ukraine's successor to the Soviet-era KGB security agency - had failed to find Medvedchuk during a raid on his home, and that his whereabouts were unknown. Appearing in court on Thursday, however, the opposition leader told reporters that the case is "fabricated" and that he will consult with his lawyers about what steps to take next.

Comment: See also:


Bandaid

Pelosi says masks still required in House chamber despite CDC guidance

Pelosi
© AP/Getty Images
Speaker of the House Nancy Pelosi enmasked
Off with the mask? Not so fast, if you're a member of Congress.

Despite updated guidance from the Centers for Disease Control and Prevention (CDC) stating that fully vaccinated people can "resume activities that you did prior to the pandemic" without wearing a mask or social distancing, House members are still required to keep their masks on in the chamber except when speaking during debate.

House Speaker Nancy Pelosi (D-Calif.) told CNN reporter Manu Raju she would not change the rule despite the new CDC recommendations. "No," she said, according to Raju on Twitter. "Are they all vaccinated?"

A few hours later, Capitol Attending Physician Brian Monahan confirmed in a memo that the chamber's mask requirement would "remain unchanged until all Members and floor staff are fully vaccinated." Monahan added that the new CDC guidance does apply in House office buildings and all other areas.

Comment: Along with Covid, the mask of democracy is slipping as well. The 'vaccination' (what you have been led to believe) has long expired.


Star of David

Israel posts fake videos to justify Gaza slaughter

Gaza destruction
© Ashraf Amra/APA images
Palestinians inspect a building damaged by Israeli airstrikes in Gaza City on 12 May 2021.
The Israeli government posted a two-and-a-half-year-old video from Syria, claiming it was from Gaza, in order to justify its ongoing bombing campaign that has killed dozens of Palestinians since Monday.

Israeli Prime Minister Benjamin Netanyahu's Arabic spokesperson Ofir Gendelman tweeted a 28-second video on Tuesday. The video shows the rapid firing of rockets from next to what looks like an apartment building. "Another video showing how Hamas is firing rockets at Israel from populated areas in the Gaza Strip."

He then accused Hamas, the Palestinian resistance faction that governs Gaza's internal affairs, of "targeting civilians while using them as human shields."

The words "Gaza now" are watermarked on the video in English and Arabic.
Another video showing how Hamas is firing rockets at Israel from populated areas in the Gaza Strip. This is a double war crime: targeting civilians while using them as human shields.

1/3 of these 250+ rockets fell inside the Gaza Strip, killing Palestinians. #GuardiansOfTheWalls pic.twitter.com/GP9Hh52RW6

— Ofir Gendelman (@ofirgendelman) May 11, 2021

Comment: For Israel, the war on Palestine is won by shifting blame and social 're-media' - nothing fair or true about it. It's unbelievable!


Star of David

Arrogance: Tel Aviv hit AFTER Gaza buildings bombed - Israel ignored Hamas warnings

rocket israel bus
© Ahmad Gharabli / AFP
Firefighters examine a bus in the town of Holon near Tel Aviv, on May 11, 2021, that was hit by rockets fired from Gaza
Israel deliberately destroyed a residential tower in the Gaza Strip on Tuesday despite warnings from Palestinian resistance groups not to target civilian infrastructure.

Videos circulated on social media show the al-Hanadi apartment building collapsing after it was struck by an Israeli missile.

Comment: Not content with dispalcing one group of families, Israel brought down a second building containing not only apartments but several media groups.
Footage from the embattled Palestinian enclave purported to show Al-Jawhara Tower as it took a direct hit from an Israeli war plane early on Wednesday morning, sending a massive column of smoke into the night sky. It is at least the second large structure in Gaza City severely damaged in recent air raids, with the Hanandi Tower, reportedly a residential complex, reduced to rubble on Tuesday night.


The Israeli Defense Forces (IDF) posted footage of an airstrike on a high-rise soon after the initial videos began making the rounds, claiming the building included Hamas "intelligence headquarters" and an "information department." It is unclear if the grainy IDF video depicts Al-Jawhara or another structure, however.


While Al-Jawhara Tower appeared to sustain catastrophic damage in Wednesday morning's strike, it is not the first time it was targeted by Tel Aviv, with Israeli warplanes bombing the same structure during fighting in 2014. At the time, the Committee to Protect Journalists noted the building housed both Palestinian media outlets as well as apartments.
During their 51-day bombardment of Gaza in 2014, Israel had the nerve to boast that their heinous action was a "symbol" comparable to 9-11! These are truly sick puppies.
An Israeli general likened Israel's bombing of three landmark towers in the Gaza Strip last year to the 9/11 terrorist attacks on the World Trade Center. Speaking at the Future Forces for Homeland Security conference in Herzliya last week, Major General (ret.) Gershon Hacohen said:
"I need symbols, I'm talking about symbols. It is no simple matter. Because if I destroyed three towers in Gaza towards the end of Operation Protective Edge, and inflicted not only pain in the economic sense but also a symbol, and like the Twin Towers in New York were a symbol, what is significant is not only the physics but the significance of the matter."
During the final two nights of the 51-day war on Gaza last summer, Israeli warplanes dropped American-supplied bombs on the Zafer Four tower, the Italian Compound, the Basha tower, and a four-story mall in Rafah. The mass destruction left hundreds of families homeless and struck a heavy blow to Gaza's already crippled economy. These attacks were carried out when the ceasefire was imminent. The Italian Compound and Basha tower were destroyed only a few hours before the announcement of the ceasefire agreement.

Contrary to Israeli propaganda which claimed that the towers housed Hamas "command centers," the general's statement confirms my reporting from Gaza: the Israeli military chose these targets so as to attack the professional class, which is considered unsympathetic to the political goals of Hamas. These attacks are part of Israel's continued strangulation of Gaza's economy. Unemployment is now at 55%, the highest in the world.

Hacohen's speech to a crowd of military and weapons industry figures was entitled, "Future battlefields and functions of the future soldiers in future military tactics." Hacohen retired last fall.

Meanwhile, the Gaza Strip remains covered in rubble. The eight-year Israeli/Egyptian siege continues unabated and has prevented the delivery of reconstruction materials that were promised in Cairo. While indirect negotiations for a long-term ceasefire drag on, it is abundantly clear that another major Israeli attack on Gaza in a matter of when, not if.

With thanks to Dena Shunra for translation.