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Wed, 27 Oct 2021
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Make no mistake: Programmable digital currencies are weaponizable money

chinese Yuan
Earlier this year, China began to roll out a project that had long been in the works--a digital version of its currency, the yuan, is now being used in four Chinese cities. The Chinese government sees two major potential benefits to the experiment: a tangible challenge to the U.S. dollar's global ubiquity, and a way to control how Chinese citizens spend their money.

As a government-issued currency, the digital yuan can be manipulated and monitored in a number of ways. Importantly, it is programmable. Writes The Wall Street Journal, "Beijing has tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start."

Although the concept of a currency which is artificially inflatable/deflatable on demand seems novel, it has its roots (as do so many concepts) in the theorizing of a long-dead economist. A German entrepreneur by the name of Silvio Gesell witnessed Argentina's 1890 financial crash firsthand. The ensuing unemployment, poverty, and economic stagnation convinced him that something needed to change. Such crises occurred, he theorized, because people hoarded money out of fear and brought business to a halt, argued Gesell--this he dubbed "poverty amid plenty."

Comment: See also:


Eagle

Biden's first trip outside the country will take him to NATO headquarters

Biden and NATO
White House Press Secretary Jen "Russia will be accountable by the international community" Psaki announced today that her boss, President Joe "I will continue with every fiber in my being to keep America involved with troops that can shoot and kill" Biden, will make his first overseas trip in June; in fact his first trip outside the country; only the fourteenth trip outside the capital with the exception of visits to his home in Delaware. In over three months in office.

His fairly abbreviated tour will take him to Cornwall for a G7 summit, then to Brussels for a NATO summit and a U.S.-European Union summit. Though it may be difficult to discern when one ends and the other begins. The U.S. (and Canada) + the European Union = NATO.

He's not had time to visit forty-one states in his own nation (82% of them), but will play the merry summiteer in Britain and Belgium. One must have priorities as leader of the free world.

Comment: See also:


Bad Guys

Israel conducts airstrikes on Gaza claiming 36 rocket attacks came from region, Netanyahu says to 'prepare for any scenario'

jerusalem
© REUTERS / AMIR COHEN
Starting late Friday, 36 rockets, according to the Israeli Defence Forces (IDF), were fired towards Israel from the territory of the Gaza Strip throughout the night. The IDF, in response to the reported attacks, conducted strikes against alleged Hamas targets.

Late Saturday, red alert sirens went off for the second night in a row in southern Israel, triggered by a rocket launch from Gaza, according to the IDF. The rocket exploded near the Israel-Gaza security fence.

Earlier on Saturday, the Israeli Iron Dome missile defence system intercepted a rocket fired from Gaza.

Comment: Sputnik reports that a protest of 700 Palestinians eruped on the Gaza border amidst the unrest:
Israeli media reported that an estimated 700 Palestinians have been protesting near the closed Karni crossing between Israel and the Gaza Strip, with the IDF reportedly using flares and stun grenades to contain people without giving them a chance to get close to the security fence.

Video allegedly showing the IDF firing flares near the security fence was shared on Twitter.


Mass demonstrations were reported throughout the Gaza Strip, as thousands of Gazans hit the streets to express support for the Palestinians who live in Jerusalem. Photos and video said to have been taken in different parts of Gaza were shared on social media.



Protests also took place across the West Bank, where people marched to Israeli checkpoints, including Jenin's Jalameh checkpoint, Nablus's Huwarra checkpoint and Hebron's Bab al-Zawiyeh.

Around one hundred Palestinians were reported protesting near the Qalandiya checkpoint between Jerusalem and Ramallah, the de facto administrative capital of the Palestinian National Authority (PNA). According to The Times of Israel, citing a spokesperson for the border police, "rioters" were using firebombs, stones, and fireworks, while police were responding with "riot dispersal means".

Meanwhile, a new series of encounters between Palestinians and Israeli police has started at the Damascus Gate outside Jerusalem's Old City. According to the Palestinian Red Crescent, six Palestinians were hurt during clashes at the gate. According to The Times of Israel, two police offciers were injured during a rock-throwing incident in East Jerusalem and one was hit in the face in the Old City.




PNA President Mahmoud Abbas is set to chair a meeting of Fatah's Executive Committee on Sunday to discuss the ongoing dynamics.

"This meeting will discuss the dangerous events in Jerusalem, and to review the movement's preparations for the electoral process, especially in the context of the Palestinian leadership's insistence that there will be no elections without Jerusalem," Fatah Central Committee member Sabri Saydam said, cited by The Times of Israel.

Palestinians are preparing for their first general elections in 15 years. The parliament elections in both the West Bank and the Gaza Strip are set to take place on May 22, with the presidential election scheduled for July 31.
See also:


Magnify

No evidence of Russian involvement in 2014 ammunition depot blast, Czech president says, despite govt already expelling 18 diplomats

Zeman

Czech President Milos Zeman
Czech President Milos Zeman has said there are two theories about what caused the 2014 arms depot blast that has sparked a severe diplomatic rift with Russia, and that both must be investigated.

Speaking for the first time about the incident during a televised address to the nation on April 25, Zeman said that one version of events is that Russian intelligence was involved in the deadly explosion.

The other version, he said, was that the blast was caused by inexpert handling of ammunition.

"I take both lines [of investigation] seriously and I wish that they are thoroughly investigated," Zeman said.

Comment: RT reports:
Moreover, the very theory of the potential involvement of foreign intelligence in the 2014 ammo depot blast emerged only three weeks ago, Zeman revealed. Before that, such an idea had been never mentioned even in "non-public" reports by Czech intelligence services. Inept handling of ammunition remained the main theory of the cause of the blast. At the same time, it has been established that the cache of ammunition destroyed by the blast was destined for Bulgaria.


It certainly is notable that it's only now that this new theory comes into being; seven years after the blast, right after an escalation of hostilities by the US, and amidst a growing rift by the Baltic states against Russia. And it seems it has been building for a while, because, months before this baseless spat, Russia expelled a Bulgarian diplomat over spying accusations.


"The ammunition from the depot should have been delivered to Bulgaria," Zeman said. "There are trade invoices, a local arms dealer had made a deposit. We can consider the Bulgarian link confirmed."
Russian embassy
© Reuters / David W Cerny
FILE PHOTO. A national flag of Russia flies on the Russian embassy in Prague, Czech Republic.
The ammo depot incident must be "thoroughly investigated," the president stated, expressing his full confidence in Czech police and security services.

"When the investigation is over, the citizens of the Czech Republic will be fully informed and nothing will be kept secret," Zeman said. "Whether this suspicion is justified, and in that case, while I support fair relations with all major countries, the Russian Federation needs to pay for this possible terrorist act - for example, Rosatom's non-participation in the Dukovany tender."

The Rosatom corporation has been already barred from the contest for the renovation of the Dukovany nuclear power plant, which is valued at $7 billion.

Moscow has strongly rejected the accusations, retaliating with the expulsion of 20 Czech diplomats, while Russian media reported looming economic sanctions against the Czech Republic. The spat has apparently entered a downward spiral, as Czech authorities now want to send home even more staff from Russian diplomatic facilities. Moscow, in turn, has signaled that such a move won't be left without a response, with talk emerging of restrictions on Czech exports, such as beer.
See also: America's stake in the Czech elections, and President Zeman's policies


Bizarro Earth

Leviathan mobilises for decisive battle

Trump Leviathan
© Unknown
Globalist forces are being mobilised to win a last battle in the 'long-war' - looking to break-through everywhere.

In The Revolt of the Public, Martin Gurri, a former CIA analyst, contends that western élites are experiencing a collapse of authority deriving from a failure to distinguish between legitimate criticism and - what he terms - illegitimate rebellion. Once control over the justifying myth of America was lost, the mask was off. And the disparity between the myth and public experience of it became only too evident.

Writing in 2014, Gurri foresaw that the Establishment would respond by denouncing all evidence of public discontent, as lies and disinformation. The Establishment would, in Gurri's telling, be so constrained within their 'bubble' that they would be unable to assimilate their loss of monopoly over their own confected 'reality'. This Establishment denial would be made manifest, he argued, in a delusional, ham-fisted authoritarian manner. His predictions have been vindicated with Trumpist dissidence denounced as a threat to 'our democracy' - amidst a media and social platform crackdown. Such a response would only confirm the suspicions of the public, thus setting off a vicious circle of yet more "distrust and loss of legitimacy", Gurri concluded.

Comment: Is globalism the end product of American exceptionalism? This may be precisely why it does not, will not work. Neither the Russians, the Chinese nor what is left of the rational US public will bow to obey this master.


Gold Coins

The heroic congressional fight to save the rich

Pelosi
© Stefani Reynolds /Bloomberg
Speaker of the House Nancy Pelosi
Josh Gottheimer, Democrat of New Jersey, made an inspired plea recently. The Harvard man and Alpha Epsilon Pi brother is a member of the so-called "SALT caucus," a group of congressfolk threatening to hold up Joe Biden's infrastructure bill if it doesn't include a full repeal of a Donald Trump-imposed $10,000 cap on deductions of state and local taxes.

"It is high time that Congress reinstates the state and local tax deduction, so we can get more dollars back into the pockets of so many struggling families," intoned Gottheimer, one of 32 members of the SALT caucus, which includes 8 Republicans.

Pressure on Biden to repeal the SALT cap has been amping up, mainly from tri-state Democrats like Gottheimer, fellow New Jerseyan Bill Pascrell, and Tom Suozzi of New York. "No SALT, no deal!" the trio power-tweeted a few weeks back. Just a few days ago, Gottheimer even came up with a new way to argue the plan, offering to pay for the repeal of the SALT cap by increasing audits.

"There is a way to do this by going after what people owe already," he said.

The effort by the "SALT caucus" to hold a $2 trillion relief bill hostage in order to help what they're calling "struggling families" in the "middle class" is just the latest development in a years-long saga revealing Congress at its phoniest and most shameless.

Star of David

How 'corrupt' British minister Priti Patel lied for Israel

Patel/Duncan
© Simon Dawspn/Dept. International Development/No 10/Simon Davis
Home Affairs Minister Priti Patel • Dep. Foreign Minister Alan Duncan
Alan Duncan was part of Theresa May's Conservative government in Britain and served as deputy to then foreign minister Boris Johnson. But unlike many in the current UK government, he is not a supporter of Conservative Friends of Israel, an influential lobby group. Indeed, in his new book In The Thick of It, he accuses the group of "disgusting interference in our public life." Duncan reveals that the group used its influence on the most senior levels of government to block him becoming Middle East minister.

In another section of the book - the diaries of his time in the Foreign Office - he excoriates Priti Patel, currently the British home secretary, as "compromised," "deceitful," "morally corrupt," "contemptible" and "quite despicable." All these characterizations were used by Duncan to describe Patel's relationship with Israel. Patel was then the UK minister for international development, deciding how to dole out British aid money around the world - a form of "soft power."

Duncan's diary entries on Patel stand out, because they shed new light on a 2017 scandal Patel briefly but memorably caused for May's government.

Comment: Having publicly stated the obvious, given Israel's abilities to infiltrate and compromise other governments, looking repeatedly over his shoulder should be Duncan's next move. He is, after all, In the Thick of It.


Dollar

Quid pro quo? Big tech bankrolls BLM cofounder's PAC, charities in exchange for support

Khan-Cullors/Moskovitz/Dorsey
© Drew Angerer/Getty Images/Business Insider/TEGlobalism/NAFTA/Free College/KJN
Patrisse Khan-Cullors • Dustin Moskovitz • Jack Dorsey
Big Tech has showered Black Lives Matter co-founder Patrisse Khan-Cullors' PAC and charities with millions in donations — and censors her online criticsas she backs their battle to control the internet.

Philanthropists linked to Facebook, Twitter and Netflix have donated more than $7.5 million to a host of non-profits controlled by Khan-Cullors, who has helped them lobby for "net neutrality."

The issue of net neutrality is about who controls the Internet. Proponents, including human rights groups, want a free flow of views and information. They fear content can be controlled by phone and cable companies — the Internet service providers — in how they set fees and speeds for content producers and users. Big Tech firms, many of which already engage in censoring content they don't agree with, don't want ISPs to control the Internet — and their profits.

Fire

Oil tanker in flames off Syrian coast after suspected drone attack

Vessel fire
© Unknown
Vessel fire off coast of Syria
The Times of Israel reports a fire broke out on an oil tanker moored off the port of Banyas, located in northwestern Syria.

The source of the fire is unknown at the moment, but Syria's oil ministry reports "an apparent drone attack coming from Lebanese territory" is responsible for the incident.

The ministry didn't provide any information about the ship's name, but the Syrian Observatory for Human Rights says the vessel was Iranian.

Syrian Arab News Agency (SANA) allegedly shows the vessel with a plume of black smoke rising in front of the bridge.

Mohamed Yehia, head of Multimedia Output, BBC Arabic, also tweets out an image of the vessel and recites the SANA report.
There are no official reports of the incident neither the source of the fire on the vessel.

However, we must add that Israeli and Iranian ships have been subject to regular attacks in recent weeks and months. Tel Aviv and Tehran blame each other.

Last week, the US issued a rare warning to its closest Mideast ally Israel over its escalating actions against Iran. The Biden administration has voiced displeasure with Israel's recent covert attacks against Iranian targets.

Some of those attacks have been Israeli forces bombing dozens of Iranian oil tankers.

Bullseye

Tara Reade: Doing diplomacy with the US is like trying to appease an abusive partner in a toxic relationship

biden mask
© REUTERS/Tom Brenner
Joe Biden purveyor of toxic diplomacy
The come-here-go-away approach Washington takes to diplomacy - insults, accusations, sanctions, then summit invitations and some more accusations - bears a striking resemblance to how an abuser behaves in an intimate relationship.

"Come here," demands A, crooking a finger.

"No, never mind. Go Away," A says angrily.

R leaves, confused.

'No, wait, come here," A says again.

"OMG why did you do that?!" A is now yelling.

"Do what?" R asks, alarmed.

"Oh, you know very well," A responds.

R steps back, defensively folds arms.

"R, come on, we have to talk," A pleads tearfully.

R shakes head, steps tentatively towards A.

"Never mind, go away. And YOU get no more of anything," A says petulantly.

R, confused, ignores A and looks over at C.

R and C walk off into the sunset.

A stomps foot angrily and yells threats at them both unless they return.

Our players in this little fiction? America, Russia and a cameo appearance by China.