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Fri, 05 Nov 2021
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Stock Down

World's ultra-rich scramble to find safe-deposit boxes ahead of next crash

safe deposit
© Bloomberg
Safe-deposit boxes at 46 Park Lane
Last week we reported that according to a new analysis by UBS Wealth Management, the wealthiest investors around the world are preparing for a "significant" market crash by the end of next year.

And while that may be fine and good - after all, virtually no finance professional thinks the current, longest bull market on record, will continue beyond next year's election - one question quickly emerged: if the world's 0.001% are indeed liquidating in anticipation of a generational crash, just what are they converting their assets into? After all, if the crash is great enough, not a single risk asset will retain its value, while a DM sovereign collapse could promptly render paper money is worthless, as for gold retaining its value, yes maybe, but only if one owns far more lead to defend it.

The answer is to be found at 46 Park Lane, a few blocks from Grosvenor Square in Mayfair, which initially resembles a private club with wood-paneled walls and an ornate fireplace dating back to Britain's Victorian era. But down a flight of stairs is one of the most secure rooms in London.

Comment: See also:


USA

The Day John Kennedy Died

John F Kennedy
© Off Guardian Org
There is a vast literature on the assassination of President John F. Kennedy, who died on a November 22nd Friday like this in 1963.

I have contributed my small share to such writing in an effort to tell the truth, honor him, and emphasize its profound importance in understanding the history of the last fifty-six years, but more importantly, what is happening in the U.S.A. today.

In other words, to understand it in its most gut-wrenching reality: that the American national security state will obliterate any president that dares to buck its imperial war-making machine. It is a lesson not lost on all presidents since Kennedy.

Unless one is a government disinformation agent or is unaware of the enormous documentary evidence, one knows that it was the CIA that carried out JFK's murder. Confirmation of this fact keeps arriving in easily accessible forms for anyone interested in the truth.

A case in point is James DiEugenio's recent posting at his website, KennedysandKing, of James Wilcott's affidavit and interrogation by the House Select Committee on Assassinations, declassified by the Assassinations Record Review Board in 1998.

In that document, Wilcott, who worked in the finance department for the CIA and was not questioned by the Warren Commission, discusses how he unwittingly paid Lee Harvey Oswald, the government's alleged assassin, through a cryptonym and how it was widely known and celebrated at his CIA station in Tokyo that the CIA killed Kennedy and Oswald worked for the Agency, although he did not shoot JFK.

I highly recommend reading the document.

Snakes in Suits

Grenfell Tower contractor's hiring for new project in London highlights neoliberal outsourcing nightmare

grenfell tower
© ZUMAPRESS.com
News that the principal Grenfell Tower contractor won a new contract worth almost £100 million to redevelop a London council estate might seem shocking, but really it's unsurprising given the way the system operates in the UK.

You couldn't make it up, could you?

Despite the secretary of state saying it should not bid for public works until investigations into the Grenfell fire had been completed, and London Mayor Sadiq Khan signing an order to that effect, Rydon - the principal contractor for Grenfell - has just been awarded a new contract worth almost £100 million ($129 million) for more redevelopment work from Ealing Council in London.

Ealing says it selected Rydon as a 'partner' for their project to demolish the 264-home High Lane estate and replace it with 450 homes in April 2017, i.e. two months before the Grenfell Fire. But why couldn't they have put the decision on hold until after the inquiry into the fire which, lest we forget, caused the death of 72 people?

What this highlights is how outsourcing in the neoliberal era allows councils and companies to evade proper responsibility. Only last month, Sir Martin Moore-Bick, the judge in charge of the Grenfell Inquiry, said in his report into the first phase of the fire that the aluminium composite material cladding on the outside of the tower was the 'primary cause' of the flames spreading up the building. He said the external facade failed to comply with building regulations.

Sheriff

FSB commandos descend on Islamist cells plotting COUP in Russia's largest cities

fsb raid
© RIA Novosti / FSB
From Moscow to Tatarstan and Siberia, a shady Islamist network recruited followers and stored supplies in a bid to establish a caliphate - until the FSB got them in their crosshairs. The anti-terrorism raids were caught on film.

The FSB's elite counter-terrorism teams breached flats across Moscow, Tatarstan and the Tyumen region of Siberia, targeting members of Hizb ut-Tahrir, a radical Islamist organization designated as terrorists in Russia.

A video released by the security agency shows heavily armed officers gaining entry through the doors and ordering the suspects onto the ground.

Eye 1

'Delete WhatsApp unless you're OK with surveillance,' founder of rival Telegram messenger warns

Telegram founder Pavel Durov
© (L) Global Look Press /lukomore.Org (R); Global Look Press / ZUMAPRESS.com / Andre M. Chang
Telegram founder Pavel Durov
WhatsApp is a "Trojan horse" exploited to snoop on millions of users naive enough to believe that the Facebook-owned messenger differs from its parent company, long beset by privacy scandals, Telegram founder Pavel Durov said.

In a lengthy post on his Telegram channel on Wednesday, Durov took aim at one of his brainchild's biggest rivals - WhatsApp, the world's leading messaging app, which became a Facebook subsidiary in 2014 and boasts some 1.5 billion monthly active users.
"Regardless of the underlying intentions of WhatsApp's parent company, the advice for their end-users is the same: Unless you are cool with all your photos and messages becoming public one day, you should delete WhatsApp from your phone."
The Russian-born entrepreneur pulled no punches, citing a long record of privacy-related violations by Facebook to back up his case.

Family

Karoshi: The misery of Japanese workplaces shows few signs of lifting

japan death overwork Karōshi

Japan's labor force is dangerously exhausted
Curbing death by overwork in Japan

By noon on October 12, Japan was preparing for the arrival of Hagibis, the most powerful typhoon to hit the country in decades. Public transport had been halted and commercial flights grounded, while evacuation orders blared from mobile phones as the risk of floods, landslides and deadly winds mounted.

As the danger grew, social media catalogued the complaints of workers who had been forced by their employers to brave nature's fury and turn up for work. Many of the businesses identified — coffee shops, estate agents, sushi restaurants — were not essential services.

But the testimonies rang true. Two weeks earlier, the government had published a white paper on Japan's overwork crisis that suggested progress on eliminating one of the country's most notorious workplace problems was slow.

Comment:


Yellow Vest

Police fire tear gas & water cannon as mass anti-govt protests in Colombia's capital turn violent

bogota protests
© Reuters / Luisa Gonzalez 793
Hundreds of thousands took to the streets in cities across Colombia in a mass strike against the government of President Ivan Duque. While largely peaceful, clashes with riot police broke out as some of the protests dispersed.

Sparked by general dissatisfaction with government policies, including a recent proposal to cut pensions, some 207,000 Colombians joined the massive demonstrations on Thursday, according to Interior Minister Nancy Patricia Gutierrez.

With protesters chanting anti-Duque slogans and carrying bright banners and national flags, the marches mostly took place without incident. However, as the event in Bogota came to a close, people described as "hooligans" by some witnesses initiated confrontations with police, prompting them to respond with tear gas, water cannon and billy clubs. Some of the clashes were captured on video.

A demonstration in the city of Cali that drew over 20,000 protesters also ended in minor clashes near a local university, after which the city government declared a temporary curfew.

NPC

'Tell Me Why': Microsoft's inclusivity initiative is a lazy marketing gimmick

Tell Me Why

Screenshot from 'Tell Me Why' official announcement trailer
As part of its 'Gaming is for Everyone' initiative, Microsoft and Dontnod announced 'Tell Me Why,' boasting that it is the 1st game from a major studio to ever feature a trans lead. This is due to its female-to-male protagonist.

Both companies are marketing it as hard as they can to a woke crowd that will suck it up because 'gender benders' are currently en vogue. Websites such as Mashable are already touting it as a "significant step forward" for representation. Never mind the fact that we don't yet know how well the character will be written and no gameplay has been shown.


Pirates

Ukraine detains suspected ISIS leader - second one in a week

ISIS
An elite Ukrainian police unit has apprehended a suspected 30-year-old member of the Islamic State (IS) extremist group in the Zhytomyr region west of Kyiv.

The Russian citizen was detained based on an Interpol notice related to murder and was hiding in Ukraine to evade arrest, the National Police said in a statement on November 21.

The unnamed suspect was born in the easternmost Ukrainian region of Luhansk but had lived in Russia for an extended period.

"According to reports, the detainee is a member of the terrorist radical organization Islamic State and even the leader of one of its groups," the police said.

"By ethnicity, he is Daghestani, but was born in the Luhansk region of Ukraine. He lived in Russia for a long time. He was hiding in the territory of our country in order to avoid responsibility for murder."

Comment: See our comment in this article on the guy arrested last week: What RFE/RL doesn't - and never will - say is that there's a reason ISIS has a foothold in Ukraine. They are partners of sorts with the neo-Nazis there in their war against Russia. For just a peak into this relationship, see: The rank-and-file losers in ISIS and the Bandera-inspired nazi groups may not realize it, but they have the same masters.


Bullseye

Caitlin Johnstone: Bitter, joyless told-you-sos - notes from the edge of the narrative matrix

assange arrest

Julian Assange
Real change won't come until people rise up. People won't rise up as long as they're successfully propagandized. People will remain successfully propagandized until they evolve minds which can't be manipulated. Our world will change when our relationship with narrative changes.

It only takes a rudimentary understanding of human psychology to manipulate someone. Bernays was recruited by the US government to study the science of modern propaganda in 1917. This science has been in research and development for over a century. Don't underestimate its power.

The "Epstein didn't kill himself" thing is an interesting example of a grassroots, populist narrative control campaign. By that I mean that people wanted it to remain a high-profile feature in the news, and they knew the mass media wouldn't do that for them, so they've collectively forced it into mainstream attention and held it there by sheer collaborative force of will.