Meanwhile - Back In St. Petersburg Russia - Stunningly Low Prices

TCH  |  I wouldn’t normally write a post like this, but WE ARE NOT going to find this level of ground reporting anywhere in U.S. media.   As you might be aware, I have been doing extensive research on the Russian economy specifically with the outcome of western sanctions.

In his video a Youtuber I follow visited a local supermarket, similar to a WalMart Super Center to share information for his USA followers.

Dima Dear, a remarkably nice young man, lives in St Petersburg, Russia (formerly Leningrad), and he shares various experiences with his audience at their request.  There is a lot of U.S interest as people following his story are starting to realize life in Russia is not what western media portray.

If you are familiar with USA grocery prices, what Dima shares in this ground report is stunning from a U.S. perspective.  If you watch this livestream, keep in mind that 100 rubles equals $1.00.  350 rubles is $3.50.  Additionally for weighted products 1kg equals 2.2 lbs.   So generally speaking, if something is 100 rubles/kg it is $1 for two pounds.

Example from the video:

•Lean ground beef at 329 rubles/kg is less than $1.65/lb.
•Bacon at 250 rubles/kg is less than $1.25/lb.
•20 eggs are 139 rubles or $1.39.
•Boneless skinless chicken breast $4 for 4lbs.
•Typical Bagged salad mixes .79¢ each. etc.

The wild part is that in Russia they are getting worried these prices are too high. 

The average rent for a nicely furnished 2-bedroom modern apartment in St Pete Russia is around $500/month.  Something akin to downtown Manhattan. Including rent, utilities, food, transportation, personal items and purchases, a Russian citizen can live very comfortably, remarkably comfortably, on an income of around $1,200 to $1,500/month.  In downtown St Pete which is considered a more expensive place to live.

Put that into a USA middle-class perspective and evaluate the impact of western sanctions against the average Russian cost of living.

100 rubles = $1.00

Fiona Hill: Coming Around To The Realization She Got Played For A Fool?

err.ee  |  "Whataboutism" is not just a feature of Russian rhetoric. The U.S. invasion of Iraq universally undercut U.S. credibility and continues to do so. For many critics of the United States, Iraq was the most recent in a series of American sins stretching back to Vietnam and the precursor of current events. Even though a tiny handful of states have sided with Russia in successive UN resolutions in the General Assembly, significant abstentions, including by China and India, signal displeasure with the United States. As a result, the vital twin tasks of restoring the prohibition against war and the use of force as the critical cornerstone of the United Nations and international system, and of defending Ukraine's sovereignty and territorial integrity, get lost in a morass of skepticism and suspicions about the United States. 

In the so-called "Global South," and what I am loosely referring to as the "Rest" (of the world), there is no sense of the U.S. as a virtuous state. Perceptions of American hubris and hypocrisy are widespread. Trust in the international system(s) that the U.S. helped invent and has presided over since World War II is long gone.  Elites and populations in many of these countries believe that the system was imposed on them at a time of weakness when they were only just securing their independence. Even if elites and populations have generally benefitted from pax Americana, they believe the United States and its bloc of countries in the collective West have benefitted far more. For them, this war is about protecting the West's benefits and hegemony, not defending Ukraine. 

Russian false narratives about its invasion of Ukraine and about the U.S. resonate and take root globally because they fall on this fertile soil. Russia's disinformation seems more like information—it comports with "the facts" as others seem them. Non-Western elites share the same belief as some Western analysts that Russia was provoked or pushed into war by the United States and NATO expansion. They resent the power of the U.S. dollar and Washington's frequent punitive use of financial sanctions. They were not consulted by the U.S. on this round of sanctions against Russia. They see Western sanctions constraining their energy and food supplies and pushing up prices. They blame Russia's Black Sea blockade and deliberate disruption of global grain exports on the United States—not on the actual perpetrator, Vladimir Putin. They point out that no-one pushed to sanction the United States when it invaded Afghanistan and then Iraq, even though they were opposed to U.S. intervention, so why should they step up now?

Countries in the Global South's resistance to U.S. and European appeals for solidarity on Ukraine are an open rebellion. This is a mutiny against what they see as the collective West dominating the international discourse and foisting its problems on everyone else, while brushing aside their priorities on climate change compensation, economic development, and debt relief. The Rest feel constantly marginalized in world affairs. Why in fact are they labeled (as I am reflecting here in this speech) the "Global South," having previously been called the Third World or the Developing World? Why are they even the "Rest" of the world? They are the world, representing 6.5 billion people. Our terminology reeks of colonialism.

The Cold War era non-aligned movement has reemerged if it ever went away. At present, this is less a cohesive movement than a desire for distance, to be left out of the European mess around Ukraine. But it is also a very clear negative reaction to the American propensity for defining the global order and forcing countries to take sides.  As one Indian interlocutor recently exclaimed about Ukraine: "this is your conflict! … We have other pressing matters, our own issues … We are in our own lands on our own sides … Where are you when things go wrong for us?"

Most countries—including many in Europe—reject the current U.S. framing of a new "Great Power Competition"—a geopolitical tug-of-war between the United States and China. States and elites bristle at the U.S. idea that "you are either with us or against us," or you are "on the right or wrong side of history" in an epic struggle of democracies versus autocracies. Few outside Europe accept this definition of the war in Ukraine or the geopolitical stakes. They don't want to be assigned to new blocs that are artificially imposed, and no-one wants to be caught in a titanic clash between the United States and China. In contrast to the U.S., as well as others like Japan, South Korea and India, most countries do not see China as a direct military or security threat. They may have serious qualms about China's rough economic and political behavior and its blatant abuse of human rights, but they still see China's value as a trading and investment partner for their future development. The United States and the European Union don't offer sufficient alternatives for countries to turn away from China, including in the security realm—and even within Europe the sense of how much is at stake for individual countries in the larger international system and in relations with China varies.

Outside Europe, the interest in new regional orders is more pronounced. In this context, the BRICS—which, for its members offers an alternative to the G7 and the G20—is now attractive to others. Nineteen countries, including Saudi Arabia and Iran, purportedly showed interested in joining the organization ahead of its recent April 2023 summit. Countries see the BRICS (and other similar entities like the Shanghai Cooperation Organization or SCO) as offering flexible diplomatic arrangements and possible new strategic alliances as well as different trade opportunities beyond the United States and Europe. BRICS members and aspirants, however, have very disparate interests. We need to consider these as we look ahead to finding a resolution to the war in Ukraine and as we consider the kinds of structures and networks we will have to deal with in the future.

I am going to run through some of the factors that are most relevant to thinking about Ukraine in the BRICS context.

Not Big Lots!! EBT/SNAP Cuts Fitna Hurt One Of My Favorite Stores...,

businessinsider |  Discount chains like Dollar General and Big Lots are warning that cuts to food stamps and lower-than-usual tax refunds this year could start hurting sales. 

This month, 32 states ended the federal increase to food stamps, known as SNAP benefits, that began during the early weeks of the pandemic. At the same time, certain beefed-up tax credits are no longer available, which means many taxpayers are preparing for smaller tax refunds this year. 

Both changes are the result of a wind-down of pandemic-era policies, and it's the combination of factors that has retailers worried — they're coming at a time when inflation has kept prices for everyday goods unusually high, straining the budgets of lower-income consumers in particular. 

Now, the retailers that serve those consumers are preparing for a possible slowdown in spending. 

"In particular, we remain concerned about the lower-income customer, our core customer," Michael O'Sullivan, CEO of off-price department store Burlington, said during a call with investors this month. "In 2022, this customer group bore the brunt of the impact of inflation on real household incomes. We think the impact of inflation will moderate this year, but there are other factors that could hurt this customer, such as a rise in unemployment and the ending of expanded SNAP benefits." 

At value chain Big Lots, where nearly 80% of shoppers have a household income under $100,000, "customers are pinched," CEO Bruce Thorn said during a recent investor call.

"At this point, 30% of that lower household income customer, their expenses today are greater than their income coming in. And 70% of them have curbed spending as a result of that," he said. 

Thorn estimated that the tax refunds, though arriving earlier this year, are about 10% to 15% lower than last year, and when combined with the reduced SNAP benefits, it "further deteriorates lower household income spend." Those shoppers, he said, are "going through a tough time right now." 

 

Biden Administration Effectively Nationalized The American Banking System

market-ticker  |  Next up - Republic, which apparently had lines out the door (if you believe the Internet) on Saturday.  Again: So what?

Folks, bubbles attract stupidity.  Stupidity is a constant in the universe; in fact it is likely the only thing that is truly infinite (with all due respect to the late Mr. Einstein.)

The so-called "Chief Risk Officer" at SVB had a masters in..... public administration.  Anyone care to bet if she passed any form of advanced mathematics -- you know, like for example Calculus or Statistics?  Do you think she understood exponents and why this graph made clear that concentration of risk and duration was stupid and likely to blow up in everyone's face -- including hers?

How about Bill Ackman and the others on the Internet screaming for a bailout?  How about the CFOs of public companies like Roku that stuck several hundred million dollars in said bank?  Was it not widespread public knowledge (and available to anyone who took 15 minutes to do research, which you'd think someone would do before putting a hundred million bucks somewhere) that this institution was chock-full of VC-funded startup companies which, historically fail 90% of the time and their debt becomes impaired or even worthless?

Where are the indictments for fiduciary malfeasance among these people?

It takes a literal five minutes with Excel to prove to yourself that if debt is rising faster than GDP no matter the interest rate eventually the interest payments on that debt will exceed all of the economy.  This of course is impossible because you cannot use over 100% of anything as its not there, but long before you reach that point you're going to have trouble putting food on the table, fuel in the vehicle and paychecks are going to bounce.  It was for this reason that one of the first sections in my book Leverage, written after the 2008 blowup which I chronicled and laid bare upon the table featured exactly this chart.

The last bit of insanity was just 15 years ago by my math.  Did we fix it?  No.  What was featured in the stupidity of 2008?  Allowing banks to run with no reserves.  Who did that?  Ben Bernanke, who got it into the TARP bill that eventually passed and which I reported on at the time.  It accelerated that which was already going to happen because Congress is full of people who think trees grow to the moon, leverage is never bad and exponents are a suggestion.

Oh by the way, your local Realtor thinks so to as does, apparently, the former SVB "risk officer" who, it is clear, didn't understand exponents -- or didn't care.

The simple reality is that it must always cost to borrow money in real terms.  This means the rate of interest must be positive in said real terms, which means across the curve rates must be higher than inflation -- again, in real terms, not in "CPI" which has intentional distortions in it such as "Owner's Equivalent Rent" when you're not renting a house, you're buying it.  Had said "CPI" actually had home prices in it then it would have shown a doubling in many markets in that section of the economy over the last three years.

In other words housing alone would have resulted in a roughly 10% per year inflation rate, plus all the other increases, which means the Fed Funds rate should have been 300bips or so beyond that all the way back to 2020 -- which would put Fed Funds at about 13% for the last three years.

It isn't of course but if it had been then all those "housing price increases" would not have happened at all.  Incidentally even today the Fed Funds rate is below inflation and thus the crazy is still on.

It's a bit less on however, and now you see what happens when even though they're still nuts being slightly "less" nuts means that these firms are no longer capable of operating without the wild-eyed crazy; even a slight reduction of the heroin dose caused them to fail.

Never mind the wild-eyed poor choices of executives (who signed off on all of this?) at SVB which the regulators all knew about and ignored.  The CEO?  A director of the San Francisco Federal Reserve.  Why don't you look up a few of the other "chief" positions and what they used to do.  Bring a barf bag.  No, really.

And what did Forbes think of all this?  Why it was good for five straight years of SVB being rated one of their BEST BANKS!

Negative real rates are never sustainable.  The insidious nature of that nonsense is that it extends duration in pre-payable debt, specifically mortgages.  Mortgages have had a roughly 7 year duration forever, despite most of them being 30 year paper nominally because people move for other than necessity reasons (e.g. "I want a bigger house", "I want to live here rather than there" and so on.)  A huge percentage of said paper was issued at 3% and now is double that or more.  Since a mortgage is not transportable (when you sell the house you extinguish the old one and take a new one) and changing that retroactively would be both wildly illegal and ruin everyone holding said paper you can't retroactively patch the issue -- which is that now nobody with a 3% mortgage is going to prepay it and move unless they have to and so the duration is extending and will continue for the next couple of decades.  This in turn means if you have a 3% mortgage bond, the new ones are 7% and there's 10 years left on the reasonable expectation of its life you're now going to have to discount the face value by the difference in interest rate times the remaining duration or I won't buy it since I can buy the new one at the higher rate!  This is not a surprise and that it would happen and accelerate was known as soon as inflation started to rise and thus force The Fed to withdraw liquidity.  The Fed cannot stop because inflation is a compound function and at the point it forces necessities to be foregone the economy collapses and, if continued beyond that point THE GOVERNMENT collapses because tax revenue wildly drops as well.  The only sound accounting move at that moment in time as a holder of said paper was to dispose of the duration or immediately discount the value of that paper to the terminal rate's presumption and adjust as required on a monthly basis.

Nobody did this yet to not do it is fraud as these are not only expected outcomes they're certain.

Where was the OCC on this that is supposed to prevent such mismatches from impairing bank capital?  How about The Fed itself, or the FDIC?  The San Francisco Fed was obviously polluted as the CEO was on their board (until he was quietly removed on Friday) but isn't it interesting that all these people who were intimately involved in firms that blew up in 2008 were concentrated in one place in executive officers with direct fiduciary responsibility?

And isn't it further quite-interesting that all the screaming you're hearing right now is about how "terrible" it will be that "climate change" related firms will be unable to make payroll and the new upcoming VC-funded startups won't because their favorite conduit has been disrupted?  What's that about -- the entire premise of these firms requires them to not only force their startups to bank in specific places with large amounts of money (since they don't earn anything they have to have access to and consume tens of millions or more a year) but cash management, you know, putting all of it other than what you need to make payroll next week in 4 week bills is too much to ask?

There's a rumor floating around (peddled by Bloomberg) that over one hundred venture and investment firms, including Sequoia, have signed a statement supporting SVB and warning of an "extinction-level event" for tech firms.  Really?  Extinction for technology or extinction for cash-furnace nonsense funded by negative real interest rates which make all manner of uneconomic things look good but require ever-expanding, exponentially-so, levels of debt issuance?

Again, that is not possible on a durable basis and once again the reason why is trivially discernable with 5 minutes and an Excel spreadsheet and graph.  It takes about an hour to do it manually using graph paper, a basic 4-function calculator or the capacity to perform basic multiplication on said paper and a pencil.

Everywhere You Look U.S. Foreigner Policy Infested By Name-Stealers....,

theatlantic |   “In the past two years, democracies have become stronger, not weaker. Autocracies have grown weaker, not stronger.” So President Joe Biden declared in his 2023 State of the Union address. His proud words fall short of the truth in at least one place. Unfortunately, that place is right next door: Mexico.

Mexico’s erratic and authoritarian president, Andrés Manuel López Obrador, is scheming to end the country’s quarter-century commitment to multiparty liberal democracy. He is subverting the institutions that have upheld Mexico’s democratic achievement—above all, the country’s admired and independent elections system. On López Obrador’s present trajectory, the Mexican federal elections scheduled for the summer of 2024 may be less than free and far from fair.

Mexico is already bloodied by disorder and violence. The country records more than 30,000 homicides a year, which is about triple the murder rate of the United States. Of those homicides, only about 2 percent are effectively prosecuted, according to a recent report from the Brookings Institution (in the U.S., roughly half of all murder cases are solved).

Americans talk a lot about “the border,” as if to wall themselves off from events on the other side. But Mexico and the United States are joined by geography and demography. People, products, and capital flow back and forth on a huge scale, in ways both legal and clandestine. Mexico exports car and machine parts at prices that keep North American manufacturing competitive. It also sends over people who build American homes, grow American food, and drive American trucks. America, in turn, exports farm products, finished goods, technology, and entertainment.

Each country also shares its troubles with the other. Drugs flow north because Americans buy them. Guns flow south because Americans sell them. If López Obrador succeeds in manipulating the next elections in his party’s favor, he will do more damage to the legitimacy of the Mexican government and open even more space for criminal cartels to assert their power.

We are already getting glimpses of what such a future might look like. Days before President Biden and Canadian Prime Minister Justin Trudeau arrived in Mexico City for a trilateral summit with López Obrador in early January, cartel criminals assaulted the Culiacán airport, one of the 10 largest in Mexico. They opened fire on military and civilian planes, some still in the air. Bullets pierced a civilian plane, wounding a passenger. The criminals also attacked targets in the city of Culiacán, the capital of the state of Sinaloa.

By the end of the day, a total of 10 soldiers were dead, along with 19 suspected cartel members. Another 52 police and soldiers were wounded, as were an undetermined number of civilians.

The violence was sparked when, earlier in the day, Mexican troops had arrested one of Mexico’s most-wanted men, Ovidio Guzmán López, the son of the notorious cartel boss known as “El Chapo.” The criminals apparently hoped that by shutting down the airport, they could prevent the authorities from flying Guzmán López out of the state—and ultimately causing him to face a U.S. arrest warrant.

The criminals failed. But the point is: They dared to try. If the Mexican state decays further, the criminals will dare more.

President Vladimir Vladimirovich Putin Addresses The Russian Federal Assembly

kremlin  |  President of Russia Vladimir Putin: Good afternoon,

Members of the Federation Assembly – senators, State Duma deputies,

Citizens of Russia,

This Presidential Address comes, as we all know, at a difficult, watershed period for our country. This is a time of radical, irreversible change in the entire world, of crucial historical events that will determine the future of our country and our people, a time when every one of us bears a colossal responsibility.

One year ago, to protect the people in our historical lands, to ensure the security of our country and to eliminate the threat coming from the neo-Nazi regime that had taken hold in Ukraine after the 2014 coup, it was decided to begin the special military operation. Step by step, carefully and consistently we will deal with the tasks we have at hand.

Since 2014, Donbass has been fighting for the right to live in their land and to speak their native tongue. It fought and never gave up amid the blockade, constant shelling and the Kiev regime’s overt hatred. It hoped and waited that Russia would come to help.

In the meantime, as you know well, we were doing everything in our power to solve this problem by peaceful means, and patiently conducted talks on a peaceful solution to this devastating conflict.

This appalling method of deception has been tried and tested many times before. They behaved just as shamelessly and duplicitously when destroying Yugoslavia, Iraq, Libya, and Syria. They will never be able to wash off this shame. The concepts of honour, trust, and decency are not for them.

Over the long centuries of colonialism, diktat and hegemony, they got used to being allowed everything, got used to spitting on the whole world. It turned out that they treat people living in their own countries with the same disdain, like a master. After all, they cynically deceived them too, tricked them with tall stories about the search for peace, about adherence to the UN Security Council resolutions on Donbass. Indeed, the Western elites have become a symbol of total, unprincipled lies.

We firmly defend our interests as well as our belief that in today’s world there should be no division into so-called civilised countries and all the rest and that there is a need for an honest partnership that rejects any exclusivity, especially an aggressive one.

We were open and sincerely ready for a constructive dialogue with the West; we said and insisted that both Europe and the whole world needed an indivisible security system equal for all countries, and for many years we suggested that our partners discuss this idea together and work on its implementation. But in response, we received either an indistinct or hypocritical reaction, as far as words were concerned. But there were also actions: NATO’s expansion to our borders, the creation of new deployment areas for missile defence in Europe and Asia – they decided to take cover from us under an ‘umbrella’ – deployment of military contingents, and not just near Russia’s borders.

I would like to stress –in fact, this is well-known – that no other country has so many military bases abroad as the United States. There are hundreds of them – I want to emphasise this – hundreds of bases all over the world; the planet is covered with them, and one look at the map is enough to see this.

The whole world witnessed how they withdrew from fundamental agreements on weapons, including the treaty on intermediate and shorter-range missiles, unilaterally tearing up the fundamental agreements that maintain world peace. For some reason, they did it. They do not do anything without a reason, as we know.

Finally, in December 2021, we officially submitted draft agreements on security guarantees to the USA and NATO. In essence, all key, fundamental points were rejected. After that it finally became clear that the go-ahead for the implementation of aggressive plans had been given and they were not going to stop.

The threat was growing by the day. Judging by the information we received, there was no doubt that everything would be in place by February 2022 for launching yet another bloody punitive operation in Donbass. Let me remind you that back in 2014, the Kiev regime sent its artillery, tanks and warplanes to fight in Donbass.

NAFTA Devastated Mexico's Rural Sector And Increased Mexican Poverty

citizen |  The North American Free Trade Agreement (NAFTA) was sold to the people of all three countries with grand promises. Mexicans were promised NAFTA would raise their wages and bring Mexicans’ standards of living closer to the United States and Canada. Instead, after 25 years, real wages in Mexico are down from already low pre-NAFTA wages, two million Mexicans engaged in farming lost their livelihoods and lands, tens of thousands of small businesses have gone bankrupt as American big-box retailers moved in, and poverty remains widespread. And, Mexican taxpayers have paid foreign investors more than $204 million in compensation following Investor-State Dispute Settlement attacks.

Prior to NAFTA, 21.4 percent of Mexico’s population earned less than the minimum income needed for food, a share that has barely budged in the 25 years since NAFTA’s implementation. Today, over half of the Mexican population and over 60 percent of the rural population still fall below the poverty line, contrary to the promises made by NAFTA’s proponents. On the 10-year anniversary of NAFTA, the Washington Post reported: “19 million more Mexicans are living in poverty than 20 years ago, according to the Mexican government and international organizations.”

Before NAFTA, Mexico only imported corn and other basic food commodities if local production did not meet domestic needs. NAFTA eliminated Mexican tariffs on corn and other commodities. NAFTA terms also required revocation of programs supporting small farmers. But NAFTA did not discipline U.S. subsidies on agriculture. The result was disastrous for millions of people in the Mexican countryside whose livelihoods relied on agriculture. Amid a NAFTA-spurred influx of cheap U.S. corn, the price paid to Mexican farmers for the corn that they grew fell by 66 percent, forcing many to abandon farming. From 1991 to 2007, about 2 million Mexicans engaged in farming and related work lost their livelihoods. Mexico’s participation in NAFTA was conditioned on changing its revolutionary-era Constitution’s land reforms, undoing provisions that guaranteed small plots (“ejidos”) to millions of Mexicans living in rural villages. As corn prices plummeted, indebted farmers lost their land, which newly could be acquired by foreign firms that consolidated prime acres into large plantations.

According to a New Republic exposé: “as cheap American foodstuffs flooded Mexico’s markets and as U.S. agribusiness moved in, 1.1 million small farmers – and 1.4 million other Mexicans dependent upon the farm sector – were driven out of work between 1993 and 2005. Wages dropped so precipitously that today the income of a farm laborer is one-third that of what it was before NAFTA.” The exposé noted that, as jobs and wages fell, many rural Mexicans joined the ranks of the 12 million undocumented immigrants competing for low-wage jobs in the United States.

Does Any Rational American Care What Zombie J. Puppet Prattles About....?

Guardian |   Millions of Americans are currently working two or more jobs in order to make ends meet, as global inflation and corporations jacking up prices have sent prices of food, gas, housing, health insurance and other necessities soaring in the past year.

Cashe Lewis, 31, of Denver, Colorado works two jobs and is currently trying to find a third job to cover the recent $200 monthly rent increase to her apartment. She works days as a barista at Starbucks, but claims it’s been difficult to get enough hours even with taking extra shifts whenever she can due to scheduling cuts as part of the crackdown on union organizing by management.

At night she works at a convenience store because the hours are reliable, and works six days a week, often 16 hours a day.

“I’m exhausted all the time,” said Lewis. “On the one day I have off a week, I donate plasma for extra money. I’m literally selling my blood to eat because I have no choice.”

Her partner suffers from epilepsy and can’t work full-time hours because of it. Even with insurance, their medication is expensive and she spends about half of a two-week paycheck at Starbucks to cover the health insurance premiums.

Over the past five years, she has struggled with homelessness, and was previously fired from her job for sleeping in her car behind her place of employment.

“All of my friends and family work multiple jobs as well, just trying to keep our heads above water. Nothing is affordable and the roadblocks set up to keep people in the cycle of poverty benefit the most wealthy members of our society,” added Lewis. “We aren’t living, we’re barely surviving and we have no choice but to keep doing it.”

More Americans have been working two or more jobs over the past few decades, according to data from the US census, with women more likely than men to have multiple jobs and multiple jobholders most prevalent among low-wage workers.

Laura Richwine of Omaha, Nebraska, works two jobs, one in fraud prevention and the other doing administrative work, and had previously been working three jobs to keep up with hefty medical bills she’s been facing since being hit by a car in 2014.

“It’s rough and I barely have any energy to keep up with much else,” said Richwine. “I’ve got a bachelor’s degree and have been working for over 10 years, but up until this year I had never had a job that paid more than $15 an hour. Many places around me still only offer Nebraska minimum wage, which is $9 an hour. You can hardly even buy food with that amount.”

Based on data from the Bureau of Labor Statistics, more than 400,000 Americans work two full-time jobs. In September 2022, 4.9% of all the more than 164 million US workers held two or more job positions, over 7.7 million workers.

Though US census data estimates these rates and numbers to be much higher, at 7.8% in the most recent year where data is available, 2018, about 13 million workers, while BLS data at the time estimated 5.0% of the workforce holding multiple jobs.

Both data sets are considered an underestimate of the number of multiple jobholders in the US labor market due to constrictions on what is defined as a multiple jobholder and the lack of data on self-employment, such as gig workers.

NATO Zionist Neocon Cabal Can't Afford To Lose Both Kabul And Kiev

unz  |  Let’s start with Pipelineistan. Nearly seven years ago, I showed how Syria was the ultimate Pipelineistan war.

Damascus had rejected the – American – plan for a Qatar-Turkey gas pipeline, to the benefit of Iran-Iraq-Syria (for which a memorandum of understanding was signed).

What followed was a vicious, concerted “Assad must go” campaign: proxy war as the road to regime change. The toxic dial went exponentially up with the instrumentalization of ISIS – yet another chapter of the war of terror (italics mine). Russia blocked ISIS, thus preventing regime change in Damascus. The Empire of Chaos-favored pipeline bit the dust.

Now the Empire finally exacted payback, blowing up existing pipelines – Nord Stream (NS) and Nord Steam 2 (NS2) – carrying or about to carry Russian gas to a key imperial economic competitor: the EU.

We all know by now that Line B of NS2 has not been bombed, or even punctured, and it’s ready to go. Repairing the other three – punctured – lines would not be a problem: a matter of two months, according to naval engineers. Steel on the Nord Streams is thicker than on modern ships. Gazprom has offered to repair them – as long as Europeans behave like grown-ups and accept strict security conditions.

We all know that’s not going to happen. None of the above is discussed across NATOsan media. That means that Plan A by the usual suspects remains in place: creating a contrived natural gas shortage, leading to the de-industrialization of Europe, all part of the Great Reset, rebranded “The Great Narrative”.

Meanwhile, the EU Muppet Show is discussing the ninth sanction package against Russia. Sweden refuses to share with Russia the results of the dodgy intra-NATO “investigation” of itself on who blew up the Nord Streams.

At Russian Energy Week, President Putin summarized the stark facts.

Europe blames Russia for the reliability of its energy supplies even though it was receiving the entire volume it bought under fixed contracts.

The “orchestrators of the Nord Stream terrorist attacks are those who profit from them”.

Repairing Nord Stream strings “would only make sense in the event of continued operation and security”.

Buying gas on the spot market will cause a €300 billion loss for Europe.

The rise in energy prices is not due to the Special Military Operation (SMO), but to the West’s own policies.

Yet the Dead Can Dance show must go on. As the EU forbids itself to buy Russian energy, the Brussels Eurocracy skyrockets their debt to the financial casino. The imperial masters laugh all the way to the bank with this form of collectivism – as they continue to profit from using financial markets to pillage and plunder whole nations.

Which bring us to the clincher: the Straussian/neo-con psychos controlling Washington’s foreign policy eventually might – and the operative word is “might” – stop weaponizing Kiev and start negotiations with Moscow only after their main industrial competitors in Europe go bankrupt.

But even that would not be enough – because one of NATO’s key “invisible” mandates is to capitalize, whatever means necessary, on food resources across the Pontic-Caspian steppe: we’re talking about 1 million km2 of food production from Bulgaria all the way to Russia.

Andrei Martyanov: Now We Turn Our Attention To A Serious Russian

americanaffairsjournal  |  The book really comes into its own in the long sections on the American economy. These chapters seem especially prescient after Western sanc­tions against Russia failed to stop the invasion or decisively cripple the Russian economy, while causing increasing strains in the West. In a word, Martyanov views American prosperity as largely fake, a shiny wrapping distracting from an increasingly hollow interior.

Martyanov, reflecting his Soviet materialist education, starts by discussing the food supply. He recalls the limited food options available in the old Soviet Union and how impressed émigrés were by the “over­flowing abundance” of the American convenience store. But Martyanov notes that today such abundance is only the preserve of the rich and powerful. He references a 2020 study by the Brookings Institution which found that “40.9 percent of mothers with children ages 12 and under reported household food insecurity since the onset of the Covid-19 pandemic.” And while some of this was driven by the pandemic, the number was 15.1 percent in 2018. Martyanov makes the case that these numbers reflect an economy that is poorly organized and teetering on the edge. In the summer of 2022, when the food component of the CPI is increasing at over 10 percent a year and rising fast, Martyanov’s chapter looks prophetic.

Martyanov then moves on to other consumer goods. He recalls the so-called kitchen debate in 1959 when Vice President Richard Nixon showed Soviet premier Nikita Khrushchev a modern American kitchen. During this debate, Nixon explained to Khrushchev that the house they were in, with all its modern luxuries, could be bought by “any steel worker.” Nixon explained that the average American steel worker earned about $3 an hour—or $480 per month—and that the house could be obtained on a thirty-year mortgage for the cost of $100 a month. Martyanov points out that this is impossible in the contemporary American economy. As vital goods have become less and less affordable for the average American, debt of all types has exploded. He notes that the flip side of this growing debt has been a decline in domestic indus­trial production, which has been stagnant in nominal terms and falling as a percent of U.S. GDP since 2008. “The scale of this catastrophe is not understood,” he writes, “until one considers the fact that a single manufacturing job on average generates 3.4 employees elsewhere in non-manufacturing sectors.”

Needless to say, Martyanov does not believe that America has the most powerful economy on earth. Deploying his old school materialist toolkit, he surveys core heavy industries—including the automotive industry, the commercial shipbuilding industry, and later the aerospace industry—and finds U.S. capacity wanting. He points out that in steel production “China outproduces the United States by a factor of 11, while Russia, which has a population less than half the size of that of the United States, produces around 81% of US steel output.”

Martyanov is particularly critical of GDP metrics as a basis for determining the wealth of a country or the power of its economy, because they assign spending on services the same weight as spending on primary products and manufactured goods. He believes that the postindustrial economy is a “figment of the imagination of Wall Street financial strategists” and that GDP metrics merely provide America with a fig leaf to cover its economic weaknesses. In a separate podcast that Martyanov posted to his YouTube channel, he explains why these metrics are particularly misleading from the point of view of military production. He compares the U.S. Navy’s Virginia-class fast-attack sub­marine and the Russian Yasen-class equivalent. He argues that these are comparable in terms of their platform capabilities, but that the Yasen-class has superior armaments. Crucially, however, he notes that the cost of a Virginia-class submarine is around $3.2 billion while the cost of the Yasen-class submarine is only around $1 billion. Since GDP measures quantify economic output (including military output) in dollar terms, it would appear that, when it comes to submarine output, Russia is pro­ducing less than a third of what it is actually producing. Using a purchasing-power-parity-adjusted measure might help somewhat here, but it would still not capture the extra bang for their buck that the Russians are getting.

A few years ago, it would have been fashionable to dismiss this sort of materialist analysis as old fashioned. Pundits argued that the growing weight of the service sector in the American economy was a good thing, not a bad thing, a sign of progress, not decline. But today, with supply chains collapsing and inflation raging, these fashionable arguments look more and more like self-serving bromides every day.

Next, Martyanov looks at energy. While many American pundits believed that the emergence of fracking technology would make Russian oil and gas less and less important, Martyanov views the shale oil boom as “a story of technology winning over common economic sense.” He believes that America’s shale boom was a speculative mania driven by vague promises and cheap credit. He quotes the financial analyst David Deckelbaum, who noted that “This is an industry that for every dollar that they brought in, they would spend two.” Ultimately, Martyanov argues, the U.S. shale industry is a paper tiger whose viability is heavily dependent on high oil prices.

Martyanov is even more critical of “green energy,” which he views as a self-destructive set of policies that will destroy the energy independence of all countries that pursue them. He also points out that China, Russia, and most non-Western nations know this and, despite lip service to fashionable green causes, avoid these policies.

Finally, Martyanov returns to the collapse of America’s ability to make things. He recites the now familiar numbers about falling manu­facturing output and an increased reliance on imports from abroad. But he also points to the collapse in manufacturing expertise. Martyanov cites statistics showing that, on a per capita basis, Russia produces twice as many STEM graduates as America. He attributes this to a change in elite attitudes. STEM subjects are difficult and require serious intellectual exertion. They often yield jobs on factory floors that are not particularly glamorous. “In contemporary American culture domi­nated by poor taste and low quality ideological, agenda-driven art and entertainment, being a fashion designer or a disc jockey or a psychologist is by far a more attractive career goal,” he writes, “especially for America’s urban and college population, than foreseeing oneself on the manufacturing floor working as a CNC operator or mechanic on the assembly line.”

Rotting from the Head Down

Martyanov’s economic analysis may reflect his Soviet materialist education, but ultimately, he views America’s core problem as being a crisis of leadership. He traces this problem back to the election of Bill Clinton in 1993. Martyanov argues that Clinton represented a new type of American leader: an extreme meritocrat. These new meritocrats believed their personal capacities gave them the ability to do anything imaginable. This megalomaniacal tendency, Martyanov observes, has been latent in the American project since the founding. “Everything American,” he writes, “must be the largest, the fastest, the most efficient or, in general, simply the best.” Yet this character trait has not dominated the personality of either the American people or their leaders, he says. Rather, the Ameri­can people remain today “very nice folks” that “are generally patriotic and have common sense and a good sense of humour.” Yet in recent times, he argues, something has happened in American elite circles that has let the more grandiose and delusional side of the American psyche run amok, and this has happened at the very time when America is most in need of good leadership.

Martyanov believes that America’s extreme meritocrats vastly over­estimate their capabilities. This is because, rather than focusing on the strengths and weaknesses of the country they rule, they have been taught since birth to focus on themselves. They believe that they just need to maximize their own personal accomplishments and the good of the country will emerge as if by magic. This has led inevitably to the rise of what Martyanov characterizes as a classic oligarchy. Such an oligarchy, he argues, purports to be meritocratic but is actually the opposite. A proper meritocracy allows the best and the brightest to climb up its ranks. But an oligarchy with a meritocratic veneer simply allows those who best play the game to rise. Thus, the meritocratic claims become circular: you climb the ladder because you play the game; the game is meritocratic because those who play it are by definition the best and the brightest. Effectively, for Martyanov, the American elite does not select for intelligence and wisdom, but rather for self-assured­ness and self-interestedness.

Predatory Capitalists Raiding The U.S. Strategic Petroleum Reserves

The Biden administration has depleted the strategic reserve to levels not seen since the 1970s, and lifted exports permitted by Obama for the first time since Carter banned them, in an attempt to limit the rise in US gasoline and natural gas prices before the mid-term elections. Unfortunately, the oil companies have taken the reserves, refined them, and exported most of the resulting fuel, as this allowed them to increase their profits far above their normal larceny. Then, the administration has already committed to replace the reserves at market and given that the oil companies control the fuel price, we know that this will be at the highest price ever achieved in history. In this way, our politicians continue to enable their owners to make out like the looters they are, as usual, at public expense.

schiffgold |  Even as the August inflation data was coming out higher than expected, President Joe Biden was bragging about his “Inflation Reduction Act.” Peter Schiff appeared on NewsMax and argued that the president is putting Americans at risk just so he can improve his image as we approach election time.

Peter pointed out that one reason energy prices have come down is because the Biden administration dumped millions of barrels of oil from the strategic reserve into the market.

That’s not going to last. And if you look below the surface, we’re seeing an acceleration in food prices, in shelter, in health care — so, everything is really going up. We just have one thing right now that’s pulled back. But of course, energy prices are still up dramatically from where they were a year ago. So, the inflation tax is falling even more heavy on middle-class Americans now than it was a few months ago.”

Peter said the “Inflation Reduction Act” is inappropriately named. It should be called “The Inflation Acceleration Act.”

That is going to have consequences next year in helping push that inflation rate even higher than the inflation from 2022.”

As far as the strategic oil reserve goes, now Biden will have to refill it at a much higher price. Peter said he doesn’t think they’ll refill it at all.

I think more likely, they’re going to deplete the reserve until it’s empty. And then what are we going to do? Then we’ll have no oil to sell. And what if we have an actual emergency, and we have shortages? We won’t have any strategic reserve to fall back on.”

Peter reminded the audience that inflation is even worse than advertised because the CPI formula is rigged.

You really have to double the CPI to get the actual increase in prices that Americans are experiencing. Take one example, which is shelter, which I think rose about 6.1%, which really was the highest, I think, since the 1980s. If you look at the real cost of housing, … medium home prices are up 30% and mortgage rates have gone from 3.1 to 6.1. So, the cost of buying a home and paying a mortgage in the last two years is up by 84%. … And of course, rents are skyrocketing too. And so, what the government claims as the increase in the cost of shelter is just a small fraction of what Americans are actually paying for shelter.”

The anchor pointed out that interest rates need to rise above the CPI in order to tame inflation. Meanwhile, we’re already technically in a recession. Peter agreed we are in a recession, as much as the Biden administration and others, including the Fed, try to deny it.

We’ve already had two quarters of falling GDP. We’re about to have a third, because I think this quarter is going to be another negative quarter. And I think the fourth quarter will also be negative.”

And Peter said the anchor was also correct in asserting rates need to go much higher to tackle inflation.

 

Following Last Week's SCO - Valodya Answered Journalist's Kwestins

 en.kremlin.ru  |  President of Russia Vladimir Putin: Good evening,

I am listening.

Question: Now that the SCO summit is over, summing it up, can you tell us how you regard the SCO’s development prospects and what the most important thing is for Russia in the SCO?

Vladimir Putin: The most important thing always and everywhere is economic development. And the SCO, cooperation with the SCO countries, creates conditions for the development of the Russian economy, and thus for the social sphere and for resolving the tasks related to improving the living standards of our citizens.

The Shanghai Cooperation Organisation includes countries whose population, as has been said many times, comprises almost or even slightly more than half of humanity. It is 25 percent of world GDP. And, most importantly, the national economies in the region, those of the SCO member states, are developing much faster than others in the world.

Now we had a separate meeting. I sat next to the Prime Minister of India at the working dinner. India’s GDP grew by 7 percent, China’s by more than 5 percent. China was in the lead for quite a time and its potential is tremendous. Our trade with these countries is growing fast. If these rates are preserved, and they are bound to be for many objective reasons, we will be one of these countries, next to them, ensuring our interests. This is what we are doing and this is the main point.

Question: This question is certainly worrying very many people in our country. People have already developed certain concerns over the course of the special military operation in Ukraine. We are increasingly seeing strikes, raids and acts of terror even on Russian territory. We are hearing all the time very aggressive statements that the final goal of Kiev and the West is Russia’s disintegration. Meanwhile, many think that Russia’s response to all of this is very restrained. Why is that?

Vladimir Putin: There is nothing new about this. Frankly, I find it even a bit strange to hear your question because Western countries have cultivated the idea of the collapse of the Soviet Union and historical Russia and Russia as such, its nucleus.

I have already cited these statements and studies by some figures in Great Britain during World War I and after it. I cited excerpts from Mr Brzezinski’s writings in which he divided the entire territory of our country into specific parts. True, later he changed his position a bit in the belief that it was better to keep Russia in opposition to China and use it as a tool to combat China. It will never happen. Let them address their own challenges as they see fit. But we are seeing how they are handling them and, most likely, they are doing harm to themselves in the process. Their tools are no good.

But they have always been seeking the dissolution of our country – this is very true. It is unfortunate that at some point they decided to use Ukraine for these purposes. In effect – I am answering your question now and the conclusion suggests itself – we launched our special military operation to prevent events from taking this turn. This is what some US-led Western countries have always been seeking – to create an anti-Russia enclave and rock the boat, threaten Russia from this direction. In essence, our main goal is to prevent such developments.

With regard to our restrained response, I would not say it was restrained, even though, after all, a special military operation is not just another warning, but a military operation. In the course of this, we are seeing attempts to perpetrate terrorist attacks and damage our civilian infrastructure.

Indeed, we were quite restrained in our response, but that will not last forever. Recently, Russian Armed Forces delivered a couple of sensitive blows to that area. Let’s call them warning shots. If the situation continues like that, our response will be more impactful

Terrorist attacks are a serious matter. In fact, it is about using terrorist methods. We see this in the killing of officials in the liberated territories, we even see attempts at perpetrating terrorist attacks in the Russian Federation, including – I am not sure if this was made public – attempts to carry out terrorist attacks near our nuclear facilities, nuclear power plants in the Russian Federation. I am not even talking about the Zaporozhye Nuclear Power Plant.

We are monitoring the situation and will do our best to prevent a negative scenario from unfolding. We will respond if they fail to realise that these approaches are unacceptable. They are, in fact, no different than terrorist attacks.

Remark: Good afternoon, Mr President.

Kiev presented draft security guarantees for Ukraine the other day…

Vladimir Putin: Wait a second. I have something to add to my answer to the first question. You said that we are seeing activity here and there. But Kiev has announced that it has launched an active counter-offensive operation. Let’s see how it unfolds and how it ends.

Please go ahead.

America Needs To Stop Lying About Russia And China

johnmenadue |  The world is on the edge of nuclear catastrophe in no small part because of the failure of Western political leaders to be forthright about the causes of the escalating global conflicts. The relentless Western narrative that the West is noble while Russia and China are evil is simple-minded and extraordinarily dangerous. It is an attempt to manipulate public opinion, not to deal with very real and pressing diplomacy.

The essential narrative of the West is built into US national security strategy. The core US idea is that China and Russia are implacable foes that are “attempting to erode American security and prosperity.” These countries are, according to the US, “determined to make economies less free and less fair, to grow their. militaries, and to control information and data to repress their societies and expand their influence.”

The irony is that since 1980 the US has been in at least 15 overseas wars of choice (Afghanistan, Iraq, Libya, Panama, Serbia, Syria, and Yemen just to name a few), while China has been in none, and Russia only in one (Syria) beyond the former Soviet Union. The US has military bases in 85 countries, China in 3, and Russia in 1 (Syria) beyond the former Soviet Union.

President Joe Biden has promoted this narrative, declaring that the greatest challenge of our time is the competition with the autocracies, which “seek to advance their own power, export and expand their influence around the world, and justify their repressive policies and practices as a more efficient way to address today’s challenges.” US security strategy is not the work of any single US president but of the US security establishment, which is largely autonomous, and operates behind a wall of secrecy.

The overwrought fear of China and Russia is sold to a Western public through manipulation of the facts. A generation earlier George W. Bush, Jr. sold the public on the idea that America’s greatest threat was Islamic fundamentalism, without mentioning that it was the CIA, with Saudi Arabia and other countries, that had created, funded, and deployed the jihadists in Afghanistan, Syria, and elsewhere to fight America’s wars.

Or consider the Soviet Union’s invasion of Afghanistan in 1980, which was painted in the Western media as an act of unprovoked perfidy. Years later, we learned that the Soviet invasion was actually preceded by a CIA operation designed to provoke the Soviet invasion! The same misinformation occurred vis-à-vis Syria. The Western press is filled with recriminations against Putin’s military assistance to Syria’s Bashar al-Assad beginning in 2015, without mentioning that the US supported the overthrow of al-Assad beginning in 2011, with the CIA funding a major operation (Timber Sycamore) to overthrow Assad years before Russia arrived.

Or more recently, when US House Speaker Nancy Pelosi recklessly flew to Taiwan despite China’s warnings, no G7 foreign minister criticised Pelosi’s provocation, yet the G7 ministers together harshly criticised China’s “overreaction” to Pelosi’s trip.

The Western narrative about the Ukraine war is that it is an unprovoked attack by Putin in the quest to recreate the Russian empire. Yet the real history starts with the Western promise to Soviet President Mikhail Gorbachev that NATO would not enlarge to the East, followed by four waves of NATO aggrandisement: in 1999, incorporating three Central European countries; in 2004, incorporating 7 more, including in the Black Sea and Baltic States; in 2008, committing to enlarge to Ukraine and Georgia; and in 2022, inviting four Asia-Pacific leaders to NATO to take aim at China.

Nor do the Western media mention the US role in the 2014 overthrow of Ukraine’s pro-Russian president Viktor Yanukovych; the failure of the Governments of France and Germany, guarantors of the Minsk II agreement, to press Ukraine to carry out its commitments; the vast US armaments sent to Ukraine during the Trump and Biden Administrations in the lead-up to war; nor the refusal of the US to negotiate with Putin over NATO enlargement to Ukraine.

Of course, NATO says that is purely defensive, so that Putin should have nothing to fear. In other words, Putin should take no notice of the CIA operations in Afghanistan and Syria; the NATO bombing of Serbia in 1999; the NATO overthrow of Moammar Qaddafi in 2011; the NATO occupation of Afghanistan for 15 years; nor Biden’s “gaffe” calling for Putin’s ouster (which of course was no gaffe at all); nor US Defence Secretary Lloyd Austin stating that the US war aim in Ukraine is the weakening of Russia.

At the core of all of this is the US attempt to remain the world’s hegemonic power, by augmenting military alliances around the world to contain or defeat China and Russia. It’s a dangerous, delusional, and outmoded idea. The US has a mere 4.2% of the world population, and now a mere 16% of world GDP (measured at international prices). In fact, the combined GDP of the G7 is now less than that of the BRICS (Brazil, Russia, India, China, and South Africa), while the G7 population is just 6 percent of the world compared with 41 percent in the BRICS.
There is only one country whose self-declared fantasy is to be the world’s dominant power: the US. It’s past time that the US recognised the true sources of security: internal social cohesion and responsible cooperation with the rest of the world, rather than the illusion of hegemony. With such a revised foreign policy, the US and its allies would avoid war with China and Russia, and enable the world to face its myriad environment, energy, food and social crises.

Canada Should Organize A Team To Counter Its Own Lies And Misinformation

torontosun  |  Prime Minister Justin Trudeau unveiled plans to create a special team focused on countering Russian disinformation and propaganda on Tuesday, as Ukrainians prepared to mark the six-month anniversary of Moscow’s invasion of their country.

The prime minister announced the new initiative as part of a package of new Canadian measures designed to support Ukraine and punish Russia for launching a war that has killed tens of thousands and whose impacts are being felt around the world.

Canada is also imposing sanctions against 62 more people, including those the government described as several Russian regional governors and their families, as well as a Russian company whose products include anti-drone equipment.

Ottawa is also planning to spend nearly $4 million on two projects to bolster Ukraine’s military and police services, including training to help Ukrainian police officers better handle cases involving sexual trauma as well as mental-health programs.

Trudeau revealed the package during a special meeting of leaders from countries that have been supporting Ukraine since Russian forces first crossed into the country on Feb. 24, launching Europe’s largest conflict since the Second World War.

Notionally intended to discuss Russia’s illegal annexation of Ukraine’s Crimean Peninsula in 2014, the meeting also came as Ukrainians prepared to mark on Wednesday the anniversary of their country’s independence from the Soviet Union in 1991.

Appearing via videolink from Toronto alongside German Chancellor Olaf Scholz, who is in the midst of a three-day visit to Canada, Trudeau accused Russia of falsely blaming western sanctions for escalating food prices and shortages around the world.

While Russian officials have blamed the sanctions imposed in response to its invasion of Ukraine for the food crisis, Canada and its allies say Moscow is responsible for having disrupted critical Ukrainian food production and exports.

“I want to repeat yet again, that there are no sanctions on food. When the Russian regime blames sanctions for the food crisis around the world, they’re engaging in disinformation,” Trudeau said.

“We need to continue fighting Russian disinformation. That’s why Canada will create a dedicated team to help increase our capacity to monitor and detect Russian and other state-sponsored disinformation.”

 

 

It Doesn't Matter How Many Have To Die This Is About The Future Of The Liberal World-Order

mate'  |  Citing interviews with the White House, the Washington Post reports that Biden "officials have described the stakes of ensuring Russia cannot swallow up Ukraine — an outcome officials believe could embolden Putin to invade other neighbors or even strike out at NATO members —as so high that the administration is willing to countenance even a global recession and mounting hunger." (emphasis added)

CNN: "What do you say to those families that say, 'listen, we can't afford to pay $4.85 a gallon for months, if not years?’"

BIDEN ADVISOR BRIAN DEESE: "This is about the future of the Liberal World Order and we have to stand firm." pic.twitter.com/LWilWSo72S

— Breaking911 (@Breaking911) July 1, 2022

Left unquestioned is why a group of officials in Washington have arrogated themselves the right to "countenance" a global recession and mounting hunger – including pushing millions toward famine -- on behalf of the rest of the planet.

Because the Biden administration is willing to countenance hunger, Africa is now being pushed into what a recent New York Times article describes as a major "dilemma." African countries who seek to accept Russian grain imports, the Times notes, "potentially face a hard choice between, on one hand, benefiting from possible war crimes and displeasing a powerful Western ally, and on the other, refusing cheap food at a time when wheat prices are soaring and hundreds of thousands of people are starving."

Under policies set by Washington, it is apparently a "dilemma" for Africa to have to choose between feeding hundreds of thousands of people or risk "displeasing" its "powerful Western ally," — which would presumably prefer that they starve.

European states are also facing the impact of pleasing their powerful ally in Washington. "Western Europe as a result of the war," the Wall Street Journal reports, "now faces surging energy and food prices that look set to worsen as winter approaches."

The crisis is particularly acute in Germany, "the largest and most important economy on the continent." Germany's top union official, Yasmin Fahimi, has warned that "entire industries are in danger of permanently collapsing" as a result of the reduction in Russian natural gas supplies effectively imposed by the US. "Such a collapse would have massive consequences for the entire economy and jobs in Germany," Fahimi said.

Germany faces the additional prospect of "stringent rationing this winter if Russia turns off the gas," a prospect that the US has done all it can to encourage after its successful sabotage of the Russia-Germany Nordstream 2 gas pipeline.

On top of the economic toll of severing Russia from the continent, Europe is also grappling with the consequences of flooding Ukraine with billions of dollars in weapons that are impossible to trace. Europol, the European Union's top law enforcement agency, recently warned that "weapons trafficking from Ukraine into the [EU] bloc to supply organised crime groups had begun and was a potential threat to EU security." A western official told the Financial Times that once NATO weapons shipments cross over into Ukraine from Poland, "from that moment we go blank on their location and we have no idea where they go, where they are used or even if they stay in the country."

The entire planet must also grapple with the growing nuclear threats. After Russia's invasion in February, the US and Moscow suspended talks on the future of New START, the last remaining treaty that limits the nuclear weapons stockpiles of both countries. A senior administration official told the New York Times that "right now it’s almost impossible to imagine" that the talks might resume before the treaty expires in early 2026. "I can’t predict when it would be appropriate to resume that dialogue," Adam Scheinman, Biden's envoy for nuclear nonproliferation recently told Arms Control Today, "but we'll certainly consider doing so when it best serves U.S. interests."

Returning to the Washington Post's rendering of guiding US strategy, the administration's stated rationale for countenancing global hunger and other calamities is based on a false premise. Russia has no intention of moving on "to invade other neighbors or even strike out at NATO members." Bogged down in Ukraine -- a nation on its borders and where it already has an allied rebel military force in the Donbas -- Russia is in no position to invade elsewhere, even if it were crazy enough to want to.

NAFTA, Drought, And Sanctions Blowback - Bout To Crater The Mexican Corn Supply...,

mexiconewsdaily |   Back in the late 1980s and leading up to the North American Free Trade Agreement (NAFTA), the PYMES (small and medium size companies) did not understand the effects of the opening of the Mexican economy to foreign investment.

My two Mexican partners and I attended a conference where the speaker kept repeating, “Hope for the best but prepare for the worst.” We followed the advice and survived, but many in the middle class did not and soon found themselves facing bankruptcy.

Today Mexico is facing the same problem and those most affected are the 47% (AMLO’s latest figures) of those living below the poverty line and are paying no attention. The key word is corn. To summarize: The four largest exporting countries of corn are the United States, Argentina, Brazil, and Ukraine. The second largest importer of corn in the world is Mexico, where the product is the most important food staple for the making of tortillas.

They are also not aware that parts of the Midwest of the United States where corn is harvested have been suffering from drought, nor are they aware that President Biden insists that the growers of corn turn this into ethanol as a substitute in light of growing gasoline prices.

The poor may be aware that there is a war going on between Russia and Ukraine but have no idea that globally this has affected the supply of corn in the world.

Those Mexicans living below the poverty line, what the sociologist Oscar Lewis called “The Culture Of Poverty” based on two books titled The Children of Sanchez and Five Families, are totally unaware of these global realities that will inevitably have a serious effect on their well-being. The word partial famine comes to mind.

What does this have to do with the expat community? It behooves every one of us to talk to those Mexicans who work for us and explain these realities by advising them to save as much money as possible for the upcoming crisis. As an example, my gardener and handyman has many part-time jobs so he can invest in building a home for his wife and three-year-old daughter.

I told him, “Stop investing your money in a new home for the time being and concentrate on feeding your family. Hope for the best, but prepare for the worst.”

I hope he listens, but I have my doubts. It’s the effort that counts.

Beldon Butterfield is a writer and former publisher and media representative. He is retired and lives in San Miguel de Allende.

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