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Slamming China Won’t Save Fossil Capitalism From Itself

Slamming China Won’t Save Fossil Capitalism From Itself

Photograph by Nathaniel St. Clair

Only the mentally impaired now doubt the reality of climate change. Only the ideologically blind question that human burning of fossil fuels has caused it. In just a few weeks, we had once-in-millennium floods in Germany and Belgium, a once-in-a-millennium heat wave in the Pacific Northwest and British Columbia. Fires. Melting Arctic ice and permafrost. Mudslides in India. Floods in the New York City subway. Record floods in China, with a year’s worth of rain falling in a single day in Zhengzhou.

The planet is burning and the arsonists are in charge, as one environmentalist once observed. So in late June and early July, with extreme heat afflicting a quarter of the globe, it became clear that the time had come for the Biden government, and indeed every government, to end the burning of oil, gas and coal. Personally, I favor nationalizing the fossil fuel industry, that is, the wealth of the arsonists. Howsoever we phase it out, this termination needs to happen NOW. Or we as a species will likely not survive. What will come after homo sapiens? No doubt beings adapted to extreme heat, unlike us, with our lineage naturally selected during an ice age.

At the very least, it’s time to slash fossil fuel subsidies. As for the aforementioned nationalizing of oil, gas and coal corporations in order to eliminate their product, desirable as this may be, history, unluckily, is against it. In the past, the U.S. has launched wars and invaded countries that threatened to nationalize fossil fuel companies…

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China’s Taishan Nuclear Reactor Shut Down For “Maintenance” Amid Fears Of Radiation Leak Cover-Up

China’s Taishan Nuclear Reactor Shut Down For “Maintenance” Amid Fears Of Radiation Leak Cover-Up

Weeks ago the Chinese government sought to downplay – but also admitted – an incident at Taishan nuclear plant near Hong Kong which involved damage to fuel rods, also amid wider suspicions of a radiation leak, mainly being spotlighted by entities based outside the country – most notably the French company that part owns and assists in operating the site which warned of an “imminent radiological threat”.

Now adding to these suspicions of a much more serious incident than what China admitted, Taishan’s operator has announced Friday that one of Taishan’s reactors has been shut down for “maintenance”. The Chinese government had dismissed what it called a “common” problem, citing no need for concern, while the China General Nuclear Power Group (CGN) on Friday issued a statement saying the reactor is “completely under control”.

Taishan Nuclear Power Plant. Source: EDF

This after as CNN reported in mid-June the French operator took the very unusual step of reaching out to the US government for help:

While US officials have deemed the situation does not currently pose a severe safety threat to workers at the plant or Chinese public, it is unusual that a foreign company would unilaterally reach out to the American government for help when its Chinese state-owned partner is yet to acknowledge a problem exists. The scenario could put the US in a complicated situation should the leak continue or become more severe without being fixed.

Obviously this all suggested a potential serious cover-up in progress which further appeared to pit the French operator against Chinese authorities overseeing the plant. BBC in its latest reporting Friday referenced this internal conflict now leading to the Unit 1 shutdown at Taishan.

…click on the above link to read the rest of the article…

Cascade of Consequences

CASCADE OF CONSEQUENCES

“There was truth and there was untruth, and if you clung to the truth even against the whole world, you were not mad.” – George Orwell 1984

Image

“People will agree with you only if they already agree with you. You do not change people’s minds.” – Frank Zappa

Orwell and Zappa’s words of wisdom have never been truer than they are today. The level of untruth proliferated by the government, mainstream media, central bankers, military leaders, Big Tech, Big Pharma, Big Corp., and billionaire oligarchs has reached prolific heights. We are lost in a whirlwind of lies, destined to grow into a tornado of tragedy and ultimately result in a cascade of consequences.

Since the installation of the illegitimate dementia patient as president of this dying empire of debt by the Deep State (billionaire oligarchs, surveillance state agencies, military industrial complex, Silicon Valley censorship tyrants, corrupt bought off state politicians, Soros installed bureaucrats, and their propaganda arm – fake news media outlets), the country has further fractured into warring factions.

It has been driven by political party, moral vs. immoral, black vs. white, criminals vs. police, normal vs. abnormal, capitalists vs. communists, Federal Reserve vs. the people, vaxxer sheep vs. natural immunity realists, authoritarians vs. freedom fighters, critical thinkers vs. non-thinking believers, privileged elite vs. common men and women, citizens vs. traitors, powerful vs. powerless, and evil versus good.

As Zappa realized, people believe the narrative they have been conditioned to believe, and no quantity of facts, data or rational arguments will change their minds. Arguing on twitter or facebook is not going to change the mind of those you are arguing against..

…click on the above link to read the rest of the article…

Craig Murray: The Decline of Western Power

Craig Murray: The Decline of Western Power

The really interesting thing about the G7 summit is that it wasn’t interesting. Nobody expected it to change the world, and it won’t.

U.K. Prime Minister Boris Johnson and other leaders of the G7 watch the Red Arrows fly over in Carbis Bay, June 12. (Simon Dawson, No 10 Downing Street, Flickr)

Boris Johnson sees himself as the heritor of a world bestriding Imperial mantle, but in truth he cannot bestride the Irish Sea. The overshadowing of last month’s G7 summit by the U.K. prime minister’s peculiar concern that Irish sausages should not be eaten by those in Northern Ireland who do not believe in evolution, was a fascinating examplar of British impotence as he failed to persuade anybody else to support him. It looks like Danish bacon for the shops of Belfast and Derry will have to be imported through Dun Laoghaire and not through Larne. Ho hum.

The really interesting thing about the G7 summit is that it wasn’t interesting. Nobody expected it to change the world, and it won’t. John Pilger pointed out the key fact. Twenty years ago, the G7 constituted two thirds of the world economy. Now they constitute one third. They don’t even represent most of the world’s billionaires any longer, though those billionaires they do represent — and indeed some of the billionaires they don’t represent — were naturally pulling the strings of these rather sluggish puppets.

It used to be that any important sporting event in any developing country would feature hoardings for western multinationals, such as Pepsi Cola and Nestle baby milk. Nowadays I am watching the Euros football pitches surrounded by electronic hoardings in Chinese. The thing about power is this; it shifts with time.

…click on the above link to read the rest of the article…

Michael Klare, An All-American Path to War?

Michael Klare, An All-American Path to War?

The single scariest night of my life may have been on October 22, 1962, when I thought that all the duck-and-cover moments of my childhood were coming home to roost. President John F. Kennedy appeared on national television (and radio) to warn us all to duck and cover. The Soviet Union, it seemed, had managed to emplace medium-range nuclear missiles in Cuba that could reach major East coast cities. He was ordering a naval “quarantine” of the island.  As he put it, “We will not prematurely or unnecessarily risk the costs of worldwide nuclear war in which even the fruits of victory would be ashes in our mouth, but neither will we shrink from the risk at any time it must be faced.”

That was the beginning of what came to be known as the Cuban Missile Crisis.  Of course, I’m here today, so neither New Haven, where I was then a freshman in college, nor New York, where I grew up, had its Hiroshima moment, nor did anyplace else in the U.S., Russia, or Cuba.  Still, it felt too close for comfort.

Despite all the years of the Cold War still to come, I never again felt that unforgettable sense that a nuclear war might break out.  But never say never, not on a planet filled with such weaponry, not when its two major powers, the U.S. and China, are increasingly facing off, particularly over the island of Taiwan.

Last month, for instance, Admiral Sam Paparo, commander of the U.S. Pacific fleet, called China a “pacing threat,” explaining that “I worry about China’s intentions. It doesn’t make a difference to me whether it is tomorrow, next year, or whether it is in six years…

…click on the above link to read the rest of the article…

Escobar: The Real B3W-NATO Agenda

Escobar: The Real B3W-NATO Agenda

Build Back Better World aims to derail the Belt and Road Initiative, flex NATO’s muscles and harass China 24/7…

The West is the best
The West is the best
Get here and we’ll do the rest

– Jim Morrison, The End

For those spared the ordeal of sifting through the NATO summit communique, here’s the concise low down: Russia is an “acute threat” and China is a “systemic challenge”.

NATO, of course, are just a bunch of innocent kids building castles in a sandbox.

Those were the days when Lord Hastings Lionel Ismay, NATO’s first secretary-general, coined the trans-Atlantic purpose: to “keep the Soviet Union out, the Americans in, and the Germans down.”

The Raging Twenties remix reads like “keep the Americans in, the EU down and Russia-China contained”.

So the North Atlantic (italics mine) organization has now relocated all across Eurasia, fighting what it describes as “threats from the East”. Well, that’s a step beyond Afghanistan – the intersection of Central and South Asia – where NATO was unceremoniously humiliated by a bunch of Pashtuns with Kalashnikovs.

Russia remains the top threat – mentioned 63 times in the communiqué. Current top NATO chihuahua Jens Stoltenberg says NATO won’t simply “mirror” Russia: it will de facto outspend it and surround it with multiple battle formations, as “we now have implemented the biggest reinforcements of our collective defense since the end of the Cold War”.

The communiqué is adamant: the only way for military spending is up. Context: the total “defense” budget of the 30 NATO members will grow by 4.1% in 2021, reaching a staggering $1.049 trillion ($726 billion from the US, $323 billion from assorted allies).

After all, “threats from the East” abound. From Russia, there are all those hypersonic weapons that baffle NATO generals; those large-scale exercises near the borders of NATO members; constant airspace violations; military integration with that “dictator” in Belarus.

…click on the above link to read the rest of the article…

Leak Reported At Chinese Nuclear Power Plant

Leak Reported At Chinese Nuclear Power Plant

A nuclear power plant in southeastern China could turn into an “imminent radiological threat,” the part owner of the facility, a French company, has told the United States, CNN reported on Monday, citing U.S. officials and a letter of the French firm it had obtained.

The U.S. has been assessing the report of the fission gas leak over the past week, CNN reports, quoting the warning from the French firm that China’s authorities had raised the limits of acceptable radiation levels at and around the plant to avoid a shutdown.

The Taishan Nuclear Power Plant in the Chinese province of Guangdong is being operated by a joint venture in which French energy giant EDF and its subsidiary Framatome hold 30 percent. The EDF Group and its subsidiary Framatome supplied the EPR pressurized reactor technology for the plant.

According to officials in the U.S. Administration who spoke to CNN, the situation with the Chinese nuclear power plant has not reached a “crisis level.”

The French company has reached out to the United States to obtain a waiver that would allow them to share U.S. technical assistance to resolve the issue at the plant.

China has yet to acknowledge that there is a problem, CNN reports.

The U.S. administration has been in contact with the French government to discuss the situation, sources told CNN. Contact has been made with China, too, although it is not clear to what extent.

Following the report from CNN, the French company Framatome issued a statement on Monday related to Taishan’s reactor number 1, saying that it “is supporting resolution of a performance issue with the Taishan Nuclear Power Plant.”

“According to the data available, the plant is operating within the safety parameters,” the company said.

“Our team is working with relevant experts to assess the situation and propose solutions to address any potential issue,” Framatome added.

The Fauci Files, The WuFlu and the War to Come

The Fauci Files, The WuFlu and the War to Come

Isn’t is amazing how quickly things seem to change when it’s in the interest of those that think they run the world? For years we’ve been trying to get access to Hillary Clinton’s missing e-mails as Secretary of State but to no avail. However, at the most opportune time in the collapsing COVID story, Dr. Anthony Fauci’s emails are uncovered and broadcast to the world.

The same mechanism, FOIA, that Hillary has stonewalled us on for six years uncovers Fauci’s emails in six weeks?

Doesn’t that strike you as just the slightest bit odd?

Fauci was the hero bureaucrat facing down the evil and ignorant President Trump over COVID-19. He became a national celebrity playing down treatments like Hydroxychloroquine and Ivermectin, flip-flopped on wearing masks and running cover for a corrupt WHO/CDC while whitewashing his own involvement in COVID’s origin.

For all intents and purposes this lying, evil, Janus-faced troll set policy for the entire country.

And from the moment anyone broke a story about the origins of COVID-19, the damage control began behind the scenes and the public shaming and deplatforming began.

And democrats of all stripes cheered him on, simply because he came with the right credentials and an antipathy to Trump.

As the face of the the scientific establishment, he terrorized millions into submission of Americans using fear over a virus not much more deadly than the annual flu. His constant changing the goalposts on ending lockdowns and spread prevention guidelines while needing to remain in front of the narrative kept people crazy with imaginary death statistics, fraudulent models and overwrought case counts while elevating the prevention principle beloved by state-worshipping Boomers and their younger ‘adjacents’ to its most ludicrous extreme.

…click on the above link to read the rest of the article…

China’s “Artificial Sun” Sets World Record Running At 120 MILLION Degrees For 101 Seconds

China’s “Artificial Sun” Sets World Record Running At 120 MILLION Degrees For 101 Seconds

China’s goal is to develop clean energy sources through next-generation nuclear fusion technology.

Chinese researchers have achieved a new world record after scientists developing an “artificial sun” ran the device on Friday at a record-shattering temperature of 120 million degrees Celsius for over 100 seconds.

The experiment was held at the Institute of Plasma Physics of the Chinese Academy of Sciences (ASIPP) in Hefei, China.

The exercise is a part of the China’s efforts to develop new clean energy sources through the development of next-generation nuclear fusion reactor technology.

Known as the Experimental Advanced Superconducting Tokamak (EAST), the “Chinese artificial sun” managed to generate plasma temperatures of 120 million degrees Celsius for 101 seconds before scientists also realized a temperature of 160 million degrees Celsius for an additional 20 seconds.

The goal of EAST is to create Sun-like energy using deuterium, a hydrogen isotope that is plentiful in the ocean and can provide a steady flow of clean energy. According to estimates, one liter of seawater contains enough deuterium to produce energy equivalent to 300 liters of gasoline.

China hopes that it can replace fossil fuels such as coal, oil and natural gas with the fusion energy in order to achieve carbon neutrality and a more ecological society.

“It’s a huge achievement in China’s physics and engineering fields. The experiment’s success lays the foundation for China to build its own nuclear fusion energy station,” ASIPP director Song Yuntao said, according to People’s Daily.

The EAST artificial sun is also part of the International Thermonuclear Experimental Reactor, a joint effort by global scientists that includes the input of scientists from China, the European Union, India, Japan, South Korea, Russia and the United States.

Experts hope that if development proceeds at the current rate, successful nuclear fusion could be achieved within three decades.

Build Back Better Slogan of DAVOS

QUESTION: Why is the press so blind to the simple fact that all of these leaders are using the same slogan? This has never happened in history before.

HE

ANSWER: Journalists are willfully blind or those who are not are gagged by management. I would say it is fairer to blame the management for selling out their newspapers and TV platforms. I can confirm from people there at DAVOS in January 2019 that this slogan “Build Back Better” was being talked about back then.

All the information I have pointed to this COVID being man-made, and deliberately released I believe in China for the intentional purpose of blaming China in the hope to compel them to join this Build Back Better agenda that was ready to roll out. I reported in April 2020 that the agenda was revealed then and there within days of the March COVID Crash, which was also orchestrated.

The Green Climate Fund of the United Nations has written:

While COVID-19 is causing untold suffering, the international response to this unprecedented health crisis in modern times offers an opportunity to direct finances towards bolstering climate action. GCF will continue to make critical investments in climate-resilient water resource management, health care facilities, agriculture, and livelihoods – all of which are essential to subduing and overcoming the pandemic. Similarly, we will step up our efforts to catalyse green investment to relaunch economies on low-emission, climate-resilient trajectories. 

Note that they spell CRYSTAIZE as “catalyse” proving this was NOT of American origin.

The real $64 million question remains: Did Fauci just run off at the mouth and got himself in trouble? Or is this part of the plan to start a war with China to blame them for COVID to force them to BUILD BACK BETTER?…

…click on the above link to read the rest of the article…

 

From the Notebook: A Critical Shift in the War for Oil

From the Notebook: A Critical Shift in the War for Oil


Davos really do think they are too clever by half. Despite prognostications to the contrary, negotiations with Iran over a new JCPOA are nearing completion which Biden/Obama will sign off on after putting up a bit more token resistance to lifting sanctions.

Why do I say this? Nordstream 2.

Biden backed down on Nordstream 2 and, at The Davos Crowd’s insistence, he will back down on the JCPOA.

Davos needs cheap energy into Europe. That’s ultimately what the JCPOA was all about. The basic framework for the deal is still there. While the U.S. will kick and scream a bit about sanctions relief, Iran will be back into the oil market and make it possible for Europe to once again invest in oil/gas projects in Iran.

Now that Benjamin Netanyahu is no longer going to be leading Israel, the probability of breakthrough is much much higher than last week. The Likudniks in Congress and the Senate just lost their raison d’etre. The loss of face for Israel in Bibi’s latest attempt to bludgeon Gaza to retain power backfired completely.

U.S. policy towards Israel is shifting rapidly as the younger generations, Gen-X and Millennials, simply don’t have the same allegiance to Israel that the Baby Boomers and Silent generations did. It is part of a geopolitical ethos which is outdated.

So, with some deal over Iran’s nuclear capability in the near future, Europe will then get gas pipelines from Iran through Turkey as well as gain better access to the North South Transport Corridor which is now unofficially part of China’s Belt and Road Initiative.

…click on the above link to read the rest of the article…

China Warns Global Financial Bubble Could Burst

China Warns Global Financial Bubble Could Burst

Almost three months after markets stumbled when after China’s top banking regulator said he’s “very worried” about risks emerging from bubbles in global financial markets (and China’s property sector) sparking concerns about further tightening in the world’s second-biggest economy and slamming risk assets, China has done it again and on Saturday Liang Tao, vice chairman of China Banking and Insurance Regulatory Commission, said at the International Finance Forum in Beijing that recent interest rate hikes by emerging economies could lead to a bursting of global financial asset bubbles which have been made even bigger by unprecedented pandemic easing measures by developed countries (i.e., Biden’s trillions)And just in case it wasn’t clear whose fault this is, Tao added that developed countries are sticking with ultra-low rates even as emerging economies raised their borrowing costs, “potentially resulting in the re-pricing of global assets.”

In short, China is already pre-emptively pointing the finger at the US and western central banks as the parties responsible not only for bursting the biggest asset bubble in history, but for creating it in the first place.

Liang Tao, Vice Chairman of China Banking and Insurance Regulatory Commission

Tao’s comments are almost a verbatim repeat of what his boss, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said during a briefing back on March 1 when he said he’s “very worried” about risks emerging from bubbles in global financial markets and the nation’s property sector. Again blaming everyone but China, Guo said that bubbles in U.S. and European markets could burst because their rallies are heading in the opposite direction of their underlying economies and will have to face corrections “sooner or later.”

…click on the above link to read the rest of the article…

Turning Out the Light When the Bankers Leave Town

I have written before how a friend of mine who is very senior at one of the investment banks in New York called to see if I would go to dinner. I thought he was here in Florida to catch a breath of fresh air and relax outside of what use to be called the Big Apple, but is now only called the Arm-Pit of the World thanks to COVID.

I can attest that the major banks, despite what they are saying, are abandoning both New York and London. In Europe, the long-standing hatred between France and England spans countless generations. France is seeking to punish the English by denying them access to EU markets. This has led bankers to start to shift their top talent to the EU because once the nut-case Boris Johnson decided to destroy Britain to Build Back Better, taking instructions from Gates and Schwab, there is now no going back. I have stated at conferences there were meetings I had in the EU where I was not allowed to bring a Brit because it was assumed they are just biased.

The Financial Capital of the World is moving. It will eventually end up in China post-2032. We have the worst possible politicians systematically destroying the West all for this Great Reset.

Insider View: The Tragedy of the U.S. Deep State

Pepe Escobar explains why Henry Kissinger must have lost the diplomatic plot.

Henry Kissinger, 97, Henry the K. for those he keeps close, is either a Delphic oracle-style strategic thinker or a certified war criminal for those kept not so close.

He now seems to have been taking time off his usual Divide and Rule stock in trade – advising the combo behind POTUS, a.k.a. Crash Test Dummy – to emit some realpolitik pearls of wisdom.

At a recent forum in Arizona, referring to the festering, larger than life Sino-American clash, Henry the K. said, “It’s the biggest problem for America; it’s the biggest problem for the world. Because if we can’t solve that, then the risk is that all over the world a kind of cold war will develop between China and the United States.”

In realpolitik terms, this “kind of Cold War” is already on; across the Beltway, China is unanimously regarded as the premier U.S. national security threat.

Kissinger added U.S. policy toward China must be a mix of stressing U.S. “principles” to demand China’s respect and dialogue to find areas of cooperation: “I’m not saying that diplomacy will always lead to beneficial results…This is the complex task we have… Nobody has succeeded in doing it completely.”

Henry the K. actually must have lost the – diplomatic – plot. What Chinese Foreign Minister Wang Yi and Russian Foreign Minister Sergey Lavrov are now involved in, full time, is to demonstrate – mostly to the Global South – how the American-enforced “rules-based international order” has absolutely nothing to do with international law and the respect of national sovereignty.

At first I had archived these Henry the K. platitudes out of sight. But then someone who used to hold a stellar position at the top of the U.S. Deep State showed he had been paying close attention.

…click on the above link to read the rest of the article…

Trade Deficit Again Growing, Now It’s Bigger Than Ever

Trade Deficit Again Growing, Now It’s Bigger Than Ever

The trade deficit with China continues to weaken America and strengthen our rival. For all the ruckus it created, the trade war failed to bring down the trade deficit. Even while unusual circumstances continue to cloud the picture it appears that America’s trade picture is in worse shape today than when it started. This is evidenced by the number of container ships from Asia lined up at American ports. The trade talks started in early 2017 and have dragged on with promises of a deal always around the corner. Looking back, we were told, they were always moving forward or nearing completion but such announcements generally proved premature.Today, the trade deficit is growing and is bigger than ever. Those familiar with China and how it negotiates knew the Chinese would never agree to, or more importantly, honor any deal not strongly tilted in their favor. The events that unfolded and overshadowed the trade talks not only surrounded Covid-19 but more importantly how governments and central banks reacted to the pandemic. Here in America, a tsunami of freshly printed money was unleashed upon the masses creating the oddest recession in history. To be blunt, Americans saw their incomes soar while locked away in their homes and unable to attend work.

This of course resulted in consumers buying goods, many of them imported from China, rather than doing the right thing and paying obligations such as rent or mortgage payments. In fact, our government with little thought to the long-term ramifications, added fuel to this buying binge when it rapidly imposed a moratorium on evictions and foreclosures. This means we should expect the controversy over just how much trade contributes to America’s economic growth to again rise as growth slows…

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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