Category Archives: Politics

Leftist Groups Tapping $1 Billion To Vastly Expand The Private Financing Of Public Elections, by Steve Miller

Most of this public-private partnership is legal. Republicans issue ringing denunciations and say “wait til next time.” From Steve Miller at realclearwire.com:

Democrats and their progressive allies are vastly expanding their unprecedented efforts, begun in 2020, to use private money to influence and run public elections.  

Supported by groups with more than $1 billion at their disposal, according to public records, these partisan groups are working with state and local boards to influence functions that have long been the domain of government or political parties.  

Registering and turning out voters – once handled primarily by political parties – and design of election office websites and mail-in ballots are being handed over to those same nonprofits, which are staffed by progressive activists that include former Democratic Party advocates, organized labor adherents and community organizers. 

Republicans have opposed such efforts, passing legislation in 24 states since 2020 curbing the private financing of elections. But the GOP does not have a comparable, boots-on-the-ground effort to influence election boards and workers, and the private-funding bans haven’t proved absolute in some states.  

 “There is a cottage industry of 501c3s in public policy and in the political arena, trying to shape the future of immigration or education or any other topic,” said Kimberly Fiorello, a former Republican state representative in Connecticut. “Increasingly they are about elections, election administration, election technology, ballot design, and all with big funding. These groups seem innocuous, but they aren’t innocuous because they are funded by one political side.”  

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Citadel’s Griffin Slams SVB Bailout: American Capitalism Is “Breaking Down Before Our Eyes”, by Tyler Durden

Actually, American capitalism broke down long ago. However, the days are numbered for what’s left of it. From Tyler Durden at zerohedge.com:

In contrast to billionaire Bill Ackman’s praise for the federal government’s bailout of SVB depositors, Citadel founder Bill Griffin is not impressed, telling The FT that this action by US regulators shows American capitalism is “breaking down before our eyes”.

As a reminder, the FDIC’s Deposit Insurance Fund normally guarantees up to $250,000 in deposits, which protects small retail customers including mom-and-pop businesses. Banks pay for this guarantee with insurance premiums, but the insurance fund isn’t intended to backstop deposits of bigger customers with more capacity to weather losses if a bank goes under.

Yet, as The Wall Street Journal’s Editorial Board remarks, after venture capitalists (Democratic donors) and Silicon Valley politicians howled, the FDIC on Sunday announced it would cover uninsured deposits at SVB and Signature Bank under its “systemic risk” exception.

Apparently, Silicon Valley investors and startups are too big to lose money when they take risks. They benefited enormously from the Fed’s pandemic liquidity hose, which caused SVB’s deposits to double between 2020 and 2021. SVB paid interest of up to 5.28% on large deposits, which it used to fund loans to startups.

But now the FDIC is guaranteeing a risk-free return for startups and their investors.

Uninsured deposits normally take a 10% to 15% hair cut during a bank failure. Some 85% to 90% of SVB’s $173 billion in deposits are uninsured. The cost of this guarantee could be $15 billion.

The White House says special assessments will be levied on banks to recoup these losses.

That means bank customers with less than $250,000 in deposits will indirectly pay for this through higher bank fees. In other words, this is an income transfer from average Americans to deep-pocketed investors.

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China Brokers Agreement Between Iran and Saudi Arabia, by Ted Snider

Saudi Arabia will use the agreement as a wedge in its dealing with the U.S. From Ted Snider at libertarianinstitute.org:

Until it happened, it was unthinkable. The United States has for decades guarded its role as the sole negotiator in the Middle East. It has insisted on being the chief arbiter of agreements and the architect and decider of partnerships. But on March 10, China emerged as the broker of a transformative agreement between Iran and Saudi Arabia while Washington was sidelined and left out of the room. The most important recent realignment of the Middle East was shaped by Beijing.

The story is so critical that it is too big to be contained in one story. It is two stories: the shifting of regional alignments and the shifting of global alignments.

Iran and Saudi Arabia have been exploring improving relations for the past few years. The feelers began with talks in 2020 and grew into several meetings in Iraq and Oman. In 2021, the two announced that Iran had resumed exports to Saudi Arabia, and Iran broached the idea of reopening consulates in each other’s countries and re-establishing diplomatic ties.

Both the Iranian and Saudi statements following their new agreement acknowledged those talks and thanked Iraq and Oman for their efforts and for hosting them. But it was China that brought them to the table, enabled the breakthrough and accomplished the agreement. “The two sides,” the Saudi statement said, “expressed their appreciation and gratitude to the leadership and government of the People’s Republic of China for hosting and sponsoring the talks, and the efforts it placed towards its success.” Iran’s statement expressed similar gratitude.

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Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It. From Ryan McMaken

It’s the usual shell game. From Ryan McMaken at mises.org:

Silicon Valley Bank (SVB) failed on Friday and was shut down by regulators. It was the second-largest failure in US history and the first since the global financial crisis. Almost immediately, the calls for bailouts started to come in. (Since Friday, First Republic Bank has failed, and many other banks are facing collapse.)

In fact, on March 9, even before SVB failed, billionaire investor Bill Ackman took to Twitter to insist a federal “bailout should be considered” if the private sector could not save the bank. Hours after SVB officially failed, Ackman was still at it, and in a 646-word panicky screed, he demanded that the federal government “guarantee SVB deposits” and essentially backstop the entire banking industry to keep failing, inefficient, and poorly managed banks afloat.

Now, many readers might be saying to themselves, “I thought bank deposits were insured!” That, of course, is correct, but deposits are only legislatively insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC). Given that most normal people keep less than this in their bank accounts, that means the majority of bank users are not going to lose any of their money should their banks fail. Moreover, it is extremely easy to acquire deposit insurance on much more than $250,000 by simply keeping money at more than one bank. That $250,000 limit applies to the deposits at each bank where a depositor keeps funds. For customers with high liquidity needs, the financial sector offers tools for dealing with the risk of exceeding FDIC limits.

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The Urbanity Of Evil: 20 Years After The US Invasion Of Iraq, by Norman Solomon

Senator Joe Biden was the chairman and Tony Blinken was chief of staff of the Senate Foreign Relations Committee that helped propagate the weapons of mass destruction deception and rubber-stamped the invasion of Iraq. They’re no less clueless today. From Norman Solomon at commondreams.org:

Former U.S. President George W. Bush

Former U.S. President George W. Bush speaks before signing the joint congressional resolution authorizing the US use of force against Iraq if needed 16 October, 2002 at the White House in Washington, DC. Secretary of Defense Donald Rumsfeld (R), House Speaker Dennis Hastert, R-IL (2nd R), and Secretary of State Colin Powell (C) look on during speech. (Photo: Luke Frazza/AFP via Getty Images)

Vast quantities of lies from top U.S. government officials led up to the Iraq invasion. Now, marking its 20th anniversary, the same media outlets that eagerly boosted those lies are offering retrospectives. Don’t expect them to shed light on the most difficult truths, including their own complicity in pushing for war.

What propelled the United States to start the war on Iraq in March 2003 were dynamics of media and politics that are still very much with us today.

Soon after 9/11, one of the rhetorical whips brandished by President George W. Bush was an unequivocal assertion while speaking to a joint session of Congress on Sept. 20, 2001: “Every nation, in every region, now has a decision to make. Either you are with us, or you are with the terrorists.” Thrown down, that gauntlet received adulation and scant criticism in the United States. Mainstream media and members of Congress were almost all enthralled with a Manichean worldview that has evolved and persisted.

Our current era is filled with echoes of such oratory from the current president. A few months before fist-bumping Saudi Arabia’s de facto ruler Mohammed bin Salman—who’s been in charge of a tyrannical regime making war on Yemen, causing several hundred thousand deaths since 2015 with U.S. government help—Joe Biden mounted a pulpit of supreme virtue during his 2022 State of the Union address.

Biden proclaimed “an unwavering resolve that freedom will always triumph over tyranny.” And he added that “in the battle between democracy and autocracies, democracies are rising to the moment.” Of course, there was no mention of his support for Saudi autocracy and war.

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Lawsuits Pile Up Alleging Remdesivir Killed COVID Patients, by Dr. Joseph Mercola

Remdesivir is a drug, not a vaccine, so its manufacturer, Gilead, can be sued. Some of the medical personnel who administered the drug reportedly nicknamed it “run, death is near.” From Dr. Joseph Mercola at childrenshealthdefense.org:

Story at a glance:

  • The antiviral drug remdesivir, brand name Veklury, is approved for use against COVID-19 despite research showing it lacks effectiveness and can cause high rates of organ failure.
  • John Beaudoin is calling for a criminal investigation into remdesivir, citing data that it may have killed 100,000 people in the U.S.
  • Beaudoin received all the death certificates in Massachusetts from 2015 to 2022, finding 1,840 excess deaths from acute renal failure from Jan. 1, 2021, to Nov. 30, 2022, which he believes may be due to remdesivir.
  • A study published in The Lancet found “no clinical benefit” from the use of remdesivir in hospitalized patients.
  • The U.S. government pays hospitals a 20% upcharge on the entire hospital bill when remdesivir is used.

The U.S. Food and Drug Administration (FDA) authorized the experimental antiviral drug remdesivir, brand name Veklury, for emergency use against COVID-19 in May 2020.

By October 2020, it had received full approval. It remains a primary treatment for COVID-19 in hospitals, despite research showing it lacks effectiveness and can cause high rates of organ failure.

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Chris Hedges: Ukraine’s Death by Proxy

Ukraine is the new Afghanistan. From Chris Hedges at consortiumnews.com:

Proxy wars devour the countries they purport to defend. There will come a time when the Ukrainians will become expendable to the U.S. They will disappear, as many others before them, from U.S. national discourse and popular consciousness.

There are many ways for a state to project power and weaken adversaries, but proxy wars are one of the most cynical. Proxy wars devour the countries they purport to defend. They entice nations or insurgents to fight for geopolitical goals that are ultimately not in their interest.

The war in Ukraine has little to do with Ukrainian freedom and a lot to do with degrading the Russian military and weakening Russian President Vladimir Putin’s grip on power. And when Ukraine looks headed for defeat, or the war reaches a stalemate, Ukraine will be sacrificed like many other states, in what one of the founding members of the C.I.A., Miles Copeland Jr., referred to as the “Game of Nations” and “the amorality of power politics.”

I covered proxy wars in my two decades as a foreign correspondent, including in Central America where the U.S. armed the military regimes in El Salvador and Guatemala and Contra insurgents attempting to overthrow the Sandinista government in Nicaragua. I reported on the insurgency in the Punjab, a proxy war fomented by Pakistan.

I covered the Kurds in northern Iraq, backed and then betrayed more than once by Iran and Washington. During my time in the Middle East, Iraq provided weapons and support to the Mujahedeen-e-Khalq (MEK) to destabilize Iran. Belgrade, when I was in the former Yugoslavia, thought by arming Bosnian and Croatian Serbs, it could absorb Bosnia and parts of Croatia into a greater Serbia. 

Proxy wars are notoriously hard to control, especially when the aspirations of those doing the fighting and those sending the weapons diverge. They also have a bad habit of luring sponsors of proxy wars, as happened to the U.S. in Vietnam and Israel in Lebanon, directly into the conflict.

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The Parliamentary Motive Behind the J6 Fedsurrection, by Sundance

The “emergency situation” prevented Congressional consideration of election fraud. From sundance at theconservativetreehouse.com:

The Ring of Truth – “I am too well accustomed to the taking of evidence not to detect the ring of truth.” 1908, Edith Wharton

Much has been made of the events of January 6, 2021, and with the latest broadcast of CCTV video from inside the Capitol Hill complex, more questions have been raised.

Within the questions: the FBI and government apparatus had advanced knowledge of the scale of the J6 mall assembly yet doing nothing?  Why were the Capitol Hill police never informed of the FBI concerns?  Why didn’t House Speaker Nancy Pelosi secure the Capitol Hill complex, and why did she deny the request by President Trump to call up the national guard for security support?  Why did the FBI have agent provocateurs in the crowd, seemingly stimulating rage within a peaceful crowd to enter the Capitol building?  There have always been these nagging questions around ‘why’?

Long time CTH reader “Regitiger” has spent a great deal of time reviewing the entire process, looking at the granular timeline and then overlaying the bigger picture of the constitutional and parliamentary process itself.  What follows below is a brilliant analysis of the federal government motive to create a J6 crisis that permitted House Speaker Nancy Pelosi to trigger an emergency session and avoid the 2020 election certification challenges.

Those congressional floor challenges, known and anticipated well in advance of the morning of January 6, 2021, would have formed a legal and constitutional basis for ‘standing’ in judicial challenges that would have eventually reached the Supreme Court.  The certification during “emergency session” eliminated the problem for Washington DC.

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Betting All on Hegemony; Risking All, To Stave Off Ruin, by Alasdair Macleod

Western governments are as distrusted at home as they are abroad, maybe more so. From Alasdair Macleod at strategic-culture.org:

The West is too dysfunctional and weak now to fight on all fronts. Yet there can be no retreat without some de-legitimising humiliation of the West.

Just occasionally, a window is opened onto the truth of how the ‘system’ works. Momentarily, it stands naked in its degeneracy. We avert our eyes, yet, it is a revelation (though it shouldn’t be). For, we see clearly how tawdry has been the attire which clothed it. ‘Liberalism’s’ seeming success – almost wholly an ephemeral PR production – serves only to make its underlying internal contradictions more obvious; more ‘in your face’ – much less credible.

This unravelling speaks to a failure to satisfactorily resolve liberal modernity’s inherent contradictions. Or, rather its unravelling derives from the choice to resolve a waning legitimacy, through an ever more totalistic and ideological reaching for hegemony.

One such window has been the sordid affair of the UK pandemic lockdowns – as revealed by a paper trail leak of 100,000 ministerial WhatsApp messages, managing the lockdown project.

What did they show (in the words here of pro-government leading political commentators)? An ugly picture of how a western Establishment interacts in adolescent sniping at each other, and in its utter disdain for the populace.

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Russia, China, Iran… and Saudi Arabia? By Ron Unz

America is reaping what it has sown. From Ron Unz at unz.com:

On Friday geopolitical plates of tectonic scale may have visibly shifted as Iran and Saudi Arabia, two of the most important countries in the Middle East and erstwhile bitter adversaries, announced that they had reestablished diplomatic relations after a lengthy round of negotiations held with top Chinese officials in Beijing.

Back in 1945, President Franklin Roosevelt famously met on an American cruiser with Ibn Saud, and our important alliance with oil-rich Saudi Arabia came into being.

Though sometimes stressed during the 1973 Oil Embargo and in the aftermath of the 9/11 Attacks, the relationship remained our most important in the Arab World, being responsible for the rise of the Petrodollar and the maintenance of our own greenback as the world’s reserve currency. With America’s industrial base having been reduced to a mere shadow of its once global dominance and our country plagued by horrendous annual budget deficits and accumulated debt, much of our national prosperity and current standard of living probably today depends upon that maintaining that status.

Meanwhile, during the four decades since its 1979 Islamic Revolution, no country in the region has been a greater object of American hostility than Iran. As recently as January 2020, we assassinated Gen. Qasem Soleimani, Iran’s greatest military commander, who had been considered a likely presidential candidate in their 2021 elections.

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