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December 25, 2024

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TG 2160: NATO Fiasco: No Patriot Missiles For Ukraine

George Szamuely and Peter Lavelle discuss the latest embarrassing NATO fiasco: no more Patriot interceptor missiles for Ukraine.

01:05:36
TG 2161: Does Tucker's Third Party Have A Chance?

George Szamuely and Peter Lavelle discuss the 10 principles that would guide a new U.S. political party, as outlined by Tucker Carlson, and wonder whether a third party has the slightest chance of success.

00:54:50
Live Chat
Monday Night At The Movies: "Path to War" (2002)

Join Gagglers for "Path to War"!
The screening starts at 3 p.m. ET sharp.
Share all of your thoughts, comments and criticisms on the Live Chat.

See you at 3 p.m. ET

02:44:40

America is finished :)))
This is an interesting take. I have not done the work on Japanese banks, but I can state the following. Chinese banks are in desperate need of USD and have thus stopped financing the BRI; some are even trying to sell foreign assets to repatriate USD, and, having said that, what Izabella describes could very well be the case. Also, it’s a great way for the U.S. to extend USD dominance.

If true, though, expect China-Japan relations to deteriorate fast.
Citat
Izabella Kaminska
@izakaminska
·
9 h
Is it popularly known that Japanese banks have seen very impressive growth in their offshore dollar-denominated loan books the past couple of years? And that these loans mainly service Asian markets that Chinese banks used to service?
https://x.com/mnicoletos/status/2085896974797099507?s=20

The U.S. Senate just passed the Russia-Iran sanctions bill 86–11, opening the door to tariffs of up to 100% on major buyers of Russian energy.

That is the part markets should focus on.

The bill does not just sanction Moscow directly. It gives Trump the power to raise the cost of buying Russian oil and gas for countries such as India, China, Japan and parts of Europe.

In practice:

Russian barrels may still find buyers.
But those buyers could face a much bigger penalty for taking them.

That shifts the pressure from Russia → Russia’s customers.

For oil markets, the question is whether buyers reduce Russian exposure, demand steeper discounts, or simply absorb the tariff risk and keep purchasing.

The Senate vote was overwhelming.

The real battle now moves to the House, where lawmakers are much more divided over giving Trump additional tariff powers.

If it passes there too, this could become one of the most aggressive attempts yet to attack Russia’s energy revenues indirectly....

:))) you get your money's worth and then some with the Russian boogeyman

U.S. intelligence has reportedly linked the explosive-laden drone discovered at Germany's Leipzig/Halle Airport this week to the Russian government, according to The Wall Street Journal.

The drone was discovered Tuesday night inside a secure area of the airport, just meters from a Ukrainian Antonov cargo aircraft, carrying what German investigators reportedly determined was an explosive device with a defective detonator that failed to function. The discovery forced the airport to suspend operations overnight. Authorities are also investigating a second suspected drone that a DHL cargo aircraft reportedly struck after executing a go-around due to the airport closure, with the aircraft later landing safely despite damage to its nose.

The development comes one day after The Wall Street Journal reported that new U.S. intelligence assessments warn Vladimir Putin could test NATO's resolve through limited attacks ...

January 21, 2023
More Leftie Than Thou
"Jacobin" Magazine Celebrates A Strike Against Ol' Blue Eyes

Here at "The Gaggle" we have very little time for the "more Leftie than thou" school of thought--that's the approach to life according to which the only thing that matters is whether you take the right position on every issue under the sun from Abortion to Zelensky. No one in the world meets the exacting standards of this school of thought; any Leftie leader anywhere is always selling out to the bankers and the capitalists. The perfect exemplar of this is the unreadable Jacobin magazine. 

The other day I came across this article from 2021. It's a celebration of trade union power. And not simply trade union power, but the use of trade union power to secure political goals. Of course (and this is always the case with the "more Leftie than thou" crowd), this glorious, never-to-be-forgotten moment on the history of organized labor took place many years ago--in the summer of 1974 to be exact. Yes, almost half a century has gone by since that thrilling moment when the working-class movement of Australia mobilized and prepared to seize the means of production, distribution and exchange. 

Well, not quite. Organized labor went into action against...Ol' Blue Eyes, the Chairman of the Board, the Voice; yes, Frank Sinatra. Why? What had Sinatra done? Sinatra was certainly very rich, and he owned a variety of properties and businesses. But if the Australian trade union movement were, understandably, searching for the bright, incandescent spark that would finally awaken the working class from its slumber there were surely richer, greedier, more dishonest, more decadent, above all more Australian individuals it could have discovered. Australia was never short of them. Rupert Murdoch immediately springs to mind. Why Sinatra?

 

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