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Michael Every
@TheMichaelEvery
The UAE will leave OPEC(+) after getting a $ swapline and an Israeli iron dome & troops to protect it; and tensions with Saudi in Yemen & Sudan.

Another earthquake for the Middle East.

And maybe a signpost to a post-war fragmentation of oil markets - in the U.S. favour(?)

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Monday Night At The Movies: "Absence of Malice" (1981)

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

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01:56:15
TG 2110: Macron Announces: U.S., Russia and China All Stand Against Europe

George Szamuely and Peter Lavelle discuss President Macron's latest declaration, made in Greece, that Europe is now confronting, at one and the same time, a hostile United States, China and Russia.

01:06:59
TG 2109: Yet Another Attempt on the Life of Trump

George Szamuely and Peter Lavelle discuss the latest attempt on the life of President Trump.

00:22:29
5 hours ago

Still relevant today and proves that Trump or no Trump it really makes no difference .

10 hours ago

So, to answer KomradDirty’s question which we started this post with, should he be worried about Russia buckling first, yes I think you should be worried about that unfortunately. It’s not that Europe, Israel and the U.S. are mad strong. It’s that Moscow is making a totally concious decision to play this sick game on very hard mode while Russia’s enemies get to play on beginner mode basically. All of Russia is fair game while Ukraine’s Rear is utterly off limits to Russian retaliation. The result is that now days Ukraine is hitting Russia proper harder with drones than Russia is hitting Ukraine. Terrible optics aside, this is alarming because Russia doesn’t just import everything it fights with from abroad like Ukraine does. Russia uses foreign components in its drones and missiles, but they are assembled in Russia, Ukraine on the other hand is increasingly importing drones and a far higher proportion of its Military equipment is imported than is Russia’s. Damn near all ...

18 hours ago

We are told government exists to make possible what markets alone cannot.

The ongoing energy crisis forces the opposite conclusion.

When the Soviet Union needed industrial capacity, it turned to Albert Kahn Associates, a private firm, to design and build its factories, factories it could not build itself. When Europe needed gas, pipelines and financing emerged from commercial consortia. The global oil system pipelines, terminals, tankers, insurance, and trading is a market-built machine designed to keep energy flowing.

Markets solve the impossible problem: find supply, assemble capital, build infrastructure, deliver energy across continents.

Then government intervenes and destroys the system throughout a variety of tactics up to the physical destruction of Nordstream.

Permits halted.
Exports frozen.
Sanctions imposed.
Energy shipments through the Persian Gulf constrained not by capacity, but by state conflict.
Infrastructure like Nord Stream AG rendered inert not by engineering limits, but by ...

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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