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FSB is preparing for the post-Putin era, DW columnist Konstantin Eggert writes. The recent arrest of Ilya Traber, who controls much of northwest Russia's port infrastructure and knows Putin well, shows no one in the inner circle is untouchable anymore, and FSB loyalists will now run the shadow fleet ports, positioning younger security service heirs to gradually push aside Putin's old circle in the coming power struggle.

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TG 2139: Doomed To Fail? U.S. And Iran Open Talks In Switzerland

George Szamuely discusses the start of the U.S.-Iran talks in a Swiss mountain resort, and wonders whether they have any chance of succeeding.

00:35:34
TG 2138: G7 Prepares To Escalate War In Ukraine

George Szamuely and Peter Lavelle discuss the G7 summit in Évian-les-Bains, France, and wonder whether President Trump will fully embrace its program to escalate the war in Ukraine.

00:50:52
Live Chat
Monday Night At The Movies: "Knife In The Water" (1962)

Join Gagglers for "Knife In The Water"!
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

01:34:08
Monday Night At The Movies

Please choose which one of the following 8 movies you would like to have screened next Monday, June 22.

To mark the World Cup, the theme, is "football and international sporting events."

Please continue to vote in this poll after June 22, so that we can determine the runner-up. The runner-up will be screened on June 29.

Not to be modest, but I predicted this 7 years ago. Not yesterday, not in 2022. Seven years.

At the time, most people who are now "experts" on the Russia–Ukraine war couldn’t even find Crimea on a map.

But what do I know... https://x.com/nikola_mikovic/status/2068681482927825323?s=20

The dollar has a band it must stay inside of.

Too high, and dollar-denominated debt becomes unpayable. Defaults cascade. The system cracks.

Too low, and the US loses the reserve premium that makes its economy the world's primary beneficiary.

The United States can manage this band most of the time. But control is not guaranteed.

Here is the deeper trap. The only tool available to weaken the dollar is to loan more of them into existence. When supply goes up, the dollar comes down. Simple enough.

Except every dollar loaned into existence eventually comes due. And when debt is repaid, those dollars are destroyed. Demand surges. The dollar climbs back.

This is why decades of QE, bailouts, and stimulus have never permanently broken the dollar lower. The mechanism used to weaken it contains the seeds of its own reversal.

The debt always calls it home.
https://x.com/Monetary_Metals/status/2068726384491651324?s=20

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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