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[Dec 08, 2018] Owning the lawmakers doesn't make banksters not criminals, it just makes them criminals that are above the law

Dec 08, 2018 | www.alternet.org

Guest • 6 years ago

[Nov 20, 2018] A Finance Magnates analysis reports that one of the swindles alone has brought in over a billion dollars and employs 5,000 people. And a new scam, described below, may help what is predicted to be "the next major driver of the Israeli economy."

Nov 20, 2018 | www.unz.com

ChuckOrloski , says: November 17, 2018 at 1:13 pm GMT

Very important, with "Eyes Wide Open," Alison Weir, below!

https://israelpalestinenews.org/is-israel-turning-a-blind-eye-as-israeli-scammers-swindle-victims-in-france-us-elsewhere/

renfro , says: November 17, 2018 at 5:53 pm GMT
@ChuckOrloski Not surprising to anyone who understands that stealing ,especially from 'others' is a first choice career of Jews/Israelis.
I have always suspected that the 9 billion of stolen Iraq funds were stolen by the Jews who were embedded in the US occupation administration and sent to Israel. Israel was so broke in 2001 they asked the Us for economic aid then suddenly in 2004 by some miracle they were rolling in surplus money again.

Investigations reveal a pattern of Israeli officials stone-walling efforts to stop the perpetrators of massive financial swindles in various countries, from Europe to the US to the Philippines While some Israeli reporters work to expose the scams, a new one is already underway

By Alison Weir

[MORE]
French and Israeli media report that a group largely made up of Israelis scammed 3,000 French citizens out of approximately $20 million. Most of the stolen money is in Israel, but Israeli authorities are reportedly failing to cooperate with France in prosecuting the scammers and retrieving the money.
This is the latest of numerous examples of Israeli officials stone-walling international efforts against the perpetrators of massive financial swindles around the world, according to Israeli investigative journalists and others. These scams have brought estimated billions into the Israeli economy, propping up a regime widely condemned for human rights abuses and ethnic cleansing against indigenous Palestinians. Together, the stories paint a picture of a government that seems to be turning a blind eye to -- and even protecting -- scammers.

A Finance Magnates analysis reports that one of the swindles alone has brought in over a billion dollars and employs 5,000 people. And a new scam, described below, may help what is predicted to be "the next major driver of the Israeli economy."

A former IRS expert on international crime notes that "fraudulent industries are often major economic drivers, and that can translate into political clout."
Some Israeli journalists have been working to expose the situation in Israeli newspapers, publishing exposés like "As Israel turns blind eye to vast binary options fraud, French investigators step in" and "Are French Jewish criminals using Israel as a get-out-of-jail card?" (Short answer: yes.)

Victimizing French business owners & churches

The victims of the recent scam against French citizens included churches and the owners of small businesses -- delicatessens, car repair shops, hair salons, plumbers, etc. Some lost their life savings and describe being threatened and intimidated by the scammers.

[Oct 06, 2018] America s new aristocracy lives in an accountability-free zone by David Sirota

Notable quotes:
"... Accountability is for the little people, immunity is for the ruling class. If this ethos seems familiar, that is because it has preceded some of the darkest moments in human history ..."
"... September began with John McCain's funeral – a memorial billed as an apolitical celebration of the Arizona lawmaker, but which served as a made-for-TV spectacle letting America know that everyone who engineered the Iraq war is doing just fine. ..."
"... The underlying message was clear: nobody other than the dead, the injured and the taxpayer will face any real penalty for the Iraq debacle. ..."
"... Meanwhile, JP Morgan CEO Jamie Dimon garnered non-Onion headlines by floating the idea of running for president – a reminder that a decade after his firm played a central role in destroying countless Americans' economic lives, he remains not only unincarcerated and gainfully employed, but so reputationally unscathed that he is seen as a serious White House candidate. ..."
Oct 05, 2018 | www.theguardian.com

Accountability is for the little people, immunity is for the ruling class. If this ethos seems familiar, that is because it has preceded some of the darkest moments in human history

'If there are no legal consequences for profiteers who defrauded the global economy into a collapse, what will deter those profiteers from doing that again?' Illustration: Mark Long/Mark Long for Guardian US W hen the former Enron CEO Jeffrey Skilling was released from prison a few weeks ago, the news conjured memories of a corporate scandal that now seems almost quaint – and it was also a reminder that Enron executives were among the last politically connected criminals to face any serious consequences for institutionalized fraud.

Since Skilling's conviction 12 years ago, our society has been fundamentally altered by a powerful political movement whose goal is not merely another court seat, tax cut or election victory. This movement's objective is far more revolutionary: the creation of an accountability-free zone for an ennobled aristocracy, even as the rest of the population is treated to law-and-order rhetoric and painfully punitive policy.

Let's remember that in less than two decades, America has experienced the Iraq war, the financial crisis, intensifying economic stratification, an opioid plague, persistent gender and racial inequality and now seemingly unending climate change-intensified disasters. While the victims have been ravaged by these crime sprees, crises and calamities, the perpetrators have largely avoided arrest, inquisition, incarceration, resignation, public shaming and ruined careers.

That is because the United States has been turned into a safe space for a permanent ruling class. Inside the rarefied refuge, the key players who created this era's catastrophes and who embody the most pernicious pathologies have not just eschewed punishment – many of them have actually maintained or even increased their social, financial and political status.

The effort to construct this elite haven has tied together so many seemingly disparate news events, suggesting that there is a method in the madness. Consider this past month that culminated with the dramatic battle over the judicial nomination of Brett Kavanaugh.

September began with John McCain's funeral – a memorial billed as an apolitical celebration of the Arizona lawmaker, but which served as a made-for-TV spectacle letting America know that everyone who engineered the Iraq war is doing just fine.

The event was attended by Iraq war proponents of both parties, from Dick Cheney to Lindsey Graham to Hillary Clinton. The funeral featured a saccharine eulogy from the key Democratic proponent of the invasion, Joe Lieberman, as well the resurrection of George W Bush. The codpiece-flaunting war president who piloted America into the cataclysm with "bring 'em on" bravado, "shock and awe" bloodlust and "uranium from Africa" dishonesty was suddenly portrayed as an icon of warmth and civility when he passed a lozenge to Michelle Obama. The scene was depicted not as the gathering of a rogues gallery fit for a war crimes tribunal, but as a venerable bipartisan reunion evoking nostalgia for the supposed halcyon days – and Bush promptly used his newly revived image to campaign for Republican congressional candidates and lobby for Kavanaugh's appointment .

The underlying message was clear: nobody other than the dead, the injured and the taxpayer will face any real penalty for the Iraq debacle.

Next up came the 10th anniversary of the financial crisis – a meltdown that laid waste to the global economy, while providing lucrative taxpayer-funded bailouts to Wall Street firms.

To mark the occasion, the three men on whose watch it occurred – Fed chair Ben Bernanke, Bush treasury secretary Hank Paulson and Obama treasury secretary Tim Geithner – did not offer an apology, but instead promised that another financial crisis will eventually occur, and they demanded lawmakers give public officials more power to bail out big banks in the future.

In a similar bipartisan show of unity, former Trump economic adviser Gary Cohn gave an interview in which he asked "Who broke the law?" – the implication being that no Wall Street executives were prosecuted for their role in the meltdown because no statutes had been violated. That suggestion, of course, is undermined by banks ' own admissions that they defrauded investors (that includes admissions of fraud from Goldman Sachs – the very bank that Cohn himself ran during the crisis). Nonetheless, Obama's attorney general, Eric Holder – who has now rejoined his old corporate defense law firm – subsequently backed Cohn up by arguing that nobody on Wall Street committed an offense that could have been successfully prosecuted in a court of law.

Meanwhile, JP Morgan CEO Jamie Dimon garnered non-Onion headlines by floating the idea of running for president – a reminder that a decade after his firm played a central role in destroying countless Americans' economic lives, he remains not only unincarcerated and gainfully employed, but so reputationally unscathed that he is seen as a serious White House candidate.

Again, the message came through: nobody who engineered the financial crisis will pay any real price for wreaking so much havoc.

Then as Hurricane Florence provided the latest illustration of climate change's devastation, ExxonMobil marched into the supreme court to demand an end to a state investigation of its role denying and suppressing climate science. Backed by 11 Republican attorneys general , the fossil fuel giant had reason to feel emboldened in its appeal for immunity: despite investigative reporting detailing the company's prior knowledge of fossil fuel's role in climate change, its executives had already convinced the Securities and Exchange Commission to shut down a similar investigation.

Once again, the message was unavoidable: in the new accountability-free zone, companies shouldn't be bothered to even explain – much less face punishment for – their role in a crisis that threatens the survival of the human species.

... ... ...

The answer is nothing – which is exactly the point for the aristocracy. But that cannot be considered acceptable for the rest of us outside the accountability-free zone.

David Sirota is a Guardian US columnist and an investigative journalist at Capital & Main. His latest book is Back to Our Future: How the 1980s Explain the World We Live In Now

[Jul 22, 2018] Rosenstein unleashed the most awesome powers of a special counsel to investigate an allegation that the key FBI officials, driving the investigation for 10 months beforehand, did not think was "there."

They fight like real Mafiosi clans. Time to want godfather again...
Jul 22, 2018 | www.zerohedge.com

Quoted from: This One FBI Text In The Russia Probe Should Alarm Every American Zero Hedge

Authored by John Solomon, op-ed via TheHill.com,

That passage was transmitted on May 19, 2017. "There's no big there there," Strzok texted.

The date of the text long has intrigued investigators: It is two days after Deputy Attorney General Rod Rosenstein named special counsel Robert Mueller to oversee an investigation into alleged collusion between Trump and the Russia campaign.

Since the text was turned over to Congress, investigators wondered whether it referred to the evidence against the Trump campaign.

This month, they finally got the chance to ask. Strzok declined to say -- but Page, during a closed-door interview with lawmakers, confirmed in the most pained and contorted way that the message in fact referred to the quality of the Russia case, according to multiple eyewitnesses.

The admission is deeply consequential. It means Rosenstein unleashed the most awesome powers of a special counsel to investigate an allegation that the key FBI officials, driving the investigation for 10 months beforehand, did not think was "there."

By the time of the text and Mueller's appointment, the FBI's best counterintelligence agents had had plenty of time to dig. They knowingly used a dossier funded by Hillary Clinton 's campaign -- which contained uncorroborated allegations -- to persuade the Foreign Intelligence Surveillance Act (FISA) court to issue a warrant to monitor Trump campaign adviser Carter Page (no relation to Lisa Page).

They sat on Carter Page's phones and emails for nearly six months without getting evidence that would warrant prosecuting him. The evidence they had gathered was deemed so weak that their boss, then-FBI Director James Comey , was forced to admit to Congress after being fired by Trump that the core allegation remained substantially uncorroborated.

In other words, they had a big nothing burger. And, based on that empty-calorie dish, Rosenstein authorized the buffet menu of a special prosecutor that has cost America millions of dollars and months of political strife.

The work product Strzok created to justify the collusion probe now has been shown to be inferior : A Clinton-hired contractor produced multiple documents accusing Trump of wrongdoing during the election; each was routed to the FBI through a different source or was used to seed news articles with similar allegations that further built an uncorroborated public narrative of Trump-Russia collusion. Most troubling, the FBI relied on at least one of those news stories to justify the FISA warrant against Carter Page.

That sort of multifaceted allegation machine, which can be traced back to a single source, is known in spy craft as "circular intelligence reporting," and it's the sort of bad product that professional spooks are trained to spot and reject.

But Team Strzok kept pushing it through the system, causing a major escalation of a probe for which, by his own words, he knew had "no big there there."

The answer as to why a pro such as Strzok would take such action has become clearer, at least to congressional investigators. That clarity comes from the context of the other emails and text messages that surrounded the May 19, 2017, declaration.

It turns out that what Strzok and Lisa Page were really doing that day was debating whether they should stay with the FBI and try to rise through the ranks to the level of an assistant director (AD) or join Mueller's special counsel team.

"Who gives a f*ck, one more AD like [redacted] or whoever?" Strzok wrote, weighing the merits of promotion, before apparently suggesting what would be a more attractive role: "An investigation leading to impeachment?"

Lisa Page apparently realized the conversation had gone too far and tried to reel it in. "We should stop having this conversation here," she texted back, adding later it was important to examine "the different realistic outcomes of this case."

A few minutes later Strzok texted his own handicap of the Russia evidence: "You and I both know the odds are nothing. If I thought it was likely, I'd be there no question. I hesitate in part because of my gut sense and concern there's no big there there."

So the FBI agents who helped drive the Russia collusion narrative -- as well as Rosenstein's decision to appoint Mueller -- apparently knew all along that the evidence was going to lead to "nothing" and, yet, they proceeded because they thought there was still a possibility of impeachment.

Impeachment is a political outcome. The only logical conclusion, then, that congressional investigators can make is that political bias led these agents to press an investigation forward to achieve the political outcome of impeachment, even though their professional training told them it had "no big there there."

And that, by definition, is political bias in action.

How concerned you are by this conduct is almost certainly affected by your love or hatred for Trump. But put yourself for a second in the hot seat of an investigation by the same FBI cast of characters: You are under investigation for a crime the agents don't think occurred, but the investigation still advances because the desired outcome is to get you fired from your job.


two hoots -> FactDog Fri, 07/20/2018 - 19:39 Permalink

Who directed, encouraged Rosenstein to authorize the probe? Did he do it on his own accord based on previous investigations, was he pushed by Comey? Just where did the idea come from and based upon what? (I forgot or never really knew)

Not Too Important -> two hoots Fri, 07/20/2018 - 20:12 Permalink

It all starts with Brennan, and the people he answers to.

Then there's this:

'Intel Operative who Altered Obama's Passport Records Turned FBI Informant on Boss John Brennan, Then Turned Up Murdered in D.C.'

"A key witness in a federal probe into Barack Obama's passport information stolen and altered from the State Department was gunned down and killed in front of a District church in D.C.

Lt. Quarles Harris Jr., 24, who had been cooperating with a federal investigators, was found late at night slumped dead inside a car. He was reportedly waiting to meet with FBI agents about his boss John Brennan."

https://truepundit.com/intel-operative-who-altered-obamas-passport-reco

Seth Rich was also on his way to meet with FBI agents. Something about meeting with FBI agents is lethal.

nmewn -> Not Too Important Fri, 07/20/2018 - 20:35 Permalink

The other fascinating thing is, Strzoks dad , who he was, where he has been and doing in the past.

He was in Iran when the revolution happened working for, ahem, Bell Helicopter. He was also in Burkina Faso doing "charity work" just as he was the Director later on for Catholic Relief Services in...now wait for it...Haiti....lol.

In the infamous words of Tom Brokaw & Charlie Rose "We really don't know who he is or what he believes." ;-)

Big Creek Rising -> Richard Chesler Fri, 07/20/2018 - 22:05 Permalink

Y' all have good comments as usual and you're generally right, but there's a big problem in that almost 60% of 'murica is not paying attention. Half of those are airheads more worried about the minivan having enough gas to get to all the soccer games tomorrow and which McDonald's is closer to the fields. They have four buttons on the radio set to NPR and thus the resultant brain rot. The other half are libtards with no brains to rot. They could find Hillary with a bloody knife in her hand standing over five dead children and convict her of nothing more than having strange ideas about breakfast.

MoreFreedom -> beemasters Fri, 07/20/2018 - 22:53 Permalink

Brennan is pushing back for one reason - he's guilty as sin and doesn't want what he's done found out. Trying to setup Trump with spies, spying on Trump's campaign, and covering up for the hacking of Hillary's server, acts of treason, are likely his lesser sins.

asiafinancenews -> two hoots Fri, 07/20/2018 - 21:30 Permalink

If Strozk and Rosenstein had a shred of personal honor and decency, they would have resigned by now.

Jim in MN -> Jim in MN Fri, 07/20/2018 - 19:09 Permalink

Watergate times a billion: The use of a fully weaponized police state against a domestic political opponent. They committed numerous serious crimes in the process, and being arrogant pricks, left a wide paper trail....a trail that leads to the White House as well as Her Fury, Hillary Clinton.

We need the meeting notes. Brennan ran the thing out of Langley. I'm sure they kept as many notes as the Stasi did.

Jarrett and Rice, the most likely conduits to Obama and Biden.

Don't forget John Kerry.

insanelysane Fri, 07/20/2018 - 20:29 Permalink

The real question now is, Did Mueller get rid of the lovebirds because of their texts or because they didn't think there was any there there and he need people that would be willing to find a there where there was no there there?

slightlyskeptical Fri, 07/20/2018 - 21:05 Permalink

Think two friends anywhere else in the USA discussed a Trump impeachment when news came out on an investigation? Think they came to the conclusion there is nothing there and impeachment wouldn't happen? I can testify it happened in my simple household.

Strozk's comment " If I thought it was likely, I'd be there no question." infers that he wasn't "there". This conversation points to nothing except their personal distaste for Trump which we already knew. I still see nothing showing any wrong doing. Think Elliot Ness was happy whenever they got evidence on Capone? Think they never talked about getting him over lunch with fellow agents? Prosecutors and investigators don't have to like the people they are looking at and usually probably don't. It is only a problem if it caused them to be impartial in the investigation which the IG says there is no evidence of in this case.

The bottom line i get from your side is that no one who is partisan should have any role in investigating someone on the other side. Should we just limit it to people who support that side? if we can find intelligent, fair people who are not partisan shouldn't we make them our leaders and just let them decide everything?

Who should be able to investigate something like the NRA using a spy to funnel money to someones campaign? Rudy?

chubbar -> Jim in MN Fri, 07/20/2018 - 19:36 Permalink

I don't have a link and I don't think anyone here is going to doubt it, but I read today where new emails indicate the Obama White House started illegally investigating Trump in 2015.

So many outrageous activities are being uncovered on an almost daily basis I doubt this gets much traction but what an outrage.

chubbar -> Jim in MN Fri, 07/20/2018 - 19:36 Permalink

I don't have a link and I don't think anyone here is going to doubt it, but I read today where new emails indicate the Obama White House started illegally investigating Trump in 2015.

So many outrageous activities are being uncovered on an almost daily basis I doubt this gets much traction but what an outrage.

enough of this Fri, 07/20/2018 - 19:18 Permalink

The Praetorians at the FBI and DOJ believe they are invulnerable but their time is running out.

http://www.investmentwatchblog.com/the-fbi-and-doj-praetorian-guard-the

knightowl77 -> YourAverageJoe Fri, 07/20/2018 - 19:55 Permalink

The entire Colorado delegation is pushing to have "Russia declared a State Sponsor of Terrorism"....I have ZERO representation

earleflorida Fri, 07/20/2018 - 19:38 Permalink

the FBI has been incorporated into the CIA, [and] the CIA nominates its agents as candidates for congress...

look at G H W Bush & Jr. and the Strozk/Page BS!!!

the country is infested with traitors.... @ Total Eclipse by Andy Giardino ****Great Site

https://www.youtube.com/watch?v=XxHEa99DJIk

Reaper Fri, 07/20/2018 - 20:46 Permalink

The FBI M.O. is the use of Form 302 interrogations to entrap suspects. Using the threat of prosecution to compel auxiliary parties to become witnesses for the DOJ. It's very simple: interview several people about what was said or transpired at an earlier time. If there are any disagreements you could prosecute any of them for lying to the FBI. Worse, as was seen with McCabe/Flynn, the FBI will claim you said something, which you might deny at trial, but the jury will believe the two FBI lying FBI agents who questioned you without a recording.

https://boingboing.net/2013/05/07/dont-ever-speak-to-the-fbi-w.html

Would you lie in court to avoid a federal prosecution for lying to the FBI?

MACAULAY Fri, 07/20/2018 - 23:28 Permalink

This article omits one important point.

Struck had been on the Trump Collusion Case for about a year before he said "there is no there there."

About a year earlier (2016), he had just finished up clearing Hillary and was headed off to London to start trying to hang Trump---probably to meet Steele, or maybe the fat turd professor they hired to hustle the Trump hangers-on.

Then, he was excited then to be going after Trump. He texted Page then that "THIS MATTERS"!

What did he find in that first year? NOTHING.

Same thing Mueller has found in the second year and into the third. NOTHING.

How long should the American people tolerate it?

[Jul 16, 2018] The West Is Past

Notable quotes:
"... Two U.S. 'realists', Henry Kissinger and Zbigniew Brzezinski, had always warned that the 'west' must keep China and Russia apart if it wants to keep its leading global position. Nixon went to China to achieve that. ..."
"... Years later the U.S. fell for the myth that it had 'won' the Cold War. It felt invincible, the 'sole superpower' and sought to 'rule them all'. It woke up from that dream after it invaded Iraq. The mighty U.S. military was beaten to pulp by the 'sand niggers' it despised. A few years later U.S. financial markets were in shambles. ..."
"... Crude attempts to further encircle Russia led to the Chinese-Russian alliance that now leads the SCO and soon, one might argue, the world. There will be no photo like the above from the SCO summit. The Chinese President Xi calls Russia's President Putin 'my best friend'. ..."
"... Agreed! But what will the US psychopaths do to maintain their grip when they realize they are really losing it? Nuclear war? ..."
"... Watching the two meetings play out has really been interesting, that the West is dead is not in question. And once it started it seems to be gaining momentum. I don't know how many readers here watch CGTN but it is amazing. My IQ goes up every time I watch. Astonishing how much more valuable information you get from a "heavily censored" Chinese news compared to MSM. The website is a little slow at times but it is well worth the wait. ..."
Jun 10, 2018 | www.moonofalabama.org

G-7 summits are supposed to symbolize "the west", its unity and its power. The summits pretended to set policy directions for the world. We are happy to see that they are dead.

Trump was obviously not inclined to compromise.

Before attending the summit Trump trolled his colleagues by inviting Russia to rejoin the G-7/G-8 format without conditions. Russia had been kicked out after Crimea voted to join its motherland. Merkel, who had negotiated the Minsk agreement with Russia, was furious. She wants to use such an invitation as an element of future negotiations. (It is stupid talk. Russia is not interested in rejoining the G-7/G-8 format.)

There are now many fields where the U.S. and its allies disagree: climate change, the Iran deal, trade are only the major ones.

Before leaving the summit Trump again used Mafia language against everyone else:

As he prepared to depart early from the G-7 summit in Charlevoix, Canada, to head to Singapore ahead of his planned meeting with North Korean leader Kim Jong Un, Trump delivered an ultimatum to foreign leaders, demanding that their countries reduce trade barriers for the U.S. or risk losing market access to the world's largest economy.

"They have no choice. I'll be honest with you, they have no choice," Trump told reporters at a news conference, adding that companies and jobs had left the U.S. to escape trade barriers abroad. "We're going to fix that situation. And if it's not fixed, then we're not going to deal with these countries. "

The row at the G-7 meeting was in stark contrast to the more important other meeting that happened today, the 18th Shanghai Cooperation Organization (SCO) summit in Qingdao, China:

Dazzling against the city skyline of Qingdao, fireworks lit up the faces of guests who traveled across the vast Eurasian continent to the coast of the Yellow Sea for the 18th Shanghai Cooperation Organization (SCO) summit, on Saturday night.

It is the first such summit since the organization's expansion in June 2017 when India and Pakistan joined as full members.

...

The Shanghai Spirit of mutual trust, mutual benefit, equality, consultation, respect for diverse civilizations and pursuit of common development , was stated in the Charter of the SCO, a comprehensive regional organization founded in 2001 by China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan and later expanded to eight member states.

This weekend Xi will chair the summit for the first time as Chinese president, which is attended by leaders of other SCO member states and four observer states, as well as chiefs of various international organizations.

...

The SCO has grown to be an organization covering over 60 percent of the Eurasian landmass, nearly half the world's population and over 20 percent of global GDP.

Two U.S. 'realists', Henry Kissinger and Zbigniew Brzezinski, had always warned that the 'west' must keep China and Russia apart if it wants to keep its leading global position. Nixon went to China to achieve that.

Years later the U.S. fell for the myth that it had 'won' the Cold War. It felt invincible, the 'sole superpower' and sought to 'rule them all'. It woke up from that dream after it invaded Iraq. The mighty U.S. military was beaten to pulp by the 'sand niggers' it despised. A few years later U.S. financial markets were in shambles.

Crude attempts to further encircle Russia led to the Chinese-Russian alliance that now leads the SCO and soon, one might argue, the world. There will be no photo like the above from the SCO summit. The Chinese President Xi calls Russia's President Putin 'my best friend'.

The 'west' has lost in Eurasia.

The U.S. is reduced to a schoolyard bully who beats up his gang members because their former victims have grown too big. Trump is off to Singapore to meet Kim Yong-un. Unlike Trump North Korea's supreme leader will be well prepared. It is likely that he will run rings around Trump during the negotiations. If Trump tries to bully him like he bullies his 'allies', Kim will pack up and leave. Unlike the U.S. 'allies' he has no need to bow to Trump. China and Russia have his back. They are now the powers that can lead the world.

The 'west' is past. The future is in the east.

Posted by b on June 9, 2018 at 03:14 PM | Permalink


Kelli , Jun 9, 2018 3:37:22 PM | 1

Agreed! But what will the US psychopaths do to maintain their grip when they realize they are really losing it? Nuclear war?
Laguerre , Jun 9, 2018 3:44:17 PM | 2
Yeah, I was just thinking that. Trump is running full-speed into isolation. It's an ancient policy, which recalls the 1920s. What does America need of the outside world? Good question.

I would think we will hear in the not too distant future of a European replacement of the US exchange systems, such as VISA. The Americans have become too unreliable. Obviously the Russians and Chinese do have their own systems, but that won't do for the EU.

Independence is going to be forced, and the consequences will be permanent.

Babyl-on , Jun 9, 2018 3:53:27 PM | 5

Watching the two meetings play out has really been interesting, that the West is dead is not in question. And once it started it seems to be gaining momentum. I don't know how many readers here watch CGTN but it is amazing. My IQ goes up every time I watch. Astonishing how much more valuable information you get from a "heavily censored" Chinese news compared to MSM. The website is a little slow at times but it is well worth the wait.

Last year during the border standoff with India they had on strident Indian voices arguing the Indian position every day. Imagine if CNN had on Mexican reps regarding the wall - never happen.

Harry Law , Jun 9, 2018 3:59:37 PM | 6
Because Iran was under sanctions levied by the United Nations earlier, it was blocked from admission as a new member of the Shanghai Cooperation Council [SCO]. The SCO stated that any country under UN sanctions could not be admitted. After the UN sanctions were lifted, Chinese president Xi Jinping announced its support for Iran's full membership in SCO during a state visit to Iran in January 2016.Iran must join the SCO ASAP it is also a military alliance and should prepare itself for a big effort at regime change by the US and lackeys. The moral of the story unless they hang together, the US will hang them separately.
ashley albanese , Jun 9, 2018 4:01:15 PM | 7
Well, China as the text books say was always ' half the human story' - only eclipsed by Western connivance in the 1860's .I remember my father argueing with high ranking Australian government and commercial figures in 1970.

My father argued Australia needed to find its own voice with China and Chinese policy . They replied sneeringly '' Ralph , their just red communists and will never amount to anything ' . Shortly thereafter Nixon flew to Beijing and my father sat back in his living room with a sardonic look on his face !

Scotch Bingeington , Jun 9, 2018 4:05:14 PM | 8
Interesting picture! Judging by his posture, Japan's Prime Minister Abe seems to back Trump's position.

By the way, Mr. Abe doesn't look Japanese to me, he rather has a striking resemblance to a certain Bavarian actor - one Max Griesser .

Laguerre , Jun 9, 2018 4:13:18 PM | 9
You may like Freedland's article yesterday, which unusually I agreed with, that in fact Trump is a poor negotiator, and gives away tricks he doesn't have to. Why no concession from Israel, over the move of the US embassy to Jerusalem? Why give away the honour to NK of a one-to-one with the US president? I'd be surprised if NK surrenders, when they know what will happen if they do.

https://www.theguardian.com/commentisfree/2018/jun/08/trump-master-negotiator-meeting-kim-jong-un-art-of-deal

Madderhatter67 , Jun 9, 2018 4:18:15 PM | 10
They did win the Cold War. That's how they became the'sole superpower'.
Red Ryder , Jun 9, 2018 4:25:57 PM | 11
"President Putin is the leader of a great country who is influential around the world," Xi said. "He is my best, most intimate friend." Xi promised Russia and China would increase their coordination in the international arena.

Putin expressed his thanks for the honor and said he saw it as an "evaluation" of his nation's efforts to strengthen its relationship with its southern neighbor.

"This is an indication of the special attention and respect on which our mutual national interests are based, the interests of our peoples and, of course, our personal friendship," Putin said.

http://www.newsweek.com/putin-my-best-most-intimate-friend-chinese-president-xi-says-967531

This is not going missed by the West.

But it is unstoppable. The range of integrating projects the Chinese and Russians are working on is more than strategic.

They are forcing a massive shift in economics that is impossible for the US and EU to maintain as competitors.

https://sputniknews.com/analysis/201806091065269583-putin-xi-summit-takeaways/

The Double Helix is ascending.

Peter AU 1 , Jun 9, 2018 4:34:45 PM | 12
Interesting that Trump has said Russia should be invited back into the west's G7/G8 at this time. In cold war 1.0, Soviet Union was the main enemy of the US and China was split away from the Soviet Union. In this war, Trump sees China's economy as the main threat to the US and is trying but failing to pull Russia away from China.
Lea , Jun 9, 2018 4:45:07 PM | 13
Posted by: Madderhatter67 | Jun 9, 2018 4:18:15 PM | 10
They did win the Cold War. That's how they became the'sole superpower'.

If winning the Cold War is about vanquishing communism, they flat out lost. Because, while they were concentrating on the end of the USSR and celebrating, China was going up and up and up. They never saw her coming, yet to this day and for the foreseeable future, China is a socialist, Marxist country.

So the new, desperate Western spin is to try to argue that China has "succumbed" to capitalism. Yeah, right, a country where all the private companies have to have members of the CPC on their board and hand over enough shares to the state to grant it veto powers, not to mention the Central bank and all its major companies are state-owned... Lol.

les7 , Jun 9, 2018 4:49:57 PM | 14
"The 'west' is past. The future is in the east."

Wow... such grandiose conclusions...

After the collapse of the USSR the consensus - even of the alt-media (what little of it existed) was that a new American century was on the way and the whole world would be better off for it. A decade later in 2003 the consensus (post 'shock & awe' Gulf War 2) was that America had the ability to re-structure the Asian /African world and that it would all be for good.

15 years later we are all sick of the fruit of that delusion. So we look to another power to save us... Do we understand nothing?

Without the accountability of multi-polarity, Western supreme power all became security-obsessed privilege, self-aggrandizement, blatant plunder and total disregard for moral value and life. Power corrupts - it knows no exceptions.

If the West is truly dead, the East will be no different.

Laguerre , Jun 9, 2018 4:55:53 PM | 15
re 12
Interesting that Trump has said Russia should be invited back into the west's G7/G8 at this time.
Thought of a moment to annoy the Europeans. It is obvious that Trump was pissed off about having to attend, and left at the earliest opportunity. The Europeans heard that, and will draw the inevitable conclusions.
Quentin , Jun 9, 2018 4:57:21 PM | 16
Lea @ 13 Socialist, Marxist, Capitalist, what does it matter: it seems to work for China, at least for the time being. It's success makes me think that a bit more government control of corporations might not be such a bad thing.
Grieved , Jun 9, 2018 5:00:44 PM | 17
The summit with Kim will be fascinating to observe. In my view, NK has finessed the US and the Trump administration to a degree I would not have thought possible, even from native US insiders. To do it long range from the other side of the world speaks to me a lot about the power of Asia, and the clarity of view from there.

I agree with Laguerre @9 that Trump is a terrible negotiator (forgive that I didn't read the Guardian piece). I would take this much further and say that all the US institutions themselves are culturally crippled in terms of understanding what's happening in the ascendancy of Asia. All of their negotiation is feeble, because their grasp on their own true position is based on yesterday's view of their power. You cannot go into negotiation without knowing what you hold.

Every day, I become more confident in the ability of the elder nations to put the young western empires to rest without their being triggered into death spasms.

Red Ryder @11 - I see China's full-on drive for the one Road as its way of waging total war, its strategic masterstroke to render the enemy powerless without the enemy's realizing that it is being attacked. Russia as the other half of the Double Helix mesmerizes the west with weaponry while China undercuts the ground. Both countries are fully at war, and winning, while unseeing commenters complain that it's time for them to "do something." How superb the silk rope drawn so softly around the throat.

It's a beautiful play. I very much hope - and truly expect - that we can all survive to be able to sit back and admire it as the years unfold.

psychohistorian , Jun 9, 2018 5:05:30 PM | 18
I have a small quibble with b's wording but thank him for following and reporting on our evolving world.

b's words:"

The U.S. is reduced to a schoolyard bully who beats up his gang members because their former victims have grown too big.

"

My rewording:

The global elite have their US puppet acting like a schoolyard bully who beat up his gang members because their former victims have grown too big.

The West is trying to consolidate power and control while they still have some ghost of a chance. How they hold countries after this global divorce will be interesting.

At his time the West has little to offer humanistically except its vice grip on most economic interaction and the tools including banking underpinning the "system". The elite have deluded the public in the West for centuries about private finance behind the scenes of all/most conflict......pointing to other religions but never their own.

It sure is getting interesting. IMO, the two Koreas are going to announce a reconciliation that requires the removal of America military forces/bases et al, which fits in with the fake nationalism efforts of Trump.

Jen , Jun 9, 2018 5:09:16 PM | 19
That the US and the EU and their respective camps are at loggerheads over trade and perhaps other economic issues should not (I hope) lead readers to assume that one side has the interests of the public it represents uppermost in mind. As the US and the Anglosphere is dominated by one set of neoliberals, so Germany and the lackey EU nations following Berlin are dominated by another set of neoliberals in thrall to an export-led mercantilist ideology. Just as the elites in charge of US power structures are only interested in enriching themselves, the same can be said for those in charge of power structures in Europe. Whether under the US or the EU, the public suffers.

Notice that Germany benefits from being the major economic power in the EU while its fellow EU nations around the Atlantic and Mediterranean rim flail under a huge debt (and Greece is being punished back into the impoverished colonial status it held under Nazi German occupation) and eastern European EU members are following suit running their economies into the ground and having to beg NATO into setting up bases in their territories to attract money. At the same time German workers are becoming poorer, they are not benefiting from Berlin's economic policies, they are not reproducing fast enough so Berlin needs to bring in more foreign workers in the guise of "refugees" to prop up factories and keep wages low.

@ Madderhatter67: The US did not win the Cold War because the Cold War was only ever a propaganda front for the secret war waged by US / UK elites against Russia and China to dominate and rob these nations and their neighbours of their natural resources.

Grieved , Jun 9, 2018 5:12:25 PM | 20
@5 Babyl-on

Thanks for the nod to CGTN. For any who care, I searched out its YouTube channel and it produces a huge daily output in English:

https://www.youtube.com/user/CCTVNEWSbeijing/videos

I've recently added Vesti News to my news for the same reason, a large daily feed of short clips of the Russian view, in English:

https://www.youtube.com/channel/UCa8MaD6gQscto_Nq1i49iew/videos

I've never been a TV watcher, especially not for news, but I'm enjoying these tastes and flavors of this burgeoning century.

james , Jun 9, 2018 5:20:12 PM | 21
thanks b - and for the laugh with the marjorie and homer pic for comparison!

i think this parallel you draw is a good one.. the west is certainly floundering... i am not sure how global finance responds here... i can't imagine the 1% being on the wrong side of a bet on the direction of things here either..

@6 harry law.. did iran make it into the sco? it sounds like it did.. good!

@14 les7.. regarding your last line - i tend to agree with that viewpoint..

@19 jen... do you think it will be somehow different if the power shifts to russia/china? i guess i am not so sanguine over power, regardless of who holds it.

Wess County , Jun 9, 2018 5:23:01 PM | 22
Very well put, only issue that as to be dealt with is all those Stan Countries, they are a hibernating and breeding ground for Terrorists and Arms dealers , who don't care who they sell arms to and how they get them to rogue regimes.
Zanon , Jun 9, 2018 5:28:02 PM | 23
Its quite funny how Trump wrecked that meeting.

Trump could talk about Russia but who cares, he cant be trusted, hes totally unreliable and hopefully Russia sees that.

Zanon , Jun 9, 2018 5:29:13 PM | 24
at the same time Trump is a king, just look at how the pathetic western states STAND AROUND HIM begging him basically on all kinds of things!
Laguerre , Jun 9, 2018 5:57:10 PM | 25
re Grieved 17
I see China's full-on drive for the one Road as its way of waging total war, its strategic masterstroke to render the enemy powerless without the enemy's realizing that it is being attacked.
I do think you're exaggerating there.

China's past history has been one of a country very contented with itself, much like the US, because defended geographically by vast deserts. A longer history, so some foreigners did traverse the deserts.

The Chinese exported their products by foreign ships (Arabo-Persian) arriving at Canton, and buying cargoes, or camel caravans arriving in the north and buying silk. The Chinese themselves did not travel abroad very much, and so didn't know very much about surrounding countries, or the rest of the world. There was a fleet of Chinese junks which arrived in the Gulf in the 14th century, but it was the only one.

Today's situation is not so different. There are Chinese interventions in Africa, but their diplomacy is pretty ham-fisted. The Belt-and-Road initiative is in fact intended to bring up to speed Central Asian countries like Tajikistan. Fine, Tajikistan needs it, but it's not world-changing.

The rail freight from Beijing to Frankfurt works better as an intermediate between sea and air freight, but essentially it is what has always happened - foreigners export Chinese products. The Chinese don't know how to run a foreign policy.

bjd , Jun 9, 2018 5:58:01 PM | 26
I am surprised nobody here remarked on the pontifically present John Bolton.

This was about Iran, I am pretty sure.

bjd , Jun 9, 2018 6:02:20 PM | 27
I note, by the way, that in the second photo, the two persons holding a paper are not on the same page .

Talk about symbolism.

bjd , Jun 9, 2018 6:07:30 PM | 28
Have a closer look and you'll see that in the first photo, John Bolton is talking (Trump is silent and sitting there like 'Il Duce').

Bolton is talking to Macron, who is looking straight at Bolton.

In the second photo, Merkel is looking at Bolton, who is probably speaking at that moment.

Tell me this is not about Iran.

michaelj72 , Jun 9, 2018 6:26:40 PM | 29
hopehely at @4

"OK, so, is Japan 'east' or 'west'?"

from their body language, I would say that Japan is surely 'with' Trump and the US, but that's only because that arch-reactionary Abe is in power.....and when he goes, and go he will, there will be a big period of adjustment...some day.

Villainesse , Jun 9, 2018 6:26:46 PM | 30
The scambastic Trump could be inclined to make a slightly more fair deal in Singapore just to make a deal, but he is going extra early (no jet lag) and will be controlled by Pompeo with his 'Grim Reaper' CIA-dog/warhawk/translator/born & raised S. Korean with multiple relations in their South KCIA (NIS) and cabinet leadership, Andrew Kim (born Kim Sung-hyun). Kim's purpose will be to control Trump's spontaneaous decision making, inform him on what he reads as N. Korea's intent, and give baseline hawkish color to the translations for his own hawkish viewpoint.
annie , Jun 9, 2018 6:29:13 PM | 31
bjd, bolton is trump's overseer, making sure he doesn't step out of line.

Trump is a poor negotiator, and gives away tricks he doesn't have to. Why no concession from Israel, over the move of the US embassy to Jerusalem?

Laguerre, you have it backwards. the embassy move, the iran deal, and the appointment of bolton are all concessions trump made, as payback for adelson's millions to both the gop and his campaign. possibly also has a little something to do cambridge analytica, honey traps or whatever.

Adelson: the casino mogul driving Trump's Middle East policy

The imprint of the 84-year-old's political passions is seen in an array of Donald Trump's more controversial decisions, including violating the Iran nuclear deal, moving the American embassy in Israel to Jerusalem, and appointing the ultra-hawkish John Bolton as national security adviser.

......The New York Times reported that Adelson is a member of a "shadow National Security Council" advising Bolton

Jen , Jun 9, 2018 6:36:52 PM | 32
James @ 21: I think one should always be a bit suspicious of those who hold power, especially those who find themselves holding the uppermost hand in power as a result of victory in war (whether in the form of actual military combat, trade war or other wars in soft power).

Russia under Vladimir Putin and China under Xi Jinping may be fine but will their successors know not to abuse the power they may gain from the New Silk Road projects encompassing Eurasia and Africa?

hopehely , Jun 9, 2018 6:38:17 PM | 33
Posted by: bjd | Jun 9, 2018 6:02:20 PM | 27
I note, by the way, that in the second photo, the two persons holding a paper are not on the same page.

Talk about symbolism.

In that pic, is that Miller lurking from behind?

Red Ryder , Jun 9, 2018 6:42:03 PM | 34
@29, bjd,

Of course, it is about Iran. It's the Iranian deal that the EU needs to continue. They benefit as the biggest vendors to Iran. They want to get inside that developing 70 million person market, also.

Bolton wants regime change. The EU knows that will be worse than Iraq. And economically, the EU will be in the dumps for 2 decades if there's another war they are forced to join. And they will be forced to join. They cannot say No to the Hegemon.

The EU 2, Germany and France, are at a historic moment of truth.

They could have a great future with Russia, China, Iran, the BRICS, SCO, OBOR and EAEU or they could be crippled by the Empire.

John Gilberts , Jun 9, 2018 7:01:17 PM | 35
Excellent analysis as always. Here's the muck CBC is reporting on the summit.

Canada Rejects Trump's Call to Let Russia Back Into G-7

http://www.cbc.ca/news/politics/trump-russia-g7-canada-1.4697655

"...But Canada, which pushed for Russia to get the boot in 2014, is not onside. 'Russia was invited to be part of this club and I think that was a very wise initiation, and an invitation full of goodwill,'[FM Chrystia Freeland] she told reporters at the summit. 'Russia, however, made clear that it had no interest in behaving according to the rules of Western democracies..."

Glad to hear it...

michaelj72 , Jun 9, 2018 7:15:43 PM | 36
it's kind of wonderful to see all these imperialist and former neo-colonial powers fighting among themselves.

unfortunately, like the old African proverb goes, when the elephants fight it's the grass and small animals that suffer.

I see no reason for optimism for the peoples of europe at this point, as the stranglehold of the Trioka is perhaps as strong as ever, and hundreds of millions of people are suffering; the people simply have to get organized at all levels and take back their sovereignty at least as a start

WorldBLee , Jun 9, 2018 7:17:31 PM | 37
The US still has the power of the dollar in its arsenal. The UK and EU, and any nation that deals with Wall Street, are addicted to US investment in dollars. Since the EU is run by the banks, and western banks can't function with the dollar, any statements by the EU that they're going to avoid US sanctions over Iran are meaningless.

The equation is essentially this: you can have your sovereignty or you can have the benefits of the dollar that make your 1% very rich. You can't have both. Since the EU is ruled by the 1% banker/investor class they will forestall any attempts to regain sovereignty by the people. In a sense, Europe is like Russia 10-15 years ago, thinking that the US is the key to the golden calf. Russia learned the hard way they needed to establish some independence (although to this day Russia doesn't have nearly the financial independence one might hope), and China saw from Russia's example they needed to do so as well. This led them to team up on many economic initiatives while seeking to reduce the dominance of the dollar.

Perhaps someday Europe will learn this lesson. But as long as the EU exists, I kind of doubt it. The EU-crats will cry and criticize Trump but the bankers love US money too much to let them actually do anything serious.

Ghost Ship , Jun 9, 2018 7:20:38 PM | 38
Paul Krugman is tweeting that this is all happening because Trump doesn't understand Value-Added Tax !

This is not an endorsement of Krugman who is trying to blame it on Putin.

rexl , Jun 9, 2018 7:56:05 PM | 39
If the West is dead and the East is the future, then why are so many Chinese buying houses and living part time in Canada, Australia, and the USA? Why is there so much emphasis put on Western education facilities by Asians?
Winston , Jun 9, 2018 8:02:05 PM | 40
I'm sure Trump doesn't understand VAT.

Most Americans don't no matter how much explanation I go into.

They insist its a tariff or duty,which its not.

I've given up trying to explain its a sales tax on all,paying at customs is merely a cash flow issue for the importer.A reclaimable input on his VAT return,did it many times myself.

Sabine , Jun 9, 2018 8:11:53 PM | 41
there is no west nor east.

there is only a bunch of paid of administrators running the countries and the corporations that pay them.

Trumps quid pro quo is deals that benefit his family. I don't thinks he cares one bit about the GOP and how the party fundraises. He cares about advancing his family and keeping the loot.

maybe we should realize that the concepts of east and west, as much as neo liberalism or neo conservatism or any other moniker that we could apply to loot and steal - legally and without shame under the guise of trade - are concepts of the past.

the future is for the strongest, irrespective of their origins or philosophy. we are burning this planet down with a vengeance and we - the people - are to numerous and too expensive to keep.

while we debate and some even chuckle with delight as to how the west is treated by trump, or how much the west deserves to be made redundant and all hail the Russians and the Chinese - the king is dead, long live the king - it is us who dies in the wars, it is our children that are being kidnapped and locked up in prison when arriving on the border seeking asylum, it is us who will watch the women in our live die in childbirth because of lack of medical care, it is us who will die of black lung, hunger, thirst and general malice.

and while we gossip, they laugh all the way to the bank.

NemesisCalling , Jun 9, 2018 8:24:56 PM | 42
b, we have no doubt that the North Korean leadership is ready for the Americans and know the score with a rising Eurasia and a sinking NATO. However, your last assumption of Kim being more than ready to go toe-to-toe with DJT smacks of some of the worst tendencies of many posters here who are ready to venerate Kim without him ever even making formal address of more than a few words to a) his people, 2) his allies, or D) even the world. This is a laughable assumption from you and it would be like having the most beautifully-made garment handy for a long while, desperate for anyone to come along so you could fling it on them to prove they were the most amazing supreme leader in all the world!

This is not to say I do not want the NoKos to succeed in their endeavors of getting a fair deal...hardly: I think they will succeed eventually because they are shrewd. But this is an attempt to squash the unbelievably propagandistic (or naive) attempts to place the mantle of imperviousness, all-knowingness, utterly-innocentness, and insurmountably-cleverousness onto the boy that would be king. DJT could eat a boy like Kim for breakfast if left alone from their advisors.

CE , Jun 9, 2018 8:26:35 PM | 43
Interesting that this happens in June. Because it reminds me of this classic little fun ditty:

Death in June - Death of the West

ben , Jun 9, 2018 8:33:09 PM | 44
Sabine @ 41 said:"there is no west nor east.

"there is only a bunch of paid of administrators running the countries and the corporations that pay them"

And this"and while we gossip, they laugh all the way to the bank."

I would tend to agree, but I'm hoping b's right in his assessment, the empire and her minions very badly need a comeuppance..

dh , Jun 9, 2018 8:45:10 PM | 45
Trump is very dependent on his base. He knows them well. At risk of hitting a discordant note I suspect a lot of his fans are happy seeing him sock it to the goddamn ch*nks and euro faggots.
Daniel , Jun 9, 2018 8:46:57 PM | 46
It's a big weekend. G7, SCO, Bilderberg, NATO Defence Ministers meeting in Brussels and the huge NATO "Drills" including the Baltic States and for the first time, Israel.

Oh, and the US called on NATO to add 30 land battalions, 30 air fighter squadrons, and 30 naval ships to "counter Russian aggression."

The AZW Empire is not giving up its plans.

karlof1 , Jun 9, 2018 8:47:27 PM | 47
I predicted it would become the G6+1 and so it has. Trump told his staffers NOT to sign the Joint Communique, which I believe is a first.

On the issue of power and the BRI , the linked item is a trove of info as it focuses on perhaps the most problematic region of the SCO/BRI.

If Europe is to break free from the Outlaw US Empire, Merkel must be jettisoned and independent-minded leaders must take control of Germany and EU. I'm not at all surprised with how events went in Canada. However, I see the Policy as the Bully, not Trump, the policy still being the attempt to gain Full Spectrum Domination. What's most important, IMO, is this spectacle will not go unnoticed by the rest of the world. The Outlaw US Empire cannot make it any plainer that it's the primary enemy state of all except the Zionist Abomination. I think Abe wonders why he's there and not in Qingdao.

Although this item focuses on Kashmir , it should be read after the longer article linked above. There's little news as of yet coming from Qingdao other than who's cooking what and sideline meets. I expect more coming out beginning Monday. Of course, Kim-Trump begins now, it being the 10th in Singapore already.

bevin , Jun 9, 2018 10:26:24 PM | 48
The difference between the two projects- the western Empire and the Eurasian schemes exemplified by OBOR- is that the former, as 500 years of experience teaches us, relies on ethnic divisions, wars and competition while the latter requires peace and co-operation.

In a sense that answers Jen @ 32. It really doesn't matter who runs the governments of China and Russia, provided that they can prevent the imperialists from distracting them into rivalry. It was that which, thanks to plenty of stupidity on both sides, gave rise to the tensions of which Nixon and Kissinger took advantage.

Had the USSR and China ironed out their small differences on the sixties- and Vietnam gave them a perfect excuse to do so, history would have been very different and probably much less bloody.

The truth is that, as b asserts, the SCO is already much more important than the G7- America and the Six Dwarfs. How much more important is shown by the role of Freeland (the neo-Nazi Ukrainian apologist) in insisting on holding the line against Russia's re-admission to a club that it almost certainly does not want to rejoin.

Trump may not be a 'good negotiator' but he has a position of relative strength vis a vis the rest of the G7 who cannot negotiate because they do as they are told. If they won't do what Trump tells them to do they will be on the lookout for someone else to give them orders-they have no idea of independence or sovereignty. Just watch most of them scuttle back to Brussels for ideas, or set up back channels to Moscow- once a puppet always a puppet.

karlof1 , Jun 9, 2018 11:57:39 PM | 49
The Sino-Soviet Split occurred while Stalin was still alive--he refused to allow the Chinese to develop "Communism with Chinese Characteristics" just like any other European Orientalist. And as the Monthly Review article I linked, the Chinese must beware of becoming/being seen as Imperialistic in their zeal to push BRI--Imperialist behavior will kill the Win-Win concept as it will revert to just another Zero-sum Game.
Hoarsewhisperer , Jun 10, 2018 12:20:55 AM | 50
One of the factors which has been killing the 'Democratic' West is that its bribed & blackmailed leaders have alienated themselves from The People whose views they were elected to represent.

No-one living in a so-called democracy is prepared to tolerate a leader who spends too much time praising, and making excuses for, the crimes of the racist-supremacist Zionist Abomination (h/t karlof1) and its Piece Process in Palestine. It can be persuasively argued that embrace of and fealty to the Z.A. is the only factor which Western Leaders have in common. And it's neither a coincidence nor happenstance.

ben , Jun 10, 2018 12:40:15 AM | 51
Hoarsewhisperer @ 50 said:" Piece Process in Palestine."

Nice word play. I'm assuming the "piece" word is referring to the Israelis taking the Palestinian's lands one piece at a time..

Debsisdead , Jun 10, 2018 12:51:14 AM | 52
Grrr! I still don't get why so many humans believe anything good comes from chucking aside one greedy oppressive arsehole then replacing it with another. Sure the SCO has a founding document laden with flowery words and seemingly wonderful concepts but I say "So what" check out the UN charter or the amerikan constitution and you'll find the same.

These issues of justice & equity cannot be fixed by swapping bosses because every society has its share of pathologically fucked up greedies who have the means and lack of empathy to destroy anything and everyone in their lust for whatever it is they imagine they need.

We have to accept that will never change and that trying to purge the planet of those types just creates more of them from within the structure most successful in effecting the swap.

I know I sound like a scratched disc but the only fix that could hope to work is one that smashes the conglomerations into tiny shards, reducing the world to thousands of small self governing entities; sure some places will still end up being taken over by low self esteem motivated arseholes, but not only will they not be able to do as much damage, arseholes stand out in a small society where more 'normal' humans interact with them - currently all the pr1cks coagulate in spots such as the G7 and few non-pr1cks ever get close enough to see them for what they are. A low count on the old degrees of seperation register makes it much more difficult for the scum to rise. Making sure that no chunk is sufficiently big to force its will on another would also be vital.

That won't fix everything, but who outside some totally screwed up anal regressive would want that anyway? I just want to live in a world where no one cops it like the entire Yemeni population currently is. I see no benefit in moving the horror from Yemen to Uigar-land or whatever place the new bosses decide should be their fun palace of hate, murder and misery.

The Congo and/or Nigeria another coupla sites of misery for money. Timor Leste aka East Timor, now that the Portuguese expats in the form of the man with the Nobel stamp of obeisance to the monied Jose Ramos Horta have done over the locals, something Xanana Gusmγo always said could happen. Horta's arseholeness made the wealthiest nation in the world (divide resources by population) riven by poverty, lack of health and education services plus of course old favourite, racist oppression. Check out these kids here untroubled by issues like getting a decent phone signal or their ranking on Twitch - wondering where their next decent feed is coming from is prolly their most pressing issue.

Swapping SCO for G7 will do SFA for them or anyone else unlucky enough to be living on top of whatever the current 'must have' is deemed to be.

Anyone who imagines that it could is delusional.

karlof1 , Jun 10, 2018 12:55:44 AM | 53
Official SCO Conference site .

Humanity either learns how to live with itself on an equal basis or it will perish; it's really that simple. The likes of the Outlaw US Empire, its NATO vassals and the Zionist Abomination are shining examples of what MUST be exorcised for ever more.

[Jun 13, 2018] Predatory Gambling in the USA

Notable quotes:
"... Corporate Crime Reporter ..."
"... [For the complete q/a format Interview with Les Bernal, see 32 Corporate Crime Reporter 24(11), June 7, 2018, print edition only .] ..."
Jun 13, 2018 | www.counterpunch.org

June 13, 2018 Predatory Gambling in the USA by Russell Mokhiber Les Bernal is working on a ranking of the states with the worst predatory gambling problems.

He hasn't completed it yet. But he gave us a sneak preview. Bernal is the national director of the public interest group Stop Predatory Gambling.

If he were to call it right now, which would be the five worst states?

Oregon, West Virginia, New Jersey, Illinois, Pennsylvania.

What about Nevada?

"We don't debate Nevada," Bernal told Corporate Crime Reporter in an interview last week. "If you were going to have one place to gamble, have it be Nevada. I always exclude Nevada."

What are the best five?

Utah, Hawaii, Alaska, Nebraska – with New Hampshire and Vermont tied for the number five slot.

"It's hard to do a ranking," Bernal said. "Oregon has one tribal casino. But the Oregon lottery has video gambling machines. Technically they don't have many casinos in Oregon. But Oregon is as bad as any state in the country in terms of harming the public."

"West Virginia is there as one of the worst. Oregon is right there. It's not a uniform thing."

"Our goal is to have a ranking of the biggest predatory gambling states in the country. And factor in the different forms of gambling they have."

How would you describe the politics behind the movement to stop predatory gambling?

"We are one of the most politically diverse movements in the United States. We have people from all political stripes who work together. You would be hard pressed to find a more diverse network of citizens involved with this."

Is your group opposed to all gambling?

"We are opposed to the role of government in actively promoting and sanctioning commercialized gambling to citizens."

Isn't that all gambling?

"If you and I went bowling or were playing golf and we had a friendly wager on the game, that is technically gambling. I'm not talking about prohibiting that. We are talking about gambling for profit."

You would prohibit gambling for profit?

"We would prohibit running a gambling ring for profit, yes we would."

If you prohibited gambling for profit, you are prohibiting 99 percent of the gambling in the United States, right?

"Running it as a business."

Isn't that 99 percent of gambling in the United States?

"No. There are all sorts of social gambling where people have Friday night poker gamers, office Super Bowl pools."

What percentage of all gambling in the United States is gambling for profit?

"In 2016, the American people lost $117 billion to government sanctioned gambling."

How much did they lose in other gambling?

"The numbers on illegal gambling don't compare."

The legalized gambling piece is $117 billion in 2016.

"That's what they lost. What they wagered is close to $200 billion."

And illegal gambling is much less?

"Well, if you and I are in a Friday night poker game, that's gambling."

How about bookies?

"Those guys are doing it for profit. That's called illegal commercial gambling."

How big is that market?

"The American Gaming Association make up a number of $150 billion on illegal sports gambling."

Give us your argument against government sanctioned gambling.

"The American people lost $117 billion to government sanctioned gambling in 2016. At the same time one out of two citizens in this country own zero net assets – no stocks, no property, no bonds."

"Here you have an enormous number of people who lack assets to grow into the middle class. And the public voice of government is targeting that same constituency to play games that are rigged against them."

"We start with this moral belief that all men and women deserve a fair opportunity to have the best life possible for themselves and their family. That's why we show up every day to compete on this."

"You have citizens losing $117 billion a year. And meanwhile, half the citizens don't have any assets at all. The public voice of government to most citizens today no matter where you live is gambling."

"We see a lottery class of citizens. You don't have a chance to improve your life. You are stuck with a lack of mobility out of poverty. And your best hope is to try and play a rigged game to make some cash to pay your rent every month."

"At the same time, government is advertising these games relentlessly to citizens. We spend more than $1 billion a year advertising gambling to the American people on lotteries alone. That pales in comparison to any other form of government advertising."

"When I was a kid growing up I used to see advertisements with John Wayne saying – invest in your country – buy US Savings Bonds. The idea behind that was to encourage citizens to build assets. Everyone points back to the 1950s where there was a growing middle class and a chance for people to climb out of poverty."

"We had a high savings rate. People were building assets. That was an understated part of keeping people in the middle class. We talk a lot about wages, but wages are only one part of the equation. You also have to encourage people to build assets."

"We come off the great depression during World War II. And the public voice of government then was – we have to put people to work. Imagine government encouraging people back then to go out and spend their money on lottery tickets to raise the money for the war. Instead they encouraged the citizens to go out and buys savings bonds, to invest in your country, invest in your neighbor. It created this strong sense of a common good. It was stronger then than it is today."

Of the $117 billion that the American people lost, how much of that came from poor people?

"Without question, a large portion is coming from the poor. David Just and his team at Cornell have done the best research on that. And it consistently shows that the people who are participating come from the least favored sections of our society. And they are playing out of financial desperation. It's a Hail Mary investment strategy."

"Two-thirds of the public doesn't gamble at all. You have one third of the public participating in this government sanctioned gambling. The messaging that is targeting those folks is – this is a chance to change your life. They sell scratch tickets that say – money for life. This is going to be your answer to get ahead in society."

"The average person sees the lottery as Powerball and Megamillions. But the truth is that those two games represent only a small portion of lottery revenues. Where lotteries make most of their cash are on what are called scratch tickets. Scratch tickets are the number one money maker, unless you are a state like Oregon that has these electronic gambling machines, which are the most lucrative of all."

"Scratch tickets are these high frequency games where you play many times a day at higher and higher wagered amounts."

What impact does gambling have on the poor?

"Government sanctioned gambling goes to the heart of many issues that the poor face. It's a big factor in the lack of mobility out of poverty. By encouraging people to gamble on these rigged games, instead of being able to build a savings account, they are spending on these rigged games at the street corner on a daily basis."

"What are the key elements of mobility out of poverty? Family structure. If you can keep a family unit together, you have a better shot of getting out of poverty than if you don't. Two of the biggest factors shown to disrupt family structure are infidelity and financial problems."

"Here you have a government program that directly attacks the family structure and the family structure is the key to pulling people out of poverty. Government sanctioned gambling is designed to get citizens to lose their cash as frequently as possible at higher wagered amounts. It directly intersects with rising inequality. We define it as a lack of opportunity."

[For the complete q/a format Interview with Les Bernal, see 32 Corporate Crime Reporter 24(11), June 7, 2018, print edition only .]

[Jun 06, 2018] The magic of Neoliberalism is to transform acts that should be illegal into legal ones

Notable quotes:
"... The magic of Neoliberalism is to transform acts that should be illegal into legal ones. In fact they do so explicitly as their argument for reducing taxation is exactly that of getting rid or decreasing the problem of illegal tax evasion.... so they say. Their problem is that we have no evidence that tax evasion decreases under Neoliberalism on top of the legal tax minimisation already provided. The only thing that happens under Neoliberalism is that the Tax Office tends to be under-resourced and everybody likes to conveniently look somewhere else. ..."
Jun 06, 2018 | discussion.theguardian.com

Alpo88 -> DesignConstruct , 3 Jun 2018 17:20

A "legal system of tax evasion", written like that, in quotes, is obviously a metaphor with an intended sarcasm. Clearly, logically, if a taxation system is legal, by using it you are not "evading" taxes, which is an illegal act.... Anyway, everybody seems to have understood my intention but you. Well, now you also know.

The magic of Neoliberalism is to transform acts that should be illegal into legal ones. In fact they do so explicitly as their argument for reducing taxation is exactly that of getting rid or decreasing the problem of illegal tax evasion.... so they say. Their problem is that we have no evidence that tax evasion decreases under Neoliberalism on top of the legal tax minimisation already provided. The only thing that happens under Neoliberalism is that the Tax Office tends to be under-resourced and everybody likes to conveniently look somewhere else.

DesignConstruct -> Alpo88 , 3 Jun 2018 16:52
A "legal system of tax evasion" is a non sequitur, what they have done is create a set of tax laws that enable more opportunities for tax avoidance by the well off, and Kerry very correctly took advantage of it. If you can, get a copy of the Senate hearing - it's gold.
Splatgadget -> NME765 , 3 Jun 2018 16:51
Agreed, but I'll raise you Kleptocracy.

[Mar 03, 2018] Jarvanka out? Kushner's business problems add to talk of DC exit by Edward Helmore

Notable quotes:
"... Meanwhile, the FBI has reportedly been examining Ivanka Trump's negotiations over the financing of Trump International Hotel and Tower in Vancouver. ..."
Mar 03, 2018 | www.theguardian.com

Ivanka Trump and Jared Kushner in 2017. The couple appears to be facing an uncertain future in the White House. Photograph: Alamy Stock Photo
Life at the White House for Donald Trump's senior adviser and son-in-law Jared Kushner and his wife, Ivanka Trump, may be rapidly losing its appeal as conflict of interest claims against the couple mount and the president himself is said to be cooling on continuing their roles in the administration.

Kushner, who this week was stripped of his top-level security clearance, faces intensifying scrutiny on a number of fronts, including loans on his family's real estate assets agreed with creditors who stand to gain from White House economic policy, and from special counsel Robert Mueller's Russia investigation.

Meanwhile, the FBI has reportedly been examining Ivanka Trump's negotiations over the financing of Trump International Hotel and Tower in Vancouver.

Like many Trump-badged properties, the company receives licensing and marketing fees from the developer, in this case the wealthy Malaysian Joo Kim Tiah. Peter Mirijanian, a spokesman for Ivanka Trump's ethics counsel, told CNN that no "hurdle, obstacle, concern, red flag or problem has been raised with respect to Ms Trump or her clearance application".

In both cases law enforcement officials are concerned that the couple's foreign dealings leave them vulnerable to pressure from foreign agents.

Seemingly, Kushner's inability to receive security clearance stems from his family's real estate dealings and the business' pressing need for investment, often from foreign lenders.

Kushner had to make more than 100 revisions to his security-clearance application; his financial filings had to be amended 39 times in four months after he "inadvertently omitted" millions of dollars in assets.

According to the Washington Post, US intelligence agencies have learned that numerous foreign government officials discussed how to exploit his business interests. These include four countries: Israel, China, Mexico and the UAE.

The paper also reports that the president has told aides it might be preferable if the couple returned to civilian life in New York.

These are some of the business problems plaguing Kushner. 666 Fifth Avenue

The flagship of the Kushner empire, Jared Kushner's first big deal is looking increasingly like a potentially ruinous burden. The $1.8bn property was purchased at the top of the market in 2007 before prices for commercial real estate crumbled.

The property is facing $1.2bn refinancing at the end of this year and the search for lenders has reportedly , at various times, led to contacts with Putin ally and head of Russian state investment bank Vnesheconombank (VEB) Sergei Gorkov, as well as Anbang , the Chinese insurance giant, and members of the Qatari Investment Authority .

Chicago skyscraper

The company has reportedly taken out loans totaling $509m from lenders with whom Kushner has held White House meetings. These are reported to include a $184m loan on a Chicago skyscraper – the midwest headquarters for AT&T – from private equity firm Apollo Global, a company that stands to benefit from the Trump administration's infrastructure spending as well as the decision to leave carried-interest provisions so beloved of private equity investors in place.

Brooklyn development

The $509m also reportedly includes a $325m Citigroup loan on a Brooklyn development, soon after the Citigroup CEO, Michael Corbat, met with Kushner at the White House.

Spokespeople for Apollo and Citigroup denied that the meetings had anything to do with the loans. "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved," a Kushner Companies spokeswoman, Christine Taylor, told the New York Times.

Deutsche bank loan

A $285m Deutsche bank loan to Kushner Companies is reportedly the focus of New York banking regulators. According to Reuters last week, the New York state department of financial services (DFS) made the requests to Deutsche Bank, Signature Bank and New York Community Bank for information on loans and other financial arrangements including lines of credit and loan guarantees.

Taylor said the company had not received a copy of any letter from regulators. "Prior to our CEO voluntarily resigning to serve our country, we never had any type of inquiries," Taylor said in an email. "These types of inquiries appear to be harassment solely for political reasons."

EB-5 visas

In addition, the Securities and Exchange Commission is reportedly looking into Kushner company's promotion of White House ties to pitch EB-5 visas to Chinese investors. Kushner's use of EB-5, a congressionally approved visa-for-investment system, came under renewed scrutiny last year after the Kushner family members conducted sales pitches in Shanghai and Beijing seeking investment in a New Jersey project One Journal Square.

According to reports in the Washington Post and the New York Times , the pitch included a photograph of the president in a slideshow that described him as a key decision-maker on the fate of the EB-5 program. A Kushner spokesman said the photograph was included by the Chinese organizer of the event.

[Mar 02, 2018] Kushner s Business Got Loans From Companies After White House Meetings

Notable quotes:
"... Maybe there is a clear and present danger in the White House? Kushner's Business Got Loans From Companies After White House Meetings ..."
"... For Kushner's vulnerability to foreign manipulation, there seems to be a lot out there beyond this one WAPO story. This month old article lays out the problems existence over the last year with China. https://www.newyorker.com/magazine/2018/01/29/jared-kushner-is-chinas-trump-card ..."
"... I think what TTG is alluding to is that the source may be from another SIGINT establishment, not the USA. Correct me if I'm wrong. Given the vague nature of the allegations against Kushner, for all we know, it's Turkey, Brazil, or the UK leaking. ..."
Feb 01, 2028 | turcopolier.typepad.com

Leaky Ranger , 28 February 2018 at 09:20 PM

Maybe there is a clear and present danger in the White House? Kushner's Business Got Loans From Companies After White House Meetings

Apollo, the private equity firm, and Citigroup made large loans last year to the family real estate business of Jared Kushner, President Trump's senior adviser.

https://www.nytimes.com/2018/02/28/business/jared-kushner-apollo-citigroup-loans.html The Twisted Genius , 28 February 2018 at 10:14 PM

... ... ...

For Kushner's vulnerability to foreign manipulation, there seems to be a lot out there beyond this one WAPO story. This month old article lays out the problems existence over the last year with China. https://www.newyorker.com/magazine/2018/01/29/jared-kushner-is-chinas-trump-card

plantman , 01 March 2018 at 10:00 AM
I think the attacks on Kushner are particularly evil and calculating.... And they could pose a real danger to the country! Look: The reason Trump's enemies want Kushner gone is because Trump does not have a wide circle of friends he can trust, so his enemies want to further isolate him so he can be controlled BY THEM.

The danger is that he will get increasingly embattled, erratic and paranoid.

Then what?? Maybe they think that's a reliable way to control someone like Bill Clinton or Richard Nixon, but Trump??? No way. Trump has shown time and again that he does not respond to situations like other people. I think that creates a potentially grave situation for the country, the country these deep-state vermin never think about. They only think about themselves.

Green Zone Cafι , 01 March 2018 at 10:35 AM
I think what TTG is alluding to is that the source may be from another SIGINT establishment, not the USA. Correct me if I'm wrong. Given the vague nature of the allegations against Kushner, for all we know, it's Turkey, Brazil, or the UK leaking.

The reason why Jeff Sessions isn't prosecuting anyone is because he has no evidence against an American who is leaking.

egl , 01 March 2018 at 11:25 AM
The leaks could have come from inside the White House. There's no shortage of insiders and wanna-be insiders who don't like Javanka's access to Trump.
Sid Finster , 01 March 2018 at 11:36 AM
I do hope that this is a rhetorical question - nothing will be done because the Deep State, the Borg, whatever you want to call it, does not particularly want Kushner involved in policy.

I do not want Kushner involved in policy either, but I am not leaking anything to get him forced to the side.

[Feb 28, 2018] The Knives Are Out For Kushner: Loans With Deutsche Under Scrutiny By Regulator

If Kushner was/is involved with such risky staff, why he tried to join Trump administration. It does not requires any IQ to understand that he will be the target and that knife are out to depose Trump. In view of color revolution against Trump the best strategy would be to stay in NYC. You need to be squeaky clean to work for him.
Notable quotes:
"... A spokeswoman for the Kushner Cos, Christine Taylor, said "We have not received a copy of any letter from the New York State Department of Financial Services," adding "Our company is a multi-billion enterprise that is extremely financially strong. Prior to our CEO voluntarily resigning to serve our country, we never had any type of inquiries. These type of inquiries appear to be harassment solely for political reasons. " ..."
"... Kushner's family business, the Kushner Companies, has had longstanding financial troubles related to 666 Fifth Avenue, "the most expensive building ever purchased", in New York City. ..."
"... After Kushner bought the Fifth Avenue property in late 2006 for $1.8 billion - with zero skin in the game coming from Kushner, the building came under intense pressure during the financial crisis. Vornado Realty Trust stepped in with financing in exchange for a 49.5% stake in the building, which is now carrying over $1.4 billion in debt according to a March release by Vornado ..."
"... While Jared has separated himself from his family's business and placed assets in a trust, he has fallen into the crosshairs of Special Counsel Robert Mueller. Of interest are discussions between Kushner and Chinese investors during the transition, according to sources familiar with the investigation. Kushner met with executives of troubled Chinese conglomerate Anbang Insurance which was recently taken over by China's insurance regulator. Talks between Kushner and Anbang's chairman, Wu Xiaohui, broke down in March 2017, according to the New York Times . ..."
"... Also of interest to Mueller are Kushner's dealings with a Qatari investor over the 666 property, for which Kusher reportedly sought financing from former Prime Minister Jassim Al Thani, according to The Intercept. The discussion apparently went nowhere , similar to the Anbang deal. ..."
"... Dovetailing off of the reports of Kushner's meetings to shore up his finances, the Washington Post reported this week that officials from at least four countries - China, Israel, Mexico and the United Arab Emirates have explored ways to manipulate Kushner by taking advantage of his "complex business arrangements, financial difficulties and lack of foreign policy experience." The story cited current and former US intelligence officials - and noted that it is unclear on whether the cited countries took any action. ..."
"... Kushner is absolute scum, but how come he gets the treatment and not the Clinton foundation ..."
"... Back door attack. The inlaws, the sacred family structure. Eventually trump is going down. ..."
"... They will stop at nothing. They already committed treasonous crimes. ..."
"... They are the majority within gov.org. top to bottom -- Trump is fighting a completely stacked deck of swamp cards. They have no fear of the law. Look at every step they have taken. Look at the reactions. deflection, non-action. Behind the scenes the deals have been made-they will take down Trump ..."
"... If any dirt is found it wasn't an issue worthy of the integrity of the FBI before Kushner gained political office. So the FBI is only discrediting their felonious selves, past and politicized, craven present. ..."
"... Trump's example proved that it is pointless trying to go there and fight them alone. There needs to be a (new) party behind the individual, otherwise one does not stand a chance. ..."
"... Kushner has been systematically targeted by allies and foes alike because he has no foreign diplomacy expertise and they know he can be manipulated. Manipulated due to ignorance and arrogance. The worst kind of manipulation! ..."
"... You don't get unsecured lines from banks anymore unless you are GOD. Not personally. It may be that the company got one, but if Jared got one something funky is going on. ..."
"... NYCB is a garbage bank. They are essentially a 1980s S&L running a book of long maturity multi family loans and funding with purchased CD's in the overnight - 90 day market. (DISCLOSURE: I have been and will be short this stock). As the Fed tightens and the curve flattens, their margins go to shit. They did well in the free money QE world, but their game has been over for a while. They rely on credit underwriting to avoid adding defaults to the litany of woes this environment brings. In fact, taking no credit risk has been their hallmark for years. They generally don't do office or mixed use lending. That they would be making an unsecured line to Kushner is BIZARRE. ..."
"... I would be surprised if DJT is involved in anything illegal in his business. The guy knows how to bend the rules, but risking his great life to launder money for a bunch of Russians?? Just don't see it. Running for the Presidency with skeletons would be suicide, and he knows that. You don't want the antiseptic light of justice shining on the roaches if you've done something not nice. ..."
"... It may be Kushner is as dirty as they come. God knows his Dad is a piece of detritus. I know DJT as a crass vulgarian, with a genius for the common weal and leveraging off OPM. But stupid felon? Not buying it. ..."
"... Thank goodness the FBI and Justice have all the Democrat/Clinton crimes solved so they can dispense equal Justice to the Republicans ..."
Feb 28, 2018 | www.zerohedge.com

The knives are out for Jared Kushner.

After losing his top secret security clearance and reportedly falling under intense scrutiny by Robert Mueller's probe, the New York Department of Financial Services has asked Deutsche Bank two local lenders for information about their dealings with Jared Kushner, the Kushner companies and his family , according to Bloomberg .

Letters were sent by department superintendent Maria Vullo to Deutsche Bank, Signature Bank and New York Community Bank last week, said a person who had seen the letter which seeks a response by March 5. Vullo was appointed by New York's Democratic governor, Andrew Cuomo.

The requested information is broad, and include the banks' processes for approving loans.

Vullo requested copies of emails and other communications between the Kushners and the banks related to financing requests that have been denied or are pending. She also asked whether the banks have conducted any internal reviews of the Kushners and their companies and the results of any such inquiries revealed.

The most detailed information about the Kushners' finances can be found in their government disclosures. The couple had unsecured lines of credit of $5 million to $25 million each from Deutsche Bank, Signature Bank and New York Community Bank according to a late December filing.

Deutsche Bank's line of credit was extended to Kushner and his mother; lines from the other two banks were extended to Kushner and his father. Signature Bank also extended a secured line of credit to the couple of $1 million to $5 million, according to the disclosure. - Bloomberg

A spokeswoman for the Kushner Cos, Christine Taylor, said "We have not received a copy of any letter from the New York State Department of Financial Services," adding "Our company is a multi-billion enterprise that is extremely financially strong. Prior to our CEO voluntarily resigning to serve our country, we never had any type of inquiries. These type of inquiries appear to be harassment solely for political reasons. "

Kushner's family business, the Kushner Companies, has had longstanding financial troubles related to 666 Fifth Avenue, "the most expensive building ever purchased", in New York City.

After Kushner bought the Fifth Avenue property in late 2006 for $1.8 billion - with zero skin in the game coming from Kushner, the building came under intense pressure during the financial crisis. Vornado Realty Trust stepped in with financing in exchange for a 49.5% stake in the building, which is now carrying over $1.4 billion in debt according to a March release by Vornado.

The Kushner companies are also reportedly negotiating with Vornado to buy their stake back.

While Jared has separated himself from his family's business and placed assets in a trust, he has fallen into the crosshairs of Special Counsel Robert Mueller. Of interest are discussions between Kushner and Chinese investors during the transition, according to sources familiar with the investigation. Kushner met with executives of troubled Chinese conglomerate Anbang Insurance which was recently taken over by China's insurance regulator. Talks between Kushner and Anbang's chairman, Wu Xiaohui, broke down in March 2017, according to the New York Times .

Also of interest to Mueller are Kushner's dealings with a Qatari investor over the 666 property, for which Kusher reportedly sought financing from former Prime Minister Jassim Al Thani, according to The Intercept. The discussion apparently went nowhere , similar to the Anbang deal.

Kushner in the crosshairs

Dovetailing off of the reports of Kushner's meetings to shore up his finances, the Washington Post reported this week that officials from at least four countries - China, Israel, Mexico and the United Arab Emirates have explored ways to manipulate Kushner by taking advantage of his "complex business arrangements, financial difficulties and lack of foreign policy experience." The story cited current and former US intelligence officials - and noted that it is unclear on whether the cited countries took any action.

Meanwhile, the presidential son-in-law's security clearance was downgraded from "Top Secret/SCI-level" to "secret" this week, walling him off from the most sensitive information.

Many had expected that Trump would grant Kushner a waiver, even though Trump himself said Friday that he would let Chief of Staff John Kelly decide if such an exception should be granted. In a statement issued last week, Kelly said that any changes to Kushner's security clearance wouldn't impact his ability to do his job:

"As I told Jared days ago, I have full confidence in his ability to continue performing his duties in his foreign policy portfolio including overseeing our Israeli-Palestinian peace effort and serving as an integral part of our relationship with Mexico," Kelly said in the statement.

At the end of the day, unless Kushner or his company broke the law, it appears that this entire exercise is meant to embarrass the president's son-in-law over his troubled 666 property.


gatorengineer Wed, 02/28/2018 - 17:26 Permalink

Kushner is absolute scum, but how come he gets the treatment and not the Clinton foundation..... .yeah I know but how in your face are they going to get... wait dont answer that

NumbersUsa -> giovanni_f Wed, 02/28/2018 - 18:08 Permalink

Trump's Jewish Agenda

January 7, 2018

By CUFPa

Trump, the first US President with two Jewish children , beholden to the money power of the US establishment (i.e., Jewish money ) that supported his presidential bid (or bought the presidency for him), is making the Israeli dream of stealing Jerusalem and the whole of Palestine a reality; especially since he owes Jewish investment banks hundreds of millions of dollars, which can be easily written off the books if certain conditions are met.

"I have determined that it is time to officially recognize Jerusalem as the capital of Israel," Trump said .

In one fell swoop, Donald Trump overturned decades of international consensus and laws. He also ignored recorded history: Jerusalem was NEVER the capital of even ancient Israel.

Furthermore, he constantly and nonchalantly overlooks the fact that Israel today is an inhumane, apartheid country that uses its carte blanche from the US to do as it pleases in the Middle East. It oppresses the Palestinians, treats them like caged animals , and spreads chaos in the region regardless of how it affects the peace of the world.

The reason is because the Jews control the Federal Reserve , the real center of power in the United States or the money power of the establishment (i.e., Jewish money ). In turn, the Fed wags every other financial institution in America, and consequently ends up being the root cause of all of America's economic ills.

Trump's Jewish Entourage

Not even Trump , who supposedly wants to "make America great again," dares mention the need to dismantle the Fed. Worse, he drools every time he talks about Apartheid Israel , not unlike every other American politician.

The anti-Christ spirit of hate thy neighbor , which revs up the engine of the state of Israel and that of its Prime Minister, seems to fire up Trump's motor as well with his loathing of immigrants , especially of his Mexican neighbors. He and Netanyahu are two peas in a pod – both arrogant, haughty, and supercilious narcissists.

"Pride goes before destruction, a haughty spirit before a fall." Proverbs 16:18

new game -> Consuelo Wed, 02/28/2018 - 17:52 Permalink

Back door attack. The inlaws, the sacred family structure. Eventually trump is going down.

They will stop at nothing. They already committed treasonous crimes. All the righteous types just don't get it, they are being played to heighten the drama and division.. they don't give a shit.

They are the majority within gov.org. top to bottom -- Trump is fighting a completely stacked deck of swamp cards. They have no fear of the law. Look at every step they have taken. Look at the reactions. deflection, non-action. Behind the scenes the deals have been made-they will take down Trump.

Rex Andrus -> new game Wed, 02/28/2018 - 17:59 Permalink

Drain the Beltway start at your state capitol

If any dirt is found it wasn't an issue worthy of the integrity of the FBI before Kushner gained political office. So the FBI is only discrediting their felonious selves, past and politicized, craven present.

Remember WACO. Remember Ruby Ridge. Remember 911. Remember Lynch. Remember DACA. Remember Obama stealing from Freddie and Fannie. Remember all the government assistance programs you are paying for, that you are not eligible for because of the color of your skin, that you had no say in. Nice work, FBI.

EndOfDayExit -> new game Wed, 02/28/2018 - 20:35 Permalink

Trump's example proved that it is pointless trying to go there and fight them alone. There needs to be a (new) party behind the individual, otherwise one does not stand a chance.

GoingBig -> aliens is here Wed, 02/28/2018 - 17:50 Permalink

Kushner has been systematically targeted by allies and foes alike because he has no foreign diplomacy expertise and they know he can be manipulated. Manipulated due to ignorance and arrogance. The worst kind of manipulation!

Rex Andrus Wed, 02/28/2018 - 17:52 Permalink

How much of the loot from the US taxpayer did Deutche get from the "bailout"? The credibility of their organized bankster cartel is lower than that of a belarus hooker in jail in Thailand, because they practice fraud professionally. The FBI is an active enemy of the United States. The masks are coming off.

california chrome Wed, 02/28/2018 - 18:04 Permalink

"The Knives Are Out For Kushner: Loans With Deutsche Under Scrutiny By Regulator"

Will this be the catalyst for Trump to fire Muler's sorry-ass or does he just become more defensive every day about taking action and hope the issue will just sort itself out?

I too would continue unabated like a crazy man until stopped, if I were Muler.

LaugherNYC Wed, 02/28/2018 - 19:21 Permalink

Kushner wants a security clearance? They get to ream, steam and dry clean his ass. This is no game. Now, it just so happens I ran one of the biggest commercial real estate shops on the Street. I have been in the market recently for a major developer. 5-10X the size of Kushner. You don't get unsecured lines from banks anymore unless you are GOD. Not personally. It may be that the company got one, but if Jared got one something funky is going on.

You see, on a secured credit line, the bank only has to reserve about 4-8% of the limit as a capital charge. That allows them to operate at about 12X leverage. If they are charging LIBOR + 300 for the line, and they fund art LIBOR-50, and the line is fully drawn (no bank wants a line that isn't utilized, that's why they charge non-utilization fees), their 350BP spread translates into a nice ~35% ROE. That's good business. On an unsecured line, there is a 100 % capital charge. That's a 3.5% ROE. That sucks balls.

I have literally had a major bank walk away from an unsecured $50mm line when it would have given them the inside track for a $800 million loan they could securitize and make a quick and easy $25 million on. The regulatory headache and capital charges just made it a non-starter.

NYCB is a garbage bank. They are essentially a 1980s S&L running a book of long maturity multi family loans and funding with purchased CD's in the overnight - 90 day market. (DISCLOSURE: I have been and will be short this stock). As the Fed tightens and the curve flattens, their margins go to shit. They did well in the free money QE world, but their game has been over for a while. They rely on credit underwriting to avoid adding defaults to the litany of woes this environment brings. In fact, taking no credit risk has been their hallmark for years. They generally don't do office or mixed use lending. That they would be making an unsecured line to Kushner is BIZARRE.

If I were working for Mueller, I would be very curious about this stuff, too. If they called me, I would give them a list of things to look for. Something sounds screwy. Either the reporter has the details wrong, or something IS wrong.

I would be surprised if DJT is involved in anything illegal in his business. The guy knows how to bend the rules, but risking his great life to launder money for a bunch of Russians?? Just don't see it. Running for the Presidency with skeletons would be suicide, and he knows that. You don't want the antiseptic light of justice shining on the roaches if you've done something not nice.

It may be Kushner is as dirty as they come. God knows his Dad is a piece of detritus. I know DJT as a crass vulgarian, with a genius for the common weal and leveraging off OPM. But stupid felon? Not buying it.

onlooker Wed, 02/28/2018 - 21:21 Permalink

Thank goodness the FBI and Justice have all the Democrat/Clinton crimes solved so they can dispense equal Justice to the Republicans.

[Feb 11, 2018] How Russiagate fiasco destroys Kremlin moderates, accelerating danger for a hot war

Highly recommended!
Notable quotes:
"... The pro-Hillary warmongering media, the ones that pushed for war in Iraq and elsewhere, through big lies and false evidence, are the vanguard of this ugly machine that supports the most terrible Trump administration bills, yet, this machine can't stop accusing him for 'colluding' with Russia that 'interfered' in the 2016 US election. Of course, no evidence presented for such an accusation and no one really can explain what that 'interference' means. ..."
"... They're accusing the President of the United States of being a Russian agent, this has never happened in American history. However much you may loathe Trump, this is a whole new realm of defamation. For a number of years, there's been a steady degradation of American political culture and discourse, generally. There was a time when I hoped or thought that it would be the Democratic Party that would push against that degradation ..."
"... Now, however, though I'm kind of only nominally, a Democrat, it's the Democratic Party that's degrading our political culture and our discourse. So, this is MSNBC, which purports to be not only the network of the Democratic Party, but the network of the progressive wing of the Democratic Party, is now actually because this guy was a semi-anchor was asking the question to an American senator, " Do you think that Representative Nunes, because he wants the memo released, has been compromised by the Kremlin? " ..."
"... And by the way, if people will say, " Well, it's a weak capitulation of McCarthyism, " I say no, it's much more than that because McCarthy was obsessed with Communist. That was a much narrower concept than being obsessed with anybody who might be under Russian influence of any kind. The so-called affinity for Russia. Well, I have a profound affinity for Russian culture and for Russian history. I study it all the time. This is something new. And so, when you accuse a Republican or any Congressman of being a Kremlin agent, this has become a commonplace. We are degraded. ..."
"... We are building up our military presence there, so the Russians are counter-building up, though within their territory. That means the chances of hot war are now much greater than they were before. ..."
"... Every time Trump has tried with Putin to reach a cooperative arrangement, for example, on fighting terrorism in Syria, which is a necessary purpose, literally, the New York Times and the others call him treasonous. Whereas, in the old days, the old Cold War, we had a robust discussion. There is none here. We have no alert system that's warning the American people and its representatives how dangerous this is. And as we mentioned before, it's not only Nunes, it's a lot of people who are being called Kremlin agents because they want to digress from the basic narrative. ..."
"... Meanwhile, people in Moscow who formed their political establishment, who surround Putin and the Kremlin, I mean, the big brains who are formed policy tankers, and who have always tended to be kind of pro-American, and very moderate, have simply come to the conclusion that war is coming. ..."
"... The Democrats couldn't had downgrade their party further. This disgusting spectacle would make FDR totally ashamed of what this party has become. Not only they are voting for every pro-plutocracy GOP bill under Trump administration, but they have become champions in bringing back a much worse and unpredictable Cold War that is dangerously escalating tension with Russia. ..."
Feb 06, 2018 | failedevolution.blogspot.gr

How Russiagate fiasco destroys Kremlin moderates, accelerating danger for a hot war with Russia globinfo freexchange

Corporate Democrats can't stop pushing for war through the Russiagate fiasco.

The party has been completely taken over by the neocon/neoliberal establishment and has nothing to do with the Left. The pro-Hillary warmongering media, the ones that pushed for war in Iraq and elsewhere, through big lies and false evidence, are the vanguard of this ugly machine that supports the most terrible Trump administration bills, yet, this machine can't stop accusing him for 'colluding' with Russia that 'interfered' in the 2016 US election. Of course, no evidence presented for such an accusation and no one really can explain what that 'interference' means.

But things are probably much worse, because this completely absurd persistence on Russiagate fiasco that feeds an evident anti-Russian hysteria, destroys all the influence of the Kremlin moderates who struggle to keep open channels between Russia and the United States.

Stephen Cohen, professor emeritus of Russian studies, history, and politics at NY University and Princeton University, explained to Aaron Matι and the Real News the terrible consequences:

They're accusing the President of the United States of being a Russian agent, this has never happened in American history. However much you may loathe Trump, this is a whole new realm of defamation. For a number of years, there's been a steady degradation of American political culture and discourse, generally. There was a time when I hoped or thought that it would be the Democratic Party that would push against that degradation.

Now, however, though I'm kind of only nominally, a Democrat, it's the Democratic Party that's degrading our political culture and our discourse. So, this is MSNBC, which purports to be not only the network of the Democratic Party, but the network of the progressive wing of the Democratic Party, is now actually because this guy was a semi-anchor was asking the question to an American senator, " Do you think that Representative Nunes, because he wants the memo released, has been compromised by the Kremlin? "

I think all of us need to focus on what's happened in this country when in the very mainstream, at the highest, most influential levels of the political establishment, this kind of discourse is no longer considered an exception. It is the norm. We hear it daily from MSNBC and CNN, from the New York Times and the Washington Post, that people who doubt the narrative of what's loosely called Russiagate are somehow acting on behalf of or under the spell of the Kremlin, that we aren't Americans any longer. And by the way, if people will say, " Well, it's a weak capitulation of McCarthyism, " I say no, it's much more than that because McCarthy was obsessed with Communist. That was a much narrower concept than being obsessed with anybody who might be under Russian influence of any kind. The so-called affinity for Russia. Well, I have a profound affinity for Russian culture and for Russian history. I study it all the time. This is something new. And so, when you accuse a Republican or any Congressman of being a Kremlin agent, this has become a commonplace. We are degraded.

The new Cold War is unfolding not far away from Russia, like the last in Berlin, but on Russia's borders in the Baltic and in Ukraine. We are building up our military presence there, so the Russians are counter-building up, though within their territory. That means the chances of hot war are now much greater than they were before. Meanwhile, not only do we not have a discussion of these real dangers in the United States but anyone who wants to incite a discussion, including the President of the United States, is called treasonous. Every time Trump has tried with Putin to reach a cooperative arrangement, for example, on fighting terrorism in Syria, which is a necessary purpose, literally, the New York Times and the others call him treasonous. Whereas, in the old days, the old Cold War, we had a robust discussion. There is none here. We have no alert system that's warning the American people and its representatives how dangerous this is. And as we mentioned before, it's not only Nunes, it's a lot of people who are being called Kremlin agents because they want to digress from the basic narrative.

Meanwhile, people in Moscow who formed their political establishment, who surround Putin and the Kremlin, I mean, the big brains who are formed policy tankers, and who have always tended to be kind of pro-American, and very moderate, have simply come to the conclusion that war is coming. They can't think of a single thing to tell the Kremlin to offset hawkish views in the Kremlin. Every day, there's something new. And these were the people in Moscow who are daytime peacekeeping interlockers. They have been destroyed by Russiagate. Their influence as Russia is zilch. And the McCarthyites in Russia, they have various terms, now called the pro-American lobby in Russia 'fifth columnists'. This is the damage that's been done. There's never been anything like this in my lifetime.

https://www.youtube.com/embed/CpVBA4OIfb8

The Democrats couldn't had downgrade their party further. This disgusting spectacle would make FDR totally ashamed of what this party has become. Not only they are voting for every pro-plutocracy GOP bill under Trump administration, but they have become champions in bringing back a much worse and unpredictable Cold War that is dangerously escalating tension with Russia.

And, unfortunately, even the most progressives of the Democrats are adopting the Russiagate bogus, like Bernie Sanders, because they know that if they don't obey to the narratives, the DNC establishment will crush them politically in no time.

[Jan 14, 2018] Neoliberalism betrayed its promises

Notable quotes:
"... A signal feature of modern totalitarianism was that it arose and came to power through the discontents of people's isolation and loneliness ..."
Jan 14, 2018 | www.nytimes.com

Originally from: How Democracies Perish - The New York Times

Deneen argues that [neo]liberal democracy has betrayed its promises. It was supposed to foster equality, but it has led to great inequality and a new aristocracy. It was supposed to give average people control over government, but average people feel alienated from government. It was supposed to foster liberty, but it creates a degraded popular culture in which consumers become slave to their appetites.

Many young people feel trapped in a system they have no faith in. Deneen quotes one of his students: "Because we view humanity -- and thus its institutions -- as corrupt and selfish, the only person we can rely upon is our self. The only way we can avoid failure, being let down, and ultimately succumbing to the chaotic world around us, therefore, is to have the means (financial security) to rely only upon ourselves."

... ... ...

When communism and fascism failed in the 20th century, this version of [neo]liberalism seemed triumphant. But it was a Pyrrhic victory, Deneen argues.

[Neo]Liberalism claims to be neutral but it's really anti-culture. It detaches people from nature, community, tradition and place. It detaches people from time. "Gratitude to the past and obligations to the future are replaced by a nearly universal pursuit of immediate gratification."

Once family and local community erode and social norms dissolve, individuals are left naked and unprotected. They seek solace in the state. They toggle between impersonal systems: globalized capitalism and the distant state. As the social order decays, people grasp for the security of authoritarianism. " A signal feature of modern totalitarianism was that it arose and came to power through the discontents of people's isolation and loneliness ," he observes.

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[Feb 11, 2018] How Russiagate fiasco destroys Kremlin moderates, accelerating danger for a hot war Published on Feb 06, 2018 | failedevolution.blogspot.gr

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[Feb 11, 2018] How Russiagate fiasco destroys Kremlin moderates, accelerating danger for a hot war

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[Apr 21, 2019] John Brennan's Police State USA

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