The Climate-Industrial Complex
Foundations and journalists who channel public funds into “renewable energy”
BY JOHN LEAKE | COURAGEOUS DISCOURSE | FEBRUARY 14, 2024
Of all rackets, the so-called “renewable energy” racket may be the most fraudulent and nonsensical. What geologists call the “Last Glacial Period” occurred between c. 115,000 – c. 11,700 years ago. Pretty much ALL human development has occurred since the glaciers retreated. During the last Ice Age, glaciers advanced as far south as what is now the state of Missouri. They retreated at a time when human population is estimated to have numbered around 4 million.
The following chart is a visual representation of successive cooling and warming trends and the associated advance and retreat of glaciers.
The so-called greenhouse gases—carbon dioxide, methane, nitrous oxide and ozone—comprise 0.04 percent of the earth’s atmosphere. Even scientists who pay lip service to the human induced global warming theory acknowledge that for most of the last 66 million years, CO2 levels in the earth’s atmosphere were much higher than they are today.
In the 1970s, climatologists were concerned that modern man would soon experience another cooling trend, resulting in yet another glacial advance that would bulldoze the cities of Canada and much of the United States. In the eighties, the theory of global warming—induced by human greenhouse gas emissions—became fashionable. What really ignited this intellectual, social, and political trend was the discovery that billions of public funds could be funneled into “renewable energy” industries through the mechanism of subsidies and tax credits.
This morning I stumbled across a notable investigative report titled Secret Partnership Fueling Climate Hawk Journalism. Note that many of the foundations that are key players in the Bio-Pharmaceutical Complex are also key players in the Climate-Industrial Complex.
Australia regime threatens X with “big trouble” if It doesn’t censor “misinformation”
By Didi Rankovic | Reclaim The Net | February 14, 2024
Australia’s authorities are once again putting pressure on social media, X this time, threatening that the company will face big fines and “big trouble” in general – unless “mis- and dis-” information is censored.
And, it is Australia’s new laws, when they come into force this year, that will represent the legal grounds for such actions.
The fines would run up to $3 million or 2 percent of annual turnover for “voluntary code of conduct” violations, and $7.8 million or 5 percent of annual turnover in case of lack of compliance with the Australian Communications and Media Authority (ACMA) “standards.”
This transpires from an article published by the Financial Review, citing Communications Minister Michelle Rowland, while the motive behind her last crusade is described as “a litany of issues” now allegedly plaguing X.
Rowland went all over the place to accuse X of “not doing enough” – from Taylor Swift deep fakes, to what’s likely a key point of contention – the platform’s decision to reinstate some 6,000 accounts of users previously banned by Twitter.
The thinking here seems to be that if the threat is made ahead of time, X will “align” better with Australia’s politics and agree to once again plunge itself into mass censorship.
The laws Rowland mentioned were drafted in 2023 with the aim of giving broader powers to the Australian Communications and Media Authority, specifically “to combat mis- and disinformation online,” the article said.
The upcoming legislation seeks to produce two effects – the tech industry subjecting itself to a formally voluntary code of conduct, and after this “carrot” comes the stick in the shape of the ACMA’s new powers, fines and punishment, if ACMA’s unhappy with how the code is adhered to.
Rowland added that X at this time “isn’t even covered by a voluntary industry code.” The reason is that X was removed from the code after it stopped the practice of flagging content running against (Twitter’s) “civic integrity policy.”
Elsewhere in Australia’s media scene, some are asking why the country’s government “hates Elon Musk.”
“It is about $300 million that Musk owes the Australian government so far,” wondered Sky News host James Macpherson. And by “owes” – he meant, the fines Australia has tried collecting from X even before the latest threats.
US spies behind ‘Russiagate’ conspiracy – report
US President Barack Obama and CIA Director John Brennan, December 14, 2012 in Washington, DC. © Pete Souza / The White House via Getty Images
RT | February 14, 2024
The US intelligence community inappropriately used foreign allies to target Republican presidential candidate Donald Trump’s campaign to set up the ‘Russiagate’ conspiracy ahead of the 2016 election, according to a trio of investigative journalists.
Michael Shellenberger, Matt Taibbi and Alex Gutentag – of ‘Twitter Files’ fame – published the first part of an investigation on Tuesday, in which they claim the so-called ‘Five Eyes’ were operationalized against Trump staffers, citing anonymous sources close to the House Intelligence Committee.
According to their report, President Barack Obama’s CIA Director, John Brennan, had sent America’s partners – the UK, Canada, Australia, and New Zealand – a list of 26 Trump associates to target with data collection, misinformation and manipulation.
The Russiagate conspiracy involved multiple failures across western media networks to critically assess US intelligence claims that Russia had interfered in the 2016 US presidential election. A 2018 Pulitzer prize was awarded to Washington Post and New York Times journalists for their reporting on what was later to exposed as a false story.
“They were making contacts and bumping Trump people going back to March 2016,” said a committee source. “They were sending people around the UK, Australia, Italy — the Mossad in Italy. MI6 was working at an intelligence school they had set up,” the journalists claim.
Officially, the FBI only started looking into the Trump campaign that summer, after an Australian diplomat reportedly overheard an aide mention Russia. If confirmed, these findings would demonstrate that the US intelligence community had worked for months before that to set up just such a pretext.
In a statement to the investigative journalists, the FBI said it had made “missteps” in the 2016 and 2017 investigation of the Trump campaign, but has since implemented reforms to prevent it from happening again.
“The allegations that GCHQ was asked to conduct ‘wiretapping’ against the then president-elect are nonsense,” a spokesman for the British surveillance agency said. “They are utterly ridiculous and should be ignored.” Shellenberger, Taibbi and Gutentag said they had never asked the GCHQ about “wiretapping.”
According to Shellenberger, there is a “10-inch binder” containing previously unknown documents about the intelligence community’s surveillance of the Trump campaign. The 45th US president had ordered these documents declassified, but they went missing instead. In a Fox News appearance on Tuesday evening, Shellenberger suggested the FBI’s August 2022 raid on Trump’s Mar-a-Lago resort may have been related to the missing binder.
After the US intelligence community created a pretext for investigating Trump for ‘ties to Russia,’ they spied on his campaign – and then his presidency – using a falsely obtained FISA warrant. The warrant was based on the ‘Steele dossier,’ a file compiled by a British spy in the pay of Hillary Clinton’s campaign, through several intermediaries. The FBI knew the dossier was false as early as January 2017, but continued using the FISA warrant for almost a year thereafter.
The FBI lawyer who altered evidence to obtain the warrant, Kevin Clinesmith, ended up sentenced to probation and his law license has since been restored.
CIA Had Foreign Allies Spy On Trump Team, Triggering Russia Collusion Hoax, Sources Say
By Michael Shellenberger, Matt Taibbi, and Alex Gutentag | Public | February 13, 2024
Last year, John Durham, a special prosecutor for the Department of Justice (DOJ), concluded that the Federal Bureau of Investigation (FBI) should never have opened its investigation of alleged collusion by then-presidential candidate Donald J. Trump and Russia in late July of 2016.
Now, multiple credible sources tell Public and Racket that the United States Intelligence Community (IC), including the Central Intelligence Agency (CIA), illegally mobilized foreign intelligence agencies to target Trump advisors long before the summer of 2016.
The new information fills many gaps in our understanding of the Russia collusion hoax and is supported by testimony already in the public record.
Until now, the official story has been that the FBI’s investigation began after Australian intelligence officials told US officials that a Trump aide had boasted to an Australian diplomat that Russia had damning material about Democratic presidential candidate Hillary Clinton.
In truth, the US IC asked the “Five Eyes” intelligence alliance to surveil Trump’s associates and share the intelligence they acquired with US agencies, say sources close to a House Permanent Select Committee on Intelligence (HSPCI) investigation. The Five Eyes nations are the US, UK, Canada, Australia, and New Zealand.
After Public and Racket had been told that President Barack Obama’s CIA Director, John Brennan, had identified 26 Trump associates for the Five Eyes to target, a source confirmed that the IC had “identified [them] as people to ‘bump,’ or make contact with or manipulate. They were targets of our own IC and law enforcement — targets for collection and misinformation.”
Unknown details about the FBI’s investigation of the Trump campaign and raw intelligence related to the IC’s surveillance of the Trump campaign are in a 10-inch binder that Trump ordered to be declassified at the very end of his term, sources told Public and Racket.
If the top-secret documents exist proving these charges, they are potentially proof that multiple US intelligence officials broke laws against spying and election interference.
“They were making contacts and bumping Trump people going back to March 2016,” a source close to the investigation said. “They were sending people around the UK, Australia, Italy — the Mossad in Italy. The MI6 was working at an intelligence school they had set up.”
The IC, a source said, considered the 26 Trump campaign people identified to “bump” or “reverse target,” or manipulate through confidential human sources (CHSs), to be easy marks because of their relative inexperience.
Doing so was illegal, both because US law prohibits such intelligence gathering unless authorized by a Foreign Intelligence Surveillance Act (FISA) warrant and because the weaponization of the IC for political purposes constitutes election interference.
…
Subscribers to Public substack can read the full report here…
US ‘security threat’ revelations prompt panic
RT | February 14, 2024
The US is facing a “serious national security threat” that requires action from the White House, the head of the House Intelligence Committee said on Wednesday. The exact nature of the alleged threat has not been revealed.
Mike Turner, an Ohio Republican, has sent a letter to all members of Congress about an urgent matter “with regard to a destabilizing foreign military capability.” The House Intelligence Committee voted on Tuesday to make certain information available to lawmakers between Wednesday and Friday this week, he said.
Turner also called on President Joe Biden to declassify “all information relating to this threat.”
What exactly the threat might entail, Turner did not say. CNN cited two anonymous sources and an unnamed US official to claim it was “related to Russia.” One of the sources, who has allegedly viewed the intelligence Turner provided, described it as “a highly concerning and destabilizing” Russian capability “that we were recently made aware of.”
A Fox News correspondent cited a Pentagon source to claim the threat “has to do with space.”
Answering questions from reporters on Wednesday afternoon, National Security Advisor Jake Sullivan said he had been trying to schedule a meeting of top lawmakers for Thursday when Turner went public with the existence of the “threat.”
“I’m not in a position to say anything further from this podium at this time,” Sullivan said when asked about the alleged threat.
Numerous social media commentators have pointed out the uncanny coincidence that the supposed “security threat” was announced just after the US Senate passed a $95 billion foreign aid bill – about two thirds of which was earmarked for Ukraine – and amid the pressure on the House of Representatives to do the same. Turner is a vocal proponent of funding Kiev.
The White House and most US media outlets have consistently denigrated Russia’s military capabilities and insisted that Ukraine is “winning” the conflict thanks to the ongoing support of the West.
According to NSA whistleblower Edward Snowden, the alleged threat was announced because “the White House and Intel Committee felt a need to scare Members of Congress into line for a certain set of controversial pro-war and/or surveillance votes” that are coming up.
US Dictating to its “Ally” Kenya and Creating Biased Vistas of Global Events
By Simon Chege Ndiritu – New Eastern Outlook – 14.02.2024
Democracy is (or should be) a form of government in which policy decisions are influenced by the Majority of the population. However, this is not what Washington has been doing with its ally Kenya. An article published in the East African (here) ran a revealing title, “US pushes Nairobi into anti-Houthi campaign as EA peer steer clear.” The heading reveals that Washington is influencing Kenya’s policy instead of the citizens doing so. In addition to this push, the US Secretary of Defense Lloyd Austin proceeded to announce that Kenya was working with the US to address the Red Sea and Ukraine crises; was he also speaking for Kenya? January 2024 article by CNBC (here) also admitted to Washington’s coercion of allies and urged change to ‘persuasion’ but apparently in vain. From the foregoing, there is no democracy in Washington’s camp as allies are forced to adopt an American-fashioned tunnel vision.
US Modus Operandi; Lying and Bribing
Amidst ongoing crises in the international arena, one would expect all governments to seek balanced information as a basis for sound policy, but Washington and its allies are pursuing the formers’ failed strategies, concerning the ongoing war in Ukraine, Israeli-Gaza war, and US-Houthis standoff in the Red Sea. Kenya’s populace has no interest in these wars which Washington created. Therefore, the Kenyan government should let the US address its misadventures in the interest of democracy. Kenya, as the so-called US ally is unwilling or unable to stand against Washington’s dictations, and instead amplify Washington’s talking points, and interests while omitting or denying inconvenient truths concerning the Haiti, the Red Sea, Palestine, and Ukraine.
The Kenyan Government experiences backlash at home after agreeing to send 1000 police officers to Haiti, after probably being bribed by Washington. The High Court of Kenya had ruled such deployment illegal (here) as the Kenyan constitution does not envision the police service being deployed outside the republic. One scholar, who also sat on the committee that drafted the new constitution, questioned the wisdom of sending police service to other countries while Kenya experiences a shortage (here). He noted that Kenya’s ratio of the police to citizenry fell below the UN recommendation, which made Washington’s request to Kenya, allegedly through the UN, misguided. He also noted Washington’s financial inducement of Kenya Shillings 14 billion, (here) which shows that when Washington is not misrepresenting the truth, it is bribing clients state to follow along with unpopular and illegal policies. This cannot be democracy and must be called out for what it is; Washington’s political meddling.
US Deceitful stand on Houthis
On 7th February 2024, the US Secretary of Defense Lloyd Austin announced that Kenya had joined other nations to defend the Red Sea from Houthi rebels and to assist Ukraine. Ukraine and the Red Sea crises have become another of Washington’s sideshows to distract allies’ attention away from their interests, and instead join the US to pursue its increasingly failing prospect of global domination. Citizen’s interests are set aside, such that Lloyd Austin, an American citizen with no role in the Kenyan government was announcing to Kenyans, hence extending the American dictatorship from coercing to talking for allies; the American democracy for you. In Austin’s company was Kenya’s Defense Cabinet Secretary, Adan Duale, (a devout Muslim who in the past even clashed with the chief Kadhi and purported to know matters of moon sighting better than the head of this religious group) was not bothered by how Austin’s policy was genociding Palestinian Muslims, and that Houthis were only trying to help fellow Muslims. Instead, Duale was willing to view the evolving crises through Washington’s tunnel vision that focuses solely on the Houthis and conceals Israel’s and the US’s illegal actions in Gaza, Lebanon, or Iraq.
Supporting Ukraine
Washington is openly meddling in Kenyan politics and illegally influencing policy towards Ukraine, noting that the Kenyan parliament has never debated the subject. Most Kenyans do not think the matter is a priority, as it has not been featured in the media or social media as being important to the masses. Despite this, Lloyd Austin, as seen earlier, announced Kenya’s support for Ukraine’s Contact Group, of about 50 countries that have stopped minding their business and followed Washington’s lead. I highly doubt whether the Kenyan government can provide any meaningful assistance to Ukraine if all the backing from the US and EU is counting to naught. Supporting Ukraine is another tunnel vision that the Kenyan Government has chosen to follow, as opposed to letting Washington address its imperial overreach alone. The US meddled in Ukraine’s political affairs from as early back as 2004 (here) and continued to 2014 precipitating a coup. The coup brought leaders handpicked by Victoria Nuland to power, as can be noted in her leaked phone call to the then-US ambassador to Ukraine, Mr. Geoffrey Pyatt (here). Therefore, all the responsibility for the atrocities committed by Ukraine’s regime handpicked by the US should be left to Washington to address. Kenya and other countries should let Ukraine and Washington face a Russia’s response for committing atrocities against Russian-speaking Ukrainians in the east and the south of Ukraine since 2014. Instead, Washington’s allies and vassals are being led to bankrupt themselves supporting its overindulgence and misadventure that will also not change the course of the war.
Washington Attempts to erase the Genocide in Gaza?
Washington and its Disciples in Nairobi are disregarding the reality that they are the course of the problem, and that Houthis only resulted to attacking Israeli-bound vessels after Washington-backed Israel declined to lift its medieval blockade against Gazans. Houthis also attacked US vessels in retaliation after the US and UK bombed Yemen. Evidence is seen here; on December 9th, 2023, the Houthis threatened to target all vessels headed to Israel, if Israel did not lift its blockade against Gaza and allow food and medicine in. The group had not attacked any vessels, but Washington and Israel decided to ignore the warning, probably knowing they would lie to their client regimes to target Houthis instead of obeying the international law. Despite the Preliminary ICJ’s ruling ordering Israel to stop Genocide against Palestinians (here), and media reports that close to 30,000 Gazans have been killed, the US and its allies are conveniently omitting this reality in their policy as seen in the excerpt by Kenya concerning Houthis action “We condemn these attacks and demand an end to them. We also underscore that those who supply the Houthis with the weapons to conduct these attacks are violating UN Security Council Resolution 2216 and international law” (here). The statement strips all the context from the event while trying to spin the matter to deny justice to Palestinians, and Justifying Washington’s savage attacks on Yemen. The US is violating international law and enlisting its client states to follow it, while ignoring its role in supporting Israeli genocide against Gazans. If there was any democracy in Washington’s camp, participants would have stopped the genocide, but that is not the case.
Simon Chege Ndiritu is a political observer and research analyst from Africa.
Palestinian arrests in West Bank exceed 7,000 since 7 October
(Photo Credit: Anadolu Ajansı)
The Cradle | February 14, 2024
The number of Israeli arrests in the West Bank since 7 October has risen to around 7,020, multiple institutions concerned with the rights of detained Palestinians reported on 13 February.
According to the human rights groups, 18 arrests were made in the West Bank overnight, including two women from Jericho alongside other children and former prisoners.
Overnight arrests made by the Israeli forces were mainly carried out in Hebron and Qalqiliya, while other arrests were made across Jericho, Nablus, Jerusalem, and Ramallah.
The Ministry of Detainees and Ex-Detainees Affairs, the Palestinian Prisoners Society (PPS), and the Addameer Prisoner Care and Human Rights Association released a joint statement revealing that the total number of arrests – including individuals from the 1948 territories – amounted to approximately 220 women and 440 children.
The number reported includes those arrested in their homes, at military checkpoints, those taken hostage, and those forced to surrender under pressure.
The statement added that 53 journalists had been detained since 7 October – 36 of whom remain imprisoned – with 21 others under administrative detention without charge or trial.
The detention campaigns are accompanied by escalating instances of abuse, beatings, and threats against the detainees and their family members. This includes the destruction of homes as well as the confiscation of vehicles, money, and jewelry.
They also reported executions targeting members of detainees’ families.
The data given by the prisoner rights groups does not include those arrested from Gaza due to Israel’s refusal to disclose such information.
The total number of Palestinians detained in Israeli prisons is estimated to exceed 9,000 individuals. Among them, there are 3,484 administrative detainees and 606 individuals classified as “illegal fighters” from Gaza.
Biden will not ‘punish Israel’ for civilian massacre in Rafah: Report
The Cradle | February 14, 2024
The White House has no “reprimand plans” in the works to punish Israel if its army launches a ground invasion into the city of Rafah in the southern Gaza Strip, where 1.4 million Palestinians are taking shelter after forcible displacement.
“Israeli forces could enter the city and harm civilians without facing American consequences,” POLITICO reports, citing three US officials speaking on condition of anonymity.
Measuring about 64 square kilometers in size, Rafah is severely overcrowded, with hundreds of thousands of civilians who fled there after the Israeli army designated the city a “safe zone” in its ongoing genocide campaign.
Israeli Prime Minister Benjamin Netanyahu plans to stage a land assault on Rafah, as he announced over the past several days, where he claims the “last four battalions” of Hamas’ armed wing are entrenched.
“We’re going to do it while providing safe passage for the civilian population so they can leave,” Netanyahu said in an interview with US outlet ABC News on Sunday. The premier, however, failed to specify where such a large number of displaced civilians could evacuate, stating only that Tel Aviv is “working out a detailed plan.” He alleged that “there are plenty of areas” north of Rafah despite the Israeli army having flattened most buildings and infrastructure in that region.
US President Joe Biden reportedly told Netanyahu on Sunday that an attack on Rafah should not be launched “without a credible and executable plan for ensuring the safety of and support for the more than one million people sheltering there,” yet he did not oppose the operation.
Hours later, bombs rained down on Rafah, killing over 100 civilians.
Over recent weeks, western media has been awash with reports that Biden is growing “frustrated” with Netanyahu, even using “disparaging terms” to refer to the Israeli premier and holding discussions about the “day after” Netanyahu.
Nevertheless, public statements by White House officials make it abundantly clear there will be no change in approach to US–Israel relations.
Newly-minted US National Security Council Coordinator for Strategic Communications John Kirby told reporters on Monday that the White House will “continue to support Israel … And we’re going to continue to make sure they have the tools and the capabilities” to continue military operations.
Asked on Wednesday what the US response would be to a ground invasion of Rafah without concern for civilian safety, Kirby refused to respond, saying, “I’m not going to get into a hypothetical game.” The senior US official has also come under fire for saying the Israeli military is doing a “better job at protecting civilians in Gaza” than their US counterparts would.
Furthermore, as international calls grow for Washington to cut arms deliveries to Israel, earlier this month, US Assistant Secretary of State for Near Eastern Affairs, Barbara Leaf, made it clear Washington has no plans to do such a thing.
“In a word, no – we are not contemplating that,” Leaf told reporters during a digital press briefing when asked if the White House is contemplating a reduction in the pace of arms deliveries to Israel.
In addition to fueling the mass murder of nearly 30,000 Palestinians in Gaza, the US has also provided political cover for Israel. Most recently, it threatened to review its ties with South Africa after Pretoria took Tel Aviv to the International Court of Justice (ICJ) on charges of genocide.
When courts intervene: halting the transfer of vital military equipment to Israel
By Dr Binoy Kampmark | MEMO | February 14, 2024
IRGC simulates destroying Israeli F-35 hangars with ballistic missiles
Press TV – February 14, 2024
Iran’s Islamic Revolution Guards Corps (IRGC) has simulated using ballistic missiles to destroy hangars housing the Israeli regime’s United States-procured F-35 warplanes.
The simulation took place during an exercise that was carried out by the Corps on Tuesday on the occasion of the National Guards Day, Iran’s Tasnim News Agency reported.
The drill saw the IRGC firing enhanced versions of its Emad and Qadr ballistic missiles against the F-35 hangars located inside a mock-up of the occupying regime’s Palmachim Airbase.
The ballistic missiles used during the drill boasted enhanced explosive nosecones as well as increased range and precision.
According to Tasnim, the enhanced version of the Emad liquid-fuel missiles struck the targets lying 1,700 kilometers (1056 miles) away with a margin of error of less than four meters.
Located 12 kilometers (seven miles) south of the city of Tel Aviv on the Mediterranean coast, Palmachim Airbase serves as the main facility housing the regime’s much-vaunted F-35 aircraft.
Speaking at the same airbase last month, Israeli Prime Minister Benjamin Netanyahu allegedly threatened the Islamic Republic with military action.
The Islamic Republic has repeatedly warned that it would never initiate a military action against another party, but would respond decisively and with its utmost power in case it came under attack.
Earlier this month, a senior IRGC commander warned the Israeli regime that endangering the Islamic Republic’s interests anywhere in the world would not go unanswered.
Brigadier General Abbas Nilforoushan, the IRGC’s deputy commander for operations, said, “This fake regime knows very well that it has received the answer to its evils daily. Whenever we decide, we will not hesitate to protect our interests and the Islamic Revolution, respond to Israeli acts of mischief with great force, and preserve the blood of our martyrs.”
Moody’s Downgrades Israel, Warns That Weaker US Backing for Israel, War with Hezbollah Would Trigger Crash
By John Helmer – Dances with Bears – February 11, 2024
Twice already the warning of the obvious has been posted in the money markets — Israel cannot survive a long war with the Arabs and Iran.
In this long war, the gods do not favour the Chosen People, it was reported on October 27, three weeks after the Hamas offensive began. The decline in Israel’s export earnings from tourism and diamonds; the loss of imported supplies for manufacturing and consumption from the Houthi blockade of the Red Sea; and increasing risk to both imports and exports at the Mediterranean ports within range of Hamas and Hezbollah strikes were identified at that time.
The international ratings agencies, Moody’s, Fitch and Standard and Poors, postponed announcing the obvious for as long as they could.
In attrition war, on the economic front just like the Gaza and other fire fronts, the Axis of Resistance wins by maintaining its offensive capacities and operations for longer than the US and US-backed Israeli forces can defend. Like troops, tanks, and artillery pieces, the operational goal is to grind the enemy slowly but surely into retreat, then capitulation. Last week, Moody’s had already decided in-house to downgrade Israel; for several days senior management fended off a ferocious attack from Israeli officials and their supporters in the US trying to compel postponement of the downgrade and the analytical report substantiating it.
On February 6, in a review of the shekel, bond, credit default swaps (CDS), budget deficit, and other indicators, the conclusion was there could be no stopping the money markets from moving against Israel. Negative ratings from the agencies raise the cost of servicing Israel’s state and corporate bonds, and put pressure on the state budget. A ratings downgrade is a signal to the markets to go negative against the issuer – this usually comes after the smart money has changed its mind and direction. In Israel’s case, however, there has been an exceptional delay between negative outlook and downgrade. The last Fitch report on Israel was dated October 17; Moody’s followed on October 19; Standard & Poors (S&P) on October 24.
That Israeli and US tactics had forced postponement of new reports from the troika was obvious. A fresh warning was published on this website: as real estate and other tax collections collapse, Israel will have to make a large cash call on the US. This is going to come in the near future, just as the government in Kiev has been forced into calling on Congress as the Ukraine war is being lost. The longer both wars are protracted, the more obviously the loss of confidence expresses itself in Washington.
Moody’s has now caught up. According to the Israeli press, this is the first credit and currency downgrade in their country’s history.
In a report dated last Friday but not issued until Saturday, the Jewish sabbath, the agency officially reduced Israel’s rating from A1 to A2, and added pointers of further downgrading to come. The Anglo-American press immediately reacted against Moody’s. “Israel hits back”, the Financial Times headlined. The newspaper added: “[Prime Minister Benjamin] Netanyahu, in a rare statement over the Jewish Sabbath, said: ‘The rating downgrade is not connected to the economy, it is entirely due to the fact that we are in a war. The rating will go back up the moment we win the war — and we will win the war.’” In the Associated Press report, “Israel’s finance minister blasts Moody’s downgrade”. Rupert Murdoch’s platform Fox claimed: “Israel has a strong, open economy despite Moody’s downgrade”. “Israel’s creditworthiness remains high,” according to the New York Times, “but the rating agency noted that the outlook for the country was negative… A rating of A2 is still a high rating.”
The press release version of Moody’s report is republished verbatim so that its meaning can be understood without the propaganda.
Three points have been missed in the Anglo-American counterattack and Israeli government’s bluster. The first is the warning that Israel will soon have to request enormous cash backing from the US, and if there is any sign of weakening on that in Washington, the collapse of the Israeli economy and its capacity to continue its war is inevitable. The Moody’s report camouflaged the point this way: “The related issuances benefit from an irrevocable, on-demand guarantee provided by the Government of the United States of America (Aaa negative) with the government acting through USAID. The notes benefit explicitly from ‘the full faith and credit of the US’ and as per prospectus, USAID is obligated to pay within three business days if the guarantee is called upon.”
The second point strikes at announcements from Israel Defence Forces (IDF) generals and Netanyahu of their plan to expand their operations on the northern front – the Litani River ultimatum they called it in December. According to Moody’s report, “downside risks remain at the A2 rating level. In particular, the risk of an escalation involving Hezbollah in the North of Israel remains, which would have a potentially much more negative impact on the economy than currently assumed under Moody’s baseline scenario. Government finances would also be under more intense pressure in such a scenario.”
The third point is the most explosive. After cutting Israel’s rating to A2, Moody’s warned that further and deeper downgrades may follow, but that there is presently no way the ratings agency can predict what will happen next. “The ongoing military conflict with Hamas, its aftermath and wider consequences materially raise political risk for Israel as well as weaken its executive and legislative institutions and its fiscal strength, for the foreseeable future.”
In flagging those last four words – “for the foreseeable future” — Moody’s has told the markets that the strategic initiative in this war has now passed to the Axis of Resistance. Of course, the Arabs and Iranians already know. … Full article
Beijing reacts to claim EU will target Chinese firms with Russia sanctions
RT | February 14, 2024
Beijing rejects “illegal sanctions” and will defend the interests of its companies, the Chinese Foreign Ministry has said following a report that the EU could blacklist some of the country’s firms for allegedly helping Russia to evade the bloc’s restrictions.
The EU is planning to place restrictions on three Chinese businesses and one Indian company as part of its 13th round of sanctions on Russia over its conflict with Ukraine, the Financial Times reported on Monday.
Brussels believes the firms in question are helping Moscow to circumvent existing restrictions, especially through the supply of electronic components that can be repurposed for use in drones and other weapons systems. If the plan is approved by member states, it will see the EU sanction companies from mainland China and India – two of the bloc’s key trading partners – for the first time.
”We are aware of the relevant reports,” the Chinese Foreign Ministry said in a statement on Tuesday. “China firmly opposes illegal sanctions or ‘long-arm jurisdiction’ against China on the grounds of cooperation between China and Russia.”
Chinese and Russian companies “carry out normal exchanges and cooperation and do not target third parties, nor should they be interfered with or influenced by third parties,” the ministry said.
Beijing “will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises.”
According to media reports, the EU was already considering sanctioning Chinese firms over their links with Russia last year, but refrained from doing so after Beijing assured Brussels that it was not supporting Moscow’s military effort in Ukraine.
Indian newspaper the Economic Times claimed on Wednesday that the government in New Delhi was also studying reports that an Indian firm could face sanctions over its dealings with Russia.
The Indian authorities may ask senior EU officials to clarify the situation during their meetings as part of the Raisina Dialogue forum on geopolitics and economy, which will take place in New Delhi next week, according to the outlet.
The paper’s source said it was “curious” that the report had emerged ahead of the high-profile event in the Indian capital.
Since the outbreak of the conflict between Russia and Ukraine in February 2022, both China and India have consistently called for a peaceful resolution of the crisis. Beijing and New Delhi have resisted Western pressure to join sanctions on Moscow, and instead have boosted economic cooperation with Russia, becoming the main destinations for Russian oil.
Chinese customs data shows that trade turnover between the two countries has grown by 26.6% percent in the past year, reaching a record $240 billion. The sales volume between Russia and India in the first ten months of 2023 stood at almost $55 billion, according to the Russian ambassador in New Delhi – an increase of 41% compared to 2022.
Featured Video
The 17th Amendment Allowed Empire
or go to
Aletho News Archives – Video-Images
Book Excerpt
World War Two Was Not a Just War
By David Swanson | September 20, 2016
Excerpted from the just released book War Is Never Just.
World War II is often called “the good war,” and has been since the U.S. war on Vietnam to which it was then contrasted. World War II so dominates U.S. and therefore Western entertainment and education, that “good” often comes to mean something more than “just.” The winner of the “Miss Italy” beauty pageant earlier this year got herself into a bit of a scandal by declaring that she would have liked to live through World War II. While she was mocked, she was clearly not alone. Many would like to be part of something widely depicted as noble, heroic, and exciting. Should they actually find a time machine, I recommend they read the statements of some actual WWII veterans and survivors before they head back to join the fun.[i] For purposes of this book, however, I am going to look only at the claim that WWII was morally just. … continue
Blog Roll
Recent Comments
Unome on How hawks in US are trying to… Unome on Pentagon orders withdrawal of… Unome on 15 nations have made their pos… Kayleen on UK has flown 200 spy missions… poisonedwater on Hamas slams Biden for linking… poisonedwater on 15 nations have made their pos… Bill Francis on Britain At War-The Final … roberthstiver on Pro-Palestinian protests grow… roberthstiver on UK has flown 200 spy missions… Bill Francis on Pro-Palestinian protests grow… nancy hollander on How Britain Sabotaged Ukraine… 5 dancing shlomos on ‘We Get Paid to Vaccinate Your…
Aletho News- Dr. Peter McCullough Reveals How Much Doctors Were BRIBED to Push COVID Shots
- Green Blob Tells Government to Spend £30 Billion on Machine to Remove CO2 From the Air
- Western Media Ignites War on China in Sports
- 15 nations have made their position on the WHO sovereignty grab public before the WHA meeting commences
- Pentagon orders withdrawal of all US combat troops from Niger
- Hamas slams Biden for linking Gaza cease-fire to hostage release
- Gideon Falter, Campaign Against Antisemitism instruments of the Zionist entity
- How hawks in US are trying to demonize students protesting Israeli genocide
- Calling out UK for its brazen protection of pro-occupation forces
- Israel carpet bombs Gaza with no goal in sight
- If Americans Knew
- Israeli airstrikes in southern Gaza, invasion in central Gaza, carpet bombing in north – Day 217
- Strapped down, blindfolded, held in diapers: Israeli whistleblowers detail abuse of Palestinians in shadowy detention center
- Fighter jets, attack drones hammer Rafah; catastrophe looms – Day 217
- What it’s like to be used as a human shield by the Israeli army
- Detailed study finds 99% of pro-Palestine protests at US universities are peaceful
- VIDEO: Armenian Christians under siege by Israel
- Ex-Israeli special forces agent says he went ‘undercover’ at UCLA protest encampment
- The mainstream media distorted our anti-Vietnam War protests 50 years ago. They’re following the same strategy today
- Pete McCloskey, longtime supporter of Palestinians and USS Liberty veterans, has passed away
- Israel will kill Palestinians just fine without US heavy payload weapons; humanitarian crisis spirals – Day 216
- International Solidarity Movement
- The Right to Resist Genocide by Land and By Sea
- Women Support Center in Nablus empowers women and girls, resists gendered violence and the Occupation
- Palestinian Family at Um Darit Harassed and Isolated
- Occupation Forces Targeted Series of Strikes Kills 7 Aid Workers in Gaza
- Israeli army and police escalate repression of human rights volunteers following Knesset hearing.
- Illegal Israeli Settlers Continue Attacks on Shepherds in Masafer Yatta
- Second Friday of Ramadan at Qalandia Checkpoint
- Deceptively “quiet” first week of Ramadan in Jerusalem: a result of restrictions at Qalandia checkpoint
- Masafer Yatta: Israeli Settlers Burn a Family Car in Um Dhorit
- Violent arrest of Palestinian women in Susiya, Masafer Yatta
- Richie Allen
- The Richie Allen Show Returns Tomorrow Wednesday April 24th
- Call Richie Today Monday March 11th From 4.30pm
- Connect To The Richie Allen Show WhatsApp Today
- NHS Asks Patients To Choose From 12 Genders, 10 sexual Preferences & 159 Religions
- The Richie Allen Show Moves To A New Time Slot From Monday Nov 20th
- Starmer Will Sack Shadow Ministers Who Vote For Gaza Ceasefire
- AI Tool Can Predict Heart Attacks Years In Advance
- Nepal Bans TikTok To Preserve Social Harmony
- Bloke Appointed Boss Of Womb Health Charity
- WHO – “Gaza’s Biggest Hospital Becoming A Cemetery”
- No Tricks Zone
- New Paper: Global Warming Leading To HIMALAYAN COOLING, Preventing Glacial Melt!
- DNA Evidence Reveals Domestic Cats, Dogs, African Wildcats, Frogs Lived In The Arctic 9000 Years Ago
- -80°C: Antarctic Vostok Station Records “Extreme Winter Cold”…Not Even Winter Yet!
- The German E-Vehicle Nightmare, 2024 Q1 Sales Plummet 14%… “Graveyard” For Unsold Cars
- Newly Discovered 90,000-Year-Old Human Footprints Reveal How Much Higher Sea Levels Used To Be
- Germany’s Economic Bloodbath Worsens As Green Revolution Causes Economy To Bleed To Death
- Water Vapor Absorbs 84 Times More Radiation Than CO2 … Clouds Drove 89% Of 1982-2018 Warming
- The 97% Consensus Claim Is In Fact 97% Bogus
- Post-1980s Increases In Shortwave Radiation Explains Europe’s Warming Trends Far Better Than CO2
- “A Thing Where Every Part Of Your Life Just Confirms What It Is That You Want To Believe”
Aletho News 