Biden Speech on Aid to Israel, Ukraine Embodied ‘America Last’ Policy, Says Ex-US Diplomat
Sputnik – 21.10.2023
WASHINGTON – The president made a rare address to the nation on Thursday in which he argued that funding Israel and Ukraine was a matter of US security.
President Joe Biden’s nationally broadcast speech seeking broad support for stepping up already huge levels of US aid to Ukraine and Israel was another unthinking, reflexive expression of the globalist mindset that has been destroying the US economy and society over the past several decades in pursuit of crazed international goals, former State Department diplomat James Carden said.
“The speech will be remembered, if at all, as a perfect encapsulation of the ‘America Last’ mindset of our ruling class, which privileges foreign countries over middle and working class Americans,” Carden said.
The US president said he was requesting that Congress fund renewed supplies of weapons and other aid to President Volodymyr Zelensky’s regime in Ukraine and he was linking that goal with pushing through a parallel enormous increased aid package to Israel as it prepares to invade Gaza to eliminate Hamas.
However, Carden pointed out that Biden paid no attention to the out of control crime, security, economic, social and drug crises now sweeping the United States.
Biden spent no time at all addressing the sufferings of the domestic communities that have been destroyed over the past three decades by free trade agreements, endless wars and an open border policy that has flooded the country with fentanyl and opioids which are killing what little remains of their communities, Carden said.
The almost-81-year-old president gave no hint of new thinking, moderation, compromise or flexibility in his address, Carden added.
“Biden’s speech signals that there will be no rethinking US policy toward Ukraine or the Middle East,” he said, adding that instead, the “strategic assumptions in the speech were absurd and obsolete”.
Biden’s comments “validated George Kennan’s view that the United States is similar to one of those prehistoric monsters with a body as long as this room and a brain the size of a pin,” Carden added.
The Biden administration is requesting from Congress funds in the amount of $106 billion, primarily for the defense needs of Ukraine and Israel, but also for strengthening the United States’ position in the Indo-Pacific and for operations on the southern US border. Of the total sum, the administration is requesting more than $60 billion for Ukraine.
Israeli economy plunges into recession
The Cradle | October 20, 2023
Israeli economists have reported a major recession due to the ongoing war against the Palestinian resistance factions.
“Israel has entered the war, and it is in a recession, and trade is currently zero,” Israeli daily business paper, The Marker, noted.
The Israeli economy has taken a serious hit at the hands of Operation Al-Aqsa Flood, losing $3 billion in damages on the first day of the war alone, a state that some economists say is worse than it was during their 2006 war with Hezbollah.
The Marker report went on to say, “the second week of the war is about to end, a week when there is almost no trade in Israel, and many are trying to stay with their heads above the water, afraid of the future – and they still don’t know who will compensate them and when?”
US economic risk analysis firm Moody’s has put the Israeli A1 rating, a high rating attractive to any investor, on hold, given the current crisis.
Fitch Ratings had also negatively reviewed Israeli economic status, placing their credit score on a negative watch earlier this week.
“While not our base case, such large-scale escalation, in addition to human loss, could result in significant additional military spending, destruction of infrastructure, sustained change in consumer and investment sentiment and thus lead to a large deterioration of Israel’s credit metrics,” Fitch Ratings wrote in a statement.
No previous war or global economic crisis has downgraded Israel’s rating by any of the major economic rating companies. These downgrades can make future trade more difficult for Israel.
Interest rates are at the highest they have been since the 2006 war with Lebanon.
According to a Bloomberg report, the shekel is among the world’s worst-performing currencies this month despite a $45 billion package of emergency measures.
Two days after the start of the current war, on 9 October, the Bank of Israel sold off $30 billion in foreign reserves in an attempt to prevent the currency from further falling under the dollar.
This increasing economic decline is an addition to the already faulty economy.
War with Hamas deals ‘severe economic blow’ to Israel
The Cradle | October 17, 2023
Eleven days into its war with the Hamas-led Palestinian resistance, Israel is paying a heavy economic toll, Maariv reported on 17 October.
The Israeli newspaper reported that “the Israeli economy appears to have already begun to pay a heavy price for the war,” which began on 7 October with the start of Hamas’ Al-Aqsa Flood Operation.
The newspaper explained in a report published Tuesday that “4.6 billion shekels [$1.1 billion] is the price paid by the Israeli economy as a result of workers not coming to work and low productivity in Israeli institutions.”
According to the analysis of the economic department of Israel’s Manufacturers Union, the closure of the education system, blocking of traffic routes, and the extensive mobilization of the army reserves has also hurt economic productivity.
In total, it is estimated that about 1.3 million Israeli workers did not go to work this week.
In southern Israel, some 85 percent of workers were absent from their jobs, along with about 20 percent of workers in the rest of Israel.
The head of the Manufacturers’ Union and the head of the Employers and Companies Association, Ron Tomer, said after the harsh assessments that “there is no doubt that the war constitutes a severe economic blow to the economy.”
According to Maariv, this estimate does not take into account “additional and very significant financial damage, which will only be assessed economically at the end of the fighting, such as direct damage to factories and damage to profitability.”
In addition to decreased productivity, Israel will see indirect damage, such as the damage to the reputation of Israeli companies with customers abroad, cancelled transactions, failure to adhere to schedules, and the depreciation of the shekel.
Should the conflict widen to include not just Hamas but also Iran, a key backer of the Palestinians, Bloomberg estimates oil prices could climb to $150 a barrel and cause a global recession that takes about $1 trillion off world output.
Iranian involvement on the Palestinian side could lead to a cut in Iranian oil output and a tightening of western sanctions hindering Iranian oil sales.
Bloomberg notes further that an oil shock of this size would also derail the worldwide effort to rein in inflation. In the US, the Federal Reserve’s 2 percent inflation target would not be met, and costly gasoline would be a hurdle for President Joe Biden’s re-election campaign.
Another possibility is that Iran could close the Strait of Hormuz, the world’s single-most important energy corridor. Globally, over one-sixth of oil and one-third of liquefied natural gas passes through the narrow strait
“The gas market is calm but tense,” Henning Gloystein, director for energy, climate and resources at the Eurasia Group think tank said.
“It doesn’t take much to go into a fever pitch. We had the Ukraine war, Russian gas supply cuts, oil cap sanctions and now you have war in the Middle East as well — that’s a problem,” he said.
Hungary PM Orbán meets with Putin in Beijing
BY THOMAS BROOKE | REMIX NEWS | OCTOBER 17, 2023
Hungarian Prime Minister Viktor Orbán met with Russian President Vladimir Putin in Beijing on Tuesday to discuss ongoing bilateral agreements between the two nations.
The pair were snapped shaking hands in the Chinese capital — the first photographed handshake between Putin and an EU leader since the Russian invasion of Ukraine in February last year.
Orbán told the Russian president that “Hungary has never sought to confront Russia” and has always and will continue to “pursue the goal of building and expanding the best communication,” reported Russia’s state-run news agency TASS.
“In Europe today, one question is on everyone’s mind: Will there be a ceasefire in Ukraine? For us Hungarians, too, the most important thing is that the flood of refugees, the sanctions, and the fighting in our neighboring country should end,” Orbán posted on X following the meeting.
Budapest has maintained relatively close relations with Moscow and faced the wrath of the European Union for steering its own course through the conflict in Ukraine and refusing to present a united front with other EU leaders.
Orbán’s administration has long opposed the provision of arms to Kyiv, which it claims is prolonging the conflict and increasing the death toll, and has advocated for an immediate ceasefire and peace talks.
The rendezvous exerts further pressure on Brussels, which requires Hungary’s approval for proposed budget reforms in order to unlock further funding for Ukraine.
“Given the fact that in today’s geopolitical conditions the opportunities for maintaining contacts and developing relations are very limited, it can only cause satisfaction that our relations with many European countries are maintained and developed. One of these countries is Hungary,” Putin told Orban.
The meeting was criticized by U.S. Ambassador to Hungary David Pressman who accused Orbán of “pleading for business deals” while Russia continues its aggression in Ukraine.
“Hungary’s leader chooses to stand with a man whose forces are responsible for crimes against humanity in Ukraine, and alone among our Allies,” he posted on X.
This interpretation of the meeting was questioned by the Hungarian prime minister’s political director, Balázs Orbán, who claimed that Budapest was “fed up” with Pressman’s “hypocrisy.”
“If the question is who’s doing business with the Russians, the Americans should turn down the volume. They are buying more than twice as much nuclear fuel alone as they used to, and we have a whole list of them,” he added.
“Since your president refuses to talk about ending this war, someone has to,” quipped Koskovics Zoltán, a geopolitical analyst at the Budapest-based Center for Fundamental Rights.
Both leaders arrived in Beijing at the invitation of Chinese President Xi ahead of an international forum on China’s Belt and Road Initiative.
Earlier on Tuesday, Orbán met with the Chinese leader to discuss the strengthening of Hungarian-Chinese relations.
“Connectivity instead of decoupling: This is the Hungarian model. Our aim is to strengthen Hungarian-Chinese relations. This is good for Hungary and good for the European economy,” he said in a statement.
EU wants to increase Ukraine aid by €50 billion despite corruption concerns
MAGYAR NEMZET | October 17, 2023
The European Union plans to set up a fund called the Ukraine Facility, under which a new credit line for Ukraine would be opened in the amount of €50 billion for the period 2024-2027, but there are growing concerns about corruption.
The facility would provide assistance to Ukraine in three pillars. The first pillar would provide financial assistance to Ukraine, the second would support and finance investment, and under the third pillar, Brussels would help Ukraine plan the reforms needed to join the European Union. A specific feature of the Ukraine Facility is that frozen Russian assets would be confiscated and incorporated into the assistance model.
However, support for Ukraine remains a divisive issue in Brussels. Although the EU is keen to continue providing aid to a country at war, it is undeniable that Ukraine features sky-high levels of corruption and the “rule of law” fell far short of EU standards even before the war broke out, let alone during it. This came to the fore in Strasbourg during Monday’s plenary session when the Ukraine Facility was debated.
MEPs Michael Gahler and Eider Gardiazabal Rubial, the proponents of the report, said that the €50 billion credit line is a significant commitment by the European Union. They argued that Ukraine needs to improve corruption rates, the independence of its judiciary, the fight against oligarchs, and the fight against organized crime, but these efforts can be successful if complemented by the private sector.
Due to the corruption situation, several MEPs also expressed concerns about whether EU funds will go where they are supposed to. Roman Haider of the Austrian Freedom Party (FPÖ) complained that while sanctions are not working and the European economy has failed, it is worth considering whether it is worth investing another €50 billion in Ukraine, a country that is corrupt at all levels.
At the end of the agenda point, Johannes Hahn, commissioner for budget and administrative affairs of the European Commission, spoke on behalf of the commission, reminding the critical voices that “we Europeans must clearly support Ukraine.”
The politician also said that so far €80 billion in aid had been made available to Ukraine in various forms, including military assistance, and that the EU would support Ukraine as long as it needed it.
Detente climate poisoned as US congressional report hypes China, Russia’s ‘nuke threats’
By Wang Qi | Global Times | October 13, 2023
Despite a recent climate of detente between China and the US, a US report by a congressionally mandated panel hyped “threats” from China and Russia, urging Washington to prepare for possible simultaneous wars with Moscow and Beijing and enhance its already formidable nuclear arsenal.
Analysts said Friday that the report will harm the fragile thawing in relations between China and the US. As the report is likely to be reflected in the future National Defense Authorization Act, it will also poison the global strategic environment for the next decade, they said.
Citing a senior official involved in the report by the Strategic Posture Commission, Reuters said the panel members are worried about “ultimate coordination” between China and Russia, which will get the US into a two-war construct.
The US and its allies must be ready to deter and defeat both adversaries simultaneously, the Strategic Posture Commission said, urging Washington to expand or restructure its nuclear arsenal to tackle the “existential challenge.”
The panel’s vice chair, Jon Kyl, a retired Republican senator, said that the US requires huge defense spending increases, and both the White House and Congress need to tell the US people that higher defense spending is a small price to pay “to hopefully preclude” a possible nuclear war involving the US, China and Russia.
It is very rare that this quasi-official report suggests the need to prepare for simultaneous war with China and Russia, including nuclear deterrence and counterattack, Lü Xiang, a US studies research fellow at the Chinese Academy of Social Sciences, told the Global Times on Friday.
The report is perhaps the boldest vision from the US strategic community since the Cold War, endorsing the interests of the military-industrial complex, and seeking to influence the US decision-making community, Lü said.
The report came at a time when Beijing-Washington ties showed signs of warming, after a slew of meetings between high-level officials. On Thursday local time, the US accepted China’s invitation to attend the Xiangshan Forum, a top security forum in Beijing this month, according to the media.
This report undoubtedly poisons the current climate of warming ties between China and the US, and will inevitably poison the strategic environment for the next decade, said Lü, noting the report’s recommendations are likely to be embodied in the National Defense Authorization Act, and the US will most likely significantly expand its nuclear forces in the next decade.
It means that the US is going to maximize the “challenges” and then respond to the “worst possibilities it has assumed,” he noted.
Although China has always emphasized an active defense strategy, we must also be prepared for a risky US posture on nuclear weapons, Lü said.
In February, Senior Colonel Tan Kefei, spokesperson for the Chinese Ministry of National Defense, stressed that even though the US has the largest nuclear arsenal in the world, it is still investing heavily in upgrading its nuclear triad. The US has been repeatedly hyping up the so-called “China nuclear threat,” only to seek excuses for expanding its own nuclear arsenal and maintaining military hegemony.
In 2020, Fu Cong, then director general of the Department of Arms Control and Disarmament, cited statistics from renowned international think tanks, pointing out that the US nuclear arsenal stands at about 5,800 nuclear warheads, which is almost 20 times that of China’s.
The US report is still asking for more defense spending, but how much more the US economy can afford to raise its defense budget remains doubtful, Lü said.
For fiscal year 2024, the US defense budget request hit another record high of $842 billion, more than the gross domestic product of Saudi Arabia for the entire year of 2021, and 20 percent higher than the combined defense budgets of nine countries, including China, Russia, India, and the UK, According to Xinhua.
US strategic circles should clearly understand that if a nuclear war between China, the US and Russia really breaks out, it will be disastrous for the world. Moreover, if the US assumes that a nuclear war will break out, others will look at the US as a participant, which poses risk to the US as well, analysts said.
Former German chancellor slams increased military spending due to unrealistic Russian threat
By Ahmed Adel | October 16, 2023
The German government needs to invest mainly in infrastructure, education, and housing instead of the military because the danger allegedly coming from Russia is unrealistic, said the country’s former chancellor, Gerhard Schröder, in an interview with the Suddeutsche Zeitung newspaper. His statement comes as the popularity of German Chancellor Olaf Scholz continues to decline, along with the economy.
“Do you really believe that Russian medium-range missiles will be fired at Germany?” he said, commenting on the government’s increased spending on the German Army’s combat capabilities.
Schröder criticised Scholz for creating a special fund for the German Army despite other problems existing in Germany that require considerable investment.
“Scholz said: €100 billion – and nobody knows what for,” he highlighted.
Instead of investing mainly in rearmament, the former chancellor called for infrastructure, education, and housing investments because, according to Schröder, German citizens are miserable.
The Bundestag and the Bundesrat (both chambers of the German parliament), in turn, in June last year and by a majority vote, supported Scholz’s initiative to create a special fund for the Bundeswehr worth €100 billion. The current chancellor believes that the German military will have the largest regular army in Europe after modernisation.
Scholz formed a coalition of his SDP party, the Greens, and the Free Democratic Party (FDP) to gain power. However, at the halfway point of his term, the popularity of his party and coalition is looking grim, and news of wasting €100 billion on the military is not improving the situation.
A poll by DEUTSCHLANDTREND at the end of August found that if a federal election were to be held, the SPD would gather just 16% of the vote — nearly 10% lower than when it secured power — and, more importantly, behind the Alternative for Deutschland (AfD) party, which seeks reconciliation with Russia and end of support for Ukraine.
Meanwhile, a poll by German broadcaster ZDF, also conducted in the second half of August, found that 51% of Germans are dissatisfied with Scholz’s leadership for the first time since he took office in 2021. Only 43% of respondents said they were satisfied with Scholz’s work.
If these same polls were conducted now, Scholtz’s popularity would likely be even lower, considering the government announced on October 11 that the German economy is expected to shrink by 0.4% this year.
“We’ve had a difficult year economically, at a difficult time,” said Economy Minister Robert Habeck. “[The cause is] the energy price crisis, the need for the European Central Bank to fight inflation and the weakening of important global economic partners [, such as China].”
Berlin’s new forecast contrasts with the 0.4% growth initially predicted in late April. “We are emerging from the crisis more slowly than expected,” Habeck added, but “we have reached the low point and will be moving forward again.”
Only a day before Berlin’s economic revision, the International Monetary Fund forecasted that the German economy would shrink by 0.5%, while a group of leading German economic think tanks in September predicted a 0.6% contraction.
The Economy Ministry expects the economy to pick up in the winter and then accelerate because of recovering consumer demand. The Ministry also explained that the “necessary fighting of inflation” by the European Central Bank has been a factor in Germany’s economic difficulties, which resulted in higher borrowing costs.
Germany’s main issues include an ageing population, lagging use of digital technology in business and government, excessive red tape, a shortage of skilled labour, and, most importantly, crushing energy costs due to the self-depravation sanctions regime imposed on Russia. It is for this reason that Germany is slowly and quietly returning to Russian energy sources after it was revealed recently that Securing Energy for Europe GmbH — a former unit of Russian gas giant Gazprom PJSC — plans to load LNG produced by the Yamal plant in Siberia early next month.
Although the EU has imposed sanctions on Russia following the announcement of a special military operation against Ukraine, the bloc still allows the import of Russian LNG. This has not stopped European politicians from criticising Russian LNG shipments’ approval, which increased after Gazprom suspended Nord Stream pipeline deliveries, but it does show how Germany struggles to balance its economic interests with its false moralising of Russia.
For this reason, Schröder is absolutely correct in his assessment that decision-makers in Berlin should start prioritising domestic matters rather than trying to build Europe’s largest military force at the massive price of €100 billion despite no credible threat existing against the country and other issues needing priority.
Ahmed Adel is a Cairo-based geopolitics and political economy researcher.
Partnership with Russia in Hungary’s national interest – FM
RT | October 15, 2023
Budapest will stick to agreements with Russia in the energy sphere despite Ukraine-related sanctions and pressure from EU peers, Hungarian Foreign Minister Peter Szijjarto told RT on Friday, on the sidelines of the annual Russian Energy Week forum. The official stressed that his country will always put its national interests first and that energy cooperation with Russia is among its key priorities in this regard.
“Our national interest is to definitely have reliable, mutually respectful cooperation with Russia. Without Russian energy we would not be able to guarantee the safe supply of energy for our country,” he stated, adding that, for Hungary, the supply of energy “is not a political issue or an ideological issue, but a physical one.”
The official noted that his country is in constant contact with Moscow “to make sure our cooperation continues according to our existing contracts.” Hungary continues to buy Russian gas under the 15-year contract with energy major Gazprom signed in 2021, which provides for the supply of 4.5 billion cubic meters of natural gas annually. The country is also buying Russian oil via pipelines that run through Croatia and Ukraine, having secured an exemption from the sanctions imposed by Brussels on Russian crude oil imports last year.
Another large part of Russian-Hungarian cooperation is the work on new reactors for Hungary’s Paks-2 nuclear power plant under a contract with Russia’s Rosatom. According to Szijjarto, the construction process has already started.
“The cut-off walls are now under construction – that gives us hope that by the beginning of the next decade we will be able to connect the two new blocks to the grid, which will increase the nuclear capacity from 2,000 megawatts to 4,400 megawatts,” he said, adding that the project will make Hungary’s power production “more competitive, safer and more environmentally-friendly.”
Szijjarto conceded that the project faced much pressure, especially with the EU continuously pitching the Russian nuclear industry as a potential candidate for sanctions. However, according to the foreign minister the EU is unlikely to go through with these threats.
“We made it very clear that we will not agree to any sanctions package which will include the nuclear industry… because for us it would be totally against our national interests if the nuclear industry was under sanctions. And since the US has bought 416 tons of uranium from Russia during the first half of this year, I think no real arguments are there for the EU to put the Russian nuclear industry under sanctions… that would be a huge hypocrisy.”
Szijjarto reiterated previous statements that the West’s anti-Russia sanctions policy has failed, and urged the collective EU to help Russia and Ukraine bring the conflict to an end instead of heaping more punitive measures on Moscow.
“The EU is struggling when it comes to economy and when it comes to competitiveness, it’s obvious – there are figures – China has already overtaken us when it comes to share of global GDP. So, the EU should make the decisions in order to improve competitiveness… and sanctions [against Russia] have contributed to the loss of competitiveness, for sure… Instead of imposing sanctions and delivering weapons, we should start discussions about peace,” he stated, warning that circumstances for peace talks will become less favorable as time passes by.
Luton Car Park Fire Update
By Paul Homewood | Not A Lot Of People Know That | October 12, 2023
There’s some more footage of the Luton fire, which gives a much clearer idea of just how big and explosive it was:
https://twitter.com/BabylonBulletin/status/1711879370741067949
https://twitter.com/FanHubHatter/status/1712043494598902266
https://twitter.com/omario_omari/status/1711865889295937959
https://twitter.com/CHSandhu886/status/1711875340614644195
It has been claimed by the Fire Service that the fire started on a Range Rover diesel, but experts are dismissive of this.
For instance, AA technical expert Greg Carter said the most common cause of car fires is an electrical fault with the 12-volt battery system. But he added that diesel is “much less flammable” than petrol and in a car it takes “intense pressure or sustained flame” to ignite diesel.
Regardless of the initial cause, it is difficult to see how the fire could have spread so rapidly without EVs being involved. According to Andy Hopkinson of the Bedfordshire Fire Service, within ten minutes, the fire had already spread across a “large number of vehicles and a number of floors”.
Can anyone honestly remember such a fire in a multi-storey car park before?
We should not regard it as a coincidence that Sydney Airport had its own electric car fire in its car park just a month ago:
We’ll have to wait for the facts to emerge in due course to find out what caused the fire in the first place.
But the explosions reported, the collapse of the floor and the speed at which the fire spread certainly raise the suspicion that one or more EVs were involved.
Even if not, we do know that a car park full of EVs, which will be the case in a few short years time, would be lethal in the event of a fire.
Just imagine an underground car park beneath a block of flats.
Until the full facts emerge, EVs should be banned immediately from all multi-storey car parks.
‘Austria has paid enough!’ – Austria’s anti-sanctions FPÖ party tables motion to stop funding Ukraine
By Denes Albert | Remix News | October 09, 2023
The Austrian Freedom Party (FPÖ), which is currently the most popular party in Austria according to the latest polling, has tabled a motion demanding Austria withdraw funding of Ukraine given what it says are the billions of euros already gifted from Brussels.
The motion was rejected by all parties except the FPÖ.
“The EU must finally stop throwing billions of member states’ money out the window,” said MP Petra Steger, FPÖ spokesperson for its European policy, while speaking to the Austrian parliament’s foreign affairs committee.
“We say: Enough is enough. Austria has paid enough! Our job is to represent the interests of Austrian taxpayers. So, we are campaigning to put an end to this irresponsible policy at the expense of net contributor states and to suspend contributions until we are assured that our money is being used in a contractual and responsible manner and this huge waste is stopped,” Steger said after the meeting. The MP said that the EU institutions have lost all common sense when it comes to budgetary policy, with one budgetary excess following another in a totally irresponsible manner.
The conservative party has long argued against the EU’s sanctions regime against Russia, saying it has not hurt the Russian war effort and led to severe economic hardship for both Austria and Europe at large.
Austria will pay €3.6 billion in membership fees to Brussels this year, which includes contributions to the European Peace Facility to buy arms for Ukraine, as well as money for the Turkey Refugee Facility.
“As a result, Austrian citizens have been sending billions of euros to the EU institutions for years, and the EU institutions have been rewarding them with climate madness and the highest inflation since 1952. From the ban on internal combustion engines to absurd vaccine contracts and billions of euros in gifts to the Zelensky regime, the EU institutions are not acting in the interests of the Austrians. They are distributing the money they collect according to their ‘moral’ compass, instead of addressing the real concerns of Europeans,” said Steger.
FPÖ MEP Harald Vilimsky also said that Ukraine cannot join the European Union, and the Austrian government should stand by this position tooth and nail, as the consequences of Ukraine’s accession would be very serious. He stated that Ukraine’s accession to the EU, which Brussels is now pushing through wittingly or unwittingly, should be rejected for a number of reasons, one of which is the dramatic impact it would have on the EU budget.
“According to press reports, the EU commission is now modeling the consequences on the example of the current financial framework 2021-2027. According to this, Ukraine alone would receive €186 billion. If the six Western Balkan states plus Georgia and Moldova are included as additional accession countries, they would receive a total of €257 billion. Put simply, this means that Ukraine alone would need around 15 percent of the total EU budget,” Vilimsky said.
He added that in the area of agricultural subsidies, too, the Ukrainians could claim almost a third of the budget. In addition, Ukraine should receive €61 billion from the EU’s cohesion fund, as its GDP per capita is on a par with Algeria or Sri Lanka — about a tenth of the EU average.
Americans get poorer as Washington throws cash at Ukraine and migrants
By Robert Bridge | RT | October 8, 2023
As Uncle Sam continues to pump billions of dollars into Kiev’s flagging fight against Russia and provide tempting handouts to illegal migrants, why is the average American worker forced to live paycheck to paycheck?
Here’s a question that most people have considered at least once in their lives, and probably a lot recently: How much annual income would you need to feel financially secure? For the average American, the magic number comes out to be $233,000 a year, according to a survey by Bankrate.
To bring the ’99 percent’ back down to Earth, the US Census Bureau released some sobering data that dashed those elusive six-digit dreams. Inflation-adjusted median household income fell to $74,580 in 2022 – a 2.3% decline from the 2021 average of $76,330. This marks the third-straight annual decrease since the Covid-19 pandemic began in 2020, taking a wrecking ball to the heart of the economy.
The bad news doesn’t end there for US consumers, who are now struggling with the consequences of a foreign conflict in a distant land and a wide-open border. Those factors have prompted the cost of living to surge higher than it has in over four decades amid runaway inflation. In June 2022, the year-over-year inflation rate, as measured by the Consumer Price Index, hit a jaw-dropping 9.1%, the highest it’s been since the administration of former President Ronald Reagan.
A significant reason for the increase in inflation happened on March 3, 2022, when President Joe Biden signed an executive order to ban the import of Russian oil, liquefied natural gas, and coal to the US. This decision has had disastrous results for the local economy. Since Biden’s inauguration, the cost of gasoline alone had jumped at one point by 100% (as of September 27, the average price of regular gas was $3.832 per gallon, according to the AAA, while gas prices were an average of $2.3 per gallon when Biden entered office), forcing just about everything else to skyrocket, including the number of poor people.
The poverty rate in the US exploded last year, the first increase in 13 years, according to the Census Bureau. In 2022, the rate was 12.4%, up 4.6 percentage points from 2021, according to the Supplemental Poverty Measure (SPM), a method for tallying government welfare programs and tax credits designed to assist low-income families.
Meanwhile, the Expectations Index, determined by consumers’ short-term outlook for income, business, and labor market conditions, sunk to 73.7 in September. That follows a drop to 83.3 in August. The worrisome part is that an Expectations Index below 80 generally indicates an impending recession.
An economic tragedy is already quietly happening for millions of American consumers who are now living paycheck to paycheck precariously and who have been forced to use the payment method of last resort to make ends meet: the almighty credit card, with its exorbitant interest fees. On this score, the US economy has broken yet another record, although not in a way that could be considered something to cheer about.
“US credit card debt rose by $45 billion to $1.03 trillion in the second quarter from the first quarter, a 4.6% quarterly increase,” The Street reported. “It’s the first time in US history that household credit card balances topped the $1 trillion mark as the number of credit card accounts expanded by 5.48 million to 578.35 million in the quarter.” When consumer debt suddenly equals the amount the US spends on its military-industrial complex, you know there’s a problem.
Clearly, the US has some serious domestic issues that need to be resolved, but instead, it would rather fund a totally senseless proxy war against a nuclear power halfway around the world.
Washington has given Ukraine close to $100 billion in aid, with more in the pipeline, since Moscow launched its military operation in February 2022. The cash, however, has not only been used to fund Ukraine’s military. Billions of dollars have subsidized participants of the Ukrainian economy, like farmers and small business owners, market players whose counterparts in the US desperately need help, too. A recent study conducted by the Council on Foreign Relations shows that more than $30 billion – around 40% of total US aid to Ukraine as of July 31 – has been financial or humanitarian assistance that is not directly connected to military support. Military funding comes out to around $50 billion.
As if that were not enough, the Biden administration continues to welcome illegal migrants at a price that is more than what is being spent fighting a proxy war against Russia in Ukraine. Yes, you read that right; the annual cost of providing care for the millions of illegal migrants entering the US is $150.7 billion, according to the Fiscal Burden of Illegal Immigration on United States Taxpayers (FAIR).
In August, US Border Patrol recorded 232,972 migrant encounters along the southwestern border, a jump from 183,494 in July. The number of crossings for September is predicted to be higher than the previous month.
So here we have two concurrent events – a disastrous military conflict in Ukraine and a leaky US border – that are sucking away precious funds from the American taxpayer. It’s important to note that the king’s ransom that is being handed over to support these deranged Democratic agendas will never be returned, not in our lifetime. Instead, it will just be added to the unsustainable US national debt load, which is currently at $33 trillion, according to the US Debt Clock. That is an astronomical sum of money that we or future generations will someday be forced to deal with, and probably sooner rather than later.
What American citizen could possibly believe that any of this government funding has been a good investment for the American people? Well, they’re representatives in Washington, DC, for one. In May, ‘conservative’ US Senator Lindsey Graham, during a meeting with Ukrainian President Vladimir Zelensky in Kiev, pronounced joyfully that “the Russians are dying” and aid to Ukraine is “the best money we’ve ever spent.” Aside from discounting the chances that such an “investment” could have towards unleashing World War III, Graham never thought for a second that such funds could have gone far at rebuilding America’s crumbling infrastructure, like that non-existent wall on the US-Mexico border. It would have been a wonderful work program for the US economy.
In short, it’s just another day in the discombobulated American empire, which, much like its ancient Roman precursor, could learn the lesson of overexpansion and overspending in the most brutal way imaginable – with its total and complete dissolution.
Robert Bridge is an American writer and journalist. He is the author of ‘Midnight in the American Empire,’ How Corporations and Their Political Servants are Destroying the American Dream.
Biden’s Semiconductor Spat With China Could Backfire, Warn US Chipmakers
By Svetlana Ekimenko – Sputnik – 06.10.2023
As the Biden administration pushes on with efforts to curb China’s technological progress with new restrictions, America’s semiconductor giants are indicating alarm, warning that the US may be shooting itself in the foot, according to a media report.
Amid the semiconductor trade spat with Beijing that Washington launched last year with a plethora of restrictions, and fueled further with new attacks across the past months, America’s semiconductor companies have responded with the unabashed warning that such poorly thought out measures could eviscerate their own businesses. Furthermore, slashing sales to China could wreck the Biden administration’s ambitious plans of building new semiconductor factories on US soil, according to the report, citing scores of industry interviews.
Three global giants in the chip-making industry – Nvidia, Intel and Qualcomm – have reportedly been meeting with officials in the Biden administration, including Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo, along with representatives of an array of think-tanks to press the case for reconsidering additional chip restrictions to China.
China accounts for close to a third of the global semiconductor market, and more than $50 billion in combined annual revenue for Intel, Nvidia, and Qualcomm.
Leaders of these companies have, thus, been justifiably pointing out that loss of revenue on such a scale could provoke inevitable cuts in jobs, spending, and technology development, affecting US semiconductor hubs located in Ohio, New York, and Arizona.
The chief executives of these companies have warned that Washington’s attacks on Beijing could result in China speeding up the creation of its own independent chip industry.
Thus, they claimed, America’s ill-conceived semiconductor trade war would result Chinese-created chips dominating globally.
“What you risk is spurring the development of an ecosystem that’s led by competitors… And that can have a very negative effect on the US leadership in semiconductors, advanced technology and AI,” Tim Teter, Nvidia’s general counsel, was cited as saying.
Lobbying by these chip giants has brought results, according to cited sources, resulting in both a delay in issuing new restrictions, and a reportedly “narrowed list” of further changes that the Biden administration might potentially embark upon.
After last year’s restrictions stemming from the CHIPS Act signed by Biden, the American companies cited above have sought to “adjust” their businesses, revealed the report.
Thus, Nvidia was forced to come up with a new version of its AI chip, the H100, specifically tailored for China. To ensure compliance with US restrictions, that chip’s performance power was “lowered below the maximum levels allowed”, said the report. Nevertheless, losses grew and when chatter of impending new restrictions surfaced this summer, the chief executives ostensibly set off on more lobbying to Washington. Intel’s Patrick Gelsinger, Nvidia’s Jensen Huang, and Cristiano Amon of Qualcomm met with White House officials.
“Without orders from Chinese customers, there will be much less need to go ahead with projects such as Intel’s planned factory complex in Ohio,” Gelsinger reportedly told US National Security Advisor Jake Sullivan.
Furthermore, the Semiconductor Industry Association was cited as issuing a statement slamming the government’s restrictions as “broad, ambiguous and at times unilateral,” warning they could harm “the industry’s competitiveness”.
“Right now, China represents 25 percent to 30 percent of semiconductor exports. If I have 25 percent to 30 percent less market, I need to build fewer factories… You can’t walk away from 25 to 30 percent and the fastest-growing market in the world and expect that you [continue] funding the [R&D] and the manufacturing cycle that we’ve released… This is strategic to our future; we have to keep funding the [R&D], the manufacturing, etc… Today, we have more than 1,000 companies on the entities list, many of which have nothing to do with national security and nothing to do with security concerns in China,” Gelsinger subsequently said at the Aspen Security Forum in July.
Semiconductor Trade War
It has been slightly more than a year since the Biden administration took its first shot, with the US commerce department prohibiting companies from supplying advanced chips and chip-making equipment to China, and thus taking the trade war that his predecessor Donald Trump had waged against Beijing into the technological sphere.
The restrictions, along with the Washington’s CHIPS and Science Act of 2022, were portrayed as limiting China’s technological prowess. The US government had cited national security concerns, claiming that it was restricting the export of cutting-edge technologies that China could use for military purposes or to enhance its domestic semiconductor capabilities. The Act included more than $52 billion in subsidies for US semiconductor manufacturers. In response, China warned that the industrial policy bill to support the local producers of semiconductors would disrupt global supply chains and hamper international trade.
“The United States said that the Act aims to increase the competitiveness of US technologies and semiconductor production. However, this Act provides huge subsidies to US enterprises producing chips and introduces a differentiated policy of industry support, some provisions of which, among other things, restrict normal investment and trade and economic activities of relevant Chinese enterprises, as well as normal scientific and technical cooperation between China and the US,” Chinese Foreign Ministry spokesman Wang Wenbin had said.
Beijing reached checkmate by saying it needed to protect its own “national security and interests”, and first sanctioned US semiconductor giant Micron Technology in May, 2023. It then set in place export restrictions on rare earths – including gallium and germanium which are crucial for the world’s electronic chip-making industry. Since China produces upwards of 80 percent of the world’s gallium, and 60 percent of its germanium, experts were quick to predict that it could take “generations” for the US to replace lost Chinese capacity.
In early August, the White House announced that US President Joe Biden signed an executive order that authorized the Secretary of the Treasury to regulate certain US investments into Chinese entities engaged in activities involving national security-sensitive technologies in three sectors: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems.
The US has also urged its partners – South Korea, Japan, the Netherlands, and the government in Taiwan – to restrict or ban chip sales to China, and to relocate production facilities out of or away from China, such as to Europe or the United States.
China, the largest global semiconductors market, has repeatedly warned that by imposing restrictions on normal trade, the United States will end up harming itself as well as other market players.
“The US measures to restrict chip exports to China violate market rules and lead to fragmentation in the global semiconductors market, which not only harms lawful rights and interests of Chinese companies, but also significantly affects the interests of semiconductors manufacturers throughout the world, including in the US,” China’s Commerce Ministry spokesman He Yadong said in September.
To counter Washington’s restrictions, reports surfaced in September that Beijing was seeking to provide its own semiconductor chip-manufacturing industry with financial support. The People’s Republic of China was described as gearing up to launch a state-backed investment fund to bolster the country’s semiconductor industry.
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New Book
Breast Cancer: Before You Consent
A new Unbekoming paperback
Lies are Unbekoming | September 18, 2026
Peter Gøtzsche reviewed every randomised mammography screening trial ever conducted for the Cochrane Collaboration. Cochrane’s headline is that, assuming a 15% mortality reduction, one woman in 2000 avoids dying of breast cancer over ten years. Ten are overdiagnosed and treated. Two hundred experience false alarms.
But that headline assumes the reduction. When Gøtzsche looked only at the trials with adequate randomisation — the higher-quality ones — the reduction disappeared. No effect on breast cancer mortality. No effect on all-cause mortality.
This is the Cochrane finding, published in the establishment’s own database of systematic reviews.
No woman being asked to consent to a mammogram this week knows it.
That is why the new Unbekoming paperback exists. … continue
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