Links 12/17/2024

Subscribe to Post Comments

72 comments

1. Antifa December 17, 2024 at 7:01 am

   When She Screams
   (melody borrowed from Free Fallin’  by Tom Petty & The Heartbreakers)

   It’s a warm world, it’s our Mama
   It’s breezy, and the sky is pure blue
   It’s a wild world, with so much to tell us
   Grand forces keep it spinning for you

   Nature, we say, is muy bonita
   Night and day She’s workin’ so hard
   While we pray for Her rain and Her rivers
   We build huge toys to tear Her apart

   When She screams—She’s callin’
   Our routine is stonewallin’

   Profits require we add to our tally
   Our mess leaves our planet all scarred
   Commerce destroys what our Mother hallows
   But we love our commodities charts

   When She screams—She’s callin’
   Our routine is stonewallin’

   (She’s callin’ Mother keeps callin’ it’s time)
   (She’s callin’ Mother keeps callin’ it’s time)

   It’s such a sad sound when we hit the wall and
   We feel ashamed but barely know why
   We hear Her call and we don’t do nothin’
   This is our way—to the very last mile

   When She screams—(She’s callin’ Mother keeps callin’ it’s time)
   She’s callin’—(She’s callin’ Mother keeps callin’ it’s time)

   When She screams—(She’s callin’ Mother keeps callin’ it’s time)
   She’s callin’—(She’s callin’ Mother keeps callin’ it’s time)

   (She’s callin’ Mother keeps callin’ it’s time)
   When She screams—She’s callin’

   Ohh!
   (She’s callin’ Mother keeps callin’ it’s time)
   She’s callin’—(She’s callin’ Mother keeps callin’ it’s time)
   When She screams—(She’s callin’ Mother keeps callin’)Ohhh!
   She’s callin’—(She’s callin’ Mother keeps callin’ it’s time)

   Reply ↓
   1. mrsyk December 17, 2024 at 8:11 am

      and the sky is pure blue, yup.
      Thanks again.

      Reply ↓
2. bwilli123 December 17, 2024 at 7:13 am

   In depth interview with Korean peace activist & journalist.
   Korea Crisis: Deep causes of the real crisis of Korea and US power | Interview with KJ Noh
   https://www.youtube.com/watch?v=-n15gwAB3ek

   From an automagically generated transcript (lightly edited for clarity)

   “the State Department spokesperson Vidant Patel he just could not bring himself to condemn it.
   Asked him, you know he was asked do you do you uh then approve of the recision of Martial law and he said, “Again we can’t get ahead of ourselves, you know I just essentially I can’t approve the recision.”
   So what they were doing is they were very quiet, uh they were not condemning as they
   should and would if it had been you know (an) adversarial Nation they were saying that, you know Yun despite having broken all the acceptable Notions of of what constitutes a political politically legitimate leadership is still somebody that we are supporting I think that message was clear and now you see the kind of offis and the distraction starting to happen and you see also the messaging being sent to Korea and to Korean politicians that you know Yun was our closest friend.
   We loved his agenda don’t get any other ideas.

   You know Yun was doing what we wanted him to do, which was essentially stage Korea as a war zone for battle against China and collaborate with Japan in building this Force projection platform against China.
   This is what we want. This is what he brought us. This is why we supported him.”

   Reply ↓
   1. The Rev Kev December 17, 2024 at 7:43 am

      Something tells me that the US Embassy in South Korea was watching the whole coup attempt with their hands over their faces – while peeking between their fingers what was going on and seeing if he could get away with it.

      Reply ↓
   2. Louis Fyne December 17, 2024 at 8:22 am

      IMO. The US really ought to just leave Korea. The S Koreans can defend themselves (against an adversary who’s been turned into a boogeyman a league above its actual class).

      S Koreans (reasonably) won’t fight China to defend Taiwan. And having 35,000+ American troops 300 miles from the Chinese mainland causes more headaches than its worth for the entire world.

      not holding my breath.

      that said, it’s funny how DC manages to choose the stupidest local politicians as their satraps. And that’s saying a lot for Korea as there are lots of dolts in their political class.

      Reply ↓
      1. ilsm December 17, 2024 at 8:55 am

         Move out of Japan* as well. Note the USMC is relocating from Okinawa to Guam.

         DPRK is more useful in hitting Japan and US targets!

         What strategy in fighting on the peninsula? Tripwire for MAD is not strategy!

         US does not have enough THAAD, Patriot, and Aegis ships to overcome Japan’s not building significant missile defense. Otherwise, it would be breeched anyway..

         Reply ↓
      2. JMH December 17, 2024 at 11:29 am

         I figure the smarter politicians know better than to fall for the transparent ploys of the US.

         Reply ↓
3. The Rev Kev December 17, 2024 at 7:20 am

   ‘Arnaud Bertrand
   @RnaudBertrand
   This 👇 potentially changes everything, it looks like Trump envisions a U.S.-China G2.
   He says that “China and the United States can together solve all the problems in the world”.’

   George Bush had the same idea. That you would have China and the US go into a partnership to run the world. Of course China would be the junior partner and would be expected to cough up both money and troops that could be deployed for occupation duties. Oddly enough the Chinese gave the whole idea a miss as they were too busy building up their industrial capacity and said that they had no interest into becoming world policemen.

   Reply ↓
   1. DJG, Reality Czar December 17, 2024 at 9:16 am

      Rev Kev: I think that without the mighty nation of Andorra, they may not be able to pull this off. So I’d advocate China, US of A, and Andorra. (It has about much likelihood as the G2 that Trump is trial-ballooning.)

      Bertrand goes on in his twiXt to lament where the Europeans are. Indeed, they should use China and the U.S.A. as counterweights, so as to avoid the economic power of each of them.

      Italy is a recent case of how stupidly this relationship with China has been handled. Giuseppe Conte and his government negotiated a treaty to participate in China’s Belt-and-Road Initiative. This seems awfully logical to me, given that Italy has been one terminus of the Silk Road for two thousand years.

      So who let the treaty lapse just recently? Giorgia Meloni and her government. The ostensible nationalists. Yet their slavish attitude toward the U S of A isn’t passing unnoticed — now that France and Germany are in highly serious crises, the Italians are starting to make some noises about doing things on their own.

      I’m sure Annalena Baerbock and Kaja Kallas will have something to say about Italian ideas of independence…

      Reply ↓
   2. Emma December 17, 2024 at 9:54 am

      The Chinese have spent over 2,000 years avoiding being the world’s policemen and everytime they got sucked into policing has been a disaster for them, including their involvement in Korea (without which they very likely would have taken Taiwan back quickly) and their little punitive expedition against the Vietnamese.

      And to be junior thug buddy for a Western elite that barely considers them to be human?

      Reply ↓
4. Mark Gisleson December 17, 2024 at 7:31 am

   Hate to call out a typo but you just accused Trump of endorsing suttee. The lead in to the Arnaud Bertrand tweet under China says “brides” where I’m pretty sure you meant to say “bridges.”

   Reply ↓
   1. Yves Smith Post authorDecember 17, 2024 at 7:59 am

      Oops, fixed!

      Reply ↓
   2. .Tom December 17, 2024 at 8:45 am

      Arnaud Bertrand’s comment that if Trump pivoted to good relations with China it would be bad for Europe. If the USA can pivot on China, why can’t Europe? European leaders seem usually are ready to do what Washington wants. Is it because most are card-carrying members of the Anti-Trump Resistance or is there another reason, e.g. they fear seeming to legitimize their domestic right-wing populist parties?

      Reply ↓
5. Ben Panga December 17, 2024 at 7:44 am

   Schumer seeks legislation giving local officials authority to ‘swiftly’ respond to drone sightings

   I repeat my assertion that this is (a main portion) of the point of the drone flap.

   There is a Patriot Act type process in motion that will drastically increase the militarization of the Homeland. It’s happening almost completely unnoticed.

   For the record: Schumer was also the Senate driver of the bipartisan UFO rubbish. He is part of the gang of 8.

   In other words, “the phonecall is coming from inside the house”

   Reply ↓
   1. Wukchumni December 17, 2024 at 10:22 am

      ..in related news

      A cameraman was seriously injured in a head-on collision when Chuck rushed the camera, as is his wont…

      Reply ↓
   2. amfortas the hippie December 17, 2024 at 10:42 am

      per mom, she was adamant to make sure she owned the mineral rights under this place..which she said was easy, because theres nothing but granite pluton(of course we didnt know granite sand was a thing back then)
      (and idk how much of that is mom’s delusional bs,lol)

      what i wonder…how does one declare the airspace above one’s farm…im not talking all th way to space…but at least 500 feet.?
      air force rules for the west texas training area are that they hafta be 400′,iirc…which, as far as i’m concerned, is way too low….and has not always been adhered to, anyways.
      now with the drone thing….well, i agree with you about the reason for this mass hysteria orson wells mess…making us demand what they want.
      last thing i need is a bunch of drones surveilling me.
      and i somehow dont think the ptb would allow me to install PDC’s….or even ordinary flak cannons.
      i have no idea about jammers…i suspise that there are plans for constructing such devices from old microwaves and washing machines and such…(but i’m terrible at motherboards and soldering, etc)
      (and this line of thought might sound extreme to urbanites or suburbanites…but i can almost guarantee that the local sheriff would be sympathetic, given where i live….people out here do not tolerate strangers wandering around on their spread…and neither do i)
      anyhoo…something ive been chewing on since the new jersey thing began.

      Reply ↓
      1. Wukchumni December 17, 2024 at 10:58 am

         I 3D printed a Paris Gun to ward off potential free boarders around the perimeter, and perhaps Pixley will be in peril, as soon as I can 3D print some 216mm shells.

         Reply ↓
         1. mrsyk December 17, 2024 at 11:20 am

            Forget that war stuff. Might you print a circa 2000 Paris Hilton? Asking for a friend…

            Reply ↓
            1. Wukchumni December 17, 2024 at 11:28 am

               I’ve been busy 3D printing Farrah from the 70’s and just can’t get the hair right, i’ll see if I can do a rush order for you.

               Reply ↓
      2. mrsyk December 17, 2024 at 11:17 am

         according to my ai The ownership of the airspace over property is vested in the several owners of the lands below. However, this ownership is subject to the statutory right of overflight[i]. The air is generally a public highway and the airspace overhead is part of the public domain[ii].
         In NYC, air rights are bought and sold, usually to facilitate development. Here’s one such story:
         JTS Made $100M Selling Its Air Rights. Will It Give Some Money To Its Neighbors?, Morningside Heights Community Coalition.

         Reply ↓
6. flora December 17, 2024 at 7:48 am

   re: Canada.

   Taibbi and Kirn’s Monday night America This Week episode spends a lot of time talking about Canada and Trudeau’s govt.

   ATW Live on Monday 12/16/24

   https://www.youtube.com/watch?v=VvYPaEO_4gQ

   Reply ↓
   1. flora December 17, 2024 at 7:54 am

      adding: Canada, France, Germany . . . which WEF “young global leader” govt is next to fall? / ;)

      Reply ↓
7. Stephen V December 17, 2024 at 7:57 am

   Have we moved from the Black Swan to the Black Duck?

   Reply ↓
8. The Rev Kev December 17, 2024 at 8:27 am

   ‘Peacemaker
   @peacemaket71
   🔥Documents show Biden’s State Department deliberately left Gonzalo Lira to die in a Ukrainian prison..‼️’

   One phone call. That is all it would have taken. Biden could have rang Zelensky, told him to put Lira on a train heading to Poland, and a deputation from the US Embassy along with a medical assessment team would have met him. But of course it never happened and you wonder about Nuland’s part in all this as she may have taken Lira’s criticisms of her personally. And the US Embassy knew what was going on but never got involved. This story is not over yet.

   ‘Know what’s going on.’

   Reply ↓
   1. mrsyk December 17, 2024 at 8:34 am

      “One call”, I agree. Negligent homicide at the very least.

      Reply ↓
9. mrsyk December 17, 2024 at 8:27 am

   Gonzalo Lira, rest in peace brother. We remember.
   Drivin N Cryin, Peacemaker

   Reply ↓
   1. Staghorn December 17, 2024 at 10:15 am

      Maryland~after seeing your comment, this DnC song flashed through my mind. Bit darker.

      The Innocent
      https://m.youtube.com/watch?v=QH-YWQkP6zE

      Always got the crowds broiling at the mid90s Roxy shows I went to in Atlanta.

      Reply ↓
      1. mrsyk December 17, 2024 at 10:26 am

         I hear you whisper from the bottom of the canyon….

         Reply ↓
10. Judith December 17, 2024 at 8:28 am

    Red-breasted goose. Status vulnerable.

    https://ebird.org/species/rebgoo1

    Reply ↓
11. NotThePilot December 17, 2024 at 8:29 am

    The U.S. Strategy of Controlled Anarchy: Syria, Ukraine, and Beyond Michael Hudson and Richard Wolff, Dialogue Works (Chuck L)

    I find myself agreeing much more with Richard Wolff in this discussion, and it ties into a more general thesis than Syria, though recent events finally solidified it in my mind. I know there’s a fondness in anti-imperial circles to see the US as the “empire of chaos”, and that definitely describes the results, but I’m starting to think that misunderstands the causes.

    To put it bluntly, if people are policy, where are all of these US organizations (CIA, State Dept., NED) supposedly recruiting from today? The same places as the media, the DNC and RNC, the think tanks, the corporate boards, correct? When viewed that way, do you really believe these people are capable of micro-managing any of these events?

    Does it really make sense that people, who are so mentally stuck in their bubble they can’t even win an election in their own country or understand why half the population is cheering an attentat, can micromanage factions in South Korea, Georgia, or Syria? Do we really believe the same mentally fragile people, who convinced themselves the Cubans were microwaving their brains with lasers, sat down and worked out a 5 year plan with a bunch of gnarly, al-Qaeda veterans? These people can’t even fix Boeing or Intel despite still having near monopolistic positions in their industries.

    In short, the US isn’t an empire of chaos, it’s an empire run by narcissistic and stupid people that just happen to have money. There is no plan and the chaos is actually a byproduct of the stupidity. More specific to the tactics, they can only A. bribe people or B. persuade their conspecifics in other countries.

    And the difference between A and B is what most people are missing, especially in Syria. Say I’m a Syrian rebel commander, and suddenly NATO shows up with stacks of cash and hundreds of suicidal Ukrainians to help, am I going to say no? Of course not, I’ll throw them at the machine gun nests instead of my own men. But that doesn’t mean for one second I’m “controlled”; in fact, it’s typically the opposite since I’m the one with a clue and options. And that’s a large part of why you see American proxy wars play out as they do, with the smart ones just switching sides and the gullible ones getting crushed in the endgame.

    P.S. more specific to the content of the discussion, mad respect for Hudson, but I think he’s discounting Iraq (even if the official state lays low at the current escalation level) and Yemen far too much in the military calculations. And that’s before you factor in Iran’s modern capabilities. Twenty years ago, the US had field armies stationed on both of Iran’s borders, fresh equipment, technological dominance, the full support of most Gulf states, a relatively unified population, and even then the neocons blinked. If the US & Israel try anything now, with even most of the non-Resistance Arabs quietly trying to get away from “America the Psycho Boyfriend”, it won’t be because it will work but because they’re delusional.

    Reply ↓
    1. Yves Smith Post authorDecember 17, 2024 at 10:09 am

       You have a bit of category error in your comment, if only on a secondary matter.

       The CIA recruits, generally at Ivy or equivalent schools. They may also allow for application but my impression is (definitely in my day, not sure as to now) that recruitment was very much the main mode of getting new agency members.

       You get into State by application, which includes a pretty tough exam. I personally know people who did well at Harvard, and later in grad school and real life, who were very interested in becoming diplomats but dropped the idea when they understood the State Dept. screening process.

       If anyone has more current knowledge, I would VERY much appreciate hearing it!

       Reply ↓
       1. NotThePilot December 17, 2024 at 10:45 am

          Ah, very fair point on that detail, and I definitely over-simplified there. And obviously, no institution rots through 100%. That said, I wouldn’t discount how much of a self-selection process has set in among the diplomatic corps.

          Funny enough, I actually started looking into the Foreign Service within the past decade during a directionless period, even filled out the application with personal essays, picked a track, and studied for the test you mentioned (it’s administered by Pearson now at relatively few centers and a real pain to sign up for).

          While I was going through the process though, I was also trying to get some more perspective from FSOs. The interactions were mainly over the internet (I don’t personally know any diplomats) so I don’t want to say it’s a rock-solid data-point, but the sense I came away with was that the vast majority are careerists that have swallowed the kool-aid. I also used the phrase “mentally fragile” above intentionally, more as a diagnosis than an insult, but I saw several examples of that.

          I was actually surprised how little people expressed a “Yes, I color within the lines… but as creatively as possible” attitude either (which is my impression of how the military officer corps manages to function). I saw barely any genuine hand-wringing over dissent cables or US policy either, mostly defensiveness. Almost all the critical complaints were about work-life balance or bad management, and for every critique, ten times as many pixels were spilled on how awesome US diplomacy is, how to get a cushy posting, or how to double-dip by renting out a house in NoVA while you’re overseas.

          Maybe the only problems people repeatedly acknowledged were being understaffed and that despite the open hiring process, the Foreign Service doesn’t reflect the US population, either in a DEI sense or in terms of skills / formal training. Overall, it left a really bad taste in my mouth and killed any expectations that I could influence anything positively from within. By the time Blinken had been Sec of State for a year and made it clear he was as bad as Pompeo, I finally decided to pull the plug.

          Reply ↓
       2. amfortas the hippie December 17, 2024 at 10:54 am

          yeah. Dad said it wasnt the process of recruitment, nor where they found new people, that had changed so much, but the quality of the output of those ivy league places, etc.
          late 60’s, he somehow got into DIA in image analysis(that’s a rice paddy/that’s a field of poppies) after a lacklustr college experience at Blinn and Stephen F Austin.
          he admitted he was a quota hire from non-ivey.
          the bubble dwelling, near as i can tell, starts at birth, these days.
          and i aint talking about DEI or woke or whatever…but basic assumptions about the state of the world, the state of USA within it….but also basic skillset.
          so while Not The Pilot is likely right that the current crop of Masters of the Universe are morons, blinded by their assumptions…that wasnt always the case…i mean, when Dad was at Nasa(apollo 12 til skylab), the engineers and physicists and orbital mechanics guys all still carried around slide-rules…and the computer at the JSC was a 5 story building(ive been inside, when i was little….still there, last time i drove by).
          from what i can tell, we couldnt do any of that, today.

          Reply ↓
    2. Louis Fyne December 17, 2024 at 10:54 am

       CIA has a booth at the job fair for my fancy pants alma mater—just like everyone else. (Undoubtedly a very, very small number are recruited John LeCarre-style in the dead of night.)

       Very good friend of mine worked for the CIA before starting a family—doing Middle East analysis.

       Did a tour at the US embassy in a large Mideast country right after college—even though she had no background in the Mideast. Nothing like a paycheck to spurn a new interest, lol.

       Reply ↓
12. Louis Fyne December 17, 2024 at 8:37 am

    >>>>Joe Biden’s pardons are a moral surrender Unherd

    (IMO) The Biden administration completely destroyed the idea of “good governance” for Normie-Americans, a concept at the heart of Progressivism since the LaFollette days 120 years ago.

    mRNA jab mandates, militarism, cronyism, corporate handouts, etc. Biden and his lackeys (with help from Nancy) took everything that as been wrong with US politics since 1993 and turned it up to 11.

    after-tax corporate profits went vertical in 2021 and is >50% (!!) higher than pre-Covid.

    https://fred.stlouisfed.org/series/CP

    Reply ↓
    1. Carolinian December 17, 2024 at 9:42 am

       Perhaps we should be complaining less about what Pat Lang called the “Biden crime family” and more about Biden’s enablers. In The Godfather the Don says “I never wanted this for you. I thought you might become senator, president.”

       Welcome to America 2024. Coppola’s tale of post WW2 America was ahead of its time or perhaps timeless.

       Maybe the only real difference is that our post truth era takes a more flexible view of right and wrong. The Syrian head choppers are now freedom fighters and Hunter is pardoned. All about the PR.

       Reply ↓
       1. mrsyk December 17, 2024 at 10:23 am

          Apocolypse Now and Again

          Reply ↓
    2. CA December 17, 2024 at 10:19 am

       https://fred.stlouisfed.org/graph/?g=PGTe

       January 30, 2020

       Labor Share of Nonfarm Business Income and Real After-Tax Corporate Profits, 2020-2024

       (Indexed to 2020)

       Decline in labor share of income:

       94.9 – 100 = – 5.1%

       Increase in real profits:

       129.8 – 100 = 29.8%

       Reply ↓
    3. CA December 17, 2024 at 10:21 am

       https://fred.stlouisfed.org/graph/?g=1jcxl

       January 30, 2018

       Labor Share of Nonfarm Business Income and Real After-Tax Corporate Profits, 2007-2024

       (Indexed to 2007)

       Decline in labor share of income:

       91.5 – 100 = – 8.5%

       Increase in real profits:

       174.8 – 100 = 74.8%

       Reply ↓
13. ilsm December 17, 2024 at 8:38 am

    I fully concur with Martyanov.

    You and the NC team are the best!

    Reply ↓
14. The Rev Kev December 17, 2024 at 8:47 am

    ‘Dimitri Lascaris
    @dimitrilascaris
    In the annals of Canadian political history, few politicians have exhibited as much hypocrisy as Chrystia Freeland.
    Freeland has showered love and affection on Israel’s genocidal regime while constantly berating Russia for its invasion of Ukraine.
    Moreover, Freeland’s signature ‘achievement’ was turning Canada into an even more abject vassal of Washington.
    Good riddance.’

    A coupla months ago Trudeau declared the list of some 900 Nazis who emigrated to Canada was classified. Apparently 80 years is not long enough to pass before this information sees the light of day. But what if Chrystia Freeland’s Nazi grandfather Michael Chomiak was on that list. So maybe she used her position to keep that list secret to protect her own family and her own political position. Saw a weird fact on Wikipedia. At home she talks Ukrainian with her own children. That doesn’t sound very Canadian to me, eh?

    Reply ↓
    1. danpaco December 17, 2024 at 10:09 am

       Keep in mind, now that Freeland has resigned as Finance Minister and Deputy Prime Minister she is now free to run for the leadership of the party. A fun quirk of the Liberal Party is the Deputy PM cannot challenge the PM’s leadership. The PM uses the Deputy PM position to neuter any challengers.
       God help us if she assumes the leadership.

       Reply ↓
15. mrsyk December 17, 2024 at 9:00 am

    “America’s allies are in trouble”, no kidding, not in the least because they’ve little left for sale.
    Western leader roulette, ironclad support for the “G” word thing, and the corporate self-looting, lol, not a good look.

    “Our time is almost up”, he said, “It’s all we’ve left lose.” K Kristofferson

    Reply ↓
16. Daniil Adamov December 17, 2024 at 9:05 am

    “Joe Biden’s pardons are a moral surrender”

    I was immediately reminded of this:

    In very truth, next evening Fouche, formerly president of the Jacobin Club, betakes himself to the radical club in the Rue du Bac. Here throughout the years of the reaction the heart of the revolution has continued beating. Here are to be found the very men to whom Robespierre, Danton, Marat, and Fouche himself used to make impassioned speeches. Since the fall of Robespierre and the defeat of Babeuf, the memory of the stormy days of the revolution has been kept alive only in the Club du Manege.

    But Fouche has no use for sentimentality, and can, whenever he likes, forget his past with formidable speed. The ex-professor of mathematics and physics among the Oratorians, when he measures the parallelogram of forces, takes only real forces into account and is not concerned with ideal ones. He knows that the day of effective republican ideas is over, and that the best republican leaders, the men of action, lie mouldering under the sod. The clubs have long since ceased to be anything more than talking-shops where people re-echo one another’s phrases. In this year 1799, quotations from Plutarch and patriotic tags are, like the assignats, a depreciated currency; too many slogans have been uttered, just as too many banknotes have been printed. Who knows better than the Minister of Police, the controller of public opinion, that France is weary of the lawyers and the orators and the innovators, weary of decrees and statutes? All that the country wants now is tranquility, order, peace, and stable finances. Invariably after a few years of revolution, as after a few years of war, after anything which has led to an ecstatic outburst of community feeling, the irresistible egoism of the individual and the family comes once more into its own.

    That very evening a republican, one of these “depreciated banknotes,” is making an inflammatory speech, when the door is thrust open, and Fouchd in his ministerial uniform enters, accompanied by gendarmes. As the members of the club spring to flieir feet, he sizes them up with his coldly observant gaze. What a poor lot they are in the way of adversaries! The real effectives of the revolution, its spiritual heroes, and its desperadoes, have long since been laid to rest. Only the chatterers remain, and one resolute gesture will suffice to scatter them to the winds. Without hesitation, he strides up to ffie platform, and mounts it. For the first time now after six years the Jacobins hear his chilly tones once more, but not as formerly voicing the praises of liberty and inciting to hatred against despots, for now this lean-visaged man declares in the fewest possible words that the club is closed. So great is their astonishment, that no one makes a word of protest, no one offers the slightest resistance. They have always sworn war to the knife against the enemies of liberty, but they do not make their words good tonight. They merely slink away in silence. Fouche has made no mistake. Men worthy of the name must be fought, but chatterers can be put to flight with the wave of the hand.

    When the hall is empty, he walks quietly out of it, and locks the door behind him.

    – Stefan Zweig, “Joseph Fouche”

    Not that the Democrats are Jacobins, or Trump Fouche (for better or worse, in both cases). Nevertheless, I think Zweig was writing about something similar with respect to those surviving Jacobins.

    Reply ↓
17. ChrisFromGA December 17, 2024 at 9:06 am

    As we close out the year the Dread Pirate Powell is about to make a gigantic policy error.

    The Fed has no business cutting rates with Nasdaq 20k and BTC 100k. This reminds me of Greenspan’s policy error in 1998 when, fearing the Y2K disaster that never came, he cut rates and kicked off the final innings of the dot com boom.

    Can we make this fool walk the plank?

    #PolicyError

    Reply ↓
    1. Wukchumni December 17, 2024 at 9:16 am

       Well, speakin’ on see farin’ journeys, perhaps the bloody fray in ‘oarse latitudes for garage mahals ‘as prompted said privateer to dive! in order to rekindle the ‘ousin’ bubble, arr, matety

       Reply ↓
    2. mrsyk December 17, 2024 at 9:20 am

       Make no bones, this series of interest rate cuts is an attempted rescue of PE and the over-leveraged crowd.

       Reply ↓
       1. ChrisFromGA December 17, 2024 at 9:35 am

          Bingo!

          We know that the Fed works for private banking interests.

          The funny thing is, though, it isn’t working out so well for the rest of the market. Edifice wrecks keep on piling up, with office CMBS delinquency now at the highest rate since the GFC:

          https://wolfstreet.com/2024/11/30/office-cmbs-delinquency-rate-spikes-to-10-4-just-below-worst-of-financial-crisis-cre-meltdown-fastest-2-year-spike-ever/

          And then the 10-year yield, which more or less sets long term mortgage rates, has stubbornly gone the wrong way. So the garage mahals, as our friend Wuk puts it, aren’t getting any cheaper as that monthly nut looks more like a monthly ten-ton battleship anchor around yer neck.

          Reply ↓
          1. mrsyk December 17, 2024 at 11:07 am

             It occurs to me that it should be no surprise that, if supply and demand are defined by investment opportunity and not the requirements a functioning society, inflation is decoupled from interest rate policy.
             Because markets

             Reply ↓
          2. Wukchumni December 17, 2024 at 11:10 am

             It’s all coming to a head, our pretty little necks.

             …a Blame Duck who could care less about his legacy and more about outdoing Cartman saying ‘I do what I want!’

             And then the Repermation cometh 33 days hence, with Benedict Donald backpedaling on his heels on promises more than Ginger Rogers ever did.

             And I’m always keen on that whole past is prologue gig, and if Grover was the template, he assumes the Presidency a 2nd time only to be there barely in office when the Panic of 1893 hits hard!

             American coins dated from 1893 to 1895 are one of the rarest dated coins from 1850 onward, in a country where most of the money was coins, they didn’t mint many-as demand died, in what we later called a Great Depression, in lieu of starting a panic.

             https://en.wikipedia.org/wiki/Panic_of_1893

             Reply ↓
18. The Rev Kev December 17, 2024 at 9:17 am

    “The assessment that Greece has been an ‘astonishing success’ beggars belief”

    It all depends of what the criteria are. If the population have been demoralized, the local government is totally subjugated to the wishes of the EU and the US, if the unions have been weakened, then you could consider that Greece is actually a success story. Every thing else is considered irrelevant. Probably find that the same people consider the UK, France and Germany to be success stories as well.

    Reply ↓
    1. CA December 17, 2024 at 9:39 am

       https://fred.stlouisfed.org/graph/?g=1CgRI

       August 4, 2014

       Real per capita Gross Domestic Product for Turkey, Greece and China, 1977-2023

       (Percent change)

       https://fred.stlouisfed.org/graph/?g=1CgRM

       August 4, 2014

       Real per capita Gross Domestic Product for Turkey, Greece and China, 1977-2023

       (Indexed to 1977)

       Reply ↓
    2. CA December 17, 2024 at 10:15 am

       Australia’s climate:

       China has been spending some $150 billion yearly on water conservancy, and Australia needs to pay attention and follow:

       https://news.cgtn.com/news/2024-12-17/Eastern-Australian-waterbird-numbers-fall-50-amid-dry-conditions-1zpfhlZdYiI/p.html

       December 17, 2024

       Eastern Australian waterbird numbers fall 50% amid dry conditions

       Waterbird numbers in eastern Australia have fallen by half in one year amid dry conditions.

       The latest annual survey of waterbirds in eastern Australia, led by the University of New South Wales (UNSW) Sydney, spotted 287,231 birds between August and October, down 50.4 percent from 579,641 birds in 2023.

       The survey, conducted every year by researchers and government collaborators since 1983, covers one-third of the Australian mainland and is one of the most important datasets on the health of biodiversity in river and wetland areas…

       Reply ↓
    3. Jeremy Grimm December 17, 2024 at 11:28 am

       Perhaps the authors of this assessment are hoping for positions in assessing the u.s. economy for u.s. government propaganda. I think they have tough competition though, after reading some of “Biden’s” speech posted in WaterCooler yesterday: “From the Middle Out and Bottom Up” https://prospect.org/economy/2024-12-16-biden-from-the-middle-out-and-bottom-up/ \sarc

       Reply ↓
19. flora December 17, 2024 at 9:17 am

    re: Drones.

    DHS Secretary Mayorkas has his hand out for more power. From twtr-X.

    🚨Mayorkas insists that the NJ drones are recreational or commercial, and people are seeing them more because they were recently allowed to fly at night.

    ‘ “Let me set the record straight here, George. There are thousands of drones flown every day in the United States. Recreational drones, commercial drones. That is the reality.”

    ‘ “And in September of 2023, the Federal Aviation Administration, the FAA, changed the rules so that drones could fly at night.”

    ‘”And that may be one of the reasons why now people are seeing more drones than they did before, especially from dawn to dusk.”

    https://x.com/WesternLensman/status/1868303280956113093

    So, why does DHS Sec. Mayorkas want more power? (rhetorical question)

    Reply ↓
    1. flora December 17, 2024 at 9:28 am

       Fear mongering for some purpose? Drones as the new, fake, Anthrax attack? Who wants more power? / ;)

       Reply ↓
       1. Wukchumni December 17, 2024 at 9:35 am

          been there-drone that

          Reply ↓
20. upstater December 17, 2024 at 9:19 am

    Re. Zitron: it is overall a good essay, but I take exception to this:

    Their incentive isn’t really to make you make any one choice, other than one that involves you staying on their platform or interacting with an advertisement for somebody else’s, and the heavy flow of political — and particularly conservative — content is a result of platforms knowing that’s what keeps people doing stuff on the platform.

    It does force a choice, TINA. It presents electoral feces as some sort of “choice” and waters a garden sown with acquiescence and despair. Big tech is the glove and the hand is the deep state management of puppet strings. Big tech is doing anything that is necessary to maintain current power structures and stifle dissent. This is the mission. It works like excessive alcohol and drugs.

    Reply ↓
21. DJG, Reality Czar December 17, 2024 at 9:26 am

    Holy shinola, Yankees, are you planning to destroy one of the great, defining characteristics of what it means to be an American? Yep, birthright citizenship.

    Trump girds article at The Hill.

    This idea that birthright citizenship is “abused” as at the level of the so-called partial birth abortions. Just make up a crime and then repress it. Repeat.

    There’s this: ‘The 14th Amendment, which states adopted in 1868 in the aftermath of the Civil War, states that “all persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”’

    Seems pretty darn clear to me. And what was the fourteenth amendment addressing? That black people born in the United States were not recognized by the law as U.S. citizens. You know, Dred Scott decision.

    One notices that the amendment doesn’t have ifs, ands, and buts. Senza se e senza ma.

    Fancy that. I guess that the Civil War was indeed about more than tariffs and differences in cornbread recipes.

    Yet, as ever, Americans just can’t get over their racism: “Those seeking a new and more restrictive interpretation of the language argue Native Americans who were born on reservations during the time when the amendment was ratified were not subject to the jurisdiction of the United States and therefore not due the full rights of citizenship even though they were born within the country’s boundaries.”

    Ahhhh, yes, for similar reasons, Native Americans were not citizens, largely because of virulent racism and because a genocide was going on. (But let’s not talk about genocide. Let’s look forward, not backward.)

    Reply ↓
22. Wukchumni December 17, 2024 at 9:32 am

    The dogma chip inside her head
    Gets switched to overload
    And a teenage murderess is gonna go to school today
    She’s gonna make them wish they’d stayed at home

    And daddy doesn’t understand it
    He always said she was good as gold
    And he can see no reasons
    ‘Cause there are no reasons
    What reason do you need to be shown?

    I don’t like Mondays
    (Tell me why)
    I don’t like Mondays
    (Tell me why)
    I don’t like Mondays
    I wanna shoot, ooh, the whole day down

    The Wi-Fi machine is oh so keen
    And it transmits to a waiting world
    Her mother feels so shocked, father’s world is rocked
    And their thoughts turn to their own little girl
    On the verge of sweet sixteen, ain’t that peachy keen
    Now it ain’t so neat to admit defeat
    They can see no reasons
    ‘Cause there are no reasons
    What reasons do you need, oh oh oh oh?

    I don’t like Mondays
    (Tell me why)
    I don’t like Mondays
    (Tell me why)
    I don’t like Mondays
    I wanna shoot, ooh, the whole day down
    Down, down, shoot it all down

    And all the shooting’s stopped in the Abundant Life school now
    She saved the last bullets for herself
    And school’s out early and soon we be learning
    And the lesson today is how to die

    And then the P/A crackles the all-clear and society tackles
    With the problems and the hows and whys
    And we can see no reasons
    ‘Cause there are no reasons
    What reason do you need to die, die, oh oh oh?

    And the dogma chip inside her head get switched to overload
    And a teenage murderess is gonna go to school today
    She is going to make them wish they had stayed at home
    And daddy doesn’t understand it
    He always said she was good as gold
    And he can see no reasons
    Cause there are no reasons
    What reason do you need to be shown

    I don’t like Mondays
    (Tell me why)
    I don’t like Mondays
    (Tell me why)
    I don’t like
    I don’t like
    (Tell me why)
    I don’t like Mondays
    (Tell me why)
    I don’t like
    I dont’t like
    (Tell me why)
    I don’t like Mondays
    (Tell me why)
    I don’t like Mondays
    I wanna shoot, oooh, the whole day down
    Oooh oooh oooh

    I Don’t Like Mondays, by the Boomtown Rats

    https://www.youtube.com/watch?v=VPtu5V3kHTM

    Reply ↓
23. Jeffrey Spaulding December 17, 2024 at 9:39 am

    The ABC defamation settlement was all about discovery. ABC settled before the discovery process because ABC did not want Trump’s legal team to drag that discovery out in public light.

    Reply ↓
    1. Yves Smith Post authorDecember 17, 2024 at 10:24 am

       I appreciate your comments, and don’t mean to sound obtuse, but I don’t understand how your comment relates to the link. The issue that despite all the whining, the legal standard for proving defamation in the US is very high. It is not just whether the statements are true or not (accurate statements are never defamatory in the US; that is not the case in plenty of places around the world) but also that the party making them exhibited actual malice (this per the precedent in the Palin defamation suit) or (I believe) reckless indifference to the truth. So Team Trump would be able to root around to see if the relevant TDS team exhibited a desire to get Trump, and you can be pretty sure they did.

       Perhaps you do not realize that normally, discovery is the big secret weapon of media defendants. The last thing that most people who have had the press say things about them that they think are unfair or untrue is to have a journalist rooting around in their files to prove that what they said was accurate. But Trump has been so heavily scrutinized and trash-talked for the last ten years that there’s no downside for him.

       All this pious handwringing about the intrepid press being now possibly fearful is offensive. Trump’s history is full of bad facts. But instead of sticking to those, too many in the media went full bore TDS and engaged in hysterical exaggerations.

       Reply ↓
       1. lyman alpha blob December 17, 2024 at 10:47 am

          Indeed. How hard would it have been for ABC to have just stuck with the facts here?!!?? Funny, the FT article doesn’t suggest that maybe the solution here would be for “journalists” to stop making sh*t up.

          The press and elected officials fearful of being dragged through the courts have no one to blame but themselves. And there is a complete lack of self awareness they all spent many years doing exactly this to Trump to defeat him politically – bringing novel court cases with the full throated backing of the majority of the press, in the tank for the Democrat party. Turns out elections have consequences – here’s hoping payback is a real [family blog].

          And to think, all they ever had to do to defeat Trump was provide some concrete material benefits to the American people. They’d rather lose to Trump than win with Bernie, so that’s what they get, good and hard.

          Reply ↓
24. JohnA December 17, 2024 at 9:50 am

    Re Ukraine assassinates Russian chemical weapons chief in Moscow bombing Politico

    Along with Politico, all the British mainstream media are unquestioningly regurgitating the Ukrainian claim that Russia has been using chemical weapons in Ukraine, without any proof being provided to support this claim. Stenographers, nothing more, nothing less. And literally nothing about the US bio and chemicals weapons laboratories in Ukraine discovered by Russia that even cookie monster Nuland admitted existed.

    Reply ↓
    1. Yves Smith Post authorDecember 17, 2024 at 10:37 am

       Dima at Military Summary pointed out that the fact that Ukraine took credit for this hit = Russia can designate Ukraine a terrorist state. That in turn = no negotiations.

       From Ukraine’s perspective, is this a bug or a feature?

       Reply ↓
       1. JohnA December 17, 2024 at 11:27 am

          A former Tory MP and soldier, Tobias Ellwood, who lost his seat in the last election, clownishly claims the deed ‘strengthens Ukraine’s negotiating position’. This strongly suggests British hands were heavily involved. Ellwood paints both sides as jockeying for position as they wait for Trump to take office and make them negotiate! Utterly deluded.

          https://x.com/DD_Geopolitics/status/1869003781901631570

          Reply ↓
25. joe murphy December 17, 2024 at 9:57 am

    As far as the Unheard article:
    “You think of Mandela and Navalny, men whose willingness to sacrifice their lives for truth and for their societies offers a light at the end of history’s dark tunnel.”
    I find it to be a stretch to compare Mandela and Navalny.
    It’s really just more of Russia/Putin bad.

    Reply ↓
26. Wukchumni December 17, 2024 at 10:00 am

    $4.01k update:

    You know how it feels to have an Olympic gold medal placed around your neck whilst on a pedestal?

    Those of us Bitcoin investors who got in on the ground floor @ Winco are exhibiting grins that would make a Cheshire Cat envious of make believe money-that grin reappears.

    It’s been quite the ride from $56k to near total despair @ $14k where frankly I was on the verge of slitting my risks and being done with it, to $108k, bay-bee!

    Reply ↓
27. ChrisFromGA December 17, 2024 at 10:14 am

    Free for all

    Sung to the tune of, “Free for all” by Ted Nugent

    Never before has such lebensraum
    Opened up for me
    My bombs from skies, they could cut Syria in two
    And I just can’t let it be
    Well, it’s a free for all, and I heard it said
    We will fuel more strife
    Mistakes are nigh, and Bibi’s high
    On his own supply tonight

    (uh)

    See the Sultan there with his Cheshire grin
    Bibi’s got his eyes on you
    Shake your headchoppers in his face and there’s no telling what he’ll do
    Well, looky here, you sweet young thug, the map is in his hands
    When in doubt, he’ll whip it out, and bust out the Ottomans!

    (It’s a free for all! Yeah it’s a free for all)

    Here we go! Look out below! They’re on the prowl tonight
    When it’s said and done, they’ll have their fun
    They can chew anything they bite
    Come one, come all, to a vampire’s ball
    The invitation’s there
    Joe’s asleep and the doo-doo’s deep
    There’s no rules anywhere
    It’s a free for all

    {Ted Nugent guitar solo}

    Never before has such lebensraum
    Opened up for me
    My bombs from skies, they could cut Syria in two
    And I just can’t let it be
    Well, it’s a free for all, and I heard it said
    You can bet your life
    Mistakes are nigh, and Bibi’s high
    It’s in the air tonight

    it’s a free for all!

    https://www.youtube.com/watch?v=cFOvY3tFWbU

    Reply ↓
28. Wukchumni December 17, 2024 at 10:36 am

    The worst cases of TDS i’m personally aware of, are all up over in the Gulag Hockeypelago, where Trudeau must go!

    Speaking for myself only, welcome to the Decembris Movement, Justin…

    Reply ↓
29. diptherio December 17, 2024 at 11:02 am

    Correct link for Planet Puppet:
    https://www.nplusonemag.com/issue-49/essays/planet-puppet/

    Reply ↓
30. lyman alpha blob December 17, 2024 at 11:15 am

    RE: Never Forgive Them

    Great article, and I will take this opportunity to thank NC for NOT changing the site format and NOT constantly exchanging newish bells with even newer whistles, whether they are needed or not. It’s one of the reasons I’m still here reading daily after many years.

    Reply ↓