Thursday, September 7, 2023

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https://caitlinjohnstone.com.au/2023/09/06/revisiting-john-pilgers-2016-warnings-about-us-warmongering-against-russia-and-china/

Revisiting John Pilger’s 2016 Warnings About US Warmongering Against Russia And China

In March of 2016 the renowned Australian journalist and filmmaker John Pilger published an article titled “A world war has begun. Break the silence.” which urgently warned of the US empire’s aggressive escalations against Russia and China. Re-reading parts of it in 2023 is like watching someone placing flags next to recently planted seeds that would eventually grow into the towering problems our world now faces. 

It’s like listening to a time traveler warning people from the past about a grave mistake they were about to make. Pilger points to US provocations in Ukraine, NATO militarism, and the encirclement of China and warns of the surging risk of nuclear war, noting that nuclear warhead spending “rose higher under Obama than under any American president.” 

“In the last eighteen months, the greatest build-up of military forces since World War Two — led by the United States — is taking place along Russia’s western frontier,” Pilger wrote. “Not since Hitler invaded the Soviet Union have foreign troops presented such a demonstrable threat to Russia.”

“Ukraine — once part of the Soviet Union — has become a CIA theme park,” wrote Pilger. “Having orchestrated a coup in Kiev, Washington effectively controls a regime that is next door and hostile to Russia: a regime rotten with Nazis, literally. Prominent parliamentary figures in Ukraine are the political descendants of the notorious OUN and UPA fascists. They openly praise Hitler and call for the persecution and expulsion of the Russian speaking minority.”

“In Latvia, Lithuania and Estonia — next door to Russia — the US military is deploying combat troops, tanks, heavy weapons,” Pilger said. “This extreme provocation of the world’s second nuclear power is met with silence in the West.”

“What makes the prospect of nuclear war even more dangerous is a parallel campaign against China,” Pilger continued. “The United States is encircling China with a network of bases, with ballistic missiles, battle groups, nuclear-armed bombers. This lethal arc extends from Australia to the islands of the Pacific, the Marianas and the Marshalls and Guam, to the Philippines, Thailand, Okinawa, Korea and across Eurasia to Afghanistan and India. America has hung a noose around the neck of China. This is not news. Silence by media; war by media.”

Pilger highlighted the way his home country Australia was being roped into Washington’s war preparations against China, a trend which has since grown much worse as the drums of war grow louder.

“In 2015, in high secrecy, the US and Australia staged the biggest single air-sea military exercise in recent history, known as Talisman Sabre,” he wrote. “Its aim was to rehearse an Air-Sea Battle Plan, blocking sea lanes, such as the Straits of Malacca and the Lombok Straits, that cut off China’s access to oil, gas and other vital raw materials from the Middle East and Africa.”

Pilger wrote all this while preparing to release his excellent film “The Coming War on China”, which would come out later that year. In it, he shows how the US has been surrounding China with war machinery in a way that would be considered an act of war if it was happening near American shorelines, and drives home the seriousness of the prospect of nuclear conflict.

Everything Pilger warned about turned out to be everything he said it was. A war in Ukraine has erupted from the spark of the US-backed coup in 2014 and Russia’s fear of an increasingly expansionist and militaristic NATO, while the US military encirclement of China has been rapidly increasing as hostilities between the two superpowers accelerate toward a breaking point, facilitated in no small part by the continent-sized military base known as Australia. What were only background stories in 2016 now dominate the headlines of today.

I bring this up because I think it’s useful to show that we’ve been on this track toward global conflict between major powers for years, and it’s been unfolding in ways that some saw coming from miles away. Much of Pilger’s work could be called prophetic, but Pilger is no prophet — he’s just a journalist with an ear to the ground who’s been critically scrutinizing the behavior of the empire for decades. He was able to accurately mark the trajectory our world has been on earlier than most, and it has continued along that same trajectory with frightening speed ever since.

If you can see the trajectory that an object is on, you can determine where you need to stand in order to obstruct its path. The fact that we’ve been on a linear trajectory toward global conflict between nuclear-armed states all these years shows that opposing that trajectory is of existential importance for every living organism on this planet. And yet the media still want us focused on celebrity gossip and party politics and Donald Trump.

World war is still closing in on us. We still need to break the silence and oppose it. Our rulers have been steering us in this direction for a long time now, and they’re not going to turn away until we make them.

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https://caitlinjohnstone.com.au/2023/09/07/if-everyone-understood-that-the-us-deliberately-provoked-this-war/

If Everyone Understood That The US Deliberately Provoked This War

War is the single worst thing humans do. The most insane. The most cruel. The most destructive. The most traumatic. The least sustainable. Those who knowingly choose to steer humanity into more war when it could be avoided are the worst people in the world, without exception.

And there are mountains of extensively documented evidence that that’s exactly what the drivers of the US-centralized empire did in Ukraine. That’s why so many western analysts and experts spent years warning that the actions of western powers were going to lead Ukraine into disaster, and it’s why US empire managers keep openly boasting about how much their proxy warfare in Ukraine advances US interests. They knowingly steered Ukraine into war to advance their own geostrategic interests while being fully aware that no powerful nation would ever permit the kinds of foreign threats the west was amassing on its borders, and then they intervened in the early days of the war to prevent the outbreak of peace.

If there was widespread awareness of these facts, the US war machine would lose support around the world — not just for its actions in this one war, but for all future wars as well. Which is why so much energy goes into making sure this does not become a widespread understanding.

The official mainstream narrative throughout the western world is that Putin invaded Ukraine solely because he is evil and hates freedom. That’s the actual, literal belief about this war that the western political/media class works to instill in the western public. Anyone who counters this self-evidently ridiculous assessment with facts and evidence gets branded a Russian agent and swarmed with pro-US trolls on social media, and loses all hope of securing a major platform in any mass media.

And it’s important to notice that shutting down all mature adult analysis of the events which led to the war in this way does not actually save a single Ukrainian life. It doesn’t make Russia any more likely to stop fighting and withdraw its troops. All it does is prevent people from seeing the US empire for what it really is. It isn’t being done to protect Ukrainians, it’s done to protect the empire.

The worst thing that could possibly happen to the information interests of the US empire would be for a critical mass of people to become aware that all this death and destruction in Ukraine could have been avoided by the US-centralized empire behaving less aggressively on Russia’s doorstep, and that those aggressions were instead increased with the goal of advancing US strategic interests on the world stage. If everyone really, deeply understood that all this suffering, all these mountains of human corpses could simply not have happened if the US hadn’t been feverishly focused on securing planetary domination at all cost, the US would no longer be able to manufacture consent for its agendas. It would no longer be able to whip up international support for its actions against its enemies. It would no longer be able to persuade the world to help prop up the hegemony of the dollar.

But because the US empire has the most advanced soft power apparatus that has ever existed, hardly anyone understands this. Not even the people who understand that the west provoked this war have deeply grappled with exactly what that means on a visceral emotional level, for the most part. It’s more of a superficial intellectual understanding for most, without really grokking into the horror of it all, really letting the enraging nature of what the US empire did wash over them.

The west was deceived into supporting yet another evil American war, this time with the added dimension of nuclear brinkmanship threatening the life of every terrestrial organism. All to suck Moscow into another draining military quagmire so war plans can be safely drawn up against China while advancing US energy interests in Europe and building support for US military alliances. It’s almost too evil to take in. There aren’t really words for it. 

And that’s one of the reasons it’s hard to get people to take in exactly what happened with Ukraine: people have a hard time wrapping their minds around the idea that anyone could be that evil, much less the government we’ve been trained by Hollywood to think of as sane and humanitarian. 

It’s about as monstrous a thing as you could possibly come up with. Yet here it is, still unfolding in all its blood-spattered glory.

Our task then is to help people see this and understand it, not just intellectually but emotionally. Help people really grasp deep down the horrors the US empire unleashed upon our world with the war in Ukraine; the suffering; the death; the existential danger. We can’t fight the empire on our own, but we can each do what we can to help weaken the consent manufacturing machine it uses to rule and terrorize the world.

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http://themostimportantnews.com/archives/welcome-to-the-real-estate-industry-apocalypse

Welcome To The Real Estate Industry Apocalypse

Higher interest rates are absolutely strangling the real estate industry, and there is no relief in sight.  The sudden shift from a very low interest rate environment to a much higher interest rate environment has paralyzed sales.  As I have discussed previously, very few homeowners that are currently locked into a mortgage at a low interest rate want to sell, because buying a home to replace the one that they are selling would mean taking on a mortgage at a much higher rate of interest.  And millions of potential home buyers have been chased out of the market because of the exceedingly high mortgage payments that they would be facing if they pulled the trigger on a purchase right now.  So sales of previously-owned homes have dropped by more than 32 percent over the past two years.  In other words, about a third of the entire previously-owned home market has already been wiped out.

When home sales crash, everybody that works in the real estate industry suffers.

And it turns out that home purchases by investors are falling at an even faster rate.  Wall Street Silver posted the following to Twitter earlier this week

I was stunned when I first saw that, but I also knew that I had to confirm if this was true or not.

And I discovered that it is true

45%

That’s how much investor purchases of homes have fallen since last year, as of the second quarter, according to data from Redfin, as homebuying looks less profitable than during the pandemic housing boom.

Investors, just like private buyers, think it’s a bad time to buy a home.

We have got a major crisis on our hands, and it is not going to go away any time soon.

Things are even worse on the commercial real estate side.

The Wall Street Journal just published an article entitled “Real-Estate Doom Loop Threatens America’s Banks”, and that headline does not exaggerate the current state of affairs at all.

Commercial real estate prices are plummeting all over the nation, and our banks have trillions of dollars of exposure

The WSJ analysis put total bank exposure to commercial real estate at $3.6 trillion, which it estimates is 20 percent of their deposits. Holdings of CMBS and loans to nonbank lenders accounted for $623 billion of that total at the end of last year.

In the past decade, regional banks went to town on commercial loans, never expecting how quickly the tide would turn against them. Today, losses on loans are leading banks to cut back on lending, furthering the drop in property prices and more lender losses — in other words, a doom loop.

So many of our financial institutions are going to be in very serious trouble because of this.

If the Federal Reserve were to push interest rates all the way to the floor immediately, that would help.

But instead, Fed officials continue to insist that rates are going to go even higher, and that is going to escalate this crisis into a full-blown real estate apocalypse.

And higher rates will also do an incredible amount of damage throughout the rest of the economy as well.  This is a point that the Shark Tank’s Kevin O’Leary made very well during a recent interview with Fox Business

In a recent interview on Fox Business, Kevin O’Leary, the “Shark Tank” investor slammed so-called “Bidenomics” for leaving small businesses behind. He warned that chaos is about to kick off for the “little guy”, which are the 33.2 million small businesses in America, due to the Federal Reserve’s aggressive rate hikes.

“They’re struggling because the Fed has raised rates up to 5.5% in a matter of months,” O’Leary said. “You’re going to hear a lot of people crying about this in the next few months because they can’t borrow anything anymore and they can’t run their businesses.”

He is right.

Small and mid-size businesses all over America are really struggling right now.

Economic activity is slowing down all around us, and they are starting to lay off workers.

In fact, in just the past two months the U.S. has lost a whopping 670,000 full-time jobs

Well, one look at this month’s adjustment and it’s literally a shocker: you will not hear anyone from the Biden admin or associated economist cheerleaders mention this, but the BLS reported that in August the number of full-time jobs dropped again, sliding by 85K to 134.2 million, and followed the whopping 585K plunge in July which brings the two-month total drop in full-time jobs to a whopping 670K, the biggest 2-month plunge since the covid lockdowns in early 2020 when 12.5 million full-time jobs were lost in one month!

When the official numbers that the government gives us start looking this bad, you know that the hour is late.

And the job cuts just keep on coming.  On Wednesday, we learned that Roku will be conducting a third round of layoffs

Video streaming company Roku shares spiked Wednesday after it announced plans to lay off more than 300 people, or about 10% of its workforce, and pull certain content from its streaming platform to ease operating expenses.

This is the third round of layoffs from Roku in recent months after the company let go of about 400 employees total between November and March. The company had roughly 3,600 full-time employees across 14 countries at the end of last year, according to its annual report.

I actually really like Roku, and so I hope they can turn things around.

But the reality of the matter is that everyone is going to have to deal with the very hard times that are now upon us.

Hordes of middle class Americans are being pushed into poverty, and hordes of impoverished Americans are being forced into the streets.

So far this year, we have actually seen “the biggest ever spike in homeless people living on the streets”

The United States has seen the biggest ever spike in homeless people living on the streets – as preliminary figures showed a record 11 percent increase in one year.

There are nearly 600,000 rough sleepers across cities and towns in America, and the jump from 2022 to 2023 so far is the highest since the government started tracking the data in 2007, according to the WSJ.

Places like Oakland and San Francisco in California have become hotbeds for homelessness, as people living on the streets are like ‘drug tourists’ who arrive to have easy access to narcotics.

But this isn’t supposed to be happening.

The Biden administration told us over and over again that “Bidenomics” was working.

Of course the truth is that we have now entered the very early chapters of a full-blown economic nightmare.

Things are going to get a whole lot worse for the real estate industry.

And things are going to get a whole lot worse for the economy as a whole.

So I hope that you have been getting prepared for what is ahead, because most Americans are going to get completely blind-sided by what is coming.

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