The Weekly Watch
The train wreck in Palestine Ohio seems emblematic of the state of the nation and collective west. We've come off the rails economically, politically, socially, militarily, ecologically... There was some good news this week in the Netherlands, as the farmer protest party (BBB) won the largest number of members of their upper senate. Xi heads to Moscow this week. He may have a concept for peace in Ukraine. If that's true, my bet is the US will oppose it. Much more below the fold...
Neil Oliver and I had the same notion of the symbolism of the the Palestine train wreck. (15 min)
However, Neil adds to the hypothesis with an interesting notion that capitalism is dependent on war...requires war to exist. On many levels capitalism, as practiced in the west, is a rigged game.
Neil also had an interesting interview with George Galloway this week (1 hour).
The best explanation of the bank collapses this week that I heard came from Micheal Hudson.
Why 3 US banks collapsed in 1 week: Economist Michael Hudson explains (1 hour)
As I understand, it the bottom line is that raising rates at the fed impact the value of the bonds banks hold. Michael goes into much greater detail.
Here's another excellent discussion with both Micheal and Dennis Kucinich.
Dennis Kucinich and Michael Hudson on the Anatomy of Bank Failures (42 min)
This is a wide-ranging discussion about the anatomy of bank failures. Dave Kelley, the moderator, is a pension actuarial expert, headquartered in Ohio. Chairman of the Domestic Policy subcommittee of the Govt Oversight Committee, Kucinich, as a senior member of Congress, investigated the subprime meltdown, grilling Wall Street titans. Michael Hudson is one of eight economists in the world who predicted the collapse of the financial system 2007-2008. He is a noted author on the corruption of the economy. Kucinich’s most recent book, The Division of Light and Power, explored corruption in the banking and private utilities industries.
Banking Crime Scene - The market is telling us something very bad is coming (12 min)
We now have an international banking crisis.The potential next phase is a global credit crunch, which could lead to another worldwide financial crisis, but regulators and central banks are pulling out all stops to prevent that from happening.The ructions began on Friday last week when Silicon Valley Bank was unable to satisfy its customers' demands for deposits. An old-fashioned bank run leading to collapse. New York's Signature Bank then failed over the weekend. The US federal government, the Federal Reserve and regulators then scrambled to prevent widespread bank runs across the United States.
Chris goes into great detail in an hour long discussion...
Banking Meltdown was INEVITABLE
Jimmy interviews venture capitalist David Sacks, who makes some interesting points.
The collapse of Silicon Valley Bank and subsequent depositor rescue by the Biden administration through the FDIC has launched a firehose of finger-pointing, ass covering and general controversy. Tech industry investor David Sacks tells Jimmy that government incompetence led to the debacle, which is why government intervention was necessary to save depositors from sustaining heavy losses and possibly inspiring a run on other banks.
Basically he makes the argument that businesses, to make payrolls and so on, have to keep a balance of more than $250,000. He suggests another FDIC guarantee for businesses. Interesting to hear the oligarch side.
Here's the other side of the coin, so to speak...
No, Silicon Valley Bank Shouldn’t Get a Bailout (5 min)
In fact, the economy would be far better off if the government bailed out the people instead of venture capital. Kei Pritsker explains why finance capital contributes nothing but holds the rest of us hostage.
To my mind the oligarchs should have, at least, been given a haircut. Here's an example of someone who should pay a price.
Gavin Newsom Lobbied For Bailout Of Bank HE’S Profiting From! (6.5 min)
As the Silicon Valley Bank crisis was unfolding, California Governor Gavin Newsom aggressively pressed for the federal government to intervene and guarantee that depositors would be made whole. One small point Newsom didn’t mention: that he and his wife both were financially involved with SVB, whether through the three wineries Newsom owns or his wife Jennifer’s non-profit. Jimmy and Kurt Metzger review just some of Newsom’s holdings that might have given him extra incentive to push for swift government action on Silicon Valley Bank.
hat tip humphrey
So as the US economy is in freefall, what's the plan? Start a war with China. War always improves our economy, right?
New Atlas LIVE: Banking Crisis, Dedollarization, & US Wars (100 mins)
Featuring Brian, Angelo Giuliano, Alex of Reportify Media, and Gonzalo Lira
iEarlGrey is back after his suspension from YT. (20 min)
Putin To Meet Xi Jinping. Biden's INSANITY Has Caused Banking Crisis. Africa Welcomes Russia.
Xi and Putin are meeting for three days. Obviously they plan to hash over many things from war to a new currency. I hope peace plans will be on the table.
Already there's talk of Turkey and Syria coming to an agreement...
Next diplomatic victory on the horizon, Syria and Turkey (11 min)
Alex is my go to guy for geopolitics... (42 min)
Putin arrest warrant, ICC dooms Ukraine. Trump arrest? Macron Louis XVI. Diverse Bidenopoulos
Seymour Hersh & US History of Secret Operations | Prof. Kuznick (35 min)
Author, history professor, and director of the Nuclear Studies Institute at American University, Peter Kuznick, speaks about the developments surrounding Seymour Hersh's recent bombshell report, "How America Took Out The Nord Stream Pipeline." We also examine the history of U.S. covert operations and cover-ups. And finally, we examine China's peace proposal to end the war in Ukraine.
Nordstream cover story is pure comedy (21 min)
The Grayzone's Max Blumenthal and Aaron Mate discuss the absurd cover story deployed by the Biden administration to suppress Sy Hersh's bombshell report pinning blame on the US for bombing the Nordstream pipelines.
U.S. Is Lying About China Being A “Threat!” – Says Fmr Australian Prime Minister
Former Australian Prime Minister Paul Keating for some reason is being allowed to tell the truth about the alleged “threat” posed by China to the United States and other western nations. China represents no military challenge to the U.S., Keating says, but is a legitimate rising economic power, and that’s why the U.S. feels the need to assert greater military control over the entire Pacific Rim.
No wonder he's warning his fellow citizens...
Australia’s Aukus deal a promise to follow US into China war
The endeavour confirmed by the Prime Minister alongside UK Prime Minister Rishi Sunak and US President Joe Biden in San Diego on Tuesday will cost Australian taxpayers a mammoth $268bn to $368bn over the next 30 years.
“The US don’t really care about our submarine capability — they care deeply about tying Australia into their containment strategy against China.”
Honest Government Ad | Visit New South Wales! (4 min)
The NSW Government has made a tourism ad ahead of the coming election, and it’s surprisingly honest and informative.
As China works toward peace in the middle east what are we up to?
America strikes Somalia killing civilians, AGAIN (13 min)
Several media outlets are reporting that a U.S. airstrike in Somalia killed at least seven people in January. The U.S. has not admitted this even though Secretary of Defense Lloyd Austin said that the U.S. needs to be more transparent when reporting on civilian casualties and work harder to avoid them. The reported victims of this airstrike were between the ages of 8 and 20 and three of them were brothers, according to Caasimada Online News.
On the domestic front...
Why did Tucker stop playing footage from Jan. 6? This is an interesting discussion about it. (7 min)
Defense attorney Joseph McBride discusses why Tucker Carlson, after airing new January 6 footage on a single day, then stopped. What’s up at Fox?
Jimmy had several interesting discussions with RFK Jr this week.
RFK Jr. Says He Could Be The Donald Trump Of The Democratic Party (20 min)
Robert F. Kennedy jr. is mulling a run for the Presidency and challenging Joe Biden for the Democratic Party nomination. Kennedy admits that the United States no longer has a functioning democracy, and that the Democratic Party is already manipulating the 2024 primaries and refusing to hold debates — all in order to protect Biden. Jimmy talks to Kennedy about the 2024 race and why he believes he can break through despite the party’s rank corruption and win the nomination as an outsider like a 2024 Democratic version of 2016 Donald Trump.
Video Proves Joe Rogan WAS RIGHT About Bill Gates! (17 min)
Bill Gates is not a medical doctor, not a virologist, not a scientist and not even a college graduate, yet we as a society hang on his every word when it comes to proper response to a viral pandemic. Why? It probably has something to do with the millions of dollars he’s “donated” to the World Health Organization and otherwise spent to become a go-to mouthpiece for a range of financial interests, from food to vaccines. Jimmy and guest Robert F. Kennedy jr. discuss how Gates made $500 million off of the COVID vaccines he was wildly promoting, then cashed out and started acknowledging that the vaccines aren’t actually all that great.
RFK Jr. VINDICATED Over Exposing Fauci’s Lab Leak Lies (18 min)
Former CDC Director Robert Redfield recently testified before a Congressional committee that NIAID Director Anthony Fauci had funded gain-of-function research into coronaviruses at the Wuhan lab that is suspected of being the source of COVID. Fauci of course famously testified under oath that he had NOT funded gain-of-function research, so SOMEONE is lying. Jimmy and guest Robert F. Kennedy jr. discuss Fauci’s sordid record of corruption, skirting the law and getting in bed with the Defense Department to research bioweaponry.
How Warren Buffett & Bill Gates PROFIT Off Childhood Obesity! (9.5 min)
There’s little question the United States has an obesity problem, and in particular a childhood obesity problem. Many place the blame for this societal ill on the propagation of processed foods, and in particular the injection of high fructose corn syrup into practically every food product on the market. But did you know that billionaires Warren Buffett and Bill Gates have profited handsomely off of the increased use of high fructose corn syrup? Jimmy and guest Robert F. Kennedy jr. discuss how Gates has ALSO made lots of money by impoverishing Africans.
Biden Approves Huge Oil Drilling Contract In Pristine Alaskan Wilderness!
Joe Biden rode into the presidency in part on the strength of his commitment to dealing with climate change and reining in the fossil fuel industry. Fast forward two plus years and the Biden administration has just announced approval of a massive oil drilling project in the Alaskan wilderness for ConocoPhillips. Jimmy and Robert F. Kennedy Jr. discuss whether anyone should be surprised that Joe Biden has gone back on his campaign pledge not to approve any additional drilling.
I want to conclude with another clip from Neil Oliver... (11 min)
Remember when we maintained a simple trust in our High Street banks? How young we were, how naïve... Many are speculating that a final and catastrophic crash is coming for the banks, and maybe it is...
Tomorrow is spring. Today is the last day of winter. The plants and flowers cycle in their natural way even as banks collapse and we wage war. The birds migrate in their usual patterns, and nature provides reassurance in a volatile world. The Cherry trees are past peak and are snowing down their pink petals leaving a carpet of color below them. I think we are in our last cold spell of winter here in this corner of Alabama. It is below freezing this morning, but just barely. The garden calls and we'll be busy the next few weeks answering. To me the garden is real wealth. We had collard greens this week that made it through the winter. The cold weather makes them sweet. That's an investment I can believe...from tiny seed to a large potful of greens. Dollar bills are just paper. Nature, friends, and family are where true value resides. Treasure the important things and manage your finances the best you can in these interesting times.
As always, I look forward to your thoughts, ideas, interesting links and so on in the comments below.