The Weekly Watch

Paris Burns and the West Wanes

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Seems to me the western system is in absolute collapse. The corrupt deep state has failed to control and rule the world despite their best (and continuing) efforts. The Ukraine grift machine keeps on churning...money in and paybacks out...the big guy gets 10% after all. New evidence of China/ Biden crime family payouts are mounting. Meanwhile Europe is in chaos with protests in many countries besides France. My guess is we'll throw Europe under the bus as we often do our allies.

Macron was actually dancing at an Elton John concert
rather than fiddling while Paris is burning.

paris burns.jpg

Alstair Crooke suggests we are nearing the end of the EU in the first few minutes of the 25 min clip

Judge Napolitano and Former British Diplomat, Alastair Crooke have an in-depth discussion and analysis as tensions escalate regarding an alleged potential attack on the Zaporizhzhia nuclear plant intensify.
Thankfully the rumors have proven false...at least so far.

Meanwhile in the UK if you have wrong thought they close your bank account. Talk about 1984.
Nigel Farage, the former leader of the pro-Brexit UK Independence Party, said his bank accounts are being closed with “no explanation or recourse.” “This is serious political persecution at the very highest level of our system. If they can do it to me, they can do it to you too,” Farage said.

He isn't alone... (10 min)

Barrister Sarah Philimore tells Mike Graham that banks should not “push politics” by closing accounts.
“If we are being told that we many not have a bank account because our political views don’t accord with a banks political views that is insane on every level!”

Sanctioning not just countries, but individuals who express contrary views. How are the sanctions working out. Not too well. They boomerang right back at us.
BRICS upcoming summit: Don’t underestimate this threat to the U.S. dollar - Simon Hunt (25 min)
Simon Hunt, Founder of Simon Hunt Strategic Services, who says the BRICS countries are on a “deliberate” path to develop a new mechanism that will work against the U.S. dollar. Hunt warns not to underestimate the threat posed by the BRICS group and its expansion. Hunt discusses why he expects the new BRICS currency to be backed by gold and weighs in on other key geopolitical consequences.

The Duran also discusses the coming BRICS+ means of exchange.

Trade without USD. BRICS currency (backed by gold) coming soon (12 min)

How do we get in so many conflicts and wars? Thanks primarily to deep state engineering. I found this documentary fairly good. (57 min)

Today we dive deep into the world of American parapolitics, exploring blackmail, organized crime, the Red Scare and everything in between. Starting from the rise of Nixon to the Blue Suite.
CHAPTERS:
0:00 INTRO
5:10 Chapter One: Hidden In Plain Sight
22:32 Chapter Two: The King and the Jester
29:07 Chapter Three: Leatherface
36:18 Chapter Four: Blackmail Merchants
45:36 Chapter Five: Mr. Deep Politics
Previous 30 min episode: THE HISTORY OF THE CIA: Italy 1948 - How to Steal an Election

Ray McGovern describes his CIA experience as having a wall between the investigative and operational side of the organization. He suggests that doesn't exist today. The operational side tells the investigation folks what they want to find. RFK suggest doing away with the operational side all together.
Interview: Judge Napolitano's sit down with Presidential Candidate, Robert F. Kennedy Jr. (29 min)

He openly accuses the CIA of murdering his Uncle and Father.

Ray calls the deep state MICIMAC meaning military, industrial, congressional, intelligence, media, acedemic complex...with all the pieces mutually supporting the same narratives and actions.

Julian is suing the CIA.

Lawyers for WikiLeaks founder Julian Assange are suing the US Central Intelligence Agency and its former director Mike Pompeo for recording their conversations with Assange and copying data from their devices. Two journalists have also joined this case. Redacted correspondent Dan Cohen spoke with one of the lawyers, Richard Roth.

The FBI is just as bad as the CIA. They've been covering for Biden from the promotion of the false Russiagate narrative to the suppression of Hunter's laptop (prior to the election) to the arrests of witnesses of the corruption.

The “missing witness” from the Biden corruption investigation, Israeli professor Dr. Gal Luft, has laid out his bribery allegations against the president’s family in an extraordinary video filmed in an undisclosed location while he’s on the run.

In the 14-minute recording, obtained exclusively by The Post, the fugitive former Israeli army officer claims he was arrested in Cyprus to stop him from testifying to the House Oversight Committee that the Biden family received payments from individuals with alleged ties to Chinese military intelligence and that they had an FBI mole who shared classified information with their benefactors from the China-controlled energy company CEFC.

The self-proclaimed fall guy says he provided the incriminating evidence to six officials from the FBI and the Department of Justice in a secret meeting in Brussels in March 2019 — but alleges that it was covered up.

“I, who volunteered to inform the US government about a potential security breach and about compromising information about a man vying to be the next president, am now being hunted by the very same people who I informed — and may have to live on the run for the rest of my life on the run …”

“I’m not a Republican. I’m not a Democrat. I have no political motive or agenda … I did it out of deep concern that if the Bidens were to come to power, the country would be facing the same traumatic Russia collusion scandal — only this time with China. Sadly, because of the DOJ’s cover-up, this is exactly what happened …”
Read more here.

In the good news department, we had a positive free speech ruling this week.
Free Speech WINS! For now... (~15 min)

The federal government cannot reach out to social media and tell them what to censor, according to an injunction out of federal court on Tuesday. This is the case that came from the Attorneys General from Louisiana and Missouri in which they accuse the federal government of censoring important information about the Covid pandemic. The case has not been decided yet but the judge granted an injunction in a 155-page ruling that states that parts of the government cannot talk to social media companies for “the purpose of urging, encouraging, pressuring, or inducing in any manner the removal, deletion, suppression, or reduction of content containing protected free speech.”
I'm curious to see if the Twitter files will result similar outcomes and rulings.

The propaganda arm is quite powerful. Why the west HATES Russia! (19 min)

We speak to Gilbert Doctorow who has been warning about NATO and Russophobia for years about why NATO is the line in the sand, whether or not the West will ever stop escalating with Russia and why we've been lead here by the neocons.

The Duran discusses how we have thrown Ukraine under the bus. We are sacrificing an entire generation in our proxy war with Russia....designed to weaken Russia, but weakening us instead. Neocons warn Biden White House, Don’t Let Ukraine Join NATO (44 min)

Garland interviews a Ukrainian diplomat that was serving as Biden, Obummer, Clinton, and Nuland were conducting their coup to install puppets and crank up the grift machine.
THE REAL UKRAINE - WITH KIEV INSIDER ANDRII TELIZHENKO (1.1 hour)
Talk about corruption...

Garland goes on to suggest NATO IS IN IT'S DEATH THROES

Seems to me it is the entire EU plus the UK are in collapse, as well as NATO. Alex calls it the 'elensky curse, meaning those who traveled to Kiev to worship 'elensky get deposed....BoJo, Finland's dancing queen, and now the Netherlands Rutte'. Macron looks to be deposed soon as well.

Biden; US low on ammo, US clusters are safe. Elensky curse, Rutte fragile. Slovakia soviet cars (30 min)

Perhaps the biggest threat we face comes from the WEF via the UN's WHO.

Challenging the Pandemic Treaty: Andrew Bridgen Speech at EU Parliament 04.07.23

Paris is Burning...

230628083043-paris-demo-teen-shot-0628-1549680956.jpg

All things come and go...including (or especially) empires. The US time in the sun is fading. The new BRICS+ currency or means of exchange may do the most to end US dominance, but it will take some time to unwind the USD from global trade. Like most empires, we over extended our military and over used the power of the dollar to bully other nations to do as we say and give us their resources. That is rapidly fading as countries like Argentina made their payment to the IMF in yuan this month, and Saudi Arabia and Iran sell oil for yuan. The Biden crime family corruption is finally getting some coverage and is likely to do real damage before the 2024 election. I'm not sure old Joe has the stamina to make it to the campaign much less win the election. His baggage becomes heavier and heavier. As for the MICIMAC, they seem like most agencies of the failing empire to be more and more incompetent...however still dangerous. Well friends, hang on, the national roller coaster is about to head down hill.
As always, I look forward to your comments, thoughts, and stories below. The thread is open!

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Lookout's picture

Andrew Bridgen joins Neil Oliver to discuss the debanking of Nigel Farage (2.7 min)

First time this came to my attention was when Canada froze the COVID policy protesters bank accounts. We have become the enemy of our own countries. Just wait till CBDC.

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“Until justice rolls down like water and righteousness like a mighty stream.”

Cassiodorus's picture

The Duran discusses how we intend to thrown Ukraine under the bus.

You may wish to eliminate the "n" after "throw."

At any rate, Ukraine has already been "thrown under the bus," the bus being Russia. You have to suspect that, despite the fog of lies, the nice people at the Pentagon know full well that you can't wage "offensives" without effective air cover, though this is exactly what the Ukrainians are doing and it explains the 400,000+ casualties. "Oh, we'll send them some toys" is all part of the con job.

As for the BRICS currency, let's review. Why did it work -- for awhile in the era of the Great Acceleration (narrowly, after 1945) that the US Dollar was backed by gold, and how did it happen that the US dollar stopped being backed by gold? Michael Hudson's Super Imperialism discusses this. At any rate:

1) The US was initially able to keep the gold backing by confiscating a lot of Nazi gold and by being a global hegemon after World War II.

2) As US spending on Vietnam accelerated, the US declared in 1968 that it was unable to meet its gold-Dollar commitments and in 1971 that it was never going to meet them.

3) Part of the global settlement of 1973 (along with the founding of the Trilateral Commission) was the move to a global faith-based dollar.

Remember that the whole history of the rise and decline of the Dollar-gold standard played out amidst the Golden Age of Capitalism, the thirty years after World War II. Prediction: the BRICS countries are going to discover at some point soon that capitalism doesn't work, and it especially doesn't work in this era. The capitalist facade was kept up by the exploitation of technological and physical frontiers, and so the capitalist era was the era of Europe's conquest of the world. (The theory of this stuff was the initial claim to fame of Rosa Luxemburg.)

So what's left of the frontiers? Well, the physical ones are in the BRICS countries, to be sure -- but they're less prominent than they were: see Paul Prew's The 21st Century World Ecosystem. The technological ones, however, appear to be detaching from profit -- new technologies might still be profitable, but they have been increasingly less so, and the economic systems of the world assumed this self-consuming shape as a result.

Thus the decline of the West might be accompanied by a BRICS boom, but it won't be a big one, and eventually we'll all have to confront the problem of what happens after capitalism.

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“When there's no fight over programme, the election becomes a casting exercise. Trump's win is the unstoppable consequence of this situation.” - Jean-Luc Melanchon

Lookout's picture

@Cassiodorus

However, countries will have to have a means of trade. Cyrus makes some good points (which reinforce the theme today) before he starts an ad for mineral investment.
The French Riots Just Exposed a MASSIVE Problem for USA (~8 min) The French Riots have been a disaster for France but if we zoom out these protests represent a real problem for the US and many Western countries around the world.

And yes, the verb tense you suggest is correct for Ukraine, as it is for having thrown Europe under the bus as well...just by blowing up nord stream for example.

Thanks for the visit and thoughtful comment.

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“Until justice rolls down like water and righteousness like a mighty stream.”

@Lookout

Should be worried about having a means of trade - that is not mediated, surveilled, filed and subject to the control of whomever controls the network (not to mention whether the resilience network).

Even now - as the Nigel Farage experience (and that of many supporting the Canadian truckers) shows, de-banking is close to eliminating someone's ability to participate in society. Eliminating cash altogether - which governments are actively trying to implement - would amount to total loss of personal autonomy.

Save Cash Freedom.png

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Lookout's picture

@Blue Republic

...seems to be the plan.
Farage gives update on banking scandal. (5 min)

PEP status is a scandal and it needs to be dealt with.

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“Until justice rolls down like water and righteousness like a mighty stream.”

The Liberal Moonbat's picture

@Lookout @Blue Republic How does one avoid it?

Any chance BRICS will save us somehow?

If you told me 3 years ago that Russia, China, Brazil, India, and South Africa would be who we should look to as champions of a free world, then even knowing as I have for years that the 4th Reich is up and running and headquartered in Virginia, I'd have scoffed pretty damn hard.

I'm STILL on the fence about them (I'm not about to forget Hong Kong, "Polonium-Man", or Modi's volunteering India to become one of the first to fall on the cashless-economy sword, either), but this is where decades of devout LOTEism gets us.

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In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.

Yes Virginia, there is a Global Banking Conspiracy!

enhydra lutris's picture

@The Liberal Moonbat

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That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

The Liberal Moonbat's picture

@enhydra lutris No, I meant "Lesser Of Two Evils".

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In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.

Yes Virginia, there is a Global Banking Conspiracy!

enhydra lutris's picture

@The Liberal Moonbat

Far enough from any elections (and electoral politics) that I just didn't think of that other, utterly false, usage. Now that you bring it up, I almost can't wait for that to begin being used seriously again. To just which specific devils is Beezlebub, the father of lies, inferior and please document your answer.

be well and have a good one

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That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

QMS's picture

@enhydra lutris

for global inclusiveness. China could send a couple million language arts instructors
to educate the 'muricans on how to speak in a variety of tongues. A little Cantonese
never hurts. And the slav's could do likewise (maybe only a couple hundred thousand).

Our language gifts to other countries is gratis between Hollyweird and infiltrated
spooks. Remember when JFK SPOKE GERMAN TO A PACKED CITY?

OOPS, CAPS LOCK STUCK AGAIN.
NEVERMIND.

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usefewersyllables's picture

@QMS

the famous "I am a jellyroll!" speech...

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Twice bitten, permanently shy.

QMS's picture

@usefewersyllables @usefewersyllables

“Two thousand years ago, the proudest boast was ‘Civis Romanus sum [I am a Roman citizen].’
Today, in the world of freedom, the proudest boast is ‘Ich bin ein Berliner.’”
That was 50 years ago against the backdrop of the Berlin Wall.

Only in the twisted minds of american journalists does this come about.
German donuts also go by Krapfen, Kreppel, or Pfannkuchen and
there are probably a few more variations, depending on location.

The point is - can you imagine a biden, trump or bush trying to speak in a foreign
language? They've barely got their mother language figured out. Wink

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usefewersyllables's picture

@QMS

He got really, really close. Definitely gets the E for effort. If he'd only just left the "ein" out... Without the "ein", he was declaring himself to be a member of the group Berliners; with the diminutive "ein", a single jelly donut. At least according to my German prof, who got a lot of fun out of telling us about it in the 70s, back when I was wasting my time at Gosh Whatta U...

But then, come to think of it, he *did* have a fairly vile Swish accent- so he might well have had that wrong. (;-)

Kennedy was the real deal, and no doubt about it. I agree with you- the chance of any of the current crop of politiwhores knowing anything in a foreign language (other than maybe "Gimme some money!") is just about nil.

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Twice bitten, permanently shy.

The Liberal Moonbat's picture

@enhydra lutris What do you think I was originally saying?

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In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.

Yes Virginia, there is a Global Banking Conspiracy!

enhydra lutris's picture

@The Liberal Moonbat

but this is where decades of devout LOTEism etwas gets us.

be well and have a good one

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That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

Cassiodorus's picture

I keep trying to reconcile it with Aurelien's statement (in his Substack) that Macron will be in office until 2027. Now, a lot can change without the official leadership changing. Perhaps France will develop what used to be called "dual power" -- with dual power one thinks of the Kerensky regime which took over in Russia after the Czar abdicated in March of 1917. Said regime had to compete with a second, competing government, as Lenin set up soviets across Russia. That was "dual power" in 1917. But my sources of information are poor, as what I'm seeing so far are merely cars on fire.

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“When there's no fight over programme, the election becomes a casting exercise. Trump's win is the unstoppable consequence of this situation.” - Jean-Luc Melanchon

Lookout's picture

@Cassiodorus
...to European diplomat Alstair in the first clip...5 min or so. He doubts Macron will make it to '27. We'll see.

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“Until justice rolls down like water and righteousness like a mighty stream.”

Cassiodorus's picture

@Lookout I guess anarchist mutual aid groups don't deserve a mention. I know they exist in France, though I don't recall what they're called. Here they're called Food Not Bombs and Revolutionary Blackout. As for the military, which he does mention, they will be the institution of dual power in France. Note that military dual pwoer has been proposed before, though only half-jokingly: see Fredric Jameson's An American Utopia.

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“When there's no fight over programme, the election becomes a casting exercise. Trump's win is the unstoppable consequence of this situation.” - Jean-Luc Melanchon

QMS's picture

just sh*t gold BRICS?
Perhaps their wizardry
is a ruse.

Thanks for the watch LO
and astute comments Cass.

I'm melting.

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Lookout's picture

@QMS

Could prove interesting. However, I've been hearing it will be based on a basket of commodities....gold, wheat, oil, and so on.

Amazingly we're in the 70's headed to the 80's. Next week is supposed be 90's. Stay cool!

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lotlizard's picture

@Lookout  
Have to wait until after sundown to go out for a walk and get some exercise.

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Lookout's picture

@lotlizard

that many continue to deny global heating, which I like to call climate chaos.

So glad to see you today, and hope you're doing well in the de-industrializing nation.

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“Until justice rolls down like water and righteousness like a mighty stream.”

QMS's picture

@lotlizard

good to hear you are still here
what's that song 91 (or 96) degrees in the shade?
we also have to hunker down during the
heat of the day

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lotlizard's picture

@QMS  
Visited a friend in the early stages of dementia who just turned 99. One of his daughters then treated a friend and me to a vegetarian picnic amid the beautiful natural surroundings of this place called Stoneleigh:

https://stoneleighgarden.org/garden/home/

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Lookout's picture

@lotlizard

Hope you enjoyed your entire stay!

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“Until justice rolls down like water and righteousness like a mighty stream.”

enhydra lutris's picture

@lotlizard

mid sixties and windy for the high, in fookin' July, mind you.

be well and have a good one

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That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

QMS's picture

tangible things, like industrial production
the US is categorically screwed

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Lookout's picture

@QMS

However, the US has natural resources... grains, trees (lumber), some mineral resources, and so on. Compared to say Japan who currently owns most of our debt, we have many commodities.

No matter, it is going to be an interesting conclusion to 2023, and 2024 is bound to bring even more insanity as an election (and leap) year.

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“Until justice rolls down like water and righteousness like a mighty stream.”

I am headed to the bayou for an afternoon of zydeco. Oh, and cold beer.
I will catch some of the videos and articles this evening.
I expect this country to start freezing our bank accounts for all kinds of reasons, including exercising the first Amendment.
Good times! /s

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"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

Lookout's picture

@on the cusp

Enjoy the music and dance. Hope y'all had a good beach visit too!

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“Until justice rolls down like water and righteousness like a mighty stream.”

@Lookout I have to go to work Tuesday, an early morning court docket. This is the little vacation swan song.
Thanks so much for the ot, LO. Always so informative.

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"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

Lookout's picture

@on the cusp

...at least you'll have Monday to recover!

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enhydra lutris's picture

A ton of information up there today.

I haven't checked out the Duran yet, but opinions and assertions are all over the place all over the internet and news about the BRICS "currency". I just thought I'd point out that pegging one's currency to anything other than a basket of commodities can be very dangerous - specifically tying it to gold and gold alone, for example. There really isn't that much gold in existence when you think of trying to capture something like 1/3 of the global economy with a gold based currency.

be well and have a good one

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That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

Lookout's picture

@enhydra lutris

The Duran Alexes suggest it isn't going to be a currency your hold, but simply a means of exchange. Say tuned we may know something at the end of AUG after the big meeting.

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@enhydra lutris

But it does make sense.

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Lookout's picture

@humphrey

Change is coming, but we don't know exactly what it will look like.

Thanks for the clip/tweet!

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QMS's picture

But back to the ‘offensive’. The last thing to say on it is, Ukraine is simply desperate to find any possible breakthrough to sell to their NATO masters at this point. But there are so many internal struggles, entire units from the 47th Brigade refusing to go on offensive, various memoranda for which Western equipment can and can’t be used, like the new rumor that British Challengers were pulled back and that Britain is threatening to take them out completely if Ukraine loses a single one in the same humiliating way they did the Leopards. Not to mention that according to some captured AFU, they’re afraid to even use the most prestigious of the Western gear because they know Russia is specifically targeting them, so to drive around in one of the Challengers or Leopards puts an extra large bullseye on your back.

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Lookout's picture

@QMS

...but they got a PR win today with the release of Azov officers by Turkey breaking an agreement.

According to Peskov, the release was the result of intense pressure from Ankara’s NATO allies ahead of next week’s summit, where Ukraine has been eager to receive positive signals about its membership.

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Cassiodorus's picture

@QMS https://simplicius76.substack.com/p/sitrep-7623-zelensky-builds-one-last

But yes, the idea is to frighten the Russians into immediate submission and then carve up Ukraine and Russia for rich people here. That having failed, print lots of money and hand it to weapons corporations.

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“When there's no fight over programme, the election becomes a casting exercise. Trump's win is the unstoppable consequence of this situation.” - Jean-Luc Melanchon

for WW3.

Click on the "show more" to get the complete picture.

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Lookout's picture

@humphrey

Hopefully clearer minds will prevail....if any can be found.

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snoopydawg's picture

We’re having a great time with great weather except that there are million mosquitoes. I didn’t have to put on bug spray last year. Sam is having fun and playing like she’s a bear in the woods. And having fun chasing butterflies.

File this under well duh!

Anyone who didn’t think that the capital riots was a false flag hasn’t been paying attention to how many times the government has waged war on its people.

Won’t be back online till tomorrow cuz I have to climb the hill to find service.

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Was Humpty Dumpty pushed?

Lookout's picture

@snoopydawg
...and good to hear y'all are having fun!

All the FBI whistleblowers revealed the same in their congressional testimony...and had plenty of blow back and damage for even saying so.

The clip ‘Missing’ Biden corruption case witness Dr. Gal Luft details allegations against president’s family... is worthwhile...at least new evidence to me.

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“Until justice rolls down like water and righteousness like a mighty stream.”

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Lookout's picture

@humphrey

...on alt media, but at least it is something. However, I will say again I don't think the DNC will allow him the nomination....even if he were to win.

Thanks for the tweet!

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“Until justice rolls down like water and righteousness like a mighty stream.”

QMS's picture

vus vill have no choice.
it is vus (dusty old mop) vor trump.

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Lookout's picture

@QMS

but at least he's antiwar...unless you're Palestinian. I knew him as a young man when he was writing his senior thesis of Alabama's Judge Frank Johnson. We are the same age, but from very different classes. At that time he had that blindness of privilege as do most of the upper class. Nice enough fellow, and I think with his heart in the right place. But I'm afraid very naive about the controlling nature of the DNC (or he would have run third party). He thinks he can pull a Trump, but is forgetting the rethugs have NO super delegates who rig the nomination process.

We'll see. Should be interesting!

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“Until justice rolls down like water and righteousness like a mighty stream.”

Hi, Lookout - outstanding WW, thank you.

As for Macron, of course he was celebrating. The riots provided the perfect opportunity to implement the no doubt well-laid plans to impose a sweeping surveillance system with minimal notice or opposition.

I've begun to think a few years back that billionaires backing 'social justice' groups and tacitly (or actively) promoting their outrageous actions (think BLM, Antifa, Extinction Event, Stop Oil, LGBQ whatever 'Pride'..)is designed to polarize and outrage the rest of the citizenry to the point where they will accept authoritarian 'solutions' that take what's left of their liberties.

Lax immigration policies, 'restorative justice' (aka no punishment for violent/anti-social serial offenders) also play into this. The useful idiots (not to include the professional provocateurs) may think they are some sort of revolutionary vanguard but when they have served their purpose to the elites orchestrating all this they will be discarded as quickly and definitively as their historical predecessors: Brown Shirts, Red Guards...

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Lookout's picture

@Blue Republic

designed to polarize and outrage the rest of the citizenry to the point where they will accept authoritarian 'solutions' that take what's left of their liberties.

That seems to be the plan. Morons are in charge!

Thanks for coming by today!

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enhydra lutris's picture

in 1933 and, arguably in 1834. In 1834 the US fixed the price of gold at $20.67 per ounce. Under the "Gold Standard" the currency is redeemable for a fixed quantity of gold, not a fixed value of gold. Fixing the value of an ounce to an arbitrary price level put us on something other, some semi gold standard.

Then in 1933, we outlawed the private holding of gold and confiscated all the privately held gold. This made a mockery of the idea that greenbacks would be redeemed for a fixed quantity and/or value of gold, because one could not own or hold any.

1946 brought in Bretton-Woods in which the US would allegedly redeem dollar holdings of other Central Banks for gold at a rate of 35 bux per ounce which we abrogated in 1971.

be well and have a gold one

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That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

Lookout's picture

@enhydra lutris

A basket of commodities seems the most stable unit of exchange to me. China is certainly thinking rare earth minerals as part of the mix...or seems to me.

China accounts for some 94 percent of the world’s gallium and 83 percent of germanium and currently provides around half of U.S. supplies.

Gallium and germanium are “chess pieces in a geopolitical game of enormous proportions,” said Christopher Ecclestone, a mining strategist at the financial advisory firm Hallgarten & Company. “They’re pretty key playing pieces.”

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8 users have voted.

“Until justice rolls down like water and righteousness like a mighty stream.”

usefewersyllables's picture

@enhydra lutris

when Nixon pounded that final stake through the heart of the gold standard. It caused great consternation among my hardcore-Objectivist parents, who were completely convinced that The End Was Nigh, and were just waiting for him to announce that 1970 was heretofore be known as the Yardstick Year (Directive 10-289, from the fertile mind of good old A. Rand). If anything would have made them become preppers, that was it... They wouldn't have minded too much if we all got vaporized by an errant Sunshine Bomb, but by Gawd make the price of cigarettes go up and there'd be hell to pay.

My dear departed mother thought that Nathaniel Branden was the greatest thing ever, right up until ol' Ayn shoved him out the airlock (my mom was still wearing her dollar-sign necklace when we buried her). I first read Atlas Shrugged when I was 10, and eventually read everything Rand ever wrote.

Looking back from that perspective over 50 years later, I think that the following John Rogers quote is absolutely dead-nuts accurate, as well as being utterly hilarious:

There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings, and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.

Having said all that: I doubt that either of my parents would ever have imagined, even in their most depressed and alcohol-fogged worst days, what things actually look like now.

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8 users have voted.

Twice bitten, permanently shy.

Lookout's picture

I might be. We do have the rain crow around

One woman bluegrass band - Toni Lindgren (Cuckoo's Nest) 2 min...

It’s been a while since our last Toni Takeover, so we figured we’d do a video of a bunch of Tonies playing a traditional bluegrass song: “Cuckoo’s Nest.” As many of you have seen over the years, Toni is a multi-instrumentalist who can play almost anything with strings, and this one-woman-bluegrass-band video is a nice showcase of that (and she would have added banjo too, but it’s currently in the shop!).

I've never done an overdub cut, but I bet it's fun.
Have a great night...all the best!

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7 users have voted.

“Until justice rolls down like water and righteousness like a mighty stream.”

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11 users have voted.
Lookout's picture

@humphrey

....for her future. Will she go back to politics or stick to media commentary? I wonder.

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6 users have voted.

“Until justice rolls down like water and righteousness like a mighty stream.”

mimi's picture

@Lookout

I am tired of all this shit.

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5 users have voted.
The Liberal Moonbat's picture

@mimi
1: You mean RFK, Jr.; there was a JFK, Jr., was. He died an untimely death in 1999.

2: You don't actually "run for" Supreme Court; the President (or a facsimile thereof) nominates you, and if Congress confirms you (at no point does the public get a direct vote), you get to stay on the Court for life. It's one of the most undemocratic institutions in our country (and like most such, the brainchild of Alexander Hamilton, the democracy-averse Judas Iscariot of the Founding Fathers who of course gets a hip image-rehab treatment while iconoclasty against the rest suddenly goes from a radical-fringe behavior to establishmentarian fashion).

Just the same, it is kind of interesting that you suggest they apply for both positions - in 250 years, this has only happened once: https://www.thoughtco.com/only-president-to-serve-supreme-court-104775

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4 users have voted.

In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.

Yes Virginia, there is a Global Banking Conspiracy!

mimi's picture

@The Liberal Moonbat
there is a red line for my own psychological and physical capabilities. I can't control them anymore and therefore should be silent.
I should take my own signature line seriously.
No more comments.

PS I am flooded with German TV media. That means I see more of different German and EU coverage.

One of their comments, are images of with the byline:"no comment"

Good Night from the Northern Germany woods.

Thank You Lookout for your work. I hope I can read most of it tomorrow.

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2 users have voted.
The Liberal Moonbat's picture

@mimi There's no reason you should be expected to know everything about some overhyped foreign government, and I for one am happy to help fill in holes. I think you spoke for the majority of the world with your final line.

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4 users have voted.

In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.

Yes Virginia, there is a Global Banking Conspiracy!

@mimi no apologies necessary.

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2 users have voted.

"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

The Liberal Moonbat's picture

@Lookout
Josef Pilsudski.

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1 user has voted.

In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.

Yes Virginia, there is a Global Banking Conspiracy!

There's no money in that. The money is in never ending wars.

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3 users have voted.
The Liberal Moonbat's picture

@Battle of Blair Mountain ...they need, de facto, to rule the world in order to render everyone else powerless to stop them (hence, e.g., the metastasis of cargo-cults).

“The people of the world genuinely want peace. Some day the leaders of the world are going to have to give in and give it to them.”

- Dwight D. Eisenhower

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3 users have voted.

In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.

Yes Virginia, there is a Global Banking Conspiracy!