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Escobar: The Abuse Of Europe Is Never-Ending While Hegemon Is Making A ‘Killing’

Escobar: The Abuse Of Europe Is Never-Ending While Hegemon Is Making A ‘Killing’

Authored by Pepe Escobar,

In the Kremlin’s strategy the…

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Escobar: The Abuse Of Europe Is Never-Ending While Hegemon Is Making A 'Killing'

Authored by Pepe Escobar,

In the Kremlin’s strategy the ultimate aim is to demilitarize and smash NATO. We’re getting there, slowly but surely...

We may always dream that following an Ariadne’s thread we might, just might, extricate ourselves from the current, incandescent geopolitical labyrinth by applying an exceedingly overhyped commodity: logic.

Yet the post-everything, cancel culture West has also cancelled logic.

When in doubt, at least we can go back to foundation myths.

So let’s go back to the birth of the West, as in Europe.

Legend tells us that one fine day Zeus happened to set his roving eye on a beautiful girl with big, bright eyes, a daughter from a thalassocratic civilization in the Levant: Europa.

A while later, on a pristine beach in the Phoenician coast, an extraordinary white bull showed up. Europa, intrigued, got closer and started to caress the bull; of course, that was Zeus in disguise. The bull duly annexed Europa and darted towards the sea.

Zeus had three sons with Europa — and left her a spear that never missed its target. One of these sons,
as we all know, was Minos, who built a labyrinth.

But most of all what legend taught us was that the West was born out of a girl – Europa – who came from the East.

Enter the toxic Medusa

Now cue to a trashy Medusa maneuvering her toxic tentacles in Brussels, using a self-congratulatory Atlanticist fest to praise the head of the Japanese government for supporting the neo-nazi gang in Kiev and fighting Russia.

That was the preamble for a linguistic twist from hell: “Russia threatens to use nuclear weapons again," that blamed Russia, by implication, for the nuclear bombing of Hiroshima, when the whole planet knows who did it.

Astonishing lying is the Medusa’s standard modus operandi: yet what’s even more startling is that this Eurotrash stock in trade is fully normalized. And of course merrily accepted by the Rising Sun neo-colony.

This is how History is now being taught in “elite” universities across the collective West. And this is also the reason why Russia has given up on finding even minimally qualified interlocutors across the collective West.

And it gets worse. Such emanations from a cultural swamp are supposed to represent “Europe”. We are light years away from the late, great Gianni Vatimo – one of the last towering European intellects, who proposed several nuances of compassionate nihilism and an understanding of politics as forms of consensus that communities deliver inside historical and cultural horizons.

The abuse of Europe is never-ending.

In geoeconomics, German industrial exports – which were a key factor in its positive balance of payments – are going down the drain. Germany and assorted EU nations are now dependent on ultra-costly American LNG.

An enslaved EU was forced by the American “ally” to simply give up on the Russian market for its own auto and other exports that paid for cheap energy imports. In a matter of months, balanced trade Looking East was turned into deficit trade with the Hegemon.

That is the key legacy of the tactical victory obtained by the Hegemon with the bombing of Nord Stream 1 and 2 – exactly a year ago.

Seymour Hersh’s sources inside the U.S. Deep State revealed who did it. The whole Global Majority with an IQ over room temperature knows who did it – and who ordered it. And still the current Straussian neo-con psychos controlling U.S. foreign policy are able to get away with it.

The bombing of the Nord Streams was the Rape of Europe Remixed – now performed by an American bull.

As the indispensable Michael Hudson has detailed, domestic budgets of Germany and other EU/NATO nations are already in deficit territory – with the added “incentive” of the non-stop militarization of the EU.

That will “force cutbacks in domestic government programs – just as Germany and its NATO neighbors are moving into a post-industrial depression in which families and businesses need subsidies to cover their rising heating and energy costs, and unemployment insurance.”

Moreover, the euro will continue to plunge against the U.S. dollar, and may soon fall to 90 cents, or lower.

Prof. Hudson’s conclusion is stark: “So what seemed to be a U.S./NATO war against Russia in Ukraine has been a stunning U.S. military victory to lock European NATO members into the U.S. orbit and block their plan to turn East for trade and investment with Russia and China.”

Enjoy the “laboratory for military innovation”

Meanwhile, the Hegemon is making a killing – literally – with its proxy war in Ukraine.

The basics: over half of agro-Ukraine is now owned by Monsanto, Cargill and Dupont, bought for a pittance and profiting from the most corrupt environment in any country in the world.

Ukraine seeds were destroyed: Monsanto now runs the whole GMO racket. Ukraine cereals going to raped Europa equal full control of the EU’s agriculture and food market.

On the military front, the U.S. weapons matrix and its satellites continue to profit immensely from what is in effect money laundering of public funds.

Ukraine simultaneously became:

1. The graveyard for outdated weapons in need of recycling.

2. A privileged “laboratory for military innovation” (like Afghanistan and Iraq, previously) – as admitted by the Pentagon’s number two, Mara Carlin, at the Ronald Reagan University.

3. A show room for global exports (well, Abrams tanks about to be incinerated by the Russians don’t exactly qualify as a strong selling point).

On the energy front, it’s all about the Nord Streams, all over again.

The remixed Rape of Europa comes complete with ancillary financial bulls BlackRock, Vanguard and State Street totally controlling the spot market for anything the EU wants to buy, with prices occasionally 20 times higher than before.

This is just the short version of what “helping Ukraine” is really about.

And still the wunderwaffen keep coming: F16s are next in line.

Andrei Martyanov summed it all up, concisely: “The combined West failed at war”. As in NATO’s utter humiliation will be cosmic. And that comes with a – possible – punchline – for which obviously one cannot have direct confirmation in the corridors of power in Moscow: “Russians did plan for that, they just couldn’t anticipate that the West would self-annihilate itself that fast”.

It’s firmly established that in the Kremlin’s strategy the ultimate aim is to demilitarize and smash NATO. We’re getting there, slowly but surely. What is already established is that the Serial Rape of Europa by the American bull has totally broken it – physically, economically, culturally and psychologically.

Tyler Durden Sat, 09/30/2023 - 08:10

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Fighting the Surveillance State Begins with the Individual

It’s a well-known fact at this point that in the United States and most of the so-called free countries that there is a robust surveillance state in…

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It’s a well-known fact at this point that in the United States and most of the so-called free countries that there is a robust surveillance state in place, collecting data on the entire populace. This has been proven beyond a shadow of a doubt by people like Edward Snowden, a National Security Agency (NSA) whistleblower who exposed that the NSA was conducting mass surveillance on US citizens and the world as a whole. The NSA used applications like those from Prism Systems to piggyback on corporations and the data collection their users had agreed to in the terms of service. Google would scan all emails sent to a Gmail address to use for personalized advertising. The government then went to these companies and demanded the data, and this is what makes the surveillance state so interesting. Neo-Marxists like Shoshana Zuboff have dubbed this “surveillance capitalism.” In China, the mass surveillance is conducted at a loss. Setting up closed-circuit television cameras and hiring government workers to be a mandatory editorial staff for blogs and social media can get quite expensive. But if you parasitically leech off a profitable business practice it means that the surveillance state will turn a profit, which is a great asset and an even greater weakness for the system. You see, when that is what your surveillance state is predicated on you’ve effectively given your subjects an opt-out button. They stop using services that spy on them. There is software and online services that are called “open source,” which refers to software whose code is publicly available and can be viewed by anyone so that you can see exactly what that software does. The opposite of this, and what you’re likely already familiar with, is proprietary software. Open-source software generally markets itself as privacy respecting and doesn’t participate in data collection. Services like that can really undo the tricky situation we’ve found ourselves in. It’s a simple fact of life that when the government is given a power—whether that be to regulate, surveil, tax, or plunder—it is nigh impossible to wrestle it away from the state outside somehow disposing of the state entirely. This is why the issue of undoing mass surveillance is of the utmost importance. If the government has the power to spy on its populace, it will. There are people, like the creators of The Social Dilemma, who think that the solution to these privacy invasions isn’t less government but more government, arguing that data collection should be taxed to dissuade the practice or that regulation needs to be put into place to actively prevent abuses. This is silly to anyone who understands the effect regulations have and how the internet really works. You see, data collection is necessary. You can’t have email without some elements of data collection because it’s simply how the protocol functions. The issue is how that data is stored and used. A tax on data collection itself will simply become another cost of doing business. A large company like Google can afford to pay a tax. But a company like Proton Mail, a smaller, more privacy-respecting business, likely couldn’t. Proton Mail’s business model is based on paid subscriptions. If there were additional taxes imposed on them, it’s possible that they would not be able to afford the cost and would be forced out of the market. To reiterate, if one really cares about the destruction of the surveillance state, the first step is to personally make changes to how you interact with online services and to whom you choose to give your data.

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Stock Market Today: Stocks turn higher as Treasury yields retreat; big tech earnings up next

A pullback in Treasury yields has stocks moving higher Monday heading into a busy earnings week and a key 2-year bond auction later on Tuesday.

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Updated at 11:52 am EDT U.S. stocks turned higher Monday, heading into the busiest earnings week of the year on Wall Street, amid a pullback in Treasury bond yields that followed the first breach of 5% for 10-year notes since 2007. Investors, however, continue to track developments in Israel's war with Hamas, which launched its deadly attack from Gaza three weeks ago, as leaders around the region, and the wider world, work to contain the fighting and broker at least a form of cease-fire. Humanitarian aid is also making its way into Gaza, through the territory's border with Egypt, as officials continue to work for the release of more than 200 Israelis taken hostage by Hamas during the October 7 attack. Those diplomatic efforts eased some of the market's concern in overnight trading, but the lingering risk that regional adversaries such as Iran, or even Saudi Arabia, could be drawn into the conflict continues to blunt risk appetite. Still, the U.S. dollar index, which tracks the greenback against a basket of six global currencies and acts as the safe-haven benchmark in times of market turmoil, fell 0.37% in early New York trading 105.773, suggesting some modest moves into riskier assets. The Japanese yen, however, eased past the 150 mark in overnight dealing, a level that has some traders awaiting intervention from the Bank of Japan and which may have triggered small amounts of dollar sales and yen purchases. In the bond market, benchmark 10-year note yields breached the 5% mark in overnight trading, after briefly surpassing that level late last week for the first time since 2007, but were last seen trading at 4.867% ahead of $141 billion in 2-year, 5-year and 7-year note auctions later this week. Global oil prices were also lower, following two consecutive weekly gains that has take Brent crude, the global pricing benchmark, firmly past $90 a barrel amid supply disruption concerns tied to the middle east conflict. Brent contracts for December delivery were last seen $1.06 lower on the session at $91.07 per barrel while WTI futures contract for the same month fell $1.36 to $86.72 per barrel. Market volatility gauges were also active, with the CBOE Group's VIX index hitting a fresh seven-month high of $23.08 before easing to $20.18 later in the session. That level suggests traders are expecting ranges on the S&P 500 of around 1.26%, or 53 points, over the next month. A busy earnings week also indicates the likelihood of elevated trading volatility, with 158 S&P 500 companies reporting third quarter earnings over the next five days, including mega cap tech names such as Google parent Alphabet  (GOOGL) - Get Free Report, Microsoft  (MSFT) - Get Free Report, retail and cloud computing giant Amazon  (AMZN) - Get Free Report and Facebook owner Meta Platforms  (META) - Get Free Report. "It’s shaping up to be a big week for the market and it comes as the S&P 500 is testing a key level—the four-month low it set earlier this month," said Chris Larkin, managing director for trading and investing at E*TRADE from Morgan Stanley. "How the market responds to that test may hinge on sentiment, which often plays a larger-than-average role around this time of year," he added. "And right now, concerns about rising interest rates and geopolitical turmoil have the potential to exacerbate the market’s swings." Heading into the middle of the trading day on Wall Street, the S&P 500, which is down 8% from its early July peak, the highest of the year, was up 10 points, or 0.25%. The Dow Jones Industrial Average, which slumped into negative territory for the year last week, was marked 10 points lower while the Nasdaq, which fell 4.31% last week, was up 66 points, or 0.51%. In overseas markets, Europe's Stoxx 600 was marked 0.11% lower by the close of Frankfurt trading, with markets largely tracking U.S. stocks as well as the broader conflict in Israel. In Asia, a  slump in China stocks took the benchmark CSI 300 to a fresh 2019 low and pulled the region-wide MSCI ex-Japan 0.72% lower into the close of trading.
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iPhone Maker Foxconn Investigated By Chinese Authorities

Foxconn, the Taiwanese company that manufactures iPhones on behalf of Apple (AAPL), is being investigated by Chinese authorities, according to multiple…

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Foxconn, the Taiwanese company that manufactures iPhones on behalf of Apple (AAPL), is being investigated by Chinese authorities, according to multiple media reports. Foxconn’s business has been searched by Chinese authorities and China’s main tax authority has conducted inspections of Foxconn’s manufacturing operations in the Chinese provinces of Guangdong and Jiangsu. At the same time, China’s natural-resources department has begun onsite investigations into Foxconn’s land use in Henan and Hubei provinces within China. Foxconn has manufacturing facilities focused on Apple products in three of the Chinese provinces where authorities are carrying out searches. While headquartered in Taiwan, Foxconn has a huge manufacturing presence in China and is a large employer in the nation of 1.4 billion people. The investigations suggest that China is ramping up pressure on the company as Foxconn considers major investments in India, and as presidential elections approach in Taiwan. Foxconn founder Terry Gou said in August of this year that he intends to run for the Taiwanese presidency. He has resigned from the company’s board of directors but continues to hold a 12.5% stake in the company. Gou is currently in fourth place in the polls ahead of the election that is scheduled to be held in January 2024. The potential impact on Apple and its iPhone manufacturing comes amid rising political tensions between politicians in Washington, D.C. and Beijing. Apple’s stock has risen 16% over the last 12 months and currently trades at $172.88 U.S. per share.  

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