Thursday, November 17, 2022

"Flipping-The-House" >> DEMOCRACY PARODY: Using Real Estate Terms for Election Results

REPUBLICANS FLIP THE HOUSE  Transactional language that's for sure!

Is house flipping a good idea?

 
 

Potential Profit House flips typically net around about 41% return on investment (ROI), though that number has decreased in recent years. If done right, it's possible to create a very profitable home flipping business, and you'll only improve with more experience.

 

House flipping typically refers to buyers who purchase distressed properties, fix them up, and then resell them for a profit. They'll typically find these properties via foreclosures, bank short sales or property auctions.



 A sample of the partisan rhetoric:

www.politico.com

Republicans flip the House

4 - 5 minutes

Redistricting, open-seat victories and a surprisingly strong showing in New York State carried the GOP back to power. But President Joe Biden’s middling approval ratings and a lackluster economy largely failed to propel Republican candidates over battle-tested Democratic members and a wider majority. In the end, only six Democratic incumbents fell.

In a statement Wednesday night, Biden congratulated House Minority Leader Kevin McCarthy, who is in line to be the next speaker, on the GOP victory: “I congratulate Leader McCarthy on Republicans winning the House majority, and am ready to work with House Republicans to deliver results for working families.”

For his part, McCarthy talked about using the GOP’s new power to contain the Biden administration.


“Think for one moment. It is official,” he told Fox News’ Sean Hannity. “One party Democrat rule in Washington is finished. We have fired Nancy Pelosi.”

 

www.businessinsider.com

Results: Republicans win control of the US House of Representatives

Madison Hall, Brent D. Griffiths
4 - 5 minutes

  • Explore more race results below.
  • Republicans needed to flip just five seats to gain control of the House.
  • Results: Republicans win control of the US House of Representatives.

On election night, Republican House Minority Leader Kevin McCarthy told GOP supporters that when they woke up the next day, they would "be in the majority and Nancy Pelosi will be in the minority."

This result took longer than expected — the predicted GOP "red wave" failed to appear on Election Day — but after a week of waiting, the Republican Party won control of the House of Representatives on Tuesday, November 15, 2022.

Several races have yet to be called by Decision Desk HQ, however, it's predicted that Republicans will only hold a slim majority in the 118th Congress.

McCarthy, who faced a leadership challenge from Rep. Andy Biggs and the House Freedom Caucus, was elected by his peers on Tuesday to continue his role as leader of the GOP. He's poised to replace Rep. Nancy Pelosi as speaker of the House in January, although that's not guaranteed.

McCarthy has pointed to his party's "Commitment to America" as a blueprint for how the House GOP will operate. But the sparse document is silent or vague on some of the key issues that lawmakers will face in the coming months. 

At the top of the list will be raising the federal debt ceiling. Conservatives have vowed to use the vote as leverage to force the Biden administration to cut spending. A similar stand-off during the Obama administration led credit agencies to downgrade the federal government's credit, illustrating how even threatening debt default can have calamitous economic consequences.

Republicans have promised for months that they would champion probes into Hunter Biden, the Biden administration's chaotic withdrawal from Afghanistan, and the origin of the COVID-19 virus. It is unclear how confrontational they plan to be after emerging from the midterms with a much smaller majority than they anticipated. Before the majority was assured on Tuesday, a reporter observed top GOP lawmakers huddling over how to proceed with COVID-related probes. 

Rep. Marjorie Taylor Greene, a far-right member from Georgia, has also led calls to impeach Biden. McCarthy has thus far dismissed such a push, but a number of conservatives view impeachment as retaliation for Trump's two impeachments. 

McCarthy has also promised to restore committee assignments that were stripped from Greene and Rep. Paul Gosar of Arizona. In an act of reprisal, the top House Republican has also vowed to strip Democratic Reps. Eric Swalwell and Adam Schiff of California and Ilhan Omar of Minnesota off of top committee assignments.

The 2022 midterm elections were the first to be conducted following the redistricting and apportionment that occurred after the results of the 2020 Census. 

Apportionment led to six states — Oregon, Montana, Texas, Colorado, Florida, and North Carolina — gaining additional districts. Seven states — West Virginia, Pennsylvania, Ohio, Michigan, New York, California, and Illinois — lost congressional seats.

Top stories

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FREEDOM OF INFORMATION: The Kennedy Assassination...State Secrets Outweigh The Public Interest

". . .Almost exactly 59 years after those rifle shots rang out in Dealey Plaza, left a president mortally wounded and changed the course of history, there are still secrets that the government admits it is determined to keep about the November 1963 assassination of President John F. Kennedy. More than 14,000 classified documents somehow related to the president’s murder remain locked away, in part or in full, at the National Archives in clear violation of the spirit of a landmark 1992 transparency law that was supposed to force the release of virtually all of them years ago. . .Last year, President Joe Biden ordered another review of the documents to allow more to be made public this December. Officials involved in the declassification process say they are optimistic that a large batch of documents will be made public next month. . .

And no matter what Biden decides, about 500 documents and other items in the collection will remain secret, since the 1992 law exempts them from public release. Among them are documents produced by federal grand juries and by the Internal Revenue Service, including the tax and employment records of Oswald, Ruby and many of their associates.

PLEASE NOTE -- It also includes tape recordings of six interviews conducted in 1964 with Jacqueline Kennedy and former Attorney General Robert Kennedy by the journalist William Manchester, who was authorized by the Kennedy family to write a history of the assassination. Those tapes were turned over to the Archives by the Kennedy family in exchange for an agreement they would not be made public until 2067 — the 100th anniversary of the publication of Manchester’s bestselling book The Death of a President

www.politico.com

Why We Still Don’t Have the JFK Assassination Files

By Philip Shenon 11/15/2022 11:00 AM EST Link Copied
15 - 19 minutes

 


President John F. Kennedy, with his wife Jacqueline Kennedy seated beside him, waves from his motorcade minutes before he was shot in Dallas, Texas on Nov. 22, 1963. | Jim Altgens/AP Photo

Philip Shenon, a former Washington and foreign correspondent for the New York Times, is author of A Cruel and Shocking Act: The Secret History of the Kennedy Assassination.

 

The fact that anything about the assassination is still classified — and that the CIA, FBI and other agencies have refused to provide the public with a detailed explanation of why — has convinced an army of conspiracy theorists that their cynicism has always been justified.

Newly released internal correspondence from the National Archives and Records Administration reveals that, behind the scenes, there has been a fierce bureaucratic war over the documents in recent years, pitting the Archives against the CIA, FBI and other agencies that want to keep them secret.

The correspondence, obtained under the Freedom of Information Act, shows that the Archives has tried, and often failed, to insist that other agencies comply with the 1992 law by declassifying more documents. The struggle was especially fierce in 2017, when then-President Donald Trump sided with the CIA and FBI and agreed to waive a supposedly concrete legal deadline that year to release all classified documents related to the JFK assassination. . .

The internal correspondence from the Archives helps resolve one lingering mystery about the documents: In their negotiations with the White House and the Archives in recent years, how have the CIA, FBI, the Pentagon and other agencies justified keeping any secrets about a turning point in American history that occurred decades ago — an event that has always inspired corrosive conspiracy theories about government complicity?

In the past, those agencies have provided the public with only vague explanations about their reasoning, citing potential damage to national security and foreign policy.

✓ The Archives correspondence reveals, for the first time, their detailed justifications, providing a rare window into reasoning inside the CIA and FBI. In many cases, it shows, the CIA and FBI pressed to keep documents secret because they contained the names and personal details of still-living intelligence and law-enforcement informants from the 1960’s and 1970’s who could be at risk of intimidation or even violence if they were publicly identified.

Many of those sources — now elderly, if not close to death — are foreigners living outside the United States, which means it would be more difficult for the American government to protect them from threats. The CIA has also withheld information in the documents that identifies the location of CIA stations and safehouses abroad, including several that have been in use continuously since Kennedy’s death in 1963.

✓ The Archives correspondence shows that, while much of the still-classified information is only indirectly related to the assassination, some of it comes directly from the FBI’s “main investigative case files” about the president’s murder. That includes the all-important case files on Lee Harvey Oswald, Kennedy’s assassin, and Jack Ruby, the Dallas strip-club owner who murdered Oswald two days after Kennedy’s death.

The Archives paperwork shows that the FBI and Drug Enforcement Administration have fought particularly hard to protect the identity of informants in organized-crime investigations — an argument that will intrigue conspiracy theorists who believe the Mafia was behind Kennedy’s death. Many assassination researchers argue that the assassination was blowback for the so-called war on organized crime waged by the president’s brother, then-Attorney General Robert Kennedy.

In fact, the correspondence shows the overwhelming majority of the documents that the FBI has withheld from the public in recent years somehow involved organized-crime investigations. Of the nearly 7,500 documents that the FBI kept classified at the time of the 2017 deadline, 6,000 were from “various files of members of organized crime or La Cosa Nostra.”

✓ The DEA made a special plea to black out the names of six confidential informants identified in assassination-related files involving organized-crime investigations: “Given the well-documented propensity for violence by the Mafia, it is reasonable to expect the individuals, if alive, remain in significant danger of retaliation for their assistance,” the agency said in a 2018 letter to the Archives.

✓✓ The internal correspondence and emails from the Archives were provided to POLITICO Magazine by Larry Schnapf, a New York lawyer who filed a federal lawsuit last month against President Biden and the National Archives, demanding release of all the still-classified assassination documents. Schnapf, whose clients in the lawsuit include the Mary Ferrell Foundation, an assassination-research group, obtained the internal correspondence from the Archives under a Freedom of Information Act request.

Even though he is now suing the National Archives, he said in an interview he was impressed by the aggressiveness of Archives officials in trying to force the CIA, FBI and other agencies to abide by the 1992 law, which called for the declassification of all assassination-related documents within 25 years — a deadline reached in October 2017. The fact that so much information remains classified today “only feeds a lot of the more bizarre conspiracy theories” about Kennedy’s death, he said.

The 1992 law, the John F. Kennedy Assassination Records Collection Act, was adopted by Congress in hopes of controlling a firestorm of conspiracy theories whipped up the year before by the release of Oliver Stone’s popular, conspiracy-soaked film JFK, which suggested Kennedy was killed in a coup d’etat involving his successor, President Lyndon Johnson. 

Opinion polls have shown consistently since the late 1960’s that most Americans believe there was a conspiracy in Kennedy’s death — that Oswald, assuming he was the assassin in Dealey Plaza in Dallas, did not act alone.

As a result of the law, millions of pages of documents were made public in the 1990’s that rewrote elements of the history of the assassination. The declassified files did not offer conclusive proof of any sort of conspiracy in the president’s death. But they did reveal how much evidence — especially about Oswald — had been withheld by the CIA and FBI from the Warren Commission, . .The correspondence shows that the Archives, which has housed the assassination records for decades, has long warned the CIA, FBI and other agencies that they are failing to abide by requirements of the 1992 law, which allowed JFK-assassination information to remain classified only if there was “clear and convincing evidence” of a “substantial risk of harm” to national security or foreign policy.

. . . The National Archives said in a statement to POLITICO Magazine that it had recently completed its review of the still-classified material and provided its recommendations to President Biden about which documents should be released on Dec. 15.

Bosanko, the Archives official overseeing the project, said in an interview that the recent interagency review of the JFK documents had been the most intensive in decades, involving a page-to-page inspection, with the CIA, FBI and other agencies pressed to justify why any information — including individual names and addresses — should continue to be withheld from the public: “We looked at every single redaction in these documents.” He said his team is continuing to negotiate with the CIA and other agencies this month in hopes of convincing them — before the Dec. 15 deadline set by the White House — to lift their opposition to releasing some of the still-classified material.

A spokeswoman for the CIA said the agency was working closely with the Archives with the goal of “releasing as much information in the public interest as possible, consistent with the need to prevent harm to intelligence operations.”

. . .

Archives officials and others in the government have cautioned for years that the public should not expect to find bombshells in the still-secret documents – at least no bombshells that can be easily detected. Many of the previously declassified CIA and FBI files were full of bureaucratic jargon, codenames and obscure foreign names and addresses that made them incomprehensible at first, even for experienced researchers.

And no matter what Biden decides, about 500 documents and other items in the collection will remain secret, since the 1992 law exempts them from public release. Among them are documents produced by federal grand juries and by the Internal Revenue Service, including the tax and employment records of Oswald, Ruby and many of their associates.


 

It also includes tape recordings of six interviews conducted in 1964 with Jacqueline Kennedy and former Attorney General Robert Kennedy by the journalist William Manchester, who was authorized by the Kennedy family to write a history of the assassination. Those tapes were turned over to the Archives by the Kennedy family in exchange for an agreement they would not be made public until 2067 — the 100th anniversary of the publication of Manchester’s bestselling book The Death of a President. The law also exempted the public release of what the Archives index describes as five “very personal letters” that Mrs. Kennedy wrote to President Johnson, including at least three she sent to him in the week after the assassination.

What might be on Manchester’s tapes has long tantalized historians and assassination researchers. He later wrote in his memoirs that he recorded 10 hours of wrenching conversations with Mrs. Kennedy, in which she offered a detailed account of events in the days surrounding the assassination, including a description of the horrifying scene inside the president’s limousine as the shots rang out in Dealey Plaza. “She withheld nothing,” he wrote. The interviews in Mrs. Kennedy’s home in Georgetown were bearable only because of the cocktails they drank throughout, he suggested. “Future historians may be puzzled by the odd clunking noises on the tapes,” Manchester wrote. “They were ice cubes. The only way we could get through those long evenings was with the aid of great containers of daiquiris.”

Wednesday, November 16, 2022

OPPORTUNISTIC INVESTING >> Downtown Mesa's OZONE In The Old "Donut-Hole": Time is Right for Year 5 to REalize Tax-Deferred Capital Gains Tax

 Looks like all the leaky roofs have been fixed! (Carlyle Group image)

SO WHAT ABOUT HIGH-QUALITY JOBS???????????????????????????

 Above: Aerial view of Main Street in downtown Mesa, Arizona. Business News | 23 hours ago |
azbigmedia.com

3 new businesses coming to Downtown Mesa - AZ Big Media

AZ Business Magazine
5 - 6 minutes

Caliber, a fully integrated alternative asset manager and Opportunity Zone investor, has announced that it has leased three more of its properties in Downtown Mesa as part of the Company’s ongoing redevelopment efforts in the city.

ZenniHome will be installing 90 ZenniHome units at 29 West Main Street. This innovative company was founded in 2019 to bring viable solutions to the housing industry shortage. They do this by designing and factory-building their model homes to be easily transported and stack in multi-family configurations. These homes are constructed with a minimal environmental footprint and include leading-edge technologies that transform the customer experience of buying, investing, owning, and living.



“Caliber has been a first-class partner in downtown Mesa, and it has also been supportive of ZenniHome’s reshoring of manufacturing from China to an opportunity zone investment at the Navajo Generating Station in Page, Arizona.” said Bob Worsley, Co-founder of ZenniHome. “We’re now ready to build the steel volumetric modules at the Page factory and will deliver them in the coming months to the new Downtown Mesa site. Overall, we couldn’t ask for a better or smarter partner and financier than Caliber.”


 

Another new tenant, Southwest Institute of Montessori Studies Inc. (SIMS), closed on a 10-year lease at 305 E. Main Street. SIMS, established in 2011 as a nonprofit organization and affiliated with the Association Montessori Internationale (AMI), will reside on the entire second floor of the building, occupying 12,010 square feet. SIMS is poised to serve as the hub for Montessori education and community in the Southwest region. This space will include SIMS teacher training facilities, with an array of Montessori materials for adult students to utilize in their practices and studies.

Finally, Sonoran Rows, a Craft Malthouse, will be located at 18 W. Main. Targeting the second half of 2023 to open, Sonoran Rows will showcase a malthouse, restaurant and bar operating in more than 15,000 square feet along with 3,000 square feet of patio space in historic downtown Mesa. The malthouse expects to produce up to 25 tons of malt weekly and will be malting Arizona grown barley and other grains in the traditional style of floor malting. The malted grains will be used for local breweries, distilleries, bakeries and restaurants. The Sonoran Rows Bar & Restaurant menus will highlight locally made beers, spirits and foods crafted from these grains.

“We are excited to continue diversifying the businesses we help bring to Downtown Mesa,” said Chris Loeffler, Chief Executive Officer of Caliber. “Mesa is a vibrant, dynamic city and these businesses will be well supported by its population growth. We’re proud to be part the redevelopment efforts in Mesa, which are providing our investors with the opportunity to invest in meaningful, high impact projects with competitive returns.”

The new leases come after two other businesses announced plans to move to Mesa. 

Level 1 Arcade Bar, located at 48 W. Main Street, has brought a family friendly environment to Downtown Mesa. Patrons of all ages are able to enjoy a retro arcade experience with fully restored arcade and pinball machines along with a full menu and bar.

 Copper City Spirits occupies 155 W. Main Street. The restaurant’s owners operate another location in Tempe, Ariz., under the name AZ Distilling Co. It is known for its locally sourced products and award-winning spirits, including Copper City Bourbon, the first legally produced bourbon in Arizona.

Caliber began acquiring a series of buildings in and around downtown Mesa in 2017. Today, the Company is developing 10 buildings and approximately 160,000 sq. ft of mixed-use space. 

In February, Caliber also began construction on The Commons of Mesa, a 144-unit workforce apartment community, which it is co-developing with Cardinal Capital Management. These projects are all part of Caliber’s Opportunity Zone Fund and are central to the redevelopment of Downtown Mesa.

Opportunity Zone funds offer investors the ability to reduce and eliminate short and long-term capital gains tax liabilities by investing in a professionally managed real estate fund and completing new developments that are impactful to the designated communities within each zone. All of Downtown Mesa is located within an opportunity zone, making it an attractive location for additional investment.

As Arizona’s third-largest city, Mesa ranks as one of the best places to live, known for its charm, diversity and affordable high standard of living. Mesa is the 34th largest city in the U.S. and one of the fastest-growing cities. Downtown Mesa has experienced a renaissance in the past few years with the introduction of light rail service, redevelopment of its historic core, and the new Arizona State University Campus at Mesa City Center." 




City of Mesa's ENTERPRISE INVESTMENT FUND Wants $48,875,460.90 More From Taxpayers For ASU Money-Pit (GMP #3)

The Devil's always in the details in all these schemes by Hizzoner John Giles that tricked voters and taxpayers - first with this on-stage performance at Mesa ConCenter in 2014.
Little did we know what schemes Hizzoner John Giles had up-his-sleeves until February 2018 when it was revealed that then AZ State Senator Bob Worsley had scooped-up titles in holding companies buying-up a portfolio of eight (then 10) commercial properties on Main Street for his own private wealth-creation at the same time holding public office. All of it dependent on the ASU scheme ... 

"The project budget is $63.5 million and will be funded by City revenues.
ASU will contribute $10 million ??? towards the interior build-out and be responsible for all ongoing operations and maintenance costs, currently estimated at $1.3 million.
Along with the ASU building, the City is designing Mesa City Center as part of a burgeoning downtown innovation district.
 
The first phase is made up of a 2-3 acre gathering space called The Plaza @ Mesa City Center and an adaptive reuse of Mesa’s first library at the southwest corner of First Street and Centennial Way into The Studios @ Mesa City Center.
The Studios will allow the collision of ideas between industry leaders, entrepreneurs, students and the public.
The design phase for these projects will begin in early August.
ASU-graphic
ASU @ Mesa City Center by the Numbers:
WHAT ARE THESE NUMBERS LEAVING OUT???????????
  • 115, 000 sq ft new build
  • 1,500 sq ft commercial space
  • 5 stories
  • Technologies: Augmented Reality, Virtual Reality, Artificial Intelligence, 3D Design
  • 25 annual Mesa scholarships
  • Project budget $63.5m
  • ROI estimated at >$7m annually
  • Open Fall 2021
 
Presentation to Mesa City Council May 10 Study Session: ASU Impact Data

Presentation to Mesa City Council February 15: Intergovernmental Agreement with Arizona State University

Here was the sales-pitch bait for $100M+


Prime-Time Poland Yesterday: A BARRAGE OF OVER-HYPED UKRAINE NEWS STORIESThe Whole World Suffers from Western Propaganda -- Russia

 NOTE: The US does not possess any new information that would suggest a missile that killed two people in Poland on Tuesday could be anything other than a Ukrainian one, the National Security Council’s spokesperson, Adrienne Watson, said in a statement on Wednesday. Washington remains convinced that Russia is to blame, she added.




Russia's top diplomat spoke of the massive media pressure on his country, especially since the Ukraine conflict escalated in February.

Nebenzia noted that Western coverage of the situation is typified by “a huge number of ‘fakes’ about the activities of the [Russian] military, as well as about the goals, objectives and motives” of its campaign in Ukraine.

2 Nov, 2022 15:34

Whole world suffers from Western propaganda – Russia 


 

Moscow’s UN envoy compared the barrage of ‘fake news’ about the Ukraine conflict to shelling a city

"Speaking at a presentation at the UN of the RT documentary ‘Journalists Under Fire,’ the top diplomat spoke of the massive media pressure on his country, especially since the Ukraine conflict escalated in February.

Nebenzia noted that Western coverage of the situation is typified by “a huge number of ‘fakes’ about the activities of the [Russian] military, as well as about the goals, objectives and motives” of its campaign in Ukraine.

“It’s no secret that the West has launched a real information war against us, which affects not only the residents of Russia and Ukraine but also people around the world,” he reiterated.

He went on to compare Western media coverage with actual Ukrainian bombings of civilian infrastructure. “Just as Western weapons are now targeting cities in the Donbass and the liberated territories, Western propaganda is firing ‘information shells’ at its own citizens,” he claimed.

According to Nebenzia, the media onslaught is harmful to ordinary people, who “are losing touch with reality, become distressed and confused” when being overwhelmed with an endless barrage of falsehoods. They also lose the ability to think critically, he claimed.

After Russia launched its military operation against Ukraine, Western countries unleashed an unprecedented crackdown on Russian media abroad, with the European Union banning RT and Sputnik channels. Moscow has repeatedly criticized the move, with Foreign Ministry spokeswoman Maria Zakharova claiming that it has shown the world the true worth of so-called Western values."

16 Nov, 2022 19:58

US says Russia ‘ultimately responsible’ for Poland missile incident

Moscow is to blame for the projectile landing in Poland even though it was likely a Ukrainian one, the White House says
US says Russia ‘ultimately responsible’ for Poland missile incident

The US does not possess any new information that would suggest a missile that killed two people in Poland on Tuesday could be anything other than a Ukrainian one, the National Security Council’s spokesperson, Adrienne Watson, said in a statement on Wednesday. Washington remains convinced that Russia is to blame, she added.

"We have seen nothing that contradicts President [Andrzej] Duda’s preliminary assessment that this explosion was most likely the result of a Ukrainian air defense missile that unfortunately landed in Poland," Watson said, adding that the US would not carry out its own investigation of the incident and would rely on the results of the ongoing Polish probe.

Washington is "in close touch" with both Warsaw and Kiev and has "full confidence" in the Polish investigative efforts, the spokeswoman said, vowing to provide new information on the incident "as it becomes available."

Despite agreeing with Duda’s conclusion that the missile was most likely a Ukrainian one, the White House still believes it is Moscow and not Kiev that should bear the "ultimate" blame for the incident, regardless of the probe results.

 

"It is clear that the party ultimately responsible for this tragic incident is Russia, which launched a barrage of missiles on Ukraine specifically intended to target civilian infrastructure," the statement read, adding that Ukraine has "every right to defend itself."

On Tuesday, Russia launched a large-scale missile attack on Ukraine. At the time, Ukrainian President Vladimir Zelensky said that 85 missiles had struck Ukrainian territory, while Energy Minister German Galushchenko called it the "most massive shelling" of the nation’s energy system.

Late on Tuesday, Polish media reported on a blast that hit a grain dryer in Poland not far from the Ukrainian border, killing two people. The blast was then blamed on a "stray missile" strike. Kiev then immediately rushed to accuse Russia of being behind the incident and called on NATO to retaliate. The Russian Defense Ministry denied any responsibility. Poland and the US took a more reserved stance at that time, as they avoided pointing fingers at any side.

On Wednesday, Ukraine admitted firing an air defense missile near the Polish border in an attempt to intercept a Russian projectile, according to CNN.

 
 
RELATED CONTENT 
( Ukraine's President Volodymyr Zelenskyy speaks to the media as Russia's invasion of Ukraine continues, in Bucha, outside Kyiv, Ukraine, April 4, 2022 [Marko Djurica/Reuters]
www.aljazeera.com

Western media and the war on truth in Ukraine


 

Marwan Bishara
7 - 8 minutes

"Who is winning the war in Ukraine depends on who is doing the talking.

Predictably, Russia says that it is winning as planned, while the United States says Ukraine is pulling a surprise win, thanks to its steadfast resistance and Western support.

On the face of it, authoritarian Russia cannot be trusted with the facts, let alone the truth about the war, while the liberal West inspires greater credibility as it allows for a free and independent inquiry. But in reality, as Chinese military strategist Sun Tzu said, “all warfare is based on deception”. Neither side could or should be trusted to reduce the fog of war, because both are fully engaged in psychological warfare, which is key to winning the overall war in Ukraine.

In fact, both sides are propagating their own selective facts and myths, while censoring counterclaims, as each needs to maintain an appearance of progress in order to justify big sacrifices in blood or treasure. And both sides need to up the ante in order to harden public resolve behind their goals, which thus far have excluded any serious effort towards a diplomatic solution.

Russia hopes to degrade the morale of the Ukrainian resistance and deflate European support for a war that cannot be won, while the US wants to shore up Ukrainian and European enthusiasm for a winnable war, even if privately, US officials doubt Ukraine could recover all its occupied territories.

✓ While the Russian media has little or no choice but to parrot the official line, Western media has a choice but chooses to trust NATO and Pentagon briefs and reports, regardless of their intentions. Take for example the declaration of an anonymous (why anonymous?) senior Pentagon official that: “Russia has committed nearly 85 percent of its military to the war in Ukraine” and “has removed military coverage from other areas on their border and around the world”; Russia “still has not figured out how to use combined arms effectively”; Russia is “taking hundreds of casualties a day”. Among Russia’s military fatalities have been “thousands” of lieutenants and captains, “hundreds” of colonels, and “many” generals.


Now I have no clue if any of this or other such claims are true, and nor I suspect do the officials propagating it or the journalists spreading it. But it is out there, shaping the opinions of the public, the elites and the experts, most of who believe Ukraine is able to pull off some sort of an upset if not an outright victory against its largely more powerful neighbour. But the Western and especially Anglo-American media seems to suffer from short, or should I say selective memory when it takes the official line at face value, as if the official deception during yesterday’s wars in Afghanistan, Iraq or Vietnam, has no bearing on covering today’s war in Ukraine.

In 2019, the Washington Post newspaper revealed that senior US officials failed to tell the truth about the war in Afghanistan throughout the 18-year campaign, making rosy pronouncements they knew to be false and hiding unmistakable evidence the war had become unwinnable. In other words, they lied. But media outlets, think-tanks and influential pundits continued to rely on these “officials”; even after it was revealed that they have also lied about another war – the Iraq war, which was also fought on false pretence and fabricated evidence.

Official deception was even worse during the Cold War. For example, the “Pentagon Papers” published about half a century ago revealed that the US government was guilty of an enormous cover-up regarding the terrible losses in the Vietnam war, which led to some 55,000 American and more than a million Vietnamese deaths. Any expectation that US media and the public’s trust in the government’s take on wars was “forever diminished”, turned out to be premature, as official lies about the “dirty wars” in Asia and Central America continued to be widely reported as facts.

Even today, as US Special Operation Command covertly deploys special forces across Africa to fight “shadow wars”, it blatantly preaches “free and transparent press”. One does not know whether to laugh or cry."




 

Nouriel Roubini: Corruption in The Crypto Finance Industry | CNBC @ Abu Dhabi Finance Week

  • Nouriel Roubini called Binance founder Changpeng Zhao a "walking time bomb" on Wednesday.
  • The economist called crypto "totally corrupt" at a CNBC event in Abu Dhabi.
  • Roubini also slammed Shark Tank investor Kevin O'Leary, who he called "a paid hack for FTX".

 


www.kitco.com

Nouriel Roubini says the cryptocurrency ecosystem is 'totally corrupt'

nchristensen@kitco.com
4 minutes

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Famed economist Nouriel Roubini is waging a Twitter war against the global crypto economy as it faces a massive liquidity crisis that has brought down major exchanges and players.

This past week the outspoken professor at the NYU Stern School of Business and CEO of Roubini Macro Associates has made headlines describing cryptocurrencies as a "corrupt cesspool." But he took his battle to new highs Wednesday, saying it's an "ecosystem that is totally corrupt" in a live panel discussion at the Abu Dhabi Finance Week. 


 

In a direct attack on Binance CEO Changpeng Zhao, also known as CZ, Roubini said that he doesn't know why the crypto mogul has been allowed to live and operate in the UAE.

He noted that Zhao's cryptocurrency exchange has been banned in the U.K. by British Regulators, and is now under investigation by U.S. officials for processing nearly $8 billion in funds from Iran, skirting U.S. sanctions that have been in place since 2018.

"He is a walking time bomb and he should be kicked out of this country and not be allowed to operate," he said.

The harsh comments about the crypto economy come as Roubini issues a stark warning for the global economy, saying that it is headed towards a decade-long stagflationary debt crisis.


"When the recession comes, it will not be short and shallow but long and severe. Not only are we facing persistent short- and medium-term negative supply shocks, but we are also heading into the mother of all debt crises, owing to soaring private and public debt ratios over the last few decades," Roubini wrote in a recent commentary for Project Syndicate.

"If we don't stop the multi-track slow-motion train wreck that is threatening the global economy and our planet at large, we will be lucky to have only a repeat of the stagflationary 1970s," he said.

Along with a looming global economic crisis, Roubini also said that the world faces more geopolitical instability and the potential for more international conflicts and environmental threats due to climate change.

In a world that faces growing mega-threats, Roubini has consistently said that people need to hold tangible assets to protect themselves.

"Investors will need to find assets to hedge against inflation, political and geopolitical risks, and environmental damage: these include short-term government bonds and inflation-indexed bonds, gold and other precious metals, and real estate that is resilient to environmental damage," he wrote.

Last week, Roubini also launched his latest book: Megathreats: Ten Dangerous Trends That Imperil Our Future, And How To Survive Them.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication. 


 

 

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Nouriel Roubini slams Binance boss CZ as a 'walking time bomb' and says crypto is totally corrupt

George Glover
4 - 5 minutes

Nouriel Roubini described Binance boss Changpeng Zhao as a "walking time bomb" Wednesday in a passionate rant about corruption in the crypto industry.

The economist—who's been dubbed "Doctor Doom" for his grim predictions—said that the recent collapse of major exchange FTX shows that crypto needs to be wary of bad actors, and included Zhao, better known by his initials CZ, within that group.

"There are seven Cs of crypto," Roubini told CNBC Middle East Wednesday. "Concealed, corrupt, crooks, criminals, con men, carnival barkers and finally, CZ."


 

"Unfortunately this is an ecosystem that is totally corrupt," Roubini added. "Unfortunately it is and I think the lesson of the last few weeks is that these people should be out of here."

Speaking at the Abu Dhabi Finance Week, Roubini questioned why Binance is allowed to operate in the United Arab Emirates. 

The exchange was banned from the UK by the Financial Conduct Authority last year, and is also under investigation by US authorities over claims it helped Iranian firms to launder money.

"I can't believe that CZ and Binance has a license to operate in the UAE," Roubini said. "The regulators should be thinking carefully," he added. "That's a walking time bomb."

Roubini also criticized "Shark Tank" investor and frequent CNBC guest Kevin O'Leary, who was a spokesperson and early investor for the now-bankrupt exchange.

"Kevin O'Leary is a paid hack for FTX," he said. "I hope that CNBC is going to get rid of him."

Neither Binance nor Kevin O'Leary immediately responded to Insider's requests for comment.

Roubini is a longtime crypto critic who has repeatedly slammed the industry, including after FTX announced it was exploring a rescue deal with Binance after suffering a solvency crisis last week.

"First FTX bails out collapsing crypto Ponzi scams. Now FTX is collapsing & being bailed out by Binance," Roubini said in a November 9 tweet.

"But who will bail out Binance when that crappy house of cards collapses? Crypto is Mother Of All Ponzi Schemes!" he added.

Read more: 'Dr Doom' economist Nouriel Roubini suggests FTX's rescue deal shows how crypto is a Ponzi scheme: 'Who will bail out Binance?'