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Forwarded from The Cradle
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WATCH: UN spokesman denies presence of US troops in Syria.

Did the UN just dump International Law?
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Why would Elites want to destabilise Europe?
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French journalist suggesting that protests are Russian-backed.
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Middle Nation
France destabilisation?
As I thought seemed a likely turn of events
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Speaker of the Ghana Parliament Alban Bagbin regarding Kamala Harris and the American demand of respect for LGBT
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Good info:

“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.” – John Maynard Keynes

What makes for a successful economy? While the question has long been the subject of deep academic study, we have an admittedly simplistic view: its energy and banking industries. History and observation teach us ready access to cheap, abundant energy and a vibrant, properly incentivized banking sector are an infallible combination.

Look no further than Germany. Prior to its disastrous implementation of Energiewende, Germany had near-perfect access to surplus energy from ultra-secure sources. It produced 30% of its electricity from a domestic fleet of some of the best-run nuclear power reactors in the world and used its bounty of native coal deposits for another 50%. Germans met the balance of their needs using a mix of renewable energy and cheap natural gas from Russia, which arrived in-country via pipeline with an enviable regularity and an even more attractive price.


Germany’s original green energy | Getty
Germany paired this favorable energy profile with a robust and flexible banking sector, tailor-made to support industrial growth. This dual-engine construction allowed its economy to become the fourth largest in the world.

The beating heart of the German economy is its small- and medium-sized companies, known as the Mittelstand, that are strong drivers of the country’s innovation agenda. For color on the nature of Germany’s banking sector as it pertains to the success of Mittelstand development, we turn to Sir Steven Wilkinson, an entrepreneur who spent decades living and doing business in the country, in an excellent essay he wrote for his Pitchfork Papers (emphasis added throughout):

“In order to understand the Mittelstand you have first to understand the unique regionality of the BRD [Federal Republic of Germany] and its federal system of government which devolved a great deal of power and autonomy to the individual states. Each State has its own regional capital replete with its own banking system headed up by the regional Landesbank as well as a raft of special purpose financing institutions (Buergschaftsbanken and the like) whose purpose is to provide access to capital and capital-like financing options to local industry. Add to this the fact that Germany is significantly over-banked, with local Sparkassen (Savings Banks) and VR Banken (Cooperative Banks) along side Private Banks (like Deutsche and Commerzbank) overflowing with deposits and backed by implicit State guarantees (the explicit guarantees disappeared in 2008/09 as a result of Basel III and EU anti-subvention rulings) with implications for cost of and access to capital, then you will understand how Germany is institutionally constructed to provide support to industry in a way no other country is.”

Despite the best efforts of its coastal elites, the US has not yet committed national energy suicide like the Germans. Quite the opposite. With a bounty of fossil fuels and the technological prowess to develop them, the US has reclaimed the noscript of preeminent global energy superpower. The country also sports 92 operating nuclear power reactors which quietly and safely churn out carbon-free electricity with capacity factors exceeding 90%. Although the Inflation Reduction Act will waste much public funding chasing the Green Energy Santa, we would be surprised if the US relinquishes its global energy advantages any time soon.

Instead, it’s the diversity required in a banking system meant to support economic growth both big and small that is about to be pushed off the ledge.

Although not quite as over-banked as their German counterparts, small- and medium-sized businesses in the US have a plethora of community and regional banks (CRBs) with which to partner on economic development. For these businesses, the relationship between owner and banker – a role still served by an actual human – is an irreplaceable catalyst for substantive growth.
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The recent and ongoing run on several regional banks risks destroying this important pillar of the US economy, with Treasury Secretary Janet Yellen dazed and confused as she pushes a button she didn’t seem to realize was connected to a wrecking ball. How close are we to the abyss, will regulators stem the crisis in time, and what happens if they fail to do so? Let’s head to the local credit union and find out...
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Liberal Muslims and the Nashville shooter
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Forwarded from The Cradle
BRICS nations working on ‘fundamentally new currency

The US dollar's hegemony in international markets continues to deteriorate partly due to the Global South's refusal to enforce western sanctions against Russia
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Just in: Germany bans gas heaters.
In Ukraine, if Bakhmut is taken it may signal the opening of additional fronts elsewhere against Russia.
Just my opinion.
Forwarded from Insider Paper
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JUST IN 🚨 Some 740,000 at pensions protests nationwide in France: government

READ: https://t.co/V0pK8Ox3Ww
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Might want to watch this
Forwarded from Open Source America
President of Belarus Lukashenko announced the transfer of special forces units to the border with Ukraine in order to prevent provocations.
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Divisions palpably emerging on the continent
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🇷🇴🤝🇵🇱🤝🇺🇦🇪🇺📰 EURACTIV | Prime Minister Mateusz Morawiecki laid out his hopes to build a new economic community in Central and Eastern Europe with the participation of Romania and Ukraine on Tuesday in Bucharest, where he also criticised powerful Western countries for undermining the region for many years.
At the Polish-Romanian intergovernmental consultations in Bucharest, Morawiecki stressed cooperation between Poland and Romania is key to making the region’s voice better heard.

“We cannot look at the European Union as those who must be listened to and must always have the best solutions transported in a suitcase to Bucharest or Warsaw,” he said, quoted by TVP public broadcaster.

In his speech, Morawiecki also praised his Romanian counterpart and the country’s president for pursuing a policy that aims for cohesion, synergy and efficiency between both countries.

According to Poland’s prime minister, countries in the region were used by stronger countries in the West and the East, noting that when the area first transitioned towards capitalism after the fall of Communism, “the West was making use of us for its own goals.”

Last week Morawiecki also laid out his vision for the future of Europe in a speech at Heidelberg University, Germany, highlighting the role of sovereign nation-states against a European federation.
“Nothing will safeguard the freedom of nations, their culture, their social, economic, political and military security better than nation states,” Morawiecki said, adding that “other systems are illusory or utopia,” warning of a further federalisation of the EU.

Morawiecki also suggested Poland and Romania should develop cooperation in a triangle with Ukraine, which would help to enhance investments and military strategic plans for the future and allow the creation of a “new economic community in the region of Central and Eastern Europe.”

For Romanian Prime Minister Nicolae Ciucă, 2022 was “fruitful for the Polish-Romanian business community” as trade between the countries amounted to €11 billion – which represents an increase of 20% compared to 2021.

@Wallachian_Gazette
Note the last part: he didn't say "create a country..." he said "a world".
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