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Trump comes to Riyadh as Saudi Arabia bankrupts itself

US President Trump arrives in Saudi Arabia at a time when Deputy Crown Prince Mohammed bin Salman – the country’s de facto ruler – has launched it on a runaway spending programme which is bound to end in national bankruptcy.

Alexander Mercouris

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US President Donald Trump’s choice of Saudi Arabia for his first foreign trip has provoked some criticism.

It is not difficult to understand why.

Whilst the US claims to be the leader of the “free world” the embarrassing reality is that its most important Middle East ally is a repressive autocratic Wahhabist monarchy.  Whilst Donald Trump says the destruction of Jihadi terrorism is his priority, Saudi Arabia – as everyone knows – is the country that bankrolls most of this terrorism.

Beyond that there is the fact that many Americans have not forgotten or forgiven the fact that 15 of the 19 9/11 hijackers – as well as Osama bin Laden, the presumed organiser and inspirer of the 9/11 attacks – were Saudis.

The fact however remains that Saudi Arabia is the lynchpin of the whole of the US’s strategic position in the Middle East, whilst Saudi Arabia’s oil exports – and the fact that it sells them for US dollars – serve a key role in underpinning US dominance of the world economy.

Whilst this remains the case the US has no realistic option but to maintain good relations with the Saudis.  In that respect Trump’s courtship of the Saudis makes far more sense that Obama’s ill concealed disdain for them, and given the damage Obama did to this crucial relationship Trump’s priority on repairing it – and thus his visit to Saudi Arabia – makes complete sense.

What all the talk of Trump’s visit obscures however is that even as the US seeks to renew its relationship with Saudi Arabia, the Kingdom has embarked on an out-of-control spending spree which can only result in its eventually bankrupting itself.

To understand the scale of what is happening, just consider the outline of the projects that are supposed to be under discussion during Trump’s visit.  The Financial Times provides a good summary

Saudi Aramco, the state oil company, signed more than $50bn worth of deals on Saturday, around $22bn of which were new memorandums of understanding, including:

Investing $7bn with Rowan over 10 years to own and operate drilling rigs, creating 2,800 jobs in Saudi Arabia; extending a joint venture with Nabors for oil well services, seeing $9bn of investment over 10 years, creating up to 5,000 jobs in the kingdom; a new joint venture with National Oilwell Varco in Saudi Arabia to manufacture driving rigs and equipment, seeing $6bn of investment over 10 years.

Aramco also said it would boost operations at its US refinery unit Motiva, with a planned $12bn investment with a likely additional $18bn by 2023. The deal aims to create 12,000 jobs by 2023.

Six firms — including Honeywell, McDermott and Weatherford — signed MOUs to expand Aramco’s use of locally produced goods and services, bringing $19bn of investment to the kingdom.

Aramco also signed a deal with GE to deliver $4bn worth of savings via digitisation of the oil firm’s operations. This was part of a GE package of valued at $15bn.

When deputy crown prince Mohammed bin Salman visited Washington earlier this year, the White House estimated that Saudi investment pledges could rise to around $200bn.

In the defence sector, Lockheed Martin signed a $6bn deal to assemble 150 Blackhawk helicopters in the kingdom, supporting 450 jobs.

Raytheon and General Dynamics also signed agreements to support the localisation of defence contracts. The deals support Prince Mohammed’s plans for the world’s third-largest spender on arms to create a domestic industry led by the newly formed company Saudi Arabia Military Industries. The kingdom wants to source half of defence spending locally by 2030 from 2 per cent now.

Saudi Arabia’s $200bn Public Investment Fund, which plans to boost its assets under management to $2tn after the planned initial public offering of Aramco, will also announce its SoftBank vision fund deal, as well as launching another partnership, according to its managing director, Yasir Al Rumayyan. The SoftBank vision fund, the largest private equity fund ever created, is expected to close at more than $90bn, with half of the investment coming from PIF. Around 50 per cent of the fund is expected to be invested in the US, bankers say.

Saudi’s sovereign Public Investment Fund pledged $20bn for a $40bn Blackstone US infrastructure fund, with $20bn to be raised from other parties. Blackstone said it expects, with debt financing, to invest $100bn in infrastructure projects, mainly in the US. “This potential investment reflects our positive views around the ambitious infrastructure initiatives being undertaken in the US as announced by President Trump,” said Yasir Al Rumayyan, managing director of PIF.

Dow Chemical, whose chief executive Andrew Liveris co-chaired the Saudi-US CEO Forum on Saturday, agreed to invest more than $100m for a polymers manufacturing plant, while studying a proposed investment in silicones production.

This comes on top of a $300 billion (!) deal to buy arms from the US over a period of 10 years, of which $110 billion (!) is to be spent up front.

These gargantuan arms deals oil rich Arab states regularly make are not primarily intended to strengthen their defence capacity.  The quantities of weapons these oil rich Arab states buy is by many orders of magnitude greater than they can ever use.  Rather these deals are bribes, intended to buy the favour of the country from whom these oil rich Arab states buy these arms, whilst simultaneously buying the favour of useful politicians and businessmen by recycling some of the money to them through kickbacks and commissions.

The US – and Britain and France – have long since become accustomed to this practice, and have no illusions about it.

In the 1970s, when Muammar Gaddafi’s Libya did the same thing with the USSR – buying vast quantities of arms from the USSR which it was never going to use – the Russians did not understand it, and were baffled by it, especially as they saw most of the sophisticated weapons they were supplying vanish into Libyan storehouses (many of them were still there, rusted and decaying, in 2011 when Gaddafi fell).  Today the Russians have also come to understand it.

Needless to say what Gaddafi and the Libyans did with the Soviets in the 1970s is completely dwarfed by what the Saudis regularly do, and even that is dwarfed by the Homerically vast arms deal the Saudis have struck with the US just now.

All of this spending is being driven by the grandiose and out-of-control ambitions of Saudi Arabia’s actual ruler, the 31 year old Deputy Crown Prince Mohammed bin Salman, who seems to believe that instead of working hard to develop its own industrial and technology base Saudi Arabia can simply buy itself one wholesale.

Moreover at the same time that Prince Mohammed bin Salman has launched Saudi Arabia onto this gigantic domestic spending spree, he is doubling down on Saudi Arabia’s hugely over-ambitious and massively costly foreign policy, waging (and losing) war in the Yemen, intervening in Syria, bankrolling Pakistan, Turkey and Egypt, and confronting Iran, a country far more powerful than Saudi Arabia, with resources Saudi Arabia cannot match.

This is exactly the opposite route to the one Saudi Arabia should be following.

If Prince Mohammed bin Salman were familiar with his history (he obviously isn’t) he would know that Saudi Arabia and the other oil rich Arab states have been trying to buy their way to industrialisation since at least the 1960s.  Since this is never done by developing the economy organically and indigenously the attempt has always failed, as the plants and factories imported from Europe and North America need supplies and technicians from abroad to keep them going, and are ill-adapted to local needs.

Repeating this approach, which in the past has always failed, but doing so on a gigantically greater scale, is simply going to make the failure far greater, littering Saudi Arabia with flashy new factories that consume more in resources than the value of the goods they produce.

By contrast, if Prince Mohammed bin Salman were ever to put aside his sectarian prejudices (something which is probably impossible for him) he could do worse than look at Iran, which since the fall of the Shah in 1979, and despite many setbacks and Western sanctions (or possibly because of them) has managed through careful industrial training and management, and by relying on its own resources, to do what Saudi Arabia and the other oil rich Arab states have consistently failed to do, which is build up a significant industrial and technology base of its own.

As for where the funding for this megalomaniac spending programme will come from, the Financial Times article makes it all too obvious: from privatising Aramco, Saudi Arabia’s state owned oil company, the historic cash cow of the Saudi economy, which as a result is going to be lost forever.

All this combined with a bizarre fancy that Saudi Arabia’s financial resources can be increased by using the sale of Aramco to leverage up the paper value of the assets managed by its Public Investment Fund (ie. its sovereign wealth fund) from $200 billion to $2 trillion.

Needless to say this is not going to be anywhere near enough, and it is only a matter of time before runaway spending at this rate causes Saudi Arabia to run out of money.

That all sense of reality is being lost is shown by the extraordinary extravagance of the reception Prince Mohammed bin Salman is laying on for President Trump.  A leaked report shows that the Saudis are planning to spend an astonishing $68 million on his visit.

In reality what Saudi Arabia needs to do is not engage in a gigantic programme of over-spending which can only make the country’s economic situation worse, but on the contrary cut back radically on its existing spending, so that it can finally start to live within its means.

That means thinking of how to end the vast system of subsidies and privileges that are distorting and stifling the economy, and which are robbing it of vitality because they are unearned since they are paid for from oil revenues and are not paid for by taxes.

It means working towards ending the peg between the Saudi riyal and the US dollar, which is exaggerating the problems of the country’s budget at a time of low oil prices, and which is increasing its non-oil trade deficit by stifling the competitiveness of the non-oil part of the country’s economy.

It also means reining back on the country’s ludicrously over-ambitious and inherently destabilising foreign policy, which has achieved nothing save to spread terrorism throughout the Middle East, including in Saudi Arabia itself, whilst locking Saudi Arabia into an arms race with Iran, which because of Iran’s vastly superior resources Saudi Arabia can never win.

As for the vast sums Saudi Arabia spends on arms – which it cannot use and often doesn’t intend to use – Saudi Arabia would be far better advised spending them instead on educating its people so as to prepare them for a genuine role in the country’s government.

As well as improving the national education system – which by all accounts is in an extremely poor condition, blighted by bigotry and prejudice – that means providing scholarships to young Saudis – men and women – from poorer families to study in universities abroad.

Objectively all this is possible, and it is not too late to do it.  If it were done then in 10 to 20 years time Saudi Arabia would be transformed vastly for the better.

In reality none of this is going to happen, and most likely it would not happen whoever was Saudi Arabia’s ruler.  Prince Mohammed bin Salman’s peculiar genius is to accelerate the now inevitable collapse, so that it will all happen far more quickly than it otherwise would have done, and at supersonic speed.

Patrick Cockburn, that most insightful of commentators on Middle East affairs, has compared the cost and extravagance of Prince Mohammed bin Salman’s reception of President Trump to the similarly empty and inflated pomp of the Shah of Iran’s Persepolis Party of 1971.

That event together with the Shah’s runaway spending on a manic and unsustainable industrialisation programme eerily similar to the one now planned by Prince Mohammed bin Salman led eventually to the 1979 Iranian Revolution and the fall of the Iranian monarchy.  If the same thing happens in Saudi Arabia the results will be far more bloody.

In the meantime all sorts of people are making hay whilst the good times last.  In the words of the Financial Times

……dozens of chief executives from Saudi Arabia and the US were convening at a forum where they discussed Saudi financial flows into America, and how the US could help diversify the kingdom’s oil-reliant economy. “The government is taking a back seat and putting the private sector as the locomotive to drive the economy,” said Khalid al-Falih, the Saudi energy minister. “There will be risks, but we will work with you to mitigate it.”….

At the close of the Saturday morning forum, about 70 senior Saudi executives and US chief executives boarded buses outside the Four Seasons hotel, bound for lunch with King Salman and Mr Trump at the royal court.

The elite business delegation is set to hold postprandial talks with prince Mohammed, architect of the kingdom’s reform plans. Around 30 US executives were approved to attend the lunch, including names such as Larry Fink of BlackRock, Michael Corbat of Citigroup, Roy Harvey of Alcoa, Adena Friedman of Nasdaq and financial adviser Michael Klein.

Amid tight security, royal guards took the executives’ phones, before they boarded the coaches.

As the horizon darkens, all that is left is to wish these gentlemen bon appetit.

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Ukraine President Poroshenko moves to steal Russian Orthodox Church property

The Duran – News in Review – Episode 84.

Dmitry Babich

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The press service of the Patriarch of All Russias announced that the first person in the Russian Orthodox Church, Patriarch Kirill, will visit Istanbul on August 31, 2018, for a “very important talk” with his colleague, the Ecumenical Patriarch Bartholomew.

All Russia and all of Ukraine will be watching this meeting with their hearts beating. Bartholomew, even though not playing in the Orthodox world the same role as the Pope plays in the Catholic one, is in a “make or break” position now. Bartholomew has been asked by the Ukrainian president Petro Poroshenko to separate the Ukrainian “sister church” from the Moscow Patriarchate. The problem is that Russian and Ukrainian Orthodox believers belonged to the same church since Russia’s baptism in 988 AD, which makes it more than 1000 years. (Kirill is traditionally called the Patriarch of All Russias, meaning the White Russia, i.e. Belarus, and Small Russia, i.e. Ukraine.)

The head of the un-recognized pro-Poroshenko “alternative” Ukrainian church, Filaret Denisenko, said that Bartholomew’s agreement will mean an immediate confiscation of all the temples, chapels and monasteries in the country from the “pro-Moscow” church to the newly formed Unified Orthodox Church of Ukraine, which president Poroshenko announced would be founded right after getting Bartholomew’s eventual permission. Bartholomew’s response is awaited in September, so the visit of the Russian Patriarch to Bartholomew’s office in Istanbul has an urgent character. In Ukraine, several deputies warned of “bloody consequences” if the buildings of prayer start to be taken away from the traditional church.

The Duran’s Alex Christoforou and Political Analyst with Sputnik International, Dmitry Babich, discuss the move by Ukraine President Poroshenko to divide the Russian Orthodox Church and execute a massive land grab against the Russian Church that would be historic in size and scope.

Remember to Please Subscribe to The Duran’s YouTube Channel.


TURMOIL AROUND THE ANNIVERSARY

In The end of July 2018, on the eve of the 1030th anniversary of the Baptism of Kievan Rus, an Eastern Slavic proto-state, on whose territory the three modern states of Russia, Ukraine and Belarus are located today, the events of that long past epoch were suddenly echoed by some very modern pains. The authorities in Kiev, the site of baptism performed by prince Vladimir in 988 AD and currently the capital of Ukraine, spread fears among believers. Fears unheard of since Christianity was de facto “rehabilitated” in the former Soviet Union during the celebrations of the 1000th anniversary of the Baptism – under Mikhail Gorbachev in 1988.

The heads of Ukrainian transportation companies said in their many conversations with Ukrainian priests that they got “recommendations” from the authorities not to provide buses at the request of  peripheral parishes of the Ukrainian Orthodox Church of Moscow Patriarchate (UPTsMP in the local abbreviation). The aim of the authorities was to prevent UPTsMP from busing the believers into Kiev and holding a mass march there. Since UPTsMP openly condemns the ongoing civil war in Ukraine, refusing to call it a “Russian aggression” and retaining the word “Moscow” in its name, the authorities’ concerns are easy to explain. They were afraid that the march could be seen as a sign of the believers’ opposition to certain policies of the ruling regime in Ukraine. Namely, the policies aimed at total cut of ties to Moscow, advocated by the ruling regime in Ukraine.

PROBLEMS OF TRANSPORTATION

“We called dozens of various [transportation] companies and everywhere we heard total refusal. In the end, one of the heads of these companies confessed: they were unofficially prohibited to transport the believers to Kiev under threat of a physical violence,” the official site of the Ukrainian church quoted archpriest Oleg Dominsky as saying. Dominsky represented the Ovruch diocese of UPTsMP. https://ria.ru/religion/20180726/1525416709.html

Ovruch is located in the north-west of Ukraine, a few hundreds of miles away from Kiev. Similar complaints came from the Odessa, Nezhin and Chernovtsy regions of Ukraine. The metropolitan of the Ovruch diocese Vissarion said in an interview to the Kiev-based Ukrainian television channel  112UA: “Not only the transportation companies, but even simple believers face obstacles [on their way to Kiev]. People are… intimidated, some of them face threats of having problems with their jobs,” Vissarion said on 112UA channel. https://ria.ru/religion/20180726/1525416709.html

“SEPARATISTS” IN THE MAJORITY

However, on July 27, the UPTsMP’s  march in honor of the 1030th anniversary did take place, with about 250 thousand people attending it, according to the church’s own estimates. The deputy of Ukraine’s interior minister, Sergei Yarovoi, came with a much more modest estimate, telling the journalists that “about 20 thousand people took part” in the march of the church which the pro-government Ukrainian nationalist organizations often accuse of being “a pro-Moscow group of separatists in priests’ attire.”

Why was the Ukrainian government so much against the march commemorating something that happened 1030 years ago? “It had been clear long before the anniversary that this march would reveal the spiritual bonds between Ukrainians and Russians, since prince Vladimir during the baptism did not make any difference between these two nations. So, the authorities tried to prevent the march, while giving maximum support to an alternative event, organized by the so called Ukrainian church of Kiev Patriarchate, which is loyal to the authorities and calls the war in Ukraine a ‘Russian aggression,” said Vladimir Sinelnikov, the Ukrainian-born correspondent of the Russian Vesti FM radio station in Kiev. https://radiovesti.ru/brand/61178/episode/1860284/

According to Sinelnikov and several Ukrainian media outlets, the authorities are giving a clear preference to an “alternative” Ukrainian Orthodox church, the so called Ukrainian Orthodox Church of Kiev Patriarchate (UPTs KP), not recognized by any of the world’s Orthodox Patriarchates. This so called “church” is headed by “patriarch” Filaret Denisenko, an excommunicated former member of the Holy Synod of the Russian Orthodox Church who founded UPTsKP on the basis of Ukrainian nationalism and total rejection of any “spiritual communion” with Russia in 1992.

APOSTOLIC SUCCESSION

“We know that participants in the march organized by citizen Denisenko and his followers were bused in to Kiev by none other than the local administrations and other government bodies,” said Alexander Shchipkov, deputy head of the Russian Orthodox Church’s department for relations with society and media. “However, experience shows that excommunicated Denisenko and his so called church never attain the same numbers of supporters as the canonical Ukrainian church, which is officially a branch of the Russian Orthodox Church, sharing its apostolic tradition and many hundreds of years of history. For every true believer, this is more important than the government’s graces.”

According to historical records, Kievan Rus was officially baptized by prince Vladimir in the tenth century AD with the support and participation of the Greek Church in Constantinople, then the official church of the East Roman Empire, later referred to by historians as Byzantine. (In reality, the Byzantine emperors and their subjects called themselves Romans and considered their empire the same state as the legendary Roman empire of Julius Caesar. It is from Caesar that the word “tsar” emerged in the Russian language to designate the monarch, while Roman history became the root of the theory of “Moscow as the third Rome,” which presumed Moscow’s succession to the imperial city of Rome and its previous successor of Constantinople, the second Rome, that fell to Turkish hands in the fifteenth century.)

The first Orthodox bishops and metropolitans in Russia were Greeks from Constantinople, who got their “apostolic succession” from Christ’s own disciples, which visited Rome and Greece on many occasions, starting the tradition of “ordaining” new bishops and priests, which lasts to this day. Today, Russia, Ukraine and Belarus are in fact celebrating the 1030th anniversary of this unbroken tradition.

UNWANTED SEPARATION

“The strength of the Russian Orthodox Church and its Ukrainian sister UPTs MP lies in the apostolic succession, which the current Ukrainian government can neither provide nor imitate,” Moscow Patriarchate’s Shchipkov said. “The state cannot “create” a church, nor should it aspire to do it. But this is exactly what the Ukrainian authorities are trying to do, urging the Ukrainian Orthodox Church to merge with Denisenko’s entity and asking from the ecumenical Patriarch in Constantinople an autocephalous status for this new “united” Ukrainian church of their own invention.” In April this year, Ukraine’s president Petro Poroshenko and the country’s parliament did ask the Istanbul-based Patriarch Bartholomew to give “patriarch” Denisenko and his church an “autocephalous” status, thus breaking the more than 1000 years old link to Russia. Bartholomew is still considering that request. The Ukrainian Orthodox Church of Moscow Patriarchate protested, saying that it did not empower Poroshenko and Rada to ask Constantinople for any special new status for it. “This initiative is an abuse of power, an interference of state into church affairs,” the Church’s statement said. http://news.church.ua/2018/04/21/zayavlenie-ovcs-ukrainskoj-pravoslavnoj-cerkvi-po-povodu-obrashheniya-prezidenta-ukrainy-k-vselenskomu-patriarxu-varfolomeyu-otnositelno-predostavleniya-tomosa-ob-avtokefalii-pravoslavnoj-cerkvi-v-ukr/?lang=ru

SPIRITUAL LINK

However, besides a purely religious significance, today’s anniversary has an important humanitarian element, which goes far beyond the sphere of religion alone. Joint celebration of the Eastern Slavs’ baptism provides an enduring spiritual link between tens of millions of people, who in the 1990s suddenly became divided by newly emerged borders. Ukraine again gives the most vivid – and dramatic – example of this.

After the Maidan revolution in Ukraine in 2014 and the subsequent crackdown by the new authorities on all things Russian in that country, Ukrainian Orthodox Church of Moscow Patriarchate (UPTsMP) remained the only public organization in Ukraine which still legally has the word “Moscow” in its name. For millions of Ukrainian citizens, ethnic Russians or not, any kind of legal linkage to Russia is valuable and important. Besides the Cyrillic alphabet, which was given to both Russians and Ukrainians by the saintly teachers Cyril and Method in the 9th century, there are few non-Internet links that remain between the two countries. Already in the beginning of its rule in 2014, the new regime in Kiev terminated air flights between the two countries and banished Russian television and radio from Ukraine’s cable networks. Constant attempts to shut down the Russian embassy and to introduce a visa regime or just to close the borders are made from the Ukrainian side.

CHURCH SUCCEEDS WHERE GORBACHEV FAILS

But why does the church endure where diplomacy does not?

In the period of collapse of the Soviet Union as a successor to the Russian empire, which culminated in the country’s dissolution in 1991, the Russian church proved to be much wiser and more flexible than the Soviet state. It succeeded where the last president of the Soviet Union Mikhail Gorbachev failed.

“Russian Orthodox Church then gave its “periphery” so much autonomy, that this prevented the collapse of the whole structure. The unified state might collapse in tears, but the church did not follow it. It remained alive and did not give up its right to cater to believers on all sides of the newly emerged borders,” explains Yevgeny Nikiforov, the head of the Orthodox-oriented radio station Radonezh and a specialist in Russian church’s history.

Even before the collapse of the Soviet Union in 1991, Moscow Patriarchate allowed the sister churches in Ukraine, Belarus and Moldova to have their own budgets, to appoint their own bishops and to run all of their “earthly” activities (education, production of church items, etc.) without consulting anyone in Moscow. In return, the Russian Orthodox Church remained in “eucharistic union” with them, with representatives of these churches participating in the election of the Russian Patriarch of ROC. But what is most important, all believers in these countries and Russia can satisfy their religious needs on equal footing in any of these sister churches.

PATRIARCH IN DREAM OF KIEV

After his election in 2009, the Patriarch of the Russian Orthodox Church Kirill became much more active than his predecessors in propagating the idea of the “Russian world,” a free spiritual community of the individuals sharing Christian Orthodox values, anchored in Russian culture and having some knowledge (not necessarily proficiency) of the Russian language.

The tragic wars in Georgia and Ukraine in 2008 and 2014, when Christian Orthodox believers killed each other on both sides of the fronts, led to innumerable losses for both the church and its Orthodox parishioners. Dozens of Orthodox priests had to emigrate from Ukraine to Russia because of accusations of being “Moscow stooges.” But this suffering did not shatter the belief of Patriarch Kirill in the feasibility of Russian world and its benign nature.

For Kirill, there is a personal side to these conflicts: the tradition to celebrate the anniversaries of Prince Vladimir’s Baptism of Rus in Kiev, established by Kirill’s predecessors back in 2008, can no longer be continued because of the Ukrainian government’s negative stance towards him personally.

“The Patriarch feels very badly about the fact that the Ukrainian authorities do not let him visit Kiev, the cradle of Russian Orthodoxy,” explained Vladimir Legoyda, ROC’s representative in the Holy Synod’s department on public affairs. “For many centuries, this is the first time that the head of the Russian orthodox Church is facing such a constraint on his movement. But the Patriarch is sure that sooner or later such a visit will be possible again. We don’t support any sides in Ukraine’s war. We just want this war to end as soon as possible.”

Speaking to a convention of the world’s Orthodox churches’ representatives in Moscow on July 27, Patriarch Kirill denounced the attempts to divide and subdue the Ukrainian Orthodox Church, he condemned its discrimination and the attempts to disown it of its most famous  Pochayiv monastery and Kiev-Pechersk one. “For our church, Kiev is the same kind of a holy place as Jerusalem is for Christians of all creeds or Kosovo is for the Serb Orthodox church,” Kirill explained. He also asked the Ukrainian authorities not to “cut away” the Ukrainian church from the Moscow Patriarchate.

But will the official Kiev hear the Patriarch?  It may not, but after all, the link between the Russian and Ukrainian believers is really not of an earthly nature. And what God has tied together, will the governments be able to severe? Every true believer knows the answer to this question.

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Judicial Watch Calls for Re-Opening of Hillary Email Investigation After More Classified Info Found

Judicial Watching is calling for a re-opening of the investigation into Hillary Clinton’s emails after finding more classified information on the former Secretary of State’s non-“state.gov” email system.

The Duran

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Authored by Joseph Jankowski via PlanetFreeWill.com,


On Thursday, the watchdog revealed that it had received two batches, 184 pages and 45 pagesof newly uncovered emails belonging to Hillary Clinton from the U.S. Department of State sent and received over her unsecured server.

The emails were uncovered by a FOIA lawsuit filed on May 6, 2015, after the State Department failed to respond to a March 4, 2015 FOIA request seeking all emails sent or received by Clinton in her official capacity as Secretary of State, as well as all emails by other State Department employees to Clinton regarding her non-“state.gov” email address.

Judicial Watch broke down what they found:

  • On June 7, 2011, Clinton received classified information on her non-secure email account from former British Prime Minister Tony Blair, which Blair also forwarded to Jake Sullivan, about Blair’s Middle East negotiations with Israel, the Palestinians and the French
  • On January 26, 2010, Clinton’s Deputy Chief of Staff Jake Sullivan sent classified information via his unsecure Blackberry to Huma Abedin’s State Department email account that he’d earlier sent to Clinton’s and Abedin’s non-secure @clintonemail.com email accounts about U.K. negotiations with Northern Ireland.
  • On October 28, 2010, Clinton exchanges information with her friend Marty Torrey – a congressional aide – who asks Clinton in an email if she would advise that Torrey meet with former Pakistani President Pervez Musharraf. Clinton responds through her non-secure email account approving the meeting and notes that she is emailing him from Hanoi, Vietnam.
  • An email chain dated April 8, 2010, which contains a memo from Sid Blumenthal to Hillary Clinton related to the change of government in Kyrgyzstan, contains information classified “confidential” and is redacted as “foreign government information” and “foreign relations or foreign activities of the United States, including confidential sources.” Blumenthal urges Clinton to “develop relations” with the new government in Kyrgyzstan.

These emails caused Judicial Watch founder Tom Fitton to call for the Department of Justice to re-open the investigation into Clinton’s use of a private email server during her time in office.

“These emails were undercovered from the emails that Hillary Clinton tried to delete or otherwise hide from the American people,” Fitton said in a video posted Thursday. “These new emails once again show why the Clinton email investigation needs to be re-opened by the Justice Department.”

The batch of emails also disclosed a January 26, 2010, email to Hillary Clinton’s private server from her deputy chief of staff, Jake Sullivan, that is classified “confidential” and contains a “call sheet” that Clinton received prior to a call with Northern Ireland political leaders.

Interesting, but not surprising, is also an email that shows a meeting scheduled between Hillary Clinton and leftwing billionaire George Soros.

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Doug Casey on Social Media: “Facebook enshrines stupidity”

“Just as Myspace was displaced by Facebook, I predict Facebook 2.0 will come along and replace Facebook.”

The Duran

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Authored by Joel Bowman via InternationalMan.com:


Joel Bowman: G’day, Doug. Thanks for speaking with us today.

Doug Casey: No problem, Joel. It’s a pleasure to hear your Australian accent come across the ether from Mexico.

Joel: Let’s dive right in. A week or two ago, Facebook registered the largest single day loss for any one company in stock market history – roughly $122 billion. CEO Mark Zuckerberg lost around $15 billion himself, as much as the annual GDP of several resource-rich, West African nations.

Looking back to 2000, during the go-go days of the dot.com boom, Intel and Microsoft both registered staggering single-day losses, too… $90 billion and $80 billion, respectively. And we know what happened next in that case…

So, investors want to know… is past prologue? What’s next for Silicon Valley’s tech darlings?

Doug: Talking about losing multiple billions in a single day, it’s really a sign of the times. I remember when the only billionaires in the world were Howard Hughes, John Paul Getty and John Beresford Tipton– the mythical billionaire on a 1950’s-era show called “The Millionaire.”

These days, however, it seems everyone’s a billionaire. In fact, there are several thousand billionaires roaming the planet today, with new ones being minted almost every day.

Of course, much of this so-called wealth is just paper. It’s not real. In fact, it’s pretty clear to me that we’re in a stock market bubble. Which is being driven by the bond market hyper-bubble. And that, in turn, is fueling a real estate bubble, which I believe is just now beginning to deflate in major cities around the world.

None of this augurs well for the stock market. You’ve got bubbles all over the place. Except in the resource market. That’s the one place that hasn’t inflated. In fact, it’s been going down since it’s last peak in 2011.

Getting back to Facebook, I hope it goes bankrupt. I hate it as an institution. I hate what it does. I don’t like its policies. I don’t like its management. I don’t like the fact that it’s causing people to destroy whatever privacy they have left. While turning their brains to mush sending out selfies all day.

Joel: You’ve put a lot on the table there, Doug. Let’s unpack a bit of that, starting with the general tendency toward cerebral rot…

Many younger readers may not remember this, but there actually existed a time before everybody knew everything, when people had to read books and discuss them, engage in healthy debate and rigorous dialectic in order to learn and develop intellectually.

Now that everyone apparently has plenty of time to Instagram their kale salads and “like” one and other’s cat pictures, are we to assume mankind has finally reached the End of Learning…some new Age of Enlightenment?

Or might Facebook and its (anti)social media cousins represent – in addition to the potential fallout for investors – another, hidden cost to society?

Doug: Perhaps humanity is bifurcating into the Morlocks and the Eloi at this point. It’s true that people used to go to libraries. But even the Library of Congress has only a tiny fraction the world’s data available; libraries are quaint and delightful, but they’re dinosaurs.

All the knowledge in the world is now at our fingertips on the Internet. The Internet is one of the greatest inventions in history, on a par with moveable type and the Gutenburg printing press. A few people are using it to educate and better themselves—but relatively few.

Most people just use it for trivial amusement, as you mentioned. Facebook adds very little value to the equation. In fact, I can’t see that it does much that’s productive. It’s basically a vehicle for gossip and watching cat videos.

Joel: And it’s less than that. Aside from the general degradation of public discourse, social media also represents a kind of unalterable historical record of bad jokes and regrettable moments, accessible to anyone who may wish to besmirch one’s character or skittle one’s reputation.

We’ve all said things we wish we hadn’t. To err is to be human, after all. What do you make of a world in which everyone’s worst moments are readily available to everyone else – including potential enemies – at the click of a mouse?

Doug: Facebook enshrines stupidity. A heavy Facebook user is, in effect, saying: “Look at me! I’m a thoughtless person who doesn’t have anything better to do with his time”. That’s on top of the fact that users are exposing their thoughts, actions, and whereabouts to the NSA, the FBI, the CIA and any of a hundred other nefarious agencies. In fact, there are credible allegations that Facebook, along with Google and Amazon, are willing tools of these intelligence agencies. No good can come of being a Facebookista.

But that’s about whether you should use Facebook. Whether you should own Facebook stock is a different question. Even after the recent selloff, Facebook still has a market cap of about $500 billion, which impresses me as a lot for a chat site cum advertising vehicle. Especially one where most of its growth is behind it. A lot of users are getting hip to the fact they’re not customers, they’re the product.

Facebook was a clever innovation ten years ago. But you know, there’s an old saying in the stock market: High Tech, Big Wreck!

Just as Myspace was displaced by Facebook, I predict Facebook 2.0 will come along and replace Facebook. My understanding is that kids now see Facebook as something used by old people– people over 21 years of age. So if it’s going nowhere with the younger generation, where’s it’s future? Maybe it picks up a billion new users in the Third World. Ultimately, what’s that worth?

Facebook may not be a terminal short sale, but I certainly won’t be putting any of my own money into the stock.

Joel: Assuming you’re correct and Facebook 2.0 does displace the current market leader, are you hopeful that such a platform may serve to promote a heightened level of discourse? Perhaps people might find their way into “phyles,” that is, subgroups based on commonly shared values that actually have real world meaning?

Doug: I hope that, in a year or two, International Man itself grows into a community of likeminded people with above average I.Q.s, libertarian values, and real world experience. IM might, itself, even branch off to become its own kind of Facebook. A private version.

I know there’s a lot of talk about regulating FB, or breaking it up. That’s a bad idea; the government should have zero to do with business in general—and areas related to free speech in particular. I’m disgusted by the fact FB has kicked Alex Jones and others off their platform. But they have a right to do so, as a private company. Although, on the other hand, they’re almost a creature of the State.

But that’s not an excuse for the government to “step in”. What will happen is that a newer, better Facebook lookalike—or a dozen of them—will replace them. FB will self-destruct. It’s a non-problem.

To be frank, you and I don’t really have that much in common with most of the 7.3 billion people on this planet. In fact, while I like many individual humans, I despise humanity in general. The more people you put together in a group, the more they act like chimpanzees. Big groups force down the lowest common denominator.

There’s some cause for optimism, but only on a person-to-person basis. I prefer the company of people who value free minds and free markets—and I suspect most people who are reading this now feel the same way.

Joel: That’s probably a very good note to end this conversation on, Doug. Thanks, as always, for taking the time.

Doug: Meanwhile, we’ll look for something with the potential of Facebook in 2008… and stay away from Facebook today.

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