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October surprise delivered in pipe bomb packages to Soros, Obama and other neo-liberal elite (Video)

The Duran Quick Take: Episode 6.

Alex Christoforou

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Outspoken critics of US President Donald Trump, and infamous neo-liberal globalists, Bill and Hillary Clinton, Barack Obama, Debbie Wasserman Schultz, George Soros, and Maxine Waters have each been the recipients of a pipe bomb package.

Neo-liberal mouthpiece, fake news CNN also received a pipe bomb delivered to it’s New York City newsroom headquarters on Wednesday morning.

The pipe bomb was addressed to former CIA chief, and Deep State Trump critic, John Brennan, who is actually a MSNBC paid commentator.

The pipe bomb curiously had the return address of Rep. Debbie Wasserman Schultz…the very same Wasserman Schultz who rigged the Democrat primaries in favor of Hillary Clinton.

The envelope containing the bomb had insufficient postage, and misspelled John Brennan’s name and the state ‘Florida’.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a quick look at a string of pipe bombs delivered to the leaders of the globalist, elitist ‘Trump resistance’, which is very curiously and conveniently timed a mere two weeks before US midterm elections.

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According to reports from RT, the former DNC chair Schultz’s office in Florida received a similar device. So did the congressional mailroom in Maryland, addressed to Rep. Waters (D-California). Another was sent to the home of former President Bill Clinton and his wife Hillary in Chappaqua, New York – and Barack and Michelle Obama’s residence in Washington, DC.

New York City Mayor Bill deBlasio and New York Governor Andrew Cuomo called the packages “an act of terrorism” at a press conference on Wednesday, placing them squarely in the context of the upcoming midterm elections. Leaders of Democrats in Congress, Sen. Chuck Schumer (D-New York) and Rep. Nancy Pelosi (D-California) blamed Trump’s “statements that condone acts of violence” and attack the press. CNN president Jeff Zucker also lashed out at the White House, denouncing Trump’s “continued attacks on the media.”

Democrat activists were quick to blame Trump and claim this was the work of his supporters, coining the hashtag “MAGAbomber.”

Some conservative commentators countered by saying that the timing of the bomb scare – just two weeks before the contentious midterm elections – suggested a Democrat play for sympathy, and that the vast majority of violent incidents over the past two years were aimed against Republicans.

Meanwhile George Soros’ son is openly blaming US President Trump for the string of bomb packages.

According to Zerohedge, in what must be one of the most rapidly written, edited, and published op-eds in New York Times history, Alexander Soros, son of billionaire globalist puppet-master George Soros, has penned a blame-scaping piece pointing directly at president Trump’s “politics of demonizing opponents” as responsible for the bombing of his father, The Clintons, The Obamas, and well anyone else who has received a suspicious package in the last few days and is not in any way right-leaning.

The article, with a title so ironic it has to be farce, “The Hate That Is Consuming Us” runs the gamut from‘saintly’ McCain defending Obama’s virtue in 2008 to President Trump and Prime Minister Orban’s “extremist fringes” to “the poison of anti-semitism” (which given many of the stories about his father’s behavior is somewhat surprising).

We strongly suggest removing all sharp objects and ensuring no fluids are present in your mouth before reading the following…

Via The New York Times:

On Monday afternoon an explosive device was delivered to my father’s home north of New York City. An alert member of our staff recognized the threat and called the police. Fortunately, the authorities were able to detonate the device safely. On Wednesday, the Secret Service said it had intercepted similar devices sent to the offices of former President Barack Obama and former Secretary of State Hillary Clinton.

We are all grateful that no one was injured, and grateful to those who kept us safe. But the incident was profoundly disturbing – as a threat not just to the safety of our family, neighbors, colleagues and friends, but also to the future of American democracy.

My family is no stranger to the hostilities of those who reject our philosophy, our politics and our very identity. My father grew up in the shadow of the Nazi regime in Hungary. My grandfather secured papers with false names so that they could survive the onslaught against Budapest’s Jews; he helped many others do the same. After the war, as the Communists took power, my father escaped to London, where he studied at the London School of Economics before embarking on what ultimately became a hugely successful career in finance.

But the lessons of his early life never left him. His biggest philanthropic endeavor, the Open Society Foundations, played a leading role in supporting the transition from Communism to more democratic societies in parts of the former Soviet Union and then expanded to protect democratic practices in existing democracies. My father acknowledges that his philanthropic work, while nonpartisan, is “political” in a broad sense: It seeks to support those who promote societies where everyone has a voice.

There is a long list of people who find that proposition unacceptable, and my father has faced plenty of attacks along the way, many dripping with the poison of anti-Semitism.

But something changed in 2016. Before that, the vitriol he faced was largely confined to the extremist fringes, among white supremacists and nationalists who sought to undermine the very foundations of democracy.

But with Donald Trump’s presidential campaign, things got worse. White supremacists and anti-Semites like David Duke endorsed his campaign. Mr. Trump’s final TV ad famously featured my father; Janet Yellen, chairwoman of the Federal Reserve; and Lloyd Blankfein, chairman of Goldman Sachs — all of them Jewish — amid dog-whistle language about “special interests” and “global special interests.”

A genie was let out of the bottle, which may take generations to put back in, and it wasn’t confined to the United States.

In Hungary, Prime Minister Viktor Orbán launched an anti-Semitic poster campaign falsely accusing my father of wanting to flood Hungary with migrants. This included plastering my father’s face onto the floor of trams in Budapest so that people would walk on it, all to serve Mr. Orbán’s political agenda.

Now we have attempted bomb attacks. While the responsibility lies with the individual or individuals who sent these lethal devices to my family home and Mr. Obama’s and Ms. Clinton’s offices, I cannot see it divorced from the new normal of political demonization that plagues us today.

I am under no illusion that the hatred directed at us is unique. There are too many people in the United States and around the world who have felt the force of this malign spirit. It is now all too “normal” that people who speak their minds are routinely subjected to personal hostility, hateful messages on social media and death threats.

It is also all too normal that organizations doing important pro-democracy work face existential threats simply because they accept support from the foundations my father started. And all too normal that political leaders who swear an oath of office to protect all citizens instead pursue politics of division and hate.

We are far removed from the days when Senator John McCain rebuffed his own supporters during the 2008 election to patriotically defend his opponent, Mr. Obama — all because he believed that the health of our democracy was more important than his personal political gain.

We must find our way to a new political discourse that shuns the demonization of all political opponents. A first step would be to cast our ballots to reject those politicians cynically responsible for undermining the institutions of our democracy. And we must do it now, before it is too late.

Alexander Soros is the deputy chairman of the Open Society Foundations.

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john vieiraCudwieserTheCelotajs Recent comment authors
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TheCelotajs

Alexander Soros is a good one to be speaking he is just like George Soros and just as mad.

Cudwieser
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Cudwieser

But much younger with a lot to prove. What a tragedy if he was ‘deposed’.

john vieira
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It would not surprise me if he turns out to be the “author” of this “trumped up” bomb ‘scare(?)’….

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Macron pisses off Merkel as he tries to sabotage Nord Stream 2 pipeline (Video)

The Duran – News in Review – Episode 177.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss an EU compromise for Nord Stream 2 where EU member states, the EU Parliament, and its Commission will give the bloc more oversight on gas pipelines, with one caveat…the Nord Stream 2 project with Russia will not be threatened by the new regulations in the agreement.

Macron pushed hard to have the new regulations include (and derail) Nord Stream 2, an action which annoyed Angela Merkel, who eventually got her way and delivered another blow to Macron’s failing French presidency.

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Via The Express UK

Angela Merkel hit back at Emmanuel Macron over Russia and Germany’s pipeline project, declaring it would “not be a one-sided dependency”. The German Chancellor explained that Germany will expand its gas terminals with “liquified gas”. Speaking at a press conference, Ms Merkel declared: “Do we become dependent on Russia because of this second gas pipeline? I say no, if we diversify. Germany will expand its gas terminals with liquefied gas.

“This means that we do not want to depend only on Russia, but Russia was a source of gas in the Cold War and will remain one.

“But it would not be one-sided dependency.”

Via DW

The EU parliament and its Council are set to adopt new regulations on gas pipelines connecting the bloc members with non-EU countries, the EU Commission announced early on Wednesday.

The upcoming directive is based on a compromise between EU member states and EU officials in Brussels. The bloc leaders agreed to tighten Brussels’ oversight of gas delivery and expand its rules to all pipelines plugging into the EU’s gas distribution network.

“The new rules ensure that… everyone interested in selling gas to Europe must respect European energy law,” EU Energy Commissioner Miguel Arias Canete said in a statement.

For example, owners of pipelines linking EU and non-EU countries would also be required to allow access for their competitors. Brussels would also have more power regarding transparency and tariff regulations.

Russian ambassador slams US

Brussels has repeatedly expressed concern over the controversial Nord Stream 2 project which would deliver Russian gas directly to Germany through a pipeline under the Baltic Sea. Many EU states oppose the mammoth project, and the US claims it would allow Moscow to tighten its grip on the EU’s energy policy.

Berlin has insisted that the pipeline is a “purely economic” issue.

Speaking to Neue Osnabrücker Zeitung daily, Russian ambassador to Berlin, Sergey Nechayev, slammed the US’ opposition as an attempt to “push its competition aside” and clear the way for American suppliers of liquefied gas.

“It’s hard to believe that a country that is destroying the rules of free and fair trade, that is imposing import tariffs on its competition, that is flying slogans like ‘America First’ on its flags and often threatens biggest European concerns with illegal sanctions, is now really concerned about European interests,” the Russian envoy said in remarks published in German on Wednesday.

Last week, France unexpectedly rebelled against the project, but Berlin and Paris soon reached a compromise. Thanks to their agreement, the latest deal is not expected to impede the ongoing construction of Nord Stream 2.

Citing sources from negotiators’ circles, German public broadcaster ARD reported that the deal left room for Germany to approve exceptions from the EU-wide rules.

According to the EU Commission, however, exceptions are “only possible under strict procedures in which the Commission plays a decisive role.”

The Gazprom-backed pipeline is set to be completed by the end of the year.

 

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UK Defence Secretary looking for a fight with both China and Russia (Video)

The Duran Quick Take: Episode 87.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss UK Defence Secretary Gavin Williamson’s idea to deploy hard power against China and Russia, starting with plans to send Britain’s new aircraft carrier to the tense sea routes in the South China Sea.

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“Britain’s Gavin Williamson places Russia & China on notice, I’m not joking,” authored by John Wight, via RT

UK Defence Secretary Gavin Williamson is itching for conflict with Russia and China. He’s not mad. Not even slightly. But he is stupid. Very.

Unlike former fireplace salesman Gavin Williamson, I am no military expert. But then you do not need to be one to understand that while Britain going to war with Russia and China might work as a video game, the real thing would be an exceedingly bad idea.

So why then in a speech delivered to the Royal United Services Institute in London, did Mr Williamson’s argument on the feasibility of the real thing elicit applause rather than the shrieks of horror and demands he be sacked forthwith it should have? This is a serious question, by the way. It is one that cuts through British establishment verbiage to reveal a country ruled not by the sober and doughty political heavyweights of years gone by, but by foaming fanatics in expensive suits

Placing to one side for a moment the insanity of the very concept of Britain deploying hard power against Russia and/or China, the prospect of fighting a war against two designated enemies at the same time is a recipe for disaster. Not satisfied with that, though, Mr Williamson is actually contemplating a conflict with three different enemies at the same time – i.e. against Russia, China, and the millions of people in Britain his government is currently waging war against under the rubric of austerity.

“Today, Russia is resurgent,” Mr Williamson said, “rebuilding its military arsenal and seeking to bring the independent countries of the former Soviet Union, like Georgia and Ukraine, back into its orbit.”

For Mr Williamson and his ilk a resurgent Russia is a bad thing. Much better in their eyes if Russia, after the Soviet era in the 1990s, had remained on its knees as a free market desert; its state institutions in a state of near collapse and tens of millions of its citizens in the grip of immiseration. Yes, because in that scenario Western ideologues like him would have had free rein to rampage around the world as they saw fit, setting fire to country after country on the perverse grounds of ‘saving them’ for democracy.

As it is, he and his still managed to squeeze in a considerable amount of carnage and chaos in the years it did take Russia to recover. The indictment reads as follows: Yugoslavia destroyed; Afghanistan turned upside down; Iraq pushed into the abyss; Libya sent to hell.

By the time they turned their attention to Syria, intent on exploiting an Arab Spring that NATO in Libya transformed into an Arab Winter, Russia had recovered and was able to intervene. It did so in concert with the Syrian Arab Army, Iran and Hezbollah to save the day – much to the evident chagrin of those who, like Gavin Williamson, prefer to see countries in ashes rather than independent of Western hegemony.

As to the facile nonsense about Russia trying to bring Georgia and Ukraine back into its orbit, both countries happen to share a border with Russia and both countries, in recent years, have been used by the UK and its allies as cat’s paws with the eastward expansion of NATO in mind.

It gets worse though: “The Alliance must develop its ability to handle the kind of provocations that Russia is throwing at us. Such action from Russia must come at a cost.”

“Provocations,” the man said. Since British troops have been taking part in exercises on Russia’s doorstep, not the other way round, one wonders if Gavin Williamson wrote this speech while inebriated.

It is Russia that has been on the receiving end of repeated provocations from NATO member states such as the UK in recent times, and it is Russia that has been forced to respond to protect its own security and that of its people where necessary. Furthermore, not only in Russia but everywhere, including the UK, people understand that when you have political leaders intoxicated by their own national myths and propaganda to such an extent as Britain’s Defence Secretary, danger ensues.

The most enduring of those national myths where London is concerned is that the British Empire was a force for good rather than a vast criminal enterprise, that Britain and America won the Second World War together alone, that Iraq had WMDs, and that international law and international brigandage really are one and the same thing.

Perhaps the most preposterous section of the speech came when Mr Williamson tried to fashion a connection between Brexit and Britain’s military strength: “Brexit has brought us to a moment. A great moment in our history. A moment when we must strengthen our global presence, enhance our lethality, and increase our mass.”

Reading this, you can almost hear Churchill turning in his grave. Britain’s wartime prime minister had such as Gavin Williamson in mind when he famously said, “He has all the virtues I dislike, and none of the vices I admire.”

Mr Williamson obviously misread the memo talking up not the opportunity for increased conflict with China after Brexit but trade.

This was not a speech it was a linguistic car crash, one that will forever command an honoured place in compendiums of the worst political speeches ever made. As for Gavin Williamson, just as no responsible parent would ever dream of putting an 10-year old behind the wheel of car to drive unsupervised, no responsible British government would ever appoint a man like him as its Defence Secretary.

In years past, he would have struggled to find employment polishing the brass plate outside the building.

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The Birth Of A Monster

The banking establishment welcomed the Fed with open arms. What gives?

The Duran

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Authored by David Howden via The Mises Institute:


The Federal Reserve’s doors have been open for “business” for one hundred years. In explaining the creation of this money-making machine (pun intended – the Fed remits nearly $100 bn. in profits each year to Congress) most people fall into one of two camps.

Those inclined to view the Fed as a helpful institution, fostering financial stability in a world of error-prone capitalists, explain the creation of the Fed as a natural and healthy outgrowth of the troubled National Banking System. How helpful the Fed has been is questionable at best, and in a recent book edited by Joe Salerno and me — The Fed at One Hundred — various contributors outline many (though by no means all) of the Fed’s shortcomings over the past century.

Others, mostly those with a skeptical view of the Fed, treat its creation as an exercise in secretive government meddling (as in G. Edward Griffin’s The Creature from Jekyll Island) or crony capitalism run amok (as in Murray Rothbard’s The Case Against the Fed).

In my own chapter in The Fed at One Hundred I find sympathies with both groups (you can download the chapter pdf here). The actual creation of the Fed is a tragically beautiful case study in closed-door Congressional deals and big banking’s ultimate victory over the American public. Neither of these facts emerged from nowhere, however. The fateful events that transpired in 1910 on Jekyll Island were the evolutionary outcome of over fifty years of government meddling in money. As such, the Fed is a natural (though terribly unfortunate) outgrowth of an ever more flawed and repressive monetary system.

Before the Fed

Allow me to give a brief reverse biographical sketch of the events leading up to the creation of a monster in 1914.

Unlike many controversial laws and policies of the American government — such as the Affordable Care Act, the Troubled Asset Relief Program, or the War on Terror — the Federal Reserve Act passed with very little public outcry. Also strange for an industry effectively cartelized, the banking establishment welcomed the Fed with open arms. What gives?

By the early twentieth century, America’s banking system was in a shambles. Fractional-reserve banks faced with “runs” (which didn’t have to be runs with the pandemonium that usually accompanies them, but rather just banks having insufficient cash to meet daily withdrawal requests) frequently suspended cash redemptions or issued claims to “clearinghouse certificates.” These certificates were a money substitute making use of the whole banking system’s reserves held by large clearinghouses.

Both of these “solutions” to the common bank run were illegal as they allowed a bank to redefine the terms of the original deposit contract. This fact notwithstanding, the US government turned a blind eye as the alternative (widespread bank failures) was perceived to be far worse.

The creation of the Fed, the ensuing centralization of reserves, and the creation of a more elastic money supply was welcomed by the government as a way to eliminate those pesky and illegal (yet permitted) banking activities of redemption suspensions and the issuance of clearinghouse certificates. The Fed returned legitimacy to the laws of the land. That is, it addressed the government’s fear that non-enforcement of a law would raise broader questions about the general rule of law.

The Fed provided a quick fix to depositors by reducing cases of suspensions of their accounts. And the banking industry saw the Fed as a way to serve clients better without incurring a cost (fewer bank runs) and at the same time coordinate their activities to expand credit in unison and maximize their own profits.

In short, the Federal Reserve Act had a solution for everyone.

Taking a central role in this story are the private clearinghouses which provided for many of the Fed’s roles before 1914. Indeed, America’s private clearinghouses were viewed as having as many powers as European central banks of the day, and the creation of the Fed was really just an effort to make the illegal practices of the clearinghouses legal by government institutionalization.

Why Did Clearinghouses Have So Much Power?

Throughout the late nineteenth century, clearinghouses used each new banking crisis to introduce a new type of policy, bringing them ever closer in appearance to a central bank. I wouldn’t go so far as to say these are examples of power grabs by the clearinghouses, but rather rational responses to fundamental problems in a troubled American banking system.

When bank runs occurred, the clearinghouse certificate came into use, first in 1857, but confined to the interbank market to economize on reserves. Transactions could be cleared in specie, but lacking sufficient reserves, a troubled bank could make use of the certificates. These certificates were jointly guaranteed by all banks in the clearinghouse system through their pooled reserves. This joint guarantee was welcomed by unstable banks with poor reserve positions, and imposed a cost on more prudently managed banks (as is the case today with deposit insurance). A prudent bank could complain, but if it wanted to use a clearinghouse’s services and reap the cost advantages it had to comply with the reserve-pooling policy.

As the magnitude of the banking crisis intensified, clearinghouses started permitting banks to issue the certificates directly to the public (starting with the Panic of 1873) to further stymie reserve drains. (These issues to the general public amounted to illegal money substitutes, though they were tolerated, as noted above.)

Fractional-Reserve Free Banking and Bust

The year 1857 is a somewhat strange one for these clearinghouse certificates to make their first appearance. It was, after all, a full twenty years into America’s experiment with fractional-reserve free banking. This banking system was able to function stably, especially compared to more regulated periods or central banking regimes. However, the dislocation between deposit and lending activities set in motion a credit-fueled boom that culminated in the Panic of 1857.

This boom and panic has all the makings of an Austrian business cycle. Banks overextended themselves to finance the booming industries during America’s westward advance, primarily the railways. Land speculation was rampant. As realized profits came in under expectations, investors got skittish and withdrew money from banks. Troubled banks turned to the recently established New York Clearing House to promote stability. Certain rights were voluntarily abrogated in return for a guarantee on their solvency.

The original sin of the free-banking period was its fractional-reserve foundation. Without the ability to fund lending activity with their deposit base, banks never would have financed the boom to the extent that it became a destabilizing factor. Westward expansion and investment would still have occurred, though it would have occurred in a sustainable way funded through equity investments and loans. (These types of financing were used, though as is the case today, this occurred less than would be the case given the fractional-reserve banking system’s essentially cost-free funding source: the deposit base.)

In conclusion, the Fed was not birthed from nothing in 1913. The monster was the natural outgrowth of an increasingly troubled banking system. In searching for the original problem that set in motion the events culminating in the creation of the Fed, one must draw attention to the Panic of 1857 as the spark that set in motion ever more destabilizing policies. The Panic itself is a textbook example of an Austrian business cycle, caused by the lending activities of fractional-reserve banks. This original sin of the banking system concluded with the birth of a monster in 1914: The Federal Reserve.

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