When Russia launched its illegal war of territorial aggression against Ukraine in February of 2022, many observers thought western financial sanctions would quickly crash the Russian economy. When Russia was cut out of SWIFT, the Ruble plunged to below a penny against the dollar, but quickly recovered, at least a bit.
Due to various reasons (gas and oil sales, gold transfers, and the many loopholes EU countries have made for their sanctions), Russia’s economy hasn’t collapsed as quickly as many expected, or hoped.
Russia’s central bank called an extraordinary meeting Tuesday after the ruble crashed through the level of 100 to the dollar for the first time since March of last year as Russia’s war in Ukraine drags on and international sanctions hit trade.
Policy makers will publish a statement on the key rate at 10:30 a.m. after the meeting, the Bank of Russia said in a statement, without giving any further details. The central bank hiked its key rate by a percentage point to 8.5% last month, the first increase since emergency measures imposed immediately after the invasion of Ukraine in February 2022.
The exchange rate has emerged as the barometer of health for an economy battered by shrinking export revenues and its isolation from international financial markets, bringing infighting between the government and central bank into the open.
The ruble reversed losses after the announcement, traded up 1.8% at 97.6625 at 7 p.m. in Moscow. The currency, which had broken through 101 earlier on Monday, has weakened about 27% this year for the third-worst performance in emerging markets. The central bank had sought to arrest the slump by saying it won’t purchase foreign currency on the domestic market for the rest of 2023.
Yeah, no one trusts Russia to hold adequate foreign currency reserves a year and a half into sanctions. So that move doesn’t help.
Lots of meaningless Russian “economy is great” blather snipped.
Revenues of Russian oil and gas exporters declined to $6.9 billion in July from $16.8 billion in the same period last year, according to the latest central bank data. An easing of restrictions on moving money abroad has also led to accelerated capital flight as Russians race to shift funds into foreign accounts.
“The weakening of the ruble is the result of the international screws tightening around the Russian economy, but also the cost of keeping the economy going,” said Erik Meyersson, chief emerging-market strategist at SEB AB in Stockholm. “Nobody wants to hold rubles, and the limited supply of foreign exchange from exporters weighs on the currency.”
Of course, Russia could get out of it’s self-imposed monkey trap by withdrawing its forces from all occupied Ukrainian territory. But I don’t think anyone is hold their breath for that to happen…
I didn’t intend to do an all “China is Screwed” video roundup weekend, but the videos keep stacking up and I need to post some rather than producing a giant unwieldy post with hours of footage.
First up: Young people’s whose job prospects and futures are so dim that they’re actually living in concrete pipes.
Takeaways:
Certainly America has no shortage of transients living rough, but in contrast to ragged drug addicts, alcoholics and dangerous lunatics, the people living in these pipes look to be normal, healthy 20-something Chinese.
Just because you’re living in a concrete pipe doesn’t mean you can’t be a live-streamer. Like the under-the-bridge streamers seen in previous videos, you wonder how widespread this behavior is, or whether we’re just seeing the edge of the freak show.
“Despite the female hosts not being beautiful and the male hosts not handsome, it doesn’t affect viewership.” I do rather want to check their numbers, here.
“This is because it’s happening in the industrial city known as the world’s factory – Dongguan in Guangzhou.” It’s on the Pearl River Delta near Guangzhou and Hong Kong. “After more than thirty years of China’s reform and opening up, Dongguan, which has always been at the forefront of economic development, has recently seen a wave of business closures and foreign capital relocation.” See also: all those previousChina is screwed videos.
“When foreign capital withdraws, thousands of Chinese workers lose their jobs. Among these people, some have worked in factories for decades and are now middle-aged. It’s overwhelming to be suddenly faced with unemployment and consequential cost-of-living pressures, coupled with labor competition against millions of university graduates.” I’m sure that sucks, just like getting laid off here sucks. But in a capitalist economy, even a flawed one like we have, is always going to be more flexible about creating jobs that one ruled by a communist party’s aristocracy of pull.
“Those who are single simply adapt to homelessness, creating their own personal space amongst the concrete pipes.” Or, you could have, you know, lived modestly, saved money, and shared housing with other people. The fact they haven’t gone this route and are instead living in pipes suggests something in the Chinese economy is even more broken than we think.
Foreign companies like Microsoft and Nokia are now moving to Vietnam and India. “Japanese companies like Panasonic, Daikin, Sharp, and TDK are planning to move their manufacturing bases back to Japan. Well-known companies like Uniqlo, Nike, Funai Electric, Samsung, and others are also accelerating their withdrawal from China.”
Like industry is also fleeing from elsewhere in China.
“The once bustling Bund in Shanghai is now overgrown with weeds due to lack of maintenance and tourism, presenting a scene of desolation. Everywhere in Shanghai’s luxury residential communities, there are messages about subleasing and selling at a loss. The elites, celebrities, and tycoons left Shanghai at the first chance they got after the lifting of the lockdown. The political uncertainty in China and the frequent changes in regulatory clauses by the authorities have made entrepreneurs miserable.” Communists making entrepreneurs miserable? This is my shocked face.
“Domestic entrepreneurs are reluctant to invest further, and foreign investors are hastening their departure.”
Various Chinese company specific layoffs and financial difficulties snipped.
“Wall Street leading figures, after enjoying three years of benefits from the broad opening of China’s financial market, are planning large-scale cuts to projects and staff in China…Goldman Sachs has lowered its five-year plan expectations, and Morgan Stanley has decided not to set up a securities dealer in China, reducing its derivative and futures business investment to $150 million. JPMorgan Chase & Co. began cutting its dedicated staff in China earlier this year.” There’s not a violin small enough.
In a capitalist economy, there would be some sort of middle ground between the empty ghost cities and people living in pipes near megalopolises. If you don’t regulate the economy so heavily as to make building housing impossible (I’m looking at you, California and NYC), then profit will drive developers to create housing to fill a market need. With China’s crazy misallocation of loans to unprofitable housing to satisfy regional government growth targets, supply has been so severed from demand that such market-making is impossible.
China is going to come out of it’s decades-long growth spurt with crumbling cities and people that mostly are still poor.
Still more Biden corruption comes to light, Yellow goes belly-up, things get worse in China, and a truly horrifying food discovery. It’s the Friday LinkSwarm!
The Biden family and its business associates received millions of dollars from oligarchs in Russia, Kazakhstan, and Ukraine while Joe Biden was vice president, according to bank records obtained by the House Oversight Committee.
With the new payments included, the committee says it has now identified more than $20 million in payments from foreign sources to the Biden family and their business associates. Those foreign sources include not only the three aforementioned countries, but also China and Romania as well.
Hunter Biden’s former business associate Devon Archer previously testified that then-Vice President Biden joined roughly 20 phone calls on speakerphone with Hunter Biden’s foreign business associates and attended dinners with foreign oligarchs who paid large sums of money to Hunter Biden.
The foreign funds were sent to accounts tied to Devon Archer that used the Rosemont Seneca name and were then doled out in incremental payments to Hunter Biden, the records show, in what the committee suggests was an attempt to hide the source and size of the payments.
Those payments included $3.5 million sent from Russian billionaire Yelena Baturina to the shell company Rosemont Seneca Thornton in February 2014. Roughly $1 million was transferred to Devon Archer, while the rest was used to fund a new account Rosemont Seneca Bohai, which was used by both Archer and Hunter Biden to receive other foreign wires.
After Baturina sent the massive sum to Rosemont Seneca Thornton, then-Vice President Joe Biden attended dinner with Baturina, Archer, Hunter Biden, and others at Cafe Milano in Washington, D.C.
Then-Vice President Joe Biden attended dinners with Hunter Biden; Archer; Baturina; Burisma executives; and Kenes Rakishev, a Kazakhstani oligarch, in the spring of 2014 and 2015 at Cafe Milano.
In February 2014, Hunter Biden met with Rakishev at the Hay Adams Hotel in Washington, D.C. In emails to Archer discussing the D.C. meeting, Rakishev, who was a director at Kazakhstan’s state-owned oil company KazMunayGas, asked that then-Secretary of State John Kerry visit Kazakhstan. Archer said, “if we have some business started as planned I will ensure its planned soonest.”
So members of the extended Biden business family were asking the Secretary of State of the United States of America to visit a foreign country so the Biden clan could do business. Are all American institutions now corrupted for the sole purpose of enriching Democratic Party insiders?
In April 2014, Rakishev wired $142,300 to the Rosemont Seneca Bohai account. The figure amounted to the exact price of Hunter Biden’s sports car that the account purchased one day later.
After receiving the payment, Archer and Biden arranged for executives at Ukrainian natural gas company Burisma to visit Kazakhstan in June 2014 to discuss a deal between Burisma, a Chinese state-owned company, and the government of Kazakhstan. Rakishev had a working relationship with Karim Massimov, who became prime minister in April 2014. Earlier this year, Massimov was sentenced to 18 years in prison for treason, abuse of power, and attempting a coup.
Also in spring 2014, Archer and Biden joined the Burisma board of directors at a salary of $1 million per year each. President Biden visited Ukraine soon after Archer and the younger Biden received their first payments — payments that were sent to Rosemont Seneca Bohai and later sent in incremental amounts to Hunter Biden’s different bank accounts.
The committee confirmed IRS whistleblower testimony that Archer and Hunter Biden received $6.5 million in funds from Burisma, which is owned by Mykola Zlochevsky, a Ukrainian oligarch who bribed officials $6 million over the investigation into the natural gas company.
Archer told the committee last week that Hunter Biden’s value on Burisma’s board was “the brand.” Archer said then-vice president Biden was “the brand.”
“Burisma would have gone out of business if ‘the brand’ had not been attached to it,” Archer said, according to the committee.
We can’t let corrupt foreign companies that keep Hunter in cocaine go tits-up, can we?
Text messages that have recently been given to the FBI show that a Chinese energy company sought to utilize its connections to Hunter Biden in order to purchase domestic energy assets within the United States.
According to Just The News, the text exchange in question took place between two of Hunter’s business partners, James Gilliar and Tony Bobulinski, on Christmas Eve of 2015. This exchange was shortly after Hunter had first been told about the conglomerate, CFEC China Energy, led by wealthy businessman Ye Jianming.
“I think this will then be a great addition to their portfolios as it will give them a profile base in NYC, then LA, etc,” said Gilliar in the text message. “For me it’s a no brainer but culturally they are different, but smart so let’s see. … Any entry ticket is small for them. Easier and better demographic than Arabs who are little anti US after trump.”
This evidence further supports the bombshell claims made by another former business partner of Hunter, Devon Archer, in closed-door testimony before Congress earlier this week. Archer testified that Joe and Hunter Biden both actively sought to promote their “influence” to potential foreign partners, and that the two of them were considered a package deal in efforts to sell the “brand” of their family name and political power while Joe was Vice President.
According to calendar schedules from his abandoned laptop, Hunter eventually did have a meeting with CEFC Executive Director Jianjun Zang in December of 2015. By March of 2016, two of Hunter’s business partners, Gilliar and Rob Walker, drafted a memo for Hunter to sign and send to CEFC, to which Hunter agreed.
The text messages, exchanged between 2015 and 2017, eventually reveal that CEFC simply hoped to gain “influence” through its partnership with the Bidens, in order to eventually enter the American energy market with the purchase of energy assets in America and elsewhere in the West.
“Still closing the perimeters of ops with the Chinese, will know Thursday if we are driving U.S. investments,” Gilliar wrote to Bobulinski in May of 2016, adding that things might be “still a little premature.”
Want to know who funded that dirty Chinese bioloab in California? Would you believe Gavin Newsom?
Yellow files for bankruptcy, citing union contracts. Look how they shine for you. And all the things that you do…
Judge slams Southwest Airlines for ignoring ruling over firing an employee for daring to have wrongthink on abortion. “The judge said the airline acted as if its own policy limiting what employees can say is more important than a federal law protecting religious speech.” (Hat tip: Sarah Hoyt at Instapundit.)
Teacher who made racist statements and bragged about how she couldn’t be fired fired. (More.)
Remember all the fanfare over the U.S. sending Abrams tanks to Ukraine? Supposedly in time for the much vaunted Spring Offensive?
That didn’t happen. Evidently the usual Biden Administration competency was in play. But now the allotment of M1A1 Abrams tanks (not the M1A2s previously discussed) are finally ready to be shipped over.
The first batch of Abrams tanks that the U.S. is providing to Ukraine was approved for shipment over the weekend, and the tanks remain on track to arrive in Ukraine by early Fall, Army Acquisition Chief Doug Bush told reporters on Monday.
“The last of the set was officially accepted by the U.S. government or the production facility over the weekend. So they are done,” said Bush. The 31 Abrams tanks destined for Ukraine – older M1A1 variants – had been undergoing refurbishment and preparation for shipment for months.
Though the tanks are ready, they still have to be shipped overseas and sent to Ukraine, “along with all of the things that go with them – ammunition, spare parts, fuel equipment, repair facilities,” Bush said. “So it’s not just the tanks.”
The goal, said Bush, remains to get the Abrams tanks to the unit level by “early Fall.” He did not give a specific date or even month. Last month, Politico reported that the tanks would arrive on the battlefield in September.
Helping Ukraine repel Russia’s illegal war of territorial aggression has frequently been cited as a top priority by members of the Biden Administration,a cause in whose over $46 billion in military aid has been sent. Given that the UK’s Challenger 2 tanks arrived in Ukraine in March, it would seem like the Biden Administration hasn’t treated their pledge of Abrams tanks with any urgency.
To be sure, several U.S. weapon systems (HIMARS, Patriot, Excalibur and various drones) have proven absolutely vital in letting Ukraine resist the Russian invasion. But for something the U.S. defense establishment, and just about all our NATO allies, view as a top priority, the Pentagon as been quite sluggish at getting them tanks. A cynic might wonder if it’s because, being drawn from existing stocks, sending them M1A1s doesn’t grease enough Beltway Bandit palms.
Given how long it will take to train Ukrainians on them, maybe they’ll be available for the 2024 Spring Offensive…
No indication yet that this was a Ukrainian rocket attack, drone attack, or even partisan sabotage. But it sounds militarily significant.
Local officials in Russia say an explosion at an optical plant in the city of Sergiyev Posad, about 70 kilometers outside Moscow, killed one person and injured at least 43 people on August 9.
Five of the injured are in intensive care with serious burns or head injuries, according to the city administration’s Telegram account. Some of the 43 people admitted to a regional hospital have shrapnel injuries, it said.
Officials at the city’s central hospital said that a woman had succumbed to wounds sustained in the blast.
Independent Telegram channel Baza shared images of a tall cloud of smoke and identified the site as the Zagorsk Optical and Mechanical Plant, which produces night-vision and other optical devices for the military.
Russian officials later confirmed the location.
Russian news agency TASS has quoted the emergency services as rejecting assertions on social media that the cause of the blast was a drone attack.
That speculation has been fueled by months of remote attacks in Russia that Moscow blames on Kyiv along with Russian reports it “thwarted” two fresh drone attacks near Moscow overnight.
TASS said the blast happened where pyrotechnics were being kept and destroyed a 1,600-square-meter warehouse.
An unexplained fire damaged the same Zagorsk plant in June 2022.
Seemed to blow up real good:
You can’t trust TASS, and it’s entirely possible that it’s your standard negligent Russian military industrial accident. But why would you store pyrotechnics next to an optics factory?
Almost immediately, the rifles were plagued with problems. The L86A1’s bipod tended to fail to lock, were weak, and generally crappy. Additionally, the plastic melted when it interacted with bug repellant, and the metal rusted easily. The weapons were found to be unreliable in both arctic and desert environments.
The SA80 family used stamped steel, which the Brits had experience with in the form of the Sten gun. However, the Sten had much lower tolerances than the SA80. The tighter tolerances required more skilled labor and better machinery. This led to tons of waste and slow production of the SA80 family of rifles and squad support weapons.
Their first trial by combat came to be in the Gulf War and then later in African operations. It’s tough to say anything nice about these weapons’ performance in the desert. Both the L85A1 and L86A1 proved to be unreliable. The L85A1 worked best on fully automatic, and the L86A1 worked best on semi-auto. This created was the inverse of how the weapons were intended to be used.
The polymer furniture fell apart easily. The magazines and the magazine catch proved problematic. It was too easy to access and would cause soldiers to accidentally drop magazines. The top cover catch required tape to hold it in place. The weapons needed to be kept incredibly clean and could deform if gripped too hard.
The weapon overheated quickly, the firing pin was fragile and broke easily, and dirt could accumulate behind the trigger and prevent it from being pulled. The safety selector could swell when it got wet and render the weapon useless. SAS operator and Gulf War commando Chris Ryan stated that the SA80 was “poor-quality, unreliable weapons at the best of times, prone to stoppages, and it seemed pretty tough to have to rely on them.”
It’s easy to see why the rifles sucked. The British Ministry of Defence commissioned a report that stated,
“The SA80 did not perform reliably in the sandy conditions of combat and training. Stoppages were frequent despite the considerable and diligent efforts to prevent them. It is extremely difficult to isolate the prime cause of the stoppages.
It is, however, quite clear that infantrymen did not have CONFIDENCE in their personal weapons. Most expected a stoppage in the first magazine fired. Some platoon commanders considered that casualties would have occurred due to weapon stoppages if the enemy had put up any resistance in the trench and bunker clearing operations.
Even discounting the familiarisation period of desert conditions, when some may have still been using the incorrect lubrication drill, stoppages continued to occur.”
Commenter BigFire noted that Ian McCollum had done a video on the weapon, and he’s no less scathing:
“Can you hear that? I can hear it. That’s the sound of every former British service member cringing at the mere sight of this rifle. And it’s so loud you can hear it over the internet.”
“This is, probably more so than any other firearm in current service, a giant scandal of plastic and metal.”
They started with a proprietary 4.85mm cartridge, but eventually went with 5.56 NATO. Brits didn’t go with the M16 because they wanted a bull-pup (and presumably because they wanted to make them domestically).
Desert Storm: “The guns really performed poorly in the sand. And there was a report that was written detailing all of these problems and submitted to MOD in the aftermath of Desert Storm. And it got leaked to the public. And this document basically said, ‘These guns are a piece of junk, and they never work.'”
The Brits turned to Heckler & Koch (which was actually owned by a British company at the time) to fix the weapon. “And they came up with just a couple things to fix, namely everything. In the rebuild they either replaced or redesigned the bolt, the gas piston, the gas block, the front trunnion, the hammer, all of the springs, pretty much all of the pins, the magazine release, and the furniture [stock, grip and handguard], and the charging handle, and probably a couple other things that I’ve forgetting about. They basically kept the receivers as a shell and replaced everything else inside them.”
“They rebuilt about 200,000 of these rifles into what became known as the L85A2 configuration, for the cost of about £92 million.”
“They had far more problems than the M16 did in Vietnam, and yet still to this day we hear about the M16 being an unreliable piece of junk, because of some limited issues that were actually pretty easily fixed in the early days of Vietnam. Well, the L85 had much more substantial and severe problems to begin with. And even though the A2 appears to be a pretty darn good gun now, its reputation is dead forever … because of how bad the A1 was.”
Making simple weapons that can be turned out on prosumer grade CNC machines gets easier and easier every year, but designing automatic weapons that reliably work across a wide range of combat situations is still hard…
Ukraine is stepping up it’s naval drone game, as they just hit a Russian tanker.
A Ukrainian sea drone full of explosives struck a Russian fuel tanker overnight near a bridge linking Russia to annexed Crimea, the second such attack in 24 hours, both sides said on Saturday.
No one was hurt, but the Crimean Bridge and ferry transport were suspended for several hours, according to Russian-installed officials in Crimea, which Moscow seized from Ukraine in 2014.
A Ukrainian intelligence source told Reuters that the drone with 450 kg of explosives hit the SIG vessel as it transported fuel for the Russian military in Ukrainian territorial waters.
“The tanker was well loaded with fuel, so the ‘fireworks’ were seen from afar,” the source said, of the joint operation by Ukraine’s navy and security service.
Kyiv says destroying Russia’s military infrastructure inside Russia or on Russian-controlled territory in Ukraine is crucial to its counteroffensive after the February 2022 invasion.
Another sea drone attack on Russia’s navy base at Novorossiysk damaged a warship on Friday, the first time the Ukrainian navy had projected its power so far from its shores.
Suchomimus has two separate videos up about the attack, the second of which includes footage of the strike itself:
To me one of the interesting things in that video is not about the attack itself, but the sat pic 25 seconds in that shows over a dozen ships anchored some 20km south of the Kerch Strait Bridge. I don’t know why they’re doing that (Escorting them one at a time through the strait? Port capacity?), but an anchorage area like that offers a target-rich environment now that we know Ukraine has the capability to hit it.
That video shows a guided rather than pre-programmed drone, as it corrects course to hit the tanker.
In the second video, Suchomimus also covers the various Black Sea naval assets Russia might have to employ to defend against naval drone attacks. The choices are limited, and some of the ships they have available seem unsuited to the task. And a few that are suitable will have to be taken off duty firing Kalibr missiles at Ukrainian civilian infrastructure.
Of all the weapons China is developing, gyrocopters rank very low among those I’m worried about. In truth, I wasn’t even aware they had them until this video popped up in my feed:
The gyrocopter, AKA the autogyro, was a funky forerunner to the helicopter with unpowered rotor blades combined with a propeller to provide lift.
They can fly, but they can’t hover.
China has one in service called the Hunting Eagle Strike gyrocopter.
“What in God’s good name is really going on here? What explains this
seemingly bizarre decision by China to start using gyrocopters in their otherwise modern Army?”
One theory is they’re not for actual combat with other nations, but for carrying out police actions like riot control, murdering Tibetans, murdering protesting students, etc.
There’s also the possibility that it might be useful in border skirmishes with India in the Himalayas.
They also mention Taiwan, but I find that use case really, really doubtful, unless it’s part of the “everything to the coast” kitchen sink invasion plan.
Cost is cheap, though: Only $5,500 a pop.
They have anti-tank missiles, but I have my doubts as to their efficacy on modern western tanks.
The fly low and slow enough that anti-aircraft systems have trouble with them.
All that said, I can’t really see terribly many use cases for this that aren’t better fulfilled by drones.
While I can construct some edge-cases where a gyrocopter might be better at the same price point (grid search in the mountains), but in just about all cases, a drone, a helicopter or an airplane is going to be superior.
The Hunter Biden scandals refuse to go away, California continues to hemorrhage taxpayers, Texas teachers behaving very badly, more Flu Manchu heart attacks, and a golden new parking aid. It’s the Friday LinkSwarm!
Hunter Biden’s sweetheart plea deal collapsed. Here’s former federal prosecutor Will Scharf discussing how the DoJ’s trickery backfired:
Typically, if the Government is offering to a defendant that it will either drop charges or decline to bring new charges in return for the defendant’s guilty plea, the plea is structured under Federal Rule of Criminal Procedure 11(c)(1)(A). An agreement not to prosecute Hunter for FARA violations or other crimes in return for his pleading guilty to the tax misdemeanors, for example, would usually be a (c)(1)(A) plea. This is open, transparent, subject to judicial approval, etc.
In Hunter’s case, according to what folks in the courtroom have told me, Hunter’s plea was structured under Federal Rule of Criminal Procedure 11(c)(1)(B), which is usually just a plea in return for a joint sentencing recommendation only, and contained no information on its face about other potential charges, and contained no clear agreement by DOJ to forego prosecution of other charges.
Instead, DOJ and Hunter’s lawyers effectively hid that part of the agreement in what was publicly described as a pretrial diversion agreement relating to a § 922(g)(3) gun charge against Hunter for being a drug user in possession of a firearm.
That pretrial diversion agreement as written was actually MUCH broader than just the gun charge. If Hunter were to complete probation, the pretrial diversion agreement prevented DOJ from ever bringing charges against Hunter for any crimes relating to the offense conduct discussed in the plea agreement, which was purposely written to include his foreign influence peddling operations in China and elsewhere.
So they put the facts in the plea agreement, but put their non-prosecution agreement in the pretrial diversion agreement, effectively hiding the full scope of what DOJ was offering and Hunter was obtaining through these proceedings. Hunter’s upside from this deal was vast immunity from further prosecution if he finished a couple years of probation, and the public wouldn’t be any the wiser because none of this was clearly stated on the face of the plea agreement, as would normally be the case.
Judge Noreika smelled a rat. She understood that the lawyers were trying to paint her into a corner and hide the ball. Instead, she backed DOJ and Hunter’s lawyers into a corner by pulling all the details out into the open and then indicating that she wasn’t going to approve a deal as broad as what she had discovered.
DOJ, attempting to save face and save its case, then stated on the record that the investigation into Hunter was ongoing and that Hunter remained susceptible to prosecution under FARA. Hunter’s lawyers exploded. They clearly believed that FARA was covered under the deal, because as written, the pretrial diversion agreement language was broad enough to cover it. They blew up the deal, Hunter pled not guilty, and that’s the current state of play.
And so here we are. Hunter’s lawyers and DOJ are going to go off and try to pull together a new set of agreements, likely narrower, to satisfy Judge Noreika. Fortunately, I doubt if FARA or any charges related to Hunter’s foreign influence peddling will be included, which leaves open the possibility of further investigations leading to further prosecutions.
More on how Hunter Biden’s sweetheart deal blew up.
The Hunter Biden defense and the Biden Justice Department hid the sweeping immunity term, shielding Hunter from all future prosecution, in a “diversion agreement” related to the gun offense on which Hunter was not pleading guilty and is anticipated not to be prosecuted. (See here, p. 7, para. 15.) The “diversion agreement” is separate from the plea agreement to the misdemeanor tax charges (see here) — i.e., the only charges to which Hunter actually planned to plead guilty. The plea agreement is where one would ordinarily find the all-important immunity term (since the immunity is given by the government in exchange for the guilty plea). Both the diversion agreement and the plea agreement incorporate an outrageous statement of facts (which is appended to the tax plea agreement, linked above). This fictitious presentation, which appears to have been drafted by Hunter’s lawyers, is nevertheless endorsed by the Biden Justice Department, even though it is utterly inconsistent with the prosecutors’ face-saving protestations, under pointed questioning Wednesday by Judge Maryellen Noreika, that they are conducting a continuing investigation in which Hunter is a subject and could be charged.
It could not be more obvious that, if the government were truly conducting a continuing investigation, prosecutors would never in a million years give one of the main subjects of that investigation a plea to minor tax charges — with the promise of a recommendation of no imprisonment — in the middle of that investigation.
This corrupt episode happened because this case is not a legitimate case — it’s a sham. In legitimate prosecutions, the defendant and the Justice Department are adversaries, with defense lawyers looking out for the defendant’s interest and the prosecutors vindicating the public interest in seeing that lawbreakers are held to account. The Hunter Biden case, to the contrary, is a travesty, in which the defense and the prosecution are on the same side.
That is why the prosecutors have never filed an indictment that lays out the case against Hunter in exacting, painful detail — the way the Justice Department typically does. To do that would be politically devastating for the president, who is implicated in his son’s conduct. Plus, if prosecutors fully describe the serious charges that appear to be supported by evidence already known, it would become politically impossible to settle the case on two trivial tax misdemeanors with no jail time, in addition to disappearing a gun felony carrying a potential ten-year prison sentence.
That is why the plea agreement could not be a normal plea agreement. The point of an agreement is to outline in detail the full extent of the immunity the defendant is getting in exchange for his plea. Because the Hunter Biden defense and the Biden Justice Department are on the same side, the collective objective was to give Hunter as much immunity as possible, with as little said as possible about why he needs it.
Biden family business associate and President Joe Biden’s son Hunter’s “best friend in business” has canceled his scheduled appearance on Monday to give testimony before the House Oversight Committee for a third time. Well, something seems to really have this guy spooked, wouldn’t you say? Why in the world would this guy cancel not once, not twice, but thrice, er, I mean three times? It doesn’t take someone with an IQ north of 180 to see this.
Rep. James Comer (R-Ky.), the chairman of the House Oversight Committee, spoke with Fox News and stated that Devon Archer canceled the deposition he was scheduled to participate in before the committee. Archer is currently under a subpoena from the committee but has now backed out three times, according to Breitbart News.
The Department of Justice (DOJ) has dropped campaign finance charges against alleged ‘crypto scammer’ Sam Bankman-Fried, who was accused of misusing customer deposits and who made $90 million in campaign contributions to around 300 predominantly left-wing political candidates or action committees (PACs).
Prosecutors argued the United States “mishandled” the process of extraditing Bankman-Fried from the Bahamas, writing a letter stating, “In keeping with its treaty obligations to the Bahamas, the government does not intend to proceed to trial on the campaign contributions count.”
Bankman-Fried, who had a net worth of around $26.5 billion at his peak, ranked behind only George Soros in donations to the Democrats last year.
Two Texas teachers accused in separate sex crimes against children were arrested on the same day and each charged with sexually assaulting a child and trafficking a child for sex.
Red Oak ISD teacher and coach Gershon Caston, 38, was arrested Thursday and charged with three first-degree felonies:
Aggravated sexual assault of a child
Trafficking a child to engage in sexual conduct
Compelling prostitution by a minor
Snip.
Former Nacogdoches ISD teacher Annaleigh Andrews, 24, was also arrested Thursday and charged with a dozen felonies:
Three counts of trafficking a child to engage in sexual
Three counts of sexual assault of a child
Three counts of improper relationship between student and educator
Three counts of enticing a child with intent to commit a felony
Senate Democrats on Thursday blocked a measure that would have stopped the Biden administration from discriminating against Jewish-made Israeli products.
The Democratic members of the Senate Commerce Committee rejected a measure from Sen. Ted Cruz (R., Texas) that would have blocked the Federal Trade Commission from penalizing products produced by Israelis living in contested territories, including the West Bank, Gaza Strip, and Golan Heights.
Speaking of unexpected heart attacks, LeBron James’ 18-year old son Bronny James suffered cardiac arrest during a basketball workout. He survived. You know, I never remember hearing about young athletes having heart attacks pre-Flu Manchu vaccines…
I suspect this Peter Zeihan video might count as trolling my readers: “Why Fiat Currencies Will Always Beat Gold.” I think it’s broadly true in the cases he articulates, but doesn’t take into account the possibility of hyperinflation and/or widespread social unrest.
2009 – The Obama-Biden administration takes office
November 1, 2013 – China / BHR:
Hunter Biden, business associate, and Chinese investors agree to create Bohai Harvest RST Equity Investment Fund Management Co., Ltd. (BHR), an investment fund controlled by the Bank of China, to focus on mergers and acquisitions, and investment in and reforms of state-owned enterprise.
December 4, 2013 – China / BHR
Vice President Biden travels with Hunter Biden on Air Force 2 to China and meets CEO of BHR, Jonathan Li. Shortly thereafter, BHR’s business license was approved and Hunter Biden was a board member.
February 5, 2014 – Kazakhstan
Kenes Rakishev, a Kazakhstani businessman, meets with Hunter Biden at a hotel in Washington, D.C.
April 15, 2014 – Ukraine
Burisma, a Ukrainian energy company, appoints Biden business associate to their board of directors.
After initially killing a bill on July 12, 2023 that would have increased the penalties on child sex traffickers, the Democrats who completely control the California Assembly’s Public Safety Committee reversed course one day later and voted to advance the bill.
With a final vote of 6-0, including two abstentions from progressive Democrats, the bill now moves to the Appropriations Committee, after which, if it is approved, can move the bill to be voted upon by the entire State Assembly. If passed, SB 14 will make trafficking of minors a serious felony that would qualify under California’s three strikes law, which keeps dangerous, serial criminals off the streets, and make individuals convicted of the crime ineligible for early release.
I highlight the two abstentions by Democrats. Even after a nationwide uproar over their willingness to block harsh penalties on those who traffic young children for sexual slavery, these two Democrats, including Assembly Majority Leader Isaac Bryan (D-Los Angeles), still could not bring themselves to vote for the bill.
State Senator Charles Schwertner (my state senator) has his DWI charges dismissed. Still, he hardly crowned himself in glory. At least he didn’t yell “Call Greg!” (It did make me wonder what Rosemary Lehmberg is doing today, and if she ever conquered her alcoholism…)
A detailed look at the recording of one of my favorite albums of all time: Peter Gabriel III.
Just what does electronic music pioneer Morton Subotnick’s “Silver Apples of the Moon” sound like? You know that scene in a 70s SciFi dystopia where someone’s face gets ripped off to reveal they’re a robot? It sounds like that.
GWAR plays for NPR. So on one side you have horrible monsters who are unbearable to listen to, and on the other side you have GWAR…
