Posts Tagged ‘BRIC’

LinkSwarm For August 18, 2023

Friday, August 18th, 2023

San Diego tries enforcing the law, a sampler of the lies Obama told about his life, Blade-Runners take on Big Brother’s cameras, a nuke rises in Texas, and a Cthuloid horror swims the chilly waters of Antarctica. It’s the Friday LinkSwarm!

  • San Diego tries “this one weird trick” to deal with homeless problem: Enforcing the law.

    Police began enforcing San Diego’s controversial new camping ban Monday, and although officials said they’ve so far focused only on Balboa Park, the new ordinance combined with other enforcement of laws long on the books has already made notable changes in the encampment landscape.

    The “Unsafe Camping Ordinance” allows officers to force people off public land if they’re sleeping within two blocks of a school, shelter, trolley station, waterway or park “where a substantial public health and safety risk is determined.”

    Capt. Shawn Takeuchi, head of the city’s neighborhood policing division, said his five-member team did arrest several homeless people Monday by Balboa Park, but only for existing warrants.

    Others were given a warning, he said. If any of the same people are found illegally camping a day later, they’ll get a ticket even if they’ve moved locations.

    Nobody in Balboa Park accepted offers for shelter Monday, the captain added. Enforcement will continue to focus on schools and parks in the near future, and officials declined to say where the team might move next.

    Do you think Austin’s government might start enforcing the city’s camping ban? Of course not. Then how are they supposed to rake off the graft? (Hat tip: Instapundit, who offers some takeaways worth highlighting:

    1. The homeless respond to policy and incentives like anyone else. The mere announcement of a future camping ban (plus some enforcement of other existing rules) rapidly cleared out major problem areas.
    2. The provision of shelter or housing is neither necessary nor sufficient to accomplish these clear-outs. Of the people asked to leave Balboa Park on the first day of enforcement (issuance of warnings), none accepted offers of shelter.
    3. The NGOs that have colonized the homeless problem have neither the incentive nor the knowledge to solve it. The head of one shelter was confused by the magical disappearance of his potential clients. “Where did they go?”

  • Harvard law professor Alan Dershowitz explains why the latest Trump indictment is a joke.
  • Charles F. McGonigal, a former FBI agent pushing the Russian collusion fantasy pleads guilty to Russian collusion. (Hat tip: Instapundit.)
  • Hunter Biden’s tax charges dismissed, but only as a prelude to filing more serious charges against him.
  • Biographer David Garrow reveals some of the many things Obama lied about.

    There is a fascinating passage in Rising Star, David Garrow’s comprehensive biography of Barack Obama’s early years, in which the historian examines Obama’s account in Dreams from My Father of his breakup with his longtime Chicago girlfriend, Sheila Miyoshi Jager. In Dreams, Obama describes a passionate disagreement following a play by African American playwright August Wilson, in which the young protagonist defends his incipient embrace of Black racial consciousness against his girlfriend’s white-identified liberal universalism. As readers, we know that the stakes of this decision would become more than simply personal: The Black American man that Obama wills into being in this scene would go on to marry a Black woman from the South Side of Chicago named Michelle Robinson and, after a meteoric rise, win election as the first Black president of the United States.

    Yet what Garrow documented, after tracking down and interviewing Sheila Miyoshi Jager, was an explosive fight over a very different subject. In Jager’s telling, the quarrel that ended the couple’s relationship was not about Obama’s self-identification as a Black man. And the impetus was not a play about the American Black experience, but an exhibit at Chicago’s Spertus Institute about the 1961 trial of Adolf Eichmann.

    At the time that Obama and Sheila visited the Spertus Institute, Chicago politics was being roiled by a Black mayoral aide named Steve Cokely who, in a series of lectures organized by Louis Farrakhan’s Nation of Islam, accused Jewish doctors in Chicago of infecting Black babies with AIDS as part of a genocidal plot against African Americans. The episode highlighted a deep rift within the city’s power echelons, with some prominent Black officials supporting Cokely and others calling for his firing.

    In Jager’s recollection, what set off the quarrel that precipitated the end of the couple’s relationship was Obama’s stubborn refusal, after seeing the exhibit, and in the swirl of this Cokely affair, to condemn Black racism. While acknowledging that Obama’s embrace of a Black identity had created some degree of distance between the couple, she insisted that what upset her that day was Obama’s inability to condemn Cokely’s comments. It was not Obama’s Blackness that bothered her, but that he would not condemn antisemitism.

    Snip.

    Perhaps the most revealing thing about Jager’s account of her fight with Obama, though, is that not one reporter in America bothered to interview her before David Garrow found her, near the end of Obama’s presidency. As Obama’s live-in girlfriend and closest friend during the 1980s, Jager is probably the single most informed and credible source about the inner life of a young man whose election was accompanied by hopes of sweeping, peaceful social change in America—a hope that ended with the election of Donald Trump, or perhaps midway through Obama’s second term, as the president focused on the Iran deal while failing to address the concerns about rampant income inequality, racial inequality, and the growth of a monopoly tech complex that happened on his watch.

    The idea that the celebrated journalists who wrote popular biographies of Obama and became enthusiastic members of his personal claque couldn’t locate Jager—or never knew who she was—defies belief. It seems more likely that the character Obama fashioned in Dreams had been defined—by Obama—as being beyond the reach of normal reportorial scrutiny. Indeed, Garrow’s biography of Obama’s early years is filled with such corrections of a historical record that Obama more or less invented himself. Based on years of careful record-searching and patient interviewing, Rising Star highlights a remarkable lack of curiosity on the part of mainstream reporters and institutions about a man who almost instantaneously was treated less like a politician and more like the idol of an inter-elite cult.

    Snip.

    Progressive theology is built on a mythic hierarchy of group victimhood which has endured throughout time, up until the present day; the injuries that the victims have suffered are so massive, so shocking, and so manifestly unjust that they dwarf the present. Such injuries must be remedied immediately, at nearly any cost. The people who do the work of remedying these injustices, by whatever means, are the heroes of history. Conversely, the sins of the chief oppressors of history, white men, are so dark that nothing short of abject humiliation and capitulation can begin to approach justice.

    It goes to say that nothing about the terms of progressive theology is original. It is the theology of Soviet communism, with class struggle replaced by identity politics. In this system, Jews play a unique, double-edged role: They are both an identity group and a Trojan horse through which history can reenter the gates of utopia.

    Read the whole thing to see all those facts about Obama that the media ignored…including his fantasies about having sex with men.

  • Yuan hits 16 year low against the dollar.
    

  • The origins of the global warming scam.

    Members of the IPCC, such as Pedro Moura-Costa (above) and Gareth Philips, had major conflicts-of-interest. They owned, created and/or worked for businesses — such as Ecosecurities and SGS Forestry — that would directly profit from the report’s conclusions.

    In fact, the IPCC panel members’ companies were positioned to earn millions of dollars from the report. But the mainstream media did not report these conflicts and instead piled on the “global warming” and “carbon offset” bandwagons.

    Solar energy portal Ecotopia reported that members of the IPCC “…had vested interests in reaching unrealistically and unjustifiably optimistic conclusions about the possibility of compensating for emissions with trees… [and] should have been automatically disqualified from serving on an intergovernmental panel charged with investigating impartially the feasibility and benefits of such ‘offset’ projects.”

  • Social Justice strikes again: Woke Hawaiian Official Stalled Release Of ‘Revered Water’ Until It Was Too Late To Save Maui.”

    According to accounts of four people with knowledge of the situation, M. Kaleo Manuel, a Native Hawaiian cultural practitioner and DLNR’s deputy director for water resource management, initially refused West Maui Land Co.’s requests for additional water to help prevent fires from spreading to properties managed by the company. Manuel eventually released water but not until after the fire had run its course.

    His office has not yet commented on the delay of water resources.

    How much damage could have been prevented with the extra water is not yet known. However, the question of “Why?” needs to be addressed in the wake of one of the worst natural disasters in Hawaii’s history. Though bureaucratic red tape might be the most obvious suggestion, a recent interview with M. Kaleo Manual offers some interesting and disturbing insight. Manuel waxes philosophical on “water equity” (“equity” being a pervasive woke buzzword) and an ancient “reverence” of water as god-like. He uses these beliefs to support his rationale for keeping tight controls over Hawaiian water supplies; not as a resource to be used, but as a holistic privilege offered by the government.

  • Economist who named BRICS says the idea of a common BRICS currency is “embarrassing.”

    “It’s just ridiculous,” [Lord Jim O’Neill] told the Financial Times in an interview on Monday. “They’re going to create a BRICS central bank? How would you do that? It’s embarrassing almost.”

    The economist spoke ahead of the 15th BRICS summit next week, where the nations will meet to decide whether to expand membership to other countries and may also float the idea of the common currency.

    (Hat tip: Stephen Green at Instapundit.)

  • “Blade Runners” take out new London monitoring cameras. (Hat tip: Instapundit.)
  • What’s the matter with Sweden?

    The following story was related to me by a former Governor of Minnesota, who was of Norwegian descent. A number of years ago, a Norwegian dignitary (the Prime Minister, I think) visited Minnesota. Talking to our governor, the Prime Minister tut-tutted about Minnesota’s crime rate, saying that there was much less crime in Norway. Minnesota’s governor replied, “We don’t have a crime problem with our Norwegians, either.”

    That anecdote came to mind when I read, in the London Times, “Sweden’s slide from peaceful welfare state to Europe’s gun-killings capital.”

    Today, Sweden is Europe’s capital of gun homicide. Last year, according to the Swedish national council for crime prevention, 63 people were shot and killed: more than double the European average and, per capita, multitudes higher than London or Paris.

    … The effect on Swedish society has been striking. As well as the lives lost, the violence has brought down a government, changed laws and policies, and become the biggest talking point in a country that once prided itself on its reputation as a peaceful welfare state.

    Violent crime will do that, although, to be fair, Sweden’s homicide rate is considerably lower than ours. But it is now significantly higher than homicide rates in quite a few other European countries, including Norway. Why is that? Have Swedes suddenly started getting violent? No.

    It has also kicked the hornet’s nest of integration. Today, one fifth of all people living in Sweden were born outside the country.

  • Dow Chemical is planning to build a small nuclear reactor to power their plant in Calhoun County. Good for them. The TRISO-X fuel they’re using sounds like it will be a pebble bed reactor design.
  • “Target Sales Dipped in Last Quarter Due to Pride Backlash.”
  • Is Adobe sell AI-generated stock art based on artist’s work?
  • Jihadi dumbass kills himself while cleaning his gun.
  • William Friedkin, RIP.
  • Enjoy contemplating this horrifying Cthuloid abomination swimming in antarctic waters.
  • A guide to the things considered disrespectful when working in a Japanese office. Like “going home on time.”
  • Is there any UK tradition more glorious than tossing hot pennies off a high building for the joy of seeing poor people burn their hands grabbing them?
  • “Country Music Industry Confused By Man Actually From Country Making Actual Music.”
  • “Prince Immediately Regrets Waking Rachel Zegler With A Kiss After She Starts Ranting About The Patriarchy.”
  • Good boy!
  • Zeihan: The Dollar’s Demise As The Global Currency Is Greatly Exaggerated

    Wednesday, January 4th, 2023

    “Every few months to couple of years, a new conventional wisdom takes hold that the United States is in its final years, if not final months, and some big political thing is going to happen that is going to dethrone the US dollar as the global currency, and all American power will unwind with that. There is no part of that logic chain that has ever been correct.”

    Some takeaways:

  • U.S power is not a result of its position as the global currency, it’s the other way around. The global currency has to be able to impose, by force if necessary, some sort of tax pax on the trading system to allow trade to happen in the first place. And right now the U.S Navy is more powerful than that of all other navies combined by about a factor of seven. And if you consider that the world’s second and third most powerful expeditionary navies are the Japanese fleet and the British fleet, and you throw them in as American for this Force projection factor, you’re now talking in excess of 12 to 1.

  • “Honestly, there’s there’s never been any math there and there’s no danger to the U.S. position from a strategic point of view.”
  • “BRICs is a group of four large developing economies: Brazil, Russia, India and China. It’s a grouping that was put together by some finance guy back in the 2000s, and all he meant by it was ‘Hey, look, these are four big countries with big bond markets we might want to consider trading these as a group.’ That’s all he ever thought about it.”
  • “The leaders of the BRICs countries do get together from time to time. [No]
    meaningful policy has ever come out of it, because these countries don’t really trade. I mean they all trade with China, of course, but they don’t trade with one another, so there’s a reason to caucus with Beijing, but the rest of it is just kind of fluff. Always has been.”

  • “When I see stories about other countries such as South Africa, or Argentina, or now Saudi Arabia starting to join, I’m like ‘Oh, this is really boring.’ Because these countries really have nothing in common.”
  • “The conspiratorial logic goes: If they stop using the U.S. dollar, then the US is doomed. Well they’d have to start using something else, and none of them, none of them, want to use each other’s currencies, because that would give that country a leg up.”
  • “The Russians have always said that the ruble should be the global currency, which makes everyone, everyone laugh, because nobody wants rubles, especially Russians.”
  • Same for the Yuan and the Rand.
  • “If you want to have a Global Currency it has to be huge. It has to be able enough to lubricate the global exchange mechanisms, which at last check was in the tens of trillions. And that doesn’t mean that your currency has to be in the tens of trillions, that means you have to be able to lubricate the exchange of tens of trillions, your currency needs to be even bigger.”
  • Which gets us to probably the single biggest constraint on being a global currency: you have to not care what happens to the value of your currency in any given day, because if there’s a trade surge and demand of your currency goes up, then all of a sudden supply of your currency is plummeted, and you’re dealing with very real economic distortions at home. So your currency has to be so huge that you don’t care that global exchange in it is moving around every day. And that means you also need to be able to run a persistent trade deficit, because you have to be able to provide currency for everyone who wants to trade everywhere at any time, and you cannot sign off on each individual transaction.

  • “That makes the list down to one already.”
  • “Europeans couldn’t do it, because they have to run a trade surplus because their demographics are so aged they will never be net importers again.”
  • “It can’t be the Chinese. The Chinese are the most manipulated currency in human history. They print two to five times as much currency every month as the U.S Fed did at the height of our monetization programs in 2007 to 2008, and then again during Covid. It’s everything that everyone says is wrong with the US dollar is actually wrong with the Yuan by a factor of 10.”
  • “Every time the Chinese start to loosen up their capital controls in an attempt to have a bigger role for their currency internationally, a half a trillion to a trillion dollars of private savings floods out of the country in a matter of months, and they have to slam that window shut again.”
  • Even in times of war, countries tend to use the dominate global currency for international trade, even if issued by their current enemy.
  • “The Russians are under financial constraints right now, sanctions put on them by the Americans the Europeans and others, and so they tried to pull a lot of their petroleum earnings, which comes in in euros and dollars, and they tried to push it into Chinese yuan as kind of like a stick it to the West. Well, a few months later they tried to then pull it out, and the Chinese went like ‘Well, no, we really don’t want these Yuan back.’ And so the Russians just lost tens of billions of dollars.”
  • In a post-globalist economy, American dollars provide a handy hedge against regional hegemons.
  • “There’s no shortage of people who don’t like Americans, who have no sense of math or history, who are always going to trot this up every few months, and it means as little today as it did then.”
  • That means you too, Zerohedge…