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Trump Reportedly Plans To Continue Aid To Ukraine But Will Raise NATO Spending To 5%

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Trump Reportedly Plans To Continue Aid To Ukraine But Will Raise NATO Spending To 5%

President-elect Donald Trump is expected to continue sending military aid to Ukraine, despite Trump earlier on the campaign trail mocking Zelensky for being the “greatest salesman on earth” for his getting tens of billions of US taxpayers’ money with ease.

A new Financial Times report has cited European officials who say Trump’s team told them he plans to continue military aid to Kiev after his inauguration. He’s reportedly trying to calm fears of an immediate US withdrawal of support, and this is connected to an expected Trump policy for NATO member states to increase defense spending to 5% of their GDP.

AFP/Getty Images

“Donald Trump’s team has told European officials that the incoming US president will demand Nato member states increase defense spending to 5% of GDP, but plans to continue supplying military aid to Ukraine,” FT writes.

NATO’s existing target of 2% of GPD for defense spending certainly has not been met by all members… not even close. The 2% is being met by only 23 of the alliance’s 32 members, and so a significantly higher bar set of more than double that is certainly going to rile Europe.

European NATO leaders have long been trying to figure out how to ‘Trump proof’ future defense aid for Ukraine, as has the Biden administration.

But there’s at least one severe critic – Hungary’s Viktor Orban. He estimated in a radio interview on Friday that the US and the EU have pumped over $300 billion in financial aid and military assistance into Kiev’s coffers since the war’s start.

“During the negotiation with the Americans, I received the figure that Europe and America together have spent €310 billion so far. Those are huge numbers!” the Hungarian prime minister declared.

He went to describe that such a massive amount “could have done wonders” for European people themselves, instead of sinking the funds into an unwinnable war, while avoiding the necessity of negotiations with Moscow.

The 5% defense spending for NATO members could also be a ‘tough’ tactic as the new administration deals with NATO allies. According to more from Financial Times:

One person said they understood that Trump would settle for 3.5 per cent, and that he was planning to explicitly link higher defense spending and the offer of more favorable trading terms with the US.

“It’s clear that we are talking about 3 per cent or more for [Nato’s June summit in] The Hague summit,” said another European official briefed on Trump’s thinking.

Meanwhile…

As for Trump pledging to keep the money flowing, this is likely for the purposes of keeping leverage on the table while planning to quickly push Kiev into negotiations with Moscow. Earlier this week, former US diplomat Jim Jatras evaluated the prospects for Trump succeeding toward achieving peace at the negotiating table, which can be accessed here.

Tyler Durden
Sat, 12/21/2024 – 08:45

“Almost All Sectors Are Considering Job-Cuts” – German Bankruptcies Growing By Double-Digits

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“Almost All Sectors Are Considering Job-Cuts” – German Bankruptcies Growing By Double-Digits

Via Remix News,

Germany’s economy continues to tumble, with the Ifo Employment Barometer falling to its lowest level in four years, matching the coronavirus low of 2020. Meanwhile, bankruptcies are growing by double digits…

Germany’s economic crisis is defined by a lack of orders, high labor and energy costs, and high regulation, which has led companies to cut staff and delay hiring, leading to the Munich-based Ifo indicator to fall to 92.4 in December, after hitting 93.3 in November. The data used is gathered from a survey of managers across Germany.

“Fewer and fewer companies are adding staff,” said Klaus Wohlrabe, who leads Ifo surveys. “In contrast, the proportion of companies that want to cut jobs is increasing. Almost all sectors are considering job cuts.”

In particular, the auto industry and its suppliers have been the hardest hit. However, it is not just manufacturing. Retailers are also planning to reduce staff instead of hiring.

“While tourism is hiring, personnel service providers and the hospitality industry are cutting jobs,” said Wohlrabe.

The Federal Statistical Office also announced that bankruptcies continue to rise, with the number jumping 12.6 percent in November compared to the same month last year.

The data shows that year-over-year growth rates of insolvencies have remained in the double-digit range since June 2023, with only one month serving as an exception when it was in the single digits.

Leading economic forecasters and even the government acknowledges that Germany will shrink for the second year in a row.

“A sustainable economic turnaround is not yet foreseeable,” reads the latest monthly report from the Federal Ministry of Economics.

Not only is economic uncertainty high due to the usual factors, but the threat of tariffs are also looming from the United States. President-elect Donald Trump is promising to hit Europe and China with tariffs as high as 25 percent, with Germany expected to suffer greatly if such tariffs are put in place.

Read more here…

Tyler Durden
Sat, 12/21/2024 – 08:10

Swedish Rapper “Gaboro” Gunned Down As Scandinavian Nation Plagued With Gang Violence

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Swedish Rapper “Gaboro” Gunned Down As Scandinavian Nation Plagued With Gang Violence

A shocking video surfaced on X early Friday, appearing to show an assassin holding a smartphone to film the killing of Swedish rapper “Gaboro.” This brutal execution highlights the ongoing plague of gang violence in the Scandinavian nation amid a national migrant crisis.

Swedish rapper Gaboro was chased down by an individual holding a smartphone and filming with what appears to be a 9mm pistol.

According to the Mirror, the assassination occurred in the city of Norrköping and comes just six months after rapper “C.Gambino” was gunned down. 

Here’s more about the shooting incident from the UK newspaper:

The murder of Gaboro, 23, was even allegedly recorded by his gunman with the terrifying footage being shared on social media. The disturbing footage looked to have been filmed by the gunman as he repeatedly attacks the star as he tries to get away. Sadly, Gaboro, whose real name is Ninos Khouri, was unable to evade the incident.

The footage shows a man heading towards a vehicle in a car park before he is attacked. A number of gunshots are then heard before the shooter stands over the stricken man and fires more. It appeared as though the man was pleading for his life before the final fatal shots.

Police were informed of a shooting in a parking lot in the city centre at around 8pm last night and have said no arrests have yet been made in connection to the tragedy. It’s said police arrived at the scene to find the rapper with gunshot wounds. He was rushed to hospital but sadly died shortly after from his injuries.

Research firm Geopolitical Intelligence Services recently pointed out that the Scandinavian country has the “highest rate of gangland killings in Europe” and has “transitioned from being a model of inspiration to becoming a warning example.” 

GIS continued:

“The main cause of the crisis is a combination of an open-door migration policy with no accompanying policy to help the newcomers integrate. The consequence has been the emergence of neighborhoods where almost all residents are immigrants, where unemployment rates are very high and where the children of immigrants go to schools where no other children, often not even teachers, are proficient in Swedish. This has served as an incubator for crime, as gangs take over where society fails.”

None of this should come as a surprise to readers…

It’s remarkable that Sweden was once considered a model country, but now it has become a crime-infested gangland after nation-killing mass immigration from third-world countries. Well done, liberals!

Tyler Durden
Sat, 12/21/2024 – 07:35

NATO Must Talk Turkey

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NATO Must Talk Turkey

Submitted by Todd Baumann, the Director of Operations for Special Guests Publicity

The North Atlantic Treaty Organization (NATO) hasn’t just outlived its usefulness. One of its member states has been wearing out its welcome since the fall of the Soviet Union. Turkey was considered a secular nation when it sought entry into NATO after World War II. Since the fall of the Soviet Union, Turkey has been attempting to resurrect its Islamic fundamentalist, Ottoman roots. Sadly, we the people of the United States are obligated to protect and defend it.

Exactly 30 years ago, in 1994, while speaking to young fundamentalist Muslims in Antwerp, Belgium, a Turkish Sheikh named Nazim Al-Kibrisi al-Haqqani took to the stage in a stadium filled to capacity, with close to 20,000 people present. After putting the phrase, “Allahu Akbar” to a repetitive musical chant, he exhorted the crowd to join him. He even referred to the audience as a “flood of people (being) a small sign of the glorious rise of Islam”.

There, in the front row, stood a smiling, young Recep Tayyip Erdoğan, who is currently the President of Turkey. In his speech, Kibrisi bemoaned the failures of his generation over the previous 70 years to preserve Islam. He insisted the young crowd which filled the stadium would restore the glory of Islam. This was a clear reference to the defeat of the Turkish Ottoman Empire at the end of World War I, in 1922. It was also a personal reference. Kibrisi was born that year. Even the stadium was built between 1921 – 1923.

Did I mention that Erdoğan was in the front row?

In 1952, a very secular Turkey joined NATO amid concerns that the Soviet Union be problematic. Membership in NATO provided Turkey with a hedge against invasion. Then, when the Soviet Union fell, Neo-Ottomanism began to rise. Unfortunately, NATO continued growing as well, even becoming more corrupt, with the central component of its mission – Soviet style communism no longer a threat.

Neo-Ottomanism seeks a restoration of the old empire, which seeks expansionism and ultimately, a global Islamic caliphate.

The Muslim Brotherhood was founded in the 1920’s as well. It too seeks a return to life under the Ottoman Empire. During the one year reign of the Muslim Brotherhood in Egypt following the Arab Spring, this became even more evident. Erdoğan’s support for the Muslim Brotherhood was clear. Both expressed a desire to restore an era of Islamic rule.

As an aside, the history between Turkey and Russia goes back well more than 500 years; it is an adversarial history at that. It includes the fall of Christianity in Constantinople. The seat of the Eastern Orthodox Church then moved to Russia. Even then it was Muslims vs. Christians. This says nothing of the Armenian genocide committed by the Ottoman Turks during World War I. Despite the extermination of between 600,000 and 1.5 million Armenians, the Turks remain holocaust denialists.

The removal of Bashar al-Assad is largely perceived as a good thing. Is it? The answer to that question depends on what replaces him. The Syrian rebels are comprised of various factions, but the Muslim Brotherhood is chief among them. Again, the Muslim Brotherhood’s loyalties to the Neo-Ottoman movement should not be questioned; it’s alive and well.

Of course, a rudderless Syria, especially one that helps to serve Turkey’s interests, doesn’t bode well for the Iranian Mullahs either. The attacks of October 7, 2023, have had a cascading effect that has very much helped us get to this point. Israel, rightly so, decimated Hamas and its leadership; it did the same to Hezbollah. Exploding pagers and precision strikes very much contributed to the conditions that led to Assad’s ouster.

It’s far too early to tell if the Iranian regime has been weakened, if at all. It’s likely very capable of counteroffensive attacks. Nonetheless, if the Iranian mullahs are toppled the same question will need to be asked: Is it a good thing? Again, it depends on what replaces it.

Russia is currently bogged down in Ukraine and that reality is seen as having contributed to Assad’s fall from power. What happens next in Syria is anybody’s guess. Does Israel acquire any of that territory? Does the Muslim Brotherhood take over and align with Turkey? Does Turkey have any aspirations there upon dispatching the Kurds to the north?

Should the mullahs fall, the resulting power vacuum could pave the way for radical groups, including the Muslim Brotherhood or its affiliates, to seize control. This would present a grave threat to regional stability, as the Brotherhood’s ideology aligns with more extreme interpretations of Islam. Should the Brotherhood move into Iran (Persia), Turkey would not be far behind.

Turkey’s membership in NATO adds a dangerous layer of complexity. Article 5 of the NATO treaty obligates member states, including the United States, to come to the defense of any member that is attacked. Should Turkey engage in a conflict with Russia—a historical adversary and current competitor in Syria and the Black Sea—the U.S. and its NATO allies could be dragged into a direct confrontation with Moscow. Such a scenario risks escalating into World War III, a catastrophic outcome for global security.

Syria is a mess right now. Stability is paramount but we have no idea what that country is going to look like in the future.

As for what should happen moving forward, Turkey should be jettisoned from NATO and Iran’s nuclear facilities must be taken out.

Then we can talk about those Mullahs.

Tyler Durden
Sat, 12/21/2024 – 07:00

Escobar: Anarchy In The Levant – Your Future Dream Is A Chaos Scheme

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Escobar: Anarchy In The Levant – Your Future Dream Is A Chaos Scheme

Authored by Pepe Escobar,

Tehran and Moscow harbor no illusions – and are preparing accordingly. The war on BRICS is just getting started.

Syria as we knew it is being eviscerated in real time – in geographic, cultural, economic and military terms – by an appalling confluence of mercenary Rent-a-Jihadi mobs and psychopathological genocidals praying at the altar of Eretz Israel.

All of that is fully supported by rabid NATOstan hyenas – masters of narrative control – and fully intertwined with the eradication of Palestine.

Across the avowedly dejected Global Majority, there’s a feeling that the momentarily exhausted Axis of Resistance will need to go turbo-Sisyphus to rearrange, resupply and recalibrate the defense of Palestine.

Predictably, there’s not a peep across the NATOstan sphere about Tel Aviv’s feral, indiscriminate bombing and snatching of sovereign Syrian territory. That represents a glaring illustration of the “rules-based international order” in action.

Collective West Think Tankland is in rapture. Chatham House preaches a Syrian rebuilding in this “watershed moment” led by the U.S., EU, Qatar, Saudi Arabia and Turkiye, capable of “forging a consensus around Syria” that “could serve as the foundation for a new regional order.”

The rabidly anti-BRICS Center for a New American Security (CNAS) demands “expelling Russia’s military presence” from Syria and “to close the country as an avenue for Iran’s power projection.”

The Axis of Resistance is being mourned across the spectrum. Not so fast. The deeper meaning of the “ceasefire” between Israel and Hezbollah is that the psycho-pathologicals, for all practical purposes, were defeated, even if they wreaked horrendous havoc on southern Lebanon and Beirut’s suburbs.

Changing the narrative – and the focus – to the Greater Idlibistan offensive allowed an avowedly massive tactical victory not only for Eretz Israel goons but for the assembled NATOstan/Turkiye combo. Yet the real nitty-gritty starts now, even as the partition of Syria is already in effect.

The Rent-a-Jihadi mob, in theory under the control of the aspiring Caliph of Al-Sham, the Saudi al-Jolani, real name Ahmad Ibrahim al-Sha’a, sooner or later may turn against the Eretz Israel project, considering they entertain cozy relations with Hamas in Gaza.

At least for the moment, everything is swell for the Oded Yinon and/or Bernard Lewis plan to subdue West Asia via time-tested Divide and Rule. This harks back not only to Sykes-Picot in 1917, but even earlier, to 1906, when British PM Henry Campbell-Bannerman asserted that,

“There are people [Arabs] who control spacious territories teeming with manifest and hidden resources. They dominate the intersections of world routes. Their lands were the cradles of human civilizations and religions.”

So if these “people” united, they would then “take the fate of the world into its hands and would separate Europe from the rest of the world.”

Ergo, the necessity of “a foreign body” [later constituted as Israel] to be “planted in the heart of this nation to prevent the convergence of its wings in such a way that it could exhaust its powers in never-ending wars. It could also serve as a springboard for the West to gain its coveted objects.”

Pirates of the Levant

The Eretz Israel hallucination does not exactly mingle with Sultan Erdogan’s neo-Ottoman dream, even though they coincide in the broader urge to redraw the map of the Eastern Mediterranean and West Asia.

As for the Exceptionalists, they can barely believe their luck. In a swoop, they just gobbled up the key strategic node of a now buried idea: Arabism, or anti-imperialism in the Levant.

Ever since Barack Obama, in the early 2010s, declared war on Syria under orders from Tel Aviv, the Empire of Chaos had thrown everything and the kitchen sink at Damascus for at least 13 years: the longest and most expensive regime change campaign in U.S. history, complete with toxic, forced-starvation sanctions – until suddenly the big prize fell on their lap.

The prize involves – in theory – smashing an ally of three top BRICS, Russia, Iran and China, with the added bonus of turning it into a geoeconomic black hole while doctoring the narrative to sell “the end of the dictator” to the Global Majority as the precondition for the rise of a new Dubai.

We still don’t know how rump Syria will look like – and even for how long it will be governed by a bunch of neoliberal Salafi-jihadis with trimmed beards and cheap new off-the-rack suits.

The fact is the Hegemon is already controlling at least a third of Syrian territory for at least a decade – and will continue to steal Syrian oil and wheat with absolute impunity: Pirates of the Levant in full regalia.

Playing the role of sidekick, the UK’s MI6 will continue to excel in providing P.R. ops, across-the-board lobbying and gun-running opportunities for the gullible motley crew of mercenary Salafi-jihadis.

When it comes to Tel Aviv, they are destroying Eretz Israel’s largest remaining Arab military opposition; stealing/annexing land non-stop; and dreaming of total domination, aerial and naval, in case Russia loses its bases in Tartus and Hmeimim (that’s a major “if”). Not to mention they somewhat indirectly control the new Caliph, who has meekly asked them to please, don’t conquer too much Syrian land.

The partition will proceed along three other major vectors.

  1. Hegemon-controlled land and military bases – which might be used to attack Iraq. Forget about a fake sovereign Syria recovering their oil fields.

  2. Turkiye-annexed land which will inevitably lead to the full absorption of Aleppo (already proclaimed by the Sultan on the record).

  3. Damascus run by an ISIS offshoot directly manipulated by Turkish intel.

All of the above might lead, already in the first quarter of 2025, to a sort of Salafi-Jihadi Zionization arrangement with just one objective: to ease sanctions from the U.S. and the EU.

As for al-Jolani, real name Ahmad Ibrahim al-Sha’a, for all his woke rebranding, he was Al-Zarkawi’s lieutenant and Emir of Nineveh during the al-Qaeda in Iraq (AQI, later reconverted as ISIS) rampage in Mesopotamia. There’s no way Baghdad will have political relations with a Salafi-jihadi who’s on Iraq’s most wanted list.

An additional headache is the EU’s conditions for normalizing Syria, as spelled out by the unelected batshit crazy Estonian responsible for its foreign policy (and representing nearly 500 million European citizens): Brussels will only lift sanctions if there are no Russian bases and “Russian influence” left in the Caliphate of al-Sham.

Meanwhile, the Empire of Chaos will continue its plunder – in conjunction with Israel. The Syrian oil stolen by the Americans is sold by the Kurds to Israel in Erbil with a huge discount. After all, this oil is “free” – as in stolen. At least 40% of Israel’s oil comes from the Erbil racket.

And it gets worse.

Israel has annexed the Al-Wahda dam in the basin of the Yarmouk river, close to the city of Al-Qusayr in the Dara’a governorate, and near the Jordanian border. This dam provides at least 30% of Syria’s water and 40% of Jordan’s water.

Everything is so predictable: what the NATOstan/Israel combo really wants is an amputated, disaggregated, vulnerable Syria.

Empire of Chaos goes Full Anarchy

Yet the whole toxic equation is far from over. Aspiring Caliph Jolani may be tempted to allow Russia to keep its bases – and to transport their weapons systems out of the country intact. He is in close contact with Moscow, and HTS is de facto protecting Russian assets.

In parallel, Hezbollah signaled it is willing to “cooperate” with HTS, which by the way is also protecting the Iranian embassy in Damascus. ​​

There is no evidence whatsoever that the Greater Idlibistan invasion was a Trojan Horse agreed on the negotiating table by the – dead – “Astana process” even before the fateful Doha meeting on Saturday, January 7.

What is certain is that the analysis in Moscow and Beijing privileges the Long Big Picture. The Chinese for now are extremely circumspect on the record about the whole Syrian drama, apart from declaring themselves “ready to play a constructive role”. Beijing and Moscow see Syria as a temporary setback on BRICS inflicted by an Empire on Desperation Row, along with its equally desperate Eretz Israel ally and a Sultan biting more than he can chew.

The lame duck Biden combo is absolutely clueless on the emergence of a – possible – Israeli-Turkish hegemonic vector in a key node of West Asia. The only thing that matters for Straussian neo-cons and their Tel Aviv psycho-apocalyptic buddies, when it comes to the disintegration of Syria, is the window of opportunity ahead for Israel to attack Iran.

The Times of Israel is in rapture: while previously the “IAF would not fly directly over Damascus when carrying out strikes on Iran-linked targets in the capital, it now can.”

The key to unlock the whole riddle may lie, once again, with Jolani. Everything in West Asia is always in perpetual flux. Only a few days after the fall of Damascus, Sultan Erdogan as well as NATO have refused to help Jolani against the Israeli onslaught in Syria.

Talk about the aspiring Caliphate’s “sovereignty”.

So where Jolani could turn to in a quest for possible allies? And who can he rely on to impose some order in totally disaggregated Syria – including air power to fight ISIS pockets across the desert?

Enter Tehran and Moscow. Ergo, the back channels on overdrive. They would not bat an eye when it comes to “cooperating” with the infant Caliphate – as long as their national interests are not threatened.

The Empire of Chaos will remain unmatched in terms of narrative control, P.R. stunts, monopolizing social media spheres and non-stop psy war. All hybrid fronts. But that’s about it.

The Empire was miserably defeated in both Afghanistan and Iraq. And continues to be humiliated by the Houthis in the Red Sea. Washington has less than zero advantage over Russia on the military sphere – except on electronic warfare (EW), at least on the West Asian theatre, and ISR (Russia is catching up), which instantly translates into inflicting more and more terror.

As for Iran, it’s far from weaker now than before the fall of Damascus. That’s imperial narrative spin, inbuilt in the self-pleasing Exceptionalist mechanism. Ayatollah Khamenei, a fine strategist, does not waste his words. Tehran will eventually develop an alternative supply chain to Hezbollah and the West Bank.

Besides, follow the money. The Iranian Foreign Ministry has already noted that “the new Syrian government will take on all of Syria’s financial obligations to Iran.” That’s a lot of money – that Jolani does not have.

Michael Hudson is adamant: “Anarchy is what the U.S. plan is.” This being West Asia, where backstabbing is an art, there will be blowback. Tehran and Moscow harbor no illusions – and are preparing accordingly. The war on BRICS is just getting started.

Tyler Durden
Fri, 12/20/2024 – 23:25

Diddy, Deadpool, & The Donald: 2024 In Google Searches

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Diddy, Deadpool, & The Donald: 2024 In Google Searches

2024 will be another year not forgotten any time soon. A look at the biggest trending Google searches can serve as a reminder for just some of the events and situations that have shaped our world over the last 12 months.

The following chart, via Statista’s Anna Fleck, looks at the most-googled terms between January 1 and November 23.

Infographic: 2024 in Google Searches | Statista

You will find more infographics at Statista

At the top of the trending news-related searches was the U.S. election.

With 3.7 billion people having had the opportunity to go to the polls worldwide this year, 2024 has been dubbed a ‘super year’ for elections. In November, the victory of Republican nominee Donald Trump against the Democratic Party’s pick Kamala Harris will have major implications both domestically and abroad, in terms of trade and foreign policy. Other elections this year included BJP leader and Indian Prime Minister Narendra Modi winning a third term in office, despite losing a parliamentary majority, and the Labour Party’s Keir Starmer ousting the Conservative Party after 14 years in power.

The second fastest growing news search term was “excessive heat”.

As of November, 2024 was on track to be the warmest year on record. It was a year when more than 1,300 people died during the Hajj pilgrimage in Saudi Arabia due to heat.

In the world of music, Sean “Diddy” Combs was the most searched-for artist among the English-speaking world this year.

Combs has been at the center of sexual assault, rape and sex trafficking lawsuits. The next most searched-for artists were Usher, Linkin Park, Sabrina Carpenter and Justin Timberlake.

In terms of movies this year, the ones to garner the most search attention included Inside Out 2, an animated Pixar and Disney movie about different emotions personified as well as the Marvel superhero movie Deadpool & Wolverine and Saltburn, a thriller and social commentary on wealth.

This year, Google also revealed the top earworms around the world. The eclectic mix of “Beautiful Things” by Benson Boone, “Bling-Bang-Bang-Born” by Creepy Nuts and “Die With a Smile” by Lady Gaga were the three tunes that were looked up most frequently using the “hum to search” function.

Finally, the most prolific people searched for this year included both Trump and Harris together with Princess Kate, who was diagnosed with cancer earlier this year and after treatment is now reported to be cancer free.

Sadly, not all of the world’s well-known and popular people made it to the end of 2024. The most high-profile passing, at least in terms of Google Search queries, was that of One Direction singer Liam Payne.

According to Google Trends’ methodology, the round up of searches in 2024 excludes data from China, Iran and North Korea.

Tyler Durden
Fri, 12/20/2024 – 23:00

Trump Could Tariff NATO Allies That Do Not Pay Up

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Trump Could Tariff NATO Allies That Do Not Pay Up

Authored by Anders Corr via The Epoch Times,

Russia launched almost 300 drones and missiles in a coordinated attack on Ukraine’s energy infrastructure on Dec. 13. The attack is an apparent attempt to further terrorize Ukrainians into surrender by destroying their heat and light in the middle of winter.

The war has dragged on for almost three years now, and Ukrainians are getting tired. Their army is depleted of personnel and weapons. Gallup’s latest surveys indicate that 52 percent of Ukrainians want to end the war, even if that means giving away land to Russia. Only 38 percent now want to keep fighting until victory, down from 73 percent in 2022.

President-elect Donald Trump is trying to both minimize the risk of escalation and shift more of the war’s burden to European allies that have not paid their fair share of defense expenditures for decades. Such a shift is eminently possible as the United States has so far committed about half of Europe’s $255 billion in aid to Ukraine. After the U.S. election, many European leaders have already doubled their commitments. But they must go much further to fully deter Russia.

The U.S. national debt is growing at an unsustainable rate, and without new revenues, Washington can no longer afford to be the world’s policeman. Given this unfortunate reality, Trump has led calls for a cease-fire that would likely entail a risk: appeasing Russia with Ukrainian land, which would potentially incentivize Moscow and the regime in China to escalate aggression down the road. If Moscow wins in Ukraine, Beijing could try the same in Taiwan sooner, and the axis of evil wars, including those of Iran and arguably North Korea, might have no end in sight.

There is a solution: force Europeans to increase their defense spending, including military aid to Ukraine, to at least 3 percent of GDP. Trump is heading in that direction.

At a meeting in Paris on Dec. 7, Trump said he wants to see Ukraine emerge as a strong and well-armed country. He wants European soldiers, rather than Americans, to be present in Ukraine after a cease-fire as peacekeepers and to bear most of the expense of the continued deterrence of Russia. This will free the United States to better deter China’s communist regime.

Trump wants Europe to help pressure China, including with tariffs, to, in turn, pressure Russia to come to the bargaining table. China has a more powerful economy and conventional military compared to Russia. After North Korea sent troops to fight Ukraine, some, like JP Morgan CEO Jamie Dimon, said that World War III had already started. Others say Russia wants to expand to at least the boundaries of the old Soviet Union. After conquering Ukraine, the Russian army could try to take the Baltic countries—Estonia, Latvia, and Lithuania—all of which are now NATO members. Moscow has already stepped up its espionage in these regions and beyond, from Mexico to the Arctic. Some of it targets the United States.

NATO chief Mark Rutte warned on Dec. 12 that the West is “not ready” for an increasing Russian threat over the next five years, which includes a long-term goal of conflict with the West.

“It is time to shift to a wartime mindset, and turbocharge our defense production and defense spending,” he said.

Rutte had praised Trump’s first term for getting NATO countries to increase their defense expenditures.

Now, Trump is doing it again.

He has reiterated his intention to withdraw the United States from NATO if other countries do not reach defense spending of at least 2 percent of their GDP.

He could reasonably increase that demand to 3 percent and add another penalty: tariffs for those that fall below the agreed level.

These tariffs could focus on luxuries and replaceables so as not to disrupt more important U.S. supply lines.

European leaders are beginning to take action and will likely fund any U.S. shortfall to keep the Russian army further away from European capitals. Rutte has called for an increase in the defense spending goal among NATO members. Many NATO countries—namely Italy, Spain, Portugal, Belgium, Luxembourg, Slovenia, Croatia, and Canada—pay less than 2 percent of GDP, while several countries, including the United States, Poland, and the Baltics, spend more than 3 percent.

The United States spent 41 percent of GDP on defense at the height of World War II and 10 percent during the Cold War. It was a lot of money, but our freedom was worth the expense. For those countries looking to get a free ride, Trump should apply his signature tariffs. He has threatened Canada with tariffs and could do so as a penalty for its low defense spending. That strategy could also be extended to other NATO countries that shirk their commitments.

Our strong U.S. economy is in part because people around the world see the United States as not only victorious against our most dangerous enemies but also as a nation with a free-market democratic system as something that they trust, want to emulate, and in which they want to invest. After World War II, that impressive soft power made countries agree to choose New York and Washington as the headquarters of the world’s most important international institutions. But costly wars in Korea, Vietnam, Iraq, and Afghanistan have made most Americans rethink our role as the only “world’s policeman” who makes the world safe for democracy. At the very least, we also want our allies to shoulder their fair share.

*  *  *

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden
Fri, 12/20/2024 – 22:35

‘Hawk Tuah’ Influencer Breaks Silence After Memecoin Rig-Pull Allegations

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‘Hawk Tuah’ Influencer Breaks Silence After Memecoin Rig-Pull Allegations

Authored by Turner Wright via CoinTelegraph.com,

Hailey Welch, the influencer behind the viral ‘Hawk Tuah’ TikTok video, has released a statement after a memecoin bearing her handle pumped and dumped quickly after its December launch.

In a Dec. 20 X post, Welch said she was “fully cooperating” with lawyers who represented investors in the Hawk Tuah (HAWK) token.

The crypto users filed a lawsuit against the project’s creators and partners – Welch herself was not named as a defendant in the suit – alleging they engaged in the promotion and sale of an unregistered securities offering.

A statement posted to X on Dec. 20. Source: Hailey Welch

On Dec. 4, the HAWK token launched, rising to a market capitalization of roughly $500 million before quickly dropping by 90%, prompting many users to speculate there had been a rug pull.

Welch called on anyone affected to contact lawyers, adding she took the situation “extremely seriously.”  

From TikTok stardom to memecoin promoter?

Welch, who rose to internet fame after a June clip of her describing a sexual act went viral on TikTok, has parlayed the incident into her Hawk Tuah nickname and brand.

Her likeness was used on the HAWK token, and she promoted the memecoin on social media.

According to blockchain data, one wallet sniped HAWK tokens shortly after the project launched, purchasing roughly 18% of the memecoin supply and then selling it for more than $1 million in profit.

Many of the memecoin’s investors, however, reported massive losses after the price pumped and dumped.

It’s unclear whether Welch or the project’s founders could face criminal or regulatory lawsuits in the United States as a result of the memecoin launch.

Under Securities and Exchange Commission (SEC) Chair Gary Gensler, the regulator has treated the majority of tokens as securities under its purview. However, the SEC is set to change hands to Republican control beginning in January.

Tyler Durden
Fri, 12/20/2024 – 20:05

Eggflation: Dozen-Pack At Supermarket Hit Record Highs As Bird Flu Ravages Farms

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Eggflation: Dozen-Pack At Supermarket Hit Record Highs As Bird Flu Ravages Farms

New retail price data shows supermarket prices of a dozen eggs have soared to record highs. The surge comes amid an ever-expanding bird flu outbreak that has led to the culling of millions of birds, denting the size of the nation’s egg-laying hen population. 

Bloomberg cited Expana data showing that a dozen eggs in the Midwest cost about $5.67 this week, exceeding the record high of $5.46 set in December 2022. 

Source: Bloomberg

Expana’s managing editor for eggs in the Americas, Karyn Rispoli, explained that a “potent combination of avian flu-related production losses and heightened retail demand throughout the holiday baking season” catapulted prices to record highs. 

She said 17 million egg-laying hens and younger birds known as pullets had been culled since mid-October amid a surge in bird flu cases, adding that was one of the worst stretches in the current bird-flu outbreak since the virus first emerged in the nation’s flock in February 2022. 

“The virus also jumped to other species including dairy cattle, while a person was hospitalized with a severe case of H5N1 bird flu in Louisiana this week,” Bloomberg noted. 

Wholesale egg prices via the Urner Barry Egg Index are nearing record highs (again) …. 

Last month, we noted. 

And pointed out in the November CPI print: “A quarter of the November rise in prices for final demand goods is attributable to a 54.6-percent jump in the index for chicken eggs.” 

This comes as global food inflation has entered a dangerous phase of re-acceleration.

The best way cash-strapped households can hedge over the elevated food inflation storm is to produce their own food. Whether it’s setting up a chicken coop, planting a garden, installing honeybee hives, or creating pastures for a few cows, now is the time to hedge against rising prices. It’s not just about prices – it’s also about health and security. Become ungovernable by taking back the food supply chain from the corrupt food industrial complex that heavily influences federal policy-making.

Tyler Durden
Fri, 12/20/2024 – 19:40

Yes, Abolish Daylight Saving Time

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Yes, Abolish Daylight Saving Time

Authored by Jeffrey Tucker via The Epoch Times,

For all our lives, we’ve been subjected to forced seasonal time change. Spring forward, fall back. That’s how we learn from childhood how to remember this.

We are also told the reason early on. We are extending daylight hours. But only a moment’s thought reveals this to be untrue. The light you gain from a one-hour change is borrowed from later in the day.

Government cannot magically make the day longer.

It’s like the old joke, supposedly from an “old Indian” who points out that you cannot make a blanket longer by cutting off one end and sewing it on the other.

I’ve never met anyone who approves of this massive disruption in our sense of time. Some people prefer Standard Time, while others prefer Daylight Saving Time, depending on their area within a given zone. But regardless, it seems as if everyone agrees that we should stick to one version of time and not change it so brutally in the middle of a year.

To be sure, all this became mechanically easier once time became digital. We don’t have to have friends, family, neighbors, and the TV yelling at us to turn back the clock or bump it forward. But it seems as if there are always a few clocks around that do not automatically change, such as the kitchen clock with the battery or the oven clock. Then we have to figure out how the stupid thing works and fuss with it, twice per year.

Every study shows that this disruption is terrible for health, as it disrupts sleep patterns and contributes to mental fatigue and even depression. It is associated with increased hospital admissions and even car crashes. This should not shock us. Our bodies are regulated by patterns of the sun, more so than we know.

Then there are the missed appointments.

If everyone hates it so much, why does it persist? It keeps happening simply because it keeps happening. No one knows how to get rid of it. While there is widespread public hatred of the practice, there is no real lobbying force to do anything about it.

Forced seasonal time disruptions are the paradigmatic case of a system that just keeps going on because no one really knows how to stop it, even though no one really likes it.

Fortunately, President-elect Donald Trump has an uncanny sense of the public mood. He is the first political figure in my lifetime who has openly blasted Daylight Saving Time and sworn to end it on the federal level. If states want to keep it, fine. My prediction is that it will go away completely. That’s a good thing.

Oddly, I find myself thrilled by this! It thoroughly confuses children, dogs, and adults, too. The whole crazy business began during World War I as a way to conserve energy and cause the daylight to arrive earlier in the day for purposes of munitions manufacturing. Others say there were some agricultural reasons, too.

The reason that this all began had plenty to do with a fashionable scientism of the time. Elites had come to enjoy toying with all things under the general belief that mechanized schemes could override nature itself. This affected so much along with the rise of indoor lighting, flight, steel bridges, internal combustion, telegraphic communications, the telephone, and recorded sound. It seemed as if there was nothing that could not be engineered to perfection, even the rotations of the sun.

Remember that a few decades earlier, there was already a huge controversy over time in the United States. When the railroads came along and gained political power, they pushed hard for unified schedules in zones so that people would not arrive at an earlier time at their destination than when they left.

It was common before about 1885 that every town kept its own version of local time. How was that determined? Very simply: When the sun is overhead, that is noon. Surrounding areas generally deferred to the time on the city and town clocks. This also fits with the sundial. There were no time zones, but rather just normal time. Everyone knew what it was.

Once the railroads came along, they lobbied mayors to adopt a more unified system. As a result, many acquiesced, much to the annoyance of many people who simply could not understand how it was that an industrial power could presume the right to define time in its own profitability interests.

For some years, clocks in the United States commonly displayed the actual time (or local time) plus what they called railroad time.

The railroads eventually prevailed. The United States was divided into four time zones, regardless of local time. For the first time in the history of the planet, the sundial no longer made any sense. What we called time was completely severed from any measurement of time drawn from natural patterns. We came to be managed by industry rather than reality.

If you think about the sheer intellectual arrogance of that, it is rather shocking. I like to think that I would have been among the resistors to this ridiculous trick from 150 years ago.

If you are curious about this, you can look up your actual time in your area right now. You can go to mysolartime.com and see exactly what time it really is right now, no matter what your smartphone says. From where I am typing right now, the actual time is nine minutes later than the clock says.

I urge you to do this, and think about what this means. If you are really feeling rebellious, you can start adhering to your local time just for the fun of it.

Up with local time and down with railroad time!

In any case, there is something wonderful about how everyone seems to be rethinking everything in our times. It seems like we are getting rid of the fluoride in the water after more than half a century of awful medicalization via public water supplies.

The effort to get rid of Daylight Saving Time is very similar, taking on an annoyance that should have ended long ago, finally through an authoritative voice who can do something about it.

Yay! I’m thrilled. But if it were up to me, I would go further and directly target the time zones themselves. They are the real source of the problem and the reason why some people favor Daylight Saving Time and others favor Standard Time, depending on which side of the zone you live.

The truth is that neither is correct. They are both fake versions of actual time. The actual time from the ancient world until relatively recently is a simple matter of the sun. When it is directly overhead, it is the noon hour or high noon. That’s it and nothing more. The rest follows from that.

Again, we have tools now that can tell you with great precision what time it actually is.

How to schedule meetings across long distances? The easy way is to use Coordinated Universal Time. It would take a day or two to get used to, but life would become so much easier. Just one time for the world for scheduling all things, and then we have local time, which is the time standard by which we live in the course of our lives. It’s what we should have done to begin with.

Nonetheless, scrapping time changes is an obvious beginning. The 150-year history of government/industry intervention in time is the classic case of bad policy imposed to fix previous bad policy. It was never a good idea to replace real time with constructed/imposed time. Repealing Daylight Saving is a good start.

Maybe if all goes well, we won’t be springing forward after all. How merciful that would be!

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Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden
Fri, 12/20/2024 – 19:15