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The “EU Defense Line” Is The Latest Euphemism For The New Iron Curtain

The “EU Defense Line” Is The Latest Euphemism For The New Iron Curtain

Authored by Andrew Korybko via Substack,

Poland and the Baltic States just requested EU funding to finance what they now call the “EU Defense Line”, which is really just the latest rebranding of January’s “Baltic Defense Line” that was then renamed the “Baltic Shield” before its latest iteration. It was during this project’s second conceptual phase that it paired with Poland and set the basis for a joint “Shield” initiative. Here are five background briefings for those readers who haven’t closely followed this project:

* 22 January: “The ‘Baltic Defense Line’ Is Meant To Accelerate The German-Led ‘Military Schengen’”

* 13 May: “Poland’s Border Fortification Buildup Has Nothing To Do With Legitimate Threat Perceptions”

* 25 May: “A New Iron Curtain Is Being Built From The Arctic To Central Europe”

* 2 June: “Poland Can Defend Itself From Invading Illegal Immigrants Without Worsening Tensions With Russia”

* 7 June: “Next Month’s NATO Summit Might See Most Members Joining The ‘Military Schengen’”

To summarize, the US envisages Germany employing the “military Schengen” to accelerate the construction of “Fortress Europe”, which will enable Germany to contain Russia at the US’ behest while the US “Pivots (back) to Asia” to more muscularly contain China.

The two preceding hyperlinked analyses elaborate on the “Fortress Europe” concept for those who’d like to learn more about it. This project is basically all about restoring Germany’s long-lost superpower trajectory with American support.

Its relevance to the “EU Defense Line” is that the German-led bloc’s (at least partial) financing will likely serve as the pretext for direct German involvement in its construction, especially if Latvia and Estonia join the “military Schengen” during the next NATO Summit like one of the previously cited analyses predicted. Poland’s request for German police assistance to help guard the bloc’s border with Belarus also facilitates the likelihood of Berlin playing a leading role in the “EU Defense Line’s” construction.

One of the other earlier mentioned analyses was connected to the new Iron Curtain that’s expected to descend upon the EU from the Arctic to Central Europe, with its northernmost reaches referring to the scenario of Finland joining what’s now been rebranded as the “EU Defense Line”. In that event, a modern-day Maginot Line would be built along the EU/NATO-Russian border, though this time with Germany taking the lead in its construction (and with full American backing) instead of France.

The whole point of rebranding what was first conceptualized as the “Baltic Defense Line” is to market this project as an inclusive pan-European one that’s supposedly being built for the “greater good” of the bloc’s citizens. This notion is meant to justify EU financing since Poland and the Baltic States don’t want to foot the entire bill themselves (nor can they likely afford it) while also reinforcing the false perception of a so-called “Russian threat” that’s designed to rally the bloc’s people around this shared cause.

Considering the overlapping military, political, and strategic interests at play, it should therefore be taken for granted that the “EU Defense Line” will likely be built and will then function as the new Iron Curtain. It’ll symbolize the New Cold War for the next generation and ensure that NATO-Russian tensions remain the “new normal”. No normalization between those two will ever be possible after these fortifications are built, but that’s precisely what the US wants in order to indefinitely divide-and-rule them.

Tyler Durden
Sun, 06/30/2024 – 08:10

Here’s Why These Troubling Trends Mean Mass Chaos Is Likely Coming To The West…

Here’s Why These Troubling Trends Mean Mass Chaos Is Likely Coming To The West…

Authored by Chris Macintosh via InternationalMan.com,

Coming from the murky island of Britain…

Sticking with our pasty friends…

“The most common risk is localised flooding, according to the government’s risk register, leading to power and water outages. But among the 100 other potential threats people should be prepared for include another pandemic, a mass cyberattack that cuts off the internet, disruption to UK space systems that affect GPS signals — or, in an extreme case, could include conflict or even the potential for a nuclear attack in continental Europe.”

You will note that the British public are being placed on a war footing. This is the psychological preparation for a mass chaos event. I’ve been telling you for ages that the bankers need to eliminate the debt, and I’ve also pointed out that historical examples highlight the risks of the elites losing control of the populace in such situations and in some instances their heads, too.

They know this, and as such have prepared for a means to control what will be millions of impoverished (you’ll own nothing) and very angry (and be happy) citizens. This control mechanism has many facets. “Hate speech,” search and seizure laws, pandemic treaties, CBDCs, and attendant authoritarian control measures, including lockdowns, quarantining citizens, and forced… ahem… how to say this politely, “medical procedures.” The big daddy, of course, is CBDCs.

Where these are implemented, then resistance is quickly squashed. It’s tough to mount a protest when you can’t get on a bus, fill up your car to drive to said protest, or even complain online on social media. If the “hate speech” laws don’t get you, the shutting off of your access to the internet and banking system surely will.

When talking about conscription many people will say, “Oh, but the populace doesn’t have a stomach for it.” The problem is that you could have made the same argument in 1939.

And it’s not only Britain. It’s Denmark, too.

“The reality is that Denmark and our allies are threatened by hybrid war,” Defense Minister Troels Lund Poulsen said during a speech in the town of Allinge. “Each of us should prepare for the fact that, for a short period, we may be without access to electricity or water, or be unable to buy basic necessities.”

Then, over in the land of the free, the same agenda is being rolled out.

Military Draft Coming? House Passes Measure To Automatically Register Men For Selective Service

“The House of Representatives on Friday approved its version of the annual defense policy bill, effectively clearing the $883.7 billion National Defense Authorization Act (NDAA) to move forward in a 217-199 vote which largely fell along party lines. Only three Republicans opposed it.

A number of ‘controversial’ amendments are part of it, setting up a further fight with Democrats as it moves forward, including a measure empowering the National Guard to crack down on the southern border.

But among the most interesting aspects to the bill for Fiscal Year 2025 is an amendment to the NDAA which automatically registers all draft-age male U.S. residents with the Selective Service System.”

At a recent conference in Orlando (Rebel Capitalist Live), I asked the crowd whether they understood that their country (US) was at war with Russia and, by default, China. It’s a topic I’ve spilled a bucket load of digital ink on for years now — the coming civil war in the US as well as the global war that’s now unfolding.

Now, I’m aware this is at least ostensibly an investment newsletter, but the reality is that geopolitics is arguably the most important driver in capital flows and hence investment outcomes.

Furthermore, what good is a sparkling Interactive Brokers account with more green than a Costa Rican jungle if you and or your kids or grandkids are being shipped off to the meat grinder fighting some bankers’ wars designed to accomplish the twin goals of depopulation (Agenda 2030, Rockefeller Foundation, Club of Rome) and enriching the deep state? It’s all kinda pointless. The time to obtain those second passports, residencies, and offshore banking is fast running out. Do with this warning what you will.

Oh, and by the way. The probability that the prepping by multiple countries of their cattle citizens all over the world (US, UK, Germany, Australia, and I’m sure I’m missing others) for conscription is not coordinated is about 0%.

It is obvious to anyone watching the shitshow of US politics and European politics.

The gay mentally ill race communists want to and are taking us all to war. We need to reject them at every level. If we do not, our future is bleak.

Speaking of European politics…

A Firm No!

Let’s see what’s just happened in the last few weeks.

  • France: Marine Le Pen’s party trounced Emmanuel Macron’s party in France, winning 34% of the vote, with Macron calling a snap election.

  • Belgium’s Prime Minister, Alexander De Croo, resigned after the right-wing in Belgium made gains.

  • Italy: Giorgia Meloni’s right-wing party is set to win the most seats in Italy.

  • Germany’s ruling coalition was defeated by conservatives, with AFD finishing second.

  • Ireland: Numerous anti-immigration candidates were elected in Ireland.

  • Holland: Geert Wilders’ party in the Netherlands gained many seats to become the second largest party.

  • In Austria, the right-wing FPÖ party doubled their number of seats to become the largest party.

  • In Spain, the right-wing Vox party has become the third largest party with around 10% of the votes.

  • England: Nigel Farage’s Reform Party announced their manifesto:

    • Reject the WEF agenda

    • Cancel WHO membership

    • Reject cashless agenda

    • Laws to stop woke ideology

    • Free speech bill

    • Stop cancel culture

    • Scrap Net Zero

    • Fast-track nuclear energy

    • Support farmers

    • Scrap bans on fossil fuel cars

    • Tax system to support marriage

    • Opposed to CBDCs

This is a clear sign of the anger from the citizens.

To be honest, I’m not sure we’re going to immediately see much change. I think this looks like a grind lower. You see, as long as the bankers (ECB) control the monetary system in Brussels, politics within the member states won’t matter much. The levers of control must be broken and the process to doing so, while now underway, will be a fierce battle. The fragility will come via the currency markets. We’re already seeing massive spreads in the bond markets between EU member states (they never managed to consolidate the bond market in the EU). Next up will be the currency markets (euro), and that almost certainly means capital controls. You’ve been warned.

Practical takeaways? The euro will be the breaking point. It either breaks from inertia or the globalists self-destruct it, but self-destruction won’t happen until they’ve got their precious CBDCs in place.

Why do I say that? Easy! CBDCs ARE capital controls. It is programmable money. The moment they’ve implemented it, they can — at the touch of a button — program your ability to use it to oh… buy a plane ticket to GTFO dodge or send it to any jurisdiction of your liking. Want to fly to your Plan B residence in Fughedabouttheworldistan? “Sorry Sir/Madam, your access to that service is not consistent with the UN’s sustainability goals, you climate killer.”

So in the currency world, the USD benefits, but in reality we’re seeing a repudiation of all fiat. Why is it that all the while that gold keeps making new highs we’ve not even seen institutional buying?

I’ll tell you why. For the same reason Wall Street is going to go down with this ship. They’re filled now with cowards afraid to miss a benchmark. Cowards that are too afraid to tell their masters to eat sand rather than present their preferred pronouns at ESG at DEI meetings. The buying of gold, by the way, is from the central banks of foreign nations.

And it’s not just the last year either.

If you squint hard, you’ll notice that three (Brazil, Russia, India, China) are members of the BRICS countries. Furthermore, Turkey will join BRICS. Watch!

I point this out because, as I’ve been sharing with you for a couple of weeks now, we are watching the emergence of a multipolar world, with a US-centric world on one side and a China-centric world on the other. For the first time ever, BRICS countries’ share of the global economy has surpassed that of the G7 nations (Canada, France, Germany, Italy, Japan, the UK, and US) on a purchasing parity basis.

Gold plays an important role in this multi-polarization. The BRICS need the precious metal to support their currencies and shift away from the US dollar, which has served as the global foreign reserve currency for about a century. More and more global trade is now being conducted in the Chinese yuan, and there are reports that the BRICS — which could eventually include other important emerging economies such as Saudi Arabia, Iran, and more — are developing their own medium for payments.

Speaking of which…

Putin confirms Brics’ independent payment system in the pipeline

“Addressing a crowd of 12,000 attendees from more than 100 countries of the world at the 27th annual St Petersburg International Economic Forum (SPIEF), Putin said such a transaction system would be “unmoved by political pressure, abuse and external sanctions”.

The news came on the back of the president’s announcement that Russia has overtaken Japan to become the fourth largest economy in the world.”

Vlad went on to explain why:

“It is no secret, of course, that the reliability of, and trust in Western payment systems has been thoroughly undermined, and by the Western countries themselves. Together with foreign partners, we will increase the use of national currencies in foreign-trade settlements, and increase the safety and efficiency of such operations through the Brics line.”

The moment that the West nicked Russian assets (ostensibly to give to the cocaine dwarf) was the moment that a global move was put into place for an alternative.

It’ll take a while to be put into place, but it will come. People tend to overestimate things in the short term and underestimate them in the long run.

This is broadly true of technology (the motor car, the telephone, internet), but I think this will be no different. In the short term, the US dollar isn’t going anywhere, despite all the gold bugs screaming for a dollar crash. However, in the longer term, we are witnessing the end of the Western-led financial hegemony… and that is, of course, dollar-based.

I don’t believe we need to play this game of choosing. It’s easy. The alternative is going to need to be reliable and trustworthy. This will mean it’s going to be backed by hard assets. Just buy the hard assets. They’re the cheapest they’ve been in all of history (no kidding), so on a risk/reward basis is a no brainer.

*  *  *

The Western system is undergoing substantial changes, and the signs of moral decay, corruption, and increasing debt are impossible to ignore. With the Great Reset in motion, the United Nations, World Economic Forum, IMF, WHO, World Bank, and Davos man are all promoting a unified agenda that will affect us all. To get ahead of the chaos, download our free PDF report “Clash of the Systems: Thoughts on Investing at a Unique Point in Time” by clicking here.

Tyler Durden
Sun, 06/30/2024 – 07:00

Don’t Let The Elite Get Away With Gaslighting That They Didn’t Know About Biden’s Senility

Don’t Let The Elite Get Away With Gaslighting That They Didn’t Know About Biden’s Senility

Authored by Andrew Korybko via substack,

Biden’s disastrous debate performance last week made it impossible to deny his senility, yet the Western elite is gaslighting they were supposedly oblivious to this until now. Time Magazine published a piece titled “Inside Biden’s Debate Disaster and the Scramble to Quell Democratic Panic”, which was complemented by CNN’s about how “Foreign diplomats react with horror to Biden’s dismal debate performance”.

Both make it seem like Biden’s senility is a surprise for everyone who knew him.

The reality is that they knew about this all along but covered it up by lying that any claims to this effect were “Russian propaganda” and/or a “conspiracy theory”, all because they actually approved of the Democrats installing a literal placeholder in the White House who the liberal–globalist elite could control. It was a refreshing change of pace from Trump, who was much too independent for their liking despite his occasional capitulations to their demands, and it also reassured America’s allies who disliked him too.

They both went along with the lie that Biden is in tip-top mental condition for reasons of political convenience, but now it’s impossible to keep up the charade any longer, hence why they’re all feigning surprise and shock. The elite shouldn’t be allowed to get away with their latest gaslighting and should be exposed for one of the greatest cover-ups in American history. The country is being ruled by a shadowy network of transnational and domestic elites that are united by their radical liberal-globalist ideology.

Biden was chosen as the Democrats’ candidate in 2020 precisely because he was already senile and therefore completely controllable. That party, which functions as the public face of the abovementioned elite network, wanted someone who’d do whatever they demanded on the home and foreign policy fronts. In particular, they sought to turn America into a liberal-globalist hellhole while ramping up NATO’s containment of Russia in Ukraine, but the second policy backfired after the special operation began.

Nevertheless, they’ll never have another chance to install someone like Biden since 2020 was an exceptional election year due to it being a referendum on Trump – who a significant share of the public was preconditioned to falsely believe is the new Hitler – and mail-in voting due to COVID-19. These conditions can never be replicated in the same way again no matter how hard the elite try, which is why they decided to keep Biden as their candidate instead of replace him early on.

Although there’s now a push by some for him to be replaced during the party’s upcoming national convention, Politico and NBC News among others both pointed out that this would be a difficult process, so there’s no guarantee that they’ll seriously attempt it. That said, he might also suffer some sort of emergency that incapacitates him more than he already is, so the scenario can’t be ruled out. In that case, they’ll still do everything they can to gaslight that they had no idea that he was so unhealthy.

Any acknowledgement that they were aware of this would expose their role in 2020’s de facto coup, which was the elite’s latest after the ones in 2001, 1974, and 1963. Back then, 9/11 was exploited as the pretext for taking the national security state to its next level, while Nixon’s resignation in the face of the CIA’s Watergate scandal was meant to remove a truly independent and popular visionary leader. As for Kennedy’s assassination, many believe that it was aimed to stop his planned withdrawal from Vietnam.

The elite’s latest coup was meant to turbocharge the US’ preexisting liberal-globalist trajectory after Trump partially offset it with his comparatively more conservative-nationalist policies, which necessitated provoking a proxy war with Russia in order to unify the West around this ideological cause. The damage has already been dealt and a lot of it is irreparable, but Trump’s return to power would still be better for Americans and the rest of the world, which is why the elite are dead-set against it.  

Irrespective of whether the decision is made to replace Biden, which has its pros such as putting a more publicly appealing candidate on the ballot but also its cons like stoking panic about the party’s electoral prospects, the elite will do everything to cover up for their knowledge of his senility. Acknowledging that they knew about this would leave little doubt in the minds of many that the 2020 election was actually the elite’s latest coup, which his why they’re going overboard gaslighting about how they’re surprised.  

Tyler Durden
Sat, 06/29/2024 – 23:20

Are MTA Subway Tracks In Queens Being Held Together By Zip Ties

Are MTA Subway Tracks In Queens Being Held Together By Zip Ties

Where is the boatload of tax money New York City takes in going?

That’s likely the main question on the minds of Gotham’s citizens this week after the NY Post revealed in a report the latest “feature” of riding the prestigious MTA public transit: there appears to be zip ties holding together subway tracks.

While illegal migrants are being treated to stays in four star hotels in Midtown, it appears NYC citizens riding the train at the Rockaway Boulevard A train station in Ozone Park are footing the bill. They have been left asking if the tracks of the subway they have been riding are barely holding on for dear life. 

Nursing student Kayle Persaud asked the NY Post: “Should I be worried? If I cut one zip tie, does it start to fall?”

Photos of the zip ties were first published by AMNY:

Another subway rider told the Post: “The first time I saw it I thought, ‘Hmm… Is it holding the tracks together?’Even the screws look like they’re not all the way in.”

A third rider added: “Even if it’s not actually holding the track together, it just looks awful. They could have cut it off or painted it the same color. I hope it’s not holding the tracks together for all the money we pay to travel on the subway.”

Zip ties on wooden railroad ties are used to prevent splintering and falling debris, according to a track worker and the MTA. MTA officials stated they mark areas needing future repair and are not a safety concern. 

However, the MTA’s announcement to halt capital projects following Governor Kathy Hochul’s delay of the congestion pricing plan has worried commuters. The congestion pricing was expected to generate $1 billion for $15 billion in improvements. Some commuters criticized the use of zip ties, calling them a “ridiculous” look. 

“Hopefully, it’s just a sign of laziness,” said New Yorker Rose Mohammed. “We’re supposed to be the greatest city in the world, and we have zip ties around our tracks?”

MTA spokesman Aaron Donovan said: “When inspectors find certain issues, they use ties for temporary protection and to identify locations where following repair crews will make more permanent repairs.”

Tyler Durden
Sat, 06/29/2024 – 22:45

Trump Sentencing Will Put Merchan’s Bias In Crosshairs

Trump Sentencing Will Put Merchan’s Bias In Crosshairs

Authored by Kenin Spivak via RealClearPolitics.com,

On July 11, acting New York Judge Juan Merchan will sentence former President Donald Trump.

Trump was convicted in a New York State court in Manhattan on a novel theory and on facts never before used to secure a conviction in New York. Disregarding at least a dozen reasons his conviction should be reversed, because Trump was convicted of falsifying records with the intent to commit a second crime – illegally interfering in the 2016 presidential election – the falsification was upgraded to a class E felony, comprising 34 counts, one for each entry. The maximum penalty is four years in jail on each count, not to exceed a total of 20 years.

New York defendants sentenced to less than a year are usually jailed in notorious Rikers Island, known for its overcrowding, drug problems, and violence. The New York City Council voted to close the facility by 2026. New York Post photos from just a few years ago show the awful conditions there.

For sentences of a year or longer, Trump could be remanded to one of 41 state prisons for men, though most likely to one of the three minimum security facilities. It seems highly unlikely that the U.S. Secret Service would permit Trump to be held in a New York prison. While space might be made available in a federal prison, or a building converted for exclusive use by Trump, it is more likely that he would serve any sentence in home confinement, wearing an ankle monitor.

Alternatives to incarceration include probation for up to 10 years, unconditional discharge, or discharge, without probation, conditioned on not committing a further crime during the following three years, and a fine of up to $5,000.

Merchan could order that confinement be limited to weekends or nights, and could permit exceptions for political or business activities.

He also could split the sentence, for example, requiring 30 days of home confinement followed by conditional discharge.

Even if Trump is conditionally discharged or given probation but is later convicted of another crime, he could be remanded to prison. In setting the sentence, Merchan will consider a mandatory Pre-Sentence Report and the nature of the crime in addition to Trump’s background, age, and health. Manhattan District Attorney Alvin Bragg follows a policy of not recommending incarceration for those convicted of non-violent class E felonies. During the trial, Merchan observed that he sees incarceration as a “last resort.”

Trump’s indictment for numerous other crimes and his frequent violations of Merchan’s gag order will make unconditional release less likely. However, Trump’s evaluation also will suffer because of recent verdicts that he is liable for civil fraud and defamation, and for presumably refusing to accept guilt during the pre-sentence interview.

If Merchan properly considers the nature of the offense, that similar offenses have not been prosecuted in New York, the “false records” were internal Trump accounts, there was no monetary loss, and the so-called effort to interfere in the 2016 election failed in New York (where Clinton overwhelmingly won), and Trump has no prior record, there should be no jail time or home confinement.

However, if Merchan approaches sentencing with the same antagonism to Trump’s rights he brought to the trial, he can be expected to cite a fraud on the national electorate to justify at least a brief period of home confinement. Even then, it would be shocking if Merchan did not stay the sentence until after the election, pending Trump’s appeal.

Trump likely will appeal to New York’s intermediate appeals court and will seek to have any sentence stayed pending the outcome of the appeal. Given the multitude of errors at trial and the pending election, it is a near certainty that his request for a stay will be granted.

Trump could also bring an action in federal district court asserting that Bragg and Merchan lacked jurisdiction to accuse him of interfering in a federal election, and he was not given adequate notice of the alleged crimes. It is unlikely a federal judge would get involved prior to a state appeals court. Trump could seek intervention from the U.S. Supreme Court, but federal statutes generally require that the highest court in a state rule before the Supreme Court intervenes.

In the end, it seems likely that Trump’s conviction will be overturned. Whether the sentence is harsh or a slap on the wrist, the entire process has been a political prosecution intended to keep Trump off the campaign trail and give Biden the talking point that Trump is a convicted felon. That flagrant abuse of due process is not how our justice or electoral systems are supposed to work.

Tyler Durden
Sat, 06/29/2024 – 22:10

Pentagon Exposes Biden Lie That Troop Deaths Haven’t Occurred Under His Watch

Pentagon Exposes Biden Lie That Troop Deaths Haven’t Occurred Under His Watch

The Pentagon is trying to run cover following Biden’s Thursday night debate falsehood claiming that he is the “only” president this century who hasn’t overseen American troop deaths “anywhere in the world”. But journalists forced a belated response.

Here’s what Biden asserted in the CNN debate with Trump: “The truth is, I’m the only president this century that doesn’t have any this — this decade, that doesn’t have any troops dying anywhere in the world, like [Trump] did.” But the reality is…

Newsmax and others have pointed out that all of the following happened under Biden, some which is relatively recent: 

There have been 16 U.S. troops killed overseas since Biden took office, with 13 during the retreat from Afghanistan on Aug. 26, 2021, and three just five months ago in Jordan. Biden also glossed over the large number of U.S. troops that have perished in training incidents during his time in office.

In April 2023, nine soldiers were killed during a training exercise in Kentucky and 20 U.S. service members have been killed in Osprey-related crashed alone from March 2022 through November 2023, as noted by NBC News.

The Pentagon press secretary was asked about the discrepancy in a Friday press briefing, and whether she stands by the president’s statement…

“Thank you for the question. For more on the president’s comments and on the debate itself, I’d refer you to the White House,” spokesperson Sabrina Singh said, trying to deflect the question.

“But in terms of our service members who have been killed in some tragic events around the world … you’ve seen the president call these families to express condolences. This is someone that has intimately experienced the commitment and dedication of what our military does,” she added.

Singh was asked the same question a second time after the attempted dodge:

“Just to be clear, was the president’s statement incorrect?”

“Again, not trying to get involved in that,” Singh said.

A journalist pressed her for the third time: “Has President Biden had service members die anywhere in the world during his time in office?”

To which she reluctantly responded: “As you have reported on, we have certainly had service members pass during this administration, and you’ve seen not just the secretary, but the president, weigh in and comment and offer condolences,” Singh finally admitted. She clearly tried to initially desperately avoid contradicting Biden’s claim, but the truth proved too obvious in the end.

Does Biden himself even remember what he tried to claim in the Thursday night debate? 

Tyler Durden
Sat, 06/29/2024 – 21:35

Warren Buffett Reveals Plans For $130 Billion Fortune In His Will

Warren Buffett Reveals Plans For $130 Billion Fortune In His Will

Authored by Tom Ozimek via The Epoch Times,

Famed investor Warren Buffett has revealed details of his will, with the 93-year-old founder of Berkshire Hathaway charting a charitable course for his vast $130 billion fortune after he passes away.

In an interview with The Wall Street Journal, Mr. Buffett said that he intends for nearly all of his immense fortune to be put into a charitable trust that will be used to help the less fortunate.

“It should be used to help the people that haven’t been as lucky as we have been,” Mr. Buffett told the outlet.

His three children—Howard, Susan, and Peter Buffett—will manage the trust, he said. In order for a donation to be made, all three will have to be in agreement on the cause, he said.

“There’s eight billion people in the world, and me and my kids, we’ve been in the luckiest 100th of 1 percent or something,” Mr. Buffett said.

“There’s lots of ways to help people.”

In 2006, Mr. Buffett committed to making annual gifts to the Bill and Melinda Gates Foundation, as well as four foundations associated with his family.

At the time, it was a mystery what he would do with his fortune after his death. However, in the June 28 interview, Mr. Buffett revealed that the donations to the Bill and Melinda Gates Foundation would come to an end.

“The Gates Foundation has no money coming after my death,” Mr. Buffett told the outlet.

Besides that, the billionaire investor hasn’t prescribed to his children how to spend the money.

“I feel very, very good about the values of my three children, and I have 100 percent trust in how they will carry things out,” Mr. Buffett said.

In a press release issued on June 28, Mr. Buffett said the full contents of his will are to stay secret until his death, but that his Nov. 21, 2023, letter to shareholders set forth procedures of his will that are “unlikely to be changed before my death.”

‘Playing in Extra Innings’

In the Nov. 21, 2023, letter Mr. Buffett noted his advanced age while shedding light on the future governance of his vast fortune.

“I feel good but fully realize I am playing in extra innings,” he wrote.

At the time, he disclosed that his three children would serve as executors of his will and trustees of a charitable trust that would receive more than 99 percent of his wealth.

Mr. Buffett wrote in the letter that, when he started giving his fortune away in 2006, his children were not prepared to assume the “awesome responsibility” of managing the process. However, “they are now,” he said.

In his June 28 statement, Mr. Buffett announced that he had donated $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities.

The $5.3 billion was his biggest annual donation to date, bringing his total giving to the charities to roughly $57 billion.

Despite having given away more than half of his Berkshire stock since 2006, Buffett still owns about one-seventh of the outstanding shares.

“I have no debts and my remaining A shares are worth about $127 billion, roughly 99½ percent of my net worth,” Mr. Buffett said in the statement. “Nothing extraordinary has occurred at Berkshire; a very long runway, simple but generally sound capital deployment, the American tailwind and compounding effects produced my current wealth.’

“My will provides that more than 99 percent of my estate is destined for philanthropic usage,” he said.

Besides the Bill and Melinda Gates Foundation, Mr. Buffett has donated to the Susan Thompson Buffett Foundation, which funds abortion drugs; the Howard G. Buffett Foundation, which works to alleviate hunger and improve public safety; the Sherwood Foundation, which supports Nebraska nonprofits; and the NoVo Foundation, which has initiatives focused on minority girls and women.

Tyler Durden
Sat, 06/29/2024 – 21:00

He’s Just Sundowning: Biden Admin Spins Debate Meltdown – While Family ‘Oligarchy’ Decides Fate

He’s Just Sundowning: Biden Admin Spins Debate Meltdown – While Family ‘Oligarchy’ Decides Fate

How bad must those Hur tapes be?

Following President Joe Biden’s disastrous debate performance on Thursday, the world saw that his cognitive decline isn’t some right-wing conspiracy theory fueled by “cheapfakes” – and that the White House’s desperate attempts to cover for Biden’s obvious dementia were nothing more than propaganda.

It’s so bad that the NY Times Editorial Board has called for Biden to quit the 2024 race.

It’s so bad that the White House is now telling Axios that Biden is ‘dependably engaged’ between the hours of 10am to 4pm, and that outside of that range, he’s ‘more likely to have verbal miscues and become fatigued.’

In other words: he’s sundowning hard.

Which would explain why he looked like he swapped out Hunter’s Finest for his morning sugar at a mid-day rally on Friday, with no hint of a ‘cold’ we’ve been told explains his debate performance.

Yet, Biden will tune out calls to exit the race unless his ‘kitchen cabinet’ of lifelong family advisors counsels him to do so, Axios also reports.

Dave Smith explains during his debate recap:

According to Axios, “The only way President Biden steps aside, despite his debate debacle, is if the same small group of lifelong loyalists who enabled his run suddenly — and shockingly — decides it’s time for him to call it quits.”

Dr. Jill Biden; his younger sister, Valerie Biden; and 85-year-old Ted Kaufman, the president’s longtime friend and constant adviser — plus a small band of White House advisers — are the only Biden deciders.

…

This decades-long kitchen cabinet operates as an extended family, council of elders and governing oligarchy. These allies alone hold sway over decisions big and small in Biden’s life and presidency.

  • The president engaged in no organized process outside his family in deciding to run for a second term, the N.Y. Times’ Peter Baker reports.
  • Then Biden alone made the decision, people close to him tell us.

According to the report, if Biden refuses to quit – it’s because “He and the oligarchy believe he has a much better chance of being former President Trump than Vice President Harris does.”

Additionally, Axios also notes that:

  • Biden allies have played out the scenarios and see little chance of anyone besides Harris winning the nomination if he stepped aside.
  • Is the Democratic Party going to deny the nomination to the first woman, the first Black American, and the first South Asian American to be elected V.P.? Hard to see.
  • These allies privately think Harris would struggle to pull moderate and swing voters, and would enhance Trump’s chances. (Harris “fares only one or two points worse than Biden in polls with margins of sampling error that are much larger than that,” The Washington Post found.)

Meanwhile, Democratic congressional leaders are receiving panicked calls and texts from colleagues who think Biden’s weakness could also cost the party House and Senate seats in November.

“This is no longer about Joe Biden’s family or his emotions,” said one adviser who’s in ‘constant touch’ with the West Wing. “This is about our country. It’s an utter f***ing disaster that has to be addressed.“

Tyler Durden
Sat, 06/29/2024 – 20:25

Magical, Mysterious, And Sometimes Dangerous Food Ingredients That Are Impossible To Pronounce

Magical, Mysterious, And Sometimes Dangerous Food Ingredients That Are Impossible To Pronounce

Authored by Matthew Little via The Epoch Times (emphasis ours),

Not long ago, people could only dream of the foods we have today. Tasty, cheap, and ready to eat. They last forever, look great, and come in endless varieties. Ultra-processed foods are a dream come true.

Illustration by The Epoch Times

These new foods have achieved their incredible feats thanks to innovations in processing and a long list of additives that grant them superpowers denied to the foods eaten by previous generations.

Some of these additives do important work, like keep food bacteria-free or let it stay safe from spoiling without need for refrigeration. But others are “experiential” and do things like make the food bright red or give it a more satisfying texture.

Additives come in a variety of types. There are preservatives, flavorings, colors, stabilizers, emulsifiers, firming agents, humectants, and more. They have names like “titanium dioxide,” “sodium benzoate,” and “xanthan gum.” And the fact that people are living longer despite most Americans mostly eating ultra-processed foods would seem to indicate their safety.

Except that they are linked to many chronic diseases like cancer, and many other issues, including depression, and anxiety, and may contribute to cognitive decline. They may even be addictive.

Many additives have come under increasing scrutiny, with some states even banning some of them. And in some other countries, additives used in the United States have been banned for years.

While it’s easy to blame food makers for adding ingredients that may make us less healthy, the truth is that we buy what they sell, and ask for more—at the cheapest price possible.

My wife and I do stock some ready-to-eat foods though. Many grocery stores stock vacuum-sealed pouches of Indian food for $3, including rich dishes like baingan bharta, madras lentils, and palak paneer. The names may sound unfamiliar, but if you’ve ever eaten at an Indian restaurant, you know the food is well-flavored, typically a little expensive, and very satisfying.

And the thing that has always amazed me about the instant pouches is the stunning lack of weird ingredients. They are full of whole foods and spices with nothing that’s hard to pronounce. It makes me wonder what kind of foods the innovative companies in the United States could come up with if we really wanted them to.

America created ready-to-eat processed foods that have spread around the world, delivering exactly what we wanted in terms of price, flavor, and convenience. Now we just need to ask for foods with higher-quality ingredients and fewer additives that have uncertain effects on our brains and bodies.

Tyler Durden
Sat, 06/29/2024 – 19:50

Did Fauci Admit That School Closures Were A Mistake?

Did Fauci Admit That School Closures Were A Mistake?

Authored by Ian Miller via The Brownstone Institute,

Anthony Fauci actually concedes that he may have been mistaken?

Stop the presses!

It’s hard to believe considering the list of his policy failures, spectacular misinformation, and revisionist history is almost quite literally endless.

Yet in a recent media interview, Fauci stated that a nationwide policy that he supported actually didn’t work. Kinda.

If only he’d been willing to admit this years ago.

Dr. Anthony Fauci, one of the country’s foremost proponents of closing schools in a futile attempt to slow the spread of Covid, now admits that he may have taken it too far. Whoops!

Fauci is out on his book tour, doing the rounds with friendly media outlets in support of his self-congratulatory, revisionist exploration of the pandemic. And in an interview with CBS Mornings, Fauci explained that maybe, just maybe, keeping schools closed for years was actually a bad idea.

Co-host Tony Dokoupil asked Fauci about schools, and initially, Fauci downplayed what a disastrous result his advocacy caused. “One clear area seems to be the school closures, which did enormous harm to kids on multiple levels,” Dokoupil said, “and didn’t seem to save lives. And I wonder, can we say today that that is a mistake?”

Fauci, of course, said “No,” because admitting that a policy he authorized was an unmitigated failure would mean accepting his role in creating that failure. Instead, as is his usual procedure, he deflected blame onto others. Just as a good scientist should.

“Keeping it for a year was not a good idea,” Fauci said. “So, that was a mistake in retrospect?” Dokoupil asked. “We will not repeat it?”

“Absolutely, yeah,” Fauci replied.

Well, look who finally caught up to the damage he caused! And make no mistake, this most certainly is all on him.

WASHINGTON, DC – Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, speaks during a White House Coronavirus Task Force press briefing at the White House on November 19, 2020. (Photo by Tasos Katopodis/Getty Images)

Anthony Fauci Once Again Directly Contradicts Anthony Fauci

Fauci now pretends as if he had nothing to do with keeping schools closed long after they should have been reopened. But of course, that completely contracts his harmful, unconstitutional, ‘flatten the curve’ mandates to America in real-time during the height of the pandemic in 2020.

In September 2020, Fauci described reopening efforts as “very concerning.” Even earlier, when Florida Governor Ron DeSantis spoke about wanting to get schools open as soon as possible, Fauci criticized him and his plan: “If you have a situation where you don’t have real good control over an outbreak and you allow children together, they will likely get infected.”

Fauci also criticized Sen. Rand Paul for pushing for schools to open amid the clear realization that children were not at significant risk of serious side effects from Covid. “I think we better be careful that we’re not cavalier, in thinking that children are completely immune to the deleterious effects,” he said at the time.

Then in 2022, he told ABC News, “I don’t want to use the word ‘mistake,’” when referring to school closures. “If I do, it gets taken out of the context that you’re asking me the question on,” he continued. “We should realize, and have realized, that there will be deleterious collateral consequences when you do something like that.”

But that was exactly the sentiment of DeSantis, and even former President Donald Trump in 2020. They warned that keeping kids home wasn’t going to save lives or even prevent the spread of the virus. And as we saw from Europe’s results, they were right. Fauci criticized them regardless because he not only supported school closures, but he even demanded they do so.

Even now, he still speaks derisively about Dr. Scott Atlas, whose top priority on the Covid task force was getting schools open. In another MSNBC interview, Fauci said that Atlas told Trump “everything he wanted to hear.”

Fauci didn’t want schools open, because he mistakenly believed closing them and other public spaces would have an impact on the spread of Covid. It didn’t. Just like masks didn’t have an impact, or vaccine passports, or getting huge numbers of people vaccinated. Nothing Fauci said would help actually worked. But admitting that is an impossibility for someone whose ego, willingness to hide information and condescending, patronizing attitude don’t allow for mistakes.

And his Covid mandates were undoubtedly used for more malicious purposes than ‘stopping the spread’ of a virus.

*  *  *

Republished from the author’s Substack

Tyler Durden
Sat, 06/29/2024 – 18:40