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The Fed Proposes A 4th Function Of Money: Means Of Social Control

The Fed Proposes A 4th Function Of Money: Means Of Social Control

Authored by Mike Shedlock via MishTalk.com,

A Federal Reserve white paper has come up with a new function for money. Let’s tune in…

Docket No. OP – 1670

Please consider Docket No. OP – 1670 on Interbank Settlement of Faster Payments. 

The Federal Reserve Board announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow Service, to support faster payments in the United States. 

This is a direct response to the threat posed by digital currencies and blockchain. According to one Fed official, “Last summer, the U.S. Treasury recommended that ‘the Federal Reserve move quickly to facilitate a faster retail payments system, such as through the development of a real-time settlement service, that would also allow for more efficient and ubiquitous access to innovative payment capabilities.”‘ We believe this effort requires a proof-of-authority quantum computing based blockchain system

As we noted in our paper “Blockchain, Cryptocurrency and the Future of Monetary Policy,” confidential, not-for-distribution research sent to select members of the House Financial Services Committee, it is critical to understand that bitcoin was created in direct response to the failure of global regulators to protect the public in the years leading up to the financial crisis of 2007/2008. Thus, the ethical and monetary functionality of cryptocurrency is superior to that of paper money. Eventually, cryptocurrency is going to dominate. 

As also noted in our paper, “The main economic attributes of a technically effective currency rests on three functions: as a unit of account, a store of value and as a medium of exchange.”

But there is a fourth function of money: as a means of social control. The centralized monopoly over the functions of money held by sovereign governments and central banks has generated great income and wealth imbalances. Concerns about a lack of central bank performance with respect to financial inclusion, income inequality, economic system stability and the tendency of central banks to intermediate on behalf of large financial institutions supported the creation of cryptocurrency”

As we noted in a second paper “Is FedCoin Feasible?” another confidential, not-for-distribution research paper sent to select members of the House Financial Services Committee, we suggest the Board focus on using an enhanced Bitcoin blockchain to “support depository institutions’ provision of end-to-end faster payment services and would provide infrastructure to promote ubiquitous, safe, and efficient faster payments in the United States.” 

Confidential Not for Publication

The Fed is sending “confidential, not-for-distribution research” to select members of the House Financial Services Committee espousing money as a means of social control.

The confidential Fed research express concerns over income inequality and fears of Bitcoin.

The link above was published in October of 2019, but it just came my way today. 

The rest is confidential, sent no doubt to select Marxists on the House Financial Services Committee who want to address income inequality by income redistribution.

What we don’t know is how much further progress has been made towards income redistribution and social control. Nor do we know what other ideas regarding money are hidden in the papers.

Seriously, WTF?!

Fed Policy: It’s Not Fractional Reserve Banking, It’s ZERO Reserve Banking

Meanwhile, please note Fed Policy: It’s Not Fractional Reserve Banking, It’s ZERO Reserve Banking

There’s nothing like a Fed-sponsored bank crisis coupled with zero reserves on deposits to help aid the goals of using money as a means of social control.

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Tyler Durden
Thu, 03/23/2023 – 07:20

Distressed Debt Soars By 29%, Or $66 Billion, In One Week Amid Surge In Bankruptcies

Distressed Debt Soars By 29%, Or $66 Billion, In One Week Amid Surge In Bankruptcies

The cascade of defaulted regional US banks is blowing out the circulating inventory of distressed debt which expanded by about $65.9 billion last week as US insolvency courts saw six new, large bankruptcy filings, according to data compiled by Bloomberg.

The heap of dollar-denominated corporate bonds and loans in the Americas trading at distressed levels rose to $295.4 billion in the week ended Friday, a 28.7% increase from $229.5 billion a week earlier, Bloomberg-compiled data show.

Source: Bloomberg

Last week’s bankruptcy filings include the Chapter 11 petitions of sports broadcaster Diamond Sports Group as well as SVB Financial Group, the former parent company of Silicon Valley Bank.

In total, there were 48 large bankruptcy filings – those related to at least $50 million of liabilities – this year through March 20. That’s the highest since 2009, which saw 88 large cases through March 20, per Bloomberg-compiled data.

Tyler Durden
Thu, 03/23/2023 – 06:55

‘Operation Choke Point 2.0’ May Have Contributed To SVB’s Collapse: Mulvaney

‘Operation Choke Point 2.0’ May Have Contributed To SVB’s Collapse: Mulvaney

Authored by Luke Huigsloot via CoinTelegraph.com,

While the existence of “Operation Choke Point 2.0” has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy…

If the United States government really is implementing “Operation Choke Point 2.0,” it will hurt financial stability and may have contributed to the collapse of Silicon Valley Bank, according to Donald Trump’s former acting White House chief of staff, Mick Mulvaney.

“I don’t want to think that the government would actually do that,” Mulvaney said in a March 22 Bloomberg interview in reference to the rumored operation. He did however recall attending hearings on the original Operation Choke Point — a government initiative that aimed to limit certain industries’ access to U.S. banking services.

“You have to wonder if there’s not certain policies that the administration is putting in place that have — perhaps the intended, perhaps the unintended — consequences of raising the risk, and of increasing instability, and did we just see that at SVB?” he added.

“Were people at SVB because they were really good at it, or was there some factor in there that said we’re at SVB because no one else will take us.”

Mulvaney elaborated that he believes crypto played no role in the downfall of SVB and suggested poor risk management was to blame. He implied, however, that the pressure being put on U.S. banks to avoid crypto may have contributed to SVB’s collapse.

“Operation Choke Point 2.0” is a term coined by Coin Metrics co-founder Nic Carter to refer to an apparently coordinated effort to discourage banks from holding crypto deposits or providing banking services to crypto firms on the basis of “safety and soundness” for the banking system.

While is it unclear whether “Operation Choke Point 2.0” is an official strategy, Carter has claimed there is evidence supporting its existence.

In a Feb. 9 blog post, Carter outlined some supposed evidence, highlighting a Jan. 3 joint statement on crypto assets from the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), which warned that decentralized blockchain networks are “highly likely to be inconsistent with safe and sound banking practices.”

More recently, critics pointed to the FDIC’s different treatment of crypto assets during the takeover of Signature Bank as further proof of the existence of “Operation Choke Point 2.0.”

Tyler Durden
Thu, 03/23/2023 – 06:30

Watch: MSNBC Panel Says That Criticising George Soros In Any Way Is “Dangerous”

Watch: MSNBC Panel Says That Criticising George Soros In Any Way Is “Dangerous”

Authored by Steve Watson via Summit News,

During a discussion on the potential Trump indictment, an MSNBC panel claimed that Trump supporters, and anyone else for that matter, are “dangerous” for criticising George Soros.

Perpetual race baiting grifter Joy Reid turned to former CIA officer Tracy Walder, and said “The fact that they keep throwing George Soros’ name, we’ve talked a lot in our show meetings, is it definitely feels like a dog whistle that is dangerous.”

Walder replied, “It absolutely feels like a dog whistle that’s dangerous.”

She continued, “Look, most of these groups, the Oath Keepers, Boogaloo Boys, Proud Boys, they all subscribe to what you are all referring to as the great replacement theory.”

“This is why we see these spikes in racism and anti-semitism,” and “they are ascribing to this belief and it’s stoking this division,” Walder added. 

She then suggested that “Trump has for multiple years now called for a civil war.”

There were no actual facts provided as to why criticising George Soros’ manipulation of U.S. politics and culture is racist.

Watch:

Of course, Joy Reid and MSNBC are going to propagandise for Soros, given that he pumps millions into Democrat election campaigns, as well as “black-led justice organizations”.

Soros Has Pumped $50 MILLION (So Far) Into 2020 Democrat Election Campaigns

Soros Foundation Announces It Is ‘Doubling Down’ On Funding “Black-led Justice Organizations”

Is journalist Glenn Greenwald a dangerous racist for pointing out how Soros continually seeks to control the reality narrative?

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Tyler Durden
Thu, 03/23/2023 – 03:30

US Moves Drone Flight Paths Further From Crimea On Russian Threats Of “Countermeasures”

US Moves Drone Flight Paths Further From Crimea On Russian Threats Of “Countermeasures”

Russia is again putting the US on notice after last week’s drone intercept incident which resulted in an American MQ-9 Reaper drone crashing into the Black Sea. The Pentagon said it intended to continue patrolling international territory despite the Kremlin asserting it had closed down some airspace over the Black Sea as part of its ‘special operation’ in Ukraine.

Russia’s Deputy Foreign Minister Sergei Ryabkov in a new warning has said Moscow will take “countermeasures” against any further US or NATO drone flights over these parts of the Black Sea where the intercept incident occurred.

“We warn them against trying to play on their nerves, testing our patience,” Ryabkov said, according to RIA Novosti. The US drone “was in a zone where we introduced a special regime associated with conducting military exercises,” he said.

March 14 incident – Handout via Reuters

He vowed that Russia’s sovereignty and security will be ensured “by all means available” and that “no American drones, whether reconnaissance, strike, strategic or any other kind” will “shake their determination.”

According to sources cited in CNN, the Pentagon has altered the paths of its drone flights further away from the Crimea peninsula on fears that another incident such as last week’s could spark a shooting war with Russia:

The drone flights have remained in international airspace, but since the collision between one of the Russian jets and the MQ-9 Reaper drone last Tuesday, the US has moved its drone flights further away from airspace surrounding the Crimean peninsula and eastern portions of the Black Sea.

One of the officials said the routes are part of an effort “to avoid being too provocative,” as the Biden administration remains careful to avoid an incident that could potentially escalate into a direct conflict between US and Russian forces.

And more: 

The official said the drone flights would continue this way “for the time being,” but added there is already “an appetite” to return to the routes closer to Russian-held territory

We are soon likely to witness more jostling over airspace in the Black Sea, and in response Russia will continue to assert more of its red lines, possibly again by force as was the case with the Reaper drone. Meanwhile the Russians are still reportedly trying to recovered the downed US drone, which reportedly sank in very deep waters.

Tyler Durden
Thu, 03/23/2023 – 02:45

US Army Establishes 1st Permanent Garrison On NATO’s Eastern Flank

US Army Establishes 1st Permanent Garrison On NATO’s Eastern Flank

Authored by Kyle Anzalone via The Libertarian Institute, 

The US Army has officially opened its first permanent military garrison on NATO’s “eastern flank” in a ceremony on Tuesday. 

Stretching from the Baltics to the Black Sea, the eastern portion of the North Atlantic bloc is made up of eight nations – all former members of the USSR or Warsaw Pact. The US Army’s V Corps will now have a lasting presence at Camp Kosciuszko in Poland

The V Corps’ commanding general, Lt. Gen. John Kolasheski, explained the garrison showed that Washington is deepening its military commitments in Eastern Europe. “The relationship of the US and Poland serves as an example of the deepening ties throughout the alliance,” he said, adding “today’s activation ceremony is a tangible reminder of the growth in our relationship.”

As the Soviet Union crumbled in the early 1990s, Western leaders repeatedly assured Moscow that NATO would not expand into former USSR states or establish bases in Eastern Europe. However, since the George H.W. Bush administration offered those guarantees, all subsequent US presidents have violated the pledge and pushed NATO’s military footprint closer to Russia’s borders

Polish Defense Minister Mariusz Błaszczak described the garrison as “historic,” saying that Warsaw has been “striving for this for years – for this word ‘permanent’ – and it has now become fact.” He continued, “this is a historic moment, a sign that the United States is committed to Poland and NATO, and that we are united in the face of Russian aggression.”

The Pentagon currently has two officers stationed at Camp Kosciuszko and 200 additional troops at the base on a rotational basis. As Washington had already kept about 10,000 troops in Poland previously, an analyst at the Polish Institute of International Affairs, Artur Kacprzyk, argued the significance of the new garrison “is primarily symbolic.”

Poland has been a key hub for Western arms shipments to Ukraine given its location. While Camp Kosciuszko is not located near the border, an American diplomat explained the garrison was created to confront Russia. In a statement shared on Twitter, US Ambassador to Poland Mark Brzezinski said the decision to open a long-term base proves that “the United States is committed to Poland and the NATO alliance, and that we are united in the face of Russian aggression,” using verbiage nearly identical to Warsaw’s defense chief.

Tyler Durden
Thu, 03/23/2023 – 02:00

Circus Politics Are Intended To Distract Us. Don’t Be Distracted

Circus Politics Are Intended To Distract Us. Don’t Be Distracted

Authored by John and Nisha Whitehead via The Rutherford Institute,

“There is nothing more dangerous than a government of the many controlled by the few.”

– Lawrence Lessig, Harvard law professor

It is easy to be distracted right now by the bread and circus politics that have dominated the news headlines lately, but don’t be distracted.

Don’t be fooled, not even a little.

We’re being subjected to the oldest con game in the books, the magician’s sleight of hand that keeps you focused on the shell game in front of you while your wallet is being picked clean by ruffians in your midst.

This is how tyranny rises and freedom falls.

What characterizes American government today is not so much dysfunctional politics as it is ruthlessly contrived governance carried out behind the entertaining, distracting and disingenuous curtain of political theater. And what political theater it is, diabolically Shakespearean at times, full of sound and fury, yet in the end, signifying nothing.

We are being ruled by a government of scoundrels, spies, thugs, thieves, gangsters, ruffians, rapists, extortionists, bounty hunters, battle-ready warriors and cold-blooded killers who communicate using a language of force and oppression.

The U.S. government now poses the greatest threat to our freedoms.

More than terrorism, more than domestic extremism, more than gun violence and organized crime, even more than the perceived threat posed by any single politician, the U.S. government remains a greater menace to the life, liberty and property of its citizens than any of the so-called dangers from which the government claims to protect us.

No matter who has occupied the White House in recent years, the Deep State has succeeded in keeping the citizenry divided and at each other’s throats.

After all, as long as we’re busy fighting each other, we’ll never manage to present a unified front against tyranny in any form.

Unfortunately, what we are facing is tyranny in every form.

The facts speak for themselves.

We’re being robbed blind by a government of thieves. Americans no longer have any real protection against government agents empowered to seize private property at will. For instance, police agencies under the guise of asset forfeiture laws are taking Americans’ personal property based on little more than a suspicion of criminal activity and keeping it for their own profit and gain. In one case, police seized more than $17,000 in cash from two sisters who were trying to start a dog breeding business. Despite finding no evidence of wrongdoing, police held onto the money for months. Homeowners are losing their homes over unpaid property taxes (as little as $2300 owed) that amount to a fraction of what they have invested in their homes. And then there’s the Drug Enforcement Agency, which has been searching train and airline passengers and pocketing their cash, without ever charging them with a crime.

We’re being taken advantage of by a government of scoundrels, idiots and cowards. Journalist H.L. Mencken calculated that “Congress consists of one-third, more or less, scoundrels; two-thirds, more or less, idiots; and three-thirds, more or less, poltroons.” By and large, Americans seem to agree. When you’ve got government representatives who spend a large chunk of their work hours fundraising, being feted by lobbyists, shuffling through a lucrative revolving door between public service and lobbying, and making themselves available to anyone with enough money to secure access to a congressional office, you’re in the clutches of a corrupt oligarchy. Mind you, these same elected officials rarely read the legislation they’re enacting, nor do they seem capable of enacting much legislation that actually helps the plight of the American citizen. More often than not, the legislation lands the citizenry in worse straits.

We’re being locked up by a government of greedy jailers. We have become a carceral state, spending three times more on our prisons than on our schools and imprisoning close to a quarter of the world’s prisoners, despite the fact that crime is at an all-time low and the U.S. makes up only 5% of the world’s population. The rise of overcriminalization and profit-driven private prisons provides even greater incentives for locking up American citizens for such non-violent “crimes” as having an overgrown lawn. As the Boston Review points out, “America’s contemporary system of policing, courts, imprisonment, and parole … makes money through asset forfeiture, lucrative public contracts from private service providers, and by directly extracting revenue and unpaid labor from populations of color and the poor. In states and municipalities throughout the country, the criminal justice system defrays costs by forcing prisoners and their families to pay for punishment. It also allows private service providers to charge outrageous fees for everyday needs such as telephone calls. As a result people facing even minor criminal charges can easily find themselves trapped in a self-perpetuating cycle of debt, criminalization, and incarceration.”

We’re being spied on by a government of Peeping Toms. The government, along with its corporate partners, is watching everything you do, reading everything you write, listening to everything you say, and monitoring everything you spend. Omnipresent surveillance is paving the way for government programs that profile citizens, document their behavior and attempt to predict what they might do in the future, whether it’s what they might buy, what politician they might support, or what kinds of crimes they might commit. The impact of this far-reaching surveillance, according to Psychology Today, is “reduced trust, increased conformity, and even diminished civic participation.” As technology analyst Jillian C. York concludes, “Mass surveillance without due process—whether undertaken by the government of Bahrain, Russia, the US, or anywhere in between—threatens to stifle and smother that dissent, leaving in its wake a populace cowed by fear.”

We’re being ravaged by a government of ruffians, rapists and killers. It’s not just the police shootings of unarmed citizens that are worrisome. It’s the SWAT team raids gone wrongmore than 80,000 annually—that are leaving innocent citizens wounded, children terrorized and family pets killed. It’s the roadside strip searches—in some cases, cavity searches of men and women alike carried out in full view of the public—in pursuit of drugs that are never found. It’s the potentially lethal—and unwarranted—use of so-called “nonlethal” weapons such as tasers on children for “mouthing off to a police officer. For trying to run from the principal’s office. For, at the age of 12, getting into a fight with another girl.”

We’re being forced to surrender our freedoms—and those of our children—to a government of extortionists, money launderers and professional pirates. The American people have repeatedly been sold a bill of goods about how the government needs more money, more expansive powers, and more secrecy (secret courts, secret budgets, secret military campaigns, secret surveillance) in order to keep us safe. Under the guise of fighting its wars on terror, drugs and now domestic extremism, the government has spent billions in taxpayer dollars on endless wars that have not ended terrorism but merely sown the seeds of blowback, surveillance programs that have caught few terrorists while subjecting all Americans to a surveillance society, and militarized police that have done little to decrease crime while turning communities into warzones. Not surprisingly, the primary ones to benefit from these government exercises in legal money laundering have been the corporations, lobbyists and politicians who inflict them on a trusting public.

We’re being held at gunpoint by a government of soldiers: a standing army. As if it weren’t enough that the American military empire stretches around the globe (and continues to leech much-needed resources from the American economy), the U.S. government is creating its own standing army of militarized police and teams of weaponized, federal bureaucrats. These civilian employees are being armed to the hilt with guns, ammunition and military-style equipment; authorized to make arrests; and trained in military tactics. Among the agencies being supplied with night-vision equipment, body armor, hollow-point bullets, shotguns, drones, assault rifles and LP gas cannons are the Smithsonian, U.S. Mint, Health and Human Services, IRS, FDA, Small Business Administration, Social Security Administration, National Oceanic and Atmospheric Administration, Education Department, Energy Department, Bureau of Engraving and Printing and an assortment of public universities. There are now reportedly more bureaucratic (non-military) government civilians armed with high-tech, deadly weapons than U.S. Marines. That doesn’t even begin to touch on the government’s arsenal, the transformation of local police into extensions of the military, and the speed with which the nation could be locked down under martial law depending on the circumstances.

Whatever else it may be—a danger, a menace, a threat—the U.S. government is certainly no friend to freedom.

To our detriment, the criminal class that Mark Twain mockingly referred to as Congress has since expanded to include every government agency that feeds off the carcass of our once-constitutional republic.

The government and its cohorts have conspired to ensure that the only real recourse the American people have to hold the government accountable or express their displeasure with the government is through voting, which is no real recourse at all.

Consider it: the penalties for civil disobedience, whistleblowing and rebellion are severe. If you refuse to pay taxes for government programs you believe to be immoral or illegal, you will go to jail. If you attempt to overthrow the government—or any agency thereof—because you believe it has overstepped its reach, you will go to jail. If you attempt to blow the whistle on government misconduct, you will go to jail. In some circumstances, if you even attempt to approach your elected representative to voice your discontent, you can be arrested and jailed.

You cannot have a republican form of government—nor a democratic one, for that matter—when the government views itself as superior to the citizenry, when it no longer operates for the benefit of the people, when the people are no longer able to peacefully reform their government, when government officials cease to act like public servants, when elected officials no longer represent the will of the people, when the government routinely violates the rights of the people and perpetrates more violence against the citizenry than the criminal class, when government spending is unaccountable and unaccounted for, when the judiciary act as courts of order rather than justice, and when the government is no longer bound by the laws of the Constitution.

We no longer have a government “of the people, by the people and for the people.”

Rather, what we have is a government of wolves.

For too long, the American people have obeyed the government’s dictates, no matter now unjust.

We have paid its taxes, penalties and fines, no matter how outrageous. We have tolerated its indignities, insults and abuses, no matter how egregious. We have turned a blind eye to its indiscretions and incompetence, no matter how imprudent. We have held our silence in the face of its lawlessness, licentiousness and corruption, no matter how illicit.

How long we will continue to suffer depends on how much we’re willing to give up for the sake of freedom.

For the moment, the American people seem content to sit back and watch the reality TV programming that passes for politics today. It’s the modern-day equivalent of bread and circuses, a carefully calibrated exercise in how to manipulate, polarize, propagandize and control a population.

As French philosopher Etienne de La Boétie observed half a millennium ago:

“Plays, farces, spectacles, gladiators, strange beasts, medals, pictures, and other such opiates, these were for ancient peoples the bait toward slavery, the price of their liberty, the instruments of tyranny. By these practices and enticements the ancient dictators so successfully lulled their subjects under the yoke, that the stupefied peoples, fascinated by the pastimes and vain pleasures flashed before their eyes, learned subservience as naively, but not so creditably, as little children learn to read by looking at bright picture books.”

The bait towards slavery. The price of liberty. The instruments of tyranny.

Yes, that sounds about right.

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, “We the people” have learned only too well how to be slaves.

Tyler Durden
Thu, 03/23/2023 – 00:00

Why Hypersonic Weapons Change Everything

Why Hypersonic Weapons Change Everything

Authored by Alex Krainer via TrendCompass,

When it comes to all matters military, I have been following a handful of analysts among whom Croatian Admiral Davorin Domazet (retired) emerged as perhaps my favorite. He has deep and detailed command of technical matters (like Andreiy Martyanov he insists that you can’t prevail in modern warfare without deep knowledge of of advanced mathematics and probability). More importantly, he has perhaps the clearest understanding of the broad historical context of today’s clash between Russia and the western powers.

Unfortunately, Admiral Domazet does not give many interviews and none in English, but I thought that his last one was important enough to share more broadly in this article.

If you happen to speak Croatian/Serbian languages, you can find the interview, published on 17 March 2023 at this link. It runs over 2 hours.

The context is everything

Domazet is the only military analyst that I know of, who takes into account the history of western financial oligarchy, their Venetian roots, migration to Amsterdam where they formed the Dutch Empire, and subsequent move to London which, to this day remains the ideological and spiritual headquarters of the undead British Empire.

He has correctly labelled humanity’s enemy as the “western occult oligarchy,” and has even called the war in Ukraine as the clash between Christ and anti-Christ, underlining that the anti-Christ is in the west. Mind you Croatia is a NATO member state and is, like Poland, a catholic Slavic nation, sharing even some of its cultural Russophobia (though it may not be quite as rabid in Croatia as it is in Poland).

About Russia’s hypersonic weapons

However, the part of Domazet’s last interview that I found particularly worth sharing wass what he laid out about Russia’s hypersonic weapons.

It was in 2018 that Vladimir Putin took the stage to present Russia’s new hypersonic weapons. The term “hypersonic” refers to missiles that fly at speeds of 5 mach and higher. At the time, many in the west dismissed Putin’s claims and thought it was a bluff. We now know that he wasn’t bluffing. Russia is the only country in the world that has deployment-ready hypersonic missiles – not one but three types: Zircons, Kinzhals and Avantguards. 

Domazet explained why these weapons are radical game changers in warfare. Namely, in World War 1, tanks were the game changing military technology; since World War 2, it’s been the air-force. Aircraft carrier strike groups have been an irresistible force wherever they travelled, dominating the seas ever since. But hypersonic precision missiles have rendered that force obsolete overnight.

The main military front in today’s global conflict, according to Domazet, are the Anti-Ballistic (ABM) batteries which the US has set up on the Poland-Romania axis, and the Russians on the North Pole-Kaliningrad-Crimea-Syria axis. These are defensive systems, conceived to intercept incoming nuclear missiles. However, today’s ABM systems are only effective against missiles flying at speeds up to mach 3.5 (3.5 x the speed of sound).

The Kinzhal turns mighty aircraft carrier strike groups into sitting ducks

Russia’s new Kinzhal missile flies at speeds of mach 12 to mach 15 and nothing in western defensive arsenals can stop its strike. During the war in Ukraine, Russia a stunning demonstration of its power. The first Kinzhal strike, delivered one month after the beginning of hostilities in Ukraine, was perhaps the most significant: Russian forces targeted a large weapons depot in Ukraine which had been built to withstand a nuclear strike. It was buried 170 meters (over 500 ft) underground and protected by several layers of armored concrete.

The Kinzhal flies at altitudes of between 20 and 40 km, with a maximum range of 2,000 km. When above target, it dives perpendicularly and accelerates to 15 mach, gathering enormous kinetic energy in addition to its explosive payload. That first strike with a single Kinzhal missile destroyed Ukraine’s nuke-proof underground weapons depot. This was a message for the west. 

Moscow calling: we can sink ALL your carriers

The Kinzhal was developed with the express purpose of destroying aircraft carrier strike groups. If it could destroy a warehouse built to withstand a nuclear strike, it can cut through an aircraft carrier like a hot knife through butter.

According to Admiral Domazet, neither the western powers nor China are anywhere near having weapons like that. He explained that the critical issue with hypersonic weapons are the extreme temperatures reached during hypersonic flights on the surface of missiles, which can cause the missiles to break apart mid-flight. Russia is the only nation that has developed special materials that enable the missiles to withstand this stress, so their flight can be controlled throughout its trajectory and delivered with pinpoint accuracy.

Western intelligence estimated that Russia had some 50 Kinzhals at the start of the war in Ukraine, and thus far it has used only 9 of them. Last week, they fired six Kinzhals in a single salvo. That too, was a message. Here’s how Domazet explained it: United States have 11 aircraft carrier strike groups. Of these, fewer than half will be active at any one time (while others are in dock for maintenance, or in preparation). Firing six Kinzhals in one go is military-speak for, “we have the capability to sink ALL of your aircraft carriers in at once.”

Russia will run out of ammunitions any minute now, (experts say)…

Russia has the capacity to build about 200 of them per year and now has means of delivering them anywhere from aircraft, ships and submarines. In addition to destroying aircraft carriers, they can destroy NATOs ABM missile sites also. In a nutshell, Russia has – for now – won the arms race.

It could take the western powers 10 years or longer to catch up and until then, the only way to avoid losing the war is to either concede defeat and accept Russia’s security demands, or to escalate the conflict to nuclear exchange.

A conservative estimate suggests that at least a billion people would perish in such a conflict and nobody would win. Who would do such a thing? The idea of using nuclear weapons is, in fact, so repugnant that we can be assured that our leaders will never chose the path of escalation. Surely, nobody’s that evil, are they?

Alex Krainer – @NakedHedgie is the creator of I-System Trend Following and publisher of daily TrendCompass reports. For US investors, we propose an inflation/recession resilient portfolio covering a basket of 30+ financial and commodities markets; in 2022, we significantly outperformed the S&P 500 as well as the 60/40 death trap investment model. For more information, you can drop me a comment or an email to xela.reniark@gmail.com

Alex Krainer’s TrendCompass is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Tyler Durden
Wed, 03/22/2023 – 23:00

“Totally Exculpatory”: Purported Cohen Letter To FEC Could Hobble Manhattan DA’s Trump Case

“Totally Exculpatory”: Purported Cohen Letter To FEC Could Hobble Manhattan DA’s Trump Case

A letter purported to be from Michael Cohen’s attorney says that Cohen acted alone when he paid Stormy Daniels in 2016 – a revelation which could undercut Manhattan DA Alvin Bragg’s case against Donald Trump.

“In a private transaction in 2016, before the U.S. presidential election, Mr. Cohen used his own personal funds to facilitate a payment of $130,000 to Ms. Stephanie Clifford [Stormy Daniels],” reads the 2018 letter from Cohen attorney Stephen Ryan to the Federal Election Commission, which asserts that Trump was not involved in the hush payment to the former porn star.

“Neither the Trump Organization nor the Trump campaign was a party to the transaction with Ms. Clifford, and neither reimbursed Mr. Cohen for the payment directly or indirectly.”

Trump posted the letter on Truth Social on Wednesday evening, saying “Wow, look what was just found—A Letter from Cohen’s Lawyer to the Federal Election Commission,” adding “This is totally exculpatory, and must end the Manhattan District Attorney’s Witch Hunt, immediately.

Cohen admits that he did it himself. The D.A. should get on with prosecuting violent criminals, so people can walk down the sidewalks of New York without being murdered!”

As Just the News notes,

If authentic, the document could indeed be exculpatory for Trump. A potential charge legal experts have floated hinges on Trump falsifying his business records to hide a potential campaign finance violation.

Trump’s alleged falsification stems from his listing of a payment to Cohen as a legal fee, which some have suggested was a reimbursement for Cohen’s payment to Daniels. Trump’s lawyer, Joe Tacopina, denies the record’s inaccuracy and has contended that “[t]he payments were made to a lawyer, not to Stormy Daniels. The payments were made to Donald Trump’s lawyer, which would be considered legal fees.”

In short:

 

Tyler Durden
Wed, 03/22/2023 – 22:55

Coronal Hole ’30 Times Earth’s Size’ Hurls Solar Plasma Towards Earth

Coronal Hole ’30 Times Earth’s Size’ Hurls Solar Plasma Towards Earth

NASA’s Solar Dynamics Observatory released a photo showing a massive coronal hole forming in the sun’s atmosphere, ejecting a stream of fast-moving solar winds toward Earth. 

“The current coronal hole, the big one right now, is about 300,000 to 400,000 kilometers across,” Alex Young, the associate director for science at NASA Goddard’s Heliophysics Science Division, told Bussiness Insider. He said, “that’s about 20-30 Earths lined up back-to-back.” 

Young said coronal holes unleash solar winds that can travel between 500-800 km per second. He explained the coronal mass ejection would reach Earth by Friday. 

“We will probably start seeing the effects of the high-speed wind on March 24.

“When the high-speed wind reaches Earth, the particles and the magnetic field it carries will interact with Earth’s magnetic field, effectively rattling it or like ringing a bell,” he said. 

Space Weather website SolarHam said when the solar winds hit Earth, it will produce a moderate (G2) geomagnetic storm. 

Here’s a visual of the CME’s impacts on modern society

In addition to this week’s geomagnetic storm risk, Sunspot Cycle 25 has already started and is anticipated to be active. This could spell trouble for the digital economy, as disruptions caused by solar flares may lead to economic harm.

Last year, Elon Musk’s satellite internet service Starlink lost 40 satellites after a geomagnetic storm knocked them out of orbit. 

Tyler Durden
Wed, 03/22/2023 – 22:40