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Wheat Prices Slide On Black Sea Grain Deal Extension

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Wheat Prices Slide On Black Sea Grain Deal Extension

Wheat prices slid Thursday after a United Nations-brokered deal allowing exports of farm goods from Ukraine was extended for 120 days, reported Bloomberg

The Black Sea Grain Initiative was initially agreed upon in July and ended a five-month Russian blockade of Ukraine’s seaports, allowing millions of tons of farm goods to leave Ukraine — a major ag exporter to the world — to countries across Asia, Europe, and Africa. 

“I welcome the agreement by all parties to continue the Black Sea Grain Initiative, “UN Secretary-General Antonio Guterres said in a statement, while Ukraine’s President Volodymyr Zelensky tweeted that Guterres and Turkish President Recep Tayyip Erdogan worked together to extend the deal. He added: “waiting for an official announcement from partners.” 

There was no comment from Moscow, and Russian state-run media Tass said discussions continued.

Last month, Russia suspended its participation in the deal after a swarm of drones targeted at least one Russian warship from the Black Sea navy. Only days later, Moscow rejoined the agreement to allow for the continued export of Ukrainian grain through the Black Sea ‘safety corridor’. 

News of the extension sent grain market prices sliding Thursday morning. Chicago wheat futures fell more than 2%. 

In mid-Oct., Moscow had “repeatedly” voiced concern about the deal because its implementation presented Russian exporters with challenges to sell farm goods and fertilizer into global markets. 

The UN said it’s “fully committed to removing the remaining obstacles to exporting food and fertilizers from the Russian Federation.”

There are still mounting concerns that an ongoing global food crisis could worsen in 2023 and cause continued havoc for emerging market economies. 

Tyler Durden
Thu, 11/17/2022 – 09:10

Final G20 Decree: “Most Members” Condemn Russia

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Final G20 Decree: “Most Members” Condemn Russia

Authored by Dave DeCamp via AntiWar.com,

At the end of the Group of 20 summit in Bali, Indonesia, the group released a joint declaration that said “most members” condemned the Russian invasion of Ukraine but acknowledged there are differing views, as Moscow is a G20 member.

The declaration reads: “Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy.”

It added that there were “other views and different assessments of the situation and sanctions. Recognizing that the G20 is not the forum to resolve security issues, we acknowledge that security issues can have significant consequences for the global economy.”

Pool via Reuters

It wasn’t clear if the G20 leaders would issue a joint statement as a previous summit of G20 foreign ministers failed to do so over divisions about the war in Ukraine. Other G20 members besides Russia have been hesitant to condemn the war, including China.

Many members have not followed the US in sanctioning Russia, including China, India, Brazil, and Indonesia.

A day earlier, Russian Foreign Minister Sergey Lavrov, who attended the summit for Vladimir Putin, accused the West of trying to “politicize” the joint declaration, but the Kremlin said Wednesday that it was satisfied with what was released.

“Different approaches and different views on the issue were taken into account and recorded in the declaration,” said Kremlin spokesman Dmitry Peskov.

* * *

Below is Article 3 of the final G20 Bali Leaders’ Declaration:

This year, we have also witnessed the war in Ukraine further adversely impact the global economy. There was a discussion on the issue. We reiterated our national positions as expressed in other fora, including the UN Security Council and the UN General Assembly, which, in Resolution No. ES-11/1 dated 2 March 2022, as adopted by majority vote (141 votes for, 5 against, 35 abstentions, 12 absent) deplores in the strongest terms the aggression by the Russian Federation against Ukraine and demands its complete and unconditional withdrawal from the territory of Ukraine. Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy – constraining growth, increasing inflation, disrupting supply chains, heightening energy and food insecurity, and elevating financial stability risks. There were other views and different assessments of the situation and sanctions. Recognizing that the G20 is not the forum to resolve security issues, we acknowledge that security issues can have significant consequences for the global economy.

Tyler Durden
Thu, 11/17/2022 – 08:49

US Single-Family Housing Permits Plunge To COVID Crisis Lows, Starts Slump

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US Single-Family Housing Permits Plunge To COVID Crisis Lows, Starts Slump

With homebuilder sentiment collapsing, it should be no surprise that analysts expected housing starts and permits to tumble in October, and they were right with starts dropping 4.2% MoM and permits down 2.4% MoM

Source: Bloomberg

That pushed the total number (SAAR) of building permits (forward looking) to its lowest since Aug 2020…

Source: Bloomberg

Breaking down the numbers, we see single-family housing starts plunge 6.1% MoM and single-family permits tumbled for the 8th straight month. Multi-family starts and permits also both fell (-0.5% MoM and-1.9% MoM respectively)…

Source: Bloomberg

Single-Family starts (SAAR) are at the lowest since May 2020…

Finally, given the further plunge in homebuilder future sales expectations, it appears housing starts have a long way to fall before any balance is found…

Source: Bloomberg

And that means dramatic pain ahead (and even, perversely, higher home prices as supply is constrained).

Tyler Durden
Thu, 11/17/2022 – 08:42

Stocks & Bonds Tumble After Fed’s Bullard Comments

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Stocks & Bonds Tumble After Fed’s Bullard Comments

St. Louis Fed President James Bullard did what he does and unleashed another barrage of hawkish torment for the believers in a pause or pivot.

And while several other Fed speakers have said similar things this week, Bullard turned the dial up to ’11’.

“Even under these generous assumptions, the policy rate is not yet in a zone that may be considered sufficiently restrictive,” Bullard said Thursday in Louisville, Kentucky at an event hosted by Greater Louisville Inc.

“To attain a sufficiently restrictive level, the policy rate will need to be increased further.

Bullard presented charts showing a sufficiently restrictive rate might be between about 5% and 7%, though he didn’t spell out in his prepared remarks what rate level he favored…

His comments shifted rate-trajectory expectations hawkishly higher…

The reaction is notable as stocks are getting slammed…

Treasury yields spiked (especially at the short-end)…

And the dollar is spiking…

Bullard closed by saying: “It is possible that increased financial stress could develop,” but offered no ‘…and then what’…

Tyler Durden
Thu, 11/17/2022 – 08:17

German Meat Industry Warn Of Empty Supermarket Shelves, Another 40% Jump In Meat Prices

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German Meat Industry Warn Of Empty Supermarket Shelves, Another 40% Jump In Meat Prices

Authored by John Cody via Remix News,

The German meat industry has warned of impending supply bottlenecks, especially concerning pork, and a board member is putting at least some of the blame on Germany’s current left-wing government, which is well-known for its attacks on meat and efforts to transition to a plant-based food supply.

“In four, five, six months, we will have nothing on the shelves,” predicts Hubert Kelliger, head of group sales at the large butcher Westfleisch and also a member of the board of the Meat Industry Association (VDF), according to Die Welt.

One of the main factors affecting Germany’s meat supply, according to Kelliger, is the reduction of fattening pigs from livestock farmers. Others farmers have simply given up on production and are going bankrupt.

“That inevitably means there will be less stock in the coming months,” said Kellinger, which could result in consumers seeing more empty shelves but also a significant increase in prices.

“Whether that will be 20, 30, or 40 percent cannot be quantified today — but it will increase significantly again,” said Kellinger. Such an increase would already be on the back of already substantial increases. Germany has experienced an overall 40 percent increase in food prices this year, including a 73 percent increase in potatoes. Further price jumps ahead could be disastrous for German consumers.

However, a dramatic increase in meat prices may actually fit with the agenda of the German government, which has been actively promoting a switch to a plant-based diet. Kellinger was not short on criticism for the government on the subject.

“The current federal government would like to abolish animal husbandry and switch the diet in Germany to vegetables and oatmeal,” he said; he, however, warned that despite ideology from the government, “it’s also a fact that over 90 percent of people in Germany still buy and eat meat.”

To back up his claim, he referred to analyses by GfK consumer researchers. In addition, a survey from 2016 found that 83 percent of Germans eat meat several times a week and over a quarter of the German population eats meat every single day.

Kelliger also slammed Federal Minister of Food and Agriculture Cem Özdemir, from the Green Party, for promoting a meat tax.

“We should eat less meat overall and make sure it comes from animals that are kept in a species-appropriate manner,” Özdemir told t-online.

He advises “adapting meat consumption to planetary boundaries and for the sake of our health.”

While Green politicians have condemned meat eating, the social reality is different, with nearly the entire German population eating meat on a regular basis. However, agricultural and green policies are stifling German meat production, making Germany wholly dependent on meat from foreign countries; this is creating a new dependence similar to Germany’s reliance on Russian gas, which turned out to be a catastrophic mistake.

“Germany is now the largest meat importer in Europe,” says Gereon Schulze-Althoff, VDF board member and senior sustainability and quality manager at the slaughterhouse Tönnies. “We are now at a point where we can calculate when we will no longer be able to provide ourselves with meat.”

Tyler Durden
Thu, 11/17/2022 – 05:00

Baby Born In Philippines Announced As World’s “8 Billionth” Person

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Baby Born In Philippines Announced As World’s “8 Billionth” Person

The world’s population hit the eight billion mark on Tuesday when a baby girl was born in the Philippines.

As The Epoch Times’ Aldgra Fredly reports, the newborn, named Vinice Mabansag, was born at 1.29 a.m. (local time) on Nov. 15 at the Dr. Jose Fabella Memorial Hospital in Tondo, Manila, local media GMA News reported.

Her birth was announced by the Philippines’ Commission on Population and Development on Facebook alongside photos of the child with her mother, welcoming Vinice as the world’s “symbolic eighth billionth baby.”

“We just witnessed the world’s eighth billionth baby in the Philippines,” Dr. Romeo Bituin, the hospital’s chief medical professional staff, told GMA News.

“We waited around two hours starting 11 p.m. last night, and the baby was delivered at around 1.29 a.m., normal spontaneous delivery,” the doctor added.

The 8 billion mark is more than three times as many as in 1950.

Looking ahead, the UN Population Division’s forecast predicts that the world’s population will already exceed ten billion by 2059. By the end of the century, however, the number will then decline slightly. The growth of the worldwide populace has already been slowing down for decades, as illustrated by the yellow line in Statista’s infographic below.

Infographic: World Population Reaches 8 Billion | Statista

You will find more infographics at Statista

The global population took 12 years to grow from seven to eight billion, it will take about 15 years for it to reach nine billion, indicating that “the overall growth rate of global population is slowing.”

According to UN analysts, the growth is due to the gradual increase in life expectancy as a result of improvements in healthcare, nutrition, personal hygiene and medicine.

It is also the result of high and consistent birth rates in some countries, they add. The countries with the largest populations in 2022 are China (1.41 billion), India (1.41 billion) and the United States (333 million). In terms of population by continent, about 59.3 percent of people lived in Asia in mid-2021.

At present, the world population is growing by around 82.4 million people a year.

The countries with the highest population growth in 2021 were Syria, Niger and Equatorial Guinea. Overall, the ranking is dominated by African countries.

By contrast, the list of countries with the highest population decline is dominated by eastern and southeastern European states, which have to contend with high emigration figures due to the wage and development gap with western Europe.

Tyler Durden
Thu, 11/17/2022 – 04:15

Are Rent Controls Coming?

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Are Rent Controls Coming?

By Russell Clark, author of the Capital Flows and Asset Markets blow and formerly CIO of Horseman Global

F@&K LANDLORDS

As mentioned in a previous post, when I have looked at previous right to left, and left to right political swings, they seem to happen globally, and they seem to happen roughly at the same time. A global shift left happened in the 1930s, and kept shifting until 1970s, when it began to shift back to the right. We are now well into a shift back to the left, that began in 2016. As also highlighted, modern democracies are filled with checks and balances to slow political shifts, but they still happen.

China, with less checks and balances, can move much more quickly – and offers us view on the future here in the west. President Xi has proclaimed a policy to stop housing being used for speculation. Chinese policy has not been a happy policy for Chinese property developers.

I was talking to a friend in London, whose landlord was asking for 50% increase in rent. I asked how they justified such a big increase, and he said that the landlord needed rent to rise that much to pay their mortgage. As they had owned this property for a number of years, the implication was that the landlord was using the rent to pay an interest only mortgage and spending the rest. Searching Tiktok for “renting in london” will produce a stream of angry videos. The problem is that if you look at UK house prices, and compare to rent CPI, you can see that ever lower interest rates have acted to keep rent CPI under control.

To put it another way, rising mortgage rates create rising rents. The US National Association of Realtors calculate a qualifying income, that is the minimum income you need to qualify for a mortgage. With rising house prices and now rising mortgage rates, the qualifying income has risen from USD50,000 to over USD90,000 in two years.

Part of me looks at this and says well this is very bullish for landlords. A lot of potential homebuyers will be priced out of the market, and will need to become tenants, and rents will need to rise – which is what we are already seeing in London. The problem of course is that real incomes in the UK have not risen since 2007.

Asking more rent from people that have not seen a wage increase in 15 years seems politically toxic to me.

The current UK government is hoping to adopt the austerity policies of the Cameron era, that is to push real wages down, to make the UK more competitive and to keep interest rates down. There are what I would call pro-capital policies, and I would suggest they are dead in the water.

Nurses, postal service and train drivers have all announced strike actions, and personally I don’t blame them. How big is this strike action going to be? The OECD used to keep a track of days lost to industrial disputes but stopped publishing the data in 2011. The units are thousands – so peak strikes in 1979 cost nearly 12 million working days in September of 1979. How does current proposed strikes compare? The UK has 5.7 million public sector workers, with 1.88 million in the NHS alone. Assuming 20% participation, and with a seven-day strike, you easily get numbers seen in the early 1970s, with more than 7 million working days (of course a larger population now makes it not a perfect comparison), but we are talking big numbers.

Politicians being politicians will do whatever they need to do to stay in power.

Berlin has had rent controls in place since 2015 which has survived numerous legal challenges. Mayor of London, Sadiq Khan has spoken positively of rent control. Given that rising interest rates are actually pushing up rents – the opposite of the Bank of England’s intention, new policies are required. Rent control seems a vote winner to me, which makes it likely. Or in other words – fuck landlords.

Tyler Durden
Thu, 11/17/2022 – 03:30

Africa Leads The World In Renewable Energy Consumption

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Africa Leads The World In Renewable Energy Consumption

AsInfographic: Africa Leads the World in Renewable Energy Consumption | Statista You will find more infographics at Statista“> Statista’s Martin Armstrong shows in the infographic below, using data from the United Nations Energy Statistics Pocketbook 2022, the one region of the world where renewables play a truly dominant role in energy consumption is Africa.

Infographic: Africa Leads the World in Renewable Energy Consumption | Statista

You will find more infographics at Statista

Uganda, Central African Republic, Somalia and Democratic Republic of the Congo were the only countries in the world in 2019 to have renewable energy sources make up 90 percent of total consumption.

The latter even came close to 100 percent, with 96.2 percent. In contrast, advanced economies such as the United States (9.9 percent), Germany (17.2 percent) and Japan (7.9 percent), were still a long way from completing the shift to green energy.

A total of 28 countries are recorded to have had a share of less than one percent over the twelve month period. Among them, Kuwait, Qatar, Saudi Arabia as well as Hong Kong and the city-state Singapore.

Tyler Durden
Thu, 11/17/2022 – 02:45

Two-Thirds Of French Want Stricter Immigration Policy’ New Poll Shows

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Two-Thirds Of French Want Stricter Immigration Policy’ New Poll Shows

Via Remix News,

Nearly seven out of ten French people believe that the state should adopt a stricter policy regarding the reception of migrants, according to a poll by the CSA institute for CNEWS published on Tuesday.

A total of 67 percent of French people want a tougher immigration policy, a topic that remains at the heart of the current national debate after the country received boat migrants for the first time in its history and following the murder of 12-year-old Paris girl Lola, has was raped, had her throat slashed, and was stuffed in a suitcase by an Algerian illegal migrant.

Respondents to the survey were asked: “Would you like France to have a much stricter policy regarding the reception of migrants (i.e. to welcome fewer of them on our territory)?”

To this question, 67 percent said “Yes” while 33 percent of respondents said “No.”

The poll shows that men are more in favor of a firmer policy in terms of welcoming migrants on French territory than women — 69 percent of men surveyed answered favorably compared with 65 percent of women.

Opinions differed greatly by age with the 18-24 age bracket in favor of a more lenient approach (52 percent said “No”), while 73 percent of those aged 65 and older backed stronger border control. Overall, 72 percent of the over-50s are in favor.

When taking into account the political leanings of those surveyed, there is a striking divide between the left and the right — nearly two-thirds of those polled who feel aligned to the left (60 percent) are opposed to a tougher migration policy.

The figure rises to 64 percent among supporters of La France insoumise and 62 percent among those close to the Europe Ecologie Les Verts (EELV) party.

On the right, the situation is quite different — 94 percent of French people close to the right want to be stricter about the reception of migrants. A total of 97 percent of National Rally supporters want stricter immigration controls, as do 91 percent among Les Républicains voters.

It is not the only poll showing the French opposed to mass immigration, with past polls consistently showing the vast majority of French want a halt to immigration.

Tyler Durden
Thu, 11/17/2022 – 02:00

Techno-Authoritarianism Is Here To Stay: China & The Deep State Have Joined Forces

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Techno-Authoritarianism Is Here To Stay: China & The Deep State Have Joined Forces

Authored by John & Nisha Whitehead via The Rutherford Institute,

“If this government ever became a tyranny, if a dictator ever took charge in this country, the technological capacity that the intelligence community has given the government could enable it to impose total tyranny, and there would be no way to fight back.”

– Senator Frank Church

The votes are in.

No matter who runs for office, no matter who controls the White House, Senate or the House of Representatives now or in the future, “we the people” have already lost.

We have lost because the future of this nation is being forged beyond the reach of our laws, elections and borders by techno-authoritarian powers with no regard for individuality, privacy or freedom.

The fate of America is being made in China, our role model for all things dystopian.

An economic and political powerhouse that owns more of America’s debt than any other country and is buying up American businesses across the spectrum, China is a vicious totalitarian regime that routinely employs censorship, surveillance, and brutal police state tactics to intimidate its populace, maintain its power, and expand the largesse of its corporate elite.

Where China goes, the United States eventually follows. This way lies outright tyranny.

Censorship. China’s censorship machine is straight out of Orwell’s 1984 with government agencies and corporations working together to limit the populace’s freedom of expression. Just a few years ago, in fact, China banned the use of the word “disagree,” as well as references to George Orwell’s novels Animal Farm and 1984. Government agencies routinely harass and intimidate anyone seen as non-compliant. Activists are frequently penalized for gathering in public places and charged criminally with “picking quarrels and provoking trouble.” China has also gone to great lengths to muzzle journalists reporting on corruption or human rights abuses.

Surveillance. COVID-19 brought China’s Orwellian surveillance out of the shadows and gave China the perfect excuse for unleashing the full force of its expansive and sophisticated surveillance and data collection powers on its citizenry and the rest of the world. Thermal scanners using artificial intelligence (AI) were installed at train stations in major cities to assess body temperatures and identify anyone with a fever. Facial recognition cameras and cell phone carriers tracked people’s movements constantly, reporting in real time to data centers that could be accessed by government agents and employers alike. And coded color alerts (red, yellow and green) sorted people into health categories that corresponded to the amount of freedom of movement they’re allowed: “Green code, travel freely. Red or yellow, report immediately.”

Social media credit scores. Prior to the coronavirus outbreak, the Chinese surveillance state had already been hard at work tracking its citizens through the use of some 200 million security cameras installed nationwide. Equipped with facial recognition technology, the cameras allow authorities to track so-called criminal acts, such as jaywalking, which factor into a person’s social credit score. Social media credit scores assigned to Chinese individuals and businesses categorize them on whether or not they are “good” citizens. A “citizen score” determines one’s place in society based on one’s loyalty to the government. A real-name system—which requires people to use government-issued ID cards to buy mobile sims, obtain social media accounts, take a train, board a plane, or even buy groceries—coupled with social media credit scores ensures that those blacklisted as “unworthy” are banned from accessing financial markets, buying real estate or travelling by air or train. Among the activities that can get you labeled unworthy are taking reserved seats on trains or allegedly causing trouble in hospitals.

Safe, smart cities. Having pioneered the development of so-called “safe” smart cities, China is exporting worldwide the high-tech communities in which residents are monitored round the clock, their every action under constant surveillance, and every device is connected to a central brain operated by artificial intelligence. As privacy expert Vincent Mosco concludes, “The benefit from smart cities clearly goes to the authorities who are able to use the promise of the modern, high-tech city to extend and deepen surveillance. It also goes to the big tech companies who profit first from building the smart city infrastructure and secondly by commodifying the entire smart city space. Citizens gain some operational efficiency but at great cost to their liberty.”

Digital currency. China has already adopted a government-issued digital currency, which not only allows it to surveil and seize people’s financial transactions, but can also work in tandem with its social credit score system to punish individuals for moral lapses and social transgressions (and reward them for adhering to government-sanctioned behavior). As China expert Akram Keram wrote for The Washington Post, “With digital yuan, the CCP [Chinese Communist Party] will have direct control over and access to the financial lives of individuals, without the need to strong-arm intermediary financial entities. In a digital-yuan-consumed society, the government easily could suspend the digital wallets of dissidents and human rights activists.”

Digital authoritarianism will redefine what it means to be free in almost every aspect of our lives. Again, we must look to China to understand what awaits us. As Human Rights Watch analyst Maya Wang explains: “Chinese authorities use technology to control the population all over the country in subtler but still powerful ways. The central bank is adopting digital currency, which will allow Beijing to surveil—and control—people’s financial transactions. China is building so-called safe cities, which integrate data from intrusive surveillance systems to predict and prevent everything from fires to natural disasters and political dissent. The government believes that these intrusions, together with administrative actions, such as denying blacklisted people access to services, will nudge people toward ‘positive behaviors,’ including greater compliance with government policies and healthy habits such as exercising.”

AI surveillance. In much the same way that Chinese products have infiltrated almost every market worldwide and altered consumer dynamics, China is now exporting its “authoritarian tech” to governments worldwide ostensibly in an effort to spread its brand of totalitarianism worldwide. In fact, both China and the United States have led the way in supplying the rest of the world with AI surveillance, sometimes at a subsidized rate. In the hands of tyrants and benevolent dictators alike, AI surveillance is the ultimate means of repression and control, especially through the use of smart city/safe city platforms, facial recognition systems, and predictive policing. These technologies are also being used by violent extremist groups, as well as sex, child, drug, and arms traffickers for their own nefarious purposes.

While countries with authoritarian regimes have been eager to adopt AI surveillance, as the Carnegie Endowment’s research makes clear, liberal democracies are also “aggressively using AI tools to police borders, apprehend potential criminals, monitor citizens for bad behavior, and pull out suspected terrorists from crowds.” Moreover, it’s easy to see how the China model for internet control has been integrated into the American police state’s efforts to flush out so-called anti-government, domestic extremists. This is how totalitarianism conquers the world.

Secret police. According to recent reports, China has planted more than 54 secret police forces in 25 cities around the world, including the United States, as part of their efforts to track and threaten dissidents and deport them back to China for prosecution. The campaign to surveil, intimidate and punish ex-patriates living abroad engaging in dissent has been dubbed Operation Fox Hunt. As one human rights agency noted, “The message from the [Chinese] ministry of foreign affairs – that you are not safe anywhere, that we can find you and that we can get to you – is very effective.”

Police brutality. Not much has changed about China’s brutal crackdown on protesters in the wake of the Tiananmen Square massacre. Chinese policing remains brutal, excessive and inflexible, now with the added power of the surveillance state behind it.

Intimidation tactics. China has mastered the art of intimidation tactics, threatening activists, their families and their livelihood should they fail to comply with the government’s dictates. As one activist explained, “There have been telephone calls in the middle of the night that family members won’t find work if you don’t cooperate with the government, or that your parents’ phone number will be posted online and they’ll be harassed. Or with Uyghurs, that the rest of your family will be put in camps.”

Disappearance, brainwashing and torture. Those who fail to fall in line with China’s dictates are often made to disappear, arrested in the dead of night and imprisoned in Orwellian re-education camps. China has built more than 400 of these internment camps in recent years to detain people for offenses that run the gamut from challenging the government to so-called religious crimes such as owning a Qur’an or abstaining from eating pork. As the Guardian reports, “abuses include detailed arbitrary detentions, torture and medical neglect in the detention camps and coercive birth control.”

China’s global influence, its technological reach, its quest for world domination, and its rigid demand for compliance are pushing us towards a world in chains.

Through its growing stranglehold on surveillance technology, China has erected the world’s first digital totalitarian state, and in the process, has made itself a model for aspiring dictators everywhere.

What too many fail to recognize, however, is that China and the American Deep State have joined forces.

As I make clear in Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, this is fascism hiding behind a thin veneer of open government and populist elections.

For all intents and purposes, we have become the embodiment of what Philip K. Dick feared when he wrote The Man in the High Castle, a vision of an alternate universe in which the Axis powers defeat the Allies in World War II, and “fascism has not simply conquered America. It has insinuated itself, with disturbing ease, into America’s DNA.”

Yet while Dick’s vision of a world in which totalitarianism has been normalized is chilling, our growing reality of a world in which the Deep State is not merely entrenched but has gone global is downright terrifying.

Our national flag may not boast the red and white stripes with a swastika on a field of blue as depicted in The Man in the High Castle, but be warned: we are no less occupied.

Tyler Durden
Wed, 11/16/2022 – 23:40