Liar, Liar pants on FIRE!!
Good Morning,
A recap of last week events with a view of what will transpire this week…
President Biden has not decided on the future of the Fed president as of yet as he contemplates who will lead the Federal reserve. Biden will be addressing this tomorrow with his take on inflation and tackling rising energy prices. Of course, it is quite obvious that the midterm elections are in consideration of any forthcoming announcements.
Biden-Xi summit or video call. The summaries from the US and Chinese press or propaganda dissemination houses seem to be of opposition to one another: the US talked about “the rules of the road”; China talked about cooperation and multilateralism. Biden spoke about protecting US workers and firms from China’s economic practices; Xi said to leave politics out of trade.
According to Rabobank’s Michael Every, “The most significant development, however, is new strategic arms talks. In terms of conventional forces, China lags the US globally but is approaching peer status in Asia according to at least some sources; is massively expanding its nuclear stockpile, where the US still vastly outnumbers it; and we had the recent “near Sputnik moment”, where it used 1960’s FOBS tech to show it can evade US missile defenses. So, arms talks are a good idea. The key issue though is that the US enters from a position of massive strength on nukes, and relative decline in conventional forces near China: what does DC give up for Beijing not to proceed with a ramp up of its own nuke capabilities? If the answer is to reduce its larger nuke stockpile, then the US is unilaterally throwing away military escalatory advantage at a time when conventional regional tensions are still very high.”
Russia was dealing with repercussions of taking out the trash in space. Quite literally, an antisatellite (ASAT) missile test blew up its own satellite, creating a cloud of space debris that careens by the International Space Station (ISS) every 90 minutes. The US State Department called Russia’s actions “dangerous, reckless, and irresponsible,” and NASA said the explosion will “significantly increase the risk to astronauts and cosmonauts” aboard the space station.
Apple just conceded to “allow” owners of their devices to be able to fix them without needing to visit an approved vendor or the apple geniuses at their many stores worldwide. Please, just ask the many computer village “repair men” you find in Nigeria if they are apple approved or geniuses would make an interesting laugh. Who also knew that when you purchase a product from apple it really isn’t yours and you only are renting it for exorbitant prices? A subscription model, genius if you ask me. LOL.
Staying with Apple and the news that have unearthed their project on developing a fully autonomous electric vehicle. Literally and figuratively, the race is on with Tesla. Ready, Set, GO!!!!!!
Lastly, we end with news you must have seen across headlines everywhere. Regarding Kyle Rittenhouse and Kenosha shooting (I will still do a deep dive into this later in the week). We will be expecting violence to emanate from the aftermath of the acquittal. There are respectable journalists which I subscribe to their analysis of the events that are reporting the facts, journalists like Matt Taibbi (Rolling Stones) or Bari Weiss (formerly worked at the New York Times), because what you hear from the mainstream corporate media is all propaganda and aims to enflame emotions and to divide the populace. I leave you with Bari Weiss’s summation of the many lies told by the mainstream media to; First, the idea that Kyle Rittenhouse was a white supremacist and second, the folks he shot were not black (it does not have anything to do with Black Lives Matter) amongst many other lies.
I leave you with this;
Have a lovely week ahead!
- Ope



