Japanese Prime Minister Shinzo Abe told President Barack Obama he’ll consider sending the country’s maritime forces to back up U.S. operations in the South China Sea. Japan and the U.S. have occasionally conducted joint exercises, but never in such close proximity to features claimed by China. Source: Bloomberg
Japan
The Securities and Exchange Surveillance Commission plans to recommend imposing a fine of some ¥7 billion on Toshiba Corp. for falsifying its financial reports. The recommendation by the nation’s securities watchdog is expected to be made to the Financial Services Agency by the end of November. Source: Japan Times
A working group of the OECD has agreed in Paris to restrict advanced nations from financing coal-fired power generation and other technologies that emit high levels of carbon dioxide in developing nations. Members will also consider strengthening the restrictions in 2019. Source: Japan Times
Japan filed the lawsuit against Okinawa’s governor on Tuesday after the politician attempted to bar a US military air base from being built there. The base was originally supposed to be closed years ago and continues to be a contentious issue. Source: DW
The Japanese and Philippine leaders will agree this week on a deal paving the way for Tokyo to supply Manila with used military equipment, possibly including aircraft that could be deployed to patrol the disputed South China Sea, sources said. Source: SCMP
Japan’s economy contracted in the third quarter as business investment fell. The nation fell into its second recession since Prime Minister Shinzo Abe took office. The GDP report could put pressure on Abe and Bank of Japan Governor Haruhiko Kuroda to boost fiscal and monetary stimulus. Source: Bloomberg
Turkish Prime Minister Ahmet Davutoğlu said he will discuss infrastructure development with Japanese Prime Minister Shinzo Abe, who will visit Turkey for the upcoming Group of 20 summit. “I want to see more Japanese investments in megaprojects, like a third nuclear power plant,” Davutoğlu said. Source: Hurriyet Daily
It surely is a religion: the worship of the planet earth. No doubt about that. At the same time it is risible: a peninsula attached to a huge Asiatic continent wishes to make the global climate better and – as if the movement of waters and winds could be stopped at state borders – to make its own climate better. How? By banning the fossil fuels (which means: by banning the combustion engine), relying on renewable sources of energy and developing the CO2 market (you know, the market where you buy and sell CO2 quotas). You see, in the Middle Ages people would trade in relics: in the 21st century people trade in CO2! Isn’t that one thing alone a grand exploit that the European Union has pulled off?
No combustion-engine cars to be manufactured after 2030 plus net CO2 emissions by 2050! Why? For what purpose? Well, to save the planet, stupid! We all know that Mother Earth is suffocating and getting overheated (or overcooled, depending on the currently valid scientific version concerning the global climate); we all know that it is man-made. If you are not convinced, then look at the children: they know it! They know it for certain! That’s why they are protesting and begging you (if that is not enough: demanding of you) that you reconsider your life choices.
You know, it is not only the climate. We are all running out of water and food. What do you think will happen once water and food are in short supply? Famine? Y-e-e-e-s. Try hard to follow the thought where it leads. Imagine a global famine and water shortages. What do you think it will lead humanity to? Yes, bingo! To war! So, to prevent war over food and war over water from breaking out, the men and women (or the representatives of the other sixty or so recognized genders) who happen to be at the helm of the European Union do their best to spare us the bleak future. Yes, we will all pay for it: prices will shoot up, but then health, life and peace are invaluable. We will all willingly sacrifice our comfort and resign from the luxuries and pleasures of the flesh to… save the flesh.
Ursula von der Leyen (President of the European Commission or in plain English: the EU’s prime minister) and Frans Timmermans (Executive Vice-President of the European Commission or again in plain English: the EU’s deputy prime minister) along with all the Directorates-General (in plain English: ministries) indefatigably keep foisting upon us the magic phrases of European green deal, climate neutral Europe, reduction in emissions, clean transport, electric vehicles, sustainable (their beloved word!) houses, clean energy, renewable energy, protecting nature, a healthier future, support for vulnerable citizens (always the same!), and they assure us that all this is doable. Ursula von der Leyen says that she wants Europe to become the first climate-neutral continent in the world by 2050. She says verbatim: “I want Europe to become…”. You see? Occasionally, they let a word out here and there for all to hear: they want to enforce those changes, Ursula von der Leyen, Frans Timmermans, and company. Whenever they are on their guard, they say that it is the Europeans who want it, but when they are off their guard, they say as it is. Continue reading
Is this the European Union that we have dreamt of? Is this the European Union that we have been tempted with? A united continent, with no borders, a continent blessed with peace and fraternity, with the well-being of its residents, blessed with the preservation of everything that singles the continent out from the rest of the world? As it is, European values transpired as the values that are not shared by the overwhelming majority of Europeans. These are same-sex marriages, gender mainstreaming, extirpation of all traditional values and mass immigration that increasingly changes the racial make-up of the European population and – what necessarily follows – the continent’s culture.
Up to very recently it was the Western part of Europe – the so-called old Union – that was subjected to the programmed and systematic influx of peoples from the Third World. The new members of the union – especially Poland, Czechia, Slovakia, Hungary – resisted the policy of mass immigration, running afoul of the Brussels’ commissioners and ruffling a few feathers among Western intellectuals. The year 2015 – that notorious year during which Germany is believed to have accepted between 800.000 and 1,200.000 arrivals – made the blood of Eastern Europeans run cold. They wanted to mingle with the French, the British, the Italians or the Germans, but were totally unprepared to regard the Afghanis or Somalis as new Europeans! The cultural, religious, mental gap was far too large to be bridged as was the pace with which those ethnic changes were effected! It did not go unnoticed either that Third World immigrants were clearly used as a weapon: a look at Turkey’s policy said it all. Also, the acceptance of tens of thousands of Third World immigrants was perceived by both Western and Eastern Europeans as mere virtue signalling and – in the case of the new member-states – as a sign of their submission the Brussels (Paris and Berlin). Add to this the indiscriminate procedure of letting foreigners into European countries: there was no way of screening the masses of arrivals whether they contained common criminals, mafiosi, terrorists and the like. Continue reading
The Balkans, similarly to the Iberian Peninsula, have been the place where Muslims have made inroads into the European continent; the region has often been a scenery for many hostilities between both the local small powers and the external large players. In the 20 century alone the region saw two wars of 1912-1913, two world wars (with the first being triggered here) and numerous civil armed conflicts among the republics of former Yugoslavia.
Broadly, the Balkans can be divided into Eastern (Hungary, Romania, Bulgaria, a small chunk of Turkey this side the Bosporus), Western (territories occupied once by Yugoslavia) and Southern (Greece).
Ethnically, the Balkans is home to Slavic (Slovenians, Croats, Serbs, Montenegrins, Bosnians, Macedonians, Bulgarians) and non-Slavic peoples (Hungarians, Romanians, Albanians, Greeks and Turks). In terms of religion (the fact that determines to which civilisation model a particular nation belongs), the inhabitants are either Muslim (most of Albanians, some Bosnians, Turks) or Christian of either the Catholic (Slovenians, Croats, Hungarians, a sizable part of Albanians, especially in the north of the country) and Orthodox (Romanians, Bulgarians, Serbs, Bosnians, Montenegrins, Macedonians, Greeks) creeds. Notice in passing that not all Slavs are Orthodox Christian (some are Catholic, some are Muslim) and that Orthodox Christianity is the creed of non-Slavic Greeks and Romanians.
The three great historical influences were two European and one Asian powers. The former were the Germans either of the Hapsburg and then Austria-Hungary monarchy, followed by Germany, and Russia; the latter was the Ottoman Empire or its descendant: Turkey. It was in the Middle Ages that Hungary began to rule Croatia and north-western parts of today’s Romania. The German Habsburgs dynasty gradually expanded to control Hungary with the latter’s territorial gains as well as making military or diplomatic conquests of its own, extending its rule by incorporating Bosnia and Herzegovina in 1908. It was the German house of Hohenzollern, which provided monarchs to the nascent forms of statehood of Greece, Bulgaria and Romania. The Russian Empire rendered significant aid to Greece and then to Serbia and Bulgaria in the respective nations’ wars of independence from the Ottoman Empire. Turkey may have withdrawn from the region, but it maintained close ties to the German Empire and the Third Reich and left behind a numerically significant Muslim population. Soviet Russia continued to be interested in the Balkans and gained control over most of it after the Second World War. Continue reading
That the Russians and Belarusians are invading Kazakhstan right now is no wonder at all: the subversives, protesting against higher gas and fuel prices, also demanded that Kazakhstan abandon all alliances with Russia and that both President Tokayev and the government resign immediately. Moscow cannot put up with such political demands. Kazakhstan is a major oil and gas producer and also supplies about 40 per cent of the world’s uranium. Kazakhstan is home to a number of first-class mining companies: Lukoil from Russia, CNPC from China, Chevron and ExxonMobil from the USA, Shell from the Netherlands, ENI from Italy, and Total from France. Insofar as oil and gas extraction has been allowed to the foreign corporations, uranium extraction remains in Kazakh hands. It is a tasty morsel for all the countries that talk so much about green energy at the moment, but in fact are preparing for the future that will be based on nuclear energy. After all, Russia’s nuclear missiles and power plants, Baikonur and space presence depend on Kazakhstan.
Rioters topple statues of Nursultan Nazarbayev, the “Elbasy”, the father of the nation, as Nazarbayev is called for life, the man who once guaranteed friendly relations with Moscow as long as he was honorary chairman of the Security Council. The Nazarbayev-Tokayev tandem has been uneasy for some time, however, and now the Father of the Nation left his fatherland aboard the private plane of his son-in-law Timur Kulibayev, a billionaire and one of Kazakhstan’s richest men. We know such stories from different countries. Main characters: oligarchs serving foreign capital. Behind the protests could be Mukhtar Ablyazov, another controversial oligarch who is at odds with the current government team in Kazakhstan and who used to live permanently in Paris, but is now in Kiev. Please note: in Kiev. If you think about the role of the oligarchs in the upheavals in Ukraine in recent years and at present, it will immediately become clear to you that this is an attack by the West, namely the USA and Ukraine, who want to “facilitate” the forthcoming talks between Biden and Putin with a blow to the “soft underbelly” of Russia, i.e. Kazakhstan.
Tokayev has also taken advantage of current events domestically to remove the government that was loyal to Nazarbayev and especially Abish Satidbaldila, the former president’s “man” who was deputy chairman of the Public Security Committee. As a result, Tokayev took full power, which enabled him to get rid of Nazarbayev painlessly. From Moscow’s point of view, what happened is actually a palace revolution, a shock. Not only because, as it turned out, in practice there is no ironclad guarantee of life for the former head of state, but also because Putin has been demonstrably respectful towards Nazarbayev and somewhat, perhaps even more, disrespectful towards Tokayev. At the recent CIS summit in St. Petersburg, he met with “Elbasy” and found no time to talk to the current president. It is likely that if a new government is formed, relations with Moscow will be different and probably more difficult for Russia.
The Western world is enthusiastic about the revolution and interprets what is happening on the streets as a struggle against dictatorship and for democracy, but it seems to me that this perspective is misleading and that it is worth looking at the situation in Kazakhstan from a different, non-European angle. We tend to see the roots of the revolutionary events in the bad mood related to poverty and the lack of reforms in the authoritarian state, which drives people to the extreme and to the streets. Apart from what can be seen with the naked eye and what is difficult to question, there is an even deeper level, which is the logic of the people living there. In any Central Asian society, clan and family relations are more important than political divisions or material differences.
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasoline prices. On Monday, Kuwait said the cartel should stick with its plan to increase output gradually because oil markets were well-balanced. That followed similar statements from other key members in recent days, including Iraq, Algeria, Angola and Nigeria. Source Al Jazeera
“If a state buys (weaponry) from us, it’s no longer a Turkish product. It might be manufactured in Turkey, but it belongs to Ukraine,” Cavusoglu told reporters after meeting his Russian counterpart, Sergei Lavrov, on the margins of the G20 summit in Rome. “Turkey cannot be blamed for this,” he said. Source The Defence Post
Bulgaria has sent 350 additional military personnel to its border with Turkey amid rising migration levels. Defense Minister Georgi Panayotov told Bulgarian media that the troops were arriving to “support the border police”. Source EuroNews
Russia is warning Turkey over arms sales to Ukraine after a Turkish-made drone attacked Russian-backed rebels in Ukraine.
A Kremlin spokesman has warned that Turkey’s ongoing arms sales to Ukraine threaten to destabilize the region. Source VOA
A police patrol was attacked by three individuals this Wednesday evening in a street east of Lille (North). The perpetrators managed to escape. Was a Lille police crew the victim of an ambush around 8:40 p.m. Wednesday evening? The police were called for three hooded individuals who were stealing tires in the rue Massenet. Once there, they found no one. Source Actu17
Police officers were targeted by gunfire in Lyon this Monday evening, in the district of La Duchère. There are no injuries to deplore. The author (s) are actively sought. The police from the RAID branch are on site as reinforcements. Source Actu17
France: Night of urban violence in the district of Perseigne in Alençon (Orne). About fifteen vehicles were set on fire. The police and firefighters came under firework mortar fire and projectile jets. Source Actu17
It surely is a religion: the worship of the planet earth. No doubt about that. At the same time it is risible: a peninsula attached to a huge Asiatic continent wishes to make the global climate better and – as if the movement of waters and winds could be stopped at state borders – to make its own climate better. How? By banning the fossil fuels (which means: by banning the combustion engine), relying on renewable sources of energy and developing the CO2 market (you know, the market where you buy and sell CO2 quotas). You see, in the Middle Ages people would trade in relics: in the 21st century people trade in CO2! Isn’t that one thing alone a grand exploit that the European Union has pulled off?
No combustion-engine cars to be manufactured after 2030 plus net CO2 emissions by 2050! Why? For what purpose? Well, to save the planet, stupid! We all know that Mother Earth is suffocating and getting overheated (or overcooled, depending on the currently valid scientific version concerning the global climate); we all know that it is man-made. If you are not convinced, then look at the children: they know it! They know it for certain! That’s why they are protesting and begging you (if that is not enough: demanding of you) that you reconsider your life choices.
You know, it is not only the climate. We are all running out of water and food. What do you think will happen once water and food are in short supply? Famine? Y-e-e-e-s. Try hard to follow the thought where it leads. Imagine a global famine and water shortages. What do you think it will lead humanity to? Yes, bingo! To war! So, to prevent war over food and war over water from breaking out, the men and women (or the representatives of the other sixty or so recognized genders) who happen to be at the helm of the European Union do their best to spare us the bleak future. Yes, we will all pay for it: prices will shoot up, but then health, life and peace are invaluable. We will all willingly sacrifice our comfort and resign from the luxuries and pleasures of the flesh to… save the flesh.
Ursula von der Leyen (President of the European Commission or in plain English: the EU’s prime minister) and Frans Timmermans (Executive Vice-President of the European Commission or again in plain English: the EU’s deputy prime minister) along with all the Directorates-General (in plain English: ministries) indefatigably keep foisting upon us the magic phrases of European green deal, climate neutral Europe, reduction in emissions, clean transport, electric vehicles, sustainable (their beloved word!) houses, clean energy, renewable energy, protecting nature, a healthier future, support for vulnerable citizens (always the same!), and they assure us that all this is doable. Ursula von der Leyen says that she wants Europe to become the first climate-neutral continent in the world by 2050. She says verbatim: “I want Europe to become…”. You see? Occasionally, they let a word out here and there for all to hear: they want to enforce those changes, Ursula von der Leyen, Frans Timmermans, and company. Whenever they are on their guard, they say that it is the Europeans who want it, but when they are off their guard, they say as it is. Continue reading
In retaliation for freezing Russian assets by the West, President Putin has signed a decree that enables Russian exporters of gas to demand rubles rather than dollars or euros. This is an interesting development in the war that is being waged between the West and Russia. The European Union depends to a very large extent on Russian gas. The efforts to create the green economy (they like to call it sustainable economy) are far from being completed. (To think of it: they have sought to put us on the green economy to spite Russia! Climate change was the bait for the gullible to join in.) Europe will need Russian gas (and oil). In order to buy it, it will need to have the Russian national currency. To acquire the Russian national currency, the West will be forced to trade dollars or euros for rubles at the Moscow stock exchange, thus raising international demand for the Russian currency and turning it into a means of international exchange. Sanctions work both ways.
On March 18, the Luzhniki Stadium gathered thousands of Russians in a patriotic rally, attended by various artists and the Russian president himself. Vladimir Putin delivered a speech in which – quoting the Gospel – he praised the efforts of the soldiers of the Russian Russian Federation fighting in Ukraine. A sea of waving Russia’s national white-blue-red flags dominated the scenery. The event was an eruption of patriotic feelings, something unknown in the West. If you think that the “regime” in Moscow is about to collapse or to be toppled, then think again.
The answer is not easy. Bill Gross, the founder of Pimco and “king of government bonds”, predicts that the yield on US 10-year bonds will rise to 2% next year. This would mean the 3% loss for investors at the current inflation rate. The dynamics of demand and supply also point to the further fall in the prices of US government bonds (rise in yield). Today, the FED is buying 60% of all US bonds as part of its quantitative easing, but will soon have no choice but to reduce the scale of US bond purchases in the face of inflation. At the same time, China, Russia are massively dumping these debt securities. So should one invest in equities? Now, when their prices are shooting through the roof? After all, shares can turn out to be rubbish if companies’ profits don’t want to rise as they have in recent years. With today’s inflation, it’s not worth holding cash either. The situation is becoming dramatic.
If you want to learn more, if you are looking for tips for your investments, please read recommendations and warnings for investors in our bulletins.
President Vladimir Putin told Gazprom PJSC to turn to refilling European gas-storage facilities next month, signaling that long-awaited additional Russian supplies could be on the way. The move will “create a more favorable situation on the European energy market,” Putin said at a meeting broadcast on state television Wednesday. Source Al Jazeera
The chaos in gas and electricity markets is set to hit one group of people the hardest this winter: the four million households that use prepayment meters (PPMs).
While most people pay their bills monthly for energy they have already used, PPMs require people to pay for energy before they use it. PPMs take whatever money is in the meter and supply energy to the household. Source Open Democracy
Russia’s Gazprom has damped hopes for additional gas exports to Europe next month as the continent struggles with record prices, despite recent hints from President Vladimir Putin that more could be forthcoming.
UK and European gas prices surged as much as 18 per cent on Monday after a keenly awaited pipeline capacity auction showed no increase from Russia either through the Ukrainian pipeline system or lines passing via Poland to north-west Europe. Source FT
As of Sunday, the national price of a litre of Diesel was €1.555, according to the European motor association ADAC. This is just above the previous record price of €1.554 per litre set on August 26th, 2012. Source The Local
French ministers floated the possibility of petrol vouchers for low-income households on Monday, as President Emmanuel Macron’s government seeks to limit the damage from surging energy prices to his economic record six months from a presidential election. Source France24
Skoda started a two-week cut in output on Monday as the Czech brand contends with the global shortage of chips and other components, the company said. The Volkswagen Group unit wants to complete 10,000 unfinished cars during the outage, which will leave only one production line running, a spokesman said. Source Automotive News
“What is happening today in the energy markets of Europe is, to a certain extent, a man-made result of short-sighted policy,” the Russian President added Source TASS
India is facing an impending energy crisis as several states saw coal-fired power plants shut down due to a coal shortage. Major cities such as the capital New Delhi experienced electricity cuts that ran for hours over the weekend. Source DW
