There's a report that Trump wants the war/genocide over by January or before inauguration? Does anyone have the report?

If France attempted to attack Algeria, who would they attempt to set up as puppet rulers? There will be consequences for Western Sahara being thrown under the bus.

Fed seen on track for 25-basis-point rate cuts next week and in December

Traders of futures that settle to the Fed's policy rate instead moved to price in about a 99% chance that the central bank on Nov. 7 would cut its policy rate by a quarter of a percentage point to the 4.50%-4.75% range, compared with 92% before the release of the jobs data. They see about an 83% chance that the policy rate will be in the 4.25%-4.50% range by the end of this year, compared with 69% earlier.

Fed policymakers will begin their next two-day policy meeting a day after the U.S. presidential election on Tuesday, and though the result is not expected to directly factor into their decision two days later, many analysts see election uncertainty as an added temporary weight on the labor market in October that could be reversed in coming months.

Financial markets currently see the Fed lowering its policy rate to the 3.50%-3.75% range by September of next year.

I’ve said it before and I’ll say it again: September’s first rate cut really marked the commencing of Phase 2 of US imperialist war against the rest of the world. This is quite possible the most evil plan that the US is about to pull.

As I’ve said before, the rate cuts will do two things: first, all the dollars sucked into the US capital market will flow into the foreign sector again, to make the Global South countries become addicted to the dollar again; and second, the rate cut will dry up the interest payment that had a huge contribution in the US deficit spending over the past two years, which can only mean a recession.

Remember when all the economics pundits crying about how Biden’s interest rate hike will cause a recession from 2022-2024? Well, they were all wrong. I’ve always said that the recession will happen after they start to cut the rate, and this is well timed to happen until months after the election (we won’t see the consequences until at least 6-9 months from now, depending on how fast the interest rate is being cut and how much deficit the Treasury is creating to compensate for that).

What to expect: many export-dependent countries are going to be economically crippled when the US goes into recession, as consumption and demands for goods and services slump. If the US can replicate the Global Financial Crisis of 2009, expect to see an explosion of IMF loans and waves of mass privatization across the Global South over the next few years.

These countries have been hit very hard since Covid, then the fallout of sanctions against Russia (commodity price increase), US fed rate hike (debt interest went up, investment capital outflows), they cannot sustain another shockwave like this.

The US will then exploit the crippled global economy to reshape the global supply chain to its own interest in its big fight against China. The economy over the next decade is likely going to be bad, and the outcome will be decided by a race to see who - the US or China - will get to reshape the global supply chain over the coming decades.

Fuck, this is so evil I cannot even begin to comprehend how ghoulish it must be to weaponize the global economy to retain its hegemony over the world. Unless China has some trump cards (I’m not seeing them), there’s no way we can escape from this. China’s monetary easing that was timed just after the US fed rate cut was a sign that even China, the strongest economy in the world in real terms, is afraid of what the US recession is going to do. This is the power of monetary imperialism.

The US is about to take a “big bite” on the globe.

(also BRICS has turned into a joke now, we shouldn’t expect to see a real challenge against US hegemony on that front as well)

Another ballot drop-off arson attack has occurred (I believe this is the third), this time in Vancouver, WA.

https://www.katu.com/news/local/vancouver-ballot-box-seen-smoking-same-morning-as-portland-ballot-box-arson

Repeating my question from last week: somebody tell me what to look out for during the election! I want to impress my friends about how I am an expert in American politics. Which states have the most likely chance to have a huge upset? Which counties are going to be the deciders in this tight race? Which places do Kamala need to win? Which ones do Trump need to secure? I need a crash course on this election.

In Malaya, the position is even more complex. In the first instance, we are, as yet, a communally fragmented people with neither history nor traditions which can generate emotional factors that would make for unity despite the fact that no common economic interests exist.

in On the Future of Socialism in Malaya (1958)

By kneecapping Chinese capital — the most advanced section of the Malaysian bourgeoisie — [The Malay-Muslim Feudal Class] had no choice but to seek new sources of capital that would not threaten its political hegemony. British capital diminished as East Asian capital — primarily from Japan and the newly industrializing economies of South Korea, Taiwan, Hong Kong, and Singapore — was becoming an important source of funds and technology."

in Malaysia’s ‘incomplete’ revolution (2023)

I was able to organize my life enough that I have some free time. As a result, I wanted to restart my project of compiling a digital list and references of Malaysian and Singaporean history, with particular focus on introducing the left-wing movements and debates in the country.

The top 2 quotes is the current introduction to the project.

I am just posting this to further incentivize me on finishing my current readings and the project.

Okay, to make this post more news-megaworthy, let me discuss this paper:

The Business Times - 4 Asean members among those said to have Putin’s blessing to join Brics as partners

BRICS leaders have agreed on a list of nations that will be invited to join as partner countries, as the bloc seeks to strengthen its role as a counterbalance to Western political and economic influence, and South-east Asian nations Malaysia, Indonesia, Thailand and Vietnam are reportedly on it.

A lot of fan fare about this. Odd considering that out of the 4, 2 of them Indonesia and Thailand, also seek to be part of OECD.

I maintain a welcoming but skeptical view of ASEAN member states joining BRICS.

... The Philippines and Singapore are unlikely to join [BRICS].

The joke writes themselves but we all know this already.

The paper then goes on about Malaysia-Russia relations with not much substance.

Another article notes in it's introductory line:

150 years ago, a Russian explorer made his way to the Malay Peninsula, not to colonise the territory, but to carry out scientific expeditions. In the 1870s, NN Miklukho-Maklai arrived in Johor to begin his exploration.

Colonialism is still a large part of national consciousness, even if it get's subdued by neocolonial state narratives.

Some videos from Gaza, Kursk, and the DPRK.

Palestinian resistance forces released recent combat footage showing IED strikes destroying two more Merkava tanks, plus RPG strikes on other armored vehicles (all in northern Gaza): https://southfront.press/israeli-army-continues-to-bleed-in-gaza-videos-2/

A Russian Lancet strike destroyed another Kiev regime self-propelled howitzer in Kursk oblast: https://lostarmour.info/media/videos/news/25382.mp4

Yesterday’s Hwasong-19 ICBM test launch in the DPRK (the missile has a range of 15,000+ kilometers): https://odysee.com/@RT:fd/dprktest:1

So what I'm getting from the latest elections (clarify if i missed anything) is that

• Georgia's generic regional post-soviet center-right big tent party kept its majority but also was possibly pulling nixon shit but also going up against an opposition that desperately wants to pull another color revolution with a little cia moolah, too much of a mess for me to sort out
• LDP got fucked as we all know, afaik it'll be succeeded by a coalition between the half-dozen center-left parties and center-right libertarian Osakans
• Bulgaria elected basically the exact same parliament as last time, the bitter rivalries the three identical center-right parties and their justified reluctance to team up with the four fascist parties means they're gonna have to do this again in a few months, one must imagine sisyphus happy etc
• Despite the loss of their most hitlerite faction, the lithuanian succdems are able to keep their coalition with two(?!) agrarian conservative succdem parties
• Demsocs seem likely to win the Uruguayan presidency but we've gotta wait another month for the second round
• Uzbekistan had elections too but all the parties were on good enough terms with their own generic regional post-soviet center-right big tent party for no one to care

Where are our Moldova election watchers?

The day the U.S. sends a black transman into the UNSC is the day they'll crack the earth

The Mythology Behind the Grameen Bank

We look at the history of Bangladesh's New Leader Mohammed Yunus

Esha Krishnaswamy

The day after the color revolution in Bangladesh, Mohammed Yunus, founder of the Grameen bank, a darling of the west, and a favorite of the Clinton foundation was coronated as “Chief advisor” to the new interim government. To understand the man, and how he will govern in Bangladesh, it is important to understand his history.

Before occupying his newest role as Bangladeshi Juan Guaido, Mohammed Yunus rose to fame in the 1990s, for his Grameen bank, a bank whose purpose was to give micro-loans to poor people. It eventually expanded to create a cottage industry with his Grameen Telecom, Grameen Fisheries, Grameen Danone Food and more!

In his effort to promote the Grameen Bank, Mohammed Yunus has made outrageous claims about his micro-loan program. He once said, “Poverty will be eradicated in a generation. Our children will have to go to a `poverty museum’ to see what all the fuss was about."

Even after 40 years of founding his ‘revolutionary’ institution, Bangladesh remains as poor as ever with 71.4% of the population living on less than $5.50 a day, while 1.3 million children are engaged in child labor. Sadly, people in Bangladesh experience poverty first-hand, and life, itself, is the poverty museum.

However, if we look at articles and literature on the Grameen Bank in the West, it mostly consists of hagiographies and repetition of outlandish claims made by Mohammed Yunus. A cursory examination proves that it is anything but a poverty relief program and the only thing these micro-loans guarantee is that their borrowers will take on more predatory loans.

The theory of micro-lending goes something like this: Give an impoverished, destitute villager 10,000 Takas as a loan. They will use that money to open up a Bhel Puri stand (or something similar), and then, with the income they generate from the Bhel Puri stand, they would not only repay the loan, but they will lift themselves out of poverty using their Bhel Puri straps.