Image is allegedly of the note Trump wrote while editing a speech while on the way back from the G20 summit.
The top Russian-Chinese agent, Donald Trump, has decided that the pace of dedollarization and the decline of American financial hegemony is going too slowly. He has therefore decided to put tariffs on everybody; from America's largest trading partners to uninhabited islands. In the process, he is trying to create an autarkic America. Jokes aside, interpretation and analysis of this has ranged across a wide spectrum. I think we can broadly agree that the most idiotic are the "true believers"; those that actually believe Trump's every word, and that this will somehow bring back American manufacturing and whatever other inane promises he has made.
However, there is a much more interesting debate. The first camp are those who believe Trump is acting as an inadvertent accelerationist due to his lack of understanding about how the world economy and dollar hegemony functions (and that this will subsequently ensure that countries flock to China instead). The second camp are those who believe that Trump does know what he's doing, at least to a certain extent, and that the effective result of this period of madness will be countries kowtowing to the United States; renegotiating trade deals to be even more in favor of the US in order to get tariffs reduced. There's even a yet more cynical camp who believes that in fact, this entire trade war is just theater for further national wealth redistributions from poor to rich; that all these monumental international trade wars are more of a sideshow. To quote the linked article: "[...] out of the mountain of tariffs that threaten to turn into a global trade war will emerge the mouse of further tax cuts."
I'm not embarrassed to admit that I have absolutely no idea which one of these is the closest model to reality. We're in new economic and political ground, and even if the tariffs are quickly renegotiated and/or dropped, the impacts will continue to reverberate around the world for years. I'm sure we'll debate this for months to come here, though!
Last week's thread is here.
The Imperialism Reading Group is here.
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The bulletins site is here. Currently not used.
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Israel-Palestine Conflict
Sources on the fighting in Palestine against Israel. In general, CW for footage of battles, explosions, dead people, and so on:
UNRWA reports on Israel's destruction and siege of Gaza and the West Bank.
English-language Palestinian Marxist-Leninist twitter account. Alt here.
English-language twitter account that collates news.
Arab-language twitter account with videos and images of fighting.
English-language (with some Arab retweets) Twitter account based in Lebanon. - Telegram is @IbnRiad.
English-language Palestinian Twitter account which reports on news from the Resistance Axis. - Telegram is @EyesOnSouth.
English-language Twitter account in the same group as the previous two. - Telegram here.
English-language PalestineResist telegram channel.
More telegram channels here for those interested.
Russia-Ukraine Conflict
Examples of Ukrainian Nazis and fascists
Examples of racism/euro-centrism during the Russia-Ukraine conflict
Sources:
Defense Politics Asia's youtube channel and their map. Their youtube channel has substantially diminished in quality but the map is still useful.
Moon of Alabama, which tends to have interesting analysis. Avoid the comment section.
Understanding War and the Saker: reactionary sources that have occasional insights on the war.
Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don't want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it's just the two of them if you want a little more analysis.
Simplicius, who publishes on Substack. Like others, his political analysis should be soundly ignored, but his knowledge of weaponry and military strategy is generally quite good.
On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists' side.
Unedited videos of Russian/Ukrainian press conferences and speeches.
Pro-Russian Telegram Channels:
Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.
https://t.me/aleksandr_skif ~ DPR's former Defense Minister and Colonel in the DPR's forces. Russian language.
https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one.
https://t.me/s/levigodman ~ Does daily update posts.
https://t.me/patricklancasternewstoday ~ Patrick Lancaster's telegram channel.
https://t.me/gonzowarr ~ A big Russian commentator.
https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps.
https://t.me/epoddubny ~ Russian language.
https://t.me/boris_rozhin ~ Russian language.
https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a 'propaganda tax', if you don't believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses.
https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.
Pro-Ukraine Telegram Channels:
Almost every Western media outlet.
https://discord.gg/projectowl ~ Pro-Ukrainian OSINT Discord.
https://t.me/ice_inii ~ Alleged Ukrainian account with a rather cynical take on the entire thing.
Lmao, apparently Trump is now calling the tariff exemption "fake news." Here's the content of his Truth Social post, which is apparently now how trade policy is being "clarified."
spoiler
NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst! There was no Tariff “exception” announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff “bucket.” The Fake News knows this, but refuses to report it. We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations. What has been exposed is that we need to make products in the United States, and that we will not be held hostage by other Countries, especially hostile trading Nations like China, which will do everything within its power to disrespect the American People. We also cannot let them continue to abuse us on Trade, like they have for decades, THOSE DAYS ARE OVER! The Golden Age of America, which includes the upcoming Tax and Regulation Cuts, a substantial amount of which was just approved by the House and Senate, will mean more and better paying Jobs, making products in our Nation, and treating other Countries, in particular China, the same way they have treated us. The bottom line is that our Country will be bigger, better, and stronger than ever before. We will, MAKE AMERICA GREAT AGAIN!Monday is going to be wild.
Lmao I thought so lol
I mean, that was kind of the reporting on it. Those products are no longer tariffed at ~140%, but the 20% "fentanyl tariff" remains. Or is he saying something else now?
It seems like the reporting on this is sticking with the original story, but it's funny that he's injecting additional uncertainty by calling it fake news and yelling about buckets. I have no idea whether this is a new pivot or what, though.
In
's America, even the pivots do pivots!
Half serious but if I could be arsed should I put like £50 on put options against the S&P500 lmao
If €50 is worth the comedy value of it shooting to the moon then I think you should go for it. Obviously if you profit, it's even more funny.
Might be better to look into inverse ETFs like SQQQ or TSLZ.