Mere hours before Trump's 8pm Tuesday deadline yesterday, Pakistan's government contacted Iran with a US-written proposal for a two-week ceasefire, explicitly stated to also include Lebanon, during which they would negotiate a permanent end to the war on the basis of Iran's 10 Points. Among other things, these points include 1) maintaining strict control (joint with Oman) over Hormuz, complete with a toll; 2) the end of sanctions on Iran; 3) keeping their enriched uranium; 4) a withdrawal of US forces from the Middle East [stated by the Supreme Leadership Council but not in the 10 Points, so who knows], and 5) some plausible guarantee that Iran would never be attacked again. I've heard rumors that China may have prodded Iran to accept these terms.
In theory, these are relatively confident and maximalist demands. In practice, Iran has already achieved military and economic control over Hormuz and the withdrawal of many US troops and bases from the region, so at least a few of Iran's demands are, to a greater or lesser extent, already achieved, and with little hope for an increasingly exhausted US to undo these achievements short of nukes.
A couple hours after the ceasefire, the Zionist entity began a wave of airstrikes in Lebanon, killing hundreds of civilians, as well as flying drones into Iranian airspace. This was a strange move to make even if you assume - very sensibly - that the US is completely agreement non-capable: why not agree to the ceasefire and simply pretend to negotiate for two weeks while regrouping/repairing what assets you can and then start hitting Iran again?
One theory is that the Zionists are testing to what degree Iran is actually willing to have solidarity with Lebanon and Hezbollah. While the Resistance has been relatively united since October 7th, the formation of separate peaces instead of negotiating terms as a united front has been a major exploitable weakness. Alternatively, it's been proposed that the US didn't even consider using the ceasefire to regroup and deceive Iran, and that Trump merely wanted a way to chicken out of his threat on Iran's electrical grid - the fact that US officials have since stated that Iran's 10 Points were not the same ones they agreed to is a point supporting this, I suppose. If the conflict resumes and Trump does not deliver another 48 hour deadline (and/or makes it something silly like a month from now) then this could be the explanation.
From Iran, I am getting the sense that a lot is happening behind the scenes. Statements from top officials like Araghchi have stated quite plainly that there will be no ceasefire and no negotiations unless the Zionists stop attacking Lebanon, but as of ~24 hours after the ceasefire began, there has been no significant military response from Iran yet. There have apparently been phone calls between Araghchi and numerous regional officials, but it is unknown to what end. All the while, the global economic situation continues to deteriorate. Over the next week or two, the last tankers that left Hormuz before it closed will arrive at their destinations. If the missile exchanges begin once more, then the West, much like most of the rest of the world, will be experiencing all sorts of fuel, energy, food, and product shortages while trying to justify why they broke the ceasefire to kill more Lebanese civilians.
Last week's thread is here.
The Imperialism Reading Group is here.
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The Zionist Entity's Genocide of Palestine
Sources on the fighting in Palestine against the temporary Zionist entity. In general, CW for footage of battles, explosions, dead people, and so on:
UNRWA reports on the Zionists' 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.
Mirrors of Telegram channels that have been erased by Zionist censorship.
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.
In the Economist Espresso this morning. Add another one to China's "do nothing, win" book.
Currency inflation encourages consumers to spend before their money devalues. Neoliberals want this to stimulate the economy, and to punish non-materialistic non-consumeristic poor people. When the currency inflates, stocks go up, so the rich get richer, and the poor get poorer.
Real inflation encourages consumers to save for whatever calamity approaches. It also reduces the amount of money available to consumers to spend. When you have real inflation, stocks go down.
Currency inflation is a mechanism of population control. Real inflation is a problem.
Iran is getting bombed, so Iran is imposing real inflation so that everyone feels it.
This isnt a win. There is a huge difference between profit margins being driven so low that investment ceases vs prices rising because the means of production are stressed. The economist, remember, are a bunch of bourgeois liberal hacks
Mostly facetious on my part. China's not gonna get out of their deflationary spiral without serious state policy intervention, I agree.
Inflation/deflation expectations don't fuel inflation/deflation. It's the other way.
I would argue it's a bit of both, with the latter being the base and the former the superstructure. Like underlying inflation/deflation is indeed due to supply and production issues, but expectations can reenforce and slightly nudge the base. Having prices rise even for a month can be helpful to break out of those expectations, but the undrrlying deflationary spiral isn't going to be solved by those. Merely represents a moment where an off ramp becomes a bit easier with the right state policies.
It really depends on the money supply and industrial turnover rates. Increases in the former increase the price, increases in the latter reduce prices.
The money supply rises mostly from government deficits and growth of deposits from interest.
The expectation theory of inflation only really holds if your model allows arbritarily large transactions. But in reality, everyone (other than the government and central bank) has a maximum budget.
True, the argument made by neoliberals usually is that when inflation expectations are high, workers demand higher wages which pushes up prices etc (not necessarily wrong). That may be somewhat applicable in an environment where jobs are easy to get and workers have organizing power, but it's not the case in most countries now, mostly its partial. And they use the expectations to raise interest rates (supposedly to weaken workers).
There's also difference between price level changes and inflation. The latter is continuous. E.g. oil prices rise by $10, the capitalists pass it as $10 rise in prices. If workers are weak, they can't demand higher wages and instead take real wage hit. If they have power, they will demand $10 rise in wages to counter the rise in prices, and capitalists raise prices etc. Ofc I am simplifying, capitalists may take partial hit, workers may take partial raises in money wages and one-time wage catch-up may not necessarily create inflation.