Deadline Ukraine

But first…Happy Flag Day!

The Ukraine conflict has giving us some food for thought….it has been shoved to the back burner with the Gaza thing and thanx to the Normandy celebration Ukraine is back in the news.

Since Ukraine is always in need of cash the G& nations have come up with a plan…..

G7 and EU nations have also frozen about $325bn (£254bn) of Russian financial assets which were held in their territories, such as the foreign currency reserves of Russia’s central bank.

The G7 nations are now working on a scheme to take the interest those assets have earned and pass it to Ukraine in the form of a loan. This could amount to $50bn.

Group of Seven leaders agreed at a summit in Italy on Thursday to give Ukraine $50 billion using frozen Russian Central Bank assets, a step that marks a significant escalation in the economic war against Russia.

The plan is to provide the $50 billion to Ukraine by the end of the year in the form of a loan, which will be paid back using profits from the approximately $280 billion in frozen Russian assets held by the US and its allies.

The idea is seen as a compromise between the US and Europe, as President Biden wanted to steal all of the frozen Russian funds to give to Ukraine. But the vast majority of the money is held in Europe, and EU leaders were hesitant to do that.

(antiwar.com)

The US has decided to arm and train the Ukrainian neo-Nazis…..

The State Department announced Monday that it has formally lifted a ban on arming and training the Azov Brigade, an infamous Ukrainian neo-Nazi military unit.

The Azov Brigade celebrated the news, saying the “eligibility for US assistance will not only increase Azov’s combat effectiveness.”

“This is a new page in the history of our unit. Azov is becoming more professional and more effective in defending Ukraine against the invaders,” Azov wrote on X.

The Azov Brigade was founded as a militia in 2014, known as the Azov Battalion, to fight Ukrainian separatists in the Donbas and was later absorbed by Ukraine’s National Guard.

The military unit’s founder, Andriy Biletsky, is known for his neo-Nazi and white supremacist rhetoric. In 2014, Biletsky was also the leader of an ultra-nationalist organization known as the Social National Assembly (SNA), which dissolved in 2015.

(antiwar.com)

A US backed Ukrainian web site has published a list of American ‘enemies’….

The US government-affiliated Ukrainian web publication “Data Journalism Agency” (TEXTY) has just released a report attacking hundreds of prominent American individuals and organizations as enemies for not supporting sending more US money and weapons to Ukraine.

The report, titled “Roller Coaster: From Trumpists to Communists. The forces in the U.S. impeding aid to Ukraine and how they do it,” intends to smear American politicians, journalists, and social media influencers as tools of Russia, writing:

Most of the people in our study do not have direct, proven ties to the Russian government or propagandists. However, the arguments they use to urge authorities to distance themselves from Ukraine echo key messages of Russian propaganda aimed at depriving Ukrainians of the ability to defend themselves with Western weapons and funds. (emphasis added)

Although the “enemies list” purports to correct disinformation about Ukraine spread by those on its list, the report itself is full of crude disinformation. For example this bit:

Even long-debunked myths continue to surface, such as claims of Nazi dominance and American Biolabs in Ukraine and the portrayal of the 2014 Revolution of Dignity as a coup.

The organization’s assertion that these claims are “long-debunked” may be wishful thinking, but back on planet reality even mainstream, pro-Ukraine media sites in the US wring their hands over the disturbing, extremist images coming out of the country. For example, NBC News wrote that, “Ukraine’s Nazi problem is real, even if Putin’s ‘denazification’ claim isn’t.” Newsweek wondered, “Why Have So Many Neo-Nazis Rallied to Ukraine’s Cause?” Even before the current conflict, mainstream pro-Ukraine publications such as Reuters worried in 2918 about “Ukraine’s neo-Nazi problem.”

https://original.antiwar.com/daniel-mcadams/2024/06/09/us-backed-ukrainian-publication-releases-new-enemies-list/

There you have news from the front in Ukraine.

I Read, I Write, You Know

“lego ergo scribo”

A Trade Update

We all have heard or read or watched the game being played with international trade…….BAM!  Trump has levied tariffs on international steel ans aluminum….and then the president goes to the G7 and blows up everything…..

First floated the idea of scrapping all tariffs……

President Trump reportedly asked world leaders at the Group of Seven Summit on Friday to consider “no tariffs” at all amid growing tensions over the administration’s trade moves.

Politico, citing officials who listened and took notes of the discussions, reported that Trump told assembled world leaders that “we should at least consider no tariffs, no barriers — scrapping all of it.”

(thehill.com)

Did I miss something?

After saying that nugget……Trump threatens to end ALL trade……

Leaving the G7 summit on Saturday, President Trump said that the U.S. might end all trade with America’s closest allies if those countries don’t submit to his demands over reduced trade barriers. Trump also confirmed that he had told the leaders of Britain, France, Germany, Japan, Canada, and Italy that there should be no tariffs between them and the U.S. of any kind. Whether Trump’s characteristically hyperbolic threat, or overarching proposal, will be taken seriously is another matter.

Referring to what he called “ridiculous and unfair” tariffs on U.S. imports, Trump said, “It’s going to stop — or we’ll stop trading with them. And that’s a very profitable answer, if we have to do it.”

http://nymag.com/daily/intelligencer/2018/06/trump-threatens-to-end-all-trade-with-allies.html

Okay what part of any of that sounds like something that would be taught at the Wharton school?

Why did he waste time pissing everybody off?

BTW just a reminder where the trade goes here in the US….

Then there was some good news (at least for me)….

Before I begin let me say…..my more Right leaning brethren have accused me of hating our president, Donald J. Trump.  They are mistaken I may dislike the man but I hate very few people.

With that said there are a few policies that Trump espoused that I could agree with….some of his campaign thoughts on war and foreign policy and a few domestic things…the problem is that when he became president he back peddled on the ones I liked….that fed my dislike.

Everyone knows about the trade war that Trump is about to start with the rest of the world, right?  Well he has made a statement that I fully agree with….he has said that he wants to ban German luxury cars.

President Donald Trump is hoping to effectively ban sales of Mercedes-Benz, Audi, and other German cars, according to reports from a German magazine.

A report in WirtschaftsWoche cites unnamed diplomatic sources who say Trump told French president Emmanuel Macron he would maintain his trade policy “until no Mercedes models rolled on Fifth Avenue in New York.” The trade policy would seemingly affect any German automaker, though, putting sales of Porsche and Volkswagen (and its Audi luxury division) at risk as well as Daimler.

Trump has long held a hardline position toward German automakers. Last January, he underscored this in comments that appeared in the German magazine Bild.

“When you walk down Fifth Avenue, everybody has a Mercedes-Benz parked in front of his house,” Trump said, according to a Wall Street Journal translation of the comments. “You were very unfair to the U.S.A. It isn’t mutual. How many Chevrolets do you see in Germany? Not many, maybe none, you don’t see anything at all over there. It’s a one-way street.”

(yahoo news)

This will not sit well with the pretentious twats that own one of these cars….I say let these self-centered slugs buy American.

Since I am an Italian sports car enthusiast, Ferrari, Maserati, Alfas I cannot disagree or fault Trump for his vendetta against the Germans.

Let me leave you with a small joke…..

What is the difference between a porcupine and a BMW?

A porcupine has all the PRICKS on the outside.

(rim shot)

Not to worry if you are wealthy enough for one of their pieces of scrap metal then you will find a way around the ban…..they always do.  Their money will buy lots of privilege.

More bad news about these new tariffs….economist say that the dollars saved by people because of the tax cuts will be taken away because of increase in prices…….

Your trade moment is done….I return you to your regular reading habits….

Be well, be safe…..chuq