Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created.

Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.

America’s Father’s Day was first celebrated on June 19, 1910, in Washington State. That was only a few years before Ann Jones’s father went to war.  His was the Great War which turned out — with its trenches of frozen mud, rats and lice, poison gas, and machine-gun death — to be not so great.  It was supposed to be the War to End all Wars, but all it did was bequeath to humanity a more terrible war that would be even more worldly.

BRUSSELS (Sputnik) - The proposal voiced by European Commission President Ursula von der Leyen to lower domestic thermostats in Europe by 2 degrees Celsius to replace gas supplies from Russia's Nord Stream 1 is "incredibly naive," energy experts said on Tuesday.

On Monday, the EC head said that Europeans can replace gas supplies coming via Russia's Nord Stream 1 pipeline by lowering the heating or air conditioner temperatures by 2 degrees, adding that the EU has comprehensive emergency plans in place, including energy savings.

Two years ago, at my local Australian Labor Party branch, I moved a motion urging the ALP to support dropping extradition proceedings against Julian Assange. Maroubra ALP is not inner city. It might be regarded as a bastion of the right. The motion was carried, near unanimously. After the debate, one member came up and said: “I think Assange is probably a narcissistic bastard but he’s ours.”

That is, he’s an Australian.

By BOB CARR

The Spectator (Australia) published an article in 2014 about PUTIN WANTING TO TAKE OVER THE WORLD.... with a cartoon of Putin that was a pisstake from the movie, Austin Powers: The Spy Who Shagged Me.... Gus Leoniksy, cartoonist since 1951, has modified this illustration to represent "reality"... The Spectator article was (is) rubbish of course. Russia, China and many other countries are sick of being told what to do by the USA. THE US ARE THE ONES WHO WANT TO OWN AND CONTROL THE WORLD and this has been known since 1917/1919.... (see the HEARTLAND)

If Stepan Bandera was an agent of the Gestapo and left only the memory (positive for some) of the massacres and tortures he organized, Dmytro Dontsov was -and still is- the reference thinker of Ukranian nationalists. It is he who invented Ukrainian racialism and imagined the fanaticism of Ukrainian nationalists as a weapon.

RISING TENSIONS (23)

The ideology of the banderists

by Thierry Meyssan

If in previous articles I have presented the history of the Banderist movement from the interwar period to the present day, I would like to talk here about their ideology.

LONDON, June 21 (Reuters) - Tens of thousands of workers walked out on the first day of Britain's biggest rail strike in 30 years on Tuesday, with millions of passengers facing days of chaos as both the unions and government vowed to stick to their guns in a row over pay.

My graduating class at Davison High School had voted that I should give the graduation address at our commencement ceremony, which took place 50 years ago this weekend. The senior class had also voted me “Class Comic.” That should’ve been all the warning the school administration needed — that the senior class wanted the class clown to give the official graduation speech. They should’ve known this would not end well. 

In the weeks leading up to the end of the school year, those of us with the “good grades” were inducted into the National Honor Society, which meant we would receive flashy golden cords so we could parade around on graduation night and show everybody how really smart we were (when in fact, all it meant was that we were good test takers).

The EU must not revert to using coal and neglect its climate change goals in order to replace Russian gas, European Commission President Ursula von der Leyen has said.

“We have to make sure that we use this crisis to move forward and not to have a backsliding on the dirty fossil fuels,” von der Leyen told the Financial Times on Monday.

“It’s a fine line and it’s not determined whether we are going to take the right turn.”

Von der Leyen said EU nations need to continue “massive investment in renewables.” 

She added that Brussels has “emergency steps in place” to respond to the threat of decreasing supplies from Russia, such as energy conservation and prioritizing which industries receive gas.

So Honest Joe Biden is now going to give another $1.2 billion to the Ukrainians on top of the sixty or so billion that is already in the pipeline, but who’s counting, particularly as Congress refused to approve having an inspector general to monitor whose pockets will be lined. The money will be printed up without any collateral or “borrowed” and the American taxpayer will somehow have to bear the burden of this latest folly that is ipso facto driving much of the world into recession.

Russian President Vladimir Putin wants a return to the 'spheres of influence' policy, but he will not succeed, German Chancellor Olaf Scholz claimed in an interview with the newspaper Munchner Merkur.

Among other topics, Scholz was asked to comment on Russia’s claims that Western sanctions were preventing deliveries of Russian gas to Germany via the Nord Stream pipeline. Earlier on Monday, Kremlin spokesman Dmitry Peskov said that the pipeline’s turbines have to undergo maintenance, but because of the sanctions “the Europeans are not returning them.”

“This justification is not plausible,” Scholz responded.

It is hard to be sanguine about the future. The breakdown of the ecosystem is well documented. So is the refusal of the global ruling elite to pursue measures that might mitigate the devastation. We accelerate the extraction of fossil fuels, wallow in profligate consumption, including our consumption of livestock, and make new wars as if we are gripped by a Freudian death wish. The Four Horsemen of the Apocalypse – Conquest, War, Famine and Death – gallop into the 21rst century.

BY CHRIS HEDGES

Spice lovers are bracing for a shortage of Sriracha sauce that experts say is likely due in part to the effects of climate change on chili peppers.

The green-capped, bright red product, whose popularity NPR described as “something of a cult following,” is beginning to disappear from supermarket shelves.  

US President Joe Biden thinks Ukraine is “very likely” to become a member of the European Union, he told reporters on Monday. He also said a visit to Kiev is still on the table, but probably not during his upcoming trip to Europe.

Biden spoke to a press gaggle in Rehoboth, Delaware, where he’s vacationing ahead of the NATO summit in Madrid, scheduled to start on June 29. The 79-year-old US leader fell off his bicycle on Saturday, but the White House later said he was unharmed.