...one has to wonder what the latest Blinken round of visits to the Middle East was supposed to accomplish, since all it did was expose our impotence. Even the Financial Times could not hide that the meetings with Netanyahu and then Arab leaders were a train wreck. Netanyahu rejected even any itty bitty ceasefire, branded a humanitarian pause, to get relief in, demanding that Hamas release all hostages first. The fact that Israel has welched or underperformed on its past begrudging promises to let trucks from Egypt in, would make that a non-starter even before getting to Hamas being sure to stick to its position of wanting to trade hostages for Palestinian prisoners. And of course the Arab states are not about to budge. Blinken got a more pointed version of what he was told before.
Antony Blinken faced intense pressure from regional allies to facilitate an immediate ceasefire in Gaza, laying bare the stark gap between US support for Israel and the outrage in Arab capitals over the siege and bombardment of the strip….
Sameh Shoukry, the Egyptian foreign minister, demanded an unconditional ceasefire, a commitment that Israel’s prime minister Benjamin Netanyahu bluntly rejected after meeting Blinken on Friday.
Blinken had been expected to “brainstorm” with Arab diplomats the future of Gaza, home to 2.3mn Palestinians, after the war ends. Safadi bluntly rejected those talks as premature. “How can we even entertain what will happen in Gaza when we do not know how Gaza will be left?” he asked Blinken. “Are we going to be talking about a wasteland? Are we talking about a whole population reduced to refugees?”
This comes off as the sort of thing someone who had just read classic texts on negotiating trying to put in practice: “Gee, let’s get a dialogue going! Let’s get to ‘Yes’ on some less fraught issues to pave the way for further agreement!” In addition, “brainstorming” is cringemakingly American. You don’t do that with people who are mad at you. You don’t do that in a crisis. Between independent entities, you do not do that at the top level. You have low level people or emissaries float ideas. So why this exercise? The worst is that Biden and Blinken come off as so disconnected from reality that they though they might get someone to accommodate US needs.
Friendly reminder: when commenting about a news event, especially something that just happened, please provide a source of some kind. While ideally this would be on nitter or archived, any source is preferable to none at all given.
Sources on the fighting in Palestine against Israel. In general, CW for footage of battles, explosions, dead people, and so on:
UNRWA daily-ish 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 (and has automated posting when the person running it goes to sleep).
Arab-language twitter account with videos and images of fighting.
English-language (with some Arab retweets) Twitter account based in Lebanon.
English-language Palestinian Twitter account which reports on news from the Resistance Axis.
English-language PalestineResist telegram channel.
More telegram channels here for those interested.
Various sources that are covering the Ukraine conflict are also covering the one in Palestine, like Rybar.
The Country of the Week is still Lebanon! Feel free to chime in with books, essays, longform articles, even stories and anecdotes or rants. More detail here.
Here is the map of the Ukraine conflict, courtesy of Wikipedia.
You're going to have to (hex)bear with me on the update this week. Have you been feeling generally pretty terrible this last month or so? So have I, and doomscrolling and archiving it all is my quasi-job at this point. Not good, folks, more and more people are saying it. I'll get over it eventually.
Links and Stuff
The bulletins site is down.
Examples of Ukrainian Nazis and fascists
Examples of racism/euro-centrism during the Russia-Ukraine conflict
Add to the above list if you can.
Resources For Understanding The War
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.
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.
Telegram Channels
Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.
Pro-Russian
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
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.
Last week's discussion post.
What happens if China suddenly decides to dump all US T bonds tomorrow?
nothing.
US bonds are just about the safest investment in the world and thus are in high demand. if China sells, someone else will buy them, and then China will have mountains of cash which they have no idea what to do with losing value.
This is the correct answer.
China gets back a whole bunch of junk dollars they already earned from exporting, and that they have no use for (that’s the reason they’re in the US treasuries in the first place).
They can lend it to BRI projects, but that’s just kicking the can down the road, because now the BRI countries have to earn dollars to pay back China.
well, they would quickly lose value as China holds a ton of those, and then I assume that the Americans would see it as an economic attack and press the Posadist button.
Your reply is much more drastic than the other lol. Can't the US just control the price of them? Seems like yeah and like any country would want them
My thinking was more along the lines of China dumps T-bonds -> T-bonds are dumped on the open market, probably triggering a price decrease due to increased supply -> America sees the price being lowered and decides this is economic terrorism / damaging to their economy - > Carrier group gets sunk -> Posadas
Prices would drop and yields on treasuries would increase. This would likely cause a sell off in equities as investors move to snatch up the low risk treasuries, as they are viewed as risk free. This would also lower equity valuations, because equity is valued by discounting future cash flows against a "discount rate" that includes the risk free rate plus an assumed market premium. This would potentially affect existing loan covenants that some companies have, or affect their ability to borrow, in part because it would raise commercial rates and make lending conditions higher. The lowering of stock prices would likely also trigger cost-cutting at corporations as their executives are incentivized to keep growing the market value of their equity. It would also fuck up a lot of banks balance sheets, meaning more possible bank failures and government interventions. It would also make borrowing more costly for the US government, as the Treasury would have to offer a higher coupon rate on its new treauries in order to sell them (the US would have to pay more interest on its new debt).
The affects would also depend on how quickly China attempts to sell everything. They have already been selling off treauries for the last couple of years.