Wednesday, December 17, 2025

Precipitating Euroclear Crisis

 Somewhat Baffled,


  I have been quite puzzled about what is up with the "peace negotiations" in Berlin with European heads of state, who need a long European war to maintain the current power structure, and Americans Steve Witkoff and Jared Kushner, Trump's emmisaries, who appear to have gone in and agreed with then, and Zelinsky, to present to Russia a status quo deal, where Russia stops advancing and sits down to talk, instead. This deal advocates NATO "peacekeepers" in Ukraine, which is what Russia cannot tolerate upon her border. This is a non-starter in every way, certain to be rejected, so that is the intention. Why bother?

  Moon of Alabama teases that question out quite well. Flim Flam Theater Of Peace Talks On Ukraine   https://www.moonofalabama.org/2025/12/flim-flam-theater-of-peace-talks-on-ukraine.html

  Gilbert Doctorow reviews Zelensky's speech Tuesday at the Hague, and is also puzzled at the loser declaring that the winner must capitulate and pay. 
Zelensky’s Speech yesterday at The Hague​  https://gilbertdoctorow.substack.com/p/newsx-world-zelenskys-speech-yesterday

​Fantasy island: Europe Establishes Hague-Based Reparations Commission For Ukraine   https://www.zerohedge.com/geopolitical/europe-establishes-hague-based-reparations-commission-ukraine

  The EU heads of state will meet Wednesday and Thursday for a European Summit, and hope to "agree" upon details of the permanent redirecting of cash flows from the Russian assets. 3/4 of the heads of state hope to more decisively steal the Russian holdings in Euroclear on a permanent basis. 
  That can be understood, but the consequence of such theft are already driving investors away from Euroclear and related large western-financial platforms, where the investor puts money in, and gets the right to income from selected investments, though they actually remain "property" of Euroclear. 

  This is the same arrangement written up in David Webb's book, "The Great Taking", which Ellen Brown summarized well.  "The Great Taking", How They Can Own It All   https://ellenbrown.com/2023/10/03/the-great-taking-how-they-plan-to-own-it-all/

  The vast assets which are held in title by "Cede and Depository Trust & Clearing Corporation" in the US are readily traded electronically, but only the rights to dividends and profits, "beneficial ownership", are traded, as the assets remain corporately owned and are pledged as securities to back other deals, notably derivatives deals, where derivatives holders, such as large banks, hold super-seniority, and can just take all of the pledged pool of assets at the onset of any crisis. All "investors" in stocks, binds etc. are unsecured lenders, with income rights unless interrupted by a crisis or legal intervention, such as this move. It has been assumed that large bankruptcies, like with Lehman and AIG in 2008, would be the trigger for the Great taking, but this "legal" theft of Russian assets within the parallel Euroclear system can do exactly that. Is this the intention?

Gold and Geopolitics examines these Euroclear-specific mec​hanisms​ here: The Great Taking of the Russian assets​ - Webb meets Brussels​   https://no01.substack.com/p/the-great-taking-of-the-russian-assets

​  Thomas Kolbe, Euroclear: The Line Europe Can't Cross Without Breaking Global Trust
​ The damage caused by expropriating Russian assets would be maximal: a financial super-GAU, a total loss of credibility and of the merchant-law principles indispensable to banking and international transactions. The entire global financial system—transaction settlement and custodial asset holding—rests on trust: on the absolute stability of its core pillars.
  Institutions like Euroclear are among those pillars. They do not merely safeguard international transaction flows—they make them possible in the first place. Once this foundation is damaged, far more than a political signal is at risk. The stability of the entire system is on the line.​   
https://www.zerohedge.com/markets/euroclear-line-europe-cant-cross-without-breaking-global-trust

​  What we appear to see is most European heads of state, those who need war against Russia to bolster their power,and the current financial system, through emergency measures, have made a proposal which Russia must refuse, and another proposal to officially rob Russia of something like $180 billion, which will cause a further run on Euroclear holdings, which are not patrticularly liquid in the short term, and could crash Euroclear, at which point banks and financiers with derivatives backed by Euroclear assets will seize ownership, which is their legal right, and Russia will hold the same empty bag as various pension funds and retail investors. 
  This would precipitate an inevitable financial crisis on a predetermined schedule, and would tend to protect the strongest banking and financial interests, such as Blackrock.  
  It would be grossly unfair and would incite revolutionay fervor amongst European citizens. Russia would be blamed, but how effectively? 
Would French,  German and British militaries fire upon their countrymen upon command, or would they refuse, and side against the established order?

  Ellen Brown concludes: Compound Interest Is Devouring the Federal Budget: It’s Time to Take Back the Money Power
​ There is simply not enough money in the producing economy to fund the services we desperately need, pay down the debt, and keep taxes affordable. Sovereign government-issued money is constitutional, historically proven, and — if invested in infrastructure, manufacturing and development — can actually be deflationary.
​  The paper money printed by the central bank and the digital money created by private banks are nowhere mentioned in the Constitution. Only Congress is given the money power — the power “to coin money [and] regulate the value thereof” — a power it executes through the Treasury. If the Federal Reserve resists accepting Treasury-minted high-denomination coins, Congress can require their acceptance by amending the Federal Reserve Act, as it has done several times over the years.
​  With interest threatening to devour the national budget, Congress’s sovereign power to issue money needs to be exercised with some coins larger than quarters and dimes. Congress needs to mint some trillion-dollar coins, as the Constitution empowers it to do.​   
https://scheerpost.com/2025/12/15/compound-interest-is-devouring-the-federal-budget-its-time-to-take-back-the-money-power/

​  Caitlin Johnstone, Israel Propagandists Are Uniformly Spouting The Exact Same Line About The Bondi Shooting
Of course, these outlets and individuals do not actually care about the phrase “globalize the intifada”. If pro-Palestine activists had never chanted that slogan, pro-Israel spinmeisters would be focusing on a different line today. They are not trying to stop chants which they perceive as dangerous, they are trying to stomp out criticism of Israel’s genocidal atrocities.
​  As The Intercept’s Natasha Lennard wrote regarding the aforementioned Bret Stephens piece, “It’s all done in the name of fighting antisemitism by conflating the worst kinds of violent anti-Jewish bigotry, like what we saw in Bondi Beach, with any criticisms of Israel and its actions. To so much as say Palestinians ought to have basic human rights, in this view, becomes a deadly attack on Jewish safety.”​   https://www.caitlinjohnst.one/p/israel-propagandists-are-uniformly

​  So what if this was an Israeli false flag attack for Hasbara?​ Here is everything the media is not telling you about the Bondi beach shooting​   
​ The geniuses at Mossad really haven’t learnt from their recent mistakes. They have yet again left their fingerprints all over Google. Google Trends shows two spikes in searches in Israel for one of the shooters—Naveed Akram—in the days before the massacre, and then a huge spike, one day before the massacre.​..
​..Disturbingly, Netanyahu said this massacre was the result of Australia recognising a Palestinian state. That sounds an awful lot like a confession to me. Netanyahu is now demanding that western countries take steps to stop antisemitism from spreading, by which he 
means ban us from telling the truth about Israel."​   https://www.councilestatemedia.uk/p/here-is-everything-the-media-is-not

Australian governments, media target anti-genocide protests over Bondi Beach shooting​   https://www.wsws.org/en/articles/2025/12/16/vohd-d16.html

 Muslim Syrian-Australian: ‘It was a matter of conscience’: Ahmed al-Ahmed’s family reveal why he risked his life to disarm alleged Bondi shooterAnother cousin, Mustafa al-Asaad, told the Al Araby television network that Ahmed intervened as a “humanitarian act”.
​  “When he saw people dying and their families being shot, he couldn’t bear to see people dying,” he said.
“It was a humanitarian act, more than anything else. It was a matter of conscience … He’s very proud that he saved even one life.​"
​  “When he saw this scene, people dying of gunfire, he told me, ‘I couldn’t bear this. God gave me strength. I believe I’m going to stop this person killing people’.”
​  Asaad said his cousin was an Australian citizen of Syrian origin, from the city of Idlib. After spending an hour with him on Monday morning, he said his cousin told him “God gave me courage” and that he didn’t regret his actions.​   
https://www.theguardian.com/australia-news/2025/dec/15/man-who-tackled-alleged-bondi-gunman-couldnt-bear-to-see-people-dying-cousin-says-ntwnfb

​John Helmer, THE BONDI STRIKE – WHO WILL CONTROL THE NARRATIVE  https://johnhelmer.net/the-bondi-strike-who-will-control-the-narrative/#more-93038

​If plans are already prepared... Australia announces strict new gun laws. Here's how it can act so swiftly   https://www.npr.org/2025/12/15/nx-s1-5645002/australia-new-gun-laws-sydney-bondi-shooting

​  UN General Assembly adopts resolution backing Palestinians' right to self-determination - Draft resolution adopted with 164 votes in favor, 8 against, 9 abstentions​   https://www.aa.com.tr/en/americas/un-general-assembly-adopts-resolution-backing-palestinians-right-to-self-determination/3772208

​  ICC rejects Israeli bid to block Gaza war crimes investigation
The decision comes amid mounting international pressure over the humanitarian toll of Israel’s genocidal war on Gaza.​   
https://www.aljazeera.com/news/2025/12/15/icc-rejects-israeli-bid-to-block-gaza-war-crimes-investigation

Act of War: Trump Orders Full Blockade Of Sanctioned Oil Tankers Off 'Terrorist' Venezuela​   https://www.zerohedge.com/commodities/hunting-season-opens-18-sanctioned-tankers-venezuelan-crude

​  The Pacific coastal drug smuggling routes are the big ones: US carries out strikes on 3 vessels in eastern Pacific
8 alleged 'male narco-terrorists' killed in strikes targeting vessels in international water, says US Southern Command​   https://www.aa.com.tr/en/americas/us-carries-out-strikes-on-3-vessels-in-eastern-pacific-/3772199

They ran out the clock. FBI Agents Thought Clinton's Uranium One Deal Might Be Criminal - But McCabe, Yates Stonewalled Investigation​   https://www.zerohedge.com/political/fbi-agents-thought-clintons-uranium-one-deal-might-be-criminal-mccabe-yates-stonewalled

Internal FBI Memos Warned Biden DOJ 'No Probable Cause' To Raid Mar-A-Lago: Report​   https://www.zerohedge.com/political/internal-fbi-memos-warned-biden-doj-no-probable-cause-raid-mar-lago-report

​  Escape Key, The Price of Permission
​ This essay traces a ‘great transition’ currently underway in global governance: the quiet inversion of price from an expression of preference to a mechanism of permission.
​  Drawing on a wealth of top-tier primary documents published by the BIS, UNDP, OECD, European Commission, Rockefeller Foundation, Stimson Center, WHO, and WEF — among others — it maps an emerging architecture where foresight models generate outputs, those outputs become coefficients attached to transactions, the coefficients propagate through input-output matrices across entire economies, programmable settlement infrastructure gates transactions based on compliance, and physical enforcement systems operate at the boundary. The ratchet — tightening carbon budgets, escalating ‘true costs’, compounding planetary boundaries — ensures the squeeze intensifies without overt decree.
​  Simply put: prices are no longer discovered. Prices discover whether the system permits you at all. A command economy pretending to be a market.​   
https://escapekey.substack.com/p/the-death-of-the-market-signal

​Kyle Young on regulatory changes to remove your protections against 5G and 6G wireless in your front yard: The Technocratic Digital Prison begins 12/30/25   https://secularheretic.substack.com/p/the-technocratic-digital-prison-begins

​  Waymo had to ​remove and reprogram their robotaxis for driving right past school buses loading and unloading kids. This is about Tesla:​  Goldman's First Take On Safety Monitor-Free Robotaxis In Austin​   https://www.zerohedge.com/technology/goldmans-first-take-safety-monitor-free-robotaxis-austin

 Previous chair of ACIP until very recently, a fighter on the right side of history. Dr. Harvey Risch Appointed Chairman of President Trump’s Cancer Panel  
​ Dr. Risch. “This Panel has access to the best minds, cutting edge science, and vast resources required to radically advance Americans’ understanding of cancer development, diagnosis, and prevention. We are sitting on the treasure trove of knowledge necessary to demystify the causes of cancer, and we can use that knowledge to help Americans live fuller, freer lives. Cancer does not have to loom over the American people as an unknowable specter.”
​  Dr. Risch has dedicated his career to studying cancer etiology, prevention, early diagnosis, and epidemiological methods. His research has included studies of ovarian cancer, pancreas cancer, lung cancer, bladder cancer, esophageal and stomach cancer, and cancers related to the use of oral contraceptives and noncontraceptive estrogens.
​  Prior to his tenure at Yale, Dr. Risch received his M.D. degree from the University of California at San Diego and his Ph.D. in mathematical modeling of infectious epidemics from the University of Chicago. After serving as a postdoctoral fellow in epidemiology at the University of Washington, Dr. Risch taught epidemiology and biostatistics at the University of Toronto.
​  Dr. Risch has authored more than 400 original peer-reviewed research papers, which have been cited by other scientific publications more than 59,000 times. He is an Editor of the International Journal of Cancer, was Associate Editor of the Journal of the National Cancer Institute for 25 years, and for six years was a Member of the American Journal of Epidemiology’s Board of Editors.​   
https://www.hhs.gov/press-room/dr-harvey-risch-appointed-chairman-president-trumps-cancer-panel.html

  ​Institutional inertia; where now? FDA Leadership Refuses to Add Black Box Warning to mRNA Injections—Despite FDA Scientists Recommending It
Peer-reviewed evidence of irreversible heart damage and fatal cardiac arrest is dismissed by FDA leadership.​  https://www.thefocalpoints.com/p/breaking-fda-leadership-refuses-to 

​  Fundamental Role of Applied Behavior Analysis in Autistic Children​ - Dr McCullough with Canadian Behavior Analyst John Molinaro
​ In a wide-ranging and deeply informative discussion, Dr. Peter McCullough speaks with John Molinaro, a Board Certified Behavior Analyst (BCBA) from Toronto, Ontario, who has spent nearly a decade working with individuals with autism and other special needs. The interview offers a comprehensive overview of the autism epidemic, its diagnostic evolution, and the therapeutic interventions used today—particularly the application of Applied Behavior Analysis (ABA). Molinaro’s grounded and compassionate perspective highlights both the progress and pressing challenges facing families navigating autism care in North America.​   https://www.thefocalpoints.com/p/fundamental-role-of-applied-behaviour

​"What antidepressant is Right For YOU?"  Side Effects Of 30 Antidepressants Ranked And Compared: Lancet Study   https://www.zerohedge.com/medical/side-effects-30-antidepressants-ranked-and-compared-lancet-study

​   FDA to Probe Safety of RSV Shot for Infants, Citing Deaths Reported in Clinical Trials
The agency plans to investigate two monoclonal antibody shots: Beyfortus, made by Sanofi and AstraZeneca, and Enflonsia, made by Merck. Both are currently recommended for most infants in the U.S. Questions about the shots’ safety surfaced last summer, an HHS spokesperson told Reuters.​   
https://childrenshealthdefense.org/defender/fda-probe-safety-rsv-shot-infants-citing-deaths-reported-clinical-trials/

​  FDA Expands Probe Into COVID Vaccine-Related Deaths to Include Adults
The FDA is expanding its investigation into reports of deaths following COVID-19 vaccines to include adults, after initially looking into the deaths of children who received the vaccine. The agency did not provide details about the investigation, first reported by Bloomberg.​   
https://childrenshealthdefense.org/defender/fda-expands-probe-covid-vaccine-related-deaths-adults/

​  Vaccine Court Awards Family $310,000, Rules Encephalitis After MMR Shot Killed Toddler
The family of 14-month-old Violet Skye Rodela, who died 19 days after getting an MMR and other routine vaccines, won compensation 
from the National Vaccine Injury Compensation Program for the toddler’s death. Violet’s case, along with another case awarded earlier this year, offers lessons for future infant death cases in vaccine court, according to a working group of researchers and advocates.​   
https://childrenshealthdefense.org/defender/vaccine-court-settlement-family-infant-death-mmr-shot-encephalitis/

​  John Klar, What Big Pharma, the Government, and the Media Didn't Want You to Know About Hepatitis B Vaccines
*With an excerpt from Gavin de Becker's New Book, Forgotten Facts: Government Deceit & Suppression About Brain Damage From Childhood Vaccines​   https://www.themahareport.com/p/forbidden-facts-about-hepatitis-b

  ​There is suddenly a lot of glioblastoma since 2021. Nicolas Hulscher, NEW STUDY: Resveratrol and Copper Trigger System-Level Collapse of Human Glioblastoma Aggressiveness in Just 12 Days
​  In one of the deadliest human cancers, cheap nutraceuticals produced coordinated suppression of tumor proliferation, cancer hallmarks, immune checkpoints, stemness, and activated intrinsic apoptosis.​   https://www.thefocalpoints.com/p/new-study-resveratrol-and-copper

​  The Gulf-Stream warms the British Isles, Scandinavia, northern and western Europe. It has been weakening for decades, and may now be collapsing. This becomes an existential threat. How might political and military leaders address it? Thanks Christine.  From Climate Reports to Security Planning - How Government Mentions of the AMOC Are Changing   https://strategicclimaterisks.substack.com/p/from-climate-reports-to-security

Ahead Of The Cold Front (showing some eggplants and green tomatoes not too long ago)


Tuesday, December 16, 2025

Contrarian Views

Contrarians,

​  The Honest Sorcerer expresses a contrarian view: A Frantic Search for the Pause Button - When the reality of resource limits meets elite overproduction
​ With the war in Ukraine in its terminal, conflict resolution phase, and with the economy, the trade war and reshoring critical industries not going as planned, US elites now seem desperate to have a timeout from the geopolitical competition. Contrary to the mainstream media consensus, the new National Security Strategy is not about abandoning European NATO allies, nor making peace with Russia—let alone deescalating tensions with China or in the Middle East. It’s but a proposal to take a three-year breather, during which the burden of maintaining a world spanning western hegemony can be shared more evenly, and after which hostilities could resume at a much larger scale than ever before. But is it even possible to halt the disintegration of the Western world order, load-shedding or not?​ ...
​..All throughout history nobles have sent their [second and third] sons to battles, leading legions of peasants who had little say in the matter, to settle scores against each other, fight for domination over territories, people and resources. Besides enriching its financiers, wars also culled the ranks of the elites themselves, preventing what historian Peter Turchin called elite overproduction. You see, even in a classical kingdom, there were always more aspirants to power and more heirs than cushy positions, titles and castles. What’s worse, the overproduction of elites, could also quickly become a drain on the economy. Left untreated, it resulted in soaring inequality, economic instability and eventually in state collapse, as all resources ended up in the hands of the few, while leaving the masses immiserated. Over the course of our history, wars were the “natural” solution to this problem, maintaining a delicate balance not only between, but within states as well.​..
..Universities, corporations and the growing administrative state, just kept producing people who wanted to belong to the top tier of society. Unlike in previous times, though, when only the offspring of the nobility got a chance trying their hand at governance, a torrent of fresh minds with high ambitions flooded the market... Viewed from this perspective, the proliferation of western led international organizations including, but not limited to, the UN, NATO, the EU, World Bank, IMF, international corporations, the countless NGOs, together with all those media outlets, innumerable think tanks, universities etc., were all buffers established to absorb those elite wannabees and the offspring of the upper class.
..With citizens rebelling against sending their sons to pointless wars to die (as in the Vietnam war), international organizations had to grow exponentially to absorb all the newcomers from the baby boomer, X and millennial generations. Expansion of the administrative state, regulatory bodies, international agencies—and of course that of the EU and NATO—became the primary tool to preserve the status quo...​ Being the prime economic and military force on the planet, together with a historically unprecedented boom in energy production, the West could allow this luxury—at least for the time being.​..
..However, all good things must come to an end. By the dawn of this century Europe has begun to run out of countries to absorb into this model built on ‘infinite growth on a finite continent.’ This has put the West on a collision course with Russia which, on the other hand, has started to reassert itself on the international stage, and pushed back harder and harder on the extension of NATO and EU into their sphere of influence...​ Taken together with the material and energy hungry nature, and export dependence of their economies, the Western way of life, peace and stability was at stake here. Battered by the 2008 financial crisis, followed by a decade of stagnation with its austerity measures, the EU was not doing well. The yellow vest movement in France and the growing discontent with climate policies have shown: the risk of a violent upending of the status quo was a very real possibility.
​  The desire to maintain the status quo has started to mean two mutually exclusive ideas: ‘expansion’ for the transatlantic, and ‘preserving security’ for the Russian side.
  Russia, on the flip side, could not allow an aggressive military alliance to encroach 
on its longest boarder with the rest of Europe. (Especially not, after having been invaded from the West innumerable times over history.) ...
..Fast forward eight years and the civil war, fought over which camp Ukraine belongs to, has grown into a full blown proxy war with NATO—funded, supplied and directed by an alliance of Western states, with US generals at the helm.
  After eleven years of bloodshed and four years of brutal war leaving over a million and a half people dead, we now see a frantic search for an exit. The plan to weaken, regime change and carve up Russia seems to be failing. Badly.​..
..The West has completely underestimated its adversary, together with Russia’s military, manufacturing and diplomatic capacities to navigate the crisis. This is not to say that Russia is not hurting—losing men and machines, struggling with a lack of growth and high interest rates—but their economy and society is far better equipped to endure the pain than that of Europe. Having all the mineral resources and energy they need, combined with a state controlled military-industrial complex geared up for a long war (not to mention the manufacturing support of China).​..
..The West, on the other hand, is being deindustrialized, struggles with high government and private debt levels, and teeters on the edge of a recession for years now... The West desperately needs a breather.
  Yet, despite these facts, and the proclamations of the new National Security Strategy, NATO led by the United States is still in the process of building up a military, industry, and logistics capability needed to fight Russia by 2029… Even if it would come with a complete destruction of the old continent and even if Russia has no such intentions. Remember, the true root cause of this crisis lies in western military-economic expansion—rooted in the overproduction of European elites and an American desire to contain Russia and China as part of it’s global domination agenda.​..  If they have to regime change the current crop of European leaders to do that—by replacing them with a properly co-opted “nationalist” elite—then so be it.​..
..For the current crop of EU leaders, however, maintaining the status quo means maintaining the flow of weapons and money to Ukraine. It’s better to have a permanent war, than being ousted. This is why the imminent danger of a Russian invasion of Europe must be kept at the center of everyone’s attention: thereby ensuring compliance with the 5% spending target and the complete subordination of Europe to American interests.​..
..Western leaders face a stark choice here: seek genuine peace and stop expanding the EU and NATO for real (thereby taking on the immense risk that elite overproduction in combination with growing civic discontent over economic decline will eventually lead to a revolution both in Europe and America), or continue on a path for war, risking total annihilation...​ Russians, on the other hand, might decide to cut this short by launching a decapitation strike with hyper-sonic long range weapons—putting an abrupt end to hostilities and leaving Western capitals in ruins.​..
​..And this is where material reality interjects. With the world de-dollarizing, the west deindustrializing, and as trade limitations on rare earth elements beginning to bite with peak oil and peak copper looming on the horizon, there is little to no chance for Western military hegemony to be restored. Neither in Europe, nor elsewhere...
..The resulting violence—either from conventional or civil war—could then be used as an excuse to curb civil rights, ration energy, ban opposition parties, silence critics and to normalize soldiers and military drones patrolling the streets of London, Paris or Berlin—providing a narrow pathway for western elites to hold on to their power.​..
..With pressure from elite overproduction slowly building up behind the scenes, and with a financial crash clearly on the horizon, the West is more likely to see a rapid, uncontrolled collapse than a slow transition to a multi-polar world.​   https://thehonestsorcerer.substack.com/p/a-frantic-search-for-the-pause-button

A Collapse In Germany's Chemical Sector Is A Bad Omen​   https://www.zerohedge.com/economics/collapse-germanys-chemical-sector-bad-omen

​  Ugo Bardi, Three Years Ago I Predicted Europe's Collapse. I Was Right. - How the energy crisis and bad policy decisions destroyed European industrial competitiveness.   https://senecaeffect.substack.com/p/three-years-ago-i-predicted-europes

Volkswagen is closing a plant in Germany for the first time in 88 years.​   https://en.topcor.ru/66918-volkswagen-vpervye-za-88-let-zakryvaet-zavod-v-germanii.html

​  Michael Snyder, Why Is Europe Feverishly Preparing For World War III?
If there is going to be peace, why are we witnessing the largest military buildup in Europe since the end of the Cold War?  When it comes to the major players on the geopolitical stage, it is far more important to watch what they do than it is to listen to what they say.  And right now the actions that the major European powers are taking are telling us that they are preparing for a huge war with Russia.​   https://www.zerohedge.com/geopolitical/why-europe-feverishly-preparing-world-war-iii

​  Gilbert Doctorow (this morning), Required Reading
​ The greater meaning of the meeting in Berlin yesterday as reflected in the Statement now on the Commission website is that it seeks to perpetuate all of the preconditions that Moscow has called the root causes of the conflict and what prompted them to launch their Special Military Operation. By its terms, NATO-Russian relations will be those of enemies who are armed and ready for the next round of battle at any time. Ukraine will be armed to NATO standards, with NATO military personnel present on the ground as a trip-wire to set off World War III at any time. And the neo-Nazi regime in Kiev will remain in power, with hundreds of billions of euros in Russian ‘reparations’ to sustain the criminal feeding frenzy of its civilian and military leaders.
​  Chancellor Merz and Ursula von der Leyen have gotten what they wanted from this meeting. They are well on their way to ensuring their continued rule for years to come while turning the EU from the Peace Project which it was in the 20th century to the War Project that it is today.​   
https://gilbertdoctorow.com/2025/12/16/required-reading/

Zelensky, Merz Hail NATO-Style US Security Guarantees As 'Real Progress' In Peace Deal​   https://www.zerohedge.com/geopolitical/zelensky-merz-hail-nato-style-us-security-guarantees-real-progress-peace-deal

​  Andrew Korybko, Ukraine’s Anti-Corruption Investigation Appears To Be On The Brink Of Implicating Zelensky
 Their report is significant since it strongly suggests that there’s now tacit consensus between the NYT’s liberal-globalist backers, the conservative-nationalist Trump Administration, and the US’ permanent bureaucracy (“deep state”) about the need to expose Zelensky’s corruption.   https://korybko.substack.com/p/ukraines-anti-corruption-investigation-d04

Zelensky Pal Yermak Office Searched: $14 Million CASH; Wire Transfers info for $2.6 BILLION Found​   https://halturnerradioshow.com/index.php/component/content/article/zelensky-pal-yermak-office-searched-14-million-cash-wire-transfers-info-for-2-6-billion-found?catid=17&Itemid=101

​  Moon of Alabama, EU Sanctions Swiss Intelligence Expert Jacques Baud
The European Union is trying to eliminate sources of information that do not confirm with its official interpretation of real world events.
​  One of the latest persons hit with official EU restrictions is the former Swiss intelligence official and author Jacques Baud:
Jacques Baud is a former colonel of the General Staff, ex-member of the Swiss strategic intelligence, specialist on Eastern countries. He was trained in the American and British intelligence services. He has served as Policy Chief for United Nations Peace Operations. As a UN expert on rule of law and security institutions, he designed and led the first multidimensional UN intelligence unit in the Sudan. He has worked for the African Union and was for 5 years responsible for the fight, at NATO, against the proliferation of small arms. He was involved in discussions with the highest Russian military and intelligence officials just after the fall of the USSR. Within NATO, he followed the 2014 Ukrainian crisis and later participated in programs to assist the Ukraine. He is the author of several books on intelligence, war and terrorism...
..Baud is not writing fantasies. There are footnotes on nearly every page of his books with links to the sources. His analyses are objective and well founded.
​  That of course does not sit well with a EU officialdom that is living in a fantasy world where Russia is so weak that its economy will crash the next month and so strong that it will conquer Europe by next summer. Such Russophrenia is used for a power grab by technocrats and the dismantling of the last traces of democracy in Europe...

..The EU Council, in which the ambassadors of all EU countries voted on these sanctions, has made a very stupid mistake.
Sanctioning Baud guarantees that the Streisand effect will set in:
​  The Streisand effect describes a situation where an attempt to hide, remove, or censor information results in the unintended consequence of the effort instead increasing public awareness of the information.
​  Please let everyone know that Jacques Baud got sanctioned. Make people aware of his writing and thoughts.​   
https://www.moonofalabama.org/2025/12/eu-sanctions-swiss-intelligence-expert-jacques-baud.html

​  June 2017, Deep History of America’s Deep State, By Jada Thacker
The idea of an elitist Deep State – erasing a “mistake”  by the people – pervades current efforts to remove buffoonish President Trump, but the concept has deep historical roots dating from the Founding​.   https://consortiumnews.com/2017/06/23/deep-history-of-americas-deep-state/

​Andrew Korybko on ditching Europe, The Russia-US “New Détente” Could Revolutionize the Global Economic Architecture   https://www.globalresearch.ca/russian-us-new-detente/5908902

The tanker seized by the Americans near Venezuela had a crew of Russians on board.​   https://en.topcor.ru/66920-na-zahvachennom-amerikancami-tankere-vozle-venesujely-okazalsja-jekipazh-s-rossijanami.html

Supertankers Bound For Venezuela Make U-Turns, Fearing US Interdiction, As PDVSA Hit By Cyberattack​   https://www.zerohedge.com/energy/supertankers-bound-venezuela-make-u-turns-fearing-us-interdiction-pdvsa-hit-cyberattack

​  US takeover of Iraq’s West Qurna field sidelines Russia, reasserts energy dominance
US sanctions and Iraqi compliance cleared the way for ExxonMobil to replace Russia’s last major oil foothold in Iraq
, redrawing the lines of control without firing a shot​   
https://thecradle.co/articles/us-takeover-of-iraqs-west-qurna-field-sidelines-russia-reasserts-energy-dominance

​  John Helmer has treaty details and implications: INDIA AND RUSSIA COMBINE TO RESIST TRUMP’S INDIAN OCEAN STRATEGY​   https://johnhelmer.net/india-and-russia-combine-to-resist-trumps-indian-ocean-strategy/

​Fico took 5 bullets: Slovak PM Fico Blast Brussels Warmongers, Wants No Part Of Western Europe If Russian & Ukrainian Lives Are "Worth Shit"​   https://www.zerohedge.com/geopolitical/slovak-pm-fico-blast-brussels-warmongers-wants-no-part-western-europe-if-russian

​Orban vs EU: 83% Of Hungarians Fear Foreign Interference In 2026 Election; New Poll Finds   https://www.zerohedge.com/geopolitical/83-hungarians-fear-foreign-interference-2026-election-new-poll-finds

Aussie PM Invokes 'Right-Wing Extremism' After Islamic Terrorist Attack, Vows Crackdown On Guns​   https://www.zerohedge.com/markets/aussie-pm-invokes-right-wing-extremism-after-islamic-terrorist-attack-vows-crackdown-guns

​  ‘A genuine hero’: Unarmed Muslim bystander filmed disarming Sydney terrorist
Ahmed al Ahmed, 43, a local fruit vendor and father of 2, hailed as ‘hero’ by Netanyahu and Albanese after wrestling rifle from gunman during shooting​   
https://www.timesofisrael.com/a-genuine-hero-unarmed-muslim-bystander-filmed-disarming-sydney-terrorist/

​Caitlin Johnstone, Israel Apologists Hasten To Use Bondi Shooting To Attack Anti-Genocide Activists   https://www.caitlinjohnst.one/p/israel-apologists-hasten-to-use-bondi

Israeli Narrative Debunked- Bondi Terrorists Were Tied To ISIS.​ - Israel Tried To Blame Iran and Palestine For The Attack​   https://the307.substack.com/p/israeli-narrative-debunked-bondi

​  Euro-Med: Israeli bulldozer crushes wounded child to death
​ In a statement, the Euro-Med said its field team documented the case of Zaher Nasser Shamiya, 16, from Jabalia refugee camp, who was shot by Israeli forces on Wednesday, December 10, 2025. He was left to bleed on the ground while gunfire in the area prevented any help from reaching him. Minutes later, an Israeli bulldozer intentionally crushed him, even though he was still alive and lying on the ground, slicing his body into two and leaving him in pieces.
​  The child’s uncle told the Euro-Med that Shamiya had been near the Jabalia Services Club, approximately 50 meters from the Yellow Line, when Israeli forces arrived at the area and opened heavy fire. Shamiya was struck, reportedly by fire from a quadcopter drone, near his head. Witnesses saw him still moving before his friends fled, leaving him lying injured.​   
https://english.palinfo.com/news/2025/12/11/353490/

Trump's Israeli-Born Pick for U.S. Anti-Semitism Czar Plans to Work With Social Media to Suppress 'Hatred'​   https://www.informationliberation.com/?id=65077

Drop Site: 12 dead and 27,000 tents destroyed in Gaza storms; Report finds $1 billion in revenue from Gaza aid extortion​   https://www.dropsitenews.com/p/twelve-dead-gaza-storms-gaza-aid-extortion-trump-executive-orders-artificial-intelligence-drop-site-daily

Rising maternal malnutrition in Gaza drives up newborn mortality​   https://israelpalestinenews.org/rising-maternal-malnutrition-in-gaza/

“We can not even describe” living conditions in Gaza, as babies freeze to death – Not a Ceasefire Day 63​   https://israelpalestinenews.org/we-can-not-even-describe-living-conditions-in-gaza-as-babies-freeze-to-death-not-a-ceasefire-day-63/

More Gazans freeze to death amid storms and flooding – Not a Ceasefire Day 64​   https://israelpalestinenews.org/more-gazans-freeze-to-death-amid-storms-and-flooding-not-a-ceasefire-day-64/

Israeli drone strike kills 4 in Gaza – Not a Ceasefire Day 65​   https://israelpalestinenews.org/israeli-drone-strike-kills-4-in-gaza-not-a-ceasefire-day-65/

​  Israel’s Gaza proxy strategy is collapsing
The killing of gang leader Yasser Abu Shabab, a known felon and druglord, by one of his own men
 has exposed the bankruptcy of Israel’s vision for the Strip.​   
https://www.972mag.com/israel-gaza-proxy-yasser-abu-shabab/

IOA uprooted 1,608 olive trees in the West Bank in one week​    https://english.palinfo.com/news/2025/12/14/353666/

​  UN: Israeli settlement expansion in the West Bank hits record levels
​ In a report submitted to members of the UN Security Council, Guterres said indicators of Israeli settlement growth peaked in 2024, marking an unprecedented surge since UN monitoring efforts formally began seven years ago.
​  According to the report, plans were advanced, approved, or put out to tender for nearly 47,390 settlement housing units in 2024, compared with about 26,170 units in 2023. The figures represent a sharp increase over previous years, during which the annual average between 2017 and 2022 stood at around 12,800 settlement units.​   
https://english.palinfo.com/news/2025/12/13/353620/

​  Israel orders demolition of 25 residential buildings in Nur Shams camp
The Israeli occupation forces have issued a military order to demolish 25 residential buildings in the Nur Shams refugee camp, located in the Tulkarem governorate in the northern West Bank.​   https://english.palinfo.com/news/2025/12/14/353692/

​  IOF raids homes, kidnaps Palestinians in W. Bank
The Israeli occupation forces (IOF) stormed different West Bank areas at dawn Saturday and kidnaped a number of Palestinian citizens in the cities of Ramallah and Bireh. According to local sources, the IOF carried out raids on homes and arrests during a campaign in the cities of Ramallah and Bireh.​   https://english.palinfo.com/news/2025/12/13/353588/

​  Israeli settler groups have begun bulldozing Palestinian lands in the town of Beit Sahour to make way for a new settler outpost. The settlement threatens the existence of the largest remaining Christian community in the West Bank​.   https://israelpalestinenews.org/new-israeli-settlement-in-west-bank-town-near-bethlehem-threatens-the-christian-presence-in-palestine/

Israel gives legal status to 19 West Bank settlements​   https://ground.news/article/israel-gives-legal-status-to-19-west-bank-settlements-media-reports_4d405a

​  Israeli navy arrests 4 fishermen, blows up their boat
The Israeli naval forces arrested four Palestinian fishermen off the coast of Gaza’s main port and later blew up their boat, in yet another attack in the ongoing series of violations against Gaza’s fishing community since the start of the war of extermination in October 2023.
​  Zakaria Bakr, head of Gaza’s Fishermen Union, confirmed the arrests and the destruction of the boat, adding that the Israeli navy has killed around 230 fishermen since the war began. He also noted that 28 fishermen remain in Israeli detention.​   
https://english.palinfo.com/news/2025/12/14/353689/

Israel Insists on Hamas Disarmament, Rejects Freeze Proposal​   https://english.aawsat.com/arab-world/5218512-israel-insists-hamas-disarmament-rejects-freeze-proposal

​  Trump Reportedly Planning to Appoint US General to Command ISF in Gaza
​ Trump told reporters Wednesday that he's planning to announce the Gaza Board of Peace in early 2026.
According to Axios, two Israeli officials said US Ambassador Mike Waltz to the UN, who visited Israel this week, told Prime Minister Benjamin Netanyahu and other officials that the Trump administration is going to lead the ISF and appoint a two-star general as its commander.​ "Waltz even said he knows the general personally and stressed he is a very serious guy," one Israeli official said.
​  The Israeli officials said Waltz stressed that having an American general in charge of the ISF should give Israel confidence it will operate according to appropriate standards.​   
https://english.aawsat.com/arab-world/5218473-trump-reportedly-planning-appoint-us-general-command-isf-gaza

  ​Stealing Palestinian gas: Netanyahu planning Cairo trip to sign multibillion-dollar gas deal with Egypt
Senior US source confirms to ToI that Israeli officials are working with American diplomats on preparations for trip, which would be PM’s first official state visit to Egypt in 15 years​   https://www.timesofisrael.com/netanyahu-planning-cairo-trip-to-sign-multi-billion-gas-deal-with-egypt/

4 Palestinians killed in Israeli strike in Gaza amid ceasefire violations​ - Israeli army claims it targeted senior Hamas member in Gaza City​   https://www.aa.com.tr/en/middle-east/4-palestinians-killed-in-israeli-strike-in-gaza-amid-ceasefire-violations/3770513

​  Not "ISIS": Gunman Who Killed Three Americans in Syria Was Member of Syrian Government’s Security Forces
Two members of the Iowa National Guard and a civilian interpreter were killed in the attack​   https://news.antiwar.com/2025/12/14/gunman-who-killed-three-americans-in-syria-was-member-of-syrian-governments-security-forces/

Israel has announced its readiness for a new strike on Iran.​   https://en.topcor.ru/66892-v-izraile-zajavili-o-gotovnosti-k-novomu-udaru-po-iranu.html

​  Sacking Iranian professor shows US human rights reality​ The University of Arkansas in the United States has dismissed an Iranian professor by the name of  Shirin Saeidi from her position as director of the Middle Eastern Studies department over her social media posts in solidarity with Iran and Palestine​   https://en.mehrnews.com/news/239827/Sacking-Iranian-professor-shows-US-human-rights-reality

​  US commandos raided cargo ship travelling from China to Iran, stole cargo: Report
The reported seizure in the Indian Ocean came weeks before US forces raided and stole a Venezuelan oil tanker carrying millions of barrels of oil​   
https://thecradle.co/articles/us-commandos-raided-cargo-ship-travelling-from-china-to-iran-stole-cargo-report#google_vignette

​  A leaked U.S. wargame assessment known as the Overmatch Brief reports that Chinese missile, cyber, and space-based attacks repeatedly disabled or sank the USS Gerald R. Ford during Taiwan conflict simulations.​   https://www.armyrecognition.com/news/navy-news/2025/leaked-u-s-war-games-show-china-could-sink-uss-gerald-r-ford-carrier-in-potential-taiwan-conflict#google_vignette

Military Watch: The US knows China can sink its aircraft carriers not only near Taiwan.​   https://en.topcor.ru/66919-military-watch-ssha-znajut-chto-knr-mozhet-potopit-ih-avianoscy-ne-tolko-vozle-tajvanja.html

Chinese navy attacked Phillipine fishermen in​ disputed waters. China Blasts 'Premeditated' Provocations Of US-Allied Philippines At Disputed Shoal​   https://www.zerohedge.com/geopolitical/china-blasts-premeditated-provocations-us-allied-philippines-disputed-shoal

​  Direct investment: South Korea’s defense giant plans $1 billion US plant for 155mm howitzer modular charges
Hanwha aims to introduce its fully automated, vertically integrated production capabilities in the United States.​   https://interestingengineering.com/military/south-korea-hanwha-howitzer-modular-charges

​  We're "At The Beginning Of The Credit Destruction Cycle"; Ed Dowd Warns
So, when does the panic kick in?  Dowd says, “The panic kicks in when there is some sort of banking wobble or stock market wobble, which is in the process of setting up..."
​  "Private credit is the first to show problems.  We had Tricolor Holdings (subprime auto lending bankruptcy) go poof.  We had First Brands (bankruptcy) go poof.  This is all private credit.  We have had other lenders like PrimaLend (bankruptcy) starting to go poof.  Private credit is just like subprime.  It not a very big part of the Jenga credit chain, but it’s enough to start a daisy chain of knock-on effects.  
​  So, this is where we are, at the beginning of the credit destruction cycle.  We are seeing consumer credit card delinquencies nearing all-time highs, auto loan delinquencies and, next up, we will be seeing mortgage delinquencies.
​  People stop paying their credit cards first, then their auto loans and stop paying on their homes last.
​  As the layoffs accelerate, and we are already seeing more high-profile layoffs at Amazon, UPS and you name it, once those begin, we will be seeing higher delinquency rates.”
​  Dowd sees much lower prices for homes.  Dowd says,
​  “There is a distinct problem between homes for sale and homes sold, meaning there are a lot of people wanting to sell their homes and not a lot of people buying them.​ The inventory continues to grow. . .. The only way this clears is through price.  The price of homes is going lower.
​  We had an overbuild in multi-family housing because of the illegal immigrants.  Those deals are going sour and rolling over."​ ...
​..China is a lot weaker than anyone can imagine.  Dowd says,
​  “Not only does China have long-term structural problems, our report identifies a very acute part of their real estate crisis, which is beginning now and accelerating into 2026. . .. China is struggling mightily.  We have more bargaining chips than a lot of us think.  When I hear things like ‘China holds all the cards and Trump is screwed,’ I laugh.”​   
https://www.zerohedge.com/markets/were-beginning-credit-destruction-cycle-ed-dowd-warns

House GOP to Clintons: Appear for Epstein Hearings Dec. 17 or Face Contempt of Congress Proceedings​   https://redstate.com/bobhoge/2025/12/13/house-gop-to-clintons-appear-for-epstein-hearings-dec-17-or-face-contempt-of-congress-proceedings-n2197102

Trump Sues BBC For $10 Billion Over Misleading Jan. 6 Edits​   https://www.zerohedge.com/political/trump-sues-bbc-10-billion-over-misleading-jan-6-edits

​  Shared State and Federal jurisdictional issues: PRISON OFFICIALS WON’T RECOGNIZE PRESIDENT TRUMP’S PARDON – LAUGH AT REQUEST AND REFUSE TO RELEASE TINA PETERS   https://www.thegatewaypundit.com/2025/12/breaking-huge-prison-officials-wont-recognize-president-trumps/

  He did not identify as a UA Flight Attendant in his posts: United Airlines Caught Digging Through 140,000 Posts – Musk’s X Saves Fired Attendant
The settlement underscores ongoing challenges airlines face in balancing corporate values with employee expression on personal digital platforms.​   https://aviationa2z.com/index.php/2025/12/14/united-airlines-caught-digging-through-140000-posts/

Luxury Cars, Private Villas And Stacks Of Cash: How Somali Fraudsters Spent Minnesotans' Money​   https://www.zerohedge.com/political/luxury-cars-private-villas-and-stacks-cash-how-somali-fraudsters-spent-minnesotans-money

​Lifetime environmental impact is not lessened, and supply of EV materials will run out.  Brussels Slams Brakes On 2035 Combustion Engine Ban   https://www.zerohedge.com/markets/brussels-slams-brakes-2035-combustion-engine-ban

  A Midwestern Doctor advocated preventive steps first.  Reversing Alzheimer’s: The Forgotten Causes and Cures Big Pharma Buried
It Starts Early: Spot the Hidden Signs and Stop Alzheimer's Before It Takes Hold​   https://www.midwesterndoctor.com/p/reversing-alzheimers-the-forgotten

​  Meryl Nass MD, Bayer's $17 Billion War Chest to Pay For and END its Glyphosate Liability; a Supreme Court Coup; and identifying Bayer's 6 pronged strategy to win at all costs   https://merylnass.substack.com/p/bayers-17-billion-war-chest-to-pay

Share and share-alike: Typhoons vacuum microplastics from ocean and deposit them on land, study finds   https://phys.org/news/2025-12-typhoons-vacuum-microplastics-ocean-deposit.html


​Terrestrial Dweller (pictured closer up with large spiderweb, and spider visible near shirt collar)   


Saturday, December 13, 2025

More Than Money

 Nonfinancial Economists,


  Surplus Energy Economics, Madmen and economists - THE ESCALATING DANGERS OF ECONOMIC DENIAL
 One of the greatest mysteries of our times is why the authorities have not only permitted but actively, through their policy choices, promoted the formation of the biggest bubble in financial history, whilst knowing perfectly well, all along, how this must end...
..If it ever became known that the economy had stopped growing and started to shrink, no existing set of social, political or commercial arrangements could survive. The denial of economic inflexion is the sine qua non for the defence of the status quo. Nowhere in the world is worse equipped than the West for surviving the ending and reversal of growth...
..What seems to have happened is that the only lever that decision-makers can pull in a slumping economy is the lever of financial stimulus, the use of which in turn triggers a runaway compounding process of escalating risk...
..The Surplus Energy Economics interpretation of economics is based on a comparison between the “real” economy of material products and services and the parallel “financial” economy of money, transactions and credit.
  The productive process which drives the underlying “real” economy works by using energy to convert other raw materials into products, artefacts and infrastructures, as part of a continuous cycle of production, consumption, relinquishment and replacement.
  Though depletion has subjected the non-energy resource base – including minerals, non-metallic mining products, biomass and accessible water – to gradual degradation, the primary factor driving the material economy from growth into contraction has been a relentless rise in the proportionate cost of energy. Measured here as the Energy Cost of Energy, this cost has climbed from 2.0% in 1980, and 4.3% in 2000, to more than 11% today.

...Kenneth Boulding famously said that only “a madman or an economist” could believe that exponential economic growth could carry on forever on a finite planet. His view was reinforced and quantified by the authors of the contemporaneous The Limits to Growth (LtG), who set out the interconnected processes which would put an end to economic expansion.
  But “eventual” has always been a key word in this argument. Though no timescales were specified in LtG, the accompanying charts appeared to put this ending of growth somewhere between 2020 and 2030, which was a matter of little immediate concern when the report was published back in 1972.
  LtG has been revisited on a number of occasions, and these reviews have tended to vindicate the original thesis. As this has happened, time has moved on, and the moment of inflexion from economic growth into contraction has drawn ever nearer.
  SEEDS analysis concurs with the LtG projections, indicating that material economic growth might already have ended, and that the economy will have inflected into contraction by the end of this decade.
  This has been a matter of modelled calculation, but there’s an abundance of external evidence to support it...
..International relations have been degenerating into bare-knuckled fights over scarce and dwindling resources.
  But the single most compelling piece of evidence for the onset of economic contraction is the gigantic bubble that has been inflated across almost all classes of assets in modern times...
..Each dollar of reported growth has been accompanied by net new financial liabilities of at least $8.
Even this calculation drastically understates the severity of the situation, for two main reasons.
  First, the aggregate financial liabilities referenced here do not include enormous “gaps” in the under-resourcing of forward pensions promises.
Second, and even more seriously, most of the “growth” reported in recent times has been cosmetic, amounting to nothing more than the transactional spending of vast amounts of borrowed money.
  SEEDS analysis puts real growth in prosperity since 2004 at only 25%, reflecting a 37% increase in energy consumption, a dramatic rise in ECoEs, and a gradual decline in the rate at which energy use converts other resources into economic value.
  The scale risk of extreme increases in liabilities has been compounded by rising complexity risk as the financial system has morphed into a bafflingly Byzantine structure of inter-dependent cross-collateralisation...
..Qualitative risk has increased as the centre of gravity of credit supply has migrated from the comparatively transparent and conservative centre of the financial system to its opaque and dangerous periphery.
  Everyone knows how the reckless over-inflation of bubbles always ends, and many are familiar with the truism that “you can’t taper a  ponzi”...   
..Governments have become primary drivers of credit expansion, with public debt soaring as fiscal deficits now routinely exceed – in some cases, far exceed – reported “growth”. But why would governments and central banks knowingly court the chaos that must result from the bursting of ‘the bubble to end all bubbles’?
  Charles Hugh Smith has given us the clue to this seemingly inexplicable behaviour in a particularly perceptive recent article in which he explained that “the entire bubble economy is a hallucination”.
  A “hallucination”, of course, is ‘a perception that differs from material reality’, or, in the simplest of terms, a false narrative. The “false narrative” to which we have been subjected is that economic growth not only hasn’t stopped, but won’t.
  If it ever had to be admitted that economic growth had ended, you see, all existing social, political and commercial arrangements would be invalidated... 
(It) would put an end to the post-capitalist expediency (PCE) now prevalent in the West...
..The economy is not shaped by money. Within our two economies conception, we know that money has no intrinsic worth, but commands value only in terms of those material things for which it can be exchanged. This, in Surplus Energy Economics, is the principle of money as claim... Unlike money, energy and raw materials can’t be loaned into existence by the banking system, or conjured out of the ether by central banks... Money is a proxy for material economic prosperity, whilst the basis of this prosperity is the use of energy to convert natural resources into material products and infrastructures...
..Far from being limitless, the potential of technology is contained within an envelope of possibility whose boundaries are set by the laws of physics and the characteristics of materials... The claim that ‘exponential growth can go on forever in a finite world’ is made, if not exactly by ‘madmen and economists’, then on the basis of orthodox economics and cornucopian fantasy.
  Beyond its sheer size, what’s truly fascinating about the mania for all things AI-related is the way in which it fuses together the monetary and technological delusions that support the claim of never-ending economic growth.
  Critical to this fusion is a disregard for the constraints of material finality.
  Whatever promise the technology itself might offer, the current Western business model for AI makes vast demands for material resources, the most significant of which are energy and waterEven if these resources actually exist at the requisite scale – which is very far from certain 
[not near enough copper] – they can only be channelled into AI at the direct expense of households and other businesses...
..Whereas most of the money lost in the dotcom bust was equity, most of the value at risk in AI is debt, with significant cross-financing involved. The assets used as collateral for this debt are likely to have remarkably little residual value...
..What we have been seeing, then, is the use of reckless financial expansion in an effort to either counter, or disguise, the ending and reversal of economic growth... fiscal and monetary stimulus is an addictive drug, and a particularly alluring one when no other course of action is available...
..What recent events have been telling us is that, whilst policy-makers seem to be panicking, the moment of economic inflexion is drawing very close indeed. It might, in this context, be of interest that “the astronomical level of insider selling of publicly traded stocks” has now reached levels second only to those of 2007 – and we know what happened after that.   https://surplusenergyeconomics.wordpress.com/2025/12/11/315-madmen-and-economists/comment-page-1/#respond

  Ugo Bardi notes that representative governments flourished with growing fossil-fueled industrial economies.  A Seneca Cliff for Global Democracy?   https://senecaeffect.substack.com/p/a-seneca-cliff-for-global-democracy

  What if they just repudiate that $US debt and start fresh... Mounting debt crisis means global South governments are spending on average 15% of their revenue servicing external debt. This figure has doubled since 2010. More than 3.4 billion people now live in countries that spend more on interest payments than on health or education.   https://x.com/jasonhickel/status/1998736671009861800

​  France's Fiscal Death Spiral: A Nation Incapable Of Reform​ 
What is now unfolding in France may soon drag the entire Eurozone into deep turmoil. The country is staggering through a fiscal crisis while locked in a political stalemate that seems impossible to break. In the bond market, the clock is ticking loudly as France’s public debt spirals out of control. This week, Prime Minister Sébastien Lecornu celebrated a textbook Pyrrhic victory. On Tuesday, the National Assembly narrowly approved his draft for next year’s social budget. But the win came at a steep price: sweeping concessions that will only worsen an already explosive fiscal situation.​   https://www.zerohedge.com/political/frances-fiscal-death-spiral-nation-incapable-reform

  Federal government hardware and software enables writing and cashing checks. First it was the penny now paper checks could eventually disappear altogether   https://endtimeheadlines.org/2025/12/first-it-was-the-penny-now-paper-checks-could-eventually-disappear-altogether/

Russian Central Bank Sues Euroclear As EU Tries To Ram Through Assets Seizure   https://www.zerohedge.com/markets/russian-central-bank-sues-euroclear-eu-tries-ram-through-assets-seizure-ukraine

​  The EU has an economic emergency​ it can't openly discuss. EU triggers emergency clause to indefinitely immobilise Russian assets
The EU has decided to keep the assets of the Russian Central Bank immobilised for the foreseeable future. The ban, which is based on a provision for economic emergencies, pushes back against external attempts to release the €210 billion in assets before Ukraine is compensated...
..By doing so, the EU locks in the assets under its jurisdiction for the foreseeable future amid fears that the United States might seek control of the Russian funds and use them in a future settlement with Moscow to end the war.
  The long-term immobilisation was agreed by ambassadors on Thursday afternoon under Article 122 of the EU treaties, which only requires a qualified majority from member states and bypasses the European Parliament.  
https://www.euronews.com/my-europe/2025/12/11/eu-triggers-emergency-clause-to-indefinitely-immobilise-russian-assets

​  Simplicius, Brussels "Crosses Rubicon" in Final Act of Self-Destruction to Seize Russian Assets ... And Buy Ukraine a Sliver of Time
​ The day started with more hysteric-level fear-mongering from the dual totalitarian NATO-EU hydraRutte grimly declared that Russia has brought war to Europe, and that Europeans must be prepared for the scale of war that their ‘grandparents’ endured during WWII​...
..This comes on the same day that the Brussels mafia has lowered the latch on the final act of its own self-immolation by voting to illegally change the need for a unanimous decision on the matter of returning Russia’s ‘frozen assets’ in order to freeze them in place indefinitely as a backstop to Ukraine’s “reparations”. They did this by using a clause for “economic emergencies”, in essence citing that the EU is suffering severe economic damage as result of “Russia’s war”.
Viktor Orban issued a fiery rebuttal on this occasion..
​  "With today’s procedure, the Brusselians are abolishing the requirement of unanimity with a single stroke of the pen, which is clearly unlawful.
With today’s decision, the rule of law in the European Union comes to an end
, and Europe’s leaders are placing themselves above the rules. Instead of safeguarding compliance with the EU treaties, the European Commission is systematically raping European law​ .​.. With this, the rule of law in the European Union is being replaced by the rule of bureaucrats. In other words, a Brusselian dictatorship has taken hold."​ ...
..The problem is, as I have been outlining in the past two articles, the US has ramped up its pointed war on the current EU superstructure in quite surprising but logical ways. According to new reports, the US intends to pull Austria, Hungary, Italy, and Poland from the EU, pulling the rug from under the decrepit bloc.​... This is stated by the publication Defense One, citing an unpublished version of the US national security strategy, which was privately sent to journalists.   https://simplicius76.substack.com/p/brussels-crosses-rubicon-in-final

Trump Team Denies Leaked 'Secret Plan' To Break EU Nations Away From Brussels' Grip​   https://www.zerohedge.com/geopolitical/trump-team-denies-leaked-secret-plan-break-eu-nations-away-brussels-grip

​  Russian Central Bank Sues Euroclear Over Frozen Assets; Will the EU Be Hoist on the Investor-State Settlement Disputes (ISDS) Petard?​    https://www.nakedcapitalism.com/2025/12/russian-central-bank-sues-euroclear-over-frozen-assets-will-the-eu-be-hoist-on-the-investor-state-settlement-disputes-isds-petard.html 

  Belgian PM De Wever not ruling out legal action if the EU seizes Russian assets held by Euroclear  
He is emphasising the risks of such a seizure and in such a case the risks cannot be borne by Belgium alone.  He calls his conditions “rational, reasonable and justified”.​   https://www.vrt.be/vrtnws/en/2025/12/11/pm-de-wever-not-ruling-out-legal-action-if-the-eu-seizes-russian/?

​  Italy, Bulgaria, and Malta have joined Belgium’s calls for alternatives to a €210 billion loan scheme to Ukraine using frozen Russian assets, in a move that threatens to torpedo the EU’s goal of agreeing the so-called ‘reparations loan’ at next week’s crunch EU summit.​   https://www.alliansfriheten.se/italy-bulgaria-and-malta-join-belgium-in-push-for-alternatives-to-e210-billion-ukraine-loan-euractiv-com/

EU states seek wider boarding powers to counter vessels suspected of aiding Russia’s war effort​   
https://www.euractiv.com/news/eu-to-reinterpret-sea-law-to-confront-russias-shadow-fleet/ 

​  US revised 27-point peace plan drops ban on Ukraine’s Nato membership
 The ban on Ukraine ever joining was included as Point 3 in the original US sponsored 28-point peace plan (28PPP) floated at the end of November that was presented to Russian President Vladimir Putin at a Moscow meeting on December 3.
​  The revised US peace plan also envisages the demilitarized zone being internationally recognized as Russian territory, the Financial Times reported, citing a draft agreement.
​  According to the publication, the American side, as part of the peace process, is proposing the creation of a so-called "belt of fortresses"  a territory in eastern Ukraine that Kyiv would be forced to vacate. ​  
https://www.intellinews.com/us-revised-27-point-peace-plan-drops-ban-on-ukraine-s-nato-membership-416395/?

  Ukraine ready to consider Donbas demilitarized zone in concession to end war
Mykhailo Podolyak, an advisor to Ukrainian President Volodymyr Zelensky, tells Le Monde that the zone would require Ukrainian and Russian forces to both pull back from the front line.
  With downcast eyes and a subdued voice, German Chancellor Friedrich Merz admitted on Thursday, December 11, that Ukraine was now "ready" to accept territorial concessions. Kyiv has agreed to one of the major points in negotiations with the United States and Russia by accepting the establishment of a demilitarized zone in the Donbas.   https://www.lemonde.fr/en/international/article/2025/12/11/ukraine-ready-to-accept-donbas-demilitarized-zone-in-concession-to-end-war_6748397_4.html

​65% for peace, assuming Russia gets Dombas: Russian support for peace talks rises to wartime high as public sees war goals largely met   https://www.intellinews.com/russian-support-for-peace-talks-rises-to-wartime-high-as-public-sees-war-goals-largely-met-416055/?source=russia

  Israeli army kills 3 more Palestinians in Gaza despite ceasefire
Israeli force made up of several military vehicles and bulldozers advanced into Jabalia, witnesses say   
https://www.aa.com.tr/en/middle-east/israeli-army-kills-3-more-palestinians-in-gaza-despite-ceasefire/3767573

Rights group: Palestinian prisoners are freezing to death in Israeli jails  https://english.palinfo.com/news/2025/12/10/353369/

​  Brutal winter storms in Gaza put 850,000 people at imminent flood risk; Over 100 Palestinians detained in West Bank; U.S. military onboards Google’s AI​   https://www.dropsitenews.com/p/brutal-winter-storms-gaza-flood-risk-united-states-military-google-artificial-intellegience-palestinians-detained-west-bank-raid-drop-site-daily

Gaza Tent Cities Under Water Amid Deadly 'Catastrophic' Storm​   https://www.zerohedge.com/geopolitical/gaza-tent-cities-under-water-amid-deadly-catastrophic-storm

Their brains can't grow, either. Gaza’s babies ‘scarred by war before first breath’ by malnutrition​   https://news.un.org/en/story/2025/12/1166539

​Broad-spectrum genocide: Acute malnutrition epidemic stalks Gaza – Not a Ceasefire Day 61   https://israelpalestinenews.org/acute-malnutrition-epidemic-stalks-gaza-not-a-ceasefire-day-61/

  Jonathan Cook, Israel's biggest con trick: Hiding the true numbers it has killed in Gaza
 Early on, Israel wrecked Gaza’s capacity to count its dead by destroying the enclave’s governmental offices and its hospitals. The 70,000 figure is likely to be a drastic under-estimate.
​  No, the biggest con trick is that Israel has successfully penned us all into a “debate”, one entirely divorced from reality, that relates only to those killed directly by its bombs and gunfire.
​  The truth is that far, far larger numbers of people in Gaza have been actively killed by Israel not through these direct means but through what statisticians refer to as “indirect” methods.
​  These people were killed by Israel destroying their homes and leaving them with no shelter. By Israel destroying their water and electricity supplies and their sanitation systems. By Israel levelling their hospitals. By Israel starving them. By Israel creating the perfect conditions for disease to spread. The list of ways Israel is killing people in Gaza goes on and on.
​  Imagine your own societies levelled in the way Gaza has been. How long would your elderly parents survive in this hellscape?​   
https://jonathancook.substack.com/p/israels-biggest-con-trick-hiding

​  How Israel Organizes and Arms Settler Militias to Terrorize Palestinians in the West Bank
What often appears as sporadic settler violence is in fact an organized system with an official structure fully operating as intended.​   
https://www.dropsitenews.com/p/israel-organized-settler-militias-west-bank-palestinians-funding-arms

Israel’s Knesset Approves Legislation That Legalizes Execution of Palestinian Abductees​   https://www.globalresearch.ca/israel-knesset-approves-legislation-legalizes-execution-palestinian-abductees/5908634

Daddy-Warbucks: Measure To Protect Israel From Global Arms Restrictions Tucked Into US Defense Budget​   https://israelpalestinenews.org/measure-to-protect-israel-from-global-arms-restrictions-tucked-into-us-defense-budget/

​  Remember what it took the get politicians to start calling for banning social media for kids; awareness of Israel's genocide.​ 
Rahm Emmanuel: 
​  When it comes to our adolescents, it’s either going to be adults or the algorithms that raise our kids. No child under the age of 16 should have access to social media. TikTok, Instagram, Snapchat, and others are too powerful, too addictive, too alluring and too often target our young kids. Parents cannot fight Big Tech alone. Sensible regulations cut teen smoking and banned phones in classrooms to boost academic and social development. We’ve proven that smart steps are effective. The time for debate and discussion is over. It’s time to protect our kids and strengthen our families.​   https://x.com/YousefMunayyer/status/1998484362153619872

​  In new peace, US firms will help Israel spy on and target Gazans
The presence of Palantir and Dataminr at the new US military compound in Israel offers a glimpse of how tech companies are cashing in​   
https://responsiblestatecraft.org/surveillance-gaza/

​It's just a legal contract: Israel will withhold 50 million cubic meters of water from Jordan   https://www.turkiyetoday.com/region/israel-will-withhold-50-million-cubic-meters-of-water-from-jordan-report-3211038?s=1

  Max Blumenthal, Trump proudly announces an act of piracy, with the US theft of an oil tanker from Venezuela bound for Cuba
This act of financial terrorism was aimed at starving Cuba of energy, worsening its blackout crisis and tormenting its population   
https://x.com/MaxBlumenthal/status/1998888422283559051

  It wasn't secret: Seized Tanker Reveals Cuba's Secret Oil Lifeline As Trump Turns To Gunboat Diplomacy
​ Secretary of State Marco Rubio has realized that it is all about following the money. If the U.S. military posture in the Caribbean is one of "gunboat diplomacy" aimed at ushering in regime change in Caracas, Venezuela's capital, against the country's autocratic leader, Nicolás Maduro, then one way to accelerate regime instability is to weaken Cuba materially.
​  During President Trump's first term, there was a brief moment in which the Maduro regime appeared close to being overthrown, but it was countered by support from Cuba. According to The New York Times reporters Michael Crowley and Edward Wong, that failure frustrated Trump, his advisers, and then Senator Rubio, who had backed regime change.
​  "Their theory of change involves cutting off all support to Cuba," said Juan S. Gonzalez, who was President Joe Biden's top White House aide for Western Hemisphere affairs. "Under this approach, once Venezuela goes, Cuba will follow."​   
https://www.zerohedge.com/geopolitical/seized-tanker-reveals-cubas-secret-oil-lifeline-trump-turns-gunboat-diplomacy

An American Regime Change War With Venezuela Is Heating Up, These Are The real Motives Behind It.​   https://the307.substack.com/p/war-with-venezuela-is-heating-up

​  Caitlin Johnstone, The Empire Is Scrambling To Fully Dominate Latin America, And Other Notes
​ Stealing the oil hurts both Cuba and Venezuela, who are the two primary enemies of the US empire in the Americas because of their strongly socialist governments. They got a right wing government into Bolivia this year, and now they’re hurrying to push regime change in Caracas and Havana while they’ve got a right wing tyrant in office with a gusano secretary of state. The hope is to force the entirety of Latin America into full alignment with the empire before Trump leaves office.​   https://www.caitlinjohnst.one/p/the-empire-is-scrambling-to-fully

US preparing to seize more tankers off Venezuela's coast after first ship taken, sources say​    https://www.msn.com/en-us/news/world/exclusive-us-preparing-to-seize-more-tankers-off-venezuelas-coast-after-first-ship-taken-sources-say/ar-AA1SaNfC

​  Well, there's that...China will destroy US military in fight over Taiwan, top secret document warns
Beijing’s hypersonic missiles ‘could sink US aircraft carriers within minutes’
​  Eric Gomez, a research fellow at the Taiwan Security Monitor, said the end result was unclear when he participated in a wargame for a Taiwan conflict, but noted the US suffered heavy losses.
  “The US loses a lot of ships in the process. A lot of F-35 and other tactical aircraft in the theatre are degraded pretty rapidly too,” he told the Telegraph.
“I think the high cost of it was really sobering when we did the after-action summaries, and we’re like, ‘Okay, like, you guys lost 100-plus fifth-generation aircraft, multiple destroyers, a couple of submarines, a couple of carriers’.​ “It’s like, ‘oh gosh, man, that was a heavy toll’.”​   
https://archive.is/v93yg#selection-2345.4-2349.82

  Remember that US fighter jet and chopper that crashed in the South China Sea recently? China builds an electromagnetic kill zone in the South China Sea
Battle space fuses South China Sea island bases, mobile jammers and shipborne kill webs that could neutralize US power projection​   https://asiatimes.com/2025/12/china-builds-an-electromagnetic-kill-zone-in-the-south-china-sea/

Chinese Drone "Mothership" Capable Of Swarm Attack Takes Flight​   https://www.zerohedge.com/military/chinese-drone-mothership-capable-swarm-attack-takes-flight

​  Mamdani and top New York rabbis will meet privately, but their core divide remains unresolved
​ The Friday after Zohran Mamdani won, Rabbi Ammiel Hirsch gave a sermon saying that he believed the incoming New York mayor’s criticisms of Israel aligned with Hamas and that critics of Israel wanted to separate “good Jews” from “bad Jews” in a way that endangers the city’s Jewish community.
​  Hirsch, a self-described liberal, challenged Mamdani to prove him wrong... A month later, he noted, he is still waiting.
​  Mamdani is expected to have an unannounced meeting Thursday with the New York Board of Rabbis, of which Hirsch is the current president. According to two invitees, several rabbis who are attending are planning to propose a unified agenda, asking Mamdani to back away from his rejection of Israel’s right to exist as a Jewish state or his support of the movement to boycott, divest and sanction Israel over its treatment of Palestinians.
​  But doing that wouldn’t just put Mamdani at odds with his base since, as Hirsch acknowledged in his sermon, support for Israel has plummeted not just among the far left but within the Democratic Party overall. It would be a reversal from which many of Mamdani’s other convictions flow. As he declared at a Democratic Socialists of America convention just two years ago, “the struggle for Palestinian liberation was at the core of my politics and continues to be.”​   
https://edition.cnn.com/2025/12/11/politics/zohran-mamdani-new-york-jewish-leaders

​  Harvard Ousts Director of Human Rights Center Targeted By Trump Admin Over Rampant Anti-Semitism​ (​AKA: Anti​ Zionist-Genocide)
Mary T. Bassett accused Israel of 'potential genocide' in a message to students and faculty​   
https://freebeacon.com/campus/harvard-ousts-director-of-human-rights-center-targeted-by-trump-admin-over-rampant-anti-semitism/

​Peters was trying to save 2020 vote records for a recount, so why so late?  Trump Says He Is Pardoning Former Colorado County Clerk Tina Peters     https://www.zerohedge.com/political/trump-says-he-pardoning-former-colorado-county-clerk-tina-peters

  Don't let yourself depend on AI: Europol Pinpoints When Skynet-Like Human Resistance To AI Could Emerge 
 Europol, the EU's central intelligence and coordination hub for serious crime and terrorism, identifies around 2035 as a potential inflection point at which a human resistance movement against AI could begin to take shape, in a scenario that echoes the resistance to Skynet in the Terminator film franchise.   https://www.zerohedge.com/ai/europol-pinpoints-when-skynet-human-resistance-ai-could-emerge

  Meryl Nass MD, The TELECOM uber spying plan is being pushed by the FCC, NTIA and Congress, to remove all local authority over where the towers go, their health effects and who gets control of all that data
​  It is important to put these separate pieces of law and regulation together, and see through the phony justifications, to understand our world now​   https://merylnass.substack.com/p/the-telecom-uber-spying-plan-is-being

Trump signs executive order limiting states ability to regulate AI​   https://www.yahoo.com/news/articles/trump-signs-executive-order-limiting-045357675.html

​  What’s at Stake in Trump’s Executive Order Aiming to Curb State-Level AI Regulation 
This post usefully summarizes various state laws to restrict the development and use of AI, as well as their current standing. It also points out that the Trump executive order cannot override them; only Congress can do that. But the breadth of the Trump effort shows the scope of the intended domestic pushback.​   https://www.nakedcapitalism.com/2025/12/whats-at-stake-in-trumps-executive-order-aiming-to-curb-state-level-ai-regulation.html

​  Meryl Nass MD, # Facing Starvation *tripled* in the past decade. A global guide on food and hunger is a good reference to have. How about a WIN-WIN for US farmers and the hungry? "Life-threatening hunger nearly tripled in the last decade to 295 million people across 53 countries."   https://merylnass.substack.com/p/facing-starvation-tripled-in-the

  Kimberly Milhoan MD, Irony​ - Fired for being a physician and scientist
My husband Kirk Milhoan, MD, PhD, FAAP, FACC, and I are at the World Congress of Pediatric Cardiology and Cardiac Surgery in Hong Kong this week, a meeting that occurs once every four years (where he, incidentally, presented information regarding our 25 years of experience with international pediatric cardiac medical missions). While here, we found out he was being dismissed from his current practice of pediatric cardiology solely because of his service as Chair of the Advisory Committee on Immunization Practice (ACIP) of the Centers for Disease Control (CDC). He disclosed to his employer when he accepted the appointment to this committee, and then again when he accepted the role of chairman. He is a respected and valued contributor to his department. He has no patient or family complaints against him, and numerous accolades. Staff enjoy working with him. Those who broke the news to him apologized profusely, commending his integrity. Why did they fire him? Because of the overwhelming number of calls to their organization demanding his firing for his role on ACIP. The court of public opinion is dictating to a medical organization who can be on their staff, and they are bowing to it. It is a staggering turn of events.​..
..Update: Unfired. Thank you all for your overwhelming support and thank you to a true man of integrity for his intervention.​   https://kimberlymilhoanmd.substack.com/p/irony

​  Nicolas Hulscher,  World Health Organization Releases 2025 Autism–Vaccine Report — Ignores Vast Majority of the Evidence
The McCullough Foundation Autism Report remains the most comprehensive scientific assessment to date.​   https://www.thefocalpoints.com/p/breaking-world-health-organization

​Meryl Nass MD, Now we can all relax about vaccines and autism/ WHO   https://merylnass.substack.com/p/now-we-can-all-relax-about-vaccines

  Nicolas Hulscher, Peer-Reviewed Reanalysis of the Henry Ford Birth Cohort Study Finds Vaccinated Children Sicker Across All 22 Chronic Disease Categories - Our reanalysis of the largest U.S. vaccinated vs. unvaccinated birth cohort study ever conducted reveals 54% higher cancer rates and 549% higher autism-related disorders among vaccinated children.   https://www.thefocalpoints.com/p/breaking-peer-reviewed-reanalysis

  Meryl Nass MD, *High Dose* Flu Shots in Elderly Show No Benefit and Worse Harms, Compared to Standard Dose Shots/NEJM
From a huge study in Denmark over 3 flu seasons, in which there was a reasonable match of vaccine to circulating strains.​   https://merylnass.substack.com/p/high-dose-flu-shots-in-elderly-show

​  Dr.Nass, What you can do regarding the cell tower bills and getting rid of COVID mRNA vaccines - One petition to sign and one comment to make   https://merylnass.substack.com/p/what-you-can-do-regarding-the-cell

John Klar, Kennedy and Rollins Launch MAHA-Inspired Pilot Program to Support Regenerative Farmers   https://www.themahareport.com/p/kennedy-and-rollins-launch-maha-inspired

​  Chemical in dark chocolate may help slow ageing, new study finds
The study, published on Wednesday in the journal Aging, found that theobromine – a common plant compound that comes from cocoa beans – could slow biological ageing.
​  “Our study finds links between a key component of dark chocolate and staying younger for longer,” said Jordana Bell, the study’s senior author and head of the epigenomics research group at King's College London.​   
https://www.euronews.com/health/2025/12/10/chemical-in-dark-chocolate-may-help-slow-ageing-new-study-finds

​  Sweat more to get rid of lead in your body: Lead in chocolate? What’s going on?
No one is deliberately adding lead or cadmium to chocolate bars.  
​  Lead ends up in cacao post-harvest, as the beans are fermenting and drying.  If they are dried on the ground, they may absorb lead from the ground.  They may also absorb lead from dust in the air.  All of this lead comes from the fact that the heavy metal was released from industrial processes and leaded fuel over decades and has spread widely.
​  Cadmium occurs naturally in many soils including volcanic soils. As cocoa trees grow, they absorb the cadmium which then ends up in the cocoa pods that are harvested to make chocolate.​..
​..Nonprofit group As You Sow has done extensive testing on chocolates to see which bars contain lead or cadmium.  As You Sow didn’t test all chocolates for lead and cadmium, but of the fair or direct trade dark chocolate bars they tested, they found that the following had low levels of either heavy metal:
​  Equal Exchange Organic Fairly Traded Dark Chocolate Panama Extra Dark 80% Cacao
Divine 85% Dark Chocolate
​  Endangered Species Chocolate Natural Dark Chocolate with Cherries- 72% Cocoa​   
https://greenamerica.org/blog/lead-and-cadmium-are-chocolate-what-about-fair-trade

​  Lead and Cadmium Could Be in Your Dark Chocolate
Consumer Reports found dangerous heavy metals in chocolate from Hershey's, Theo, Trader Joe's, and other popular brands. Here are the ones that had the most, and some that are safer.​   
https://www.consumerreports.org/health/food-safety/lead-and-cadmium-in-dark-chocolate-a8480295550/

​Tessa Lena sees 'em over New York; sends pictures: Circular Chemtrails in My Sky​ - Sky thieves don't rest   https://tessa.substack.com/p/circular-chemtrails-in-my-sky

Natural Gardener (pictured with central part of 20 ft. wide spiderweb with dewdrops in morning mist)