As Russia enters the 14th month of its 72 hour campaign to take Kiev, there are signs that its meat-grinder approach to combat is depleting the exact resources it needs to win.
First up: Anders Puck Nielsen on Russia’s likely manpower shortage:
He looks at various how and low counts for determining Russian casualty rates, then builds his arguments around one in the middle.
There is a rule of thumb that is often mentioned, that for every dead soldier there are three wounded. So if we take some round numbers, and remember it’s not actually important if they are a little bit off. It doesn’t change the point that I am getting to if you think real the number is a little lower. But say that on average about 500 Russian soldiers have been killed every day since the mobilization in September, when Russia also really started to have very big attrition numbers. And if we then make a conservative estimate and say that for every dead soldier, there have been two wounded, then we get that the Russian fighting force has been decreased by about 1500 soldiers every day. Then we can divide 300,000 by 1500, and we get that they have soldiers for about 200 days, until the Russian army will have consumed all those mobilized soldiers. This is not exact science. It’s just a rough estimate to illustrate Russia’s manpower problem. Putin announced the mobilization on 21 September, and incidentally 200 days after that is about now. It’s on 9 April 2023.
“Putin probably should have announced the second wave of mobilization months ago, but he didn’t. So that is why military analysts are talking about a Russian manpower shortage.”
“Those 300,000 soldiers that Russia mobilized in the fall are probably not there anymore.”
Second up is a report that both sides are rationing artillery shells in advance of Ukraine’s anticipated counteroffensive.
Artillery units on both sides of the line, despite the continued duels, are reportedly dialing back fire missions to save up ammunition for the long-awaited Ukrainian counteroffensive.
Russian milblogger Alexander Khodakovsky claims that those Russian units not involved in ongoing offensives have had ammunition supplies seriously curtailed. Khodakovsky attributed the rationing to concerns about the potential offensive.
At the same time, a frontline account from the Washington Post highlighted Ukrainian artillery crews similarly conserving shells. While embedded with an artillery platoon in Ukraine’s 56th Motorized Brigade, Isabelle Khurshudyan and Kamila Hrabchuk reported the unit’s 152mm howitzers used to fire more than 20-30 shells a day. That number has dwindled to fewer than three.
The nearby units equipped with NATO 155mm caliber guns are reportedly facing less of a shortage than the Warsaw Pact-era guns. Citing an anonymous Ukrainian military official, the report claimed Ukraine is still firing 7,700 shells a day. Russian shelling reportedly dwarfs even that figure. Ukraine’s incredible artillery consumption remains a concern for NATO as Western production lines struggle to keep supplies moving.
Russia’s grinding style of combat requires a fresh supply of bodies and artillery shells to function, and those are the things (along with money, high tech munitions and global sympathy) that Russia seems to be running short on…
“AK Guy” Brandon just dropped the fourth installment of his “Weird Guns Being Used in Ukraine Right Now” on YouTube, showing some of the funky, modified, and just plain ancient weapons be used in active combat there. The first installment is age limited and non-embeddable, but the other three are below.
Highlights:
Both sides are using he original Maxim belt-fed machine guns, a World War I mainstay “patented in 1883. Timeline-wise this weapon was designed closer to the beginning of the American revolution in 1776 than it was to the current Ukrainian conflict.”
PKM machine guns taken off armored vehicles and converted for individual use. Which is more difficult than it sounds, since the firing mechanism is triggered by an electric solenoid. “They had to rig up an entirely new firing system to rig up to these things, and quickly, and frankly I’m impressed. Ghetto gunsmith to ghetto gunsmith, crisp internet high five.”
Chechen soldiers (assuming there are any of them still around) are better equipped than Russian soldiers.
“You’re seeing all sorts of modern munitions, anti-armor stuff, aircraft drones. But then in the exact same confrontation, you’re also having guys that are carrying around weapons that are so old that their great grandfathers could have easily carried in the Great War to end all wars. And while the reality of war is obviously very tragic, the significance of some of the stuff being used in the field is extremely interesting.”
Highlights:
“Modified mortar RPG rounds…in guerrilla warfare, it’s always useful to have a couple of rednecks around.”
That ridiculous “six antipersonnel grenades attached to an RPG” thing.
“Some poor Ivan got handed a squirrel killer (a Chinese QB-57 single shot air rifle) and was thrown into the middle of 21st century combat with drones and tanks and was told good luck, have fun. It’s no wonder a lot of young Russian men are leaving the country rather than being conscripted…nothing says the government cares about your well-being quite like being tossed into fucking combat with a Red Ryder from A Christmas Story.”
Russia is also using World War II era DPM or DP-28 Degtyarev machine guns. “It’s basically like a PKM, if a PKM wasn’t belt fed and was instead fed by a pizza dish. It’s the closest thing to a full dinner plate most Soviets ever got to see.”
Other World War II era machine guns seeing combat: MP40s, Sturmgewehr (STG) 44s and MG 42s.
“There’s a lot of Russians now rolling around with
[American Thompson] .45 ACP submachine gun, AKA of course the Tommy Gun.” A legacy of Lend-Lease.
Plus: Anti-tank rifles! Including a PTRS-51 chamber in 14.5mm. “I guarantee you that shit will buttfuck the engine of any vehicle ever, as well as probably penetrate some of the light armor on some of the lightly armored armored personnel carriers.”
A suppressed Barrett M107, which is every bit as monstrously long (and no doubt heavy) as you would suspect.
Ukraine is also using everyone’s favorite space-alien looking FPS gun, the FN FS-2000.
Lots of ghetto gunsmithing.
A really funky glider with an RPG-7 on top. It actually looks slightly funkier than the flying yeet of death. Which comes next in the video.
Russians using old-fashioned sporting break action shotguns against drones.
More Maxims, including in duel, triple, and quad mounts. “We’re starting to get in the territory of like those mech things from Matrix Revolutions. [Now] we have something that is basically just a ghetto-rigged Minigun.”
If you’re interested in vintage, weird and improvised weapons, all the videos are worth taking a look at.
A couple of weeks ago, I posted a piece on how Russia was pulling ancient T-55s out of storage to send to Ukraine. In the interest of balance and fairness (to my readers, not to Russia), here’s a video on how Ukraine fielding their own upgraded T-55s.
“Ukraine has also had to look to the past, the distant past, for compatible tanks. The Ukrainians are fielding, since last autumn, a design of tank dating from over 70 years ago, the venerable T-55.”
“The 28 vehicles that the Ukrainians brought into service last autumn are a radically improved version of this model of tank called the M-55S obtained from Slovenia.”
“Taking standard T-55s into battle in 2023 would not be advisable. The 40-ton tank has a semi-stabilized 100mm d10 gun, a 500 horsepower diesel engine, and steel armor of a maximum thickness of just 200mm, meaning even old RPGs can knock them out. The gun site requires a semi-infrared spotlight that betrays the tank’s position, instant death on the modern battlefield.”
“The type also soldiers on in many armies around the world, particularly in the Third World, where T-55s saw action recently in the 2014-20 Libyan Civil War, the Yemeni Civil War from 2015 to present…and the Tigray War in Ethiopia, which ended last year.”
“Via Israel, [Slovenia] was able to heavily modernize its existing T-55s into something that is still fairly capable in 2023.”
“The old Soviet gun was replaced with the British Royal Ordnance L7 105mm rifled gun…Although the L7 is getting on in years it is still highly effective, and plenty of ammunition abounds for them.”
The tanks also received new fire control systems, incorporating a laser rangefinder and second generation night vision, a digital ballistic computer, new rubber metal tracks, an upgraded diesel engine increasing horsepower from 500 to 800, giving a maximum speed of 50 kph, and of course the tank is covered in reactive armor bricks, changing the entire look of the old tank and drastically increasing its ability to survive on the modern battlefield.
Even without knowing exactly what upgrades Russia is performing on its own T-55s, I feel safe in assuming that Israeli tech > Russian tech.
“No one is sensibly suggesting that the upgraded T-55s could deal with modern tanks deployed by Russia, but they will be lethal against all other non-tank armored vehicles the Russians deploy. And of course they can also fire high explosive rounds, which would be excellent support for Ukrainian infantry.”
As the plucky underdog in the fight, it’s no surprise that Ukraine is fielding older, upgraded tank designs as a stopgap (or supplement) until more modern western tanks can be fielded. The surprise is that Russia, with it’s reputed 12,500 or so tanks when the conflict began, having to resort to pulling out T-55s to send to Ukraine. So much of Russia’s equipment has been so poorly maintained that it’s difficult to tell how much might remain operational. And day by day, poor Russian tactic and Ukrainian precision weapons continue to whittle that number down…
One quarter of the year gone! Career criminals coddled by Soros Stooges, crazy woman who thinks she’s a man murders children, lots of Flu Manchu fraud, and Botox makes you crazy(er). It’s the Friday LinkSwarm!
Everyone and their dog is covering the ham sandwich Trump indictment, so I’ll leave that to others. I will note that Alan Dershowitz is not impressed. “Based on what we know about this case, it may be one of the weakest cases in my six years of experience.”
On the morning of Election Day last November, William French went to his local polling place in Freeland, Pennsylvania, to cast his vote. But the qualified and registered voter wasn’t allowed to. The disabled U.S. Army veteran was told that the precinct had run out of paper for ballots and he had to come back later in the afternoon.
So that’s what he did, returning at 3:30 p.m. But the precinct still didn’t have ballots. Election workers told him to return yet again. But by nightfall, it was too difficult. French has endured 17 surgeries on his destroyed leg and uses a cane to walk. But the sidewalks are a mess, and he was worried about the risk of falling and further injury.
That same morning, Melynda Reese and her husband went to their polling location in Shickshinny, Pennsylvania. But only Reese’s husband was allowed to vote, and for the same reason: The precinct had run out of paper. They came back at 4:00 p.m. and were told there would be a lengthy wait.
Reese is a corrections officer and her husband’s primary caregiver. He had recently suffered two cardiac arrests and a stroke. He required regular medication and attention and couldn’t be left alone. Long waits were also too much to bear. The couple returned at 6:30 p.m., and saw a line that stretched so long that they knew they couldn’t wait. Around 9:15 p.m., an election official called Reese and told her that ballots were finally available and she could vote. But her husband had just taken his sleeping pills and she couldn’t leave him unattended.
French and Reese are just two of the thousands of voters affected by poor election administration in Luzerne County, Pennsylvania. The two just sued Luzerne County, its Board of Elections and Registration, and its Bureau of Elections in federal court for violations of their constitutional right to vote.
“Voters in Luzerne County through no fault of their own, were disenfranchised and denied the fundamental right to vote. William French and Melynda Reese are two of those voters. They bring suit to vindicate the denial of their sacred right to vote, to make sure voters are not disenfranchised in the future, and to bring integrity back to elections in Luzerne County,” said Wally Zimolong, lawyer for French and Reese.
The House Oversight Committee is investigating the explosive claims by Dr. Gal Luft, a former Israel Defense Forces lieutenant colonel with deep intelligence ties in Washington and Beijing, who says he was arrested to stop him from revealing what he knows about the Biden family and FBI corruption — details he told the Department of Justice in 2019, which he says it ignored.
Luft, 56, first made the claims on Feb. 18 on Twitter, after being detained at a Cyprus airport as he prepared to board a plane to Israel.
“I’ve been arrested in Cyprus on a politically motivated extradition request by the U.S. The U.S., claiming I’m an arms dealer. It would be funny if it weren’t tragic. I’ve never been an arms dealer.
“DOJ is trying to bury me to protect Joe, Jim, and Hunter Biden.
“Shall I name names?”
Luft remains in jail awaiting extradition to the US over what he says are trumped-up charges of arms trafficking to China and Libya, and violations of the Foreign Agents Registration Act.
Luft claimed that he tried to reach out to the DOJ about the Chinese energy company CEFC paying Hunter $100,000 and James Biden, Joe’s brother, $65,000 “in exchange for their FBI connections and use of the Biden name to promote China’s Belt and Road Initiative around the world.”
James O’Keefe has not allowed his forced exit from Project Veritas to stop him. His new journalism outfit, O’Keefe Media Group (OMG), just released a video uncovering evidence of what O’Keefe calls a possible “money-laundering scheme” for the Democrats. Some individuals reportedly appear to have donated thousands of times over a relatively short period to the tune of hundreds of thousands of dollars to ActBlue and Biden for President, based on Federal Election Commission records.
“FEC data shows that some senior citizens across the U.S. have been donating thousands of times per year,” O’Keefe began. “Some of these individuals’ names and addresses are attached to over $200,000 in contributions. We went and knocked on a few of their doors to corroborate the data that we received from a group of citizen journalists called Election Watch in Maryland.” The video then showed O’Keefe visiting someone who is listed as donating over $217,000, through 12,000 separate contributions. This money was earmarked for various entities through leftist platform ActBlue over three years’ time. Some of the donations were made with variations of the person’s name and address, O’Keefe stated.
The data he obtained was state and FEC data, O’Keefe said. “We’re wondering if these donors are victims of what appears to be a money-laundering scheme, or [if] these residents actually participated in the scheme. We’re making phone calls, we’re knocking on doors, these are things that you can do, we hope you do that.” There are “bizarre amounts of data” on homes and individuals making many thousands of dollars of donations, O’Keefe said, urging others to help him investigate.
The first person shown opening the door to O’Keefe, a Marylander listed as donating $32,000 in 3,000 different contributions, said he was unaware of the donations but advised O’Keefe as a solution to hit Donald Trump “with a bat.” The man added, “I want to see a scar on his f**king head. Now stop f**king with me,” and slammed the door.
Another donor, Cindy, according to O’Keefe, supposedly donated over $18,000 in 1,000+ donations to ActBlue in 2022, which would necessitate donating “three times a day, every day, for the whole year.” When asked if she’d donated over $18,000, Cindy responded with a quick laugh, “I doubt that. No, I don’t think so… I wish I could have donated $18,000 to Biden’s presidency.”
Meanwhile Carolyn Lenz, in Tucson, Ariz., told OMG that she “absolutely [did] not” donate over 18,000 times for $170,000+ to ActBlue. She looked at the data showing “she” donated multiple times a day, often in $5 to $15 increments, and insisted that the donations were not hers. “They must be” fraudulent, Lenz said.
After rejecting her in 2018, the voters of Alameda County, California selected Pamela Price as their new District Attorney last year. Price had taken hundreds of thousands of dollars from George Soros for her two campaigns. That probably tells you most of what you need to know, since Soros only funds candidates who are soft on crime and willing to empty the jails as much as possible. Price quickly proved herself no exception, seeking to cut a plea deal with a killer who had been arrested for one triple murder for hire, was accused in the murder of a court witness, and several other violent crimes. Rather than the 75 years to life sentence that Delonzo Logwood was eligible for, Price wanted to cut him loose after fifteen years. Thankfully, a County District Judge stepped in and rejected the deal out of hand. (Free Beacon)
A California judge this week blocked a newly-elected progressive prosecutor’s effort to slash a triple murderer’s sentence.
Alameda County district judge Mark McCannon rejected District Attorney Pamela Price’s plea deal for a 31-year-old man jailed for a 2008 triple murder-for-hire, among other crimes. Price, who took office in November and has taken hundreds of thousands of dollars from the progressive billionaire George Soros, attempted to sentence Delonzo Logwood to just 15 years in prison, though he was eligible for a sentence of 75 years to life.
You can’t keep a bad man down. Keith Chastain, 38, is a one-thug crime spree.
Chastain racked up an impressive array of arrests in Fresno County, California, (of course). Between Feb. 19 and March 21, he was arrested 10 times for a menagerie of crimes encompassing 15 misdemeanors and 18 felonies, including:
six stolen cars
fraud
DUI (duh)
drugs (duh)
vandalism
Chastain was hit with three additional charges — DUI, trespassing, and auto theft — but those were dropped when cops failed to file the charges in time.
Snip.
“Unfortunately, this is not as unique of a situation as it seems,” Tony Botti, spokesman for the Fresno County Sherriff’s office, stated. “California has watered down the laws so much over the years for property criminals and repeat offenders that they are not held accountable like they should be. Sadly, it is our community members who suffer due to these soft-on-crime policies.”
According to court documents, Edwin Maldonado spent many months thumbing his nose at what he was ordered by the court to do.
His punishment for that is more like a prize.
“You’ve got someone who was rewarded for being a failure, and this guy was a failure over 1,000 and some odd times,” said Andy Kahan with Crime Stoppers.
First, Maldonado gets a felony charge for drug possession. A few weeks later, he’s charged with aggravated robbery with a deadly weapon. He makes his $30,000 bond and walks out of jail.
“I’ve certainly had clients hauled back into court on violations, maybe two or three times that have been alleged,” said criminal defense attorney Emily Detoto.
Associate Judge Tiffany Hill presided over a bond revocation hearing for Maldonado.
“For obvious reasons, you are not abiding by your rules and conditions period, and God knows what he was doing when he wasn’t where he was supposed to be,” Kahan said.
According to court documents, Maldonado failed to comply with any of his bond conditions for eight months.
According to his GPS monitor, he left his curfew zone 847 times, was called 453 times about his whereabouts, and had more than 1,000 GPS monitor violations.
A suspect arrested and charged in a recent brutal “jugging” robbery in Houston that left a woman paralyzed was out on a $100 bond for a weapons-related charge.
On the morning of February 13, Nung Truong, 44, withdrew money from a bank ATM but was followed for approximately 24 miles by two suspects. Surveillance video released by the Houston Police Department shows a black male bumping into Truong and causing her to drop her belongings. The suspect initially fled with an envelope but returned seconds later to body-slam Truong to the ground before taking $4,300 in cash.
A mother to three children aged 13, 15, and 20, Truong is now paralyzed and unable to walk or care for herself.
Last Friday, Houston Police arrested Joseph Harrell, 17, and Zy’Nika Ayesha Woods, 19, for the attack and charged both suspects with Aggravated Robbery with Serious Bodily Injury.
According to court records, on January 26, 2023, Harrell had been granted a General Order bond of $100 for Unlawful Possession of a Weapon. He also faces charges of Aggravated Assault with a Deadly Weapon related to an incident in February in which he threatened another victim with a gun. Harrell is currently being held in the Harris County jail on bonds totaling $240,000.
Snip.
Although Harrell’s Unlawful Possession of a Weapon charge was assigned to Harris County Court 2 under Judge Paula Goodhart, his bond was signed by Judge David Singer.
Elected to Harris County Criminal Court 14 in 2018, Singer lost in the March 2022 Democratic primary election and his term ended December 31, 2022. As a one-term judge, Singer is not eligible under state code to serve as a visiting judge.
The 11th Administrative Judicial Region confirmed to The Texan that Singer is not listed as a visiting judge.
The Harris County Office of Court Management emailed the following statements to The Texan:
“David Singer was appointed as associate judge pursuant to Section 54A.002 of the Texas Government Code and the Local Rules for Harris County Criminal Courts at Law. His start date was Jan. 1, 2023.”
Finland gets the green light to join NATO, with Turkey and Hungary approving their membership. Sweden’s application is still under negotiation. As I noted previously, tangling with the Finns has not been a source of happiness for Russia.
Poor priorities. “European Ammo Maker’s Growth Stymied By TikTok Data Center Sucking Up Electricity.”
LA City Council member Mark Ridley-Thomas convicted of taking bribes. “He was convicted of one count of bribery, one of conspiracy, one count of honest services mail fraud, and four counts of honest services wire fraud. The jury acquitted him on 12 other counts.”
Veterans Affairs assistant secretary Kurt DelBene is married to Rep. Suzan DelBene (Wash.), chairwoman of the DCCC. It’s a big club, and you’re not in it. (Hat tip: Stephen Green at Instapundit.)
Federal prosecutors announced a 58-year-old Plainview man is facing 102 years in prison after pleading guilty to stealing $4 million in federal relief funds passed during the COVID-19 pandemic.
On Friday, Andrew Johnson pleaded guilty in the Northern District of Texas to three counts of bank fraud, one count of aggravated identity theft, and one count of engaging in monetary transactions in property derived from unlawful activity, according to a news release published by the U.S. Department of Justice (DOJ).
Johnson swindled millions from the Paycheck Protection Program passed in the early weeks of the pandemic to help stave off the economic effects of business closures, government restrictions, and shelter-in-place mandates. As part of the fraud, Johnson applied for and received forgiveness for 27 bogus loans.
He spent more than $3.5 million of the stolen funds on “home renovations, vacations, clothing, cosmetic surgery, college tuition, cars, wedding expenses, and equipment for an unrelated business venture,” according to the DOJ.
After an investigation that took longer than a year, the Office of the City Auditor in Austin said it found Central Texas Allied Health Institute (CTAHI), a nonprofit City of Austin contractor, committed fraud against Austin Public Health and falsified health records.
According to the investigative report, CTAHI misrepresented over $1.1 million in financial transactions across three contracts with Austin Public Health and was incorrectly paid roughly $417,000 between December 2020 and September 2021 because of fraudulent contract claims. The report also claimed CTAHI falsified its COVID-19 vaccine contract performance by overstating vaccination totals and fabricating patient data.
“This is up there with some of the biggest cases we’ve investigated on my team,” said Brian Molloy, chief of investigations at the Chief of the City Auditor.
CTAHI, President Todd Hamilton, and Dr. Jereka Thomas-Hockaday — both of whom were named in the report — denied the claims made in the report in a statement Thursday.
Snip.
CTAHI’s three contracts with Austin Public Health were for COVID-19 testing, workforce development, and COVID-19 vaccines, according to the city. Between December 2020 and September 2021, the city said CTAHI submitted 23 claims for reimbursement to APH under the workforce development and COVID-19 vaccine contracts.
Flu Manchu is the fraud fount that just keeps giving… (Hat tip: Dwight.)
NHL might stop pushing gay pride after backlash from players and fans. “Philadelphia Flyer’s player Ivan Provorov didn’t want to participate in a ‘Pride’ event during warmups…Soon, other players also refused to participate after Povorov showed it could be done, and some entire team organizations dropped their planned LGBT pride events. And thanks to this one man’s stand, the NHL is considering dropping the whole ‘Pride’ push.”
Gordon Moore, one of the founders of Intel and coiner of Moore’s Law, is dead at age 94. Semiconductors have radically changed just about every facet of the world.
In all the other various weapons being shipped to Ukraine to fight off Russia’s illegal war of territorial aggression, I missed that the U.S. has shipped 18 M109A6 Paladins.
The United States has announced a new military aid package for Ukraine, which includes the provision of 18 M109A6 Paladin 155mm tracked self-propelled howitzers.
The M109A6 Paladin is a modern version of an older unit that has been used in various conflicts worldwide, including Iraq and Afghanistan. Its 155mm gun has a maximum firing range of 14.9 miles (24 kilometers) with standard artillery ammunition and 18.6 miles (30 kilometers) with assisted rounds. This range makes it a valuable asset for the Ukrainian army, allowing them to strike enemy positions from a safe distance.
One notable feature of the M109A6 Paladin is its ability to fire M982 Excalibur extended-range precision guided projectiles. These projectiles have a range of up to 40 kilometers and are capable of hitting targets with a high degree of accuracy. This capability can be particularly useful when targeting enemy artillery positions or other high-value targets.
The M109A6 Paladin is also equipped with a secondary armament consisting of a roof-mounted 12.7 mm heavy machine gun. Some vehicles were fitted with a 40 mm automatic grenade launcher in place of the machine gun. This additional firepower can be used to defend the howitzer against enemy infantry or light armored vehicles.
To support the M109A6 Paladin, the US is also providing the Ukrainian army with the M992 ammunition supply vehicle. This vehicle can carry up to 93 rounds of ammunition and transfer them to the self-propelled howitzer via conveyor. This ensures that the howitzer has a steady supply of ammunition and can continue firing for extended periods without needing to reposition or resupply.
These are not the first M109s sent to Ukraine, as they’ve already received older variants from Italy, Norway, Latvia and the UK. Plus the Polish Krab, the French CAESAR, the UK AS-90, and the German PzH 2000, all of which are self-propelled 155mm howitzers. Plus Sweden has announced they’re sending their Archer system.
Russia doesn’t lack self-propelled artillery of its own, but last I checked they hadn’t fielded any smart artillery shells, and when (or if) they do, I would bet good money they won’t be nearly as capable as Excalibur.
More on the collapse of Silicon Valley Bank, Syria gets spicy again, woke companies like Disney are having massive layoffs, and Sig Saur gets into the Killbot business. It’s the Friday LinkSwarm!
Courtesy of Bloomberg’s reporting, it appears that not only were insiders dumping their shares faster than syphilitic hooker, there were loading up on loans from the bank at a scale that makes a mockery of any regulatory oversight…
”
Yes, that’s real.
Loans to officers, directors and principal shareholders, and their related interests, more than tripled from the third quarter last year to $219 million in the final three months of 2022 – a record dollar amount of loans going back over 20 years.
Many questions come to mind – what were the terms, who were the recipients, what was the collateral?
But, sadly, we will likely never know.
However, we do note that the banking execs may be facing a serious shortfall (like their bank): if the loans were collateralized by SVB shares for example, those shares are now worthless, leaving the loan-heavy C-suite left to come up with the cash to repay the loans (and no, these loans don’t disappear with the bank’s liquidation).
Between that and the insider share dumping, people need to go to jail.
After the implosion of the FTX crypto exchange run by Sam Bankman Fried, questions of due diligence and competency immediately arose, suggesting that perhaps the company mishandled assets “accidentally” and that Fried was naive and “in over his head.” Numerous central bank officials and globalist organizations jumped into the debate almost immediately, arguing that FTX was a perfect example of why centralized regulation of crypto and digital currencies was necessary. They claimed that without oversight by banking elites, disaster was inevitable.
Of course, what they did not mention was that FTX and Sam Fried already had extensive connections with globalist groups including the World Economic Forum. In fact, the very basis of Fried’s business model was the WEF’s “Stakeholder Capitalism” theory, which he often referred to as “Effective Altruism.”
Stakeholder Capitalism is essentially the opposite of free markets – It is a socialist/globalist framework which uses corporations as a kind of economic enforcement tool. Corporations are already highly socialistic in their operations, and their existence is completely dependent on their special relationship with government. Corporations are created through government charter, enjoy special protections under “corporate personhood” laws and avoid direct consequences for criminal activities through limited liability.
Many corporations are not even allowed to fail because governments backstop their operations. That’s socialism, not free markets. However, “stakeholder capitalism” expands on this dynamic a hundred-fold.
Where free markets assert that businesses must make profit their primary objective for the overall economy to function, the WEF asserts that companies including banking institutions have a social obligation that goes beyond making money. To the typical leftist this probably sounds like a Utopian vision filled with promise, but to anyone that actually understands economics it sounds like a recipe for the collapse of civilization.
The WEF paints stakeholder capitalism an effort to reign in the power of the corporate system in favor of social causes. In reality, it’s a way to give corporations ultimate power over everything, including ultimate influence over public behavior.
We have seen extensive evidence of this through widespread corporate ESG investment programs implemented in the past several years. It is no coincidence that the invasion of woke ideology into the mainstream happened at the exact same time that ESG-based lending accelerated.
The institutions lending to various companies were able to set social rules for access to credit, and these rules required businesses to adopt far-left politics in their marketing and policies as a result. Stakeholder capitalism is about homogenizing all business into a single ideological entity – Instead of competing with each other for market share through innovation, companies have been abandoning merit based competition and are colluding to saturate the mainstream with social justice cultism, climate change propaganda and globalist rhetoric.
By making corporate elites “responsible” for society, we give them the power to engineer society.
However, the WEF’s model of false altruism is turning out to be a disaster for corporate survival. I have to wonder now if this was the intent all along – To create a kind of ESG fueled woke financial bubble that was always intended to come crashing down, leaving the western world in ruins.
Snip.
Looking into SVB’s operational history, the company was a woke nightmare.
Take a gander at their 66 page ESG report compiled in 2021 to get a sense of how far to the extreme political left the bank was. SVB is the pinnacle example of why “Get Woke, Go Broke” is more than a mantra, it’s a rule.
Digging even deeper we then find that SVB’s leadership was highly involved in the WEF and their Stakeholder Capitalism Metrics (SCM), along with corporate governance. SVB was not only implementing every single policy the WEF outlines in its agenda, they were reporting back to the WEF on their progress.
SVB’s capital exposure was heavily tied up in securities, but also venture capital for woke tech startups, climate change related projects and leftist activist groups which qualified for ESG loans; everything from BLM to Buzzfeed. In other words, they were investing aggressively into money-pit projects that devoured cash and gave nothing back. The real question is, how many US banks are involved in ESG and WEF operations at the same level as SVB? Dozens? Hundreds?
“U.S. Carries Out Airstrikes in Syria after Iranian Drone Kills U.S. Contractor, Wounds Five Service Members.” As I’ve mentioned before the withdrawal of most U.S. troops from Iraq and Syria doesn’t mean all. And the same goes for Africa.
“56% of liberal white women age 18-29 have been diagnosed with a mental health condition.” Well, you already said “liberal”…
Louisiana state Rep. Francis Thompson switched from the Democratic to the Republican Party, given Republicans a super-majority in both houses and thus the ability to override any veto by Democratic Governor John Bel Edwards. ““The push the past several years by Democratic leadership on both the national and state level to support certain issues does not align with those values and principles that are a part of my Christian life,” said Thompson.
World Athletics, the governing body for international track and field competition, has banned men from international competition. “I’ll take ‘Headlines no one in the 20th century would understand’ for $600, Alex.”
“Dallas Bar Cancels All-ages Drag Event.” Funny how the threat of having your TABC license yanked concentrates the mind…
Get Woke, Go Broke Part 1: After a string of expensive bombs and streaming losses, Disney to lay off 7,000 employees.
Get Woke, Go Broke 1.5: “Woke Marvel Producer Victoria Alonso Gone From MCU.” She was one of the central figures pushing Disney to adopt a pro-groomer position in Florida. The ostensible reason for her firing was breach of contract for producing a non-Marvel movie, but a lot of industry insiders think her outspoken wokeness was a key reason for her getting the axe.
Get Woke, Go Broke Part 2: “Twitch Streaming Service To Sack 36% Of Employees.”
SIG Sauer announced late last week it has acquired General Robotics, one of the world’s premier manufacturers of lightweight remote weapon stations and tactical robotics for manned and unmanned platforms as well as anti-drone applications. The companies have been working in concert for some time, a fact made obvious at January’s SHOT Show when they debuted a Polaris ATV equipped with a General Robotics PitBull remote weapons station that aimed and fired the vehicle-mounted SIG MG 338 belt-fed machine gun remotely.
“This acquisition will greatly enhance SIG Sauer’s growing portfolio of advanced weapon systems,” said Ron Cohen, president and CEO of SIG Sauer. The team at General Robotics is leading the way in the development of intuitive, lightweight remote weapon stations with their battle-proven solution.”
Back when I reviewed The Beast, I said “While the Russians have been demothballing old Soviet tanks to send to Ukraine, they haven’t become desperate enough to send T-55s to the front lines, assuming they still have any that are able to run.”
Guess what?
Russia is demothballing T-54s/55s and sending them to Ukraine. Maybe not for front-line duty (or at least I bet that’s what they’re telling the probably green tankers they’re stuffing into them). Maybe they’re putting in new thermal sights, and maybe not. Some have suggested they’re also adding explosive reactive armor as well, but since much of the stuff found on captured newer tanks turned out to be fake, I rather doubt it.
Does this mean Russia is running out of tanks? Not necessarily. Maybe they’re saving more modern tanks in reserve for a spring or summer offensive and sending all this old crap in as a stopgap. But a whole lot of slightly less ancient T-62s are up on Oryx, so I suspect we’ll start seeing Ukrainian forces take out T-55s in Ukraine sooner rather than later.
Given how antiquated T-54/55s are on the modern battlefield, I would suggest that the U.S. government demothball a goodly number of original M1 Abramss, maybe with some slight equipment upgrades, and ship them to Ukraine, assuming enough 105mm rounds can be scrounged up. They were effective enough to destroy Soviet armor in Desert Storm, and the stuff Russia is currently shipping to Ukraine is considerably older than that.
During World War II, the Wehrmacht developed the remote-controlled Goliath tracked mine to take out tanks, fortifications, and other targets. Despite some models packing a whopping 220 pounds of explosive, they sort of looked like a toy a child could ride on, and would almost be adorable if it weren’t for the fact that they were Nazi death bombs.
Who’s an adorable little Nazi death bomb? You are! You are!
As in so many things, Ukrainians have rediscovered and deployed (kinda) another lost weapon/tactic from World War II. Namely, they’re using remote control vehicles as suicide antitank bombs.
I’ve long thought you could use even smaller, slightly modified off-the-shelf RC cars in mass to take out softer targets like trucks. Or drive into a enemy barracks with just a couple of pounds of plastique studded with roofing nails.
The Russo-Ukrainian War continues to expand the possibilities of drone warfare, and I trust the Pentagon (and every other military in the world) is taking notes.
A Chinese company based out of Hong Kong which paid at least $3 million to several members of the Biden family has since been revealed to have ties with the ruling Chinese Communist Party (CCP).
According to the Daily Caller, State Energy HK Limited sent $3 million via wire transfer to Robinson Walker LLC, a company run by an associate of the Biden family named John Robinson Walker. The wire transfer took place in March of 2017, shortly after Joe Biden’s term as Vice President came to an end, according to a report released on Thursday by the House Oversight Committee.
One of the direct subsidiaries of State Energy HK is State Energy Group International Assets Holdings Limited (SEIAH). At the time of the wire transfer, SEIAH’s chairman was Ren Qingxin, who previously worked for the CCP as a representative at a business organization.
Shortly after the $3 million transfer, Ren was succeeded in his leadership position by Lei Donghui, who had been a member of the CCP since 2002, where he served as Secretary General of the International Engineering Business Bureau of China State Construction (CSC). CSC has since been designated by the Department of Defense as a “Communist China military company.”
Subsequently, the $3 million sent to Robinson Walker was then transferred to four different members of the Biden family: Joe Biden’s son Hunter, brother James, daughter-in-law Hallie, and a fourth unidentified family member, the Oversight Committee reports. The transfers were sent in several transactions, both to the family members directly and to several of their companies, including Owasco PC, JBBSR Inc, and RSTP II, LLC.
The previously-unknown involvement of Hallie – the widow of Biden’s elder son Beau, who later became Hunter’s girlfriend after Beau’s death – has proven to be one of the biggest bombshells yet in the GOP’s investigations into Biden family corruption.
Dutch Farmer’s Party poised to win 16 or 17 seats in parliament thanks to opposing that country’s mad global warming anti-meat mandates. “The Boer-Burger Beweging (BBB), or Farmer-Citizen Movement, is set to become the largest party in the country’s senate, winning more seats than Prime Minister Mark Rutte’s ruling conservative VVD party.”
Red Guards come to Maine. “Kristen Day said students affiliated with one of RSU 14’s Civil Rights Teams harassed her daughter. When her daughter refused to speak about her sexuality, two students affiliated with the club began to bully her and call her homophobic.” (Hat tip: Stephen Green at Instapundit.)
Eric Weinstein on Joe Rogan about what really happened with Kayne West. He suggests that West’s Hitler comments were simply him trying to channel Thomas à Kempis.
A Russian military plane collided with a U.S. drone in international airspace over the Black Sea on Tuesday, prompting U.S. forces to land the unmanned aircraft in international waters.
U.S. European Command confirmed that a Russian Su-27 aircraft struck the propeller of a U.S. MQ-9 drone, which was on a routine mission in international airspace when two Russian jets attempted to intercept it.
“Several times before the collision, the Su-27s dumped fuel on and flew in front of the MQ-9 in a reckless, environmentally unsound and unprofessional manner. This incident demonstrates a lack of competence in addition to being unsafe and unprofessional,” a spokesman for the U.S. European Command said in a statement.
The Russian jets’ recklessness almost caused one of the fighter jets to crash, the statement added.
Sounds like a pretty stupid thing for the Russians to do, as an Su-27 is obviously a lot more expensive to replace (including the pilot) than an MQ-9 Reaper drone. For one thing, the MQ-9 is over 15 years old and we have more than 300 of them, so losing one isn’t going to deter the American military in the slightest. But they’re not building any more Su-27s (a 1980s Soviet attempt to rip off the F-14 Tomcat), and Russia only had some 100 of them when the war started. (No documented losses on Oryx as of this writing, but Russia became ultra-conservative about committing manned airpower to the arena after the opening phases of the war.)
Russia continues to be annoyed at NATO in general, and America in specific, using technologically superior surveillance and communications assets to effectively provide the entire killchain for Ukrainian forces. Indeed, it appears that those assets are far more effectively integrated into Ukrainian forces than Russian assets are integrated into their own military and/or Wagner Group.
I can understand their frustration, but directly attacking American assets (over international water or otherwise) is only going to make things much, much, much worse for them…
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