Michel Hubert matr. 6404- 4merMA BLOQUER

RT not endorsement

[Michel Hubert matr. 6404- 4merMA BLOQUER @MichelHubert2]

@CRE_SciencesPo @mvanhulten @JunckerEU @russeurope @EmmanuelMacron

[GDams @Gdams70]

❤️ LA SOLIDARITÉ 🙏
Pendant les incendies en Gironde, ce food-truck a tout annulé pour nourrir les pompiers 24h/24 :
Entrecôte-frites, côte de bœuf… plats chauds gratuits, à n’importe quelle heure.
Un pompier sort sa CB
➡️ « Combien je vous dois ? » Réponse : « Rien. » Il pose son écusson sur le comptoir.
Depuis, des dizaines d’écussons de toute la France.
Voilà à quoi ressemble la vraie solidarité.

RT pour saluer ces héros de l’ombre 🚒🇫🇷
#Gironde #Pompiers #Solidarité

[Michel Hubert matr. 6404- 4merMA BLOQUER @MichelHubert2]

@IAviateur @russeurope Excellent

[Alicia Pense 🐝🐝🐝 @aliciapleure]

Je suis passé de 37.000 vues à 2.000.
Ma visibilité a chuté de 95% en 24h.
Ce shadowban massif est la preuve que j’ai mis le doigt exactement là où ça fait vraiment mal à ce pitoyable pouvoir macronnard.

[Michel Hubert matr. 6404- 4merMA BLOQUER @MichelHubert2]

@russeurope @Vukuzman Oui. On dirait quelqu’un qui a perdu ses clés 😀. Vos interventions ne méritent pas cette représentation défaitiste je trouve.

[Alexis Poulin @Poulin2012]

https://t.co/hfzPL18jcR

[Yanis Varoufakis @yanisvaroufakis]

Every British PM’s nightmare

With Keir Starmer expected to fall on his sword shortly, here is my take on the conundrum facing Andy Burnham, indeed any and every British PM.

The true nature of Britain’s ‘special relationship’ with the United States has far more to do with American financiers’ willingness to keep borrowing to purchase British government debt than with history, culture or Britain’s defence needs. This is the burden under which every UK Prime Minister must labour.

Mike Tyson famously said, “Everyone has a plan until they get hit”. The same could be said of prospective British prime ministers, especially after Liz Truss's spectacular defenestration. They all have a plan until the guilt market hits them. Andy Burnham, Nigel Farage, my friend Zack Polanski will have to face this, if they ever move into 10 Downing Street. I think they know it. But I doubt whether they appreciate the true magnitude or nature of their predicament.

Conventional wisdom has it that the bond market comprises people looking to invest their savings in a government's debt. They seek the right balance between a higher interest rate and the increased risk this implies. For example, higher bond yields may signal that the market expects future inflation to reduce the value of the fixed interest payments that their bonds will yield. Worse still, it may foreshadow a risk of government default, as occurred in Argentina and Greece.

That’s more or less what first year economics and finance students are taught. And it’s all true. Except that, in the case of the United Kingdom, this story misses the most fascinating and worrying aspect of its government bond or gilt market: The British government’s ability to refinance its public debt of almost 3 trillion pounds does not depend on savers choosing to invest in gilts. In fact, the British government’s ability to sell gilts hinges heavily on the willingness of numerous US-based financial institutions to borrow substantial sums of dollars to purchase British gilts, which they then use as collateral to borrow for their own purposes within the US.

And there’s the rub. There is a world of difference between needing to borrow from savers and from relying on speculators who borrow themselves to lend you. Savers who lend to you focus on your long-term ability to repay them. They may tolerate your desire to make infrastructural investments that could increase your debt in the short term, in return for future profits that will help you repay them when their bonds expire. However, speculators who borrow in order to lend are a different beast entirely. They are much jumpier and prone to margin calls: situations where, if the bonds they purchased from you begin to lose value, fearing they will not be able to repay their own creditors, they dump your bonds thus turning their decline into a crash.

The question arises: Why are British bonds, or gilts, so much more reliant on American speculators borrowing money to buy them than German bunds, Japanese bonds, Italian bonds or Greek bonds? Why does every British government rely so heavily on American leveraged capital inflows?

It all started in the 1950s when the City of London discovered how to avoid following the British Empire down the road to oblivion. The trick was to carve out a niche for the City within the emerging dollar empire, which was institutionalised within the Bretton Woods system. American financiers faced rigid capital controls within that system, but the City of London was able to alleviate these due to three invaluable features.

First, London’s trading expertise and legal system offered American financiers efficiency with immunity from all sort of interventions, including democratic accountability. Secondly, Britain’s network of offshore jurisdictions offered fabulous tax-minimisation opportunities. And, thirdly, London quickly became the holding depository of a torrent of petrodollars and eurodollars, not to mention the shadowy dollars created outside the United States by foreign bankers.

Thus, the Great British paradox: while the UK's real economy was in decline, the City of London was flourishing. When the Bretton Woods system collapsed in the 1970s, American financiers discovered another use for the City: they borrowed dollars in the US short-term to buy long-term UK government gilts, which they then sold quickly to repay their loans. They would then repeat this process again and again to profit handsomely. This is how the British government became reliant on leveraged US institutions. In order to continue operating as usual, London today requires American balance sheets that are willing to expand through borrowing and use British gilts as collateral in order to maintain liquidity in the US.

Put differently, the flipside of the City’s success story is that, even though it borrows in a currency that it prints, the UK is not financially sovereign. Yes, the City occupies a strategically important position within the global dollar system but the price for this is that the UK government’s sovereignty is circumscribed by its priority to maintain the City’s central position in American finance. While this remains the priority, the occupant of 10 Downing Street is like the captain whose powers are limited to re-arranging the deck chairs on the Titanic.

Is there an alternative to this peculiar form of financial subservience to US-based leveraged financiers? Yes, but it requires a willingness to accept a falling pound and falling house prices while increasing public investment through a new investment bank that issues bonds supported by the Bank of England.

Any Prime Minister who tries to maintain Britain’s financial servitude to US capital while also investing in public goods may well put Britain on a path towards the IMF, whose sole purpose, lest we forget, is to create the political leverage that will bring about – like it did in Greece – the permanent loss of sovereignty over tax and spending policy. The question is: Do the current contenders for Britain’s top job understand this?

https://t.co/xGrWjjcudY

[Murray Rothbard @MurraySuggests]

The Iranian navy, which has been destroyed eight times, has apparently closed the Strait of Hormuz again, because the United States, for the seventh time, won the war that wasn’t a war, so now the United States has to open the Strait of Hormuz that was already open before the not-war began.

The not-war began because Iran had uranium that was totally, completely, beautifully obliterated, so they can’t build the nuclear bomb they weren’t building, which is why the United States had to start the not-war it definitely didn’t start.

Now the United States, which has nuclear weapons, is threatening to use nuclear weapons to stop Iran from getting nuclear weapons, because nuclear weapons are far too dangerous for countries with nuclear weapons to allow other countries to have.

If the United States saw the United States doing what the United States does in other countries, the United States would invade the United States to liberate the United States from the tyranny of the United States.

[Michel Hubert matr. 6404- 4merMA BLOQUER @MichelHubert2]

@DidierMaisto je vous vois ras

[Michel Hubert matr. 6404- 4merMA BLOQUER @MichelHubert2]

https://t.co/toHtTUmjxe

[Jacques Sapir @russeurope]

I Depuis maintenant plus de 3 semaines nous savons qu’une crise importante va survenir, mais cependant elle est systématiquement minorée voire oubliée par le gouvernement français mais aussi les gouvernements européens et les institutions internationales #Thread

[Michel Hubert matr. 6404- 4merMA BLOQUER @MichelHubert2]

@kadmitriev Next step in Ursula's logic: "the best thinking is the absence of thinking"?

[Kirill Dmitriev @kadmitriev]

The logic of expensive fertilizer leading to expensive food and critical food shortages, as harvests produce less food, is difficult for EU bureaucrats to comprehend.

They understand Ursula's logic: “The least expensive food is the food you do not eat.”

Make EU Lean Again.👇

[max seddon @maxseddon]

Belgium’s PM Bart de Wever: “We must normalise relations with Russia and regain access to cheap energy. That is common sense. [...] We must end the conflict in the interest of Europe, without being naïve towards Putin.”

https://t.co/BopPAyhKSL

[Michel Hubert matr. 6404- 4merMA BLOQUER @MichelHubert2]

@ToddVousGuette https://t.co/eU7MngzPGW

[Shanaka Anslem Perera ⚡ @shanaka86]

Goldman Sachs confirms Hormuz oil flows have collapsed from 19.5 million barrels per day to 0.5 million. Net disruption after pipeline rerouting: 17.2 million barrels per day offline. Two independent vessel trackers recorded zero oil tankers crossing the Strait on 12 March. The largest energy chokepoint on Earth is not closed by a navy. It is closed by a spreadsheet.

Seven major P&I clubs cancelled war-risk coverage for the Persian Gulf effective 5th March under Solvency II protocols. Premiums for remaining voyage cover surged 300 to 1,000%, reaching 1% of hull value: $2 to $3 million per VLCC on a seven-day renewable basis. The $20 billion DFC reinsurance facility backed by Chubb has limited uptake because it excludes full P&I liability. Lloyd’s still offers single-voyage cover. Nobody is buying because the premium assumes the mines, and the mines are on the seabed.

The Strait is open. The insurance is not. And without insurance, no vessel moves.

While 19 million barrels per day sit stranded on either side of the chokepoint, one category of vessel continues transiting: Chinese shadow fleet tankers carrying Iranian crude settled in yuan through CIPS. Kpler confirms 11.7 to 16.5 million barrels have reached China since 28 February. These tankers do not carry Western insurance. They do not need Western insurance. They operate under Chinese state-backed coverage, Iranian IRGC safe passage, and yuan settlement through a payment system that processed $24.5 trillion in 2025 at 43% year-on-year growth. The only oil moving through Hormuz is oil that does not touch the dollar.

This is the moment the petrodollar system was designed to prevent.

In 1974, Saudi Arabia agreed to price oil exclusively in dollars in exchange for American military protection. That agreement created a world where every barrel required dollars, every central bank held dollar reserves because energy demanded them, and American financial hegemony rested on the simple proposition that oil equals dollars. For fifty-two years, the equation held. The 2026 war is breaking it not through policy but through physics: the insurance architecture that enabled dollar-denominated oil transit has collapsed, and the only transit still functioning operates in yuan.

The dollar’s share of global reserves has fallen from 71% in 2000 to 59% today. Yuan global payments remain at 2.89%. No single event kills the petrodollar. But the Goldman data reveals what the contrarians miss: the war has created a live demonstration of a post-dollar energy system operating at scale. Chinese tankers transit. Yuan settles. CIPS clears. Iranian oil reaches Chinese refineries at $9 to $12 below Brent while Western buyers pay $96.72. The system works. It is working now. And every day the Strait remains closed to dollar shipping is another day the alternative proves it does not need the original.

President Trump’s multinational warship call is the response: send navies, reopen the Strait, restore dollar-denominated traffic, and kill the yuan alternative before it scales. If the coalition succeeds, dollar pricing survives. If it fails or fragments, the war that was launched to destroy Iran’s nuclear programme will have accidentally created the conditions for the multipolar energy order the dollar was designed to prevent.

The IEA has released 400 million barrels of strategic reserves, the largest coordinated draw in history. It covers 23 days of the 17.2 million barrel daily shortfall. The war is sixteen days old. The reserves are finite. The insurance cancellations are not.

Nineteen million barrels per day reduced to half a million. Zero tankers on 12th March. Yuan tankers the only vessels moving. And the fifty-two-year-old system that priced every barrel in dollars is watching its replacement operate in real time through the waterway it can no longer transit.

Full analysis here - https://t.co/eMrt5qYYst

[Michel Hubert matr. 6404- 4merMA BLOQUER @MichelHubert2]

@sunnykimummy @pati_marins64 Maybee well. Not crazy at all. one war => two actors severely diminished. => Master reinforced. @russeurope @elucid @R_DeCastelnau @RealScottRitter

[Alicia Pense 🐝🐝🐝 @aliciapleure]

Qui me voit ?

[🌐geopolitics in the picture @geogeolite]

🌐🇧🇪 "If we take Putin's money, he will take ours": Belgium opposes confiscation of Russian assets.

Belgian Prime Minister Bart De Wever recalled that even during World War II, no one touched frozen assets.

"If we take 'Putin's' money, he will take ours," he warned.

De Wever added that his country would not support the seizure of frozen Russian funds unless the risks were shared among EU countries.

Any use of Russian funds would lead to retaliatory measures against European companies and assets in Russia, he reminded. According to him, EU countries "will suffer enormous claims" if they continue with the expropriation.

[Harry Eccles @Heccles94]

The British establishment have all ready covered this new Banksy up.

Can we get it Retweeted 10,000 times to show that they can never cover up their complicity in war crimes??

Protect the right to protest! RT!

[Alicia Pense 🐝🐝🐝 @aliciapleure]

Je suis super sérieuse @OpSpeciales.
Prends 2 macronistes : Cathy , 56a proviseure de collège et Nico, 33a manager de mes 2
Si le #10septembre ils voient 10 personnes dvt chaque DAB en allant bosser le matin, le soir ils iront retirer tout ce qu’ils peuvent en rentrant chez eux