Image is of a harbor in Tasiilak, Greenland.
NATO infighting? You love to see it, folks.
The latest incident of America's satrapies becoming increasingly unhappy about their mandated kowtowing involves, of all places, Greenland. As I'm sure most people here are aware, Greenland is an autonomous territory of Denmark with a degree of geopolitical and economic importance - the former due to its proximity to Russia, and the latter due to the proven and potential reserves of minerals that could be mined there. It's also been an odd fascination of Trump during his reign, now culminating in outright demands.
Trump has called for negotiations with Denmark to purchase Greenland, justifying this by stating that it would be safer from Russia and China under America's protection. Apparently, Norway's decision to not give him the Nobel Peace Prize further inflamed him (not that the Norweigan government decides who receives the prizes). He has also said that countries that do not allow him to make the decision - which not only includes Denmark, but also other European countries - will suffer increased tariffs by June, and that he has not ruled out a military solution.
This threat has led to much internal bickering inside the West, with European leaders stating they will not give in to Trump's demands, and even sending small numbers of troops to Greenland. The most bizarre part of this whole affair is that the US already basically has total military access and control over Greenland anyway, and has since the 1950s, when they signed an agreement with Denmark. There are already several US military facilities on Greenland, and B-52 bombers have famously flown in the vicinity of the island (and crashed into it with nuclear bombs in tow, in fact). Therefore, this whole event - in line with his all-performance, little-results presidency so far - seems to be largely about the theatrics of forcing the Europeans to continue to submit to his whims. I would not be surprised if they ultimately do sign a very imbalanced deal, though - the current European leadership is bound too tightly to the US to put up even half-hearted resistance.
This is all simultaneously occurring alongside the Canadian Prime Minister's visit to China in which longstanding sore spots in their bilateral relationship are being addressed, with China reducing tariffs on Canadian canola oilseeds, and Canada reducing tariffs on Chinese electric vehicles, as well as currency swaps between their central banks, among many other things. It seems no accident that Canada's reconsideration of their relationship with China is occurring as Trump has made remarks about turning Canada into the next US state, as well as the demand for the renegotiation of the USMCA.
Last week's thread is here.
The Imperialism Reading Group is here.
Please check out the RedAtlas!
The bulletins site is here. Currently not used.
The RSS feed is here. Also currently not used.
The Zionist Entity's Genocide of Palestine
Sources on the fighting in Palestine against the temporary Zionist entity. In general, CW for footage of battles, explosions, dead people, and so on:
UNRWA reports on Israel's destruction and siege of Gaza and the West Bank.
English-language Palestinian Marxist-Leninist twitter account. Alt here.
English-language twitter account that collates news.
Arab-language twitter account with videos and images of fighting.
English-language (with some Arab retweets) Twitter account based in Lebanon. - Telegram is @IbnRiad.
English-language Palestinian Twitter account which reports on news from the Resistance Axis. - Telegram is @EyesOnSouth.
English-language Twitter account in the same group as the previous two. - Telegram here.
Mirrors of Telegram channels that have been erased by Zionist censorship.
Russia-Ukraine Conflict
Examples of Ukrainian Nazis and fascists
Examples of racism/euro-centrism during the Russia-Ukraine conflict
Sources:
Defense Politics Asia's youtube channel and their map. Their youtube channel has substantially diminished in quality but the map is still useful.
Moon of Alabama, which tends to have interesting analysis. Avoid the comment section.
Understanding War and the Saker: reactionary sources that have occasional insights on the war.
Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don't want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it's just the two of them if you want a little more analysis.
Simplicius, who publishes on Substack. Like others, his political analysis should be soundly ignored, but his knowledge of weaponry and military strategy is generally quite good.
On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists' side.
Unedited videos of Russian/Ukrainian press conferences and speeches.
Pro-Russian Telegram Channels:
Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.
https://t.me/aleksandr_skif ~ DPR's former Defense Minister and Colonel in the DPR's forces. Russian language.
https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one.
https://t.me/s/levigodman ~ Does daily update posts.
https://t.me/patricklancasternewstoday ~ Patrick Lancaster's telegram channel.
https://t.me/gonzowarr ~ A big Russian commentator.
https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps.
https://t.me/epoddubny ~ Russian language.
https://t.me/boris_rozhin ~ Russian language.
https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a 'propaganda tax', if you don't believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses.
https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.
Pro-Ukraine Telegram Channels:
Almost every Western media outlet.
https://discord.gg/projectowl ~ Pro-Ukrainian OSINT Discord.
https://t.me/ice_inii ~ Alleged Ukrainian account with a rather cynical take on the entire thing.
There is both debt and equity component to it apparently. Accounting bs to make it appear like an asset swap than actual Government spending like it actually is. Unlike liquid assets like Treasuries, these assets (both the debt and equity part) have very little liquidity.
spoiler
The Trump administration is planning to inject $1.6bn into an American rare earths company, its biggest investment in the sector, in Washington’s latest foray into private industry to shore up supplies of key minerals.
The US government will receive a 10 per cent stake in USA Rare Earth, a publicly traded Oklahoma-based miner that controls significant US deposits of heavy rare earths, according to people familiar with the matter.
The government investment and a separate $1bn private financing deal are expected to be announced on Monday, according to people familiar with the situation.
One person said the government would get 16.1m shares in USA Rare Earth and warrants for another 17.6m, both at a price of $17.17. The government agreed to pay $277mn for the equity, giving it an implied gain of $490mn for the equity and warrants based on the current share price of $24.77.
USA Rare Earth will also receive $1.3bn in senior secured debt financing at market rates from the government. The money will come from a finance facility created for the commerce department as part of the CHIPS and Science Act passed in 2022. A commerce official said the department completed the transaction directly with the company.
Talks progressed rapidly this week as investor interest returned to critical mineral stocks after President Donald Trump said Washington had reached the “framework” for a deal that could include access to Greenland’s untapped critical mineral wealth. One person familiar with the situation noted that the USA Rare Earth deal was unrelated to Greenland.
USA Rare Earth declined to comment. The commerce department declined to discuss the deal. But an official in the Chips office — a part of the commerce department housed at the National Institute of Standards and Technology that led the negotiations — said it was “focused on onshoring critical and strategic mineral essential to the semiconductor supply chain and US national security”.
USA Rare Earth has separately tapped Cantor Fitzgerald, the Wall Street firm previously owned by commerce secretary Howard Lutnick and now run by his sons, to raise more than $1bn in fresh equity financing, the people said. It is not directly related to the deal with the government.
The deal marks the latest example of the Trump administration’s efforts to intervene in parts of the private sector viewed as critical to US national security, including taking a 10 per cent stake in chipmaker Intel and negotiating a so-called golden-share agreement in US Steel.
USA Rare Earth, which has a market value of $3.7bn, is developing a huge mine in Sierra Blanca, Texas that it says contains 15 of the 17 rare earth elements underpinning production of cell phones, missiles and fighter jets. It also plans to open a magnet production facility in Stillwater, Oklahoma.
Last year, the Trump administration invested in at least six minerals companies, including MP Materials, Trilogy Metals and Lithium Americas.
Some of the investments overlapped with the financial interests of people associated with the administration. The government did a funding deal with Vulcan Elements, a rare earths start-up three months after the president’s son Donald Trump Jr’s venture capital group invested in the company.
The commerce department and defence department have worked closely together to financially boost domestic rare earth production.
A condition of the government investment in USA Rare Earth was that the company raise at least an additional $500mn from investors. It is on track to raise more than $1bn because of high demand for the financing deal, which uses a mechanism known as a private investment into a public equity, often called a “Pipe”.
Cantor’s involvement comes as the investment bank once led by Lutnick, one of Trump’s most prominent cabinet members, has expanded its investment banking capabilities to benefit from the president’s “America first” agenda. Cantor did not play a role in advising on the US government investment in USA Rare Earth.
Shares in USA Rare Earth have more than doubled this year, helped by a 40 per cent jump this week. The company also sought advice from Cantor when it went public via a blank cheque vehicle in March last year.
https://www.ft.com/content/0a337dc3-5a12-4c82-87b5-f2340378006c