Xi Jinping to Step Down, Rumors Suggest, Amid Harsh China COVID Lockdowns

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Rumors circulating in China and among overseas Chinese social media are claiming Chinese President Xi Jinping, under fire for draconian COVID-19 lockdowns in Shanghai and elsewhere, will step down from power.

The rumors followed a meeting last week of the Party Politburo Standing Committee, the collective leadership group that rules China. They were traced in part to a Chinese-language YouTube video May 4 by Canadian-based blogger appearing under the persona “Lao Deng.” Details of the video quickly spread to social media outlets in China but were quickly censored.

The blogger, citing what he said was a senior Chinese Communist Party (CCP) security source, said a “coup” was launched against Mr. Xi at the meeting of senior party leaders in Beijing. According to blog, Mr. Xi was forced to step aside but will stay in place until a major party meeting later this year.

In his place, current Premier Li Keqiang will take over daily management of the party and government.

The video included the headline “Shocking Coup: Xi Jinping Has Stepped Down; Li Keqiang is the New Master.” (Read more from “Xi Jinping to Step Down, Rumors Suggest, Amid Harsh China COVID Lockdowns” HERE)

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Crypto Investors Panic During Market Bloodbath

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Crypto investors panicked on Thursday as bitcoin plummeted to its lowest price in more than a year and other cryptocurrencies endured even worse sell-offs.

Victims of the bloodbath — which comes amid a broader stock market rout — range from the billionaire crypto titans who run leading marketplaces such as Coinbase and Binance to lowly retail investors who have poured their life savings into cryptocurrencies.

“I lost over 450k usd, I cannot pay the bank,” reads one of the top posts on the Reddit forum for Terra Luna, a cryptocurrency that has lost more than 99% of its value over the past week. “I will lose my home soon. I’ll become homeless. suicide is the only way out for me.”

“My ex-colleague attempted suicide,” reads another top post on the forum. “He basically moved all of his savings to crypto in 2021 and LUNA was a massive player in his portfolio.”

While Luna’s collapse is the most spectacular, other cryptocurrencies are also in freefall. Bitcoin was trading around $28,300 Thursday afternoon, down 20% over the past week and nearly 60% lower than its all-time high of $69,000 in November 2021. Other major cryptocurrencies including ethereum and solana are now worth fractions of their all-time highs. (Read more from “Crypto Investors Panic During Market Bloodbath” HERE)

Photo credit: Flickr

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UN: There Is ‘Credible’ Information Ukrainian Forces Are Torturing Russian POWs

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There is “credible” information that Russian prisoners of war have been mistreated by Ukrainian forces since the beginning of the Russian invasion in February, a United Nations official said.

The evidence suggests that Russia is not the only country willing to break international norms during war, as the U.N. reports that Ukrainian forces have subjected Russians under their watch to treatment that violates international law, Matilda Bogner, head of the U.N. Human Rights Monitoring Mission in Ukraine, said Tuesday.

“We have received credible information of torture, ill-treatment and incommunicado detention by Ukrainian Armed Forces against prisoners of war from Russian armed forces and affiliated armed groups,” Bogner said. “We continue to see the publication of videos, which show inhumane treatment, including prisoners from both sides being coerced to make statements, apologies and confessions, and other forms of humiliation.”

The mistreatment from both sides is considered a violation of international humanitarian law, as the U.N. continues to investigate and document egregious violations since Russia invaded Ukraine on Feb. 24.

“Ukraine and Russia must promptly and effectively investigate all allegations of torture and ill-treatment of prisoners of war. They must also effectively control and instruct their forces to stop any further violations from occurring,” Bogner said. (Read more from “UN: There Is ‘Credible’ Information Ukrainian Forces Are Torturing Russian POWs” HERE)

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Elon Musk Weighs in on 2024 Presidential Election, Torches Biden

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Elon Musk slammed Democrat President Joe Biden on Thursday while also taking a shot at former President Donald Trump.

“Even though I think a less divisive candidate would be better in 2024, I still think Trump should be restored to Twitter,” Musk wrote on Twitter, later adding: “Biden’s mistake is that he thinks he was elected to transform the country, but actually everyone just wanted less drama.”

Musk has repeatedly mocked Democrats in recent years and has taken multiple shots at Biden and the Biden administration’s agenda.

The tweets from Musk come after he said at FT Live’s Future of the Car conference this week that it was “not correct to ban Donald Trump” from Twitter.

“I think that was a mistake because it alienated a large part of the county, and did not ultimately result in Donald Trump not having a voice,” Musk said, adding that the decision was “morally bad.” (Read more from “Elon Musk Weighs in on 2024 Presidential Election, Torches Biden” HERE)

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Jack Dorsey Is Finally Clear on His Future With Twitter

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Founder and former CEO of Twitter Jack Dorsey shut down rumors Wednesday that he would once again run the social media platform.

Youtuber Charles Wieand tweeted Wednesday, “I predict that [Elon Musk] will eventually just ask [Jack Dorsey] to be CEO of Twitter,” to which Dorsey responded, “nah I’ll never be CEO again.” When Andrew Stalbow asked “who should” be the CEO of Twitter, Dorsey said, “no one ultimately.”

Dorsey stepped down as the platform’s CEO in 2021 and has praised billionaire Elon Musk’s decision to purchase Twitter. The founder has previously stated that he viewed Twitter as a public good, and that the platform should not be run as an organization, according to the New York Post.

Despite not wanting to run the platform anymore, Dorsey and Musk have publicly communicated about the algorithms behind the timeline. Musk noted that “chronological tweets seem much better than what ‘the algorithm’ suggests.” Dorsey responded that “this is the way; though the algorithm is good at surfacing stuff you’d otherwise miss by not scrolling. reverse chron best for live and breaking events. having choice is the most important. ideally being able to choose what algo you want to use…” (Read more from “Jack Dorsey Is Finally Clear on His Future With Twitter” HERE)

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Biden’s Climate Czar May Have Inadvertently Revealed Deep Dysfunction in the Administration

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Top White House climate adviser Gina McCarthy copied a CBS News reporter on an email chain Wednesday announcing the administration would cancel a series of oil and gas lease sales.

“The Cook inlet sale was canceled. It is not proceeding,” McCarthy wrote to other White House officials in an email, CBS reported.

Another official reportedly responded immediately saying that a decision hadn’t been made yet. Interior Department (DOI) officials then reiterated that sentiment to CBS, also saying the agency hadn’t decided if it would move forward on the lease sales Wednesday evening.

It is unclear why the CBS News reporter was copied on the email, but the ensuing thread appeared to show disagreement and miscommunication over the administration’s energy policies as gasoline prices continue to hit all-time highs. . .

The administration eventually confirmed that it would cancel offshore oil and gas lease sales set for Alaska and the Gulf of Mexico. The DOI said the decision was made due to lack of industry interest in Alaska and legal issues in the Gulf of Mexico. (Read more from “Biden’s Climate Czar May Have Inadvertently Revealed Deep Dysfunction in the Administration” HERE)

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‘Supply Chain Disruptions’ Are Not An Accident, They’re The Logical Result Of Stupid Lockdowns

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In Joe Biden’s painful and inaccurate speech about inflation on Tuesday, he finally shifted from blaming racism for everything to blaming Covid for everything to now blaming “the supply chain” and “Mr. Putin’s war in Ukraine” (that Biden baited Putin into) for everything.

These “supply chain disruptions,” as everyone is painfully aware, are doing everything from starving babies to shooting up the price of everything, as Wednesday’s 8.3 percent annual inflation number affirmed again. They are also not random, and they’re not a virus’s fault. They’re the direct and foreseeable consequence of ill-advised global lockdowns that nearly all of our nation’s political leaders refused to take into account when they and corporate media colluded to gaslight the world into accepting them.

Our historic “supply chain problems” are not the result of happenstance. They are the result of cowardly, ignorant, and just plain malevolent leadership throughout the entire Covid era.

Lockdowns never needed to happen. Global lockdowns were never before advised or attempted for much worse pandemics, they were based on faulty models, and the Information Age doesn’t change their imprudence. The “supply chain” consequences alone, as well as many of the other horrific medical and social consequences, should be enough evidence for all rational people to conclude that we must never, ever lock down again. (Read more from “‘Supply Chain Disruptions’ Are Not an Accident, They’re the Logical Result of Stupid Lockdowns” HERE)

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A Reckless Policy of ‘Bleeding Russia’ Risks Getting the United States Into a Foolish Foreign War

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The New York Times on Wednesday published an op-ed by Tom Stevenson arguing what some of us have been arguing for a while now: the Biden administration is openly — and recklessly — pursuing a policy of escalation in Ukraine that represents a new and very dangerous phase in the war.

Stevenson, a journalist who reported from Ukraine in the opening weeks of the war, argues that initially the United States and its North Atlantic Treaty Organization (NATO) allies responded to Russia’s invasion of Ukraine rather straightforwardly, with supplies of arms to the Ukrainians and economic sanctions on Russia. But things have changed over the past month.

Now, instead of simply helping Ukraine stave off invasion and conquest, U.S. policy seems to have shifted into something else entirely: the permanent weakening of Russia at any cost. Defense Secretary Lloyd Austin said so explicitly after a clandestine visit to Ukraine with Secretary of State Anthony Blinken last month. After her own recent visit to Kyiv, Democratic House Speaker Nancy Pelosi characterized the war as a global struggle for democracy.

To back up these outlandish claims, the Biden administration has now proposed a $40 billion military aid package to Ukraine, quadruple what the United States has thus far given Ukraine since the outbreak of the war in late February. On top of that, it appears the U.S. military may be providing real-time battlefield targeting intelligence to the Ukrainians, arguably making the United States an active belligerent in the conflict.

All of this amounts to a major policy shift on the part of the United States, writes Stevenson: “Whereas once the primary Western objective was to defend against the invasion, it has become the permanent strategic attrition of Russia.” This shift, he adds, has “coincided with the abandonment of diplomatic efforts.” (Read more from “A Reckless Policy of ‘Bleeding Russia’ Risks Getting the United States Into a Foolish Foreign War” HERE)

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Crack Pipes in ‘Safe Smoking Kits’ Prove Psaki and Fact-Checkers Lied in Denials

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“They were never a part of the kit, it was inaccurate reporting.” Those were White House Press Secretary Jen Psaki’s words earlier this year when she was asked about reporting that a new “harm reduction” grant program from the federal government allowed taxpayer dollars to end up putting free crack pipes in the hands of addicts. . .

HHS Secretary Xavier Becerra released a statement at the time saying “no federal funding will be used directly or through subsequent reimbursement of grantees to put pipes in safe smoking kits.” . . .

But now, thanks to followup reporting from The Beacon, the truth is again being told — and it’s leaving the mainstream media with a whole pile of egg on its collective face:

Crack pipes are distributed in safe-smoking kits up and down the East Coast, raising questions about the Biden administration’s assertion that its multimillion-dollar harm reduction grant program wouldn’t funnel taxpayer dollars to drug paraphernalia.

The findings are the result of Washington Free Beacon visits to five harm-reduction organizations and calls to over two dozen more. In fact, every organization we visited—facilities in Boston, New York City, Washington, D.C., Baltimore, and Richmond, Va.—included crack pipes in the kits.

(Read more from “Crack Pipes in ‘Safe Smoking Kits’ Prove Psaki and Fact-Checkers Lied in Denials” HERE)

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Twitter Execs Ousted as Musk Takeover Looms

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Twitter has ousted two top executives — with both of them tweeting they were fired on Thursday — as the social media giant edges closer to being acquired by Tesla CEO Elon Musk.

Kayvon Beykpour, the company’s general manager, and Bruce Falck, Twitter’s head of revenue, announced on Thursday that they were let go by CEO Parag Agrawal.

Jay Sullivan, the head of consumer product, will take over Beykpour’s position.

Beykpour tweeted on Thursday that “this wasn’t my decision” and that Agrawal “asked me to leave after letting me know that he wants to take the team in a different direction.” (Read more from “Twitter Execs Ousted as Musk Takeover Looms” HERE)

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