Image of destruction in Mandalay, Myanmar, from Al Jazeera.
As if the ongoing civil war wasn't enough, Myanmar has now been struck by a very powerful earthquake, resulting in 2000 deaths and thousands more injured as of the time of writing. Estimates are that the death toll could reach 10,000. Infrastructure like roads and bridges are damaged, and the hospitals are overwhelmed. The earthquake struck during Eid prayers, resulting in even higher casualties as several mosques collapsed. 20 million people already required humanitarian assistance in Myanmar, and now the situation there will be even worse. International rescue teams have rushed into the country, and aid is being raised, though with USAID experiencing the... changes that it is, the United States will be of even more limited help than usual. So far, China has sent $14 million, while USAID has supplied $2 million. In Thailand, the death toll seems considerably lower, though there has still been significant damage; a skyscraper under construction collapsed in Bangkok.
Myanmar is located very close to the boundary between the Eurasian and Indian tectonic plates. In particular, the country is divided in two by the north-south oriented Sagaing fault. This fault is typically strike-slip; that is, each side of the fault moves horizontally past each other. The earthquake's depth was 10 kilometers, which is pretty shallow, and its proximity to the surface amplified the felt force of the earthquake. Additionally, the soft soil in this region tends to further amplify seismic waves through a process called liquefaction. Combine all this with the lackluster building codes due to many years of impoverishment and civil wars, and this explains why the death toll, and the expense to the country in general to repair damage, will probably be extremely high.
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.
Israel-Palestine Conflict
Sources on the fighting in Palestine against Israel. 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.
English-language PalestineResist telegram channel.
More telegram channels here for those interested.
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.
God I hope the stock market fucking melts tomorrow
The market would need to tank another ~50% (very roughly) to get back down to pre-COVID levels. But something that every stock market “expert” seems to forget is that inflation is built into the stock price. So in real terms if the market doesn’t drop all the way down to the pre-COVID point in nominal terms, we’ll still be down lover than that.
My armchair analysis (as someone who was involved in equities in a past life)… I think the market hasn’t priced in an assumption that Trump doesn’t back down (or that he’s assassinated or whatever). They’re still giving it 3-6 months before Trump backs down or decides to take little marginal victories like Vietnam agreeing to buy a few more soybeans or something. And tbf the White House is starting to give mixed signals on that. If and when it becomes clear Trump is flying this plane into the towers then the market will crash hard, I think it could surpass 2008-09.
Just remember that all of this is because Obama bailed out the banks instead of going for bricks and mortar stimulus.
Imagine how different the past 15 years could have been.
I'm curious how many days of stock market tanking it takes for the capital class to start wielding some of that violence they love to stop it from crashing further
During the Covid market crash, the Fed deployed dozens of billions to bail out the market, after a just ~15% total drop. I'm surprised they haven't started the bailout yet.
I had to look up if this was real or not. Considering his other tweets lately, it could have been
he said something similar in spirit, that he would not be "rescuing" people in the markets and there would be a tough time
honestly a better response than Biden and Obama gave to the crying corporations, which was "oh i'm so sorry honey baby, here's 100 billion dollars please don't be sad"
"lol git gud", says guy who literally bankrupted a casino
This is a fight between the Federal Reserve and the White House. We'll see who blinks first.
Betting pool for how many hours (or minutes) before we hit a circuit breaker?
I’m going with 32 minutes.
The Nikkei lasted 25 minutes, good call