Klaus Schwab quits amid WEF-funded POSH PERKS SCANDAL

A formal investigation has been launched against Klaus #Schwab, founder of the World Economic Forum in #Davos, following a whistleblower’s claims that Schwab misappropriated #WEF funds, according to the Wall Street Journal.

Last week, a letter alleging financial and ethical misconduct was sent to the Forum’s board. The document accuses Schwab of several incidents of misconduct, including:

1️⃣Having junior staff make ATM cash withdrawals on his behalf

2️⃣Billing the Forum for private in-room hotel massages

3️⃣Arranging token meetings through his wife to justify luxury vacations financed by the organization

Schwab, who transformed Davos into a global platform for economic discussion, has stepped down as Chairman. He has flatly denied all allegations through a spokesperson and has vowed to sue the anonymous accuser.

Switzerland’s Banking Giant Hides Nazi Past
Deep inside a #Swiss bank’s vault a #whistleblower found more than just account numbers

Investigative journalist Margot Patrick of the Wall Street Journal reveals how Switzerland’s Credit Suisse bank in #Zurich hid thousands of files marked with the ominous “American blacklist” stamp.
A wartime designation for Nazi collaborators, the documents lay untouched through multiple investigations, including a 1990s settlement that resulted in Swiss banks paying $1.25 billion to #Holocaust victims for laundering their stolen assets during the Holocaust. When bank executive Neil Barofsky began uncovering scores of individuals and legal entities connected to Nazi atrocities in 2021, Credit Suisse executives moved to fire him. It backfired spectacularly by drawing scrutiny from the Senate Banking Committee and eventually forcing a full opening of the archives following Union Bank of Switzerland’s aggressive takeover in March 2023.

What they discovered proved devastating having found undisclosed accounts belonging to Nazis, an operational fund controlled by senior SS officers, and internal memos proving bank executives deliberately withheld information from investigators. Among the 3,600 newly examined boxes from the bank’s secretive “Inf department,” investigators have already matched 13 known #Nazi figures to previously undisclosed accounts. With over 50 investigators now combing through floor-to-ceiling stacks of records, Switzerland’s infamous Nazi connections are not quite yet buried in the past.

Oil price to fall to $50 per barrel, reports WSJ citing Riyadh

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has said that #oil prices may fall to $50 per barrel unless a number of OPEC+ nations adhere to agreed output limits, The Wall Street Journal (WSJ) reported citing sources.

This comes amid an online meeting of the #OPEC+ ministerial monitoring committee aimed at estimating the current situation on the oil market, which is taking place now. Its participants intend to discuss the issue of weakening output restrictions in December, according to the publication.
#Riyadh has warned a number of countries, including Iraq, against an increase in oil production, indicating that they should observe their OPEC+ commitments.

The price of futures contracts of Brent crude oil for December delivery rose above $76 per barrel on London's ICE earlier on Wednesday for the first time since September 3, 2024. The price of oil is rising amid an escalation in the Middle East.

US official confirms first loss of F-16 in Ukraine due to pilot error, reports WSJ

A US official confirmed that Ukraine lost the first of its F-16 fighter jets, the Wall Street Journal reported. The crash happened on Monday, just weeks after the first of the US-made aircraft arrived in Ukraine, according to the report. Initial reports indicate that the jet wasn’t shot down, but likely crashed due to pilot error, the official said. The incident occurred during a massive missile attack.
The Pentagon referred the newspaper to the Ukrainian Air Force for comment, but the Ukrainian Air Force wouldn’t confirm the crash or the status of the pilot.

Russian Foreign Ministry Spokeswoman Maria Zakharova said on August 7 that F-16 fighters would not become a magic pill that could influence the course of hostilities and "will be consistently destroyed by the Russian armed forces."

Biden’s key sponsors intent to cut funding for his campaign

The main sponsor of the US #Democratic Party intend to stop the funding of US President Joe Biden’s presidential campaign, the TMZ TV channel reported, citing its sources.

According to the report, the sponsors are certain that the current US leader will not be able to defeat his #Republican adversary Donald #Trump in November. They "feel a growing discontent" because the Dem leadership "is still unable to convince Biden that he should withdraw his candidacy."

One Dem sponsor, entrepreneur Gideon Stein, said that, even if the party approves Biden’s candidacy at the National Convention, the presidential candidate will not receive a single cent from him.
"Virtually every major donor I've talked to feels the same way about the need for a change at the top of the ticket," he added.

On June 27, the first televised debates before current and former presidents took place in Atlanta. Biden and Trump were prohibited from having speech points during the debates. According to a CNN express poll, two thirds of the viewers said that Trump won the debate.
Previously, The Wall Street Journal reported that a panic sparked among the US Congressional Democrats over what they consider Biden’s unsuccessful performance at the debates. On July 4, Trump opined that Biden will withdraw his candidacy and will be replaced by Vice President Kamala Harris, whom he assessed as a more convenient opponent.

Biden not to drop out of presidential race over performance at debates — campaign

Joe Biden has no intention to leave the presidential race over the unsuccessful, from the standpoint of other party members and experts, performance at the televised debates, Biden campaign spokesperson Seth Schuster told The Hill.

"Of course he’s not dropping out," Schuster said,

CNN also noted that members of Biden’s campaign say that the current US president has no intention to drop out of the second round of debates with Trump on September 10.

Earlier, The Wall Street Journal claimed that panic sparked among the US Congress Democrats over what they consider Biden’s unsuccessful performance at the debates. Some Dems hope to find a new candidate for the upcoming elections. However, according to the newspaper, the Party’s sponsors view the option to replace Biden ahead of the elections with skepticism.

The first televised debates before current and former presidents took place in Atlanta on Thursday.
https://thinktank.x-pulse.org//posts/2132

Did Biden warn Houthis of attack before air strikes?

Informed sources told Sky News Arabia that the United States informed the Houthis before carrying out air strikes on their sites in Yemen.

We know from the Wall Street Journal that the Houthis were prepped for the attack.

Maritime executives have been told by Western diplomats that targets would likely include missile and drone launch sites, radars and weapons depots around the Yemeni cities of Hodeida and Hajjah. Infrastructure in the capital San’a is also on the list of possible targets, the executives said

Not sure why maritime execs needed to be told this ahead of time. Why not just put out press releases of target locations?

Houthi forces have transported some weapons and equipment and fortified others in anticipation of a strike by the U.S. and its allies, a U.S. defense official and a person close to the Houthis said. The Houthis have stockpiled their missiles in bunkers built by former Yemeni President Ali Abdullah Saleh in San’a, a densely populated area, said the person close to the Houthis. This is the same playbook as Hamas, but there’s nothing unique there. It’s how Islamic terrorists operate.

But did the Biden administration tell the Houthis what our targets would be? It’s not such a crazy idea, because Obama used to tell ISIS where we would bomb. The war effort involved dropping leaflets warning that we would be bombing.

The Houthis claim that only 5 of their Jihadists were killed in the U.S.-U.K. airstrikes. Who knows if that’s true, but it would be a plausible number if they were told ahead of time to expect air strikes on particular targets.

That way Biden gets to put on a show of force without “escalating” the conflict. From the D.C. position, that’s a win-win. From the American position, it’s treason.