Albert Pinto Profile picture
Feb 28 18 tweets 10 min read
If there is any point to Putin 's nuclear brinksmanship and West's sanctions escalation of weekend, it is to bring everyone to the negotiating table! Thread on the HARD next phase of sanctions relief and economic+security deal that West-Russia can live with.
Not looking forward to nuclear winter. Hope sense prevails and West exchanges stoppage of war for pulling back sanctions. Punishment of russia's economy/people and talk of regime change in Moscow only fuels escalation towards MAD
Please, please don't push for a No Fly Zone. Its MAD
"I want to remind those proposing it a "No Fly Zone" would be an act of war against Russia which would result in the complete destruction of Ukraine: its churches, its people and its millions of lives."
Please think just one step ahead the decision tree.

we are supposedly Intelligent life on this planet. We barely scraped by on lots of luck in 75 years of living with the atomic bomb.
adamtooze.substack.com/p/chartbook-88…
"Can organisms be wildly successful at planetary scale without destroying the conditions that allowed them to succeed?" #FermiParadox

Phenomenal Sagan Lecture by @KenCaldeira asks if Homo Sapiens (Homo Nuts?) is the dragon of Eden kencaldeira.wordpress.com/2019/02/10/car… Image
Why no Sanctions?
1. Not an alternative to war but rather a means of war.

2. Not about behavioral change but long-term exhaustion of the enemy and its people;

3. Don' t affect military events in short term

@NewLeftEViews on NEGATIVE INFINITY
jacobinmag.com/2022/03/putin-… Image
I'm not saying we wouldn't get our hair mussed...

The mad general in Dr. Strangelove at least knew the enemy gets a vote. Action-reaction escalation ladders

'Tsar Bomba tantrum'!! Not helping with financial war -> MAD anxiety right now

Reminder for money people that Tsar Bomba's explosive energy of 50 megatons of TNT was equivalent to 10 TIMES all the explosives used in world war two.
adamtooze.substack.com/p/chartbook-89…
good steps from Adults to reduce nuclear risks:
1. U.S. postpones routine ICBM test given Russia's alert nuclear posture.

2. U.S. military established a backchannel with Russian military to prevent pilots & warships from accidentally firing on each other
time.com/6154459/russia…
No fly zone does not mean what you think it means Image
People advocating for sanctions against nuclear power? Our goal is Palace Coup (LEFT)

People who decide policy? Lets walk back down action-reaction escalation ladder
WH officials: “Cornered Putin ...reaction will be to double down and lash out" (RIGHT)
nytimes.com/2022/03/03/us/… ImageImage
At least you are alive after a hangover.
The West is drunk on Power. Its MAD if the "unipolarity hangover" continues.
Is this how it ends? War-gaming of all war scenarios lead to just these 2 endgames: more nuclear escalation or a bloody partition.

Read this,& then try sleeping at night. We barely scraped by on lots of luck in 75 years of the bomb carnegieendowment.org/2022/03/03/how…
74% of Americans said the US & its allies in NATO should impose a no-fly zone in Ukraine!!

A no-fly zone "is a combat operation designed to deprive the enemy of its airpower, & it involves direct & sustained fighting"

Why Biden rejected NFZ. Its MAD
warontherocks.com/2022/03/the-da… Image
Markets: "If an ICBM is heading your way, the size and composition of your portfolio becomes irrelevant. Thus, from a purely financial perspective, you should largely ignore existential risk,even if you do care about it greatly from a personal perspective"
What if Putin doesn’t want an off ramp?

Conversely: "for the West, the argument over how to balance resisting evil with avoiding major war will likely intensify and poison domestic politics."

Always read @PatPorter76 engelsbergideas.com/essays/four-st…
"Senator Manchin is a fossil-fueled sociopath on a Maserati joy-ride while he lets the world burn."

Just like Manchin's push for more drilling and fracking in US - the worlds biggest Oil&Gas producer, his NO FLY ZONE push is MAD
greenpeace.org/usa/news/manch…
This is a brilliant thread. We live in a world of madmen pretending to be sane. In a nuclear crisis, there are individuals at each step of the escalation ladder, who can climb up or climb down. Some are doing so right now.

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More from @70sBachchan

Feb 28
1/ A hot war, a financial war, & nuclear M.A.D...

A question to zoom out: Did high energy prices embolden Putin? Are the commodities markets responsible for Russia’s invasion of Ukraine? @rupert_russell’s timely new book 'Price Wars' says: YES.
penguinrandomhouse.com/books/622647/p… Image
2/ Moscow’s military interventions have come at times of historically high oil prices. And right now, energy prices are approaching triple digits for the second time in a decade. Previous highs:
1979 - Afghanistan invasion
2008 - Georgia invasion
2014 - Ukraine "
2022 - Ukraine " Image
3/ The Oil price - Conflict relationship is not unique to Russia. Russell draws on @cullenhendrix’s discovery that as oil prices increase, oil exporting petrostates are more likely to initiate military conflict. sci-hub.se/https://journa… Image
Read 6 tweets
Feb 6
MMT on managing inflation with multiple tools
"Whether it's businesses raising profit margins or passing on costs...there are a range of sources of inflation that aren’t caused by the general state of demand & aren’t best regulated by aggr demand policies"
ft.com/content/539618…
Balanced critique of Kelton's book "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy" ht @JWMason1
prospect.org/culture/books/…
Read 8 tweets
Jan 21
Economists who don't pay attention to details of production are not economists. Production of cars, oil and meat was disrupted because they are "just-in-time" and bottlenecks in production or transport (like shipping/ports/trucks) hurt.
Thread
2/ Started the thread here 2 years ago, as it became clear that coronavirus would shock the world economy. The shock of E Asia shutting down was immediate to markets & commodities and our "just-in-time" fossil-fueled systems #CoronavirusImposesCarbonTax
3/ The idea of #CoronavirusImposesCarbonTax thread was to understand structure by exploring how a shock propagates across the world economy. Economists find out in 2021 that bottlenecks caused inflation in sectors of OIL, CARS and MEAT.
Read 20 tweets
Dec 6, 2021
Oilman T Boone Pickens on Bob Dole.

Pickens hated Dole & Agribusiness love of Corn ethanol. Told Dole, its a fuel that requires more energy (and oil+subsidies) to produce than it delivers at the pump.

Dole:math is 21 farm states =42 Senators

Result?
features.propublica.org/palm-oil/palm-…
2/Witnessing the disaster in Indonesia in 2015 was devastating. Most ppl outside Midwest don't know that 2007 RFS mandate replaced 10% of each gallon of gas sold in the US with corn ethanol. It was pushed by all major envtl group then. Horrifying impact.
3/ Corn: US's leakiest oil pipeline. Hated by Oil companies, but such is power of Agribusiness.

Fossil fuel goes into tractors & fertilizers & comes out as corn-ethanol, that is put back into....cars, tractors. 10% of every gallon of gas in the US is corn ethanol. Thank Dole.
Read 4 tweets
Nov 9, 2021
#NoContextGreenTransition photos from around the world thread (1/n)
ht @climatevisuals climatevisuals.org/collections/
#NoContextGreenTransition photos from around the world (2/n)📸: @bvdbrug latimes.com/environment/ne…
#NoContextGreenTransition photos from around the world (3/n)
Barcelona. theguardian.com/world/commenti…
Read 8 tweets
Oct 21, 2021
Pentagon just unclassified its Climate report to the National Security Council.

Department of Defense wants you to know climate change is a "threat multiplier". What are all our poor bases in shithole countries going to do?
#GeopoliticsOfGHGs
media.defense.gov/2021/Oct/21/20…
US defense technocrats will now include Climate in prioritizing threats; in strategies for countering threats; in planning missions of the armed forces; in what weapons to develop and five-year plan for investments that support strategy #GeopoliticsOfGHGs
media.defense.gov/2021/Oct/21/20…
gotta love the big nerd brain energy in Pentagon planners.

Guys guys this climate change thing that our scientists are telling us about for 50 years? What if, like, its too hot for planes to take off or, get this, wildfire smoke makes bombing harder?
media.defense.gov/2021/Oct/21/20…
Read 13 tweets

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