NOW - Multiple children stabbed near a school in Dublin, Ireland.https://t.co/J82aidU94Y

— Disclose.tv (@disclosetv) https://twitter.com/disclosetv/status/1727707454199173299?ref_src=twsrc%5Etfw

The fiend attacked a group of children queued up as they were moving from one scheduled class to the next. “The kids were out walking. All of a sudden, one of them fell to the ground, then another fell to the ground, then another falls to the ground,” https://www.independent.ie/irish-news/hero-creche-worker-stepped-in-to-save-children-during-parnell-square-stab-attack-as-girl-5-in-critical-condition/a198507873.html

a witness.

According to some reports, the wounded woman, a school worker, heroically rushed to defend the five-year-old girl, who was said to have been stabbed in the neck. According to a source anonymously quoted by https://www.independent.ie/irish-news/hero-creche-worker-stepped-in-to-save-children-during-parnell-square-stab-attack-as-girl-5-in-critical-condition/a198507873.html

:

This all happened in a matter of seconds and after her very brave actions another two children suffered superficial stabbing injuries to their chest and shoulder in what was a frenzied incident. She defended those children with all her strength – all that she was doing was trying to protect those little kids and people in what was is a very built up area in the city centre saw what was happening when they passed the school.”

The attack ended when the villain stumbled to the ground and "a load of people jumped on him," said the witness. He was taken to a hospital to be treated for facial injuries. His wounds were minimized by onlookers who formed a barrier around him to prevent a prolonged beating.

🚨https://twitter.com/hashtag/BREAKING?src=hash&ref_src=twsrc%5Etfw

Currently, multiple riots have broken out in Dublin, Ireland, leaving thousands of people angry after an immigrant, believed to be Algerian, carried out… https://t.co/qx6W2KDvV0

— R A W S A L E R T S (@rawsalerts) https://twitter.com/rawsalerts/status/1727783505935912977?ref_src=twsrc%5Etfw

A Garda spokesman said the early indication was that the stabbing rampage was not an act of terrorism, and officials have yet to identify the attacker or his ethnicity. However, in the immediate wake of the attack, social media was full of posts declaring that the man is Algerian.

True or false, those rumors prompted angry Irish, some carrying Irish flags, to start raising hell in the vicinity of the attack and other areas too. "Irish people are being attacked by these scum," a protester told AFP, reflecting the attitude of the mob. Chanting anti-immigration slogans, rioters set several vehicles on fire, including a police car, a double-decker bus and a light-rail train. They also attacked cops with fireworks and looted stores.

https://twitter.com/hashtag/DublinRiots?src=hash&ref_src=twsrc%5Etfw

— JOE.ie (@JOEdotie) https://twitter.com/JOEdotie/status/1727824049324114382?ref_src=twsrc%5Etfw

https://www.reuters.com/world/europe/least-three-children-taken-hospital-after-dublin-stabbing-rte-2023-11-23/

reported Reuters. "There are no far right parties or politicians elected to parliament, but small anti-immigrant protests have grown in the last year." At the peak of Thursday night's violence, more than 400 Irish police were deployed, including many in riot gear.

🚨https://twitter.com/hashtag/UPDATE?src=hash&ref_src=twsrc%5Etfw

— R A W S A L E R T S (@rawsalerts) https://twitter.com/rawsalerts/status/1727798592461549867?ref_src=twsrc%5Etfw

Social media users shared video of police cars turning around after being chased by rioters throwing various objects:

Dublin police forced to flee. The native Irish are too angry this time. We Europeans are all very angry about what happened today in Dublin. We want mass expulsions now. Free Europe. https://t.co/omEffhIu6c

— RadioGenoa (@RadioGenoa) https://twitter.com/RadioGenoa/status/1727816114690822241?ref_src=twsrc%5Etfw

Videos also circulated purporting to show a Holiday Inn that's been used to house immigrants being vandalized and then set on fire:

Irish natives devastate hotels housing illegal immigrants in Dublin. This after the cowardly knife attack on Irish children by an Algerian. https://t.co/ZvLyYqVKEx

— RadioGenoa (@RadioGenoa) https://twitter.com/RadioGenoa/status/1727912962998903023?ref_src=twsrc%5Etfw

JUST IN: Another hotel on fire in Dublin, Ireland… Citizens set fire to the Holiday Inn that is used to house immigrants following the violent stabbing of three children..https://t.co/51Y7Gj4dXC

— Chuck Callesto (@ChuckCallesto) https://twitter.com/ChuckCallesto/status/1727901525198946422?ref_src=twsrc%5Etfw

Another video claims to depict rioters attacking a fire truck attempting to respond to the hotel fire:

Irish natives devastate hotels housing illegal immigrants in Dublin. This after the cowardly knife attack on Irish children by an Algerian. https://t.co/ZvLyYqVKEx

— RadioGenoa (@RadioGenoa) https://twitter.com/RadioGenoa/status/1727912962998903023?ref_src=twsrc%5Etfw

The head of Irish police, Drew Harris, attributed the violence to a "lunatic, hooligan faction driven by a far-right ideology" and implied they were inflamed by online https://www.nytimes.com/2023/11/23/world/europe/dublin-attack.html

Irish justice Minster Helen McEntee.

Innocent children ruthlessly stabbed by a mentally deranged non-national in Dublin, Ireland today. Our chief of police had this to say on the riots in the aftermath. Drew, not good enough. There is grave danger among us in Ireland that should never be here in the first place, and… https://t.co/ac6j1GIjXD

— Conor McGregor (@TheNotoriousMMA) https://twitter.com/TheNotoriousMMA/status/1727800056835621033?ref_src=twsrc%5Etfw

Ireland took in https://www.ft.com/content/4b01c118-6405-4548-953d-6ba26042fef0

into the country, one of the highest per-capita rates in the European Union.

We should soon learn more about the perpetrator of the stabbings. If he were not an immigrant, you'd think authorities would have raced to say so -- to throw some water on the fiery and not-so-peaceful rioting. Stay tuned...

https://cms.zerohedge.com/users/tyler-durden

Fri, 11/24/2023 - 06:35

https://www.zerohedge.com/geopolitical/irish-people-are-being-attacked-anti-immigrant-riots-erupt-after-dublin-stabbing-spree

nostr:nevent1qqsvw202d5j9rx7mtj7m0m5tmenkdl78ttlz7e3mhjkduny82dc4jpspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp0sa39u5h7fduhwkfs0xpa4zcuxpgz46exfjgx87uvx9ccmla9reqvzqqqqqqypks2rr

As noted yesterday, the weekend saw “https://www.zerohedge.com/markets/another-political-earthquake

” as radical conservative libertarian Javier Milei, who dresses as a superhero, publicly attacks “leftards”, and wants to “burn down” the central bank and shut down most government ministries, was elected president of Argentina. Milei also wants to dollarize – with no dollars. Where one could once argue Argentina is a radical economic and political outlier, it now looks like a potential precursor: now, DM = EM.

Yes, it’s no surprise that in a two-horse presidential race, the incumbent who saw inflation hit 143% y-o-y lost, and it’s no shock Argentina continued a LatAm tradition of political swings from one extreme to the other in the hope that it might help the public live slightly better. Yes, given Milei doesn’t have a Congressional majority, he may not be able to achieve what he wants to do.

Yet the extreme policy being embraced --dollarization, massive austerity, and “burning down” the central bank, so ceding monetary and most fiscal sovereignty-- is remarkable. It speaks to fury, desperation, and a recognition that nothing traditional works anymore, so taboos must be broken. The same is true elsewhere, as a ‘Milei-nnial’ generation emerges.

Republican presidential candidate Vivek Ramaswamy is also proposing to fire 50% of the federal bureaucracy if he were to win, and Republican front-runner Trump wants to impose uniform tariffs on all imports, deport millions of illegal aliens, and remake the education system – this time with an organised parallel bureaucracy to ensure he can do what he says, rather than pressing a button and watching nothing happen.

In Europe, the far right party of Geert Wilders is expected to do very well in the Dutch election; Germany is now talking about deporting people en masse; populist Meloni is already in power in Italy; Spain is seeing huge street protests against its new government; and the UK continues to gaze radically at its political navel, with a government that presses buttons and watches nothing happen.

Meanwhile, after ‘Milei-nnials’ there is no Gen ‘Zzz’. The West’s streets and universities echo with Cliché Guevara calls for the end of racism, imperialism, colonialism, and capitalism - https://pub.raboresearch.rabobank.com/public/r/3s7CJhrIHsT41EvbC6FGag/1UL0+jNnANxlh4AAPV3+nA/Efcru+1v_cg8rq2UTLNb6w

. Recall T-shirt staple Che killed hundreds of people, by the way.

Outside the West, China is embracing Marxist Common Prosperity, which US executives are prepared to give a standing ovation to at $40,000 a head dinners, as Russia tries to make itself great again on the map. It’s not the only one - Iran has its own regional agenda. (Note Iran-backed https://pub.raboresearch.rabobank.com/public/r/TZMeb61KKYvbLXUQFjNo1Q/1UL0+jNnANxlh4AAPV3+nA/Efcru+1v_cg8rq2UTLNb6w

.)

In short, we see not just emerging radical libertarianism but nationalism, fascism, imperialism, Marxism, and Islamism – and radical fusions of many of the above into a new angry melange.

The sensible center that repressed such 20th, 19th, 18th, 17th (and  9th, 8th, and 7th)-century thinking for a few decades is now unable to help us. Indeed, you can’t repress ‘-isms’ with inappropriate policy any more than you can repress market volatility with inappropriate state interventions, as Milei would no doubt argue. Both attempts just change volatility’s form, and it comes back even worse.

Understand that our new, old ‘-isms’ didn’t come roaring back randomly; people didn’t just get tired of winning; history might run in circles or waves, but not on autopilot; and you can’t keep blaming Trump or Brexit in a vacuum. Instead, as I’ve argued since 2016, the sensible center’s policy utopianism ensured other ‘-isms’ would re-emerge eventually. And now what once worked as policy no longer does:

Fiscal austerity? Great! Except the welfare state is already collapsing, radicalising voters, as the https://pub.raboresearch.rabobank.com/public/r/XxyXEJMU7jBUINeSsj1Gtw/1UL0+jNnANxlh4AAPV3+nA/Efcru+1v_cg8rq2UTLNb6w

says green spending needs to be TEN TIMES what it is now to hit crucial targets. And defense spending needs to leap everywhere too. Indeed, on Bloomberg yesterday, Niall Ferguson asked, ‘What if we had a new cold war — and we were the Soviets?’, as he warned, “For some months, I had been worried that, despite reassuring words from my Chinese sources, a plan was being hatched in Beijing to impose such a blockade in January, using the Taiwanese election to furnish a pretext.” That’s something to consider as the KMT/TPP alliance for the Taiwanese presidential election unraveled since Ferguson wrote his article.

Rate cuts? Great! Except it could mean a surge in commodity prices and higher structural inflation given the political and geopolitical state of play. Argentina may be walking away from joining the BRICS now, but a Great Game with BRICS commodities and Chinese goods vs. Western financialisation and the US dollar is clearly underway.

Make house prices rise again? Great! If we want to entrench emerging feudalism and ensure Gen Z who already moved from being fans of Harry Potter to Hamas next move to ISIS.

Free trade? Great! Except it often means deindustrialisation, inequality, openness to coercion, and military weakness.

Dedollarise? Great! Except that will shatter the global system entirely.

Dollarise? Great! Except you lose most key forms of economic sovereignty.

Reverse Brexit? Great! But the UK would still be a member of an EU grappling with mass legal and illegal immigration, unaffordable housing, crumbling civil services, high public debt, high inflation, high rates, weak economic growth, an energy crisis, deindustrialisation, two nearby wars, social and political polarisation, and structural geopolitical weakness leading to long-run economic decline.

Of course, markets try to ‘find a way’. Argentinean assets traded in New York soared Monday despite (or because of) the radical policy proposed. The same thing happened when Trump won in 2016: initial shock and sell-off, then a rally. Clearly sometimes the sensible center is not what people really want even when they say they do.

Then again, sometimes there is no way to find good news. Markets haven’t liked China’s Common Prosperity, and wait for Western Keynesianism that won’t arrive. Wall Street is shocked social justice can end up in antisemitism even when measuring which demographics make up what percentage of which professions was always a trapdoor to it. Wait until they grapple with what “dekulakisation” implies as it re-emerges in the circles backing “decolonisation”.

In Argentina’s case, @RobinWigg tweets: “I never thought leopards would eat MY face," says investor who bet on the Leopards Eating Faces Party's president-elect turning around an economic basket case with policies out of a teenage libertarian's notebook.”

In short, expect more radical populism and more radical market volatility as Milei-nnials and no Gen Zzz grapple with which way to yank the policy steering wheel to try to avoid what they see as a cliff ahead.

(And, in the background, enjoy the clown-show drama around OpenAI: how can so much artificial intelligence be shrouded by so much lack of human intelligence?)

https://cms.zerohedge.com/users/tyler-durden

Tue, 11/21/2023 - 12:55

https://www.zerohedge.com/markets/milei-nnial-generation-fury-desperation-and-recognition-nothing-works-anymore