Debt Rattle June 12 2026

Well, well, well …

Covid death vax gives you cancer, after just one year – who would’a thunk it…

1-year risks of cancers associated with COVID-19 vaccination: a large population-based cohort study in South Korea

https://pubmed.ncbi.nlm.nih.gov/41013858/

TVASSF – and my friends now wonder why they’re getting cancer.

no electricity – a cashless society – spending money that doesn’t exist

————
copilot response

You’ve just named three pressure points that don’t coexist well — and that’s exactly why they’re showing up together in modern risk discussions. Let me give you the clean, structured breakdown you’re actually pointing toward.

⚡ 1. No electricity → the foundation collapses
A cashless, digitally mediated economy only works if the grid works.
Remove electricity and you lose:

Payment terminals

Banking networks

ATMs

Mobile phones

Internet routing

Supply‑chain coordination

Fuel pumps (diesel, gasoline, even emergency generators eventually)

In BC/PNW terms: a regional blackout lasting more than 48–72 hours would immediately force a reversion to barter, IOUs, and physical goods as currency. Digital money becomes inaccessible, not “gone,” but unusable.

💳 2. A cashless society → total dependency on digital intermediaries
A cashless system increases efficiency but also centralizes fragility:

Every transaction requires a functioning network

Every person requires a functioning identity/authentication system

Every merchant requires a functioning payment processor

Every supply chain requires functioning logistics software

This is why Nordic countries (the most cashless on Earth) still maintain emergency cash reserves and mandate that banks keep some physical cash on hand.

A cashless society is not inherently unstable — but it is brittle under stress.

💸 3. Spending money that doesn’t exist → credit expansion + deficit financing
This is the part people feel intuitively but rarely articulate clearly.

Modern economies run on:

Credit creation by banks

Deficit spending by governments

Liquidity injections by central banks

Debt rollover instead of repayment

Money is no longer a physical commodity; it’s a ledger system.
When governments spend more than they tax, they issue bonds.
When banks issue loans, they create new money.

This works as long as:

Productivity grows

Trust remains

The system stays online

But combine digital-only money with grid failure and high leverage, and you get a system where:

The money technically exists, but no one can access it, verify it, or use it.

That’s the scenario you’re hinting at.

🧩 The real issue: these three trends amplify each other’s weaknesses
Put them together and you get a systemic fragility loop:

Digital-only money requires electricity

Electricity failure freezes the economy

Debt-based money depends on continuous functioning

Interruption → defaults, supply-chain breakdowns, liquidity crises

Liquidity crises → government emergency measures

Emergency measures → more digital control, less cash, more fragility

This is why operational risk analysts (your domain) treat grid dependency as the single point of failure for modern economies.

🧭 The non-obvious insight
The real danger isn’t “cashless society” or “money that doesn’t exist.”
It’s synchronization.

When every system is:

Digital

Centralized

Real-time

Interdependent

Then a failure in one domain cascades instantly into all others.

The economy becomes fast, but also tightly coupled, which is the opposite of resilient.

————-

Iran’s semi-official Mehr news agency has published a list of terms that are reportedly in the draft memorandum of understanding with the US.
It cites a source close to the Iranian negotiating team, but the details have not been confirmed publicly by either Tehran or Washington.
The report says the text is yet to be finalised by the Iranian leadership.According to the report,
the draft includes 14 points:
🔸Permanent and immediate cessation of war on all fronts, including Lebanon.
🔸The US’s “commitment to non-interference in Iran’s internal affairs” and respect for its sovereignty.
🔸Lifting of US naval blockade within 30 days.
🔸Withdrawal of US forces from around Iran.
🔸Reopening the strait of Hormuz within 30 days “with Iranian arrangements”.
🔸Suspension of US sanctions on Iranian oil.
🔸US and allies to draw up reconstruction plans for Iran “worth at least $300bn”.
🔸Sixty days of negotiations to reach a final agreement “based on nuclear issues and the complete lifting of” sanctions.
🔸Reiterating Iran’s commitment not to produce nuclear weapons.
🔸During the negotiations, the US will not increase its forces in the region or impose new sanctions.
🔸Release $24bn in blocked Iranian funds.
🔸Establishing a monitoring mechanism to implement the agreement.
🔸Final agreement to be approved by a UN security council resolution.
🔸The final negotiations will not begin before the release of half of Iran’s frozen funds, the suspension of oil sanctions and the lifting of the naval blockade. “Discussions about Iran’s missile programme and support for resistance groups have been definitively removed from the agenda.”

Posted by: pinche | Jun 12 2026 9:32 utc | 324

Iran/Middle East War Summary: Week Fifteen
12th June 2026
Dr. Rob Campbell

https://robcampbell.substack.com/p/iranmiddle-east-war-summary-week-6b8

In spite of Trump claiming a ‘deal’ with Iran for the 38th time, it is unlikely to materialise. Israel continues to conduct genocide in Gaza and Lebanon but it is paying a heavy toll in the currency of death and injury to its soldiers.
Hezbollah is doing a grand job but the death toll among civilians, in Lebanon especially, is heartbreaking.
Reporting on the latter is one of the most difficult parts of my job.

@zerosum

System Fragility Loop

That’s the nicest way of saying Headed To Hell In A Handbasket that I have ever heard.

If there were a Noble Prize for best euphemism then that one would be a leading contender. Too bad that the prize would have to go to an AI.

Crazy Talk! Where is this coming from?

“We now need to think about resilience,” Erik Thedéen, the governor of Sweden’s Central Reserve Bank, said last year. “If everything breaks down, we need to have cash.”

;-}

Quoth DBS:
“I am now quite old (78) and have not seen my government act with honor in my entire lifetime.”

You were born in 1948 and Truman signed the CIA into existence in 1947. Kennedy wanted to smash it to bits, but Alan Dulles and George HW Bush blew his brains out for having that rash impulse…
;-/
There’s always reincarnation, Dude.

You were born in 1948 and Truman signed the CIA into existence in 1947. Kennedy wanted to smash it to bits, but Alan Dulles and George HW Bush blew his brains out for having that rash impulse…

He was able (as a mere temporarily elected executive under the Constitution) to sign CIA into existence because the National Security Act (which was itself outrageously illegal in every aspect) gave him legal cover to commit such a crime (and crime it was and is!).

Those jerks, in turn, were able to pass the horrendously foul National Security Act of 1947 because, at the direction of the ruling elites, Churchill, Roosevelt and their respective spy chiefs were in full voluntary collaboration with the powers-behind-the-powers that turned WW2 into a MASSIVE victory FOR THE BAD GUYS, giving them hegemonic control of nearly the whole world for nearly a century… and it still ain’t over.

Maybe the United States is not as super of a superpower as we thought

shave and a haircut..

Well we can strike for two days but the Iranians can maybe strike for two months