Debt Rattle March 27 2023
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René Magritte The seducer 1953 • Us ‘Shoots Itself In Foot’ By Limiting Use Of Dollar – Putin (TASS) • Russian Economy Will Remain Balanced – M
[See the full post at: Debt Rattle March 27 2023]René Magritte The seducer 1953
The sea; the great seducer…
Wonderful painting…I went to sea on a 40 foot salmon trawler in the north Pacific out of Coos Bay, Oregon.
I spent 3-4 months in the late fall/early winter of 1967 trawling for Chinook Salmon; just me and the skipper; Chick Kaiser; knew his shit in heavy weather…thank the gods; I’m here to witness the adventure…
Great skipper who saved our bacon crossing a breaking bar during a great storm…40′ swells…Love the animal photos and videos…thanks! A great positive to begin ones day. Everything else…oh boy!
It’s clear why Putin is a moderate. He understand this is a fight for the European market. Therefore you don’t go Total War against the Europeans or even the Americans.
Nevertheless I am puzzled by this goal. Assuming Russia/China win and get their Eurasian integration, so what! 30 years ago, the European market was a prize worth fighting for. What is it today, drowning in debt and getting poorer each day. The same could be said for the entire West.
Thus Russia will send its energy and China will send its manufacturing products to Europe. What will the Europeans pay them in return? A worthless Euro? To retie their economies into the Euro/dollar is to reintegrate Russia/China with the collapsing western model. It makes no sense.
For all their faults, the Globalists fight to hold on to Europe does make sense. Their goal is to enslave as many people as they can. Thus Europe has value to them because there’s always something to plunder. Plus a total collapse appears to suit their fancy too. What value does a collapsed Europe have for China or Russia?
As I see it, Russia/China proceed cautiously because they don’t want the American Empire to collapse too quickly. Yet Russia cannot defeat NATO this way until the West’s economy does collapse. Sorry there will be nothing in the West worth winning. Why drag it all out?
“Putin Impressed with American System of Prosecuting Political Opponents” – BBee.
We’re #1!
“Under a new directive, the Federal Security Service (FSS), which parallels America’s FBI, is reportedly looking into the seedy history of many political opponents to see what can be thrust in front of the media to turn public opinion against them before they are thrown into a gulag for the rest of their life.
“But digging into a man’s life and prosecuting him for crimes that normally would not warrant such dramatic attention? Not only do you ruin their political prospects, but you also make the news all about them. People forget you exist. Genius! Putin said.”
“Democrats Vow to Arrest as Many Political Opponents as It Takes to Defeat Fascism” — BBee. All of them, of course!
Among people who must be arrested, punched, shut down, put in their place: all women!
https://www.spectator.co.uk/article/the-shameful-persecution-of-posie-parker-in-new-zealand/“Parker organises public events called ‘Let Women Speak’. It’s a genius initiative. She knows these gatherings of women who merely want to give voice to their profane belief that sex can never be changed will draw out crowds of intolerant trans activists and their allies. She knows the ‘Be Kind’ mob will do everything in its power to stop women from speaking. And she knows it will all brilliantly illustrate her core belief: that trans activism is misogyny in disguise, misogyny in drag, if you like, and that it has devoted itself to silencing women who believe in biology.
Australia and New Zealand played their parts brilliantly in Parker’s clever scheme. From Melbourne to Canberra, Hobart to Auckland, huge crowds of the right-on turned up to drown out the voices of the pesky women who dare to call men ‘men’. ‘Let women speak’, Parker says. ‘No’, says the mob. She incites them to confess their misogyny and intolerance in full public view. And they do.”
Get back in the Kitchen you XX. Women are to be seen and not heard. You’re not SUPPOSED to be safe anywhere. That’s Love and Tolerance, Progressive-style.
Basis of the article? This is what a Salem Witch Burning looks like. This is where you march the undesireables to the guillotines. By the same people for the same reasons. “That mob was drunk on sanctimony. This is what happens when we tell people their identity is the most important thing in the world and that anything that so much as grazes their self-esteem is an outrage that must be crushed.”
Remember: words are violence, but actually attacking people and throwing things is free speech. Burning down black neighborhoods is DEFINITELY free speech. And medically safe. It’s almost Passover, “Let My Felons Go!”
Speaking of, I don’t know what you mean by the calendar Easter isn’t Easter. The Crucifixion, that is, Easter, was on Passover, thus the last supper. This happens on a changeable day set by the last moon of spring, exactly the same as today.
MacGregor: Yes, I’ve mentioned how all the present Generals and most staff participated in and supported all the wars from Vietnam to now. I guess otherwise they’d never get above Buck Private. However, that doesn’t endear me, as they were all totally on board, in the broader sense, until Bush completely failed in a smoking crater at taking over the world by capturing – or more specifically, destroying and denying — the oil. (Note $1T in war spending = zero oil. We stole almost none of it and could have bought all of it at ¼ the price.) So the “White Hats”? Don’t really want to shake their hand, would look for a long, very specific explanation of WTF they thought they were doing from 1990 to 2007 or whenever they started being visible again. I’m open to hear it, but not happy. MacGregor is one of those men, as is Scott Ritter.
Yellen: throwing Powell under the bus. “1,000:1 Debt:GDP ratio is sustainable so long as Powell keeps rates at 0% until the sun burns out.” Uh-huh. Clearly illiterate, unaware of any and all events in financial history, Ms. “We’ll never see another crisis in [your] lifetime.”
Speaking of, Denninger runs down why SVB can and MUST collapse, https://market-ticker.org/akcs-www?post=248367 As Luongo also said, the money-pyramid firehose is that they loan money, not for a car or something, but to NOBODY, for NOTHING. That is, Venture Capital, Vaporware. 10 loans for 10 perpetual motion machines, all of which must fail. Nobody cares because 1) SVB gets paid and makes loans 2) CEOs get paid from the debt and make salaries 3) New stock is issued on yet more debt taken out by stock traders. 4) When it all fails like Home Depot, Mozillo, Cathy Woods, no consequences exist and people hand them a billion dollars again as if they never lost the first billion. 5) They then start a new failure and pay themselves a new salary. Sure beats working! And pays 10,000x better!
If this were an ACTUAL loan, something would be created. Somewhere. That money would then be re-deposited in the banking system, somewhere. But SVB essentially counterfeits money, loaning it for nothing. At nothing interest. They then take the “wealth” of that loan, call it an asset, and lever against it again.
This works until, um, ANYTHING happens. In this case, 1% interest means you can borrow $100,000, pay yourself millions, and pay only $1,000 for it. Great! Until rates rise to 5%, where you borrowed $100,000 against vaporware, have no prospects, your employees produce f-all and always will, and you owe $5,000/mo instead of $1,000/mo. You go to the stock market to issue more bovine waste products for them to eat, and the stock market can’t support an issuance (meaning more debt) of $5k, only $1K. Your monthly is $4k in the hole, and in 5 days you collapse.
Because you’re a d—n pyramid scheme, fools! All pyramid schemes collapse, which is why they are ILLEGAL. “But, but, the Regulators don’t take them out.” THEY JUST DID, you fools. Powell and NY just nuked them bc San Fransisco won’t.
Denninger outlines this process and why, if you want to NOT collapse the banking, the U.S. and thereby derail the gravy train Wall Street gets by allocating capital, they need to arrange a hit and execute these guys in public. Which they just did.
“U.S. ‘Shoots Itself In Foot’ By Limiting Use of Dollar – Putin (TASS)
Yeah, funny ol’ world where every move accidentally stops the Empire and strengthens the nationalists. Must be the biggest string of coincidences in my lifetime. As above, if the ARMY (MacGregor), the BANKS, (Wall Street), and the PEOPLE, (everyone outside D.C.) all want the nation to function because the Empire is going down. Only a few idiot holdouts believe that if we just try HARDER, this will work. Unfortunately they’re locked in the control room. What do I mean?
Powell himself said he doesn’t want a Petrodollar, the world reserve currency. There is room for many competing currencies, he said.
Did you get that? POWELL, of the FED, does not want the US$ to be preeminent. Triffin’s Paradox. Whoever has the reserve currency is eaten from within. That includes Bitcoin, which he ALSO has no problem with, only the StableCoins, which are universally frauds like the money-gin counterfeiting of SVB. Powell can’t control money supply or policy if everyone and their brother (Eurodollars) can just print up new money without him.
Powell wants the US$ to be a NATIONAL currency, not the World Reserve. So how did the US “Shoot itself in the foot” if the U.S. WANTS to limit the use of the Dollar? …At least 2/3rds of the U.S., minus the “crazies in the Basement” as Reagan called them. (the Neocons).
Now do some math, adjust your worldview when the Fed doesn’t WANT the World dollar. He just said that publicly, again and again. Fed vs Davos. Out loud on camera. Like raising rates, no one believes him. They think he’s lying??? “Don’t Fight the Fed.”
Nope! The whole market is all out there fighting the Fed. Telling Powell he doesn’t think what he says he thinks. Okay then! I’ll take your money. Don’t all line up at once.
Again, these painfully sloppy thinkers, “The ‘U.S.” said…” “Europe wants…” WHO??? Who EXACTLY in the U.S.? Who EXACTLY in Europe? Every man, woman, child, and housecat? Or a VERY SPECIFIC group therein? And this isn’t rocket science, isn’t new: there are always competing factions in every nation on every subject, even if we pretend it was only Democrats and Republicans, that’s still two. Now WHO thinks/says/acts that?
WHO decided to kill every Israeli with the shots but specifically let every non-Jew live? That’s odd. WHO?
“with China’s trade surplus surging 30% to an all-time high of $877.6 billion..”
With Who? Is this just inflation?
“Russia To Make Three Times More Ammo Than West Promised Kiev – Putin (RT) “
The Duran spoke of 1,000 NEW tanks a year at their massive plant. That’s 100/month. This may or may not be true, but the point was this ONE factory is massive. Like the old U.S. factories used to be in the black-and-white era: 30,000 employees in one building. It’s exceedingly hard to estimate that a place that big is capable of, especially when they have all the raw resources they need. Russian factories were all established on this principle. Massive, overwhelming, to centralize as, why not? There’s nothing but open space out there. Unlike the U.S. which is (was) made of all small towns, why not, like Canada, pour concrete in one place on one railroad with one apartment block, and economize?
Let’s say Russia “only” has 500 new tanks and only 500 re-fitted last-gen tanks. “Only”? Ukraine has zero. Germany sent 10. 10 tanks per generation, 20+ years, as opposed to 100 tanks per month. Why do I talk? Logic isn’t used in the Western Hemisphere: It just annoys the pig. I’m sure Captain Marvel will fly down from space in the nick of time and we’ll win.
“• The United States Is 13 Years Behind In Ammunition Production – NYT (Y!)
NY Times: “Learn to Code” I guess. The entire nation of America, minus a few coastal outliers, told you not to do this. 1,000 times. You couldn’t stop laughing and stabbing them. Stabby-stabby, Hahahaha! You bible-clutching neanderthals! Don’t you know we live in VIRTUAL reality now, where we can make infinite virtual guns instantly? Yes! Right here in my imagination!
That’s okay: I “Imagined” that I dug up your pipes and fixed your backed-up toilet. That’s $2,000 virtual dollars, please.
““Eisenhower did it, so we don’t have to feel so bad,”
Okay, repeat history lesson: Reagan did NOT deport any Mexicans but signed on universal amnesty. That’s why he’s the enemy of the Left, hated forevah and evah! But that was a one-time deal depending on shutting the border and not allowing this to continue. Guess what happened next? As in the very next day? Promises, promises. 2M illegals a year, 10 new U.S. cities because ‘Merica is so terrible and racist n’ stuff.
If only we could re-elect the President who deported the most illegals ever. Obama.
“• Italians Refuse to ‘Eat Ze Bugs’ (DS)
Why? Why on earth would you ever, ever do this? Bugs – which are animals – are not cheaper than grain, which is what you FEED animals. There is no logical premise whatsoever, as with most Green stuff. That makes my only conclusion that it’s bad for your health and murders people widely. Murder is always the answer. Even before you ask the question, I can tell you murder is the answer. Never ask a druggie what the answer is. The answer is more drugs.
“Costs more, works less.” Yup! All systems go! #OppositeLand. #AntiLogos, on the case! Shut up and steal my money!
““but will cost trillions, trash large portions of the environment”
40 years later, they finally noticed. Man it must be REALLY obvious, practically caving their heads in, if OXFORD can tell. Now if only they could tell about AGW.
What was that about recycling the 80-foot turbine blades, which wear out rapidly? Oh yeah! You can’t, they are essentially deadly, eternal waste and never rot, can’t burn or decay. Unlike the 6-foot wood rotors of NON-centralized wind power like with Hugh Piggot on Isle of Skye, made from 2x4s and an old Volvo. Wind does not “Fail on every count” then. …Bout only if it’s not centralized and the wrong people get the loans and the money: that is to say: YOU. Like wages, this must never, never happen.
Sleep without breathing, that’s an interesting idea. Why do they call it “sleep”? Isn’t that leading the question? Why not call it “meditation”? Or something else?
They’re Scientists. These dum-dums probably can’t define what “sleep” is to begin with. Can you?
Sleep is an aspect of consciousness. Go ahead and define that for me, you physicists.
Great interview – CBDCs
Death vaxx/CBDC/Digital iD – all connected.
https://tntradiolive.podbean.com/e/dr-simon-elmer-on-jerm-warfare-with-jeremy-nell-23-march-2023/
“MacGregor is one of those men, as is Scott Ritter.”
…because in your mind MacGregor is reformed and Ritter was unjustly prosecuted??
“..the infrastructure around wind and solar will not only fail, “but will cost trillions, trash large portions of the environment and be entirely unnecessary..”
Years ago in Northern New England a good friend had a phenomenal hail storm hit his area.
Golf ball to tennis ball hail for 10 minutes, very unusual in size and duration.
He was fishing in the middle of his lake in an open motor boat and had his baby daughter with him.
The hail storm came up very quickly and got bad so quickly it shredded the canvas cover on the boat were the baby was sleeping.
It was so bad he panicked and had to put the baby in the beer cooler and close the lid to protect her and he dove under the boat to protect himself.
When it was over, the boat had almost a foot of 2-3″ hail balls in it and was riding very low in the water from the weight. Took him half an hour to get most of the hail out of the boat and motor to shore.
When he got to shore, all the skylights in his house were broken including his patio slider doors where the hail bounced off the deck and smashed them plus some windows where the hail blew sideways into them.
Thousands of dollars of damage.
Then he saw his brand new car in the driveway, all the windows were broken and every square inch of the car looked like someone had taken a ball peen hammer to it, it had the texture now that looked like lizard skin. The car still ran fine but was considered a total wreak by the insurance man.
I bring this up because solar panels don’t ‘do’ hail storms very well and even if you have insurance to cover them, it only takes one big hail storm to raise the insurance rates to unaffordable levels for the whole neighborhood.
The whole venture capital (VC) scene is money laundering and Ponzi-palooza.
Loaning someone half a million to write an “App” that tells you the high tide time and best burrito in your location while selling the ‘rubes’ data use to Google (NSA)
Useless eaters have nothing on the VC scene.
The Empire of Lies has an off the chart trade deficit.
Russia and China have trade surpluses cause they actually have stuff the Real World needs.
The Empire of Lies is Vaporware
It’s infrastructure is crumbling, it’s rail system and mass transit are Grade A Shithole quality.
Maybe it needs a vacation to relax and focus the rodent like attention span of it’s plebs.
Inflation/Exaggeration/lying
Do your leaders tell the truth? Look again.
Sitting and sawing the branch.
A trade surplus is an indicator of a positive balance of trade, where a country’s exports exceed its imports.
China and Russia became the world leaders in trade surplus last year.
Canada, meanwhile, became the absolute leader in terms of growth, with its number jumping 4.8 times throughout the year, to $17.45 billion.
———–
Democracy, Freedom and liberty, demonstrations. protests
Farmers, Canada, J6, France, Israel,
———
Expropriate the assets,
that precedents for such actions are rare, one of the few being the seizure of Iraqi assets by the US at the end of Saddam Hussein’s regime.
A precedent jeopardizing faith in the Western financial system and the dollar.Yesterday, loans/allocating capital, would create/improve/add, something, somehow, somewhere for someone.
Today, ….. ?????
———–
What/who/how can remove all/any bugs from any/all grains before making flour?
————-Imagine that 2014 had not occurred..
War makes rubble. Fortified area are demolished
The production technology is a thing of the past, there are neither specialists nor industrial facilities.
Imagine, peace.Attention to detail, don’t sweat the small stuff, it’s all small stuff.
Like something as basic as changing a tire properly
The general level of everyday competence in the Empire of Lies is slipping, especially since the Clotshot has disabled a large part of the population’s cognitive functioning.
Black Swans await around every corner.
Macgregor is spot on about Ukronaziland’s implosion will take out NATO
It won’t know what hit it.
Just cruising down the road whistling it’s favorite tune of Regime Change Inc.
@PositiveDennis
While agreeing with you in principle I can’t stretch credulity quite far enough to consider that Google is a friend. I look at Google as a dependably predictable mortal enemy that keeps trying to trap me by offering delicious bait that I am happy to steal whenever I can and hope not to be hooked and caught. I’m still not altogether sure whether Google (et al) has got me, or if I’ve been a nice fish that keeps stealing the bait off the hook and getting away.
Or if, as Forrest Gump described, “maybe it’s both.”
Dr. D Rich posted:
Are Europeans as beguiled by Obama’s “lit state” as Americans ignorant to Biden’s senility?
Can delirium, alcohol intoxication, alcoholism, and dementia (any subtype) be a continuum the recognition of which rests upon an observer’s position? That in America from my mountain, Obama is abhorred not adored for a degree of self-possession that exceeds general measures of malignant narcissism. Yet, few recognize the public Obama smirk as the result of drugs, albeit the drug alcohol, by which he ties one on to relax any manifestation of social anxiety (stuttering).Well …Obama (Nobel Peace Prize as a LUV-U coronation) was adulated by the French as soon as he was elected. Family members of mine flew to California to party with ppl they did not know well, to celebrate. He was a new SAVIOR figure.
Back in time, say 1920s and on, and particularly after WW2, Paris was a destination for Black ‘artists, intellectuals’ who were adored, as Americans, confident, uppity, and if Black, oppressed, so touting rebel-type ‘cool’ counter-culture, playing music, acting, doing super whatever, writing great books, etc. A touch of ‘exoticism’ played a role….
Ex. Josephine Baker, show person, even today well known, admired. James Baldwin, author. Looking for a 3rd name, I see wiki actually covers this (ok it is wiki..)
https://en.wikipedia.org/wiki/African_Americans_in_France
As for Biden as Prez, as a stumbling senile figurehead he is mocked and despised. All over the world.
Ppl are astonished that the most powerful, belligerent, country in the World is headed by such an incapable puppet, not just a nobody, like a Joe or Debby on the block, waving flags, making silly rah-rah speeches, but a sort of animated corpse-like puppet who can’t even glom the teleprompter…
As for the Kamala…it appears that even the US MSM can’t publish vids of her..
And the US is supposed to be the TOPS of propaganda, image, advertising…?? (I heard this 3x today.)
Consider this in light of the Tom Luongo view of the Swiss National Bank being allied with the Fed/US-retail-banking interests, and having just prevailed over Davos in the C.S. AT1 bond battle.
“There are two types of assets – state property that belongs to the Russian government and private assets. The former mostly refers to nearly $300 billion in Russia’s foreign currency reserves, which have been frozen by the West. According to Ahnlid, they are easier to seize legally. The latter, however, are much harder to identify and can be seized only in a few cases, for instance when they can be proven to be the proceeds of a crime. The diplomat says the task force may decide not to confiscate these assets permanently, but only seize income or interest on the capital. Ahnlid is not the first to point out the difficulties surrounding the plan to confiscate Russian assets. The Swiss government, for instance, has been opposed to the move, saying last month that it would violate international agreements and Switzerland’s constitution.”
@DrD
Did you get that? POWELL, of the FED, does not want the US$ to be preeminent. Triffin’s Paradox. Whoever has the reserve currency is eaten from within. ”
So even the Fairy Tale about King Midas doesn’t simplify the simple truth simply enough for the Money Power People to understand and internalize the lesson.
There should be a General Exam before graduating adolescence in which people must pass a written and practical exam that tests how well they understood their Fairy Tales. If someone can’t explain the moral of parables like The Emperor’s New Clothes or Henny Penny then they’ve got to go back and re-do childhood as many times as necessary before they get at least the basics right and are allowed to enter society.
Deutsche Bank seems to be the Axis Mundi of the Davos blood drinking Satanic Eyes Wide Shut crowd.
London is no longer the player they once were. Libor is in the toilet.
German banking is the linchpin, or should I say Lynch Pin, of the Davos master race plan to totally collapse Eurotardistan and mold it anew to their perverted form.
Sex is politics
There’s a cart on a mountain being pulled by some guys who are stronger than oxen and perhaps just as wise.
There’s some folks on the cart- dozens more than in the yokes- and they laugh wielding whips with some condescending pokes:
“Haul away, grimy workers! Faster still, muscled lumps! We’ll be late to the party! Hurry up, stupid chumps!”
Well, they looked at each other- all these hard-working men, and approaching a downhill, loosed their ropes with a grin.
For the road took a turn but the cart- it went straight, and those fine, fancy people missed their fine party date.Just think! We are in the early stages of a re-enactment of the Permian Mass Extinction Event, when the Earth’s average temperature rose from around 13oC to around 33oC due to volcanic activity (Siberian Trapps) de-sequestering sequestered carbon and putting it into the atmosphere in the form of CO2.
But whereas the Permian Mass Extinction Event took place over many thousands of years, the Anthropocene Extinction Event is occurring over just a few decades.
And knowing the extreme danger of converting sequestered carbon [in the form of coal, oil and natural gas] into atmospheric and oceanic carbon dioxide, we, as a culture, just keep doing it. Indeed, various governments around the world promote the conversion of sequestered carbon into carbon dioxide for purely trivial purposes, and lie to the masses on a continuous basis about the insane schemes those same governments have invested energy and resources into in as components of The Great Ponzi Financialisation Deception Scheme -which is in the process of completely unravelling.
Without energy, nothing happens.
And when greedy apes get far too much access to energy, far too much happens far too quickly.
The good news is, for much of the world, the petroleum energy supply is going away fairly soon.
The bad news is, far too much damage has already been done.
It’s going to be a very rough rude -the next five to ten years- especially for the clueless, who have not been paying attention to anything they needed to pay attention to.
EPA guidance from 2022 expressly prohibits open detonation, dump & burn operations
A June 7, 2022 guidance memo from the EPA declares that open detonation and open burning of chemicals must be an absolute last resort in an incident. EPA violated its own rules by allowing this…EPA violated its own rules and committed crimes when it authorized the dumping and open burning of 125,000 gallons of vinyl chloride monomer (VCM). My source is a former official in EPA’s enforcement division.
Public officials are so shameless that they have tried to pin responsibility for the dump and burn operation on the local fire chief. A proper recovery operation was initiated the night of the derailment, but was called off, according to a source close to the railroad industry.
https://planetwavesfm.substack.com/p/epa-guidance-from-2022-expressly
Yugoslavia.
Right after the Tito’s death country was swamped with “individuals” from the US that are suddenly immensely interested
in just about anything “Balkan” (read, probably, CIA assholes).
It is a long story, one of those was in our apartment. His interest, and apparent thesis, was Economy of Bosnia and Herzegovina between the two wars. He, “David”,ended up drinking with my father, an retired officer of YU-army. Both of them drunk bullshitting and not understanding the word that each was saying – an alcohol was unifying factor. Not to say that CIA pos ended dead drunk and unmovable for the following day and good part of the night. My father was worried as what was wrong with him..
True story.
Doc Robinson:
EPA. Another 3 letter agency. “I am from the government and I am here to help you!”
EPA is not your friend! Just like the CIA, FBI, DoJ, DHS, NSA, SEC, etc.
“Alternative Analysis” https://drjohnsblog.substack.com/p/alternative-analysis
Thanks for this, Eleni. I had suspected that Russian diplomacy lay quietly beneath the surface.
The Middle East Frees Itself From the West
The reconciliation between Saudi Arabia, leader of the Sunni Muslim world, and Iran, leader of the Shiite Muslim world, finally makes possible an era of peace in the Middle East. It was made possible by Russia, ally of the two enemy brothers, and negotiated first in Iraq and Oman before being concluded by China, Iran’s millennial ally, acting impartially. This agreement closes eleven years of wars and Western influence...
..For 7 years, the Middle East has been paralyzed. No conflict can evolve because it always opposes the two sides of Islam. This is exactly what the West wanted and what Israel has maintained. It is not surprising, therefore, that the only people who have been outraged by the Saudi-Iranian peace are Israelis.
The agreement just signed was negotiated by China on the basis of non-interference in internal affairs. The Iranians might have feared that the Saudi Shiites would pay the price, as they did six years ago with Sheikh Nimr al-Nimr. But Tehran has understood that times have changed. Riyadh will respect its Shiite minority, because it too has an interest in peace.
https://www.voltairenet.org/article218999.html This military assessment of global finance and economics by the lead general of the Chinese military college, published in Italian in 2017, reflects a major theme in long term Chinese strategic assessment of global economy and finance. It looks at the $US taking over the imperial currency baton from the British Empire after Bretton Woods, then leveraging that to the Petrodollar regime in 1973, after having to default on the gold standard because of expensive wars in Korea and especially Vietnam.
Tying the dollar-dominance to the flow of oil, the most critical economic resource in the world, without having to “own” the oil, facilitated the rapid growth of an imperial regime of resource extraction, part of it through cycling 10 years of cheap/easy dollars to fund industrial expansion, such as in Mexico and Thailand, then following with a crisis, and 6 years of expensive, high interest dollars, to crash the businesses and buy up their assets for pennies on the dollar.
China played along, while carefully guarding against victimhood. Meanwhile, the productive economy of the US hollowed out, which happens with any global reserve currency over time, due to “Triffin’s Paradox”.
The $US financial regime has made financial attacks on the Euro, Iraq, Libya, and has limited Chinese regional trade potential by creating crises in the islands of the South China Sea. Crises are used by the empire to deprive rivals of the ability to take $US financial hegemony. Having global trade currency hegemony allows users of the currency to be forced into losing positions. The wars of choice the US has engaged in have not been for oil or specific resources. The general makes the case that all of the wars have served the currency hegemony, which is the wealth-extraction tool.
China has long maintained that it did not want the Yuan/Renminbi to be a global reserve currency, a wise position, in order to avoid attack. This paper makes clear that General Liang sees the global reserve currency status as the prize for having the biggest, most dynamic economic engine, and that the Chinese Yuan/Renminbi should logically have that status, when Chinese and linked economies achieve critical mass.
The contest between the US and China was already seen as inevitable in 2017, and that was not new. The US military had seen it approaching, expected around 2024 – 2025, which is what the US military has recently said again. Thanks Noirette. Google translate works.
One Belt,One Road , General Qiao Liang
https://www.limesonline.com/en/one-belt-one-roadChristine sends this recent piece by Michael Hudson, an outline of his recent book, The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point, about the history of debt and war in the west over the past few thousand years, beginning with the rise of financial oligarchs, more interested in power gains, than in societal stability and cohesion. (Michael Hudson is highly regarded in Washington for his book “Super Imperialism”, which provided the analytical framework for the Nixon-Kissinger “petrodollar” deal in 1973. He is highly regarded in China for this same and subsequent analysis of global capital movements. General Liang drew liberally on Hudson’s work in the analysis above.)
The aim is to make governments borrow from bankers and bondholders, giving them interest as well as control over what gets funded.
The ideological umbrella for this power grab is to accuse governments of interfering with “free markets,” that is, with the financial sector’s ability to act as society’s central planner in allocating credit. Debt creation is seen only as helping economies grow, not as inflating asset prices for housing, stocks and bonds, obliging homebuyers and retirees to run further into debt to afford access to housing and retirement income. Society’s economic ideology is transformed to accept the concentration of wealth in creditor hands as a natural phenomenon, not a predatory power grab at the expense of society’s overall prosperity.
Automatic stabilizers are said to make government regulation unnecessary, and credit (that is, debt creation) is depicted as productive, not corrosive. What really is at issue is not whether governments are strong or weak as such, but whether they act in the broad public interest to limit creditor claims on the increasingly indebted economy, or protect creditor privileges as “rights” over those of debtors. It is as if business “cycles” do not recur in the context of steadily rising debt/income and debt/asset ratios.
Credit can finance economic growth best when organized as a public utility. But private creditors and bankers seek financial gains for themselves, maximizing claims on debtors without limit. A jockeying for dominance ensues as the magnitude of debt grows to exceed the ability of debtors to pay. Private creditors translate their economic gains into political power, polarizing the distribution of wealth and income by deregulating and untaxing financial gains. These laws of motion produce an oscillation between financial drives gaining dominance over society and a reaction by society as it realizes that the “cleanup costs” of debt are much like those of physical environmental pollution, pushing the overall social balance into deficit.
The interaction between financial dynamics and the economy at large has changed the character of government throughout history. Mesopotamian rulers annulled grain debts, but classical antiquity’s oligarchies used state power to prevent debt cancellation. Christianity took the side of debtors, but the medieval papacy supported English kings, excommunicating advocates of parliamentary checks and balances. Subsequent creditors pressed for parliamentary reform to make entire nations responsible for paying debts, but pressure is rising today to restore public control to subordinate debts – and hence their counterpart creditor claims on debtors – to social needs. But when, Charles, WHEN? (Is the Powell Fed raising interest rates until something breaks, then patching what it wants, to impose losses on non-allies?)
The Everything Bubble and Global Bankruptcy
Sorry, but global bankruptcy is already baked in. Too much debt has been piled on phantom-collateral and income streams derived from bubble assets rising (for example, capital gains, development taxes, etc.). The asymmetry is now so extreme that even a modest decline in asset valuations/collateral due to a garden-variety business-cycle recession of tightening financial conditions will trigger the collapse of The Everything Bubble and the mountain of global debt resting on the wind-blown sands of phantom collateral.
There are persuasive reasons to suspect global debt far exceeds the official level around $300 trillion, most saliently, the largely opaque shadow banking system. When assets roughly double in a few years, bubble symmetry suggests that valuations will decline back to the starting point of the bubble in roughly the same time span.
The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system.
http://charleshughsmith.blogspot.com/2023/03/the-everything-bubble-and-global.htmlThe secretive Israeli think tank behind Netanyahu’s judicial overhaul Thanks Christine. Lots of details of Israeli domestic politics are elucidated here.
The Kohelet Policy Forum, founded by an American Israeli and funded by a U.S. libertarian billionaire, quietly authored and helped introduce the far-reaching package of judicial changes that has sparked a national crisis and driven hundreds of thousands of Israelis into the streets.
Likud member Keti Shitrit, in a recent interview with Israel’s Channel 13, said Netanyahu’s party never internally discussed the judicial overhaul bills supplied by Kohelet before fast-tracking them through the parliament.
https://www.msn.com/en-us/news/world/the-secretive-israeli-think-tank-behind-netanyahu-s-judicial-overhaul/ar-AA190ZfR Netanyahu Pauses Judicial Overhaul To “Avoid Civil War” As Rival Protest Groups Clash
[Who comprises the “extremist minority”, “tearing Israel apart”, Mr. Prime Minister? Your enforcers are deserting now. That has gotten your attention.]
In a much anticipated 8pm (local) speech, at a moment hundreds of thousands of protesters are in the streets, Prime Minister Benjamin Netanyahu confirmed in a televised speech that he will pause his ultra-controversial judicial overhaul plans which many say would destroy Israeli democracy and court independence.
He emphasized that he is aware of the deepening divide and tensions in society as a result of the legislation, but called the anger in the streets the product of an “extremist minority” that is “tearing Israel apart.” The crisis not only resulted in massive national strikes on Monday, but escalated to the point of growing numbers of refusals of recruits and soldiers to serve in the Israeli Defense Force’s reserve units, putting the country’s security in peril.
https://www.zerohedge.com/political/netanyahu-imminently-suspend-israeli-judicial-overhaul-plan-after-protest-chaos-strikesIt was established forensically that the rapid downloads of the emails had to be from a memory device attached to a computer, not a “hack”, but a leak.
Seth Rich was working for the DNC, and was murdered on his way home from a work party at a bar, leaving his smartphone and credit cards on him.
The analysis has been that Seth Rich, deeply offended at the disenfranchisement of Sanders voters in 2016, sent the Clinton-Podesta emails to wikileaks.
Seth was Jewish, and might have also provided the information to the Mossad. The Mossad seems to have had it, and used it to influence the 2016 election.
(Is this why Biden won’t invite Netanyahu for a state-visit?) The FBI still has a couple of Seth Rich’s computers. Can we see the contents, please?
Moon of Alabama has the story.
There was no ‘Russian intervention’ in the 2016 election but an Israeli intervention that was all over the place. As usual the deep state covered that up:
Throughout this chain of events—including the trial, the Mueller Report, and the nearly 1,000-page Senate Intelligence Committee Report—no hint of the involvement of Israel was made public. Despite the clear violations of US law and months of clandestine, high-level attempted interference in the presidential election, no details were released, and no congressional hearings or investigations took place. Nor was there ever a hint in the press, which remained transfixed by Russia.
The evidence, however, suggests that throughout the summer and into the fall of 2016, Israel illegally interfered in the US presidential election. A top agent of Netanyahu was secretly offering intelligence and other covert assistance to Trump to get him elected—all with virtually no oversight or scrutiny by the FBI or the US media, though both had numerous personnel in Israel at the time.
Finally, nearly 8 years after it happened, we have for the first time a reasonable explanation for the ‘hacks’ and releases of the Clinton, DNC and Podesta emails. Natanyahoo’s agents did that in exchange for political concessions to Israel by Trump.
Those Israeli agents will have had a great time laughing about the ‘Russian intervention’ nonsense the U.S. public has fallen for.
https://www.moonofalabama.org/2023/03/israel-not-russia-hacked-the-2016-election.html#moreThanks Eleni in Athens: Poll shows several NATO members would feel safer under Russian military alliance
A new poll reveals that NATO’s controversial eastward expansion hasn’t really gone according to plan. Former Warsaw Pact member Bulgaria and former Yugoslav Republic Slovenia, which both joined NATO in 2004, say that they would feel safer being defended by the Russian military in the event of war than they would by NATO.
Perhaps more worryingly for NATO top brass are Turkey and Greece. Both joined the alliance in 1952 and have a history of being at odds with each other (to put it mildly) say that they too would feel safer being defended by Russia in the event of war.
https://www.sott.net/article/343152-Poll-shows-several-NATO-members-would-feel-safer-under-Russian-military-alliance The mud might be dry in May, but if there are not enough men and equipment, there can be no spring offensive. The west cannot send what it does not have, so is this a prelude to capitulation? Who will get blamed, if so?
President Volodymyr Zelensky has said Ukraine’s counter-offensive against Russia cannot start until Western allies send more military support.
https://www.bbc.com/news/world-europe-65075952 Seymour Hersh Accuses US of ‘Cover Up’ Over Nord Stream Sabotage (Blaming Biden would be easy. Then what?)
The veteran investigative journalist alleged that Biden administration officials have been “feeding” the press false stories to “protect a president who made an unwise decision and is now lying about it.”
https://www.commondreams.org/news/hersh-nord-stream-cover-up Things like this are usually whitewashes, like the 9/11 Commission, and the Warren Commission, but young athletes keep “dying suddenly”. Limited hang-out?
The National Academies of Sciences, Engineering, and Medicine (NASEM) has appointed a committee to review evidence on the relationship between the vaccines and specific adverse events that have occurred after vaccination, including infertility and sudden death.
The committee’s process includes establishing methods, reviewing literature, drawing conclusions, and preparing a report.
“The committee will make conclusions about the causal association between vaccines and specific adverse events,” the NASEM website states.
While their work is funded by the U.S. Centers for Disease Control (CDC) and the U.S. Department of Health and Human Services (HHS), the sponsors will not be able to examine the report before it is published to the public, Kathleen Stratton, a NASEM official, said during a recent meeting.
“What that means is that if a sponsor doesn’t like what the committee has to say—the conclusions of the committee—… the sponsor can’t prevent the report from being made public,” Stratton said. “This is a very powerful tool that we have.”
https://www.zerohedge.com/medical/us-expert-panel-meet-determine-which-adverse-events-covid-19-vaccines-causeInteresting little spontaneous color revolution going on in Israel. Maybe a little pay back from the US Deep State for a little Israeli election interference in 2016? Do you think the deep state might still be a little sore about being suckered in 2016?
The US succeeded in a color revolution in Pakistan but has hit a brick wall with all the other “stans” in central Asia. It seems that Russia has de-colored the other 4 “stans”. The 4 “stans” have also taken note how quickly the US “cut and ran” from Afghanistan. Meanwhile Russia is still there.
Yes, the French are protesting in their usual flamboyant manner but nothing will change. Just like nothing ever changed after all of the other previous protests. It is the French way of protesting after a change has been made, to ensure the change isn’t changed! Vive la change!
@WES: The deep fissure in Israeli politics has opened up.
Netanyahu, still going through criminal trial process, has to align with far-right ultra-orthodox religious Jews, who mostly go to religious school, are exempt from the draft, and are state supported. The largely-immigrant secular Jews who do work and join the IDF have very different views, and do not want Israeli courts to be neutered by elected politicians, since Israeli politicians like the current Netanyahu coalition are a particularly vicious tribe, lacking in insight and self reflection.Wow- twice in one day! Simon Elmer (thanks, Germ) saying DUMP THE SMART PHONE! And Ed Curtin (well, almost two weeks ago) saying DUMP THE SMART PHONE.
If you find the future as terrifying as it wants to be, dump your phone. And don’t replace it with a “smart watch” no matter how Dick Tracy it makes you feel.
Seriously, people. They can’t pull off the their dystopia or CBDCs without this.
Chips under the skin? Anyone can do minor surgery.Dr. John Day:
Yes, the fact that there was no discussion beforehand of the introduced legislation tabled is proof of the the politicians wanting control over the courts. I am sure the US Deep State is in there being as helpful as only they can be, still sore for being cheated out of their broom flying witch Hillary.
But this is no different than Biden wanting direct control over the auditing department of the US Fed.
Politicians always want more control over more things and people. So they nibble away everywhere. In Canada the politicians have already succeeded in gaining total control of the central bank and the courts, so it is already way too late for us in the land of igloos.
It’s hard to take the Israelis seriously for rioting on an obscure judicial reform issue Bibi was pushing when being one of the most vaccinated countries on Planet Earth, they don’t seem that concerned about a massive up tick in Myocarditis, strokes, blood clots, sudden excess death rate, miscarriages, still borns, etc.
No problem, nothing to be concerned about, certainly nothing to take to the streets for.
What a god damn joke of a country Israel is.
So much for the myth of the Chosen People.
So much for being smarty pants
Please, may we have a 9th booster master, please!
A massive drop in birth rates among Israelis will not be matched by the Palestinians living there who were not offered the Clotshot as much and didn’t trust it and refused at a far greater number.
This is an intelligence test and a Darwin Award contest.
The Israelis look like Losers by a country mile.
And the Middle East just massively shifted East and left them with the Empire of Lies to snuggle with and no other friends in the area.
Well Played!
Here’s a salute to you Israel
So AFKTT is still twitching in his neurotic CAGW onanism, despite the fact that it is not only just flat wrong as science, but is stupid as a religion, suicidal as policy, and hypocritical as environmentalism.
What’s it gonna take to get him off this foolish fetish of farcical fallacy? If it truly represents his ground of being and his relating to the world, then everything derived from that premise is crippled by that error, along with his overall credibility in every other domain.
How differently would we regard Michael Hudson or Colonel MacGregor were we to learn that on the side they espoused the Q-Anon beliefs, practiced secret rituals in a genital-mutilation cult, or (horrors) could actually define “woman”?
The Carbon Cult is yet another fear-mongering manipulation of the divide-and-conquer debilitation powers, and that should be obvious to any adult observer (however rare those might be anymore). It is, simply, a willful lie, and all who repeat it are dupes, and self-deluding liars as well.
Enough!As a side note, I guess being the focus of medical experiments 80 years ago didn’t make enough of an impression on Israelis to avoid signing up for another round of inhuman mRNA experiments this time.
With a 96%+ rate of vaccination, they are the leaders
An Israeli pharmacy…………
Concerning the covid scam, it is hard to believe the Israelis were amoung the first to fall for the covid scam and then they ensured that they were amoung the first in line to receive the deadly covid vax. They drank the kool aid more deeply and frequently than anyone else.
It certainly shows the Israelis elites must have been on one of the losing sides of the multi sided ruthlessly sick WEF/Davos/Globalist/CIA/Deep State power elites, who claim to control us.
Since the covid death scam was the brainchild of the US DoD, I can’t help but conclude that this Israeli vax outcome somehow is connected to Israeli 2016 election interference and the US Deep State’s desire to punish the Israelis as payback.
“I want to begin by sharing with you some exciting news which has great economic significance,” [Jerusalem] Mayor Lion told the conference. “The entire world faced the coronavirus pandemic which took so many of our loved ones and impacted all our lives. It damaged our health and caused great harm to our economies. One of the miracles that led us out of this dark time was the work of BioNTech, a German company which developed the mRNA-based vaccine for Pfizer. I can now share with you that from here, I will be traveling to Germany to visit the company’s headquarters, because we have just signed an agreement with the Israeli government and BioNTech to build and establish a development, research, and production center for mRNA-based vaccines in Jerusalem.“
Alastair CROOKE‘S latest:
“[T]he West fell into its own ‘Certainty Trap’.”
F.S.
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