Debt Rattle May 23 2018
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Brassaï Couple on a bench, Paris 1932 • The End Is Nigh For The Biggest Tech Bubble Ever (CNBC) • ECB’s Negative Interest Rate Policy The Funni
[See the full post at: Debt Rattle May 23 2018]FEDERICO PIERACCINI (author of the above hypersonic weapons article) is an interesting writer.
He introduced me to MacKinder, Spykman, and Mahan’s Heartland and Rimland theories.
Russia’s V. Putin has, with one stroke, neutered the U.S.’s missile defence system.
A brilliant strategy countering the military largess of the U.S..
The beauty of this is even the top brass know they’ve been had.
Changes the game considerably.
A quote I particularly appreciate from Putin;Certainly it would be a global disaster for humanity; a disaster for the entire world. But as a citizen of Russia and the head of the Russian state I must ask myself: Why would we want a world without Russia?”
Indeed, why would we…
I quite like the idea of a parallel currency in a country. It is a good idea for Italy. And it could be even within a sovereign country which can print its own currency. After all why tie your currency to your exports? Every day we are hearing either the ‘good news’ of an export market or the ‘bad’ news of a decline in the export market. Whether our dollar is up or down. All a load of nonsense. Most of what we buy or sell is made here in NZ, or should be, and the only thing we need to have a ‘dollar’ for is to pay for those things we import.
Patricia
I agree.
The tyranny of the U.S. dollar is quickly (relative term) coming to an end; the world awakes and there are powers that can ensure it becomes so…If we are allowed to live that long! I can’t see the US being willing to give up its reserve currency. Iraq, tried, Libya tried. There was another country that tried but I have forgotten which. In fact with the amount of military hardware in the world it will be next to impossible to stop some nutter pressing a button. Especially when religion or ideology is involved. We are a very funny species.
Patricia
Yes, all that is true; however as I said above: …and there are powers that can ensure it becomes so…
Those powers are Russia and China.
We may go up in a nuclear cloud of waste; but the U.S. knows it will not survive, for a certainty!
Let’s hope that is deterrent enough…Would have to be careful — a parallel currency like Cuba or similar to the USSR ruble would have other problems and pressures.
Life – Repeating the same thing, expecting the same results.
“Having no debts is an advantage”
“Marry a rich man.”
Yes, I agree Dr. D but surely because of sanctions it would be sensible to have a parallel currency. A sovereign country would survive because the power of an import/export currency would not affect them. And probably that is why Cuba and Russia have survived.
I don’t think marrying a rich man or woman will be much help. If everything turns to custard having money will not help you at all. Knowing how and what to will help but just having money will not.
F. William Engdahl
https://journal-neo.org/2018/05/19/will-oil-end-the-american-century/Has high creds with me; good article, thanks.
My …or woman… was tongue firmly planted in cheek.
And yes, money will be useless except for starting fires and a poor substitue for toilet paper.
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