Henry
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Thought of the day:
1 – Dominion Voting Systems is owned by:
o Staple Street Capital (76%)
o John Poulos (12%)
o Pennant Park Investment2 – Fox Corporation pays $787 million to Dominion Voting Systems.
o Single large, divided payment from Fox Corporation via Dominion Voting Systems to owners listed above.3 – Fox Corporation “benches” Tucker Carlson thus:
o Reduces expenses.
o Laying off, Tucker warns other staff that anyone can be dropped.
o Framing all future negations with staff.4 – Any outsized payment, be it a settled suit, rent, or sale, usually signals something nefarious behind the scenes.
Observation: It appears the lawsuit is nothing more than an extraction payment or dividend payout to a group of investors.
The Tucker Carlson and Don Lemon benching are cost-cutting exercises and set the stage for future cost-cutting.
Major media companies see financial trouble ahead, and payouts are in progress as well as cost-cutting.
T-Bear, I often wonder how much of an illusion the € (Euro) is:
• All the original central banks still exist.
• There is no standard debt instrument, and Target2 appears out of balance.The € (Euro) seems flawed strangely; it is a poor imitation of the “Euro/Offshore” I described in my post above. The current Euro/Offshore system is organic and arose from the ground up. The € (Euro) seems to have been designed by committee and greedy bearcats, honestly if the “Euro/Offshore” shrinks, I think the € (Euro) will die on the vine, the all of the old currencies will remerge and be branded something like:
• Italian € (Euro)
• German € (Euro)
• Irish € (Euro)
• Etc.What do you think?
There is no magic in pricing in the dollar. Ultimately, any businessman and their customers only care about the currency they need to pay taxes. For import/export merchants, what matters are the following:
• Clearing for international payments
• Hedging forward against exchange risk
• Letters of creditI don’t think the Renminbi will not “replace” the dollar; China does not want to have the City of London to have the privilege to generate as much CNY as they wish. CNY will be used as a pricing mechanism, and settlement will be in local currency.
The forward price swaps could be handled through the Shanghai Futures Exchange, and because of the stability of the CNY, this will not be difficult.
For this article, when I refer to Eurocurrency, I’m not referring to the Euro(€). Since 1950 bank accounts that were denominated in a foreign currency had “euro” attached to the front of their names, for example:
• Offshore Dollar = “Eurodollar”
• Offshore Guilder = “Euroguilder”
• Offshore Yen = “Euroyen”
• Offshore Euro = “Euroeuro”Since a currency is only valid within its legal jurisdiction, the euro/offshore versions are just claims on the original. Therefore, Eurodollars are not dollars; they are just claims on dollars.
The US Dollar has NEVER been the global reserve currency. From about 1950, the Eurodollar has expanded to become the actual reserve currency, and the US Dollar just happens to be “pegged” to the Eurodollar.
The Eurocurrency system is now the focal point of the international market for short-term and intermediate-term credits. It carries out the following primary functions:
• Clearing for international payments
• Hedging forward against exchange risk
• Commercial banks in each country accept deposits from locals and foreigners, but only in that country’s currency. This system can then offer short-term loans for trade finance purposes.For example, Japanese banks accept Yen deposits and make Yen loans, American banks accept dollar deposits and make dollar loans, and so on. To finance foreign trade for their customers, these commercial banks can quickly obtain spot or forward foreign exchange in the international interbank market or draw on balances of foreign currency held with correspondent banks abroad.
Before the 1950’s international trade was dominated by traditional foreign exchange banking, which handled letters of credit and the exchange of currency “A” for currency “B.”
Due to historical reasons, the Eurocurrency banking system primarily resides in the City (aka the City of London). An essential fact to understand is the City of London (the one square mile) is a separate legal entity from London proper.
During the 1960’s traditional foreign-exchange banking coexisted with the emerging Eurocurrency offshore market:
• Traditional foreign-exchange banks face stringent regulations
• Offshore Eurocurrency banks are lightly regulated, if regulated at all, depending on the jurisdictionTherefore, on an international scale, offshore unregulated financial markets compete with onshore regulated ones. Today, offshore Eurocurrency Banking, primarily located in the City, dominates global trade.
For the Unipolar world to exist, it needs the Eurocurrency System. CBDC is about bringing “Eurocurrencies” in from offshore and legitimizing them as legal tender.
The Multipolar world wants to revert to traditional foreign exchange banking.
The euro/offshore system is based on debt, its lifeblood. The debt market’s depth, size, and liquidity drive the actual valuation between currencies within this system.
The traditional system valued the following when comparing currency areas:
• Goods – things a county makes.
• Services – Services offered by a county.
• Commodities – basic materials.
• The monetary base – precious metals, foreign currency reserves, etc.We are at a tipping point today. The world will either fall forward into a brave new world of a single global currency based on the euro/offshore/debt system, or it will pull back and return to a traditional system based on goods, services, commodities, and the monetary base.
For this article, when I refer to Eurocurrency, I’m not referring to the Euro(€). Since 1950 bank accounts that were denominated in a foreign currency had “euro” attached to the front of their names, for example:
• Offshore Dollar = “Eurodollar”
• Offshore Guilder = “Euroguilder”
• Offshore Yen = “Euroyen”
• Offshore Euro = “Euroeuro”Since a currency is only valid within its legal jurisdiction, the euro/offshore versions are just “claims” on the original. Therefore, Eurodollars are not dollars; they are just claims on dollars.
The US Dollar has NEVER been the global reserve currency. From about 1950, the Eurodollar has expanded to become the actual reserve currency, and the US Dollar just happens to be “pegged” to the Eurodollar.
The Eurocurrency system is now the focal point of the international market for short-term and intermediate-term credits. It carries out the following primary functions:
• Clearing for international payments
• Hedging forward against exchange risk
• Commercial banks in each country accept deposits from locals and foreigners, but only in that country’s currency. This system can then offer short-term loans for trade finance purposes.For example, Japanese banks accept Yen deposits and make Yen loans, American banks accept dollar deposits and make dollar loans, and so on. To finance foreign trade for their customers, these commercial banks can quickly obtain spot or forward foreign exchange in the international interbank market or draw on balances of foreign currency held with correspondent banks abroad.
Before the 1950’s international trade was dominated by traditional foreign exchange banking, which handled letters of credit and the exchange of currency “A” for currency “B.”
Due to historical reasons, the Eurocurrency banking system primarily resides in the City (aka the City of London). An essential fact to understand is the City of London (the one square mile) is a separate legal entity from London proper.
During the 1960’s traditional foreign-exchange banking coexisted with the emerging Eurocurrency offshore market:
• Traditional foreign-exchange banks face stringent regulations
• Offshore Eurocurrency banks are lightly regulated, if regulated at all, depending on the jurisdictionTherefore, on an international scale, offshore unregulated financial markets compete with onshore regulated ones. Today, offshore Eurocurrency Banking, primarily located in the City, dominates global trade.
For the Unipolar world to exist, it needs the Eurocurrency System. CBDC is about bringing “Eurocurrencies” in from offshore and legitimizing them as legal tender.
The Multipolar world wants to revert to traditional foreign exchange banking.
The euro/offshore system is based on debt, its lifeblood. The debt market’s depth, size, and liquidity drive the actual valuation between currencies within this system.
The traditional system valued the following when comparing currency areas:
• Goods – things a county makes.
• Services – Services offered by a county.
• Commodities – basic materials.
• The monetary base – precious metals, foreign currency reserves, etc.We are at a tipping point today. The world will either fall forward into a brave new world of a single global currency based on the euro/offshore/debt system, or it will pull back and return to a traditional system based on goods, services, commodities, and the monetary base.
With reference to the FRED graph of “Liabilities and Capital”:
- Did the Fed lose money the SNB swap?
- Could this be the Fed bailing out the UK Pension program?
Or
Just wondering?
When Countess Urslovia von der Crazy stepped out to give her State of the “Animal Farm “ Union address yesterday she was decked out in the gorgeous bright colours of the new European super-state. Unfortunately, a camera crew was not on hand to capture the perfect moment when the regime’s most preferred work-horse, Elenskyy, carried Urslovia onto the podium bare-back.
It was noted by many of the farm’s preferred animals present, indeed muttered by a few, that the most scarce resource in all of the union, as a result of this war in the east, was not oil, gas, electricity or wheat but actually the dearth of decent camera crews to capture these perfect unifying farm moments.
@praecursator thank you for the cleaning solution insight! I remember my grandfather using it. Wow what a flash back. Thanks again.
@v-arnold maybe lots of folks in the northern hemisphere are taking advantage of springtime. 🤠 we have been planting seeds, pasture prep, clone generation, fixing irritation systems, and plant/field prep.
Spring and early summer is the time for optimism! Mind you as a farmer one almost has to be a perpetual optimist.
@oroboros Thank you for posting Alex Christoforou. He gives a great news summary while walking around one of my favorite cities, Athens.
Kind regards.
So Raul is correct in saying, “Not when you can only pay your bills through facial recognition.”
With the introduction of TPUs and OpenCV, Computer Vision has become surprisingly easy to perform. On the farm, we have purchased two Intel Movidius Neural Compute Sticks, and the price of the devices is dirt cheap.
(It would have been great to get the TPUs from Coral, but because of supply chain issues, we are using Intel)
That said, “Computer Vision” is very cheap and here today. Everything from facial to object to critter recognition is now possible for good or ill.
@polder-dweller This is a riveting interview by James Kunstler with Larry Johnson from sonar21.com:
KunstlerCast 358 — A Conversation About Ukraine with Larry C Johnson
Great insight into the situation in Ukraine.
When I first discovered The Automatic Earth, it was the B&W photos that drew me in. The way people looked, the signs, the general condition of society, etc…
I find these photos of the past more fascinating than paintings.
Headwind’s has an amazing set of interviews with the following individuals
- Dr. Malone
- Dr. Geert
- Sam Brokken
- Dr. Mattias Desmet
- Dr. Theo Scheletri
- Murice De Hond
- Dr. Paul De Hert
- Dr. Lieven Annemans
Well worth watching.
The current conflict in Ukraine is a battle between the authority of Nation States vs. New Global Monarchy.
During the middle ages, Europe was ruled by wealthy families, and the idea of “nation-states” did not exist. These wealthy families had a club of sorts centered around Rome and, more specifically, the Bishop of Rome.
The new “Monarchy” is centered around the “Club of Rome” and consists of the new Uber Wealthy, who are ordained from on high to dictate how resources are divided out.
Russia, or the “Russian World,” is centered around the Nation-State and Culture idea. The New Global Monarchy is centered around establishing a new feudal society ruled by the members of the World Economic Forum.
As an American, I’m on the side of the Nation States and cultures in this fight. Thus I understand precisely why Russia needs to win this conflict.
This conflict will end up with one of two outcomes:
- Russia wins; thus, Nation-States win
- Globalist Win; the new Global Monarchy is issued in
I fear that time is on the side of the Globalists, and Russia has no way to wrap up the conflict. Unless all of Ukraine falls, the “Club of Rome” will keep pumping in weapons until Russia is so weakened it falls.
For freedom’s sake, let us hope this does not happen.
Get well soon, take it easy, prior advice given above is correct, DON’T push yourself.
Mind you our resident algo bot @deflate may be confused on what is going on.
@zerosum Don’t blame old age, the new trend is to blame Putin.@ilargi We should be distraught. (See Nancy Pelosi above)
Has anyone noticed the weird hand jesters used by the “VP” and “The Speaker of the House”? Could this be drug-induced?
Thanks @germ, your comment triggered the Disney song in my head, “It is a small world (clot) after all …” in my head.
Orginal sourced paper from Pfizer:
http://phmpt.org/wp-content/uploads/2021/11/5.3.6-postmarketing-experience.pdf
Funny how they made it almost impossible to view the list of issues.
Luckily someone has cleaned up the list:
The Complete List of the Pfizer Adverse Events of Special Interest
Huston looks like we have a problem.
Thank you @veracious-poet, love the Somesee Card!
@Oroboros THANK YOU! I have been searching for RT news sources since they cut off the website.
Two observations:
First
In Jo Jesbo’s fictional crime novel Phantom, Gustave is a nasty character. This character is not the most intelligent individual, but he has two interesting skills:- Quickly can access someone’s deepest desires.
- Get that individual to act against their own best interest.
Klaus Schwab and other characters in our world seem to be like this Gustave character.
Second
People around the WEF behave like a flock of birds. The birds in the middle of the flock can control the flock’s direction, and the birds at the edge are vulnerable to predators and don’t realize by following along that they are just cannon fodder.@brazza THANK YOU for the suggestion of Tor to get to RT.com!
https://www.zerohedge.com/#:~:text=Chinese%20Jets%20Approach%20Taiwan%20As%20Beijing%20Blasts%20US%20For%20%22Fueling%20Fires%22%20In%20Lead%2DUp%20To%20Ukraine%20Invasion
Ok, soooo what is the money that “Joe Biden” will postpone the State of the Union address?Best Evidence is a GREAT set of videos explaining the monetary system works. Best I have found to date: https://www.youtube.com/c/BestEvidence
Well worth your time. Especially the following:
Mommy, Where Does Money Come From?
Wherefore Art Thou Reserves?
Quantitative Easing Is the Biggest Sham Ever
Wow love today’s painting, directly experience nature in person, not through a looking glass. Thanks you.
Love the photo of the “dog”, is it a coyote or wolf? It look a lot like our Anatolian Shepherd from the back side.
@v-arnold you read my mind. One forgets just how good he was.
