Graduation Advice:  Transcend:  Maintain FL 44; Make A Few Discrete Dives And Diversions To TPA (Traffic Pattern Altitude) (May 16, 2022)

Posted in Graduation Advice on May 16, 2022 by e-commentary.org

.  .  .

K          “Transcend.”

.  .  .

K          “Ladies and gentlemen of the class of ’22 . . . transcend. . . .  If I could offer you only one tip for the future, . . . transcend.  You have been studying and partying and extracurricularing at a frantic and frenetic pace.  Now is the time to learn to. . . . transcend.  Maintain Flight Level 44 [44,000]; make a few discrete dives and diversions to TPA (Traffic Pattern Altitude) to participate with other members of the community.  Try with all your might to take flight from the Möbius Loop of stupidity, dishonesty, hypocrisy, incompetence, indifference and arrogance when you can.”

. . .

K          “And eschew fear and wear sun screen and hearing protection and chainsaw safety chaps.  Eat dessert: First.  Learn to tie a bowline (and a bow tie).  Stop, pause, think.  And . . . transcend.”

. . .

J          “Go East, young person.  Go to Rome, D.C. and get in on the looting before it is too late.”

. . .

[See the original “Sunscreen Column”, the Wikipedia article “Wear Sunscreen” and listen to “Everbody’s Free (To Wear Sunscreen)”.]

[See the e-commentary at The Möbius Loop Of Stupidity, Dishonesty, Hypocrisy, Incompetence, Indifference, Arrogance, . . .  Oh, And Happy Thanksgiving! (November 25, 2019), Graduation Advice: Eschew Fear (May 10, 2021), Graduation Advice:  Stop, Pause, Think (May 18, 2020), Graduation Advice:  Learn To Tie a Bowline (And A Bow Tie) (May 13, 2019), Graduation Advice:  Eat Dessert.  First. (May 14, 2018), Graduation Advice:  Wear Chainsaw Safety Chaps; Cut With Care (May 15, 2017), Graduation Advice:  Wear Hearing Protection; Listen Attentively (May 16, 2016) and the advice to youth at Go East, Young Person (August 25, 2014).] 

Bumper stickers of the week:

And eschew fear and wear sun screen and hearing protection and chainsaw safety chaps.  Eat dessert: First.  Learn to tie a bowline (and a bow tie).  Stop, pause, think.  And . . . transcend.

Transcend

Flee the Mobius Loop

Seventh Annual Pushitzer Prize In Commentary For 2022 (May 9, 2022)

Posted in Economics, Journalism, Pushitzer Prize In Commentary on May 9, 2022 by e-commentary.org

. . .

            “The envelope please.  . . .  This year’s Pushitzer Prize in Commentary is awarded to . . . Yves Smith (Susan Webber) with Naked Capitalism . . . for stirring the pot, asking hard questions, demanding answers, rejecting lies, spotlighting uncomfortable truths, comforting the afflicted and afflicting the comfortable.  And being a journalist.  And choreographing a collective of journalists who comment with insight and integrity on finance, economics, politics, power and life.”

. . .

[See the e-commentary on the ongoing international crime at The Persecution Of Assange And The Feckless MSM (September 21, 2020).]

[See the e-commentary on the Commentary Award at Sixth Annual Pushitzer Prize In Commentary For 2021 (June 7, 2021), Fifth Annual Pushitzer Prize In Commentary For 2020 (May 4, 2020), Fourth Annual Pushitzer Prize In Commentary For 2019 (April 15, 2019), Third Annual Pushitzer Prize In Commentary For 2018 (April 16, 2018), Second Annual Pushitzer Prize In Commentary For 2017 (April 10, 2017), First Annual Pushitzer Prize In Commentary For 2016 (April 18, 2016), Pulitzers Are Pro-War?  Pressing The Pushitzers (April 22, 2013) and Economics And Finance:  Girls v. Boys (June 4, 2018).]

[Please send nominations for the Pushitzer Prize in Commentary for 2023 and a supporting letter by January 21, 2023 to e-ssay@gci.net and send the entry fee to your favorite charity.]

Bumper stickers of the week:

Naked Capitalism:  Fearless commentary on finance, economics, politics and power

Make journalism great again

Make journalism journalism again

“The purpose of arresting Julian Assange is to send a message to the people, especially journalists, to be quiet and don’t get out of line.  If we, the people, allow the government to control us through fear, we are no longer free, we are no longer America.”  Tulsi Gabbard

Disinformation Governance Board / Ministry Of Truth (May 2, 2022)

Posted in Censorship, Information / Disinformation, Internet, Newspapers, Press/Media on May 2, 2022 by e-commentary.org

. . .

K          “Information should be unfiltered.”

J          “Information should be curated.”

. . .

K          “Almost all of our current problems spring from information interference.”

J          “Almost all of our current problems spring from a failure to interfere with misinformation.”

. . .

K          “The people must be obligated to filter information.”

J          “The government must be obligated to curate information.”

. . .

Bumper sticker of the week:

DGB = KGB?

Joint Base State-War (JBS-W) (April 25, 2022)

Posted in Military, War on April 25, 2022 by e-commentary.org

. . .

J          “‘Joint Base State-Offense’ works, but how about ‘Joint Base State-War’ to use the cabinet agencies established in the Constitution and to clarify the mission.”

K        “Like ‘Joint Base Lewis–McChord’ or ‘Joint Base Anacostia–Bolling’ or ‘Joint Base Langley–Eustis’ that consolidate operations of the the military branches.  Then we as a country could establish a cabinet-level ‘Department of Diplomacy’ to handle foreign affairs and international relations.”

. . .

K          “I have shared this concern before.  America has a ‘Department of Offense’ on each side of the Potomac River.  Every time the Metro conductor announces: ‘Next stop . . . Foggy Bottom’, I may be the only one who smiles and realizes that it is the metonym to describe the Department of Offense built literally on a swamp in the D. of C.  America needs to build a cabinet-level ‘Department of Diplomacy’ and critically needs to establish an ‘Office of the Legal Advisor’ and hire the very few Americans who are ‘agreement-capable’ to bring America into the rules-based international community.” 

J          “War is profitable.  Peace is not.  The country needs a more balanced pursuit of peace, but war is a necessary option.”

. . .

K          “I shared a story that I reflect on frequently.  An old experienced law professor who taught comparative law in American and European law schools for over two score years shared his settled observations about the fundamental difference in training and perspective between American-trained lawyers and European-trained lawyers.  With some exceptions, an American-trained lawyer first asks:  “Can we get away with it?”  With some exceptions, an European-trained lawyer first asks:  “Is it lawful?”  Europe and the EU need some European not American thinking.”

J          “You also said something about ‘American-trained Americans’.  What is an ‘American-trained America’?  Is the problem deeper in the state?”

. . .

Bumper stickers of the week:

Next stop . . . . Department of Diplomacy

Smedley Butler Pentagon

Give war less of a chance

“I was once asked if I had any ideas for a really scary reality TV show.  I have one reality show that would really make your hair stand on end: “C-Students from Yale.”  George W. Bush has gathered around him upper-crust C-students who know no history or geography, plus not-so-closeted white supremacists, aka Christians, and plus, most frighteningly, psychopathic personalities, or PPs, the medical term for smart, personable people who have no consciences.  To say somebody is a PP is to make a perfectly respectable diagnosis, like saying he or she has appendicitis or athlete’s foot . . . PPs are presentable, they know full well the suffering their actions may cause others, but they do not care. They cannot care because they are nuts.  They have a screw loose! . . . So many of these heartless PPs now hold big jobs in our federal government, as though they were leaders instead of sick.  They have taken charge of communications and the schools, so we might as well be Poland under occupation.  They might have felt that taking our country into an endless war was simply something decisive to do. What has allowed so many PPs to rise so high in corporations, and now in government, is that they are so decisive.  They are going to do something every fuckin’ day and they are not afraid.  Unlike normal people, they are never filled with doubts, for the simple reasons that they don’t give a fuck what happens next.  Simply can’t.  Do this!  Do that!  Mobilize the reserves!  Privatize the public schools!  Attack Iraq!  Cut health care!  Tap everybody’s telephone!  Cut taxes on the rich!  Build a trillion-dollar missile shield!  Fuck habeas corpus and the Sierra Club and In These Times, and kiss my ass!  There is a tragic flaw in our precious Constitution, and I don’t know what can be done to fix it.  This is it: Only nut cases want to be president.”  Kurt Vonnegut, A Man Without a Country

www.challengeoppression.org  This site is asking you to sign in. 

[Only fibbing.  You know the creators of the site do not require you to sign in.  We are just stepping up our game and letting you know that we are monitoring you.  And we know that you know what happens to those we monitor who do not toe the line.]

The Other Sabot To Drop (April 18, 2022)

Posted in Society on April 18, 2022 by e-commentary.org

. . .

K          “Shoes, not shoe.  And they are all size 15E hobnail combat boots.”

J          “There are as many shoes set to drop as you might find standing around at an Imelda Marcos yard sale.  No one knows which shoe or when, but they know a shoe is going to fall.”

. . .

K          “Everyone was lined up like the figures in the sculpture ‘The Breadline’ by ‘Georg Segal’ displayed at the Franklin Delano Roosevelt Memorial.  A year ago, they would have staged a fathom apart and dutifully atop the squares on the floor.  Lined up today about a meter apart, each inched closer together as more tax donkeys joined the queue to post their tribute on the last day.  So I did what I do and did field research.  Sullen lugubriousness became sudden loquaciousness.  Others were willing to talk and wanted to talk.  The uncertainty and anxiety are evident.  The fear and dread are palpable.  Then I went about doing the next chore.”

J          “What was terrible before Covid is far worse today.  Nastiness is contagious.  Inconsideration is infectious.  Venality and vileness are viral.  Lying is now a way of life.  Humanity has taken a dive that it will not recover from in our life.”

. . .

[See the e-commentary at Fight Or Flight In The Face Of Fear? A Principled Reaction To Stand (November 30, 2020), Monitoring The Masses:  The Card And The Chip (January 12, 2015), The Populace Is “Dis-ed”: Discombobulated, Disequilibrated, Disquieted, Disconcerted, Dislocated, Disillusioned, Disappointed, Dismayed, Dissed And Dis-ed (February 8, 2021), The Vaccine: The Shot Felt Round The World (November 23, 2020), Covid-19 PanICdemic/Plague:  TSD/PTSD In The New Plague War.  A New Civilian Conservation Corps (CCC)? (April 27, 2020) and The Residue of Unrelenting Fear: PTSD Afflicts The Populace (August 28, 2006).]

Bumper sticker of the week:

Unauthorized

This server could not verify that you are authorized to access the document requested.  Either you supplied the wrong credentials (e.g., bad password), or your browser doesn’t understand how to supply the credentials required.

The Great Checkmate And The Great Seesaw: Interesting Rates (April 11, 2022)

Posted in Federal Reserve, Great Checkmate, Inflation, Interest Rates, Recession, Stagflation on April 11, 2022 by e-commentary.org

. . .

K          “I doubt the Fed will be able to increase 150 basis points [1.5%] this year before the economic pain is so great that they will be forced to flood the market with free money for the wealthy and exacerbate the obscene wealth divide.”

J          “200 total basis points [2%].  I’ll go big.  I cannot see them raising rates to a total of 250 or even 225 basis points.  If they also start the ‘quantitative tightening’ at the same time, they will suffocate the markets.”

. . .

J          “Some say we will get ‘deflation’ and others say we will get ‘inflation’ without being specific.  We talked years ago about the deflation of bubble assets and the inflation of necessities that continues to get more distended and pronounced every day.”

K          “As I recall, last April we recognized that inflation was permanent and was not transitory.  The Fed did not shed the word ‘transitory’ until December.”

. . .

K          “The self-inflicted Great Checkmate is inescapable.  They say the bond market is about twice the value of the stock market.  They say the equity market is about fifty trillion dollars.  They say the gross domestic product of the United States is about twenty trillion dollars.  If the Fed raises the Federal Funds Rate to provide a reasonable return to bond holders and to attempt to throttle inflation, then the stock market will fall, the housing market will fold its tent, and the federal government will strain to pay the interest on the national debt.”

J          “The Great Checkmate is the Great Seesaw.  The economy is allowed to teeter and then the economy is allowed to totter.  The next year will be quite a roller coaster ride.  Let’s compare notes at the end of the year.”

. . .

[See the “The Coming Global Financial Revolution: Russia Is Following the American Playbook” in “The Web of Debt” dated April 5, 2022 by Ellen Brown, the recipient of the Third Annual Noble Prize In Eco-nomics (October 8, 2018); consider the discussion of some of the possible changes and consequences of World War E in “The commodity currency revolution” in “Goldmoney” dated April 7, 2022 by Alasdair Macleod.]

[See the e-commentary at Careening Toward A Global Totalitarian Authoritarian Behemoth?  And Then There Is The Fed’s Self-Inflicted Great Checkmate. (January 3, 2022), Third Annual Noble Prize In Eco-nomics (October 8, 2018), Economics And Finance:  Girls v. Boys (June 4, 2018) and Gas / Au / Ag / Cu: The Great Commodity / Currency Wars: What’s Up? What’s Down? What’s Really Up? What’s Going Down? (November 17, 2014).]

Bumper stickers of the week:

Dragon < Eagle > Bruin; Dragon + Bruin > Eagle; Eagle + Bruin > Dragon

Free Assange Journalism is not a crime

“The geopolitical war also distracts attention from the urgent agenda of climate change, especially in light of recent indicators of global warming causing climate experts to be further alarmed.  Other matter of global concern including migration, biodiversity, poverty and apartheid are being again relegated to the back burners of global policy challenge, while the sociopathic game of Armageddon Roulette is being played without taking species wellbeing and survival into account, continuing the lethal recklessness that began the day the bomb was dropped on Hiroshima more than 75 years ago.

In concluding, the question ‘why Ukraine?’ calls for answers.  The standard answer of reverse racism, moral hypocrisy, and Western narrative control is not wrong but significantly incomplete if it does not include the geopolitical war that, while not now directly responsible for Ukrainian suffering, is from other perspectives more dangerous and destructive than that awful traditional war.  This geopolitical war of ‘poor’ choice is now being waged mainly by means of hostile propaganda, but also weapons and supplies while not killing directly outside of Ukraine.

This second war, so rarely identified much less assessed, is irresponsibly menacing the wellbeing of tens of millions of civilians around the world while arms dealers, post-conflict construction companies, and civilian and uniformed militarists exult.  To be provocative, I would say that it is time for the peace movement to make sure that the US loses this geopolitical war!  To win it, even persisting with it, would constitute a grave ‘geopolitical crime.’”  Richard Falk

Interning For Clio:  Collecting, Protecting And Preserving The Record (April 4, 2022)

Posted in Bideni, Covid / Coronavirus, Inflation, Newspapers, PMC, Press/Media, Ukraine on April 4, 2022 by e-commentary.org

. . .

K          “They say most prestigious internships today are unpaid and thus only available to the children of the well-to-do who do not need the money and are well on the path to doing the parvenu PMC thing.”

J          “I cannot really say this undertaking has made either of us well-known or wealthy.”

. . .

K          “I print an article, then scan the paper version and then save it along with a cut and pasted version of the URL in a separate file.  What I find too often in a later search is that the article is simply deleted, not edited or distorted.  Every now and every then, an article is materially modified.  Adding ‘not’ at spots and deleting ‘not’ at other spots changes an article.”

J          “And then you get ‘404ed’ so often.  As I recall in computer network communications, the ‘HTTP 404’, ‘404 not found’, ‘404’, ‘404 error’, ‘page not found’ or ‘file not found’ are error messages.  They are a hypertext transfer protocol standard response code – the good old http.  The message indicates that the browser was able to communicate with a given server, but the server could not find what was requested.  It is a good old server failure.  Servers are failing far too often.  By design.  Servers are the new age HAL 9000 with far more sophisticated AI.”

. . .

K          “From the first entry on January 30, 2020, the ‘Coronavirus Diary’ reveals quite an unreal and surreal ride.  I structured my day to run by and do field research at Costco, Target, Walmart and other stores and venues to study the people, products, prices, perils and performance.  In early February of 2020, I was one of the few Occidentals wearing a mask and knowingly nodded my head at the few Orientals also wearing masks.  I bought up a box of pulse oximeters and gave them to folks who had no idea what they are.”

J          “The thing with toilet paper and bottled water is unreal and surreal.  Humanity is not going to make it.  We are not going to make it.”

. . .

K          “A six pack of Costco canned chicken breasts went from $10.89 to $13.99 last Tuesday and then to $15.99 in the last few days.  The sign said $16.99, yet when I went back to double check the receipt, I discovered they charged $15.99.”

J          “They are ready with a sign of our times.  Costco Kirkland precooked bacon went from $10.99 about a year ago to $12.99 then to $14.99 then quite surprisingly to $12.99 and then in the last few days to $16.99.”

. . .

K          “I followed the ‘print, scan and save’ practice and actually saved what was actually said or written about Covid-19 on a daily basis to have an immutable record.  Some of the pieces are now ‘404er’ likely because the author is inconvenienced or embarrassed by the statements.”

. . .

K          “The NYT is the ‘paper of record’ for the Narrative but not the ‘paper of record’ for the truth.  Society needs another credible source to chronicle daily developments for current and future consumption and consideration.”

. . .

[See “Ukraine’s Propaganda War: International PR Firms, DC Lobbyists and CIA Cutouts” in “MintPress News” dated March 22, 2022 by Dan Cohen and “Psaki Reminds Reporters That Biden Doesn’t Speak For The President Of The United States” in “The Babylon Bee” dated March 29, 2022.] 

[See the e-commentary at “Analog Knowledge Devices” (“AKD”):  The Next “Currency” (July 10, 2017), Buy A Book? I’ll Pass. Read A Book? I’ll Play. Oh, And Happy National Book Month! (September 30, 2019), Covid-19 PanICdemic/Plague:  Basically, Back To Basics:  Finding Food; Printing Rutabagas.  Happy Earth Day! (April 20, 2020) and “Just visiting, thank you.” (April 1, 2019).]

Bumper stickers of the week:

“The following content has been identified by the YouTube community as inappropriate or offensive to some audiences.  Viewer discretion is advised.”  [Blocking a conversation challenging America’s never ending wars around the globe.]

I got 404ed

Dragon < Eagle > Bruin; Dragon + Bruin > Eagle; Eagle + Bruin > Dragon

World War E Becomes World War III:  The West Versus The Rest:  Uni-Polar Versus Multi-Polar (March 28, 2022)

Posted in Bideni, World War E on March 28, 2022 by e-commentary.org

. . .

K          “Biden’s profoundly unscripted and unguarded statement candidly represents American policy and effectively declared World War III.  That will have consequences.  Put me down as saying it is a bad idea.”

J          “Russia undertook an unprovoked attack on a sovereign nation.  Period.  That will have consequences.”

K          “Because the U.S. threatened its existence, Russia promulgated some very reasonable goals that translate into in a very Western alliterative ‘six-word memoir’ – ‘No NATO, No nukes, No Nazis’.  With no other diplomatic option or outlet, Russia undertook a special military operation with defined and disclosed objectives.  Documents evince that the Ukrainian Azov Boys intended to launch a blitzkrieg in March on the Donbass region bordering on and sympathetic to Russia.  The justification was and is well founded under international law.”

. . .

K          “The President, his Department of State, the Congress and the MSM by their words and actions have declared kinetic war on and with Russia.  The Pentagon may be the only institution that understands the consequences of war and is counseling caution.  The lads and lasses who may do the fighting realize that a no-fly zone will not fly.”   

. . .

K          “Joe ‘Own Goal’ Biden is violating the first precept one must follow when stuck in a hole.  Quit digging.”

J          “He’s not helping.”

. . .

K          “His recent statements that seek regime change in Russia are improper, inflammatory, inappropriate and outside the bounds even for the United States that knows no bounds.  The principle of self-determination has been a bedrock of international law and norms for some time.”

J          “He’s not helping.  The strategy may be to have him make outlandish comments to rattle the world and then task a staffer to walk back the comments.  The strategy is admittedly sketchy.”

. . .

K          “America has a ‘Department of Offense’ on each side of the Potomac River.  Every time the Metro conductor announces: ‘Next stop . . . Foggy Bottom’, I may be the only one who smiles and realizes that it is the metonym to describe the Department of Offense built literally on a swamp in the D. of C.  America needs to build a cabinet-level ‘Department of Diplomacy’ and critically needs to establish an ‘Office of the Legal Advisor’ and hire the very few Americans who are ‘agreement-capable’ to bring America into the rules-based international community.” 

. . .

[See “Pentagon Drops Truth Bombs to Stave Off War With Russia” in “Consortium News” dated March 23, 2022 by Joe Lauria in “Consortium News” and “Biden Confirms Why the US Needed This War” dated March 27, 2022 by Joe Lauria in “Consortium News”.]

Bumper stickers of the week:

“For God’s sake, this man [Putin] cannot remain in power.”  JB

“What a stupid son of a bitch [referring to a rare honest journalist, not to V.].”  JB

Launch, I meant lunch.  What’s on the menu today? 

Will Clio reference March 27 as the pivotal date that will live in infamy?

Dragon < Eagle > Bruin; Dragon + Bruin > Eagle; Eagle + Bruin > Dragon

As of this week, the nation-states in yellow have sanctioned Russia.  The nation-states in gray have not.  Nearly the entire Global South has not sanctioned Russia and is not likely to join the sanctions.  The majority of the Indo-Pacific nations are included in this group.  One eighth of the world by population is with the U.S.; seven eighths of the world is with Russia.

 

Pushitzer Prize In “Breaking News For 2020”, Nunc Pro Tunc (March 21, 2022)

Posted in Bideni, Newspapers, Press/Media, Pushitzer, Truth on March 21, 2022 by e-commentary.org

. . .

The Pushitzer Prize in “Breaking News For 2020”, Nunc Pro Tunc, is awarded to Emma-Jo Morris and Gabrielle Fonrouge with the New York Post for the article “Smoking-gun email reveals how Hunter Biden introduced Ukrainian businessman to VP dad” dated October 14, 2020.

. . .

K          “In a decent country with courageous and honest individuals, the many self-styled intelligence experts who engaged in calculated misinformation and deception in 2020 designed to impact and influence the 2020 election would offer written apologies, but we do not seem to live in a decent country with courageous and honest individuals.  Some might argue that their statements and actions are treasonous.  Courageous and honest individuals now must ask why the NYT circled back to the truth at this late date.”      

. . .

[See the e-commentary at Dispatches From The War On Journalism: The New “Nixon’s Enemies List” (December 5, 2016).]

Bumper stickers of the week:

“The email and others in the cache were authenticated by people familiar with them and with the Investigation.”   NYT, March 16, 2022

Let’s stop pretending that Ukraine is not one of the most corrupt countries in the world.

Russia has never satisfactorily explained why it located its country so close to NATO nuclear weapons and bio-warfare sites.

Dragon < Eagle > Bruin; Dragon + Bruin > Eagle; Eagle + Bruin > Dragon

World War E Breeds Bretton Woods III;  BW II And The PetroDollar Will RIP? (March 14, 2022)

Posted in Bretton Woods, BRICS, CIPS, Petrodollar, PMC, SCO, SPFS, SWIFT on March 14, 2022 by e-commentary.org

. . .

K          “Sounds like a preppy.  Exorbitantly privileged.  His middle name is surely ‘Heathcliff’ or some such.”

J          “Soon to be wearing ‘BWH III’ cum serifs on his sleeve.  Very well bred.”

. . .

K          “Bretton Woods I was born on July 22, 1944 and died on August 15, 1971.  BW I was a modified Au [gold] standard that suspired for 27 years.  On a hot lazy Sunday in August in D.C. when the Ruling Class and the PMC were returning from the Shore, Nixon terminated convertibility of the U.S. dollar for gold with as much hype and fanfare as an announcement of the construction of a new water treatment plant.”

J          “I do not remember the event, yet I sense that the action was more of a unilateral breach without consulting other nations rather than a polite and proper termination of a long-term relationship and a statement that it is temporary.”

K          “Right.  Not to fear, BW II was hatched.  In the next few years, Nixon and others agreed to provide protection to Saudi Arabia in exchange for the Saudis pricing oil in the newly concocted ‘PetroDollar’ protection money.  The scheme allows the U.S. to conjure figment money at will and demand and take resources, services and products from every other country on the planet without providing anything in return other than . . . the figment money.”

J          “The U.S. spent three cents to print a 100 dollar bill and then demanded 100 dollars of things from other countries.  And latter saved the printing costs by just shuffling electrons.  It is a perpetual motion money machine, until it is not.”

K          “Resistance was futile.  The BW II system replaced an ‘Au system’ with a ‘Fe and Pb system’ that commits the iron and lead of the U.S. military to impose and enforce its will on others.  Over fifty years of international economic terrorism followed.  So few get it.” 

J          “I hear you.  I get it.  I got it.  Years ago.  We as a society are going to get it.  In short order.  In the shorts.  My friends the good old Chinese are encouraging members of the Shanghai Cooperation Organisation (SCO) and the BRICS nations to bypass the SWIFT financial system and settle cross-border international payments in digital yuan using the CIPS or possibly SPFS.  That changes everything.”

K          “The ‘PetroDollar’ has had as much influence on civilization as the implementation of the wheel, the creation of the printing press and the discovery of electricity.  Yet, the ‘PetroDollar’ and BW II are dying a slow but accelerating death.  In a stupendous irony, U.S. stupidly killed BW II which had served it so well and has now spawned an uncertain BW III.” 

J          “The U.S. actions are indeed killing the golden goose that did not require any gold to lay golden eggs.”

. . .

K          “The emerging BW III appears to be a mix of gold and commodities rather than printed figments.  The new economic system for the multipolar political world is founded on gold and commodities and headquartered and centered outside America and Western Europe.”

J          “We are substituting one empire that has done much evil for another far, far, far more evil empire without even a clue or a question about what is happening.  By the way, I have a few more Mandarin language tapes for you.”

. . .

K          “There are books on Cod and Salt and Paper and the like.  If he does not write the book on the PetroDollar, I may get it done.”

J          “And don’t forget the piece on fly fishing.”

. . .

[See Is the Dollar in Danger?  China and Russia may be working to take away America’s ‘exorbitant privilege.’ dated March 13, 2022 by Andy Kessler in the “Wall Street Journal”.  That is two citations to the “WSJ” in a row.]

[See the e-commentary at The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018), World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014), AIIB: China: 1; U.S.A. 0? (April 6, 2015), The Mandibles, FRNs, SDRs, IMF, G20, WTD! (September 5, 2016), USA + FRN/PD — > IMF + SDR — > NDB + UMU? The “Universal Monetary Unit” . . . Coming To a Planet Near You (January 2, 2017) and One World Currency? (January 8, 2018).]

Bumper stickers of the week:

Post-World War Two Standards:  From Au . . . to Fe & Pb . . . to Au & Commodities

Dragon < Eagle > Bruin; Dragon + Bruin > Eagle

“This video has been removed for violating YouTube’s Community Guidelines.  Learn more.”

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