Archive for March, 2018

The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018)

Posted in AIIB, China, CIPS, Cryptocurrency, Currency, Cyberactivities, Gold, Guns, INE, International Finance, International Monetary Fund, Money, Russia, SDR - Special Drawing Rights, Second Amendment, Silver, Special Drawing Rights (SDR), Sports, SWIFT, World's Reserve Currency on March 26, 2018 by e-commentary.org

. . .

K          “In the past, the United States played and promoted with some skill the tension and animosity between China and Russia.  The United States has behaved so abysmally and monstrously that even the Chinese and the Russians are flirting with each other.”

J          “The enemy of my enemy is my friend.  Yet nations do not have enemies or friends, only interests.  They have allied to advance their common interests in confronting a common enemy.”

K          “When the United States drives the Chinese and Russians to embrace and play well together, the U.S. is in trouble.”

J          “The U.S. has proudly and defiantly positioned itself to be the world’s worst enemy.”

. . .

J          “The National Security Strategy document signed by President Trumpi on December 18 unwisely exacerbates the U.S. and China-Russia divide and further alienates the U.S. from the world.” 

K          “China is launching its crude oil futures contract today at the Shanghai International Energy Exchange (INE).  China and Russia have been swiftly designing and perfecting a system described as the China Interbank Payment System (CIPS) to send and receive information about and to reconcile financial transactions.  The system will circumvent and ultimately undermine the Society for Worldwide Interbank Financial Telecommunication (SWIFT) controlled by the U.S.”

J          “They are also establishing the Petro-Yuan to replace the Petro-Dollar to facilitate transactions facilitated by the CIPS and to make investments funded by the Asia Infrastructure Investment Bank (AIIB).  That allows the Chinese and Russians, at the time of their choosing, to dump U.S. Treasuries and equities and buy up and demand the physical delivery of all gold and silver.  The Big Jolt will shift the geopolitical tectonic plates in a short time.”

K          “The U.S. will respond by dropping every bomb in its arsenal all at once everywhere and assassinating any leaders who challenge its hegemony.”

. . .

K          “The Chinese are building the One Belt One Road Initiative and uniting countries and continents, but the U.S. has a hard time tightening its economic belt and fixing one road.”

. . .

K          “The U.S. could do a whole lot more to slow or stop the wholesale theft of intellectual property by China.”

J          “His company was uneasy about filling the order from China for just a single unit.  Three years later, they discovered that an entire plant is producing dozens of them daily.”

K          “Now they do not even need to reverse engineer a product.  Just hack the computer and download the plans.”

J          “When Chinese technology was used to commandeer an American drone, I knew the situation was bleak.”

. . .

J          “A few weeks ago, someone on a lunch break called into a radio call-in show and questioned the genius of the U.S. strategy.”

K          “At some point, everyone will be calling in and asking why the prices at Walmart are suddenly what they were at Nordstroms the previous month.”

. . .

J          “The rest of the world may accept or be forced to accept a gold-backed currency for some time.  However, after securing control, the Sino-Russian Alliance will be free to impose a fiat cryptocurrency using something much more sophisticated than the rudimentary blockchain technology and perhaps a refined version of the Hashgraph technology.”

K          “But will the U.S. have enough bombs to drop on the rest of the world?”

. . .

K          “The Chinese and the Russians were playing chess and the U.S. was playing checkers; now the Sino-Russian Alliance is playing weiqi and Trumpi is playing tiddlywinks.”

J          “Trumpi is playing with himself and playing with our futures.  And they are playing doubles while the U.S. is playing singles.” 

. . .

[See “China plans to break petrodollar stranglehold” in “Asia Times” by Pepe Escobar dated December 21, 2017 and “The World Will Not Mourn The Decline of U.S. Hegemony” in “Truthdig” by Paul Street dated February 20, 2018.]

[See the e-commentary titled “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:

Panda < Eagle > Bruin; Panda + Bruin > Eagle  

CIPS > SWIFT; AIIB > World Bank; INE > Brent + WTI; Petro-Yuan > Petro-Dollar:  [ergo] -> Panda + Bruin > Eagle.  Game, Set, Match.  Fin.

Currency Wars -> Trade Wars -> War Wars

America First -> American Last

Some signs at the “March For Our Lives” March on March 24:

Orange lies matter

Owner for reform

The scariest part of school should be a pop quiz

More 4.0 Less 5.56

We call BS

Hold handguns

When I grow up, I want to be alive

If I am killed by a gun, don’t bury me, just dump my body on the Capitol steps

Bullets are not school supplies

Enough / Bastante

My life is worth more than your guns

No more silence  End gun violence

Arm me with books not bullets

Need test to drive  Why not to shoot?

Protect kids not guns

Moms demand attention

Am I next?

Gun owner for gun control

No Rational Argument

21st century technology, 18th century laws

Too old to create change, step aside and we’ll do it

Never again

Some tweet  We march

NRA  Modern Day Mafia

Mental health not personal wealth

Respect our existence or expect our resistance

Thoughts Prayers Action

My students are more important than your guns

Enough is Enough

Mothers Against the NRA

#NeverAgain

Deliberating Gun Control Delicately (March 19, 2018)

Posted in Boycott Series, Guns, Law, Second Amendment on March 19, 2018 by e-commentary.org

. . .

K(GO) “No psychos.”

GO1     “No psychos.  They give responsible gun owners a bad name.”

K          “Most folks implement the ‘No Psychos’ idea with universal background checks equally for every gun transfer including at gun shows.”

GO2     “That may not work.”

K          “Work with me on this one.  Remember that every psycho who gets a gun takes a gun away from a responsible gun owner.”

GO3     “Hard to argue with that.”

K          “A twenty-one year old male today has a life expectancy of about 61 plus years.  At one gun a month, he will acquire 736 guns, give or take.”

GO1     “There you go.”

K          “So we adopt a minimum purchase age of twenty-one.  On one’s twenty-first birthday, give her or him a gun.  Skip going to the bar and go to the range.  Home on the range, they say.”

GO2     “I hear you.”

K          “One purchase a month is the way to go.  Purchasing a gun without reading a few magazine reviews first may result in you buying the wrong magazine . . . and attached gun.  Buying a gun is not like buying a burger on the drive home.”   

GO3     “That is the difference between a ‘collection of guns’ and a ‘gun collection,’ if you know what I mean.”

. . .

[See the e-commentary at “The ‘Gun Show Loophole’:  A Dialogue Among Gun Owners.  Oh, And Happy Presidents’ Day (February 19, 2018)” and “Get A Gun; Practice Gun Safety (January 25, 2016)”.]

Bumper stickers of the week:

Fe & Pb > ETOH

Gun control means non-psychos hitting their target.

A man convinced against his will is of the same opinion still.

If you haven’t connected emotionally, you won’t connect intellectually.

Boycott the NRA

Boycott the National Rifle Association

The Power Of Small Thinking (March 12, 2018)

Posted in Courts, Education, Judges, Peoplocene Age, Plastic, Schooling, Society on March 12, 2018 by e-commentary.org

. . .

K          “Decade in and decade out in every venue from academia to the courts, when big thinking confronts the typical small thinking individual or institution, small thinking almost always emerges.”

J          “C’est la life.  If there is no money in big thinking and buckets of money in small thinking, then small thinking prevails.  It is the first law of societal thermo-economico-dynamics.”

. . .

[Plastics continue to plague the planet.  See “Saving the albatross: ‘The war is against plastic and they are casualties on the frontline’” in “The Guardian” by Anna Turns dated March 12, 2018.  Time to think big.  See the e-commentary at “Living In The “Peoplocene Age”.  The Inconvenient Truth:  Renewable Energy Is Not Sustainable; The Population Must Be Restrainable.  (December 12, 2016)”.]

[See the e-commentary at “On Merit and the Meritocracy (January 11, 2010)”, “On Standards & Quality (July 20, 2015)”, “‘You Can’t Be Smarter’ (August 10, 2015)”, “Federal Judges:  Institutionalized Bullying (September 18, 2017)”, “Arctic High School Court (May 23, 2016)”, “The Ninth Circuit:  Two-Tiered ‘Just-Us’ Review (February 13, 2017)”, “The Paradox Of The Republican Federal Judge:  Republican Federal Judge Syndrome (September 23, 2013)”, MPP / MPA:   Are They Really Masters?  (November 13, 2107)”, So Many Words, So Few Ideas (September 21, 2009)”, “Skip the Nobel in Economics? (October 5, 2009)” and “How To Run A Newspaper (February 8, 2016)”.)

Bumper stickers of the week:

BIG THINKING in -> small thinking individual or institution -> small thinking out

e-commentary:  BTI -> BTO (BTU?)

Competency is so overrated.

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”  Upton Sinclair

Think big, think long.

Terrorized By Trumpi’s Tariffs (March 5, 2018)

Posted in Automobiles/Automobile Industry, Banks and Banking System, Blue States / Red States, Currency, Kleptocracy, South, Tariffs, Trumpi, War on March 5, 2018 by e-commentary.org

. . .

K          “In his latest Twitter tantrum, Trumpi announced that he is going to terrorize the world with tariffs.”

J          “He is a twit.  Everyone but Trumpi knows that tariffs are tarrible.”

. . .

K          “Trumpi may place tariffs on foreign cars.  The BMWs manufactured in the foreign country of South Carolina and the Volkswagens made in the foreign country of Tennessee and the Mercedes made in the foreign country of Alabama all will be tariffed.”

J          “The South is the New Germany.  Lindsay Graham is the Senator from South Carolina, New Germany.”

K          “The South is also the New Japan.  The Toyotas from the foreign country of Kentucky also will be tariffed.  Mitch McConnell is the Senator from Kentucky, New Japan.  Someone said that other countries may place a tariff on Kentucky bourbon.  That will get Mitch in a tither.”

J          “What if other nations boycott Harley-Davidson?  They are made in Paul Ryan country.”

. . .

K          “Makes you wonder if most of the Red States are actually foreign countries.  We may soon need a passport to visit and transit.”

. . .

J          “Tariffs are a toll that takes such a toll.”

. . .

K          “A boycott of Harley-Davidson . . . now them is fighin’ words.  And that’s the problem.  A trade war often becomes a war war.”

J          “Trade wars often become currency wars.  Currency wars often become trade wars.  A currency war combined with a trade war almost always becomes a war war.”

. . .

K          “Putin sent a message on March 1 to the U.S. that seems to have been lost in translation and buried in the cacophony of chaos.  If the U.S. attacks, Russia will respond.”

J          “No one is listening over the din.”

K          “No one is listening.  Too many hurricanes are hurling toward the house of cards.”

. . .

[March 8 – International Women’s Day]

[See the e-commentary at “Bankruptcy Auto Companies (December 8, 2008)” on the auto industry in the South.]

Bumper stickers of the week:

The chaos is getting even more chaotic.

Trade War -> Currency War; Currency War -> Trade War; Trade War + Currency War -> War War