Archive for April, 2023

“De-Dollarization” Is The Word Of The Week.  And The Development Of the Year. (April 24, 2023)

Posted in Currency, Petrodollar, Ukraine on April 24, 2023 by e-commentary.org

. . .

K          “‘De-dollarization’.  I cannot remember a time when one word has been bandied about in so many quarters by folks across the political spectrum who wonder if the post-1964 U.S. clad quarter will survive beyond the current quarter.  Everyone is in accord that there is a whole lot of de-dollarizing going on around the world today.”

J          “The change we will employ for our economic transactions may be changing, but I’m not sure what changes it will bring.”

. . .

J          “Saudi Arabia is considering accepting yuan instead of dollars for Chinese oil sales.  Saudi Arabia and Iran announced their intention to join BRICS.  China and Brazil entered into a renminbi-based trade deal.  I can’t disagree with you that the world is being rent in twain one agreement at a time.”

K          “The PetroDollar is the life blood of the economy.  Today.  Much of the rest of the world wants to change the international blood type and seeks not just a blood transfusion but a blood transfer.  The PetroDollar is backed by Fe and Pb but is losing that backing as the rest of the world gangs up to confront and rebut the Big Bully suggesting that they will employ Au and Ag.  And the Saudis are taking the ‘Petro’ out of the Secret Sauce.”

J          “The transition, like all transitions, is not likely to be seamless.  There will be unintended consequences, although it is hard right now to define specifically what the intended consequences are among the big players.  But the drift is clear.”

. . .

[Type in “De-dollarization” and be prepared to revisit and revise your world view.  See “Wait, The Dollar Won’t Die?” by Brent Johnson in an interview with Adam Taggart on “Wealthion” dated April 21, 2023 and “Dancing on the Brink” by John Michael Greer in “www.ecosophia.net” dated April 19, 2023.]

[See World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014), Plow Shares And Swords.  Oh, And Happy Memorial Day! (May 28, 2018) and other e-commentaries under the Category PetroDollar.]

Bumper stickers of the week:

De-dollarization, dude

“How did you go bankrupt?”  “Two ways.  Gradually, then suddenly.”  Ernest Hemingway, The Sun Also Rises.

“Collapse now and avoid the rush.”  John Michael Greer at www.ecosophia.net

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CBDC (Central Bank Digital Currencies):  The End Of Freedom, Privacy, Dignity, Sovereignty And Humanity.  And What Happens When AI (Artificial Intelligence) Takes Over Control Of CBDCs?  (April 17, 2023)

Posted in Artificial Intelligence (AI), Central Bank Digital Currencies (CBDC), Digital Identification System (DIS), Our Future? on April 17, 2023 by e-commentary.org

. . .

K          “What happens when AI takes control of CBDCs?”

J          “We lose our humanity and cease being human.”

. . .

J          “The government’s inevitable descent and devolution into a Central Bank Digital Currency (CBDC) means the end of freedom, privacy, dignity, sovereignty and humanity.  Period.”

K          “The government’s inevitable descent and devolution into a Central Bank Digital Currency (CBDC) means the end of humanity, sovereignty, dignity, privacy and freedom.  Full stop.”

. . .

J          “Not good.”

K          “Real bad.”

. . .

K          “Someone said that a cashless society cannot be implemented unless a digital identification system is in place first.  The digital identification system is the line in the sand that cannot be crossed.”

J          “We are way over the line in the sand.  And most folks have buried their heads in the sand.”

. . .

K          “So few folks get it.”

J          “Soon many folks will get it.”

. . .

K          “What happens when AI takes control of CBDCs?”

. . .

[See “Presidential candidate Robert F. Kennedy Jr. expresses strong disapproval of CBDCs and Digital IDs” by Brendan Taylor in “Insider Paper” dated April 7, 2023.  (“The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.”)]

[See the e-commentary at The Promise Of AI (Artificial Intelligence) (August 20, 2018), “Monitoring The Masses:  The Card And The Chip (January 12, 2015)” Seven Years Later (January 10, 2022), “Monitoring The Masses:  The Card And The Chip (January 12, 2015)” Revisited:  The “Fondle Slab” Enslaves Us All (January 28, 2019) and Monitoring The Masses:  The Card And The Chip (January 12, 2015) and many other e-commentaries.]

Bumper stickers of the week:

What happens when AI takes control of CDBCs?

Question to ChatGPT-4:  What happens when AI takes control of CBDCs?

“When Artificial Intelligence (AI) takes over the management of Central Bank Digital Currencies (CBDCs), several potential consequences and benefits may arise. It is essential to note that the extent and nature of these outcomes will depend on the degree of AI integration, the specific AI system used, and how it is designed and implemented. Some possible effects include:

  1. Improved efficiency: AI can help automate various processes related to CBDC management, leading to faster and more efficient transactions, reduced operational costs, and minimized human errors.
  2. Enhanced monetary policy implementation: AI can analyze vast amounts of economic data in real-time, enabling central banks to implement monetary policies more effectively. By identifying trends and patterns, AI can help central banks make better-informed decisions to maintain economic stability.
  3. Fraud and crime prevention: AI systems can identify suspicious transactions or patterns indicative of money laundering, terrorist financing, or other illicit activities, improving the overall security of the financial system.
  4. Financial inclusion: AI-driven CBDC management can potentially help extend financial services to underbanked or unbanked populations by lowering transaction costs and making banking more accessible.
  5. Tailored economic policies: AI can help central banks design and implement more targeted monetary policies by analyzing individual and regional economic data, leading to more effective and adaptive policy measures.
  6. Risks and challenges: AI-driven CBDC management also comes with potential risks, such as privacy concerns, increased centralization, reliance on AI systems, and potential job displacement in the financial sector. Ensuring that AI systems are transparent, accountable, and secure will be crucial for addressing these concerns.
  7. Ethical considerations: As AI takes over CBDC management, ethical concerns about algorithmic bias, transparency, and fairness must be considered and addressed to ensure that the system is fair and equitable for all users.

In summary, the integration of AI in the management of Central Bank Digital Currencies has the potential to bring numerous benefits to the financial system, including improved efficiency, enhanced monetary policy implementation, and increased financial inclusion. However, it is essential to address the potential risks and ethical considerations associated with AI-driven CBDC management to ensure a fair, transparent, and secure financial system.”  ChatGPT-4

Make cash great again

“Meanwhile there is still some freedom left in the world.  Many young people, it is true, do not seem to value freedom.  But some of us still believe that, without freedom, human beings cannot become fully human and that freedom is therefore supremely valuable.  Perhaps the forces that now menace freedom are too strong to be resisted for very long.  It is still our duty to do whatever we can to resist them.”  Aldous Huxley

“If there is a solution to a problem, there is no need to worry.
And if there is no solution, there is no need to worry.”  Dalai Lama

Don’t worry.  Be happy.

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The Obscene Crime That Is Censorship And Shadow Banning (April 10, 2023)

Posted in Artificial Intelligence (AI), Censorship, Google, Internet on April 10, 2023 by e-commentary.org

. . .

K          “Every week for many months for many years, when I typed in “www.e-commentary.org” to review the weekly e-commentary, Google regurgitated a list of biblical babble.  Even scrolling through all the Google pages rarely provided access to “www.e-commentary.org”.  A few workarounds to gain access worked at times.  Ten years ago or so, an early and rudimentary form of censorship blocked the site before anyone even suspected the extent of the rampant censorship.  AI likely was not sophisticated enough.  What is most troubling is that a person or persons had to review the content and then program the algorithm to block the site.  The censorship today is much more subtle and much more pervasive and much more pernicious.”

. . .

K          “If I type in “The Two Great Geopolitical Elections:  China in 2014-15; Russia in 2022-23 (March 20, 2023)”, a neutral algorithm should return “The Two Great Geopolitical Elections:  China in 2014-15; Russia in 2022-23 (March 20, 2023)”.  However if I type in “The Two Great Geopolitical Elections:  China in 2014-15; Russia in 2022-23 (March 20, 2023)” and even add “www.e-commentary.org”, the Google algorithm shanghaies the viewer to other sites that pay it lucre and purvey official narratives.  Google violates the public trust and breaches the social contract and breaks the law.  Try it at home.  Try it right now.  Try it again later tonight.  Try it again later this week.  Any person can replicate the results.”

. . .

J          “I tried it at home.  I typed in “The Elections Clause And The Independent State Legislature Theory Confront Sound Logic And Settled Practice (December 12, 2022)” and expected Google to respond with “The Elections Clause And The Independent State Legislature Theory Confront Sound Logic And Settled Practice (December 12, 2022).”  Nope.  Other sites are linked.  I get it.  The Internet is not your friend.  Not mine either.”  

. . .

[See “Fighting Shadow-Banning. The Seneca Blog Lands on Substack” by Ugo Bardi in “The Seneca Effect” dated March 23, 2023 (“‘Shadow Banning’ (also ‘soft banning’, or ‘ghost banning’) is a clever way to make someone disappear from the Web, without giving the impression that he or she has been censored (*).  It simply consists in making one’s website disappear from the first pages of the search engines.  It works:  you get lost in the vast prairies of the Internet and your readers can’t find you anymore.  It happened even to Donald Trump when he was still president.”] 

[Google and DuckDuckGo and Brave all respond to a search for https://assangedefense.org/ with a . . . “504 Gateway Time-out”.  Censored again and again and again.]

Bumper stickers of the week:

“As of my knowledge cutoff date in September 2021, e-commentary.org does not appear to be a widely recognized or influential website within the realms of finance, economics, or politics.  It is possible that the website has changed or gained prominence since then, but I don’t have any specific information about its content or mission.” ChatGPT-4.

“Any book worth banning is a book worth reading.” Isaac Asimov

The Internet is not your friend.

April 11:  Rallies for Julian Assange in various cities

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Boys v. Boys; Girls v. Girls.  No Foolin’. (April 3, 2023)

Posted in Blue States / Red States, Equal Protection, Gender, Sports on April 3, 2023 by e-commentary.org

. . .

J          “Boys compete with boys.  Girls compete with girls.  Period.”

K          “Girls compete with girls.  Boys compete with boys.  Full stop.”

. . .

J          “Congress passed Title IX to provide equal opportunities for girls and women.  The legislation is one of the most successful undertakings and resounding successes in American history.”

K          “The irony is that other legislation and court decisions undermine the logic and promise of Title IX.  It is unreal and surreal.”

. . .

J          “The current practice of allowing biological males to compete against biological females is resulting in greater resentment toward trangender folks from otherwise kind and understanding folks.  The reaction is reasonable and palpable.”

K          “This is a subtle variation of the effort by some to get the folks with the burning torches to turn on the folks with the pitch forks.  Think about it.”

. . .

K          “The NCAA women’s championship game yesterday would have been radically different with biological men playing on each team.”

J          “The NCAA men’s championship game tonight would be radically different with biological women playing on each team.”

. . .

J          “You are in a heap of trouble for thinking freely.”

K          “Glad to join the pile of free thinkers.  Logic and common sense still have a place.”

. . .

[See the e-commentary at “Just visiting, thank you.” (April 1, 2019).]

Bumper stickers of the week:

“No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity receiving Federal financial assistance.”  The opening text of Title IX followed by several exceptions and clarifications

Boys and girls should be free to bake bread and build bridges.

Poem of the Century during National Poetry Month:  “Move to adjourn.”

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