Archive for December, 2025

e-commentary:  A Score And One Years Young And Still Having Fun.  Oh, And Happy New Year! (December 29, 2025)

Posted in Year In Review on December 29, 2025 by e-commentary.org

. . .

e-commentary turns twenty-one next week, a traditional bench mark of maturity.  This project, hopefully, has a long and unexplored life ahead.  e-commentary is still:

Peeking behind the curtain, lifting up the carpet, looking under the table.  Honing skills, helping folks, having fun.  Venturing answers to questions that have not yet been asked, seeking to elucidate as much Truth on as many issues in as few words as possible, striving to leave a “commentary of record” for Clio’s consideration.  Chronicling the painful, wrenching, and uncertain transition from a uni-polar to a multi-polar world.  Charting the American experiment and the American experience, the theory and the practice, the promise and the performance, the aspirations and the aftermath.  Doing something was paramount.  Having fun is important.

What is in a name?  In 2005, “essay.org” and “e-essay.org” were taken.  “e-ssay.org” turned out to be the perfect portmanteau of “electronic essay” and provided the original title for this undertaking.  In the first few years, taut, short, cogent, succinct and focused “e-ssays” told people what to think rather than suggesting ideas to think about during the following week.  Reveal, don’t tell, they wisely decree.  Conversation provides a rapid ping-ponging of ideas.  After a few years, “e-commentary.org” emerged as the perfect portmanteau and provided “electronic commentary” using dialogue to allow the reader to listen in on the discussion rather than being told what to think.  The pieces are laced with many little lagniappes for the diligent reader to discover and deduce.  Stitching these weekly poems together may reveal a . . . novel? 

In recent  years, most of the topical pieces focus on the wrenching, painful and uncertain transition from a uni-polar world to a multi-polar world evolving on an overpopulated planet undermined by debilitating debt – government, corporate, personal and spiritual.  So far, the economy seems to be in a checkmate that keeps moving to another square that also leaves one in checkmate.  # to #, yet the economy stumbles and bumbles along.  See the e-commentary in 2024 at The Command Economy Is Failing;  Cease Fiddling . . . With Interest Rates.  Oh, And Happy Constitution Day! (September 16, 2024), Not Derivatives Again: Japan? (August 5, 2024), Bankruptcies?  Layoffs?  Foreclosures?  Evictions?  Inflation? (July 29, 2024), Au And Ag.  To The Moon?  PetroDollar Pact Expires? (June 10, 2024), So It Was The Red Sea And Credit Suisse.  Who’s Counting?  (Strait of Hormuz or Deutsche Bank?  Deriving Derivatives (July 8, 2019)) (February 12, 2024) and China Invaded . . . And Won!  Oh Well. (January 29, 2024) and in 2023 at Portentous Developments In 2022? (January 23, 2023), Counting Battered Bodies Badly.  Oh, And Happy Valentine’s Day! (February 13, 2023), World War E / World War III Is 1 [9?] Year[s] Old This Week.  Oh, And Happy Presidents’ Day! (February 20, 2023), The Two Great Geopolitical Elections:  China in 2014-15; Russia in 2022-23 (March 20, 2023), Russia Is PLANet B!  We Are Saved! (March 27, 2023) and World War I (18__ – 1918).  World War II (19__ – 1945).  Planetary Implosion l (Festering For Decades / 2022 – ____) Oh, And Happy Armistice Day! (November 6, 2023).  Some of the economic, financial, political and social consequences of the transition are discussed at Special Edition.  Deciphering Derivatives.  Oh, And Happy Saint Patrick’s Day! (March 17, 2023), 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), “De-Dollarization” Is The Word Of The Week.  And The Development Of the Year. (April 24, 2023) and The Economic Equinox:  Half Light; Half Dark? (September 25, 2023).  Few understand what is happening; fewer are prepared for what is happening.  Interesting times.  Some of the lighter pieces two years ago glance at our follies, foibles and failures and also our hopes, dreams and successes.  United States of America V. Thomas Jefferson: The Transcript (September 18, 2023), The Trenchant And Traumatic Hemingway (July 31, 2023) and others.

The “On [Traits / Characteristics]” Series acknowledges the father of the essay, Michel de Montaigne, who explored individual traits and personal characteristics.  He shared personal ruminations and anecdotes about society in his celebrated collection Essais (e-ssais?).  Earlier “e-ssays” on this site ruminate on respect, fear, admiration, irreverence, success, self-esteem, regret, standards/quality, loyalty, hypocrisy, honesty, empathy, joy, mudita, etc.  In 2023, on concern was On Friendship Today:  Flat, Fried, Frayed, Frazzled, Frozen, Fractured, Fissured, Fatigued, Finished?  Oh, And Happy Thanksgiving! (November 20, 2023) in the current post-Covid climate.

The “Less Government Regulation” Series posits examples where government regulation may suffocate and free markets may suffice.  An e-commentary in the series in 2009 advocates for regulation of Google/Alphabet in an economy that is now pockmarked by monopolization of every industry in America.  Subsequent e-commentary challenges the overweening role of the Frightful FiveFacebook, Amazon, Apple, Google/Alphabet and Microsoft.  A half dozen megabanks and six media conglomerates control and manage our money and our minds.  In an economy without any price discovery, the completion of the “General Theory of Economics” is forced into remission.  The need for free markets is discussed at We Need Free Markets.  Oh, And Happy Fourth! (July 3, 2023).

The “Boycott” Series suggests that readers treat dollars like votes in the marketplace and use them to support and reject policies and activities.  An e-commentary in the series in 2008 proposed a boycott of Facebook because it and the other tech beasts and behemoths are not friendly.  Boycotting the only supplier of an essential good or service is problematic and is addressed.  An e-commentary in 2011 proposed boycotting big banks and depositing funds in and supporting local credit unions.  An early e-commentary in 2006 implores the reader never to boycott and always to buy into the franchise, even if voting appears to and may be futile in a country with only one political party, the War and Wall Street Party.  The notion of purposeful boycotting undergirds the discussion in Read, But Don’t Read (June 26, 2023).

The “First Monday In October” Series debuted in 2010 with a discussion of “strict constructionism/originalism” in the context of gun control that should resolve the debate over the proper paradigm for all and once.  Subsequent e-commentary in the Fall series provides insight into the Supreme Court, courts and the state of the law, justice, crime and punishment in America.  The emerging irrelevance and illegitimacy of the current Supreme Court is discussed for the first times in 2011 and then in 2012 and developed in subsequent e-commentary.  Regular visits to the Supreme Court to observe the hired help further inform the analysis in the draft “Treatise on Law” now on hold.  A few issues are discussed at The Government Stumbles; The Judicial Legislature Rumbles (October 2, 2023).  Last year, some trends are noted in First Monday In October:  Dos-à-dos (October 7, 2024).  This year, Trump was in the news and at the Court during the First Monday In October (October 6, 2025).

The “Graduation Advice” Series is inspired by the national treasure “Wear Sunscreen” crafted by Mary Schmich and proposes pithy advices for graduates of school and participants in life.  Advice was dispensed in 2016, 2017, 2018, 2019, 2020, 2021, 2022 (Graduation Advice:  Transcend:  Maintain FL 44; Make A Few Discrete Dives And Diversions To TPA (Traffic Pattern Altitude) (May 16, 2022)), 2023 (Graduation Advice:  Find The First Amendment (May 15, 2023)), 2024 (Graduation Advice:  Plant A Garden (May 13, 2024)) and 2025 (Graduation Advice:  Do Something, Anything (Good) (May 12, 2025)).

The greatest threat to the Planet may be the threat to the Planet.  However, the plausible challenges to the Anthropogenic Climate Change theory must be acknowledge and addressed.  Posed and poised and poisoned by Man.  [Wo]Man versus [Mother] Nature?  Plastics and plutonium versus People?  Is Man the mortal enemy who must be contained by whatever means?  Is a carbon fee and dividend program the long-shot market-based solution possibly capable of salvaging the vulnerable blue marble

Over the years other e-commentary reviews everything from the human causes to the economic consequences of actions and inaction.  e-commentary addresses everything from philosophy to foreign policy to domestic polity; from the intertwined 3Es (from energy to environment to economics); from war to war to war; from sports to technology to society; from race to class to gender; from guns to gold to the Great Wall of Canada; from war to war to a possible antidote to war; from newspapers to the press/media to journalism; from the First Amendment, to the Second Amendment, to the Third Amendment, to the Fourth Amendment, to the Eighth Amendment, to the Balanced Budget Amendment and to the Term Limits Amendment; and from A – (AIIB, CFETS, CIA, CIPS, FBI, FDIC, IMF, INE, LIBOR, MICAC, NATO, NPR, NSA, SDR, SWIFT, TARP, USA PATRIOT ACT, ZIRP) Z. 

After considerable thought and development, the “Awards and Incentives Project” rolled out and now includes four annual awards with others under construction.

The “Cameo In Courage Award” challenges the award given by the establishment to other members of the establishment.  Society needs an award that rewards those who are truly courageous.  Awards were made in 2016, 2017, 2018, 2019, 2020, 2021, 2022 (Cameo In Courage Award Nominee: Julian Assange (January 31, 2022)), 2023 (Eighth Annual “Cameo In Courage” Award For 2023 (May 22, 2023)), 2024 (Ninth Annual “Cameo In Courage” Award For 2024 (May 20, 2024)) and 2025 (Tenth Annual “Cameo In Courage” Award For 2025 (March 31, 2025)).

The “Noble Prize In Eco-nomics” identifies those who develop and advance eco-nomic ideas to promote the public weal and the common good.  The award serves as a challenge and counterpoise to the “Nobel Prize In E-con-omics” awarded by the Swedish Central Bank to those who advance ideas that promote the interests of the wealthy and well-connected.  Awards were made in 2016, 2017, 2018, 2019, 2020, 2021, 2022 (Seventh Annual Noble Prize In Eco-nomics (October 10, 2022)), 2023 (Eighth Annual Noble Prize In Eco-nomics (October 16, 2023)), 2024 (Ninth Annual Noble Prize In Eco-nomics (October 14, 2024)) and 2025 (Tenth Annual Noble Prize In Eco-nomics (October 13, 2025)).

The “Noble Prize In Jurisprudence” celebrates the work of someone who really knows something about jurisprudence and the impact of courts, judges, lawyers and police on the lives and livelihoods of ordinary citizens.  The award recognizes a person who or institution that lives the conviction that men and women should establish and respect some norms and standards that are promulgated clearly to all and enforced equally in favor of and against all.  Awards were made in 2016, 2017, 2018, 2019, 2020, 2021, 2022 (Seventh Annual Noble Prize In Jurisprudence (October 17, 2022)), 2023 (Eighth Annual Noble Prize In Jurisprudence (October 23, 2023)), 2024 (Ninth Annual Noble Prize In Jurisprudence (October 21, 2024)) and 2025 (Tenth Annual Noble Prize In Jurisprudence (October 20, 2025)).

The “Pushitzer Prize In Commentary” honors inspiring and inspirational writing that does not necessarily reflect the dominant viewpoints and worldviews.  Awards were made in 2016, 2017, 2018, 2019, 2020, 2021, 2022 (Seventh Annual Pushitzer Prize In Commentary For 2022 (May 9, 2022)), 2023 (Eighth Annual Pushitzer Prize In Commentary For 2023 (May 8, 2023)), 2024 (Ninth Annual Pushitzer Prize In Commentary For 2024 (May 6, 2024)) and 2025 (Tenth Annual Pushitzer Prize In Commentary For 2025 (May 5, 2025)).

The “Happy Day” pronouncements are a nod to a public event with, at times, a slightly wry twist and, hopefully, sans sarcasm or scorn.  

e-commentary provided first–hand on–the–ground dispatches from the March for Women, the March for Science, the March For Our Lives and the April 19 March. Lists of the clever and inspiring signs sported by participants are noted.  We march on.

The requisite moving and stirring memoir is now available.  The book tour is still not yet booked.  However, although “Analog Knowledge Devices (“AKD”)” will soon be worth their weight in gold, this production saves paper and is only available e-lectronically.     

 Over the years, a menagerie of speakers and characters such as “A” / “B” and “GO1 [Gun Owner1]” / “GO2 [Gun Owner2]” and “3” / “6” / “9” among others debuted and debated issues.  In recent years, “J” and “K” emerged as the primary characters in the ongoing dialogue and debate. The events of the last five years have bitterly divided the two of them, however the recent antics of the Supreme Court have “J” and “K” back on the same page on some issues.

The “Bumper sticker of the week” started out as a spoof on the shallow and callow “bumper sticker” nature of our public discourse and became the playful signature sign off concluding each piece every week.

Looking back, the undertaking is an extended serialized novel about life on this planet and the American experience presented in a series of weekly poems developed through dialogue that allows all of us in some small way possibly to . . . immanentize the eschaton

. . .

Bumper stickers of the week:

What would you attempt to do if you knew you could not possibly succeed under any circumstances?

“Do.  Or do not do.  There is no try.”  Yoda  [Yet this confident attitude precludes critical risk-taking necessary for one to succeed at a long-shot undertaking.]

“Not being heard is no reason for silence.”  Victor Hugo, Les Misérables

“It doesn’t require many words to speak the truth.”  Chief Joseph

Otter:  “I think this situation absolutely requires a really futile and stupid gesture be done on somebody’s part.”     Bluto:  “We’re just the guys to do it.”  “Animal House” (1978)

“It is clear that thought is not free if the profession of certain opinions makes it impossible to earn a living. It is clear also that thought is not free if all the arguments on one side of a controversy are perpetually presented as attractively as possible, while the arguments on the other side can only be discovered by diligent search.”  Bertrand Russell, Skeptical Essays

“Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it.”  Thomas Paine

“The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.”  Marcus Aurelius

“You do not merely want to be considered just the best of the best.  You want to be considered the only one who does what you do.”  Jerry Garcia

Think big, think long.

An Ill And Ill-Mannered America?  Oh, And Happy Whatever Day You Celebrate! (December 22, 2025)

Posted in Culture, Society on December 22, 2025 by e-commentary.org

. . .

K          “Most Spanish speakers respond to ‘gracias’ with a dismissive ‘de nada’ that often terminates the exchange.  In Costa Rica, they affirm life with a robust ‘con mucho gusto’ in response that is so much more effervescent.”

J          “Go for the gusto.  Our gusto is gone.  We need someone to go for it.”

. . .

J          “Everything is so coarse and so crass, so gaudy and so garish.  Makes me want to duck and cover.  Yet that response is all part of the plan to confuse and confound.”

. . .

K          “Even the purportedly mannered class is profoundly ill-mannered today.  Although they would fancy themselves the cultured intellectual elite, they are charter members of the new American Parvenu PMC.  Unaware that they are unaware.  And ill-mannered and insecure.  But yet ever obedient and subservient to authority.”

J          “We are all just acting.  At least those who feign insouciance may harbor a scintilla of awareness and know they are just acting and cosplaying.”

. . .

J          “Everyone is on edge.”

K          “Everyone is on the ledge.”

. . .

J          “Everyone is angry and bitter.”

K          “Everyone is bitter and angry.”

. . .

J          “Everyone in America is in a fetal position trying to guard against external threats.”

K          “I found a yellowed paperback copy of Future Shock and realized that the ‘information overload’ discussed then is now turbocharged and includes too many cultural and social shocks for the body politic to absorb.”

. . .

K          “When they call up and are sweet and smarmy, they have done two rare and endangered things today.  Respond.  And pretend to be nice.”

J          “And ask for free legal work.”

K          “Yup.  I  am immediately on notice.  Seems that those are the limits that nature fixes for human conduct.”

J          “It really is hard for people who are so disconnected and disjointed to connect and join with each other.”

. . .

J          “One lad displaying a ‘Kill Them All, Let God Sort Them Out’ bumper sticker on his rig was brandishing a tire iron because of some perceived slight by a guy sporting a ’Coexist’ bumper sticker on his ride while both waited in a short line for gasoline that was in unlimited supply.”

K          “Just wait until the supply of gasoline is in limited supply.  Then the percolating despair and ill manners will emerge and erupt and ignite and inflame.”

J          “And give them a few minutes to get out on the highway and really act up and act out their anger and bitterness.  They did thoughtfully contribute two more bumper stickers of the week in one day displayed in the same venue.”

. . .

J          “The cascading events are bigger than even Trump realizes.  He is out front providing daily examples of the coarse and the crass, the gaudy and the garish.  That must be leadership today.  It is who he is and what he does.  It is his business plan.  He is really of his time and defining his time.”

K          “The Trump Epoch.”

J          “The Trump Apocalypse.  Someone should keep track of everything he is putting his name and his stamp on and even note the postage stamp that he puts his visage on and ‘de-louse’ the country as soon as possible.  Someone should establish the ‘National Commission To De-louse The Country’ of the Trump parasite as soon as he is out of office.”

. . .    

J          “I do hope you find some peace and solace this holiday season.”

K          “And solace and peace to you.  I wish that a mere pronouncement would make it possible.”

. . .

[See the e-commentary at Graduation Advice:  Do Something, Anything (Good) (May 12, 2025), Everything Is Still A Fight Today.  Oh, And Happy Civic Holiday (Canada)! (August 4, 2025), “Everything Is A Fight Today.” Please répondez s’il vous plaît. Oh, And Happy Solstice! (June 17, 2024), Edward Hopper:  The Mirror For Our Age (January 22, 2024), The Other Sabot To Drop (April 18, 2022),  Weaponizing Turn Signals (September 19, 2022) and We Ain’t Ants; We Are Grasshoppers (April 9, 2012).]

Bumper stickers of the week:

Por favor

Con mucho gusto

De nada

Buenos Dias

Buenas Tardes

Buenos Noches

Perdón

Coexist

Kill Them All, Let God Sort Them Out

Happy Winter Solstice

Happy Holidays

Think Narrowly, Bomb Locally?  The Current War Policy (December 15, 2025)

Posted in China, Russia, War with tags , , on December 15, 2025 by e-commentary.org

. . .

K          “December is the month that the President drops the current war policy on the nation.  The ‘National Security Strategy’ really reveals our national insecurity.”

J          “Each year they annually drop the bomb on America.  The new focus is still opaque and myopic.”

. . .

K          “He is not really fundamentally different.  The U.S. continues to be at war with the world in as many places in the world as possible all the time.”

J          “China and Russia are not given enough attention.  Looking inward does not relieve one from looking outward.  China is the 800 lb. panda in the room.”

. . .

K          “Trump seems to be shifting national defense priorities to the Western Hemisphere.  Trump may start another war closer to home.”

J          “The mess in Venezuela of course is not what it seems to be.  They are fighting over oil and resources and politics not drugs and may soon see themselves in a fight with China.”

K          “The U.S. could get in a war with China in Venezuela or in Taiwan or in the Ukraine.  China knows that if Russia loses to the U.S. in the Ukraine, then China is next.”

J          “China will take one of the small Taiwanese islands near China and gauge the response.  That will be the tell.”

. . .

K          “My overriding concern is that China may decide not to provide the U.S. with the rare earths and other minerals including silver and other resources and products necessary for the U.S. to fight China.”

J          “That would be unsporting but not surprising.”

. . .

K          “The whole world is a powder keg.”

. . .

Bumper stickers of the week:

Give war one more chance

K:  Dragon < Eagle > Bruin; Dragon + Bruin > Eagle; Eagle + Bruin > Dragon

J:  Panda > Eagle

Silver As The Canary In The Economic Mine (December 8, 2025)

Posted in Repurchase Agreement, Silver, Treasury, World's Reserve Currency on December 8, 2025 by e-commentary.org

. . .

K          “Something is up.”

J          “The price.”

. . .

K          “Its use as both an industrial metal and a precious metal positions it as a valuable and insightful barometer of economic events.”

J          “The Chinese and the British have always liked the stuff as money.  Industry also likes the metal.  Semiconductors, EVs and other clean energy production require the real thing and cannot be papered over with paper deliveries.”

K          “Someone with some insight believes that the supply of industrial silver metal may not meet the demand in the next year.”

. . .

K          “De-dollarization is quietly moving forward.  The dollar is slowly but measurably slipping as the world’s reserve currency while the U.S. Treasury Instruments are slipping as the world’s reserve asset.”

J          “Everyone has reservations about the U.S.  In a subtle way, the dollar as the ‘medium of exchange’ and the ‘unit of account’ and the UST as the ‘store of value’ are all threatened.”

K          “The sale of gold and silver at Costco is a palpable reveal.  Some fortunate little people are following the lead of the big banks and the central banks.  The people realize they need something real as a store of value.”  

. . .

K          “The decision by the Biden Administration to steal Russian assets in contravention of every legal convention and every economic conviction was an economic and political nuclear bomb dropped on the world.  The world realized what the world always suspected.  The United States is the suspect. The United States cannot be trusted.”

J          “Trust today is almost no longer even a theoretical construct.”

. . .

K          “This thing known as the Japanese carry trade seems to be blowing up, but I do not understand all the implications.”

J          “The thing known as the Repurchase trade seems to be blowing up, but I do not understand all the implications.”

. . .

K          “Do you believe there was a power outage at the CME that interrupted trading?”

J          “Not a chance.  Things were getting out of control.  So they pulled the plug.  They pulled the power when they realized they were losing power.”

K          “The plug may be pulled again.”

J          “They are losing power.”

. . .

K          “There sure are fractures and fissures in the economy.”

J          “Stay tuned.”

. . .

[See“Model Collapse: The Entire Bubble Economy Is a Hallucination” By Charles Hugh Smith dated December 3, 2025 in “www.oftwominds.com.”] 

[See the e-commentary at Too Much Dirt; Too Few Rugs. Repurchase Agreements (September 23, 2019) noting the trouble in the market for Repurchase Agreements in real time in September of 2019, Holographic Treasury Rates?  The 500 Trillion Asset Steal?  And Then The Great Taking?  Oh, And Happy IRS Day! (April 14, 2025) venturing that the government could simply pretend and report that it found buyers for the Treasuries, “De-Dollarization” Is The Word Of The Week.  And The Development Of the Year. (April 24, 2023) on a slow but growing transition, Not World War Tres.  Again.  The U.S. Declares War On Russia.  Again.  Oh, And Happy Thanksgiving!  Again. (November 25, 2024), Portentous Developments In 2022? (January 23, 2023), Sanctions, Supply Chains And World War E (March 7, 2022) and World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014).]

Bumper stickers of the week:

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

“To be an enemy of America can be dangerous, but to be a friend is fatal.”  Henry Kissinger

Financial disclaimer.  e-commentary and e-commentary llc are not engaged in rendering legal, tax, or financial advice or services via this website.  Neither e-commentary nor e-commentary llc are financial planners, brokers, or tax advisors.  The website is intended only to assist you in your financial education.  Your personal financial situation is unique.  Any information and advice obtained through this website may not be appropriate for your situation.  Accordingly, before making any final decisions or implementing any financial strategy, you must and shall consider obtaining additional information and advice from your lawyer, accountant or other financial advisers who are fully aware of your individual needs and circumstances.

Microplastics (December 1, 2025)

Posted in Plastic on December 1, 2025 by e-commentary.org

. . .

J          “They are floating around in our brains and floating around in the oceans.  The floating plastic land masses in the oceans will soon be given names as emerging continents.”

K          “With the forever chemicals in our environment, we are under constant assault forever.  Almost every other foreign object in the body can be targeted for removal biochemically, yet the plastics are only moved around in the body and then lodge in the organs.”

J          “Mark my words we will soon find the average lifespan for every human being going markedly down.  And the quality of life going markedly down.”

K          “We are going down.”

. . .

[See “This Is Your Brain on Plastic, a Literature Review” by Benjamin Bartee in Armageddon Press dated November 25, 2025.]

[See the e-commentary under the Category Plastics.]

Bumper sticker of the week:

“We have met the enemy and he is us.”  Pogo