Archive for the Book Reference Category

China:  “The Silent Takeover” Overtakes Silently.  Oh, And Happy Chinese New Year! (February 4, 2019)

Posted in Book Reference, China, Climate, Collapse, Global Climate Change, Limits To Growth, Russia on February 4, 2019 by e-commentary.org

. . .

J          “Global climate change, as a product and by-product of human activity and avarice, is the greatest threat to the Planet.  China, particularly affiliated with Russia and other countries, is the greatest threat on this threatened Planet to the U.S. and thus to the West.”

K          “That does make you wonder who the bachelor will pick this week.  The lethargic but lovable American people are in many ways the greatest threat on this threatened Planet to the threatened U.S.”

J          “The Chinese and their colleagues and cohorts are snatching the mantle and the future from the West in plain sight, yet the theft is unseen and unknown by most Americans.” 

. . .  

J          “China has many if not most of the rare-earth elements on Earth under control or contract.  China has a substantial horde of gold and silver in hand not under contract.  China has growing hordes of hungry consumers who could drive the Chinese economy into prosperity or drive the Chinese economy into penury . . . or a mix of both.” 

K          “China continues to colonize Africa economically not militarily.  China is following the Western play book developed and delineated in Confessions Of An Economic Hit Man, the economic and financial equivalent and update of a Chinese creation, The Art Of War.  China is manufacturing indentured servants and vassals throughout the world.” 

J          “The ‘Hit Man’ preyed on Latin America.  China has investments in Venezuela and may not cotton to the U.S. stealing its oil and the gold.  The flash point may not be in Asia.”

. . .

J          “Chinese authorities can flip a switch and trip a chip nestled in any random grid-tied solar panel and trigger a systemic grid shutdown . . . and only by lifting a finger.  China may be able to monitor conversations in subway cars.  China has stolen intellectual property and yet now just buys the companies and acquires the technology.  China can do things we do not even know they can do.”

. . .

K          “Three decades ago, friends parked their BMW rig at the airport on their way to China and returned to share pictures of people pulling and riding rickshaws.  Now the Chinese are driving the BMWs.  There simply are not enough resources on the threatened Planet to allow Americans to continue driving BMWs.  We must turn over the keys and share the resources.  America must now take its turn at the wheel pulling and riding rickshaws.”

J          “I see it.  In short order, there will be an ad for ‘Rick’s Rickshaws.  The Best in the West’ advertised during the Stupor Bowl.”    

. . .

K          “The world knows where this is heading and how this ends.  The first worldwide vote in the history of humankind to determine the ‘Empire of the Future’ was conducted and completed in 2015 with the most lopsided outcome in the history of humankind.  China was endorsed and embraced by the whole world; U.S.A. was shunned and sidelined with a few stragglers.”

J          “It was not a plebiscite because the plebes did not vote.  It was an elitescite because only the elite voted.  And they voted clearly and loudly and in their interest.”

K          “America was in first place among the losers.”

J          “America was the runner up and is out of the running.”

. . .

J          “We are in trouble.  Big trouble.  Big.  Big.  Trouble.”

K          “We can scribe tomorrow’s history in today’s journals not as history happens but before history even happens.  In real time.  Today’s Toynbee.  Gibbon.  Spengler.  Bachelorette number 3, I say.”

J          “We do not know it and we do not get it.”

. . .

[See the article titled “The Big Hack:  How China Used a Tiny Chip to Infiltrate U.S. Companies” in “Bloomberg Businessweek” magazine by Jordan Robertson and Michael Riley dated October 4, 2018, “Clandestine Chips Are The Perfect Hack And Technology Needs To Catch Up” in “Forbes” magazine by Anna-Katrina Shedletsky dated October 4, 2018, “Senators urge Metro to guard against Chinese spying in new subway cars” in “The Washington Post” by Robert McCartney dated January 19, 2019 and the poetic challenge by Greta Thunberg to the Davos crowd and the crowded denizens of the world on January 25, 2019.]

[See the discussion between an old Chinese party official (C1) and a young comrade (C2) eight years ago transcribed in an earlier e-commentary at “The Silent Takeover (May 23, 2011)” reprinted below; a discussion by two concerned American citizens, A and B, regarding the results of the election to determine the ‘Empire of the Future’ in “AIIB:  China: 1; U.S.A.: 0? (April 6, 2015)”; and an architectonic analysis of the world situation at “The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018)” that includes many links to other commentary and previous e-commentary.]

Bumper stickers of the week:

We.  Are.  In.  Big.  Trouble. 

The year of the pig

Pigs get fat, hogs get slaughtered

The Silent Takeover (May 23, 2011)

. . .

C1      “Take over America.  Of course we are.  You say that you have a better plan, comrade.”

C2      “The primary lesson of the Twentieth Century is that it is easier to take by investment than by invasion.”

C1      “Clear thinking, little butterfly.  Invasion is costly and ineffective.  Invasion only assists the defense industry.  You can eat butter; you can’t eat a gun.  We focused our spending on efficient invasion technology.  We are letting the Americans spend on offensive technology to allow them to go bankrupt.”

C2      “They are already bankrupt.”

C1      “They are.  They are also too big to fail, but not too big to own and operate efficiently.”

C2      “Increase the purchases of t-bills and t-bonds by another fifty percent to a holding of 1.5 Trillion U.S.  They will be worthless, but they are one of the tickets to control.”

C1      “We will decide what they are worth later.”

. . .

C2      “America has an unproductive class of third-rate minds and fifth-rate characters who suck staggering amounts of money without contributing anything of value.  They are identified as CEOs, CFOs, COOs, and their like and ilk.  They run companies and run them into the ground.”

C1      “Comrade, we plan to teach them how capitalism really works.  Survival of the fittest.  They are not fit.  They will not survive.”

C2      “They do not have a working market for talent at the top of American corporations.  The market is broken . . . and fixed.  The brigands and hooligans run the companies.  The American schooling institutions feed and fuel the broken market.”

C1      “The brigands and hooligans will be fixed like the mongrel dogs they are.  They will be sent to regional re-education camps . . . to be re-educated.”

C2      “Were they ever educated?”

C1      “Very good.  You will go far.  What about the cyberfun we are having with them.”

C2      “You should taunt them with simple technology and gauge what they have to combat the efforts.”

C1      “We can send a message internally to the Seventh Fleet to ‘stand-down’ at any time that looks like it is one of their own.  We can even send a message to have the crew stand on their heads.”

C2      “We can?  What will you do with the people?  The people do not produce.”

C1      “We provide the goods and the money to buy the goods for now.  They will be allowed to consume as long as it is in our interest to allow them to consume.”

. . .

C2      “We have our own domestic problems.”

C1      “Not if we don’t acknowledge them.”

C2      “Look at the problems we don’t acknowledge.”

C1      “Who asked you?”

C2      “Our comrades are becoming . . . filthy running dog consumers.  We are creating our own mess.”

. . .

C2      “I have another plan.  What if we tried to work with them?  Why don’t we have a beer with Gary.”

. . .

Bumper stickers of the week:

Is it possible to go through the day and encounter something or anything not made out of oil and not made in China?

Gary Locke – nominated to be the Ambassador to China.  O’Bama’s most astute and foresighted appointment.

The Promise Of AI (Artificial Intelligence) (August 20, 2018)

Posted in Artificial Intelligence (AI), Book Reference, Collapse, Energy, Environment, Movie Reference, Society on August 20, 2018 by e-commentary.org

. . .

K          “The inevitable consequence of Artificial Intelligence (AI) is the greatest science fiction cautionary tale of our time . . . and of all time.”

J          “We will know we have truly created Artificial Intelligence when AI either eliminates Homo sapiens from the planet or culls almost all but a few select Homo sapiens who are then kept on a very short and easily retracted leash.”

K          “Clearly that is the definition of Big ‘I’ Intelligence.”

J          “In the interim, we should try to create Big ‘R’ Intelligence.  Real Intelligence.”

K          “When you think about it, Real Ignorance has not been all it is cracked up to be.”

. . .

[See the movie “Colossus:  The Forbin Project” and the novel “Colossus” by Dennis Feltham Jones (as D. F. Jones) for a more benign vision that involves a supercomputer preventing us from killing each other directly through war rather than indirectly but very effectively through our current life styles.]

[See the e-commentary at “Save The Planet; Save The People?  Oh, And Happy Earth Day! (April 23, 2018)” and the many other e-commentary linked there.]

Bumper stickers of the week: 

There is no PLANet B

Today’s science fiction is tomorrow’s science fact.

On Writin’ And Livin’ And Laborin’ (September 4, 2017)

Posted in Book Reference, Society, Work, Writing on September 4, 2017 by e-commentary.org

. . .

W2       “Seems to me that one is best advised to ‘Live life’ first and foremost.  If the writing thing does not work out, then one has lived life.  If the writing thing does work out, then one can write about the life one has lived.”

W1       “And about the things that terrify you and satisfy you and mystify you and pacify you.”

. . .

W2       “Live and write.  Write and live.  Works for me.  Plays for me.”

W1       “Is writing also living?  . . .  He not busy writing is busy dying?”

W2       “Works for me.”

W1       “Play is for me.”

. . .

[Labor Day]

[See the e-commentary on the art and craft of writing at “Writin’ (February 17, 2014)”, the longing to write at “Writing The Long Song (September 26, 2011)”, the absence of standards and quality today at “On Standards & Quality (July 20, 2015)”, the love of ideas at “A Nerd You Know You Are (June 7, 2010)” and the role of the thinker/writer at “Contrarianism, Revisionism and Iconoclasm:  On The Path To Truth Or Trailing The Truth? (September 19, 2016)” among other e-commentary.]

Bumper stickers of the week:

Live life; life lived

Live Life and Die Death;

Don’t Live Death and Die Life.

Live to learn; learn to live

“The fear of death follows from the fear of life.  A man who lives fully is prepared to die at any time.”  Mark Twain

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

The “I” Gene; The “We” Gene: Searching For The Genie In All Of Us (April 3, 2017)

Posted in Awards / Incentives, Book Reference, Community, Genetics, Genius, Song Reference on April 3, 2017 by e-commentary.org

. . .

K          “As the philosopher and geneticist John Prine observes, ‘You are what you are, and you ain’t what you ain’t’ in this life.”

. . .

K          “Someday someone will discover that each of us is born with either a dominant ‘I’ gene or a dominant ‘We’ gene.”

J          “The ‘Tom’ gene versus the ‘Huck’ gene.”

K          “The ‘Fear’ gene versus the ‘Hope’ gene.”

J          “The ‘Take’ gene versus the ‘Give’ gene.”

K          “The ‘Reagan’ gene versus the ‘La Follette’ gene.”

J          “The ‘Do not let them immanentize the Eschaton’ gene versus the ‘Do let them immanentize the Eschaton’ gene.”

. . .

K          “As the play plays out, epigenetics play a part.  We need to ‘mind our p’s and q’s’ and also mine our ‘a’s’ and ‘g’s’ and ‘c’s’ and ‘t’s’ for insight.”

J          “Nurture can temper nature.  A person with access to more resources is able, if so inclined, to give things away, material and spiritual.  A little more truck allows us to be a little more Huck.” 

K          “And yet Nature is providing all of us with dwindling resources.”

J          “So, if Tom is a huckster once in a while, is Huck a tomster once in a while?  . . .  No.  Maybe not.”

. . .

K          “So many of the events today are calculated and calibrated to induce fear and trigger the Tom and the Take and the Reagan gene in all of us.”

J          “Research is likely to be advanced if we elect politicians who believe in science and perhaps more importantly in the scientific method.  They should give a Crawfoord for any advance in understanding.”

. . . 

[See the e-commentary at “Immanentize The Eschaton.  Say What? (August 22, 2016)”, “Humanity’s Motto:  To Enslave And To Colonize (January 27, 2014)” and “A Taxing Explanation (August 22, 2011)” and the discussion of Martin Luther King’s famous Riverside Speech fifty years ago on April 4, 1967 at “Bush Escalates World War III (January 15, 2007)”.]

Bumper stickers of the week:

I, Tom, fear; We, Huck, hope.

I, Tom, fear and take; We, Huck, hope and give.

I, Tom, fear, take, vote for Reagan and do not let them immanentize the Eschaton; We, Huck, hope, give, vote for La Follette and do let them immanentize the Eschaton.

What if they made a “WePhone”?

“I Me Mine” Beatles (1970)

“America is, and always has been, undecided about whether it will be the United States of Tom or the United States of Huck.  The United States of Tom looks at misery and says:  Hey, I didn’t do it.  It looks at inequity and says:  All my life I busted my butt to get where I am, so don’t come crying to me.  Tom likes kings, codified nobility, unquestioned privilege.  Huck likes people, fair play, spreading the truck around.  Whereas Tom knows, Huck wonders.  Whereas Huck hopes, Tom presumes.  Whereas Huck cares, Tom denies.  These two parts of the American Psyche have been at war since the beginning of the nation, and come to think of it, these two parts of the World Psyche have been at war since the beginning of the world, and the hope of the nation and of the world is to embrace the Huck part and send the Tom part back up the river, where it belongs.”  George Saunders, “The United States of Huck” The Braindead Megaphone (2007).

“Moral certainty is always a sign of cultural inferiority.  The more uncivilized the man, the surer he is that he knows precisely what is right and what is wrong.  All human progress, even in morals, has been the work of men who have doubted the current moral values, not of men who have whooped them up and tried to enforce them.  The truly civilized man is always skeptical and tolerant, in this field as in all others.  His culture is based on ‘I am not too sure’.”  H.L. Mencken

USA + FRN/PD – – > IMF + SDR – – > NDB + UMU? The “Universal Monetary Unit” . . . Coming To a Planet Near You (January 2, 2017)

Posted in AIIB, Banks and Banking System, Book Reference, BRICS, CFETS, CIPS, Dollar - World's Reserve Currency, Gold, Gold Standard, Hyperdive Economic Collapse, International Finance, International Monetary Fund, Money, Petrodollar, SDR - Special Drawing Rights, Special Drawing Rights (SDR), Trade, Universal Monetary Unit, World's Reserve Currency on January 2, 2017 by e-commentary.org

. . .

K          “Remember way back on October 1 when the International Monetary Fund (IMF) implemented the modified composition of the Special Drawing Rights (SDR) that includes for the first time the Chinese Renminbi (RMB) along with the United States Dollar (FRN/PD), the Euro (€), the British Pound Sterling (£) and the Japanese Yen (¥) in the Great Valuation Basket?”

J          “Couldn’t forget.  To celebrate the transition, we got the entire day off.”

K          “The Federal Reserve Note/PetroDollar maintained its percentage share of the portfolio with the Euro, Pound and Yen yielding room for the new kid on the block.  The way I see it, the evolution of the SDR may be too slow for Brazil, Russia, India, China and South Africa (the BRICS countries) and other countries (the BRICS+ countries) and still leaves the FRN/PD as the world’s reserve currency.”

J          “They say more countries are getting cranky that the FRN/PD remains the mandatory currency peg for trade on the global market.  Last Thursday, the China Foreign Exchange Trade System (CFETS), the foreign exchange trading platform operator, announced that it is adjusting the way it calculates the CFETS Yuan Index which is a critical measure of the Yuan against a basket of currencies, starting yesterday.”

K          “And you got the entire day off.” 

J          “And today, for good measure.  They say that the USA will not allow the IMF to revisit the composition of the SDRs again for years.  The problem for the BRICS+ countries is that the United States has veto power over the composition of the SDR and will block any attempt to accelerate the transition to incorporate other currencies.”

K          “Think about this possible scenario.  The BRICS+ countries may make an end run and expand the mandate and activities of what is now known as the New Development Bank (NDB) and create a Universal Monetary Unit (UMU) constituted of the Chinese RMB, Russian Ruble, Indian Rupee, South African Rand, Brazilian Real, good old gold (Alpha uniform) and a smorgasbord of other currencies.”     

J          “While they are at it, the South African Kruggerand could supplant the Rand and serve as the gold component or part of the gold component.”

K          “Who knows, when they do that, you may get the week off of work.”

J          “Count me in and count me off.  And to provide for a smoother transition, include in the new generation UMU the current currencies in the SDR in diluted amounts.  A measured and gradual approach is prudent.  Interdependent economies and unintended consequences, you know.”

K          “While they are at it, they could go full in.  The Cross-Border Inter-Bank Payment System sometimes known as the China Interbank Payment System (CIPS) could develop into a comparable transnational multilateral payment system as a complement to and to compete with the Society for Worldwide Interbank Financial Telecommunication (SWIFT).”

J          “That’s exactly what I was going to suggest.  An economy needs a ‘thing’ to serve as money/currency/chits/script/wampum and a means to reconcile payments.  The BRICS+ countries have no reason to wait another half decade when they can do it themselves.”

. . .

J          “Or the BRICS+ countries may force the issue at the IMF meeting in Rome, District of Columbia on April 21 – 23.”

K          “And you will get at least two days off of work.”

J          “Can’t forget.  Stay tuned.”

. . .

K          “Someone surely has thought and wondered about these possible developments.”

J          “You think?  I wonder if anyone cares.  What’s on tv?”

. . .

[See the e-commentary at “The Mandibles, FRNs, SDRs, IMF, G20, WTD! (September 5, 2016)” and “Dollar – World’s Reserve Currency”.]

Bumper stickers of the week:

The “Universal Monetary Unit” . . . Coming To a Planet Near You

Paper [Money] Is Patriotic

Fight the War on Cash

 

Living In The “Peoplocene Age”.  The Inconvenient Truth:  Renewable Energy Is Not Sustainable; The Population Must Be Restrainable.  (December 12, 2016)

Posted in Book Reference, Carbon Surcharge & Dividend, Climate, Collapse, Consumerism, Environment, Gas/Fossil Fuel, Global Climate Change, Global Warming, Overpopulation, Peoplocene Age, Population, Society, Taxation, Technology, Water on December 12, 2016 by e-commentary.org

. . .

K          “It’s too late?”

J          “It is too late.”

. . .

J          “But we pretend and extend.”

K          “Get up, put on your socks, and soldier on.”

. . .

J          “We are producing far more babies than solar panels.  That scenario is not changing under any scenario.  There is very little hope, there is only collective delusion within the collective.”

K          “Ironic that so many will not acknowledge our global plight and others who will acknowledge our situation do not even acknowledge the underlying and overriding problem.  The ‘Peoplocene Age’ is upon us and we do not know it.”

J          “The ‘Peoplobscene Age’?  Too many people, too little planet.”

. . .

K          “The plebiscite on global climate destruction takes place in the specialized voting booths known as the maternity wards of the world one new voter at a time.  The votes are tallied every day, the voting booth never closes and the decision is unanimous and uncontested.  Everyone endorses global climate devastation one baby at a time.”

J          “We need to reduce the load.  Period.  The only viable solution is to produce fewer people not to delude ourselves into thinking we can produce more panels and power.”

. . .

K          “The inconvenient truth is that renewable energy is not the answer, now or in the long run.  If one honestly calculates all the costs including every opportunity cost, the total cost of renewable energy does not and never will pencil out.”

J          “My concern is that we are not allowed to provide that answer, so we are not allowed even to ask the question.”

. . .

K          “We are in the flood right now.  I don’t recall anyone in the movie even once mentioning overpopulation.  Go through the flick and replace the phrase ‘reduce fossil fuels’ with ‘reduce world population.’  The only sustainable energy policy is a people policy.”

. . .

J          “There are more neurosurgeons than skilled solar panel installers.  Americans contend in response that they can simply wave a wand and the problem is solved.  If the government – or the private sector with generous tax breaks, credits and deductions  – commits to training more solar panel installers, voila, we will have more solar panel installers.  But at what real cost?”   

. . .

J          “Those people who are here must reduce their load.  Period.  Everyone wants to live like they do in Bethesda-Chevy Chase; no one can sustainably live like they do in Bethesda-Chevy Chase.  The Republicans delude the populace that they can live the Bethesda-Chevy Chase lifestyle simply by demanding to live the Bethesda-Chevy Chase lifestyle.”

. . .

K          “The planet will support 500,000,000 souls comfortably and 5,000,000,000 souls uncomfortably.  We are grossly over gross.  Overpopulation is at the headwaters of all of our problems.”

J          “And first and foremost among the downstream problems is our growing inability to provide clean, available and affordable water.”

K          “We need to reverse the two trends.  We need to quit depositing more humans on the planet and quit removing other species off the planet.”

. . .

J          “Yet, by definition, it cannot be the biggest problem confronting humanity unless you use the word ‘terrorist’ to describe it.”

K          “Okay.  Fair enough.  We have overpopulated the planet with almost 7.5 billion precious little miracle . . . terrorists.  And the numbers are growing.  There you go.”

J          “That should work.”

K          “Almost 7.5 billion precious little miracle terrorists are pummeling Mother Nature with poison.  Then we sprinkle nuclear reactors around the planet that are finicky nuclear bombs waiting to be detonated by default.  Pull the plug on electricity, pull the pin on the reactors.  The nuclear reactors are weapons of mass destruction that will go off when they cannot get the electricity to stay on.”

J          “The mutant shall inherent the earth.  We allow one country to pour radiation into the Pacific Ocean day in and day out for over five years and create the world’s largest Superfund Site.  The grazing ground for sea critters is toxic.”

K          “The Pacific Ocean Superfund site and other ocean Superfund Sites also have massive gyres of poisonous plastic and detritus spinning around.”

J          “The ultimate inconvenient truth is that the entire Earth is now a Superfund Site.”

. . .

K          “What if the government only provided a tax deduction of ‘x’ for the first child and ‘1/2 x’ for the second child?  Or no deduction?”

J          “The hard simple truth is that little can be done to slow population growth.  The load has overloaded us.”

K          “A carbon fee and dividend program?” 

. . .

J          “With so many available bodies, there are so many opportunities for corporations to exploit the vast pool of desperate workers.”

. . .

K          “We have met the enemy and it is a little miracle terrorist.  It is us.”

J          “Mother Nature is the only adult on the planet.  She is growing impatient.  Soon she will intercede.”

. . .

[See Daniel Quinn from “What a Way to Go:  Life at the End of Empire” and his “Advice for Young People” at minute 48.  Try to find some joy in this life without deluding yourself.]

[See the e-commentary at “On Overpopulation (June 14, 2010)”, “Kids As Consumer Durables (August 6, 2007)”, “Global Environmental Something (February 16, 2009)”, “A Gentle Landing On Earth (August 1, 2016)”, “‘It’s Only A Rental.’ The Earth As A Cosmic Doormat.  De-Immanentizing The Eschation. (September 28, 2015), “Global Climate Craziness (GCC) and Taxation (March 23, 2015)”, “On Roiling And Rolling Collapse (March 9, 2015)” and “Over Over-Population:  10 Billion Little Miracles (And Counting) (And Costing) (January 26, 2015)”.]

Bumper stickers of the week:

“We have met the enemy and it is a little miracle terrorist.  It is us.”  Nogo

We need to reduce the load.  Period. 

Be fruitful and don’t multiply; multiple fruit fruitfully

Slow climate destruction; practice birth control

Too many live people; too few dead dinosaurs.  To say nothing of the too chilling consequences of burning the few available dead dinosaurs (or whatever spawns gas and oil).

Price carbon

Stay calm and price carbon

Panic and price carbon

Better never than late?

Preserve the Nest; at all costs.

The mutant shall inherent the earth. 

Too many people, too little planet

“Can you think of any problem in any area of human endeavor on any scale, from microscopic to global, whose long-term solution is in any demonstrable way aided, assisted, or advanced by further increases in population, locally, nationally or globally?”  Albert Allen Bartlett, Great Challenge

The Mandibles, FRNs, SDRs, IMF, G20, WTD! (September 5, 2016)

Posted in Book Reference, Collapse, Courts, Debt/Deficits, Dollar - World's Reserve Currency, Federal Reserve, Gold, Gold Standard, Guns, INFORM Act, International Finance, International Monetary Fund, Journalism, Money, Newspapers, Petrodollar, Press/Media, SDR - Special Drawing Rights, Silver, Silver Standard, Special Drawing Rights (SDR), World's Reserve Currency on September 5, 2016 by e-commentary.org

. . .

X          “Some of the folks at the G20 Summit may kick around the future composition of the ‘Special Drawing Rights’ that is emerging as the new world’s reserve currency.  The International Monetary Fund formally sets the composition of the SDRs, yet the major players gathered in China yesterday to discuss such matters.  A thing is now being described as a right.”

Z          “Sounds like they are creating a right to reach first for your gun.”

X          “Or they are sketching a new picture of the economic future based on rights rather than on power and circumstance.”

Z          “Or someone special who has been allowed to have the only gun in the great currency gunfight now must play well with others who are suitably armed.”

X          “Or the one with the big gun is now being disarmed.”

. . .

X          “Felicitous publication really.”

Z          “Timely, even.  The times they are changin’ the way we will make change in the near future.”

X          “In The Mandibles, Lionel Shriver adopts Keynes’ term ‘Bancor’ rather than the new age term ‘SDR’ to describe supplementary foreign exchange reserve assets.  As the U.S. Petrodollar slips as the world’s reserve currency and then as the dominant component of the SDR/Bancor, the United States people will slip to second-world status in the world.”

Z          “The way I describe it, when the Petrodollar is no longer the big dog, the United States is no longer the leader of the pack.”

X          “Prices will increase and perhaps double in short order before more structural disorder devolves.  Our McMansions still will sport baroque brushed nickel bathroom fixtures in the multiple bathrooms, yet in due course the water coursing through the corroding pipes will be increasingly intermittent and decreasingly safe.”

Z          “Many of us have those problems now while everything appears to be dory hunky.”

. . .

X          “Her description of the human consequences is very plausible, yet her explanation for the underlying causes is only partially complete.  Contemporary economic doctrine is exposed as voodoo and a specious secular religion that rationalizes those in power acquiring and retaining wealth.  The entitlement Ponzi scheme receives appropriate blame.  The pernicious involvement of the Federal Reserve is alluded to obliquely, yet the entrenched corruption and incompetence in every quarter are not addressed.”

Z          “She does not describe the institutions that are failing systematically and simultaneously.  Congress, courts, executives and executive agencies, bureaucrats, universities, news outlets, parents, preachers, prophets, you name it.  At some time, a fragile, fractured, fissured and fundamentally weak system of manipulation and intervention will fail with consequence.”

X          “She does observe that the traditional news fashioners are defunct.”

. . .

X          “‘The Chip’ is first described in an e-commentary titled ‘Monitoring The Masses:  The Card And The Chip’ published on January 12, 2015.  She further develops the human impact of implanting ‘The Chip’ to control and corral the masses.  ‘The Chip’ is so much more efficient and effective than the corn chip and football at sating the populace.”

Z          “‘The Chip’ is an electronic lobotomy that is more powerful, pervasive and perverse than fear or drugs.  Technology saves us.  I think that is what one would conclude.  Surely.”

. . .

X          “An empire cannot continue to mimeograph a fiat currency and force it on the rest of the world at great cost and consequence to the rest of the world without the rest of the world demurring at some point.”

Z          “And the rest of the world is becoming restive.”

X          “They are issuing SDR-denominated bonds.”

Z          “And they are selling oil without even acknowledging the Petrodollar.”

. . .

X          “In her novel, the U.S. government confiscates gold and disregards even basic civil liberties while confiscating the yellow stuff.”

Z          “Survey the universe of commentary on the subject and you discover that no one has ever even questioned that the government will confiscate gold when the stuff competes with the fake stuff.”

X          “The people of the United State of Nevada who seceded from the dysfunctional disunion agree that it is ‘dumb’ and ‘arbitrary,’ but they base their currency the ‘Continental’ on the gold standard.”

Z          “She does not see that the government would have eliminated cash of any kind years or decades earlier.”

X          “That is one of the harbingers of great danger.  When the government outlaws or confiscates Au, Ag, Fe, Pb, or even worthless fiat cash, the end of civil rights and civil liberties is near.”

Z          “Or here.”

 . .

[See the e-commentary at “Monitoring The Masses:  The Card And The Chip (January 12, 2015)”, “Brave 1984 Farm:  The Best Of All Possible Worlds (March 19, 2012)” and the e-commentary on the institutional distractions in our society at “Foot Longs and Football (September 2, 2013).”]

Bumper stickers of the week:

G20 > G7; SDR > FRN; World > USA   

In the intermediate run, a Kleptocracy is unsustainable.