Archive for the China Category

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

The Percolating Middle East (February 22, 2016)

Posted in China, Dollar - World's Reserve Currency, Iran, Iraq, Middle East, Russia, Syria on February 22, 2016 by e-commentary.org

. . .

8          “On one side you have Saudi Arabia, Qatar, Turkey and the soldiers from the Sunni region of Iraq with some of its members d.b.a. (doing business as) ISIS or ISIL or IS.  They are the ‘Sunni Squad’.”

7          “Yet Saudi Arabia and Turkey really do not like each other.”  

8          “They just hate each other slightly less.  On the other side, you have Syria, Iran, Russia and the Kurds in the region who hate Turkey.  They are loosely the ‘Shiite Squad’.”

. . .

7          “Turkey has cited Article 5 of the North Atlantic Treaty and demanded that an attack on one member is an attack on all members.  Thus, Turkey contends that NATO nations must come to its assistance.  Right.”

8          “And thus join the ‘Sunni Squad’ and assist ISIS or ISIL or IS.”

7          “Challenge Saudi Arabia and lose its support for the PetroDollar.  Without the PetroDollar, the United States slides into second world status.”

8          “Or join the Russian gang and ally with the ‘Shiite Squad’ which is likely to be the winner if there is a winner.”

. . .

8          “Now which squad is China supporting?”

. . .

[See the e-commentary at Seriously Sizing Up Syria Seizing Up (October 12, 2015).]

Bumper sticker of the week:

The enemy of my enemy is my enemy?

AIIB: China: 1; U.S.A.: 0? (April 6, 2015)

Posted in AIIB, Banks and Banking System, China, Dollar - World's Reserve Currency, Foreign Policy, International Finance, Money, SDR - Special Drawing Rights, Sports, Supernova Dollar on April 6, 2015 by e-commentary.org

. . .

A          “International March Madness, I say.  Tracking the bracket was an all-consuming delight.  Looks like the final score is a soccer score which is appropriate for an international vote after weeks of intense hardball lobbying.  But not as close as the likely score on the hardwood tonight.”

B          “1 to 0 is a soccer score, 40 to 0 is not a soccer score or a basketball score or a hardball score, it is a resounding shutout.  The Chinese AIIB Selection Committee is still selecting the Final Forty.  They say the Prospective Founding Members are in Division I and the Regular Members are in Division II.”

A          “The first plebiscite on a nation by other nations in history.  The world is weary of American hegemony.”

B          “And arrogance and dominance.”

A          “The vote was not an anonymous voice vote, the world spoke with one voice.  The roll call is deafening.”

B          “The World Bank and the International Monetary Fund (IMF) do not say ‘American Bank’.  The Asian Development Bank (ADB) does not say ‘Japan Bank’.  The Asian Infrastructure Investment Bank (AIIB) does not say ‘Chinese Bank’.  But it is clear what they say.”

A          “A pound to the penny that Great Britain and the City of London know a great deal and are quickly angling to be the player settling international accounts in lieu of the U.S.-dominated SWIFT.  The ‘special relationship’ between the U.S. and Great Britain is . . . so special.”

B          “Germany, France and Italy joined Britain and joined.  The ANZUS countries of Australia and New Zealand.  The Scandinavian countries of Sweden, Norway, Finland and Denmark.”

A          “Belgium of the BeNeLux countries did not submit an application although the Netherlands and Luxembourg did.”

B          “The three neutral ‘S’ countries during World War II including Sweden, Spain and the world’s banker Switzerland.”

A          “The BRICS including Brazil, Russia, India and perforce China, yet not South Africa apparently.”

B          “South Korea is on board but North Korea is jettisoned.”

A          “Vietnam and Iran and Saudi Arabia but not Afghanistan.”

B          “The PIiIGS are coming around including Portugal, Italy as noted, Iceland, possibly Ireland in the near future, and of course as noted Spain.  Greece is preoccupied.”

A          “Taiwan.  Taiwan.  China’s enemy is China’s friend.”

B          “Hong Kong.  Even Hong Kong.  China’s other enemy is China’s friend.”

A          “Tibet.  Still not free.”

B          “Israel.  Even Israel.  Oddly Israel.  America’s friend is America’s adversary China’s friend.”

A          “They say the enemy of my enemy is my friend.  Is it commutative?  The friend of my enemy is my enemy . . . or my friend?”

B          “A friend without benefits who get benefits?  It gets complicated.  Canada and Japan deciding not to join are revealing.”

A          “In contemporary culture, we are asked to ‘friend’ someone.  Nations have interests not friends.  Perhaps the United States needs to ask for other nations to ‘interest’ the U.S.”

B          “But they are interested in other national interests.”

A          “The Republicans in the U.S. oppose the 2010 IMF Quota and Governance Reforms and resist efforts to develop the Special Drawing Rights (SDR) to substitute as the world’s reserve currency in lieu of the U.S. petrodollar.  The AIIB will also settle accounts using something other than the SWIFT, the Society for Worldwide Interbank Financial Telecommunication, another institution dominated by the United States.  The world is developing a workaround and trying to quarantine the toxins in the current financial system.”

B          “The world is seeking free, fair and honest financial settlements.”

A          “The U.S. thought it could take their ball and go home, but instead of the world blowing up, the world blew up another ball.”

. . .

A          “Remember when we noted the ‘three principle products’ of a country in school.  In the past, the U.S. exported the Marshall Plan, the Berlin Airlift, and the Peace Corps.  Today, the United States exports phony dollars, toxic inflation and endless wars.”

B          “Many countries just are not interested in participating in the American Dream any longer.  However, the vote is less one of disdain for the U.S. than fear if the current contagion is not corralled.”

. . .

A          “If you can’t beat ‘em, join ‘em.”

B          “And the U.S. did not join.”

A          “The percolating world instability will lead to money flowing into the dollar for some time until the world refuses to import American dollars and American inflation and dooms the dollar.  The Supernova dollar.  The big bet is predicting the peak.”

B          “China is positioned to buy gold priced artificially low by the West and then revalue the gold and demand that the yellow stuff be included in the SDR, directly or indirectly.”

. . .

A          “I am betting dollars to doughnuts the Chinese will display the same arrogance and dominance in operating their racket.”

B          “The same incompetence and decadence.  The same new, same new, as they say.”

. . .

A          “And the changes will not even be understood by Americans even after the full force of the changes washed ashore.  Except when they go to buy a plasma tv and scope out the sticker.”

. . .

[See some background discussion at http://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank and http://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication.%5D

Bumper stickers of the week:

The central message of the Twentieth Century is that it is easier to take by investment than by invasion.  Neither “I” in AIIB stands for ‘Invasion’.  The United States still embraces the old paradigm of “bomb and kill and kill and bomb.”  Diplomacy is war carried on by other means.

Copies of the debate in each country discussing whether to join the AIIB are a rich trove of insight.

“Grexit”, “GrexEUnt”, Percolating Problems: PIIGS, BRICS, EU, EC, ECB, IMF, NATO, WTO, WAR (February 23, 2015)

Posted in Banks and Banking System, China, Greece, International Finance, Iran, Russia, Sports on February 23, 2015 by e-commentary.org

. . .

1          “‘GrExit’ admixes ‘Greek’ with ‘exit’ and may be the ‘Portmanteau Word of the Year for 2015’.”

2          “Or 2016?  Who knows.  They are punting and kicking.”

1          “What about ‘GrexEUnt’ for the ‘Greece’ ‘exeunt’ from the ‘EU’ because the dancing is so dramatic?  Devastating to stay, devastating to go.  So we Do-si-do and around we go.”

. . .

1          “Two prize fighters are circling each other warily, a flyweight versus a heavyweight.  In one corner, Greece cannot under any circumstances pay the massive debt to Germany (now d.b.a. IMF, ECB and EC) amassed by the Greek oligarchs.  In the other corner, Germany cannot under any circumstances allow Greece not to pay the massive debt it claims is owed to Germany.  In the stands, Greek citizens who now realize that the banks got bailed out but the citizens were abandoned and will suffer under any scenario.  On the sidelines, Portugal, Italy, Ireland, Spain (PIIGS) and other sovereign colonies await the outcome and their turn in the ring.  An unstoppable force meets an immovable object.”

2          “The Parthenon painted in black, red and gold does not seem striking.”

1          “The Pantheon bedecked in black, red and gold could trigger some strikes.”

2          “Another great battle between the ‘Versailles Reparations’ paradigm and the ‘Marshall Plan’ paradigm.”

1          “The central Lesson of the Twentieth Century is that it is easier to take by investment than by invasion.  The central Corollary of the Twenty-First Century is that you cannot take too much by investment or you risk an invasion.”

2          “The German group should not have foisted all the funds on the Greek oligarchs; the Greek oligarchs should not have gotten all the lucre from the German group.  Seems that they are each about fifty percent culpable.  Split the difference?”

. . .

1          “Markets usually price in inevitable developments and go on with life and business.  Which side has the market priced to prevail and how will the outcome play out on the planet?”

2          “What if Greece remains in NATO, pivots to Russia for assistance and opposes sanctions against Russia from the inside?  The BRICS Confederacy will need to fashion a new acronym.”

1          “The astute Western players might keep Greece cum a new drachma in the European Union for trade and transportation purposes and for international security concerns.”

2          “O’Bama traveled to India to keep India from allying more closely with the BRICS.”

1          “Senator Bernie Sanders wants the Federal Reserve to ride to the rescue.  He understands the Corollary.  However, expanding the Federal Reserve to become the American Monetary Fund (AMF) may not be wise or prudent.”

. . .

2          “The Europeans are fighting their civil war with each other and were drafted to serve as proxies and mercenaries to fight America’s currency war with Russia.  The French cannot sell fromage, the Pols cannot sell apples, and even the Germans cannot sell brats.  And no one can buy inexpensive gas from Russia.  And America does what America does.  America sits back far from the front and consumes.”

1          “And secretly funds some folks.  The Europeans are fighting America’s war with Russia and not making their required NATO defense expenditures.  The Germans and others could write off some of the debts and then book the amounts against their required NATO defense expenditures.  America is committed to fighting the Russians until the last European collapses.”

2          “America may not be able to sit back.  Under settled international law, America’s cyberespionage against Russia, China, Pakistan, Afghanistan and Iran are each acts of war that provide justification for those countries to attack America.  America’s antics may trigger an unattractive response.  Not a pretty situation.”

1          “But remember that America has proclaimed that it can always unilaterally exempt itself from international law.”

. . .

2          “The punting and kicking the can now is measured in time not in distance.  With the four month reprieve until June 21, the new ‘high noon’ show down occurs on the longest day of the year.”

. . .

2          “Greece is a failed state with few clear public records describing private property ownership, a tax collection non-system and a distended pension system.  Without a functioning country or economy in Greece, the prospect of a functioning country or economy in Greece is not promising.  Stay tuned.  Film at 11.”

1          “During the sports segment, surely.”

. . .

[See the article at U.S. Embedded Spyware Overseas, Report Claims” in “The New York Times” by Nicole Perlroth and David E. Sanger dated February 16, 2015.]

Bumper stickers of the week:

You can provide liquidity but you cannot provide solvency

Can God create a stone so heavy that not even God is strong enough to lift it?  Can man create a debt so heavy that not even mankind is strong enough to lift it?

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)

Posted in "Fiat ______", Carbon Surcharge & Dividend, China, Debt/Deficits, Dollar - World's Reserve Currency, Football, Foreign Policy, Gold Standard, Middle East, Money, Peak Oil, Russia, Silver Standard on November 17, 2014 by e-commentary.org

. . .

E1          “Today’s high-tech town criers, LED scoreboards broadcast the news from every street and street corner.  They proclaim that gas prices are down, gas prices are down, gas prices are down.  The most public and publicized scores in our economy are even more prominent than football scores.”

E2          “Is supply up because Saudi Arabia has strategically increased the supply?  Is demand down because the world is in recession?  What’s really up?  What’s really going down?”

E1          “What’s real?  The great trifecta is at play.  Saudi Arabia is advancing American political interests by undercutting Russian oil sales while also underpricing American fracking operators and undermining Iranian producers.  Prices now below about $80 a barrel undermine American competitors who are fracking the production of oil at a cost of typically $85 a barrel.  An American operator who cannot compete and goes down will not later reenter the market.  Saudi Arabia can effortlessly constrict supply and drive up the price.”

E2          “The Republicans will provide tax benefits and government subsidies for the frackers and increase the national debt.”

E1          “That’s for real.  If Russia and Russians can endure the very real impact of the sanctions and continue to circumvent the use of the dollar, they may end up prevailing in the ‘Cold Currency War.’  The public scoreboards provide daily clues to developments on the international battlefield.”

. . .

E2          “Now when the price of oil is down is the time to adopt a carbon premium and dividend program.”

E1          “Never happen.”

E2          “Nothing will happen until it is too late.”

E1          “Not when gas mongering SUVs are flying off the shelves.”

. . .

E2          “The PM markets for elements 79 and 47 are distorted.  Now that the physical quantities of Au and Ag are so tiny in comparison to the exploding paper market, the spot price is another illusion.  Sellers of physical quantities are setting prices that exceed the former ‘spot price plus markup’ formula to reflect the limited physical supply.  However, no generally accepted ‘physical spot price’ has emerged.  In a world of fraud, illusion and dishonesty, the ‘market price’ is not the ‘market price’ and another ‘market price’ must be concocted to provide realistic information.”

E1          “The market is unreal.  However, it is hard to fix the metals market when the metals market is fixed.  Information is sketchy, incomplete and possibly inaccurate.  China, Russia, India, Brazil and other governments and the Chinese, Russians, Indians, Brazilians and other citizens are amassing massive amounts of physical gold.  Manipulating the acquisition price of physical gold lower via machinations in the paper market facilitates the transfer of physical gold to folks who are not always happy with us.”

E2          “That may be the most counter-productive policy in recent memory.  Some countries are rallying around gold to provide a counterpoise to the dollar.”

E1          “That is surreal.”

. . .

E2          “Morgans were minted from 1878 to 1904.  Peace dollars from 1921 to 1935.  Even among those who are not interested in the numismatic value of a coin, the premium for George T. Morgan’s creation is more than the premium for Peace dollars.”

E1          “A hint of aesthetic sensibility among the junk metal set.  Morgans may have been minted again in 1921.”

E2          “One fellow said that he maintains 70 percent of his precious metals inventory in silver to serve as a medium of exchange and 30 percent in gold to serve as a store of value and secondary medium of exchange.  However, the dollar is still the unit of account.  Wonder what he knows.”

E1          “Metals perforce do not pay interest, yet when banks start charging interest to hold funds, metals become the non-interest burdened asset.  What percentage of his assets are in metals?  And why?”

. . .

E1          “The ISIS or ISIL or Islamic State or whatever is proposing to issue their own currency by minting real gold dinars and real silver dirhams.”

E2          “The IS is also in the business of selling oil on the black market at reduced prices which lowers the world price.  Another factor in the analysis.”

E1          “And the scoreboard up ahead proclaims: ‘Unleaded – 3 dinars and 99 dirhams per liter; Diesel – 4 dinars and 49 dirhams per liter.  Free oil check and window washing.’”

E2          “A mecca for the gold bugs.”

E1          “‘27 inch flat screens from China for 99 dinars.’”

E2          “If gold is denominated in dollars, the dollar is king.  If gold is denominated in gold, then gold is king.”

E1          “Aren’t they obligated to field a football team first?”

. . .

E1          “If I couldn’t make light of it, it would get too heavy.”

. . .

[See the related e-commentary earlier this year at “Texas Votes To Secede From U.S. And Join Mexico; Russia Blows Up World In Response (March 17, 2014)“, “NATO: Nations Aggressively Taking Over (March 31, 2014)“, “Distrust But Verify (July 21, 2014)” and “World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014).”  See also the background e-commentary at “The Silver Standard: The Value Of (Sort Of) Real Money (July 15, 2013)“, ““Fiat Gold” / Fool’s Gold (May 2, 2011)” and “Is The Gold Standard Really The Gold Standard? (January 18, 2010).”

Bumper stickers of the week:

He who has the dollars has made the rules; he who has the gold will make the rules.

Folks (and governments) will use Fe and Pb to acquire and protect Au and Ag.

We seek stasis, we get entropy.

World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014)

Posted in China, Dollar - World's Reserve Currency, Energy, Fracking, Global Climate Change, Global Warming, Market Solutions, Peak Oil, Russia on September 8, 2014 by e-commentary.org

. . .

7          “Someday someone will realize that the attacks on Saddam Hussein in Iraq and on Muammar Gaddafi in Libya were motivated in part by their efforts to undertake oil sales in something other than American dollars.  If the American dollar is no longer the world’s petro dollar and reserve currency, America will not be able to dictate and drive world economic affairs.  America wants Europe to be dependent on America and American gas and on the American dollar, not on Russia and Russian gas and on some financial measure and medium other than the American dollar.  And along comes Putin who is peddling oil and gas using something other than the American dollar.”

8          “That makes Putin ‘Public Enemy No. 1.’  So the U.S. is imposing economic sanctions on the Russians which are also economic sanctions on the Europeans and others.  The only way for the U.S. to compel continued use of the petro dollar is to be the empire providing, controlling and protecting the petro supply.  Now the U.S. is trying to provide rather than just control and protect the supply.  For decades, the U.S. imported oil and gas from countries that disregarded environmental standards and now the U.S. is disregarding environmental standards and seeking to export gas produced using fluids and processes that are destructive to the land and water here in the good old U.S. of A.  What are we doing?”

7          “America is on the retrograde in overdrive.  Until recently, America ‘imported’ oil and ‘exported’ the pollution necessary to produce it.  Now America seeks to ‘export’ gas and ‘import’ the pollution and degradation necessary to produce it.  Pollution and degradation are externalities that are not paid by the oil and gas companies.  If the oil and gas companies internalized the costs of the pollution and degradation, they could pass the costs on to the consumer and allow the consumer to decide how much oil and gas should be produced.”

8          “And look at those we call our allies.  Among other countries, Britain, France, Poland and Bulgaria are refusing to embrace fracking and the resulting environmental damage.  U.S. interests are interested in obtaining access to the gas reserves in the Ukraine and using fracking techniques to extract the gas.  The lawyers and the lobbyists have been deployed.  The sons of the Ruling Class like Kerry-Heinz and Biden are positioned and poised to make a killing.”

7          “Only after many others get killed.  America cannot secure and dictate the distribution of the gas to Europe and others as quickly as Russia and Europe will be required to respond to the economic sanctions.  Russia and Russians are much more resilient and resourceful than America and Americans.  The Russians won World War II for the West.  Starting World War III with them is not likely to end well.  The Russians will develop workarounds to circumvent the economic sanctions and may dislodge the almighty dollar from the world stage.”

8          “The Europeans also need to learn to accommodate, but they could balk this winter at freezing to fuel the U.S. dollar.”

7          “They could sew American dollars together to make a shawl.  Americans devised ‘Hoover blankets’ from newspapers and Europeans could craft ‘Benjamin blankets’ from American bucks.  No one will strenuously dispute that it is or soon will be ‘Cold War 2.0’.”

8          “The Chinese may break the tie.  China and Russia and other countries could work together to circumvent the sanctions and develop a competing and competitive international economy devoid of the dollar.  Russia could provide China with access to the Arctic and allow them to proceed in the South China Sea.”

7          “Then America would boycott all Chinese goods.  See how they like that.”

8          “A friend is convinced that all the gold in Ft. Knox and all of Germany’s gold in the Federal Reserve Bank of New York was transferred to the Chinese to stave off a sale of Treasury bonds.  They may be prepared.  The economic sanctions are seen as exercises of ‘soft power,’ yet they may expose how soft the American economy really is today.”

7          “That is why so many powerful interests are lobbying so aggressively for the U.S. to use ‘hard power.’  Wars are big business; wars are good for business.  Look at all the misinformation involving the attack on the aircraft flying on flight MH17 that is bandied about to justify military action.  False Flag capers are the easiest way to get the populace to rally ‘round the flag.”

8          “Here there be dragons.”

. . .

8          “Here there be no angels.  The Russian oligarchs who control the gas fields are as corrupt as the U.S. bankers who control oil and gas prices.  Look at the shenanigans and manipulations during the summer of 2008.  No one does anything.”

. . .

Bumper stickers of the week:

Strategy: Cut off your face to spit your face

Dollar slaves; Dollar serfs

Time To Talk: Hear The Guitar (December 9, 2013)

Posted in China, Iran, Iraq, Japan, Military, O'Bama, Romney, Syria on December 9, 2013 by e-commentary.org

. . .

A          “In the past, proclaiming ‘National Defense’ supported any project or excused any invasion.  Today, merely alluding to ‘National Security’ rationalizes anything however short-sighted or foolhardy or counterproductive or illegal or unconstitutional.”

B          “Chanting ‘State Secrets’ is allowed to terminate the inquiry.  We need to repeat the need for diplomacy over and over to advance our real National Security’ interests.  We cannot bomb our way to peace.”

. . .

A          “Making sense of Syria is problematic.  And a problem.  We support one group this year that becomes our reviled enemy next year.  The enemy we despise this year is our tenuous ally next year.”

B          “The enemy of my enemy is my enemy, now or later.”

A          “The enemy of my enemy is my enemy, just you wait.”

B          “I don’t know if a person with a clear head and a thousand hours of spare time and a generous budget could discern what has gone on and is going on over there.”

. . .

A          “Today, we are blessed because we don’t need to know the issues or the factions or the politics, we just need to know the players in America.  The same folks who brought us the Iraq nightmare now propose to bring us the Iran nightmare.”

B          “Elections have consequences.  Romney would have us at war.  O’Bama is avoiding the bait.”

A          “He should have been prescient or at least astute enough not to proclaim a line, because the line often is just one side of the box that imprisons you.”

B          “Mark my words, more is going on than we can even generally intuit.”

. . .

A          “Everyone is concerned about the financial mess we are bequeathing to the proverbial grandchildren who are trotted out during spending debates.  If America could transition from an unsustainable Empire to a sustainable Republic, we could reduce offensive military spending and bestow less debt to the proverbial grandchildren.  We also could bequeath a world with proverbial grandchildren in other lands who have not learned from their grandparents to hate America.”

B          “Hate is contagious.”

A          “And inherited.”  

. . .

A          “China and Japan are playing mouse and cat over some islands.”

B          “Who is the mouse?”

. . .

A          “And the Falklands are returning to the international radar.”

B          “Some pronounce it the Malvinas.”

A          “Oil, baby, it’s always pronounced oil.”

. . .

[See the “e-ssays” at The Drums of War (February 20, 2012) and Syria: Gas and Fog (August 26, 2013).]

Bumper sticker of the week:

Diplomacy is what happens when the body count gets high enough