Archive for the China Category

Covid-19: BAU v. BAU (February 24, 2020)

Posted in Bureaucracy, China, Covid / Coronavirus, Ebola, Public Health on February 24, 2020 by e-commentary.org

. . .

K          “BAU is not the most graceful acronym.”

J          “Its opposite – Business As Unusual – is not that graceful either.”

. . .

J          “Every American has a constitutionally-guaranteed right to buy a cheap tv and  drugs to go with it.  When Americans are unable to access the ‘plug-in drug’ and pop a few pills, the populace will disconnect and drop out.”

K          “If someone pulls the cord, you will see discord.  Without a 72 inch tv and a 72 day supply of prescription drugs, the populace will dissent.”

. . .

J          “When you think about it, do all cars really need a front bumper, a right side handle, a left side mirror and a rear gear box.”

K          “Three tires and an eight track player and you should be ready to hit the road.”

. . .

J          “Artificial medical devices already are in short supply.  Right now there are patients who need a left aorta or a right knee.”

K          “They may need to be patient.  Could they consider getting by with a right aorta or a left knee.”

. . .

J          “You can live without an Apple® but not without an apple.”

. . .

J          “You will not be economically impacted unless you buy stuff made in or sourced from China.” 

K          “Or Vietnam or South Korea or Malaysia or . . . fill in the blank.”

. . .

K          “It is bad.”

J          “It will get unimaginably bad, if you can imagine.”

. . .

[See “COVID-19 Pandemic:  The Complacent Are Clueless” dated February 17, 2020 and “When Will We Admit Covid-19 Is Unstoppable and Global Depression Is Inevitable?” dated February 23, 2020 in “Of Two Minds” by Charles Hugh Smith; “Easily overlooked issues regarding COVID-19” in “Our Finite World” dated February 19, 2020 by Gail Tverberg; “The white swan harbingers of global economic crisis are already here” in “The Guardian” dated February 19, 2020 by Nouriel Roubini; “‘Dominoes falling’ in global shipping as coronavirus continue to grip China’s economy” in “The Telegraph” dated February 20, 2020 by Ambrose Evans-Pritchard; the daily aggregation of articles cum commentary by Raul Ilargi Meijer at “The Automatic Earth” and the many timely, insightful and informative articles and commentary on the “Virus” by Chris Martenson at “Peak Prosperity”.]

[See the e-commentary at “Seeing 2020:  Panda < Eagle > Bruin; Panda + Bruin > Eagle.  Oh, And Happy Chinese New Year! (January 27, 2020)” and the other e-commentary linked at that post.]

Bumper stickers of the week:

Covid-19 f.d.b.a. Coronavirus:  Coming to a town near you

Keep calm and panic

JIT —> NIT

The Toyota Production System (TPS) may not systematically produce Toyotas

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

Seeing 2020: Panda + Bruin > Eagle. Oh, And Happy Chinese New Year! (January 27, 2020)

Posted in China, Covid / Coronavirus, Russia on January 27, 2020 by e-commentary.org

. . .

K          “Panda < Eagle > Bruin ; Panda + Bruin > Eagle”

. . .

K          “And no one sees it.”

J          “No one wants to see it.”

. . .

[See the e-commentary at “AIIB:  China: 1; U.S.A.: 0? (April 6, 2015)”; “The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018)”; “China:  “The Silent Takeover” Overtakes Silently.  Oh, And Happy Chinese New Year! (February 4, 2019)” and “Globalization:  Colonization Without The Costs; Corporations Supplant Countries.  Oh, And Happy Bastille Day! (July 15, 2019)”.]

Bumper stickers of the week:

Panda < Eagle > Bruin ; Panda + Bruin > Eagle

Coronavirus:  Black Swan?

May you live in interesting times

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 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 ADB, 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?