Archive for the Middle East Category

Russia Beat The U.S.  Europe[an Union] Wants To Do The European Thing And Go To War.  Let Them.  On Their Own Dime/Euro.  Trump Wants To Blow Up The Mideast.  Oh, And Happy Saint Patrick’s Day! (March 17, 2025)

Posted in Europe, Middle East, NATO, Neoconservatives, Russia, World War E, World War III on March 17, 2025 by e-commentary.org

. . .

K          “The U.S. lost the war to Russia.  European bureaucrats and kleptocrats want to continue the fight . . . and lose another war to Russia.  Let them take the lanyard from the Americans and lose to Russia on their dime.  Or on their Euro.”

J          “Who else will step up.  Europe does not have the resources or public will.  Russia must be stopped.  Trump and Putin are far too closely allied.  This will not turn out well.”

. . .

K          “Trump wants to focus his efforts and energy blowing up the Mideast.”

J          “He is getting there.  How are the MAGAts going to react when they realize that Trump lied to them about seeking peace?”

. . .

[See the comments by Michael Shellenberger, one of the recipients of the Eighth Annual Pushitzer Prize In Commentary For 2023 (May 8, 2023), on “X” dated February 28, 2025 and the editorial “U.S. admits Ukraine proxy war defeat while European elites persist in self-destruct delusions” in “Strategic Culture” dated March 7, 2025.]

[See the e-commentary at Special Edition.  Deciphering Derivatives.  Oh, And Happy Saint Patrick’s Day! (March 17, 2023).]

Bumper stickers of the week:

“Frankly, it’s a proxy war between nuclear powers, the United States helping Ukraine and Russia, and it needs to come to an end.”  U.S. Secretary of State Marco Rubio

Russia wants war:  Look how close they put their country to our military bases.

How many Frenchmen does it take to liberate Paris?  . . .  None.  The U.S. always has to do it.

First Monday In October:  Dos-à-dos (October 7, 2024)

Posted in First Amendment, First Monday In October, Middle East, Supreme Court, War on October 7, 2024 by e-commentary.org

. . .

K          “The putative civil libertarians (Kagan, Sotomayor and Jackson) have taken off their masks and revealed themselves to be . . . authoritarians and totalitarians.  My new super hero is . . . Sam, the civil libertarian.  What a long strange trip this life is turning out to be.”

J          “They are still concerned with the public good.  The public good sometimes requires one to look at and to and for the good of the public generally.”

. . .

K          “One of my projects still in draft form compares the Trump appointees and the Biden appointees to the federal district courts and the federal appellate courts.  Establishing a metric is problematic and vexing.  At this time, however, the Trump appointees have done much more to protect civil liberties than the Biden appointees.  In the last two Presidential election cycles, I broke the tie for the Presidential candidates based on my concern that the Democrats need to hold the Senate to control the judiciary.  That has changed.”  

J          “Trump has appointed lawyers who are loyal and obedient foot soldiers to him.  That does not promote the public good.”

. . .

K          “The most pressing legal concern today is to return to protecting the natural rights that preexist the adoption of the Bill of Rights and were until recently protected by the Bill of Rights.”

J          “With reasonable restrictions.”

. . .

K          “The word ‘Lawfare’ is a portmanteau of ‘law’ and ‘warfare’.  Portmanteaus are usually clever; ‘Lawfare’ is not.  Weaponizing the judiciary will haunt the legal system for decades.  The spiritual mitochondria of good faith and fair dealing is being eviscerated by judges cooperating with prosecutors to get politicians and people.”

. .  .

[See the e-commentary at Murthy v. Missouri:  AMA v. AAPS; Flaccid Amendment v. First Amendment.  The Speakers’ Corner And The Public Square. (March 18, 2024) and “Supreme Court backs Biden administration in social media dispute with red states”  Biden 1; People 0.  Oh, And Happy Canada Day! (July 1, 2024) and graduation advice.]

Bumper stickers of the week:

“What a long strange trip it’s been.”  Grateful Dead

Make Lawfare Imprudent Again

From Jill Stein:

Today, October 7th 2024, marks one year since the Hamas attack on Israel that many consider to have sparked Israel’s US-backed genocidal campaign against Gaza that is now exploding into a regional war.  But history did not begin on October 7th, 2023.

To understand the current situation, we must look back at least as far as 1948 to the Nakba, the brutal mass expulsion of indigenous Palestinians from their homes by Zionist paramilitaries and the newly formed state of Israel.  While the world has been watching in horror for the past year as this genocidal rampage has cut short hundreds of thousands of innocent lives, that one year was preceded by generations of violence, occupation, displacement, dispossession, apartheid, and ethnic cleansing.

While we abhor violence, we must understand that settler colonialism, occupation, genocide, and all forms of oppression have always provoked resistance.  If we merely condemned violence “on all sides” without first acknowledging the underlying conditions of oppression and doing everything we can to rectify those conditions, we would not only fail to address the root causes of the problem, but would risk becoming complicit in injustice by drawing a false equivalency between oppressor and oppressed.  As Desmond Tutu observed, “if you are neutral in situations of injustice, you have chosen the side of the oppressor.”

One of history’s greatest nonviolent change makers, Dr. Martin Luther King Jr., identified the “great stumbling block in the stride toward freedom” as “the white moderate who is more devoted to ‘order’ than to justice” and “who prefers a negative peace which is the absence of tension to a positive peace which is the presence of justice”.  For too long, the US government has supported Israel’s version of “order” and “peace” that demands the systematic subjugation of Palestinians to violent injustice.  But whenever people are denied their human rights, resistance is inevitable.  Even President Kennedy recognized this with his statement that “those who make peaceful revolution impossible will make violent revolution inevitable.”

Dr. King also recognized the hypocrisy and uselessness of condemning the violence of the oppressed without first addressing the violence of oppression: “I knew that I could never again raise my voice against the violence of the oppressed in the ghettos without having first spoken clearly to the greatest purveyor of violence in the world today – my own government.”  The US government is fully complicit in the violence that Israel has inflicted on the Palestinians and others, after supplying Israel with over one hundred fifty billion dollars in military aid and shielding Israel from accountability to the international community for its long history of defying international law.  For Americans to condemn Palestinian resistance while our own government actively oppresses the Palestinian people would be neither just nor conducive to peace.

The events of October 7th, 2023 have been weaponized to justify the genocide of Palestinians.  Yet it has become clear that official accounts of October 7th have not only been divorced from the historical context, but factually distorted to serve the agenda of the Zionist Israeli government.  As one example, Australia’s ABC News reported in September that Israeli forces apparently applied the “Hannibal Directive” on October 7th, killing an untold number of their own citizens in attempts to prevent them from being taken hostage.  The official discourse on hostages has also been extremely one-sided, rarely if ever mentioning that thousands of Palestinians are held prisoner by Israel without charge.  From the “Hannibal Directive” killings to Netanyahu’s disregard for the families of Israeli hostages to Israel’s expansion of the war far beyond Gaza, it’s clear that the Israeli government has not acted out of concern for hostages, but has only used those concerns as justification to launch a preconceived agenda of conquest and genocide.

In just the last few weeks, the situation has gotten even worse.  In a massive escalation of its genocidal war on Gaza, Israel has invaded Lebanon.  Shortly thereafter, Iran launched a barrage of missiles at Tel Aviv in response to Israel’s attacks on Lebanon, Syria, Yemen, Palestine, and Iran itself, raising fears of an ever-expanding war in the Middle East that could even spark World War III, nuclear war, or both.

If he wanted to, President Biden could stop this war with one phone call to the Israeli prime minister as Ronald Reagan did in 1982.  Israel’s war machine is completely dependent on US taxpayer-supplied weapons, money, military and diplomatic support.  But instead the Biden-Harris administration is complicit in Netanyahu’s plans to expand this horrific war.  A recent Politico article titled “US officials quietly backed Israel’s push against Hezbollah” revealed that top Biden advisors actually encouraged Israel to invade Lebanon – despite the Democrats’ claims that Kamala Harris is “working tirelessly for a ceasefire”.

We do not consent to be dragged into World War III by Netanyahu to support his genocidal land grab in Palestine, Lebanon, and beyond.  By allowing Netanyahu to essentially dictate US foreign policy, Biden and Harris have abdicated the responsibility of their office.

As President, the first thing I will do is make the phone call to stop this madness at once and fix the crisis at its source – by ceasing all support to Israel until it ends its genocide in Gaza and agrees to negotiate a settlement for Palestine and the region consistent with international law and the rulings of the International Court of Justice.  The US, as the primary backer of Netanyahu’s military campaigns, holds the power to end his assault on Gaza and bring him to account.  This is not a matter of diplomacy but of the US electorate exercising its responsibility by voting for leaders with the political will to act.  As voters in the most powerful nation on Earth, we bear a unique obligation to hold our government and its allies accountable.

By holding Israel accountable, the US can rejoin the international community, from which we have become increasingly isolated due to our government’s unconditional support for Israel’s defiance of international law.  When the United Nations considered membership for Palestine this year, 143 nations voted in favor and only 9 against, including the US and Israel.  But the US has consistently used its veto power to shield Israel from accountability, undermining any credibility our nation has to speak on issues of international law and human rights.

As a Jew who grew up just after the Holocaust, with relatives who fled pogroms and a grandfather named Israel, I take “never again” seriously.  And that means never again for anyone.  In just the last year, I have met thousands of people from all walks of life, including Muslims, Jews, Christians, Palestinians, Israelis, Arabs, and many others from many ethnic, religious and spiritual backgrounds.  And I can say with certainty from my personal experience that peace and friendship are possible.  We can put an end to war, genocide, and generations of oppression, and start a new path to a world of peace, justice, and human rights for all.

In solidarity and gratitude,

Jill Stein

April 13 – 14.  Oh, And Happy Tribute Day! (April 15, 2024)

Posted in Middle East on April 15, 2024 by e-commentary.org

. . .

K          “Owning a bully is one of the most joyful and enriching and empowering experiences in life.”

J          “If you do not confront, you will be crushed.”

. . .

K          “They did confront the Hegemon in ways that few have the ken, the training, the empathy or the life experience to begin to understand.  I’ll forward my written analysis this afternoon.  Let’s pull it up and put it on the agenda for next year at tax time.”

J          “Forward away.  I still have this haunting sick sinking feeling that things are getting out of control.  With no adults in the room.”

. . .               

Bumper sticker of the week:

Think globally, act globally; think locally, act locally

10/7 (October 9, 2023)

Posted in Middle East, War on October 9, 2023 by e-commentary.org

. . .

K          “Something is not right.”

J          “Something is wrong.”

. . .

K          “Something is wrong.”

J          “Something is not right.”

. . .

J          “Stay tuned.”

K          “Stay attentive.”

. . .    

[See the e-commentary at Washington Wants War In The Worst Way:  Dust Off The IOSAT Or Return To The Status Quo Ante Bellum? (January 24, 2022), The Drums of War (February 20, 2012) and Guitar / Drum ; Dove / Hawk ; Pax / War. Oh, And Happy Memorial Day! (May 27, 2019).]

Bumper stickers of the week:

Is it time for clear and honest reflection and thinking?

He who has the drones makes the rules.

Cui bono?

Mr. Mueller – The National Mirror – Comes To Town (July 29, 2019)

Posted in Banks and Banking System, Deep State, Middle East on July 29, 2019 by e-commentary.org

. . .

J          “Republicans spin the exoneration and vindication angle.  Democrats spin the demonization and vilification angle.  The Republicans show blinded fealty to Trumpi not to Republicanism or conservatism.  The Democrats show fealty to blind self-destructiveness.”

K          “We just don’t get it.  We just can’t get it.  Bombs are ready to fall and banks are ready to fail and yet we get more side shows to distract the populace.”

J          “The National Mirror of the month is part of The National Distraction.”

K          “There is more to the back story that may emerge.  Stay tuned.”

. . .

[See the e-commentary at “Russian Interference; Russian Collusion (February 26, 2018)” and “The Release Of The Redacted Robert Rorschach Report (April 22, 2019)”.]

Bumper sticker of the week:

It’s Mueller Time [on a Miller Beer label]

The U.S. And Saudi Arabia:  Not Playing Well With Others (Each Other) (July 11, 2016)

Posted in Gold, Gold Standard, Middle East, Petrodollar, Special Drawing Rights (SDR) on July 11, 2016 by e-commentary.org

. . .

K          “On August 15, 1971, President Nixon unilaterally cancelled the direct international convertibility of the United States dollar to gold.  The U.S. abandoned the ‘gold standard’ and embraced the ‘oil standard.’  As part of the grand deal, the Saudi Arabians agreed to price oil in dollars and thereby created a new and extremely valuable thing dubbed the ‘Petrodollar.’”

J          “I note to others that the Petrodollar is right up there with the steam engine and the Internet as the driver of innovation and progress in the United States.”

K          “The Petrodollar is an almost cost-free export that has undergirded American expansion and power for the last almost 45 years.  Now the two countries are in a spat that is not likely to turn out well for the U.S.”

J          “I noticed.  Life is like high school writ large.  The Saudis did not receive O’Bama when he visited Saudi Arabia; O’Bama did not receive Saudi officials when they visited Washington.  They do not play well with others.  Or with themselves.”

K          “Sounds more like elementary school antics writ small.  Sales here and sales there of oil around the world today are being denominated in something other than the Petrodollar.  If the use of the Petrodollar declines, the U.S. declines with it.”

J          “The Petrodollar’s status as the world’s reserve currency may not be able to sustain it.”

K          “The Petrodollar’s status as the world’s reserve currency is also being challenged and undermined by other countries advancing the creation of Special Drawing Rights (SDR).”

. . .

[See the e-commentary at “The Percolating Middle East (February 22, 2016)” and “Venturing A Few Unfounded And Unwarranted Predictions (July 13, 2015).”] 

Bumper stickers of the week:

The Petrodollar fuels the American economy: no Petrodollar, no economy.

Dallas

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?

Drop A Bomb, Gestate A Terrorist; Drop A Bomb, Sprout A Refugee (November 16, 2015)

Posted in Book Reference, Iraq, Middle East, War on November 16, 2015 by e-commentary.org

. . .

J          “The problem is the continuing and recurring problem.  Dropping bombs caused the problem; dropping more bombs causes more problems; dropping even more bombs causes even more problems.”

K          “Everyone is gasping and grasping for a solution without understanding the problem.”

J          “Everyone is so gripped with fear that no one is thinking clearly.”

. . .

K          “When someone drops 1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 google mega-tons of bombs on ISIS or ISIL or whatever it is and kills all the ISISists or ISILists or whateverists, what will result?”

J          “ISIS 2.0.”

K          “Yup.  I refer to it as ‘ISIL Part Two.’  Coming to a troubled region near you.  In 2024.”

J          “Those who failed to anticipate and prepare for ISIS 1.0 are not anticipating or preparing for ISIS 2.0.  And what if it transmogrifies into ILIS?”

K          “We are doomed.  Of our own doing.”

. . .

[See the e-commentary at Intended Consequences In Iraq (August 3, 2015) and Staying the Collision Course In Iraq and The Mid-East (September 25, 2006).]

Bumper stickers of the week:

Think Big; Think Long; Heck, Think.

What happens in the Middle East stays in the Middle East.

“All the war-propaganda, all the screaming and lies and hatred, comes invariably from people who are not fighting.”  George Orwell, Homage to Catalonia

There is no money in the Truth.

Seriously Sizing Up Syria Seizing Up (October 12, 2015)

Posted in Afghanistan, Bush, Climate, Dollar - World's Reserve Currency, Foreign Policy, Global Climate Change, Global Warming, Iran, Iraq, Middle East, Newspapers, Russia, Sports, Syria, Vietnam, War on October 12, 2015 by e-commentary.org

. . .

7          “They could make it easier if they wore jerseys with numbers.”

8          “The good folks could sport odd numbers and the bad folks could sport even numbers on their uniforms.”

7          “Or the good folks could use even numbers and the bad folks could use odd numbers.  Or use different defining colors.  Or stitch the sponsor of the team on the back of the jersey.”

8          “During the Southeast Asian War Games conducted in ‘nam, a ‘Stars and Stripes’ newspaper cartoon depicted two identical individuals in pajamas and flip flops – one described as ‘Friend’ and one described as ‘Enemy’.”

7          “Nothing changes.  Discerning one’s friends and one’s enemies among those wearing towels and sandals is vexing.”

8          “The great feud between the Shia and the Sunni seems akin to the great feud between the Hatfields and McCoys.  No one was right and no one really knew what they were fighting for and no one really knew why they were fighting.”

7          “The reality is that the enemy of my enemy is not my friend, the enemy of my enemy is my enemy.”

. . .

7          “Most folks are more comfortable with what the nerdy folks describe as a ‘Manichean’ division into good and bad, or right and wrong, or us and them.  International relations are described as a balance of power and depicted with a scale.  A pint of water on one side can be balanced with a pound of whatever on the other side.  Yet international relations are more akin to multiple Calder mobiles strung and hung together.  Tug on one string and everything tips out of balance.  The unprovoked invasion of Iraq by then President Cheney and Vice President Bush in 2003 was the great tug that triggered the imbalance accelerating today.”

8          “Toss a rock in the pond and watch the concentric circles and the eccentric responses.  The lack of water in Syria and other places is fueling the fury.  A drought of water leads to a drought of hope.  The world is transitioning from wars over oil to wars over water.”

7          “And wars over currency.  Everything is out of balance.”

8          “Seems that global climate change is bringing about global change.”

. . .

8          “For the U.S., ‘Iraq’ is Arabic for ‘Vietnam’.  For Russia, ‘Syria’ may be Arabic for ‘Afghanistan’.”

7          “‘Waterloo’ is French for ‘Waterloo’.”

8          “Or Esperanto for ‘quagmire’.”

. . .

7          “We make decisions with limited information.  Look at who is for and who is against going to war.  Former General Wesley Clark suggests that the United States seeks to take out Iraq, Syria, Lebanon, Libya, Somalia, Sudan and Iran.  The Neo-conservatives in America want the United States to be mired in constant war everywhere on the planet all the time.  They keep getting us in trouble.”

8          “The bad folks.  Do they have even or odd numbers?  What color are their uniforms?”

. . .

7          “Much of the fighting is a prolonged currency war between the United States and many other countries.  The United States is slowly losing the franchise on the world’s reserve currency.”

. . .

[See the e-commentary at World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014) and Le Dollar – World’s Reserve Currency? (November 28, 2011).]

Bumper sticker of the week:

Are they doing the watusi when they should be doing the hokey pokey?

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.