Archive for the Petrodollar Category

« Older Entries

“De-Dollarization” Is The Word Of The Week.  And The Development Of the Year. (April 24, 2023)

Posted in Currency, Petrodollar, Ukraine on April 24, 2023 by e-commentary.org

. . .

K          “‘De-dollarization’.  I cannot remember a time when one word has been bandied about in so many quarters by folks across the political spectrum who wonder if the post-1964 U.S. clad quarter will survive beyond the current quarter.  Everyone is in accord that there is a whole lot of de-dollarizing going on around the world today.”

J          “The change we will employ for our economic transactions may be changing, but I’m not sure what changes it will bring.”

. . .

J          “Saudi Arabia is considering accepting yuan instead of dollars for Chinese oil sales.  Saudi Arabia and Iran announced their intention to join BRICS.  China and Brazil entered into a renminbi-based trade deal.  I can’t disagree with you that the world is being rent in twain one agreement at a time.”

K          “The PetroDollar is the life blood of the economy.  Today.  Much of the rest of the world wants to change the international blood type and seeks not just a blood transfusion but a blood transfer.  The PetroDollar is backed by Fe and Pb but is losing that backing as the rest of the world gangs up to confront and rebut the Big Bully suggesting that they will employ Au and Ag.  And the Saudis are taking the ‘Petro’ out of the Secret Sauce.”

J          “The transition, like all transitions, is not likely to be seamless.  There will be unintended consequences, although it is hard right now to define specifically what the intended consequences are among the big players.  But the drift is clear.”

. . .

[Type in “De-dollarization” and be prepared to revisit and revise your world view.  See “Wait, The Dollar Won’t Die?” by Brent Johnson in an interview with Adam Taggart on “Wealthion” dated April 21, 2023 and “Dancing on the Brink” by John Michael Greer in “www.ecosophia.net” dated April 19, 2023.]

[See World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014), Plow Shares And Swords.  Oh, And Happy Memorial Day! (May 28, 2018) and other e-commentaries under the Category PetroDollar.]

Bumper stickers of the week:

De-dollarization, dude

“How did you go bankrupt?”  “Two ways.  Gradually, then suddenly.”  Ernest Hemingway, The Sun Also Rises.

“Collapse now and avoid the rush.”  John Michael Greer at www.ecosophia.net

Leave a comment »

Russia Is PLANet B!  We Are Saved! (March 27, 2023)

Posted in China, Petrodollar, Russia, War, World War E, World War III on March 27, 2023 by e-commentary.org

. . .

K          “Russia is PLANet B!  At every environmental rally, someone sports a sign proclaiming:  ‘There is no PLANet B’ for us (the US?) to exploit.  The letters ‘PLAN’ and ‘B” are in capitals and usually in a contrasting color.  But there is a ‘PLANet B’!  It is Russia.  The West is not attacking Russia because Russia is a threat, the West is attacking Russia to purloin its resources.  The current Western aggression lead by the Big Uncle is another chapter in the history of colonial oppression of the world by the West.  It is so obvious when it is obvious.”

. . .

J          “In a moment of unguarded weakness, I admit that the West would like to dismember and distribute Russian resources that was started when Yeltsin was in office. The U.S. must counter China’s control of world resources. It is not always pretty.”   

. . .

[See “In Moscow, Xi and Putin bury Pax Americana” by Pepe Escobar, the recipient of the Sixth Annual Pushitzer Prize In Commentary For 2021 (June 7, 2021), dated March 22, 2023 in “thecradle.co”.  “The ‘Junior Partner’ Meme Gives No Insight To Real Changes” in the “moonofalabama.org” dated March 23, 2023 develops the U.S. fixation with dismissing Russia at every opportunity as an equal in any relationship and reveals the united propaganda campaign of the MSM.]

[See the e-commentary at World War E Breeds Bretton Woods III;  BW II And The PetroDollar Will RIP? (March 14, 2022),  World War E Becomes World War III:  The West Versus The Rest:  Uni-Polar Versus Multi-Polar (March 28, 2022) and The War Between The Nation-States:  Architectonic And Tectonic Shifts In The World:  Getting Our Bearings In The Emerging World Order: Land And People And Resources Versus Fiat And Finance And Firearms (August 15, 2022).]

Bumper stickers of the week:

There is no PLANet B!

There is no PLANet B Russia!

Save the Planet!  It’s the only one with beer!

“West” / “North”:  $98.1 Trillion in resources  ???

“East” / “South”:  $211.7 Trillion in resources  ???

Leave a comment »

World War E / World War III Is 1 [9?] Year[s] Old This Week.  Oh, And Happy Presidents’ Day! (February 20, 2023)

Posted in China, Dollar - World's Reserve Currency, Petrodollar, Russia, Ukraine, War, World War E, World War III, World's Reserve Currency on February 20, 2023 by e-commentary.org

. . .

J          “Putin is desperate.”

K          “Biden is desperate.  The speakers yesterday proclaimed a word that has almost been expunged from the American lexicon – peace.  And look at his latest desperate theatrical antic.  The puppet flies to meet the marionette.”

. . .

K          “Russia is subtly and methodically winning the ‘economic war’ and is slowly and patiently winning the ‘kinetic war’ and ceaselessly and unrelentingly losing the ‘propaganda war’ . . . at this time.  The unprovoked Western sanctions are destructive and counterproductive.  The truth is emerging.  The West is very, very slowly unraveling.”

J          “The West will prevail.”

. . .

K          “One of the tectonic shifts on the journey from illusionment to disillusionment was the gradual realization that the United States of America since 1945 was not the world’s policeman as I was directed in grammar school . . . it is the world’s bully.  After that realization was confirmed by a thousand historical footnotes, nothing is or can ever be the same.”

J          “Policemen need to be bullies at times.”

. . .

K          “The bourse is the battlefield; the battlefield is the bourse.  The PetroDollar is supported by violence; the violence is funded by the PetroDollar.  The de-dollarization efforts may not dethrone the PetroDollar, but little by little they are moving the PetroDollar to a highchair at a table with other currencies.”

J          “Some two-party commercial transactions are being undertaken without the PetroDollar.  However, the PetroDollar still has a long shelf life and a long half-life.  For better and for worse.” 

. . .   

K          “Biden will instigate a false flag event to go nuclear.”

J          “Putin will instigate a false flag event to go nuclear.”

. . .

K          “Biden’s war is not going to end well.”

J          “Putin’s war is not going to end well.”

. . .

[See the e-commentary at Portentous Developments In 2022? (January 23, 2023), Washington Wants War In The Worst Way:  Dust Off The IOSAT Or Return To The Status Quo Ante Bellum? (January 24, 2022), N. Propaganda R. Transcribed:  “Get Vaccinated.  Attack Russia.”  Oh, And Happy Presidents’ Day! (February 21, 2022), The Cuban Missile Crisis And The Monroe Doctrine Today (February 28, 2022), Sanctions, Supply Chains And World War E (March 7, 2022), World War E Breeds Bretton Woods III;  BW II And The PetroDollar Will RIP? (March 14, 2022) (“The ‘PetroDollar’ has had as much influence on civilization as the implementation of the wheel, the creation of the printing press and the discovery of electricity.  Yet, the ‘PetroDollar’ and BW II are dying a slow but accelerating death.  In a stupendous irony, U.S. stupidly killed BW II which had served it so well and has now spawned an uncertain BW III.”), The War Between The Nation-States:  Architectonic And Tectonic Shifts In The World:  Getting Our Bearings In The Emerging World Order: Land And People And Resources Versus Fiat And Finance And Firearms (August 15, 2022), The U.S. Declares War On Germany, Europe, Russia And The Free World . . . Bank Of England Flops Then Flips . . . And The Supreme Beings Saunter Into Town (October 3, 2022), What Is With Our Friend Sweden And Our Friends The Swedes?  The Swedish Central Bankers Reward One Of Their Criminal Home Boys:  Bernanke.  The “Real” Nobel For Peace (War?) Rewards Hypocrisy And Dishonesty.  The Nord Stream Pipeline Terrorism Investigation Is Dodgy. (October 24, 2022), Existential Threat + Existential Threat = World War.  Are We Mired In World War E[conomic] / World War III? (November 21, 2022), The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018), 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), One World Currency? (January 8, 2018), and two prescient pieces on NATO at NATO: Nations Aggressively Taking Over (March 31, 2014) (“If Bush can invade Iraq without any good reason, can Putin invade Ukraine without any good reason?”) and NATOExit? NATOExeunt? (July 4, 2016).]

It is going nuclear.

Bumper stickers of the week:

“The other thing I will say is that the war didn’t start in February last year.  The war started in 2014.  And since 2014, NATO Allies have provided support to Ukraine, with training, with equipment, so the Ukrainian Armed Forces were much stronger in 2022, than they were in 2020, and 2014.  And of course, that made a huge difference when President Putin decided to attack Ukraine.”  NATO Secretary General Jens Stoltenberg

“They’ve lost strategically, they’ve lost operationally and, I repeat, they’ve lost tactically.  . . .  What they’ve tried to do, they’ve failed at.  The strategic reframing of their objectives, of their illegal invasion, have all failed, every single one of them.”  Chairman of the Joint Chiefs of Staff General Mark A. Milley

Desperate people do desperate things

“It is dangerous to be right in matters on which the established authorities are wrong.”  Voltaire

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

Leave a comment »

Portentous Developments In 2022? (January 23, 2023)

Posted in Gold, Gold Standard, Petrodollar, Russia, SWIFT on January 23, 2023 by e-commentary.org

. . .

J          “The Russian invasion of Ukraine in February. Article 51 of the Charter of the United Nations does not suffice for me.”

K          “The United States weaponization of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system followed by the U.S. confiscation of Russian reserves in March.  The world knows beyond a reasonable doubt that the U.S. cannot be trusted.  Without elemental trust, there is nothing.  The overriding strategic concern of every nation on Earth at this time is to firewall itself from the U.S. without the U.S. perceiving the action.”

. . .

[Scrutinize, analyze and synthesize “Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies” by Charles Hugh Smith in “Of Two Minds” dated January 19, 2023 and “Global South: Gold-backed currencies to replace the US dollar” by Pepe Escobar, the recipient of the Sixth Annual Pushitzer Prize In Commentary For 2021 (June 7, 2021), in “The Cradle” dated January 19, 2023.]

[See the e-commentary at The Cuban Missile Crisis And The Monroe Doctrine Today (February 28, 2022), Sanctions, Supply Chains And World War E (March 7, 2022) and World War E Breeds Bretton Woods III;  BW II And The PetroDollar Will RIP? (March 14, 2022).]

Bumper stickers of the week:

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

When all this social distance stuff is over, I still want people to stay away from me.

Leave a comment »

“The Fed will defend the PetroDollar and the world’s reserve currency status no matter how much the stock market crashes, no matter how much the bond market crashes, no matter how much the housing market crashes and no matter how much the economy crashes.” ???  Oh, And Happy Halloween! (October 31, 2022)

Posted in Federal Reserve, Petrodollar on October 31, 2022 by e-commentary.org

. . .

K          “That is saying something.  Spooky.”

J          “I’ll say.  Scary.”

. . .

K          “The Federal Funds Rate is being raised more than I ever thought possible.”

J          “The Federal Funds Rate is being raised more than I ever thought possible.”

. . .

K          “Increasing the interest rate will do very little to reduce inflation because real inflation is about double the rate reported by the government.  No one is suggesting that the Fed can raise rates to fifteen percent under any scenario.  If the stock market and bond market are sacrificed, perhaps 30 percent of the population will be impacted.  If the housing market is sacrificed, perhaps 67 percent of the population who own homes and another 9 percent who are now priced out of home ownership will be impacted.”

J          “If the economy is sacrificed, perhaps 100 percent of the population will be impacted. While they are raising interest rates, money is being poured into the economy. Imagine a pump drawing water out of a pool and another pump dumping water into the pool.”

. . .

J          “The PetroDollar is akin to the life blood of the United States body economic.  The stock market, the bond market, the housing market and the economy are akin to the organs.  The periphery is being sacrificed to protect the core.  That is how an organism responds to threat and stress.”

K          “The Federal Reserve is trying to staunch the bleeding.  Without the PetroDollar, the US is not.”

. . .

K          “World War E / World War III is not helping. The US must discipline if not destroy its economic colonies to protect itself.  The UK, Germany, France and other colonies do not realize that they are the target.  The vassals are the victims.  The Euro and the pound sterling must be broken.  They are being and will be broken. And then throw in the currencies of emerging markets that are being creamed.”

J          “The US has to destroy the world village in order to save itself.”    

. . .

K          “The PetroDollar is backed by Fe and Pb not by Au or Ag.  The US military has perpetuated the war against the world since 1945.”

J          “And the Fed is taking up the sword.” 

. . .

J          “We shall see.”

K          “We shall see.”

. . .

[See “Why financial approaches won’t fix the world’s economic problems this time” at Our Finite World dated October 18, 2022 by Gail Tverberg.]

[See recent April e-commentary at The Great Checkmate And The Great Seesaw: Interesting Rates (April 11, 2022), Interning For Clio:  Collecting, Protecting And Preserving The Record (April 4, 2022), Is Inflation Inflating!?!? (April 26, 2021) and Covid-19 PanICdemic/Plague:  Basically, Back To Basics:  Finding Food; Printing Rutabagas.  Happy Earth Day! (April 20, 2020).]

Bumper stickers of the week:

Costco Kirkland precooked bacon is $17.99

You can print money, but you cannot print rutabagas

My electric car is powered by dirty coal

The US has to destroy the world village in order to save itself

“Sheep spend their whole lives living in fear of the wolf only to be eaten by the shepherd.”  Proverb

Leave a comment »

The War Between The Nation-States:  Architectonic And Tectonic Shifts In The World:  Getting Our Bearings In The Emerging World Order: Land And People And Resources Versus Fiat And Finance And Firearms (August 15, 2022)

Posted in China, Geopolitics, Petrodollar, Russia on August 15, 2022 by e-commentary.org

. . .

K          “The ‘War of Northern Aggression’ is an accurate description.”

J          “The ‘War of Southern Aggression’ is an accurate description.”

. . .

K          “We must conform Mercator’s depiction because the ‘West’ is really the ‘North’ and the ‘East’ is really the ‘South’.  Russia and China must be relocated to the ‘South’.  Australia and New Zealand must be relocated to the ‘North’.  And voila! everything is geographically and economically and politically and socially copacetic.  The architectonic shifts are manifesting in tectonic shifts. The lines are being drawn.”

J          “The poles are shifting.  The battle lines are being drawn.” 

. . .

K          “About three quarters to four fifths of the world’s population are ‘Southerners’ and about one quarter to one fifth are ‘Northerners’.  The ‘Southerners’ have land and people and resources.  The Northerners led by the U.S. have fiat and finance and firearms.  The ‘Southerners’ are the future.  The ‘Northerners’ are the past.”

J          “Everything turns on how much longer the PetroDollar is the world’s reserve currency.  In the short term, however, as Europe and the emerging countries suffer, assets are likely to flow to the dollar.”

. . .

K          “The U.S. War against Russia via a duped, duplicitous and culpable proxy Ukraine has triggered many of these fundamental geographic, economic, political and social changes that are acknowledged by few and understood by even fewer.  February 24, 2022 will be another red letter day on the calendar.  2022 will be another red letter year on the calendar.”

J          “Because the Chinese won.”

. . .

[See the e-commentary at World War E Becomes World War III:  The West Versus The Rest:  Uni-Polar Versus Multi-Polar (March 28, 2022).]

Bumper stickers of the week:

G7 versus BRICS and many other nations

“Land and people and resources” versus “fiat and finance and firearms”

The “North” rules (while breaking all the rules) at this time

February 24, 2022 will be another red letter day on the calendar

The Chinese won/one

Was Sir Halford John Mackinder prescient?

Leave a comment »

World War E Breeds Bretton Woods III;  BW II And The PetroDollar Will RIP? (March 14, 2022)

Posted in Bretton Woods, BRICS, CIPS, Petrodollar, PMC, SCO, SPFS, SWIFT on March 14, 2022 by e-commentary.org

. . .

K          “Sounds like a preppy.  Exorbitantly privileged.  His middle name is surely ‘Heathcliff’ or some such.”

J          “Soon to be wearing ‘BWH III’ cum serifs on his sleeve.  Very well bred.”

. . .

K          “Bretton Woods I was born on July 22, 1944 and died on August 15, 1971.  BW I was a modified Au [gold] standard that suspired for 27 years.  On a hot lazy Sunday in August in D.C. when the Ruling Class and the PMC were returning from the Shore, Nixon terminated convertibility of the U.S. dollar for gold with as much hype and fanfare as an announcement of the construction of a new water treatment plant.”

J          “I do not remember the event, yet I sense that the action was more of a unilateral breach without consulting other nations rather than a polite and proper termination of a long-term relationship and a statement that it is temporary.”

K          “Right.  Not to fear, BW II was hatched.  In the next few years, Nixon and others agreed to provide protection to Saudi Arabia in exchange for the Saudis pricing oil in the newly concocted ‘PetroDollar’ protection money.  The scheme allows the U.S. to conjure figment money at will and demand and take resources, services and products from every other country on the planet without providing anything in return other than . . . the figment money.”

J          “The U.S. spent three cents to print a 100 dollar bill and then demanded 100 dollars of things from other countries.  And latter saved the printing costs by just shuffling electrons.  It is a perpetual motion money machine, until it is not.”

K          “Resistance was futile.  The BW II system replaced an ‘Au system’ with a ‘Fe and Pb system’ that commits the iron and lead of the U.S. military to impose and enforce its will on others.  Over fifty years of international economic terrorism followed.  So few get it.” 

J          “I hear you.  I get it.  I got it.  Years ago.  We as a society are going to get it.  In short order.  In the shorts.  My friends the good old Chinese are encouraging members of the Shanghai Cooperation Organisation (SCO) and the BRICS nations to bypass the SWIFT financial system and settle cross-border international payments in digital yuan using the CIPS or possibly SPFS.  That changes everything.”

K          “The ‘PetroDollar’ has had as much influence on civilization as the implementation of the wheel, the creation of the printing press and the discovery of electricity.  Yet, the ‘PetroDollar’ and BW II are dying a slow but accelerating death.  In a stupendous irony, U.S. stupidly killed BW II which had served it so well and has now spawned an uncertain BW III.” 

J          “The U.S. actions are indeed killing the golden goose that did not require any gold to lay golden eggs.”

. . .

K          “The emerging BW III appears to be a mix of gold and commodities rather than printed figments.  The new economic system for the multipolar political world is founded on gold and commodities and headquartered and centered outside America and Western Europe.”

J          “We are substituting one empire that has done much evil for another far, far, far more evil empire without even a clue or a question about what is happening.  By the way, I have a few more Mandarin language tapes for you.”

. . .

K          “There are books on Cod and Salt and Paper and the like.  If he does not write the book on the PetroDollar, I may get it done.”

J          “And don’t forget the piece on fly fishing.”

. . .

[See “Is the Dollar in Danger?  China and Russia may be working to take away America’s ‘exorbitant privilege.’” dated March 13, 2022 by Andy Kessler in the “Wall Street Journal”.  That is two citations to the “WSJ” in a row.]

[See the e-commentary at The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018), 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:

Post-World War Two Standards:  From Au . . . to Fe & Pb . . . to Au & Commodities

Dragon < Eagle > Bruin; Dragon + Bruin > Eagle

“This video has been removed for violating YouTube’s Community Guidelines.  Learn more.”

“This Tweet can’t be replied to, shared, or liked.”

Leave a comment »

The Cuban Missile Crisis And The Monroe Doctrine Today (February 28, 2022)

Posted in China, CIPS, Currency, Gold, MIC, MICAC, Money, Neoconservatives, Petrodollar, Russia, Sanctions, SPFS, SWIFT, War, World's Reserve Currency on February 28, 2022 by e-commentary.org

. . .

K          “America failed.”

J          “Russia failed.”

. . .

K          “The American Foreign Policy Effete pushed with both hands to goad, badger, harass, disrespect and humiliate Russia and circumvent and undercut any reasonable and peaceful resolution.  They have blood on those hands.  They intentionally provoked Russia and cynically sacrificed Ukraine.” 

J          “Russia invaded.  Putin is a thug, a bully, a criminal and a psychopath.  Russia and Putin are responsible.”

. . .

K          “Let the record reflect that the U.S. decided to deploy nuclear weapons first.  The SWIFT system should be isolated from politics and serve as the neutral financial infrastructure for the world.  The U.S. weaponized SWIFT and cut off Russia’s ‘financial e-mail’ from the world.  Wait until the dimwits discover that Russian financial interests cannot be surgically excised from the world financial community without creating potentially cascading contagion.”

. . .

K          “If China and Russia agree to use the CIPS or the SPFS or some amalgam of the two, they can expand their efforts to circumvent the SWIFT.  The financial infrastructure is the ‘pipe’ and at this time PetroDollars are the ‘flow’ which could become superfluous if everyone is not forced to use the pipe.  And then America becomes Bulgaria.”

. . .

K          “What if Russia proclaimed that 1,000,000 Rubles can be exchanged for one ounce of gold.  And one ounce of gold can be exchanged for 1,000,000 Rubles.  Let the market respond.” 

. . .

K          “The U.S. decision to declare ‘World War E’ as they say could descend into World War Three.  The U.S. refuses to abide by a rules-based international system and instead does whatever it wants to do.  Russia may have declared war on Ukraine by default; the U.S. declared war on Russia and the world by design.”

. . .

K          “Don’t forget that when you have someone trapped in a corner, you are also in the same corner.”

. . .

K          “America no longer produces intellectuals.  Except for [Stephen F.] Cohen and [John J.] Mearsheimer and a few others [Michael Brenner], the American Foreign Policy Effete advances its own private, personal and professional interests even when those are contrary to America’s best interests.  They are treasonous.”

. . .

K          “Life presents many insoluble situations.  This was soluble.  This is the Cuban Missile Crisis played out in Eurasia rather than North America three score years later.  This is the Monroe Doctrine advanced in another region.  The solution was simple and obvious.  And remember that genius is simple and obvious.”

J          “Putin invaded.  Period.”

. . .

J          “China?  China owns the U.S.  Lock, stock and sinker.  Hook, line and barrel.”

K          “Okay, so we really do agree quite often.  What is the U.S. thinking when it antagonizes a country that should be neutralized and neutral and self-destructively drives that country closer to China.  Everyone should agree to leave Ukraine as a neutral buffer with NATO returning to the original borders.  Let’s focus on the real problem.”

J          “I know I am.  I am learning Mandarin so that I can interpret the conversations of the prison guards at the re-education camp.”

K          “This undertaking in Ukraine is a beta test for China.  They are taking notes.  When you are done with them, send over a few of the language tapes.” 

. . .

J          “Putin’s War.”

K          “Biden’s War.”

. . .

[See “Experts Warned For Years That NATO Expansion Would Lead To This” dated February 25, 2022 by Caitlin Johnstone, the recipient of the Fourth Annual Pushitzer Prize In Commentary For 2019 (April 15, 2019), in www.caitlinjohnstone.com and also the articles in Consortium News.]

[See the e-commentary at Cuba – October, 1962 (October 22, 2012), Washington Wants War In The Worst Way:  Dust Off The IOSAT Or Return To The Status Quo Ante Bellum? (January 24, 2022), Dragon < Eagle > Bruin; Dragon + Bruin > Eagle (April 19, 2021), Sanctions:  Stupid, Absurd, Futile?  Oh, And Happy Armistice Day / Remembrance Day / Veterans Day! (November 11, 2019) and The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018).]

Bumper stickers of the week:

Putin’s War

Biden’s War

Stop War: Stop Putin

Stop War: Stop Biden

I like J

I like K

Dragon < Eagle > Bruin; Dragon + Bruin > Eagle

Leave a comment »

Dragon < Eagle > Bruin; Dragon + Bruin > Eagle (April 19, 2021)

Posted in AIIB, China, CIPS, Cryptocurrency, Currency, NATO, Petrodollar, Pushitzer Prize In Commentary, Russia, Sanctions, SWIFT on April 19, 2021 by e-commentary.org

[The announcement of the 2021 recipient of the Pushitzer Prize in Commentary is postponed from today to June 7, 2021.]

. . .

J          “China won; China one; U.S. none; U.S. done.  With each passing day, the Chinese military is outflanking the bloated pork barrel project that is the U.S. military without touching off a round or launching a missile.  CIPS is swiftly circuiting and circumventing SWIFT.  National currencies, gold, silver and cryptos are supplanting the PetroDollar.  Technology that was lifted is now legally acquired.  Critical resources that were purloined are now purchased.”

K          “For decades, the Eagle kept the Dragon and the Bruin in their corners.  Now the Dragon and the Bruin have found common ground to overcome their considerable differences, challenge their common enemy and push the Eagle into a corner it does not even recognize.  The vote in 2015 on the AIIB was the most revealing of the ultimate winner and the ultimate loser.”

. . .

K          “The U.S. is desperate to start and expand more wars and is looking to fight Russia or use proxies to fight Russia.  The Bruin is going to be a bear.”

J          “I am as uneasy about Russia as I am about China, but the U.S. should not go knocking on the Russian door and starting a fight on the Russian door step.  When I walked the streets in different cities, I was struck by the steely resolve of the people that is totally absent in the U.S.”

. . .

K          “Our goose is cooked.”

J          “We are dead ducks.”

. . .

[See the e-commentary on China at “Seeing 2020: Panda + Bruin > Eagle. Oh, And Happy Chinese New Year! (January 27, 2020)”, “China:  “The Silent Takeover” Overtakes Silently.  Oh, And Happy Chinese New Year! (February 4, 2019)”, “The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018)”, “AIIB: China: 1; U.S.A.: 0? (April 6, 2015)”, “The Silent Takeover (May 23, 2011)”, “The Odd Couple – China & The U. of S.A. (January 12, 2009)” and “China, The 800(0) Lb. Panda (November 20, 2006)”.]

[See the e-commentary on Russia in particular on the inefficacy of sanctions at “Sanctions:  Stupid, Absurd, Futile?  Oh, And Happy Armistice Day / Remembrance Day / Veterans Day! (November 11, 2019)” and “Russian Interference; Russian Collusion (February 26, 2018)”.]

[See the e-commentary on the threat to world peace posed by NATO at “NATOExit? NATOExeunt? (July 4, 2016)”.]

Bumper sticker of the week:

Dragon < Eagle > Bruin; Dragon + Bruin > Eagle    

Leave a comment »

Fourth Annual Noble Prize In Eco-nomics (October 14, 2019)

Posted in Awards / Incentives, Economics, Economics Nobel, Gold, Nobel Prize, Noble Prize in Eco-nomics, Petrodollar, Silver on October 14, 2019 by e-commentary.org

. . .

K          “An award acknowledging and celebrating the work of someone on the planet who really knows something about eco-nomics.  Eco-nomics is about making and sharing; e-con-omics is about taking and stealing.”

J          “The Noble Prize in Eco-nomics is a delightful and playful replacement for the discredited and misnamed ‘Nobel’ Prize in Voodoo E-con-omics.  And I get it.  You get what you reward.  You need to reward what you want to get.  Who gets it this year?”

K          “The recipients of the fourth annual Noble Prize In Eco-nomics are . . . Professors Mark Skidmore and Laurence  J. Kotlikoff who have contributed immensely and with little credit to an undertaking that tracks and analyzes federal expenditures and properly and honestly accounts for them in reconstructed books.”

J          “Solid work.  Crafting a book that chronicles and corrects the government crooks’ collective efforts to cook the books.”

. . .

J          “They shined a bright light on government accounting and may have prompted the Federal Accounting Standards Advisory Board (FASAB) to shift government accounting further into the shadows.  Late last year, the FASAB unleashed the ‘Statement of Federal Financing Accounting Standards 56 (Standard 56)’ that replaced laxly enforced government accounting and reporting standards with official obfuscation and concealment of government financing and spending.” 

K          “Catherin Austin Fitts and the Solari staff [Michele Ferri and Jonathan Lurie of The Law Offices of Lurie and Ferri] prepared a spell-binding and best-selling document “FASAB Statement 56: Understanding New Government Financial Accounting Loopholes” that provides a comprehensive explanation of the history, amendments and consequences of the changes to FASAB Statement 56.  Everyone should leave a copy in the bathroom for light reading.”

J          “The upshot is that the government is now officially no longer accountable to the public.”

. . .

[See the “Intergenerational Financial Obligations Reform Act” (INFORM Act), “Has Our Government Spent $21 Trillion Of Our Money Without Telling Us?” in “Forbes” by Laurence Kotlikoff and Mark Skidmore dated December 8, 2017, “The Tyranny of Economists  How can they be so wrong, so often, and yet still exert so much influence on government policy?” in “The New Republic” by Robin Kaiser-Schatzlein dated September 30, 2019, the book titled “The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn” by Avner Offer and Gabriel Söderberg and “Heretics welcome!  Economics needs a new Reformation” in “The Guardian” by Larry Elliott dated December 17, 2017.]

[See the e-commentary at “Third Annual Noble Prize In Eco-nomics (October 8, 2018)”, “Second Annual Noble Prize In Eco-nomics (October 9, 2017)”, “First Annual Noble Prize In Eco-nomics (October 10, 2016)”, “Announcing The First Annual Noble Prize In Eco-nomics (May 2, 2016)”, “Award Deadlines (Livelines?) (July 25, 2016)”, “From e-con-omics to eco-nomics? (August 1, 2011)”, and “Skip the Nobel in Economics (October 6, 2009)”.]

Bumper stickers of the week:

The United States of Anger backed its currency with Au (until August 15, 1971) and transacted in part in Ag (until July 23, 1965) and now backs its concoction d.b.a. the PetroDollar with Fe and Pb by bombing any country and killing any person who demurs to the US hegemony.

Boycott banks; support credit unions

Leave a comment »

« Older Entries