Archive for the World’s Reserve Currency Category

WW E / III:  Modus Vivendi:  Modus Belli (April 13, 2026)

Posted in China, Iran, Isreal, Oil, Propoganda, World War E, World War III, World's Reserve Currency on April 13, 2026 by e-commentary.org

. . .

K          “Israel clearly breached the sweeping ceasefire.  Neither Israel nor the U.S. is ‘agreement capable’ and thus all negotiations are a charade.” 

J          “TACO Tuesday was a red letter day.  Trump capitulated.  Trump lost.  Trump lost big time.  The U.S. lost international prestige that it can never regain.”

. . .

K          “Iran gave Trump a chance to retreat from his psycho comments to blow up the world.  He was given an off-ramp and drove into a guardrail.”  

J          “He drove into a telephone pole.  And now he is still talking stupidly and dangerously again.”

. . .

K          “Witkoff, Kushner and Vance would be dismissed from a high school Model U.N. team.  They do not have the talent or horsepower to mediate a residential property dispute.  And recall that Vance went to an American law school.”

J          “They are the ‘D’ team, but Trump does not care.  They are there to hustle business not to conclude hostilities.”

. . .

K          “The parties are all preparing for the next phase of war.  What is the current Iranian inventory?  What are Iran’s manufacturing capabilities in the next two weeks?  What will China, Russia, North Korea, or other countries give, sell or exchange to the Iranians?  What are the current U.S. and Israeli inventories?  What are the U.S. manufacturing capabilities in the next two weeks?  What will Europe or other countries give, sell or exchange to the U.S.?  The U.S. seems to be amassing troops for what is likely to be a desperate and futile ground invasion.”

J          “The war rages.  I hear occasional comments and conjecture that the U.S. has vast inventories of secret weapons.  The future of war is laser technology guided by AI.  The U.S.A. may be ahead in the race.  We shall see.”

. . .

K          “Russia, China and North Korea realize that this war is existential.”

J          “The U.S. has lost the war and is losing Great Britain, Germany, France, Spain, Italy and other countries.  The U.S. may lose Australia, Japan, Singapore, Philippines and other countries.  The U.S.’s losses are subtle.”

. . .

K          “The thing described by some as ‘Mr. Market’ usually front runs developments before they even happen.  I am surprised that the amoral, indifferent, and disinterested market does not see what is happening and what is coming.”

J          “Another great irony.  If a person, even a plebe, could predict the future, he or she could make a fortune.  I have some definite thoughts about future developments.  I suspect that the U.S. goes into a recession and the world goes into a depression by Labor Day.”

 . . .

K          “The blockade is illegal under international law and likely challenging to enforce without quickly escalating events.  The Iranian Ghadir submarines may be a surprise factor.  The dangerous charade playing out at sea may result in unintended consequences.”

J          “Lloyd effectively shut down the Strait.  Iran opted to assess a toll.  The U.S. decided to shut it down.  We shall see.”

. . .

K          “Look at Iran’s situation clinically, dispassionately, and unemotionally.  If Iran signs a treaty, Israel and the U.S. will undoubtedly disregard it and undertake another illegal, immoral, unprovoked and cowardly attack on Iran.  Israel and the U.S. want to exterminate Iranians and extinguish Iran.  Iran may never have a better hand.  Iran may have little choice.  The leaders must make a fundamentally moral, military and strategic decision.  This may be the hill they must die on.” 

J          “With so many players ready to go nuclear, this may be the hill we all die on.”

. . . 

Bumper stickers of the week:

“We’re going to take out seven countries in five years, starting with Iraq, and then Syria, Lebanon, Libya, Somalia, Sudan, and finishing off Iran.”  Retired U.S. General Wesley Clark stated shortly after the September 11 attacks after a Pentagon officer told him about a proposed U.S. military plan to remove governments in seven countries within five years

“The Iranian Red Crescent Society, the country’s primary humanitarian relief organization, said on April 2 that at least 763 schools and 316 health care facilities had been damaged or destroyed in the war.”  “Iran’s Schools and Hospitals in Ruins, Times Analysis Shows” written by multiple authors in “The New York Times” dated April 9, 2026.

WW E / III:  The Storm Grows.  The Economic Tsunami Approaches  (April 6, 2026)

Posted in China, Derivatives, Insider Trading, Iran, Isreal, Oil, Propoganda, War, World War E, World War III, World's Reserve Currency on April 6, 2026 by e-commentary.org

. . .

K          “Our esteemed Secretary of War Crimes Hegseth appears to have engaged or attempted to engage in insider trading.  Trading under the circumstances in a time of war involving war-related investments is treasonous, not merely criminal.”

J          “While firing everyone who disagrees with him.  The Psychopath-In-Chief or the alleged Pedophile-In-Chief or the Trader-In-Chief or the Traitor-In-Chief or whatever you want to call him is in complete agreement with the policy to muzzle dissent.”

. . .

K          “There is more to the purported search and rescue of an O-6 serving as a Weapons System Officer.  The shenanigans were undertaken near Isfahan and the Natanz nuclear site.  Looks like another failed Operation Eagle Claw with a wider mission to extract uranium rather than hostages or in this situation a downed pilot.  The Iranians may be tracking the special forces that were injected into the country.”

J          “Dozens of support aircraft were involved.  Almost a dozen aircraft were lost or damaged.  Something is up and going down.”

. . .

J          “Trump spent his life bleeding an enterprise and then, when it no longer served him, he dumped it into bankruptcy.  He wants to dump the Iran quagmire into bankruptcy.  That option is not available on the international scene.”

K          “The hornets get a vote and may get the last vote.”

. . .

J          “I now wonder if Iran has significantly degraded the Israeli and U.S. air defenses and substantially exhausted their inventory of weapons?  The nuclear option may be the only option.  We shall see very shortly.”

K          “We shall see.  The world is watching and taking careful notes to see if the Bully can maintain the Protection Racket.  When the Protection Racket goes, in due course the Treasury market goes and the PetroDollar goes and the Empire goes.  Israel initiated an unprovoked war that may now have precipitated an existential threat to the U.S. Empire.”

J          “The world is watching and taking careful notes to see if Trump TACOs on Tuesday.”

. . .

[See “What the Hell Happened with the Rescue of the F-15E WSO in Iran?” by Larry C. Johnson in “Sonar21” dated April 6, 2026 and “It’s Official:  US Boots-On-Ground Deep Inside Iran Amidst Another Day of Humiliating Losses” by Simplicius in “Simplicius76” dated April 5, 2026.]

[See the e-commentary in the month before the United States provoked the war with Russia at Washington Wants War In The Worst Way:  Dust Off The IOSAT Or Return To The Status Quo Ante Bellum? (January 24, 2022) and the general level of public unpreparedness for an emergency event at Girding For The Going Grid (October 11, 2010).]

Bumper stickers of the week:

[Don’t] send in the Marines

“The forest was shrinking, but the trees kept voting for the axe; for the axe was clever and convinced the trees that, because his handle was made of wood, he was one of them.”  Attributed to Aesop.

“In individuals, insanity is rare; but in groups, parties, nations, and epochs, it is the rule.”  Friedrich Nietzsche, Beyond Good and Evil

An Easter poem during National Poetry Month from the President:  “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran.  There will be nothing like it!!!  Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH!  Praise be to Allah.  President DONALD J. TRUMP

He is the A) Psychopath-In-Chief, the B) alleged Pedophile-In-Chief, the C) Trader-In-Chief, the D) Traitor-In-Chief, or E) all of the above.

TACO:  Trump Always Chickens Out

WW E / III:  Trump, Inc. And “Insider Bombing”:  The Grift And The Graft;  The Circus And The Casino (March 30, 2026)

Posted in China, Derivatives, Insider Trading, Iran, Isreal, Niner Eleven, Oil, Propoganda, Trump, War, World War E, World War III, World's Reserve Currency on March 30, 2026 by e-commentary.org

. . .

J          “‘Insider Bombing’ works.  Trump is making foreign policy decisions to advance business opportunities for himself and his cronies.”

K          “That is unconstitutional and illegal, but such quaint guardrails are not impediments today.  Convicted felons, con men, child diddlers, loan sharks, used car salesmen, and real estate tycoons are making deadly decisions to make easy dough.”

. . .

K          “A number of detailed studies looked at all the insider sales of airline stock in the days before 9/11.  Some of those in power knew exactly what was planned and when.  When the official report found that there was no insider trading by disregarding and overlooking the evidence, I was even more convinced and satisfied that there was insider trading.”

J          “To read an official report today, insert ‘not’ in some sentences.  Delete ‘not’ in other sentences.  FIFY.”

. . .

J          “So many conservatives attacked Hunter Biden for pocketing a few dollars from Burisma in the Ukraine.  The total was less than a million dollars.  Trump and his gang are making billions from their grift and graft.”

K          “Biden, Inc. was involved in systematic corruption, but it was admittedly only chump change.  The Ukraine was and is a money laundering operation for the Democrats.  Everyone in power profits from war.”

. . .

J          “The U.S. has been running a protection racket.  The rest of the world can see that the bully pretending to do business as the policeman may not have the weapons, the tactics, and the grit to provide protection.  The gig may be up.”

K          “That is one of the surprises.  Many countries have long memories.  What the oppressed countries will do to the oppressors when the tables are turned may be unprecedented in human history.”

. . .

J          “The way things are going, boys from Boise to Biloxi to Bayonne are bound for body bags.”

K          “Some are saying that allowing a few hundred Marines to be killed would allow Trump and gang to galvanize the country in support of the war and invasion.”

J          “They are evil.  Nothing surprises me.”

. . .

J          “Trump talks about peace talks when they are not talking about peace.  They will be engaged in an even greater conflict on Memorial Day.”

K          “And still raging on the 250th Anniversary in July.  Iran has absorbed the blows.  To quit now would condemn the country for the next generation.  The leadership is decentralized and likely at least a dozen of the leaders will continue the fight.  Almost everything we are being told is a lie, yet we will know how this transpires in the next few months.”

. . .

K          “Israel and the U.S. launched their Hornets and stirred up a hornet’s nest.  The hornets get many vetoes and may get the last vote.”

J          “And maybe get the last laugh.” 

. . .

[See “Mysterious trading patterns follow Trump into war” by Zachary Basu in “Axios” dated March 25, 2026.]

[See the dense and detailed e-commentary ten years ago on the business activities of Presidents past and present including Trump, Inc. and how the profitable universities are part of the hustle at Clinton, Inc., Trump, Inc., Bush, Inc., Kennedy, Inc., O’Bama, Inc. (October 24, 2016) and “Clinton, Inc., Trump, Inc., Bush, Inc., Kennedy, Inc., O’Bama, Inc. (October 24, 2016)” Four Years Later (October 26, 2020).]

Bumper sticker of the week:

Behind every great fortune there is a great crime.

TACO:  Trump Always Chickens Out

Gallipoli 2026

When a clown moves into a palace, he doesn’t become a king.  The palace becomes a circus.  Ancient Turkish proverb.

WW E / III:  Two Weeks To Flatten The Country.  Oh, And Happy St. Patrick’s Day! (March 16, 2026)

Posted in China, Iran, War, Oil, Trump, World's Reserve Currency, World War E, World War III, Derivatives, Isreal on March 16, 2026 by e-commentary.org

. . .

K          “Six years ago to this very Monday, those in power proclaimed they needed only two weeks to flatten the curve.  Trump is now proclaiming that he needs only two weeks to flatten Iran.”

J          “Looks like Fort Israel may be flattened within a few weeks.  Everything is falling flat.”

. . .

J          “The two-year-old narcissist threw a tantrum and a hissy fit in public.  He does not play well with others.  And others are not willing to play well with him.”

K          “His behavior is so infra dig at a time when he is digging a deeper hole.”

J          “No one ever told him:  ‘When you are in a hole, quit digging.’”

K          “The sycophants and court jesters around him do not have the courage or the incentive to tell him that the puppet looks like a buffoon.  He went way off script when he became the first American President to acknowledge publicly that Israel has nuclear weapons and then surmised that Israel would not likely use them.”

J          “He is not operating with a functioning frontal lobe.”

K          “Time for the Twenty-Fifth Amendment?

. . .

J          “Most diplomacy and other shenanigans go on behind closed doors.  However, based on some official statements, the UK, France, Germany, Italy, Japan, Australia and South Korea suggest they may not sail their vessels into the buzz saw.  They are able to look at the current AIS data and take a hint from the heavily-fortified Abraham L. and Gerald F. and supporting entourage of vessels that are staying way offshore and far from threats.”

K          “What if Trump issued a direct order to the U.S. Navy to sail into the Strait?  Although the order is irrational and suicidal, the order is not patently illegal under United States or international law.” 

. . .

J          “Those in power are shifting the narrative to support a draft.”

K          “On the Solstice, December 21, 2023, Frank Murkowski of Alaska delivered a present to the youth of America.  We are coming for you and taking your liberty and likely terminating your life.”

J          “Oh, And Have A Happy Christmas!  The soccer dad you mentioned will drive the kids to the induction center and swap soccer cleats for combat boots.”

. . .

K          “I must confess some surprise at how unaware and indifferent the public is to the horrors of the war and the likely devastating economic, political, and social repercussions in the next few weeks and months.  The indifference reflects a populace of zombies just trying to crawl through the day without looking up or making a commitment.”

J          “One needs to understand and cannot forget that the public is objectively overwhelmed by events.  Few have the emotional software and the intellectual hardware to make any sense of what is transpiring.”

. . .

K          “Someone could modify ‘The Charge of the Light Brigade’ into ‘The Charge of the Lighter Barge’ to provide some poetic flair to the despair.”

J          “The Strait now appears to be a toll road open to those with Yuan or to those who pay allegiance to those who issue Yuan.”

. . .  

[See “Frustrated by Failure, an Unhinged Trump Begins to Tilt as Hormuz Standoff Heats Up” by Simplicius at “Simplicius76” on March 15, 2026.]

[See the e-commentary on the strategic, geographic and economic choke point that is the Strait at Strait of Hormuz or Deutsche Bank?  Deriving Derivatives (July 8, 2019) and So It Was The Red Sea And Credit Suisse.  Who’s Counting?  (Strait of Hormuz or Deutsche Bank?  Deriving Derivatives (July 8, 2019)) (February 12, 2024).  See the special edition uploaded on derivatives on St. Patrick’s Day three years ago this week at Special Edition.  Deciphering Derivatives.  Oh, And Happy Saint Patrick’s Day! (March 17, 2023).  The first rumblings of a draft are discussed more than two years ago at Le Draft.  And A Day Of Remembrance.  Oh, And Happy Presidents’ Day! (February 19, 2024).] 

Bumper stickers of the week:

FAFO

Karma

“When you are in a hole, quit digging.”

“When a clown moves into a palace, he doesn’t become a king.  The palace becomes a circus.”  Ancient Turkish proverb.

Another Vietnam

Silver As The Canary In The Economic Mine (December 8, 2025)

Posted in Repurchase Agreement, Silver, Treasury, World's Reserve Currency on December 8, 2025 by e-commentary.org

. . .

K          “Something is up.”

J          “The price.”

. . .

K          “Its use as both an industrial metal and a precious metal positions it as a valuable and insightful barometer of economic events.”

J          “The Chinese and the British have always liked the stuff as money.  Industry also likes the metal.  Semiconductors, EVs and other clean energy production require the real thing and cannot be papered over with paper deliveries.”

K          “Someone with some insight believes that the supply of industrial silver metal may not meet the demand in the next year.”

. . .

K          “De-dollarization is quietly moving forward.  The dollar is slowly but measurably slipping as the world’s reserve currency while the U.S. Treasury Instruments are slipping as the world’s reserve asset.”

J          “Everyone has reservations about the U.S.  In a subtle way, the dollar as the ‘medium of exchange’ and the ‘unit of account’ and the UST as the ‘store of value’ are all threatened.”

K          “The sale of gold and silver at Costco is a palpable reveal.  Some fortunate little people are following the lead of the big banks and the central banks.  The people realize they need something real as a store of value.”  

. . .

K          “The decision by the Biden Administration to steal Russian assets in contravention of every legal convention and every economic conviction was an economic and political nuclear bomb dropped on the world.  The world realized what the world always suspected.  The United States is the suspect. The United States cannot be trusted.”

J          “Trust today is almost no longer even a theoretical construct.”

. . .

K          “This thing known as the Japanese carry trade seems to be blowing up, but I do not understand all the implications.”

J          “The thing known as the Repurchase trade seems to be blowing up, but I do not understand all the implications.”

. . .

K          “Do you believe there was a power outage at the CME that interrupted trading?”

J          “Not a chance.  Things were getting out of control.  So they pulled the plug.  They pulled the power when they realized they were losing power.”

K          “The plug may be pulled again.”

J          “They are losing power.”

. . .

K          “There sure are fractures and fissures in the economy.”

J          “Stay tuned.”

. . .

[See“Model Collapse: The Entire Bubble Economy Is a Hallucination” By Charles Hugh Smith dated December 3, 2025 in “www.oftwominds.com.”] 

[See the e-commentary at Too Much Dirt; Too Few Rugs. Repurchase Agreements (September 23, 2019) noting the trouble in the market for Repurchase Agreements in real time in September of 2019, Holographic Treasury Rates?  The 500 Trillion Asset Steal?  And Then The Great Taking?  Oh, And Happy IRS Day! (April 14, 2025) venturing that the government could simply pretend and report that it found buyers for the Treasuries, “De-Dollarization” Is The Word Of The Week.  And The Development Of the Year. (April 24, 2023) on a slow but growing transition, Not World War Tres.  Again.  The U.S. Declares War On Russia.  Again.  Oh, And Happy Thanksgiving!  Again. (November 25, 2024), Portentous Developments In 2022? (January 23, 2023), Sanctions, Supply Chains And World War E (March 7, 2022) and World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014).]

Bumper stickers of the week:

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

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

Financial disclaimer.  e-commentary and e-commentary llc are not engaged in rendering legal, tax, or financial advice or services via this website.  Neither e-commentary nor e-commentary llc are financial planners, brokers, or tax advisors.  The website is intended only to assist you in your financial education.  Your personal financial situation is unique.  Any information and advice obtained through this website may not be appropriate for your situation.  Accordingly, before making any final decisions or implementing any financial strategy, you must and shall consider obtaining additional information and advice from your lawyer, accountant or other financial advisers who are fully aware of your individual needs and circumstances.

Another BRICS In The Wall? (August 28, 2023)

Posted in BRICS, Great Transition, World's Reserve Currency on August 28, 2023 by e-commentary.org

. . .

K          “A few more BRICS in the Wall?  Much if not most of the world is trying to erect a firewall to protect against US-led aggression and domination.”

J          “But no one really knows.  No one really cares.  It is not a topic at the water cooler or around the bar-b-que.  If I said BRICS, someone would think I was building a walkway.  A few stragglers may have some idea.”

. . .

K          “From the reports, Brazil, Russia, India, China and South Africa appear to be admitting the United Arab Emirates, Egypt, Iran, Saudi Arabia, Argentina and Ethiopia to the Club.  Look at the resources and population and land mass and other metrics.  Collectively, the Club will wield a much bigger club.”

. . .

K          “Seems to me that the most effective way to unite a group of folks with disparate goals and interests is to identify and demonize a common enemy especially one that is a true demon.”

J          “Seems to be a truism not just of politics but of human nature.  Overlooking internal divisions is easier with an outside divider threatening everyone.  That is at play and at work.”

. . .

K          “The United States does not have the individual talent or the talented institutions to recognize and adjust to changing realities.  The United States does not have the human capital in positions of power.  We are hosed.”

J          “Bummer.”

. . .

J          “The mess we are bequeathing to the kids is a real and an unreal and a surreal mess.  No one really knows, yet there are a few stragglers who do care and are concerned but cannot figure out how to manifest their care and concern.”

K          “Folks are restless and restive and not resting well.  Things are festering faster and percolating precipitously.”

. . .

[For an exuberant but perhaps exaggerated perspective on the Great Transition, see ‘Welcome to the BRICS 11’ by Pepe Escobar, the recipient of the Sixth Annual Pushitzer Prize In Commentary For 2021 (June 7, 2021), dated August 25, 2023 in “thecradle.co”]     

[See the e-commentary at Portentous Developments In 2022? (January 23, 2023),  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:

There is a disturbance in the force

There is a disturbance in the farce

Multipolarity – Coming to a planet near you

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

Bummer

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

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

Sanctions:  Stupid, Absurd, Futile?  Oh, And Happy Armistice Day / Remembrance Day / Veterans Day! (November 11, 2019)

Posted in Sanctions, SWIFT, World's Reserve Currency on November 11, 2019 by e-commentary.org

. . .

J          “But stupidity, absurdity and futility may be the unwitting goals.  Or they may not even have a goal.”

K          “Or an idea.”

. . .

K          “At least sanctions have the saving grace of not being more bombing and more killing and more killing and more bombing and more bombing and more killing.”

J          “They are considered tools of diplomacy rather than weapons of war.  However, I am not so sure whether they are not ineffective as tools of diplomacy yet very effective in instigating war.”

. . .

K          “Sanctions imposed on a country unite the country against a common threat and accelerate the drive to be independent of the good or service being withheld.  Denying a people things ranging from exotic fromage to the esoteric internet financial infrastructure to handle business transactions becomes the mother of invention.”

J          “And in the intermediate term, the sanctioned people become more independent and much stronger.”

. . .

K          “Far too many of the sanctions imposed by the United States are illegal under national and international law, weaponize the U.S.’s control of the world’s reserve currency, and/or are simply counterproductive and invite blowback.”

J          “There will be blowback.”

. . .

[See the e-commentary including the discussion of sanctions at “‘Grexit’, ‘GrexEUnt’, Percolating Problems:  PIIGS, BRICS, EU, EC, ECB, IMF, NATO, WTO, WAR (February 23, 2015)”, a discussion of SWIFT and other topics at “The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018)” and “World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014)”.]

Bumper stickers of the week:

“That which does not kill me only makes me stronger.”  Nietzsche

“The real power in America is held by a fast-emerging new Oligarchy of pimps and preachers who see no need for Democracy or fairness or even trees, except maybe the ones in their own yards, and they don’t mind admitting it.  They worship money and power and death.  Their ideal solution to all the nation’s problems would be another 100 Year War.”  Hunter S. Thompson

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