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

Deliberating Gun Control Delicately (March 19, 2018)

Posted in Boycott Series, Guns, Law, Second Amendment on March 19, 2018 by e-commentary.org

. . .

K(GO) “No psychos.”

GO1     “No psychos.  They give responsible gun owners a bad name.”

K          “Most folks implement the ‘No Psychos’ idea with universal background checks equally for every gun transfer including at gun shows.”

GO2     “That may not work.”

K          “Work with me on this one.  Remember that every psycho who gets a gun takes a gun away from a responsible gun owner.”

GO3     “Hard to argue with that.”

K          “A twenty-one year old male today has a life expectancy of about 61 plus years.  At one gun a month, he will acquire 736 guns, give or take.”

GO1     “There you go.”

K          “So we adopt a minimum purchase age of twenty-one.  On one’s twenty-first birthday, give her or him a gun.  Skip going to the bar and go to the range.  Home on the range, they say.”

GO2     “I hear you.”

K          “One purchase a month is the way to go.  Purchasing a gun without reading a few magazine reviews first may result in you buying the wrong magazine . . . and attached gun.  Buying a gun is not like buying a burger on the drive home.”   

GO3     “That is the difference between a ‘collection of guns’ and a ‘gun collection,’ if you know what I mean.”

. . .

[See the e-commentary at “The ‘Gun Show Loophole’:  A Dialogue Among Gun Owners.  Oh, And Happy Presidents’ Day (February 19, 2018)” and “Get A Gun; Practice Gun Safety (January 25, 2016)”.]

Bumper stickers of the week:

Fe & Pb > ETOH

Gun control means non-psychos hitting their target.

A man convinced against his will is of the same opinion still.

If you haven’t connected emotionally, you won’t connect intellectually.

Boycott the NRA

Boycott the National Rifle Association

The Power Of Small Thinking (March 12, 2018)

Posted in Courts, Education, Judges, Peoplocene Age, Plastic, Schooling, Society on March 12, 2018 by e-commentary.org

. . .

K          “Decade in and decade out in every venue from academia to the courts, when big thinking confronts the typical small thinking individual or institution, small thinking almost always emerges.”

J          “C’est la life.  If there is no money in big thinking and buckets of money in small thinking, then small thinking prevails.  It is the first law of societal thermo-economico-dynamics.”

. . .

[Plastics continue to plague the planet.  See “Saving the albatross: ‘The war is against plastic and they are casualties on the frontline’” in “The Guardian” by Anna Turns dated March 12, 2018.  Time to think big.  See the e-commentary at “Living In The “Peoplocene Age”.  The Inconvenient Truth:  Renewable Energy Is Not Sustainable; The Population Must Be Restrainable.  (December 12, 2016)”.]

[See the e-commentary at “On Merit and the Meritocracy (January 11, 2010)”, “On Standards & Quality (July 20, 2015)”, “‘You Can’t Be Smarter’ (August 10, 2015)”, “Federal Judges:  Institutionalized Bullying (September 18, 2017)”, “Arctic High School Court (May 23, 2016)”, “The Ninth Circuit:  Two-Tiered ‘Just-Us’ Review (February 13, 2017)”, “The Paradox Of The Republican Federal Judge:  Republican Federal Judge Syndrome (September 23, 2013)”, “MPP / MPA:   Are They Really Masters?  (November 13, 2107)”, “So Many Words, So Few Ideas (September 21, 2009)”, “Skip the Nobel in Economics? (October 5, 2009)” and “How To Run A Newspaper (February 8, 2016)”.)

Bumper stickers of the week:

BIG THINKING in -> small thinking individual or institution -> small thinking out

e-commentary:  BTI -> BTO (BTU?)

Competency is so overrated.

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”  Upton Sinclair

“When small men begin to cast big shadows, it mean that the sun is about to set.”  Lin Yutang

Think big, think long.

Terrorized By Trumpi’s Tariffs (March 5, 2018)

Posted in Automobiles/Automobile Industry, Banks and Banking System, Blue States / Red States, Currency, Kleptocracy, South, Tariffs, Trump, War on March 5, 2018 by e-commentary.org

. . .

K          “In his latest Twitter tantrum, Trumpi announced that he is going to terrorize the world with tariffs.”

J          “He is a twit.  Everyone but Trumpi knows that tariffs are tarrible.”

. . .

K          “Trumpi may place tariffs on foreign cars.  The BMWs manufactured in the foreign country of South Carolina and the Volkswagens made in the foreign country of Tennessee and the Mercedes made in the foreign country of Alabama all will be tariffed.”

J          “The South is the New Germany.  Lindsay Graham is the Senator from South Carolina, New Germany.”

K          “The South is also the New Japan.  The Toyotas from the foreign country of Kentucky also will be tariffed.  Mitch McConnell is the Senator from Kentucky, New Japan.  Someone said that other countries may place a tariff on Kentucky bourbon.  That will get Mitch in a tither.”

J          “What if other nations boycott Harley-Davidson?  They are made in Paul Ryan country.”

. . .

K          “Makes you wonder if most of the Red States are actually foreign countries.  We may soon need a passport to visit and transit.”

. . .

J          “Tariffs are a toll that takes such a toll.”

. . .

K          “A boycott of Harley-Davidson . . . now them is fighin’ words.  And that’s the problem.  A trade war often becomes a war war.”

J          “Trade wars often become currency wars.  Currency wars often become trade wars.  A currency war combined with a trade war almost always becomes a war war.”

. . .

K          “Putin sent a message on March 1 to the U.S. that seems to have been lost in translation and buried in the cacophony of chaos.  If the U.S. attacks, Russia will respond.”

J          “No one is listening over the din.”

K          “No one is listening.  Too many hurricanes are hurling toward the house of cards.”

. . .

[March 8 – International Women’s Day]

[See the e-commentary at “Bankruptcy Auto Companies (December 8, 2008)” on the auto industry in the South.]

Bumper stickers of the week:

The chaos is getting even more chaotic.

Trade War -> Currency War; Currency War -> Trade War; Trade War + Currency War -> War War

Russian Interference; Russian Collusion (February 26, 2018)

Posted in Clinton, Elections, Guns, Rule of Law, Russia, Trump, War and Wall Street Party on February 26, 2018 by e-commentary.org

. . .

K          “America has engaged in rampant election interference throughout the world for a very long time.  That is where Americans get the expression that something is ‘as American as apple pie and election interference’.  It is who we are.”

J          “America does not just interfere in elections, if the democratic process in a country lawfully produces an inconvenient outcome, America overthrows the government or assassinates the winner.”

K          “America is the beacon for the world and the city on the hill.”

J          “On some level, Americans should be proud that the Russians are emulating us.  They know a good thing when they see it.  And they are again stealing good things from us without a word of thanks.”

. . .    

K          “Russia appears to have given ammo cans of money to the National Rifle Association (NRA) to flood American voters with vile and evil propaganda.”

J          “Seems that the NRA subjected every NRA member to a steady flow of pro-Trumpi and anti-Clintoni propaganda each and every week and most days in the months before the election.”

K          “That Russian influence must be what has gotten the Republicans in such a tither.  They don’t like being in bed with the Commies.”

. . .

J          “I still don’t trust the Russians.  They are up to no good.”

K          “Who is up to yes good?”

. . .

K          “Keep in mind that the First Amendment limits government interference with speech and other forms of expression.  America and Americans have trouble with that truth when they don’t like someone’s speech.  Were the Russians engaging in anything nastier than the antics of the DNC and the RNC, the two divisions of the War and Wall Street Party?  No.  Did they have any greater impact than all the Dark Money that flooded the election courtesy of Citizens Disunited?  Not by a long shot.”

J          “I still don’t trust the Russians.  They are up to no good.”

. . .

J          “Collusion is a different animal.  When Americans work in concert with Russian operatives, we should all be concerned and ask questions.”

K          “Republicans may not adore Trumpi, but he is now the meal ticket and the money machine for them.  They have circled the wagons.  And something about the Clinton Global Initiative does not ring true.

J          “Republicans are anxious that Trumpi’s decades of money laundering for the Russians in real estate deals may not play well among good hearted Americans.  Trumpi’s deals violate enough federal laws to put him away in government-sponsored housing for two lifetimes.”

K          “Except that we do not live in a country that believes in or adheres to the rule of law.”

J          “There is that problem.”

. . . 

[See the e-commentary on the efficacy of the sanctions against Russia titled “World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014)”.]

Bumper stickers of the week:

We live in a country with many, many, many rules and many, many, many laws, but we do not live in a country that believes in or adheres to the rule of law.

You cannot get out of bed in the morning without violating some section of title 18 of the United States Code, the federal criminal code.  In fact, and as a matter of law, you cannot stay in bed in the morning without violating some section of title 18 of the United States Code, the federal criminal code.  In practice, the United States is a system of men not laws because men and women opt from the panoply of laws that punish all behavior and decide who is and who is not imprisoned.

There is no law.  There is only ideology.

Boycott the NRA

Boycott the National Rifle Association

DNC = RNC = WWP

The “Gun Show Loophole”: A Dialogue Among Gun Owners.  Oh, And Happy Presidents’ Day! (February 19, 2018)

Posted in Boycott Series, Guns, Law, Second Amendment on February 19, 2018 by e-commentary.org

. . .

K(GO) “Here’s another perspective.  Psychos have rights.  Right?  What we need is a law that allows every confirmed psycho to purchase one rifle or pistol a month.”

GO1     “A confirmed psycho?”

K          “Multiple convictions for domestic violence, wife beating, violent outbursts, assault charges.  The usual.”

GO2     “No question that the person is a psycho?”

K          “No question.  While we are at it, how about allowing every confirmed psycho to purchase one rifle or pistol a week.”

GO3     “Now hold on there . . . .  I’m not so sure.  You say he is a confirmed psycho.  Well, if he is a confirmed psycho, he is the type of person who probably should not have a gun.  But only if he is truly a confirmed psycho.”

GO2     “That is where I draw the line.”

. . .

K          “Great Americans like me can buy a gun.  Great Americans like you can buy a gun.  Psycho Americans like the psycho Americans . . . maybe not.”

GO1     “Sounds about right.”

K          “The only solution is to require a background check as part of every purchase from a dealer or from a private purchaser.”

GO2     “That makes some sense.”

. . .      

. . .

K          “In about five minutes after the meeting that night, I moved the three of them off a position they have never even allowed anyone ever to challenge.”  

J          “They may be willing to listen to someone who has a few guns.  Always structure an argument so that they convince themselves.”

K          “The half-life of the message may be two weeks.  I stayed on message and tabled asking them if they were troubled that the Russians appear to have funded the National Rifle Association’s (NRA’s) bombardment of them almost daily with propaganda during the months before the 2016 election.”

J          “Next meeting.  Next month.”

. . .  

[GO:  Gun Owner]

[See the e-commentary at “Get A Gun; Practice Gun Safety (January 25, 2016)”.]

Bumper stickers of the week:

A man convinced against his will is of the same opinion still.

If you haven’t connected emotionally, you won’t connect intellectually.

Boycott the NRA

Boycott the National Rifle Association

Bugging Out To N.Z.:  The Movie, Part 2.  Oh, And Happy Valentine’s Day! (February 12, 2018)

Posted in Aviation, Class, Climate, Collapse, Community, Contracts, Global Climate Change, Kleptocracy on February 12, 2018 by e-commentary.org

. . .

K          “Those who want to bug out to New Zealand seem to believe the island is ‘PLAN B’ on this planet.”

J          “And yet the thoughtful folks who think about it observe that ‘There is no PLANet B’ in our universe.”

K          “Not even Mars.” 

. . .

K          “When the funds run out to guard the compound, the guards will walk off the job.”

J          “I would clear the runway and clear the plane to land, visually if necessary.  The first aid kit, fire extinguisher and other supplies on the plane would come in useful.”

K          “The P.I.C. should pack a readily available t-shirt proclaiming ‘Don’t shoot me, I’m only the pilot’ to stand apart and then stand apart when they land.”

J          “When the kleptocrats deplane, they can be debriefed and disabused of their old ideas.  They need to know that the rules have changed.”

K          “The rules may be the same, just the participants will change.  They depart a land where ‘Might makes right’ and land in a land where ‘Might makes right’ also.  The difference is the group with the might has changed mightily.”

. . .

K          “If I were the pilot, I would let the Kleptocrats know that the manifest has changed and take my family and friends.” 

J          “The ‘theory of efficient breach’ provides the inconvenienced Kleptocrats with a cause of action against the pilot for their inconvenience.”

K          “That is a succulent use of a theory that was concocted to allow the wealthy to breach a contract that nuisances them and avoid punitive damages and the likelihood that the other party would be able to pony up the lucre in the ‘pay to play’ legal system.”

J          “I would cherish the opportunity to inform the Kleptocrat: ‘Sue me’ and then part with: ‘I’ll see you in court’ as we run up the engines and begin to head down the runway.”

. . .

K          “I asked him to forward the draft contract when they e-mail it to him.  Is he as pilot obligated to be ready to leave in four hours or six hours or eight hours?  How many family members is he allowed to take with him?  However, when the Collapse comes, all contracts are advisory and voidable.  The pilot can amend the manifest and take his family and friends to the promised land.  That could be the plot twist for the third plane that actually completes the flight.”

J          “We might ‘Immanentize the Eschaton’ in the new land, the New Z-land.”

K          “Perhaps the most prudent strategy for the locals is to bivouac next to the compound, befriend the guards and be ready for the transition.”

. . .

K          “Before takeoff, China will already have taken over both islands.”

J          “Unless an earthquake devastates and cracks the runway first.”

. . .

[Listen to this excerpt from Carl Sagan’s Pale Blue Dot (1994).]

[See the e-commentary at “Bugging Out To N.Z.:  The Movie (June 26, 2017)” and “Immanentize the Eschaton.  Say What? (August 22, 2016)”.]

Bumper sticker of the week:

There is no PLANet B

Going Forward With The “Reverse Stock Split” (February 5, 2018)

Posted in Crime/Punishment, Dow Jones, Federal Reserve, Kleptocracy, Rackets, Rule of Law, Stock Market on February 5, 2018 by e-commentary.org

. . .

K          “The Federal Reserve has purposely pursued a policy to punish citizens, including millions of hard working and God fearing Americans in their retirement, who merely seek a predictable and reasonable rate of return on their money.  If citizens want any real return on their money, the Fed forced them into the stock market racket.”

J          “Which is a crime and really should be punished as a crime.”

K          “Except we subsist in a country without the rule of law.”

. . .

K          “The Dow was at about 26,000 last week before today’s collapse, yet the real value of the underlying stocks measured by realistic price/earnings ratios is only about 13,000 to perhaps 15,000.”

J          “But that type of thinking undermines the consensus that all Americans are financial geniuses.”

K          “The ‘Wealth Effect’ is surreptitiously impoverishing many of those financial geniuses.  Too many investors/speculators are spending more money or, even worse, incurring more debt without realizing that their faux wealth will soon vaporize.”

J          “The ‘Poverty Effect’ will be a bodacious and stupendous bummer.”

. . .

K          “Check this out.  In a typical stock split, one share at $100 per share is split into two shares at $50 per share.  That thinking is so outmoded and outdated.  Everything in the stock market is hocus pocus.  I propose a reverse stock split where one share at $100 per share is split into two shares at $100 per share.  We need to create wealth.”

J          “Count me in.  The Dow at 52,000.  Just like that.  Twice as rich.  But with the absurdity, the insanity, the depravity and the irrationality that defines our reality, why not a three for one split and thus a Dow of 76,000.  Thrice as rich.  Just like that.  We need to concoct wealth.”

K          “Pocus hocus.  Count me in.”

. . .

[See the e-commentary at “The Dow Is The Canary (April 26, 2010)”.]

Bumper stickers of the week:

The Dow at 104,000!!!!!!!!!!!

Or not.

Divas And Divos At Davos (January 29, 2018)

Posted in Antitrust, Banks and Banking System, Globalization, Kleptocracy, Rackets on January 29, 2018 by e-commentary.org

. . .

K          “I like their knife.”

J          “The common folk need a people’s Davos.”

. . .

K          “The world is not flat.  From afar, it is a mysterious big blue marble with swirling white clouds.  Up close, it is one long unlevel playing field with all the big players playing a game with the little players.”

J          “When you think about it, ‘globalization’ is an anagram derived from neo-colonialism and neo-imperialism and neo-capitalism and neo-consumerism.”

. . .

K          “When the one one-thousandths of one percent (.001 %) get together, you know they are up to no good.”

J          “They fix prices, but they do not fix problems.”

. . .

K          “They say that a conspiracy is two or more people working together for one end.”

J          “My theory is that they are conspiring to put the fix on us.”

. . .

[See the e-commentary at “Humanity’s Motto:  To Enslave And To Colonize (January 27, 2014)”, “The ‘Superfluous Consumer’ (July 27, 2015)” and “Is The American Consumer Irrelevant? (December 12, 2011)”.]

Bumper sticker of the week:

“Qu’ils mangent de la brioche”

Government Shutdown: Shutdown Congress (January 22, 2018)

Posted in Class, Congress, Gender, Race, Term Limits, Women's March on January 22, 2018 by e-commentary.org

. . .

K          “Shut down Congress.”

J          “Vote them out.”

. . .

K          “One word.  Term limits.”

J          “If Congress does not limit its term, we must limit their terms.”

. . .

K          “We need 20/20 vision in the upcoming 2018 elections.”

J          “Hindsight is 20/20, but only if you want to see things clearly.”

. . .

[See the e-commentary at “Marching For Science And Momma (April 24, 2017)”, “Women’s March On Washington (Woodstock With Conviction) / Coronation (January 23, 2017)” and “Debt Ceiling Dilly-Dallying?  Term Limit Amendment = Balanced Budget Amendment (December 11, 2017).”]

Bumper stickers of the week:

Throw the bums out

We need 20/20 vision in the upcoming 2018 elections

Women’s March 2018 signs courtesy of Doonesbury:

Make America Smart Again

First We Marched, Now We’re Running (For Office)

Does This Ass Make My Country Look Small?

Grab ’em By The Midterms

Super Callous, Fascist, Racist, Sexist, Braggadocious

Women Are The Wall And Trump Will Pay

Too Much Bulls*** For One Sign

They tried to bury us.  They didn’t know we were seeds.

Elect A Clown, Get A Circus

Without Hermione, Harry Would Have DIED

I know signs.  I make the best signs.  They’re terrific.  Everyone agrees.