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The New York Times is Orwell’s Ministry of Truth

The New York Times is Orwell’s Ministry of Truth

As today dawned, I was looking out the window into the cold grayness with small patches of snow littering the frozen ground.  As light snow began to fall, I felt a deep mourning in my soul as a memory came to me of another snowy day in 1972 when I awoke to news of Richard Nixon’s savage Christmas bombing of North Vietnam with more than a hundred B-52 bombers, in wave after wave, dropping death and destruction on Hanoi and other parts of North Vietnam.

I thought of the war the United States is now waging against Russia via Ukraine and how, as during the U.S. war against Vietnam, few Americans seem to care until it becomes too late.  It depressed me.

Soon after I was greeted by an editorial from The New York Times’ Editorial Board, “A Brutal New Phase of the War in Ukraine.”  It is a piece of propaganda so obvious that only those desperate to believe blatant lies would not fall down laughing.  Yet it is no laughing matter, for The N.Y. Times is advocating for a wider war, more lethal weapons for Ukraine, and escalation of the fighting that risks nuclear war.  So their title is apt because they are promoting the brutality.  This angered me.

The Times’ Editorial Board tells us that President Putin, like Hitler, is mad.  “Like the last European war, this one is mostly one man’s madness.”  Russia and Putin are “cruel”; are conducting a “regular horror” with missile strikes against civilian targets; are “desperate”; are pursuing Putin’s “delusions”; are waging a “terrible and useless war”; are “committing atrocities”; are responsible for “murder, rape and pillaging,” etc.

…click on the above link to read the rest…

This Time It’s Different

This Time It’s Different

Neither we nor our allies are prepared to fight all-out war with Russia, regionally or globally.

President Biden Delivers Remarks On Gas Prices
An image of Russian President Vladimir Putin is displayed as U.S. President Joe Biden speaks about gas prices in the South Court Auditorium at the White House campus on June 22, 2022. (Drew Angerer/Getty Images)

Until it decided to confront Moscow with an existential military threat in Ukraine, Washington confined the use of American military power to conflicts that Americans could afford to lose, wars with weak opponents in the developing world from Saigon to Baghdad that did not present an existential threat to U.S. forces or American territory. This time—a proxy war with Russia—is different.

Contrary to early Beltway hopes and expectations, Russia neither collapsed internally nor capitulated to the collective West’s demands for regime change in Moscow. Washington underestimated Russia’s societal cohesion, its latent military potential, and its relative immunity to Western economic sanctions.

As a result, Washington’s proxy war against Russia is failing. U.S. Defense Secretary Lloyd Austin was unusually candid about the situation in Ukraine when he told the allies in Germany at Ramstein Air Base on January 20, “We have a window of opportunity here, between now and the spring,” admitting, “That’s not a long time.”

Alexei Arestovich, President Zelensky’s recently fired advisor and unofficial “Spinmeister,” was more direct. He expressed his own doubts that Ukraine can win its war with Russia and he now questions whether Ukraine will even survive the war. Ukrainian lossesat least 150,000 dead including 35,000 missing in action and presumed dead—have fatally weakened Ukrainian forces resulting in a fragile Ukrainian defensive posture that will likely shatter under the crushing weight of attacking Russian forces in the next few weeks.

…click on the above link to read the rest…

The Most Egregious Mistake

The Most Egregious Mistake

The U.S. government is hostage to its financial hegemony in a way that is rarely fully understood…

It is the miscalculation of this era – one that may begin the collapse of dollar primacy, and therefore, global compliance with U.S. political demands, too. But its most grievous content is that it corners the U.S. into promoting dangerous Ukrainian escalation against Russia directly (i.e. Crimea).

Washington dares not – indeed cannot – yield on dollar primacy, the ultimate signifier for ‘American decline’. And so the U.S. government is hostage to its financial hegemony in a way that is rarely fully understood.

The Biden Team cannot withdraw its fantastical narrative of Russia’s imminent humiliation; they have bet the House on it.

Yet it has become an existential issue for the U.S. precisely because of this egregious initial miscalculation that has been subsequently levered-up into a preposterous narrative of a floundering, at any moment ‘collapsing’ Russia.

What then is this ‘Great Surprise’ – the almost completely unforeseen event of recent geo-politics that has so shaken U.S. expectations, and which takes the world to the precipice?

It is, in a word, Resilience.

The Resilience displayed by the Russian economy after the West had committed the entire weight of its financial resources to crushing Russia. The West bore down on Russia in every conceivable way – via financial, cultural and psychological war – and with real military war as the follow-through.

Yet, Russia has survived, and survived relatively handsomely. It is doing ‘okay’ – maybe better, even, than many Russia insiders were expecting. The ‘Anglo’ Intelligence services however, had assured EU leaders not to worry; it’s ‘slam dunk’; Putin cannot possibly survive. Rapid financial and political collapse, they promised, was certain under the tsunami of western sanctions.

…click on the above link to read the rest…

World War III: Has It Begun?

World War III: Has It Begun?

Has World War III already begun?

That’s a serious question and deserves serious consideration by investors. A wave of analysts and commentators have warned that the war in Ukraine could spin out of control and escalate into World War III.

One variation on that theme is that the war could escalate into a nuclear war with tactical nuclear weapons deployed. Most point a finger at Russia as the party that will launch a nuclear strike out of desperation at a failing campaign in Ukraine.

Actually, the opposite is true.

The Russian campaign is not failing (it has been on hold for several months awaiting the right conditions to launch a winter offensive). You just don’t hear about it in the mainstream media, which is essentially a propaganda outlet for Ukraine.

And the party most likely to use nuclear weapons first is the U.S. in order to save face and destabilize Russia once Ukraine is on the brink of collapse.

Reality Check

Many people have a hard time believing that. They’ve been told that Putin is the devil incarnate and would probably like to destroy the world. We like to think that in modern times we’re sophisticated and above falling prey to propaganda. Unfortunately, it isn’t true.

The fact is the U.S. did wage the only nuclear war in history from Aug. 6–9, 1945 and had a successful outcome. I’m not getting into the morality of it here, one way or the other. I’m just being objective.

Either way, another nuclear war could not be contained and it would be tantamount to World War III. It amounts to the same thing.

…click on the above link to read the rest…

A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status

A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status

The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.

One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.

These sentiments are not only pervasive among mainstream economists, they are also all over the place within the alternative media. I suspect the main hang-up for liberty movement analysts is the notion that the globalist establishment would ever allow the dollar or the US economy to fail. Isn’t the dollar system their “golden goose”?

The answer is no, it is NOT their golden goose. The dollar is just another stepping stone towards their goal of a one-world economy and a one-world currency. They have killed the world reserve status of other currencies in the past, why wouldn’t they do the same to the dollar?

Globalist white papers and essays specifically outline the need for a diminished role for the US currency as well as a decline in the American economy in order to make way for Central Bank Digital Currencies (CBDCs) and a new global currency system controlled by the IMF…

…click on the above link to read the rest…

NATO’s ‘war against Russia’ inches ‘closer to direct conflict’

NATO’s ‘war against Russia’ inches ‘closer to direct conflict’

“We are fighting a war against Russia,” German’s Foreign Minister says, as the US and Germany authorize tank shipments, and new dangers, in the Ukraine proxy war.

(US M1 Abrams tanks at a training site in Germany, 2018. U.S. Army photo by Staff Sgt. Sharon Matthias / 22nd Mobile Public Affairs Detachment)

Since the first week of Russia’s invasion of Ukraine, French President Emmanuel Macron has repeated a mantra on behalf of his NATO partners: “We are not at war with Russia.”

Nearly one year in, that notion has officially been dispelled.

“We are fighting a war against Russia,” German Foreign Minister Annalena Baerbock said this week.

Baerbock was trying to assuage NATO allies’ frustration over German reluctance to send Leopard 2 tanks into Ukraine. She can now claim vindication. In a reversal of its initial position, the German government has announced it that will deliver Leopard 2 tanks to the Ukrainian army.

To overcome German Chancellor Olaf Scholz’s jitters, the White House engaged in an about-face of its own, approving the shipment of 31 US-made M1 Abrams tanks to Ukraine. Scholz had insisted on conditioning any German tanks to a similar US commitment. Up until this week, Pentagon chief Lloyd Austin was “dead set against providing” the M1s, and declared there to be “no linkage between providing M1s and providing Leopards.” Austin had argued that the M1s are too cumbersome for Ukraine, requiring costly jet fuel, heavy maintenance, and lengthy training.

Just last month, a senior US defense official declared that “even one M1 was out of the question,” according to the Washington Post. When used by US troops in Iraq, the M1s were “hard for us to sustain and maintain,” the official noted. For Ukraine, “it would be impossible.”…

…click on the above link to read the rest…

German Foreign Minister Just Said The Quiet Part Out Loud On Ukraine

German Foreign Minister Just Said The Quiet Part Out Loud On Ukraine

German Foreign Minister Annalena Baerbock bluntly stated in fresh remarks that Western allies are fighting a war against Russia. The remarks came during a debate at the Parliamentary Assembly of the Council of Europe (PACE) on Tuesday amid discussions over sending Leopard 2 tanks to Ukraine.

While Baerbock’s words were largely ignored in mainstream media, a number of pundits on social media noted with alarm that the German foreign minister just essentially declared war on Russia.

Ironically other German officials have long sought to emphasize their country is not a party to the conflict, fearing uncontrollable escalation.

Contradicting this official stance, Baerbock said the quiet part out loud, and introduced the comments with: “And therefore I’ve said already in the last days – yes, we have to do more to defend Ukraine. Yes, we have to do more also on tanks.”

And that’s when she asserted: “But the most important and the crucial part is that we do it together and that we do not do the blame game in Europe, because we are fighting a war against Russia and not against each other.”

Interestingly, both Chancellor Olaf Scholz and his former defense minister who recently resigned, Christine Lambrecht, have been seen as weak on arming Ukraine – repeatedly declaring an unwillingness to get pulled deeper into the proxy war aspect to the conflict. But now it seems the more hawkish Baerbock is willing to at this point be much more open with the reality of what’s happening.

Russian Foreign Ministry spokeswoman Maria Zakharova seized on the comments, saying this is yet more proof that the Western allies were planning a war on Russia all along…

“If we add this to Merkel’s revelations that they were strengthening Ukraine and did not count on the Minsk agreements, then we are talking about a war against Russia that was planned in advance. Don’t say later that we didn’t warn you,” Zakharova said.

One thing is for sure, things are moving fast…

ZH Geopolitical Week Ahead – Germany’s Leopard Tank Dilemma & Warnings Of “Global Catastrophe”

ZH Geopolitical Week Ahead – Germany’s Leopard Tank Dilemma & Warnings Of “Global Catastrophe”

A weekly round-up of geopolitical flashpoint and energy news we’re keeping our eyes on, and trends impacting global markets, which will later be accessible for Premium members and above…

The start of this week saw no less than four top level Russian officials warn of impending “global catastrophe” if the West keeps ramping up heavier arms to Ukraine, now as the decision of Germany to sign off on sending its Leopard II tanks looms.

State Duma Chairman Vyacheslav Volodin, the speaker of the lower house of Russia’s parliament, asserted in fresh remarks that NATO providing more weapons to Ukraine risks “global tragedy that would destroy” Western countries. “Supplies of offensive weapons to the Kyiv regime would lead to a global catastrophe,” Volodin said. “If Washington and NATO supply weapons that would be used for striking peaceful cities and making attempts to seize our territory as they threaten to do, it would trigger a retaliation with more powerful weapons.”

And one can read further ultra dire warnings from Moscow’s point of view… specifically from Lavrov, Peskov, and Medvedev… all statements issued on Monday. The red line is being laid out quite brightly.

As for whether these escalatory scenarios will come to pass, with Russia and the West continuing to slide toward direct military confrontation, the question of whether or not Germany resists the growing pressure from allies for it to lead the way on sending its Leopard 2 main battle tanks looms. Can Berlin resist? Will Kremlin warnings be heeded by Berlin? And for how long? Despite a growing political rift both within the Scholz government among NATO allies more broadly, it’s not looking good. Germany has already bowed to pressure early in the conflict, given it walked away from its historic neutrality. The outcome to the tank question is likely to be decided by month’s end.

…click on the above link to read the rest…

 

An Empire of Denial

Is there a rise from the dead?

Despite claims to the contrary, we still live in an age of empires. The only difference this time is that the one dominating this planet is in full denial of this fact. No empire can avoid its fate however, and this one is of no exception either. In my previous post I’ve shown how Empires fail as they meet their fate at the end of their exponential growth period, but what are the ominous signs of this happening today? How long can the Empire mask its predicament by over-reliance on foreign resources, debt and constant territorial expansion? Is there a way to stop the unraveling, once the abundant flow of resources starts declining?

Finally, is there a way back for Empires from the land of the dead?

Empire State. Photo by Patrick Langwallner on Unsplash

In order to answer these questions, we have to understand what behavior has led up to this point. The key to understand this is that the overuse of resources to the point of unsustainability almost always lends a short term political advantage over those who are more reality conscious and think generations ahead. Thus the more unsustainable your actions are, the more successful you become — on the short term at least. This bidding game virtually guarantees that the Empire ends up overdoing things, resulting in overshoot: using natural resources and polluting Nature at rates well beyond the planet’s capacity to recover.

Lacking any meaningful — let alone politically acceptable — answer to this predicament, however, the Empire’s elite finds itself in a corner. The only way forward would be a rapid adaption and a radical cut-back on excess. Yet, elites cannot back down, else their rivals (both from within and outside) would immediately take advantage, threatening the Empire to plunge into chaos…

…click on the above link to read the rest…

World On Brink Of WW3 Due To West Escalating, Medvedev Warns

World On Brink Of WW3 Due To West Escalating, Medvedev Warns

Days after he warned NATO of the likelihood of nuclear war if Russia is defeated in Ukraine, former Russian president and current deputy chairman of the security council Dmitry Medvedev on Monday said the world stands on the brink of World War III due to US and Western aggression against Russia.

“The world has come close to the threat of World War III due to impending US aggression against the Russian Federation,” Medvedev said in comments first reported by Sky News Arabia. He also emphasized he sees the conflict at a point of no return. “There are no conditions for negotiations between Russia and Ukraine now, either de facto or de jure,” Medvedev said.

On the same day, Russian Foreign Minister Sergey Lavrov voiced something similar, saying the confrontation with NATO can no longer be seen as merely a “hybrid war” or proxy war, but is instead fast approaching a real one. He said this in a joint press conference with his South African counterpart, Naledi Pandor

Lavrov explained that this “almost real” – as he put it according to state media, was something the West “has been preparing for a long time against Russia.”

He further charged that Ukraine’s leadership has created “presidents of war” and “Russophobic leaders” – particularly in reference to Present Zelensky and before him Petro Poroshenko.

Russian presidential spokesman Dmitry Peskov additionally sounded the alarm in separate Monday remarks, saying that the current rush to supply Western-made tanks to the battlefield will severely escalate the conflict. “The Ukrainian people will pay the burden of this so-called support,” he said.

Peskov also highlighted that it’s clearly creating tensions and division among allies, noting that if the tank plan proceeds, “All countries that directly or indirectly ship weapons to Ukraine are responsible for this.”

…click on the above link to read the rest…

Global South: Gold-backed currencies to replace the US dollar

Global South: Gold-backed currencies to replace the US dollar

The adoption of commodity-backed currencies by the Global South could upend the US dollar’s dominance and level the playing field in international trade.
https://media.thecradle.co/wp-content/uploads/2023/01/the-power-of-BRICS-3.jpg

Photo Credit: The Cradle
Let’s start with three interconnected multipolar-driven facts.

First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.”

So is the petroyuan finally at hand? Possibly, but Al-Jadaan wisely opted for careful hedging: “We enjoy a very strategic relationship with China and we enjoy that same strategic relationship with other nations including the US and we want to develop that with Europe and other countries.”

Second: The Central Banks of Iran and Russia are studying the adoption of a “stable coin” for foreign trade settlements, replacing the US dollar, the ruble and the rial. The crypto crowd is already up in arms, mulling the pros and cons of a gold-backed central bank digital currency (CBDC) for trade that will be in fact impervious to the weaponized US dollar.

A gold-backed digital currency

The really attractive issue here is that this gold-backed digital currency would be particularly effective in the Special Economic Zone (SEZ) of Astrakhan, in the Caspian Sea.

Astrakhan is the key Russian port participating in the International North South Transportation Corridor (INTSC), with Russia processing cargo travelling across Iran in merchant ships all the way to West Asia, Africa, the Indian Ocean and South Asia.

The success of the INSTC – progressively tied to a gold-backed CBDC – will largely hinge on whether scores of Asian, West Asian and African nations refuse to apply US-dictated sanctions on both Russia and Iran.

…click on the above link to read the rest…

World Economic Fuck’em

World Economic Fuck’em

Nothing more than an unelected globalist government slowly emerging behind the curtains, eager to abscond with your rights and tell you how to live. Really…nothing to see here.

Among the many wretched, slimy and odious things that are increasingly giving me the creeps as the sands of my life’s hourglass continue to fall is the World Economic Forum: a collective of self-righteous global elites handing down virtues, values, lessons, lectures and political initiatives to us peons out here in the rest of the world.

The “Forum” is increasingly starting to resemble a globalist government, stocked with globally unelected turbo-douchebags, who have been assembling quietly in the background while no one has noticed.

One minute you’ve never heard of them – did you know the WEF has been around for about 5 decades? – the next, the “Forum” is harboring incredible influence, mostly with “useful” bureaucratic idiots on the left who are happy to take their cues on how to napalm individual rights for betterment of advancing their agendas from anyone who will help, regardless of their motivation.

WEF Founder Klaus Schwab, either giving or receiving some bullshit “Global Citizen Award”, which no normal person has ever heard of or cared about.

That’s right: gone are the days of joking about The Great Resetowning nothing and liking it and shifting to a diet of mealworms and crickets.

I’ve arrived at a point past that – a point of being sickened by watching people that in no way, shape or form represent me or the people in my life, yammer on about what my future will or won’t look like and what things I stand for are “right” or “wrong”.

It’s right in the WEF’s mission statement:

…click on the above link to read the rest…

Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies

Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies

Rather than cheer the concept of a new currency, we’re better served to look at the velocity of that currency and the cycles of investing that currency in assets denominated in that currency for a low-risk return.

Longtime readers know not to expect me to rubber-stamp anything, be it the status quo or proposed alternatives. Our interests are best served by screening everything through the mesh of independent analysis, a.k.a. contrarianism. Which brings us to the two sources of alt-media excitement in the currency space, the petro-yuan and another wave of proposed <i<>gold-backed currencies.

I’m all for competing currencies. The more transparent and open the market for currencies, the better. In my view, everyone should be able to buy and trade whatever currencies they feel best suits their goals and purposes.

In all the excitement over de-dollarization, some basics tend to get overlooked.

1. The yuan remains pegged to the US dollar, so it remains a proxy for the USD. It will only become a true reserve currency when China lets the yuan float freely on the global FX market and yuan-denominated bonds also float freely on global bond markets. In other words, a currency can only be a reserve currency rather than a proxy if the price and risk of the currency is discovered by global markets, not centralized monetary/state authorities.

2. Most commentators stop on first base of the oil-currency cycle: China buys oil from exporting nations by exchanging yuan for oil. So far so good. But what can the oil exporters do with the yuan? That’s the tricky part: the petro-yuan has to work not just for China but for the oil exporters who will be accumulating billions of yuan.

…click on the above link to read the rest…

‘Fragmented world’ sleepwalks into World War III

‘Fragmented world’ sleepwalks into World War III

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)

The self-appointed Davos “elites” are afraid. So afraid. At this week’s World Economic Forum meetings, mastermind Klaus Schwab – displaying his trademark Bond villain act – carped over and over again about a categorical imperative: we need “Cooperation in a Fragmented World”.

While his diagnosis of “the most critical fragmentation” the world is now mired in is predictably somber, Herr Schwab maintains that “the spirit of Davos is positive” and in the end we may all live happily in a “green sustainable economy.”

What Davos has been good at this week is showering public opinion with new mantras. There’s “The New System” which, considering the abject failure of the much ballyhooed Great Reset, now looks like a matter of hastily updating the current – rattled – operating system.

Davos needs new hardware, new programming skills, even a new virus. Yet for the moment all that’s available is a “polycrisis”: or, in Davos speak, a “cluster of related global risks with compounding effects.”

In plain English: a perfect storm.

Insufferable bores from that Divide and Rule island in northern Europe have just found out that “geopolitics”, alas, never really entered the tawdry “end of history” tunnel: much to their amazement it’s now centered – again – across the Heartland, as it’s been for most of recorded history.

They complain about “threatening” geopolitics, which is code for Russia-China, with Iran attached.

But the icing on the Alpine cake is arrogance/stupidity actually giving away the game: the City of London and its vassals are  livid because the “world Davos made” is fast collapsing.

Davos did not “make” any world apart from its own simulacrum.

Davos never got anything right, because these “elites” were always busy eulogizing the Empire of Chaos and its lethal “adventures” across the Global South.

…click on the above link to read the rest…

Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos

Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos

Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, effectively pegging oil to gold and launching Petrogold.

Then, China’s President Xi visit with Saudi and GCC leaders marked the birth of the petroyuan and a leap in China’s growing encumbrance of OPEC+’s oil and gas reserves: that’s because with the China-GCC Summit, “China can now claim to have built a ‘special relationship’ not only with the ‘+’ sign in OPEC+ (Russia), but with Iran and all of OPEC+.”

At the time, Zoltan urged the reader to think of the timing of this statement in a diplomatic sense:

“President Xi communicated his message on “renminbi invoicing” not during the first day of his visit – when he met only the Saudi leadership – but during the second day of his visit – when he met the leadership of all the GCC countries – to signal the following:

GCC oil flowing East + renminbi invoicing = the dawn of the petroyuan.

And now, according to Bloomberg, Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister.

“There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” Mohammed Al-Jadaan told Bloomberg TV on Tuesday in an interview in Davos.

“I don’t think we are waving away or ruling out any discussion that will help improve the trade around the world,” Al-Jadaan said.

And echoing Poszar’s comments above, Al-Jadaan appeared to confirm The Kingdom’s goal seeking to strengthen its relationship with crucial trade partners, most notably China:

…click on the above link to read the rest…

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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