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The Cautious US Escalation Against Russia Is Developing Not Necessarily to US Advantage
The Cautious US Escalation Against Russia Is Developing Not Necessarily to US Advantage The feebleness of the US response to a Russian incursion into Kharviv, which was to prevent further strikes on civilian targets in the border city of Belgorod, and the quick Russian counter-moves, confirms how the Collective West has no good options, even […]
Gresham’s Law Comes for Science
Gresham’s Law Comes for Science Yves here. KLG below describes how science publications have become much less reliable over time, with the proliferation of “open access” journals part of the problem. As he said via e-mail: As science has hypertrophied, the bad is supplanted the good as spurious quantification of scientific research has come to […]
World’s Oldest Central Bank Keeps Sounding Alarm on Fragility of Cashless Economies. Are Other Central Banks Listening?
World’s Oldest Central Bank Keeps Sounding Alarm on Fragility of Cashless Economies. Are Other Central Banks Listening? At a time when the dominant narrative around cash is that its demise is all but inevitable, as well as broadly desirable, the 2024 payment report by Sweden’s Riksbank may offer a cautionary tale. In October last year, […]
Turkiye Suspends All Trade With Israel in Surprise New Blow; Israel Threatens Retaliation
Turkiye Suspends All Trade With Israel in Surprise New Blow; Israel Threatens Retaliation Last night, Bloomberg broke the story that Turkiye has suspended all trade with Israel. The Bloomberg account noted that Turkiye had announced the day before that it was joining South Africa in its genocide case against Israel. A later Financial Times story provides […]
The West Is Inching Closer to More Insanity in the Baltic Sea
The West Is Inching Closer to More Insanity in the Baltic Sea In the Baltic Sea – home of the twisted wreckage of the Nord Stream pipelines – another pipeline was recently damaged along with telecommunications cables. Western officials are making escalatory statements and are again floating the idea of closing the “NATO lake” to Russian […]
Big Brother Unchained: UK Government to Abolish Biometrics and Surveillance Safeguards As It Embraces Facial Recognition
Big Brother Unchained: UK Government to Abolish Biometrics and Surveillance Safeguards As It Embraces Facial Recognition “The lack of attention being paid to [public safeguards] at such a crucial time is shocking, and destruction of the surveillance camera code that we’ve all been using successfully for over a decade is tantamount to vandalism.” The United Kingdom […]
The Coming Ukraine Collapse and the “Rebuilding” Headfake
The Coming Ukraine Collapse and the “Rebuilding” Headfake Marguerite Yourcenar salvaged one of the finest lines in all literature from the first version of her masterpiece Memoirs of Hadrian: “I begin to discern the profile of my death.” We are approaching that point with Ukriane, not just its military campaign, but also its economy. That […]
From Covert to Overt: UK Government and Businesses Seek to Unleash Facial Recognition Technologies Across Urban Landscape
From Covert to Overt: UK Government and Businesses Seek to Unleash Facial Recognition Technologies Across Urban Landscape The Home Office is encouraging police forces across the country to make use of live facial recognition technologies for routine law enforcement. Retailers are also embracing the technology to monitor their customers. It increasingly seems that the UK […]
Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse
Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse The incompetence of our financial regulators, most of all the Fed, is breathtaking. The great unwashed public and even wrongly-positioned members of the capitalist classes are suffering the consequences of Fed and other central banks being too fast out of […]
Is Switzerland About to Become First Country to Outlaw a Cashless Society?
Is Switzerland About to Become First Country to Outlaw a Cashless Society? As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely. This is a rare positive news story that, […]
Companies in UK Are Hitting the Wall at Fastest Rate Since Global Financial Crisis
Companies in UK Are Hitting the Wall at Fastest Rate Since Global Financial Crisis As the price of everything, including debt, continues to soar, life is getting harder and harder for the UK’s heavily indebted businesses. Business insolvencies in the UK surged by 57% in 2022, to 22,109, according to the latest data from the Insolvency Service, […]
Unbeknown to Most, A Financial Revolution Is Coming That Threatens to Change Everything (And Not for the Better)
Unbeknown to Most, A Financial Revolution Is Coming That Threatens to Change Everything (And Not for the Better) Given how much is at stake, this financial revolution is among the most important questions today’s societies could possibly grapple with. It should be under discussion in every parliament of every land, and every dinner table in […]
Banks Around World Are Suffering Big Outages, Leaving Millions of Customers in Lurch At Worst Possible Time
Banks Around World Are Suffering Big Outages, Leaving Millions of Customers in Lurch At Worst Possible Time Twenty banks (some suffering repeated outages), six countries (one in lockdown), five continents, tens of millions of unhappy customers. There’s never a good time for your bank’s IT system to go down. But few can be worse than […]
Dire Climate Change Warning in Report for Pentagon: US Military Could Collapse in 20 Years; Lack of Water, Domestic Disasters, Disease, Mass Migrations as Threats to Operations
Dire Climate Change Warning in Report for Pentagon: US Military Could Collapse in 20 Years; Lack of Water, Domestic Disasters, Disease, Mass Migrations as Threats to Operations The Pentagon has long been concerned about the threats climate change pose to stability and how it will lead to conflicts due to mass migration and even more […]
What Does It Mean to Live in a Multipolar World? We May Be About to Find Out
What Does It Mean to Live in a Multipolar World? We May Be About to Find Out The breakdown in the Sino-U.S. trade talks has led a number of commentatorsto suggest that America’s “unipolar moment” of post-Cold War preeminence is over, as Washington lashes out against a rising China, whose economic rise threatens America’s historic dominance. […]
