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Interest Rate Tremors May Spell Disaster for the Dollar

As the U.S. plunges further into debt beyond a staggering $27 trillionthe dollar’s time is running out. But the problem is much deeper than that.

With inflation on the rise, and long-term bond yields rising in concert with massive debt, some disturbing scenarios could develop that spell trouble for the dollar.

The most disturbing possibility on the horizon could develop in the huge bond market (about $500 trillion in size). According to the January 14 issue of One Last Thing by Three Founders Publishing, if it were to collapse, the result would be catastrophic:

“If Treasuries begin to collapse, forcing yields through the roof, it will result in crashes in stocks, real estate, corporate bonds, and municipal bonds all at the same time.”

So let’s take a closer look at what’s happening, which could bring the possibility of a Treasury market collapse or other troubling financial realities closer to the near-term.

Starting with the U.S. Dollar

The value of the U.S. dollar rose 0.55% on Monday, January 11, and that was enough for Barron’s to trumpet, “The Dollar Is Rising.”

That’s a misleading headline. The dollar’s gain vanished quickly. Furthermore, the dollar’s value has remained fairly steady since 2015. In fact, the dollar has yet to come near its most recent peak in 2002.

Barron’s explained the fall of the dollar from March until the recent uptick:

The dollar has fallen by double-digit percentages since March because economic growth is expected to rebound faster globally than in the U.S. this year, while the Federal Reserve has slashed short-term interest rates to near zero. That has reduced the appeal of dollar-denominated debt, limiting overseas investors’ need to buy greenbacks.

…click on the above link to read the rest of the article…

The False Flag Coming this Week

A “false flag” is a term that goes back to the days of Pirates. They would fly a flag of a friendly country and then when they were close they would raise their Skull & Crossbones. Thus, the term originated during the 16th century and referred to the deliberate misrepresentation of a ship’s affiliation and this intent. The tactic was originally used by pirates and privateers with great success. It eventually became a standard practice in times of war. It was legal but required the raising of your true flag once an attack had begun.

Today, perhaps the most notorious false flag was used by Hitler in the Bundestag fire. He immediately blamed the Communists and thus justified his oppression. This is precisely what the attack on the Capitol was all about. This video of John Sullivan speaking to a freelance CNN reporter expressly shows he knew it was going to take place and assisted in breaking in. On the 20th, we are likely to see some events somewhere and they too are highly likely to be false flags to ensure that the Domestic Terrorist Act passes with very stiff penalties which will allow the imprisonment of just about anyone under a very intentional vague definition of a Domestic Terrorist. This will be used in the exact same manner as Hitler and Stalin.

We are in the midst of a leftist revolution. Most people will not believe that until it is too late. Note the choppiness going into the 20th. There are 4 Directional Changes in a row and then a high volatility target on the 20th. We do not see a nice steady market unfolding. International Capital will need to decide its vote and that appears to be shaping up in February. We do not see masive volatility from violence this week as took place during the week of the 4th.

The Next Wave Of Spending Will Not Bring Prosperity

The Next Wave Of Spending Will Not Bring Prosperity

We Are Starting A New Series Of Mistakes

The surprisingly bad job numbers recently released show America lost 140,000 jobs in December. A big part of the problem is that this is only one indicator of the carnage taking place in our economy. As small businesses close their doors forever, many of these jobs won’t be coming back. This translates into far higher deficits going forward as many more Americans exit the workforce. Adding to our dilemma is the answer to our problem being touted around includes giving substantial amounts of money to most Americans which reduces their incentive to get out and hustle to find work. This underlines the fact we should not confuse what some call “the latest economic rebound” with a “recovery.”After these numbers were released, Biden came out declaring his administration with its two newly elected Democrat Senators would hit the ground running.

 “The price tag will be high,” Biden said of his planned package in Wilmington, Delaware. He promised to lay out his proposals before taking office on Jan. 20, he also stated, “It will be in the trillions of dollars.” 

The package Biden laid out only came in at 1.9 trillion dollars disappointing some of his followers. This is because it does not include a great deal of what he has promised. Missing were things like spending on infrastructure and forgiving student loans. This, however, is only the first of many packages that will be rolling through congress in an effort to halt the economy from unraveling. To see how devastating the pandemic and the lock-downs instituted to slow its advance have been on the economy we only need to look to cities such as New York where it has become obvious the effects will be long term. Recent revelations that many large and notable companies now intend to relocate to smaller cities in coming years will only exacerbate these problems.

…click on the above link to read the rest of the article…

The Two Faces Of The US Empire

The Two Faces Of The US Empire

The Biden/Harris inauguration event is going to be a star-studded celebration spanning an unprecedented five days, a giddy orgy of excitement at a murderous oligarchic empire having a new face behind the front desk after promising wealthy donors that nothing will fundamentally change.

This comes at a time when Americans are now reporting that they trust corporations more than they trust their own government or media, when pundits are gleefully proclaiming in The New York Times that “CEOs have become the fourth branch of government” as they pressure the entire political system to smoothly install Biden, when the leading contender for the Department of Justice’s Antitrust Division is an Obama holdover who went from the administration to working for both Amazon and Google, and when Americans are being paced into accepting an increasing amount of authoritarian changes for their own good.

And this manic celebration and increasing brazenness of corporate power are of course overlaid atop an unceasing river of human blood as the globe-spanning empire continues to smash any nation which disobeys it into compliance so as to ensure lasting uncontested planetary hegemony.

But hey, at least they voted out fascism.

The US empire is ugly and creepy. The more you look at it, the uglier and creepier it gets. That’s why so much effort goes into keeping the public from looking at it directly.

The US empire has two faces, one rooted in the west coast and the other in the east. The first face, which sprouts up from Hollywood, presents a grinning plastic smile to the world depicting how fun and wonderful and righteous America is and how all its systems are working completely fine. The second face, which sprouts up from DC, Arlington and Langley, is wild-eyed and covered in blood.

…click on the above link to read the rest of the article…

 

2021 may be the year that the world loses confidence in the dollar

Nearly 186 years ago to the day, on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt.

Jackson was a staunch fiscal conservative. He despised banks, and, according to his biographer, he considered central banking “black magic”, and the national debt a “moral failing”.

So he paid it all off– roughly $5 million.

That was the first and only time that the US national debt was zero. By the end of 1835, the debt had increased to a trivial $33,733. Within three years it was 100x that amount at $3.3 million. And by 1847 it had increased another 10x to $33 million.

The trajectory continued; the national debt crossed $1 billion for the first time during the Civil War. Then $10 billion for the first time during World War I. Then $100 billion for the first time during World War II.

It crossed $1 trillion for the first time during the peak of the Cold War in the early 1980s.

And it crossed $10 trillion for the first time in 2008 after years of war in Iraq and Afghanistan, followed by the Global Financial Crisis.

The national debt is now nearly $28 trillion– 40% larger than the entire US economy. And the debt will most certainly hit $30 trillion over the next several months.

Last year alone the debt grew by $4.5 trillion due to all the Covid stimulus.

This matters. Because, sooner or later, that debt is going to mature and will need to be repaid.

Now, traditionally, whenever government bonds mature, many investors simply reinvest their proceeds into a brand new bond.

In this way, the government doesn’t actually have to pay anyone back; they just keep refinancing and kicking the can down the road farther out into the future.

…click on the above link to read the rest of the article…

united states, simon black, us dollar, sovereign man, world reserve currency, fiat currency, government, debt,

We Need a New Media System

We Need a New Media System

If you sell culture war all day, don’t be surprised by the real-world consequences

The moment a group of people stormed the Capitol building last Wednesday, news companies began the process of sorting and commoditizing information that long ago became standard in American media.

Media firms work backward. They first ask, “How does our target demographic want to understand what’s just unfolded?” Then they pick both the words and the facts they want to emphasize.

It’s why Fox News uses the term, “Pro-Trump protesters,” while New York and The Atlantic use “Insurrectionists.” It’s why conservative media today is stressing how Apple, Google, and Amazon shut down the “Free Speech” platform Parler over the weekend, while mainstream outlets are emphasizing a new round of potentially armed protests reportedly planned for January 19th or 20th.

What happened last Wednesday was the apotheosis of the Hate Incera, when this audience-first model became the primary means of communicating facts to the population. For a hundred reasons dating back to the mid-eighties, from the advent of the Internet to the development of the 24-hour news cycle to the end of the Fairness Doctrine and the Fox-led discovery that news can be sold as character-driven, episodic TV in the manner of soap operas, the concept of a “Just the facts” newscast designed to be consumed by everyone died out.

News companies now clean world events like whalers, using every part of the animal, funneling different facts to different consumers based upon calculations about what will bring back the biggest engagement kick. The Migrant Caravan? Fox slices off comments from a Homeland Security official describing most of the border-crossers as single adults coming for “economic reasons.” The New York Times counters by running a story about how the caravan was deployed as a political issue by a Trump White House staring at poor results in midterm elections.

…click on the above link to read the rest of the article…

 

Big Tech Suppresses Free Speech Through Censorship

Big Tech Suppresses Free Speech Through Censorship

This Warning We Must Take Seriously

It appears that silencing the masses is not just for countries such as China. The wholesale move by huge tech companies to put its footprint on the neck of free speech speaks volumes about the powerful dictating the direction of society. This all raises to mind the line used by George Orwell in his novel Animal Farm. While the phrase “All Animals are Equal” started as one of the seven commandments, the Animal Farm pigs soon reinterpreted it to read as “ALL ANIMALS ARE EQUAL / BUT SOME ANIMALS ARE MORE EQUAL THAN OTHERS.”

This phrase has become one of our culture’s ultimate examples of how the systematic abuse of language and logic can systematically be used by those with the intention of taking control of those they consider, shall we say, beneath them. Two noteworthy tools used to achieve this goal are propaganda and censorship. The sad reality is that “Power To The People” is dead because we are often unable to agree on anything. Even when people come together in general agreement forms, many individuals are so ridged they allow the finer points and details to become stumbling blocks to moving forward.

In many ways, big tech and mainstream media have become a polarizing force that stirs the pot of social unrest. By promoting polarization they have made it impossible for the American people to unite and regain any control over Washington. This situation benefits those wishing to expand their control over us. Ironically, they are probably giddy over the problems Facebook has created by playing fast and loose with data from its followers. Facebook by crossing the line and abusing the trust of those with accounts and information posted on  its platform has taken the pressure off of the mainstream media to do a better job.

…click on the above link to read the rest of the article…

 

Stop the Real Steal!

Stop the Real Steal!

It’s axiomatic that when you suddenly change the election rules and modus operandi, causing 65 million mail-in ballots (out of 159 million total) to flood unprepared local elections systems, you will get beaucoup irregularities, mistakes and fraud. To that extent, the impending Trumpite challenge when the Congress meets on Wednesday to certify the 2020 election results is spot on.

But at the end of the day, the challenge being mounted by Senator Hawley (R-Missouri) and the Cruz Eleven is both futile and mischievous. That’s because, thank heavens, American government is not organized into an all-powerful, centralized, unitary state like France, Red China or countless other authoritarian regimes in-between.

To the contrary, government in America remains decentralized and federalist, even if the founders’ design, culminating in the 10th Amendment’s reservation of unexpressed powers to the states, has been relentlessly chipped away since the New Deal. Indeed, when it comes to many aspects of day-to-day governance, such as on matters of public welfare or commerce, federalism has been drained of substance and the sovereign states have, regrettably, morphed into administrative appendages and fiscal supplicants of Washington.

Yet notwithstanding that erosion, one originalist feature from the 1787 convention remains largely in tact: Namely, that the election of Federal officials – congressman, senators and presidents – is to be conducted by the states as seen fit by their sovereign legislatures.

And that’s where the Trumpite challenge comes a cropper: No state has sent dueling slates of electors to the Congress, and no state legislature has petitioned the Congress asserting that its now certified tally of the presidential votes was the product of fraudulent or nefarious maneuvers.

Q.E.D. There is nothing to contest rooted in electoral Federalism because there are no state-based disputes pending before the new Congress. That’s essentially the position of solid libertarians like Congressman Thomas Massie. He’s dead-on correct and not just owing to Scaliaian regards for the Constitution’s language and intent on the matter of Federal elections.

…click on the above link to read the rest of the article…

 

Repressive Tolerance in Action

Repressive Tolerance in Action

Recent Coverage Captures The Philosophy of Herbert Marcuse

The events of January 6th captivated the attention of the nation and the globe. I will not discuss them here right now. If, as Zhou Enlai allegedly claimed, it is “too early to say” the full impact of the French Revolution; then it is far to soon to know the impact of January 6th.

This has not, of course, stopped the political pundits of Left and Right from telling us what they think. Perhaps the most consistent narrative that has emerged is one of right-wing outrage at the left-wing media coverage.

Across the social media landscape, right-wing pundits and populists are furious at the “hypocrisy” of the Left praising last summer’s #BLM “protests” while condemning this week’s DC “insurrection.”

But the Left is not being hypocritical when it condemns the Americans who stormed the Capitol Building. It is following its stated doctrine. Repressive tolerance is that doctrine, and it was developed by Herbert Marcuse in a famous article of the same name. I have twice broached the doctrine of repressive tolerance, once in Why Don’t Leftists Condemn the Violence and once in Total and Limited War and Politics. The reaction to January 6th suggests I should discuss the doctrine again.

For a detailed exposition of repressive tolerance, I refer you to my earlier articles. Here, let’s just summarize the doctrine of repressive tolerance in plain English:

  • Tolerance is only to be extended to truth.
  • Leftism is objectively true, and anything other than leftism is not.
  • Therefore tolerance is only to be extended to leftism.
  • Anyone who disagrees with this has been indoctrinated. To the extent that the majority of people disagree, that means the majority of people are indoctrinated.
  • Since most people are indoctrinated, leftists must break the indoctrination so that they can grasp the truth of leftism.
  • To break the indoctrination, leftists must promote left-wing thought and suppress right-wing thought.

…click on the above link to read the rest of the article…

 

The Deification of Emperor Trump: Following Caligula’s Path

The Deification of Emperor Trump: Following Caligula’s Path

Jake Angeli, high priest of the growing cult of Emperor Donald Trump, dressed as the horned God Cernunnos. The deification of Emperor Trump in Washington, yesterday, didn’t go so well, but we are moving along a path that the Romans already followed during the decline of their empire, including the deification of emperors, starting with Caligula. So, comparing Roman history to our current conditions may tell us something about the future.

I already speculated on what kind of Roman Emperor Donald Trump could have been and I concluded that he might have been the equivalent of Hadrian. The comparison turned out to be not very appropriate. Clearly, Trump was no Hadrian (a successful emperor, by all means). But, after four years, and after the recent events in Washington, I think Trump may be seen as a reasonably good equivalent of Caligula, or Gaius Caesar Augustus Germanicus, who also reigned for 4 years, from 37 to 41 AD.

Caligula was the prototypical mad emperor — you probably heard that he nominated his horse consul. And he was not just mad, he was said to be a cruel, homicidal psychopath, and a sexual pervert to boot. In addition, he tried to present himself as a living god and pretended to be worshipped. He even claimed to have waged a war against the Sea God Poseidon, and having won it!

But, really, we know little about Caligula’s reign, and most of it from people who had plenty of reasons to slander his memory, including our old friend Lucius Annaeus Seneca (he of the “Seneca Effect“) who was a contemporary of Caligula and who seriously risked being killed by him. The Romans knew and practiced the same rules of propaganda we use today. And one typical way to slander an emperor was to accuse him to be a sexual pervert.

…click on the above link to read the rest of the article…

 

Crude Oil Flow From Saudi Arabia To U.S. Falls To Zero

Crude Oil Flow From Saudi Arabia To U.S. Falls To Zero

For the first time in 35 years, no oil flowed from Saudi Arabia to the United States last week, according to EIA data, in a show that the United States—at least for now—isn’t as reliant on oil from the Middle East like it used to be.

In October, according to the EIA, the United States imported 8.544 million barrels. In June, that figure was more than 36 million, although that figure was a bit of an anomaly as Saudi Arabia threatened to flood the U.S. market with crude oil.

In much of the early 2000s, the United States imported more than 45 million barrels of Saudi crude oil on a monthly basis.

Source: EIA

On a weekly basis, that figure has now fallen to zero.

Source: EIA

And the U.S. imports of crude oil are not just falling from Saudi Arabia. Through October, the United States imported significantly less crude oil from the Persian Gulf region.

In the early 2000s, the United States was importing more than 3 million barrels of crude oil per day from the Persian Gulf region. In October 2020, the United States imported less than a half a million barrels per day—and that figure isn’t an anomaly, it’s a clear trend. The United States is relying less and less on foreign oil, and particularly less and less on oil from the Persian Gulf.

Source: EIA

The data comes just as Saudi Arabia announced a voluntary million-barrel-per-day cut to its oil production as the OPEC+ group sat down to the negotiating table to hatch a plan to react to the oil market and the lack of demand.

It also comes on the same day that Saudi Arabia announced a crude oil price increase for the United States for February by $0Mor.20 per barrel.

 

MSM Already Using Capitol Hill Riot To Call For More Internet Censorship

MSM Already Using Capitol Hill Riot To Call For More Internet Censorship

The United States received a very small taste of its own medicine today as rioting Trump fanatics temporarily forced their way into the nation’s Capitol building, and now the whole nation is freaking out.

I am being generous when I say that America was given a very small taste of its own medicine; unlike the horrific coups and violent uprisings the US routinely orchestrates in noncompliant nations around the world, this one stood exactly zero chance of seizing control of the government, and only one person was killed.

I am also being generous when I say the rioters “forced their way” in; DC chose not to increase its police presence in preparation for the protests despite knowing that they were planned, and there’s footage of what appears to be cops actively letting them through a police barricade. There was some fighting between police and protesters, but contrasted with the unceasing barrage of police brutality footage which emerged from Black Lives Matter demonstrations a few months prior it’s fair to say the police response today was relatively gentle.

 

Predictably, this entirely American disruption has blue-checkmarked commentariat shrieking about Vladimir Putin on social media.

 

 

Just as predictably, it’s also got them calling for the censorship of social media.

The New York Times has published two new articles titled “The storming of Capitol Hill was organized on social media” and “Violence on Capitol Hill Is a Day of Reckoning for Social Media“, both arguing for more heavy-handed restrictions on speech from Silicon Valley tech giants.

…click on the above link to read the rest of the article…

 

 

Assange Wins. The Cost: Press Freedom Is Crushed & Dissent Labelled Mental Illness

Assange Wins. The Cost: Press Freedom Is Crushed & Dissent Labelled Mental Illness

We must not downplay the price being demanded of us for this victory, writes Jonathan Cook.

The unexpected decision by Judge Vanessa Baraitser to deny a U.S. demand to extradite Julian Assange, foiling efforts to send him to a U.S. super-max jail for the rest of his life, is a welcome legal victory, but one swamped by larger lessons that should disturb us deeply.

Those who campaigned so vigorously to keep Assange’s case in the spotlight, even as the U.S. and U.K. corporate media worked so strenuously to keep it in darkness, are the heroes of the day. They made the price too steep for Baraitser or the British establishment to agree to lock Assange away indefinitely in the U.S. for exposing its war crimes and its crimes against humanity in Iraq and Afghanistan.

But we must not downplay the price being demanded of us for this victory.

Moment of Celebration

We have contributed collectively in our various small ways to win back for Assange some degree of freedom, and hopefully a reprieve from what could be a death sentence as his health continues to deteriorate in an overcrowded Belmarsh high-security prison in London that has become a breeding ground for Covid-19.

For this we should allow ourselves a moment of celebration. But Assange is not out of the woods yet. The U.S. has said it will appeal the decision. And it is not yet clear whether Assange will remain jailed in the U.K. – possibly in Belmarsh – while many months of further legal argument about his future take place.

…click on the above link to read the rest of the article…

 

Americans Only Care About America. Their Rulers Only Care About World Domination.

Americans Only Care About America. Their Rulers Only Care About World Domination.

Ever since November third the American political/media class have been keeping Democrats fixated on Trump’s post-election shenanigans with garment-rending urgency, now going so far as to call for yet another oxygen-sucking impeachment as he’s on his way out the door while millions of Americans are struggling just to meet their basic needs.

You wouldn’t know it from the dominant chatter, but Trump’s impotent attempts to reverse the election results don’t rank anywhere remotely near the top ten worst things this president has done while in office, which include vetoing attempts to end the world’s worst mass atrocity in Yemen, escalating world-threatening cold wars with both Russia and China, murdering untold tens of thousands of Venezuelans with starvation sanctions, pushing Iran to the brink of war by assassinating its top military commander, expanding the “war on terror” and rolling back airstrike regulations designed to protect civilians.

US political discourse hasn’t reflected the fact that Trump’s foreign policy has been far more atrocious than anything he’s done domestically–and certainly anything he’s done since November–because news media coverage does not reflect this fact. News media coverage does not reflect this fact because western news media regard imperialism and mass military slaughter as normal US presidential stuff, and do not regard brown-skinned foreigners as human.

I point this out because it’s good to note, as Trump leaves office, that he spent his entire administration advancing murderous imperialist agendas which spilled very real blood from very real human beings while mainstream America barely even noticed. Their attention was drawn instead to endless narrative theater which had no impact whatsoever on the concrete actions taken by the US government’s executive branch. Their gaze was kept fixated on meaningless political drama while the war machine marched on unseen.

…click on the above link to read the rest of the article…

 

Chris Hedges: The Empire is Not Done with Julian Assange

Chris Hedges: The Empire is Not Done with Julian Assange

As is clear from the memoir of one of his attorneys, Michael Ratner, the ends have always justified the means for those demanding the WikiLeaks‘ publisher’s global persecution.

(Original illustration for ScheerPost by Mr. Fish)

Shortly after WikiLeaks released the “Iraq War Logs” in October 2010, which documented numerous U.S.  war crimes — including video images of the gunning down of two Reuters journalists and 10 other unarmed civilians in the “Collateral Murder” video, the routine torture of Iraqi prisoners, the covering up of thousands of civilian deaths and the killing of nearly 700 civilians who had approached too closely to U.S. checkpoints — the towering civil rights attorneys Michael Ratner and Len Weinglass, who had defended Daniel Ellsberg in the Pentagon Papers case, met Julian Assange in a studio apartment in Central London, according to Ratner’s newly released memoir Moving the Bar.

Assange had just returned to London from Sweden where he had attempted to create the legal framework to protect WikiLeaks’ servers in Sweden.  Shortly after his arrival in Stockholm, his personal bank cards were blocked.  He had no access to funds and was dependent on supporters.  Two of these supporters were women with whom he had consensual sex.  As he was preparing to leave, the Swedish media announced that he was wanted for questioning about allegations of rape.

The women, who never accused Assange of rape, wanted him to take an STD test.  They had approached the police about compelling him to comply. “I did not want to put any charges on Julian Assange,” texted one of them on Aug. 20 while she was still at the police station, but “the police were keen on getting their hands on him.” She said she felt “railroaded by the police.”

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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