What We’re Watching

In no particular order and with no ranking of importance as we see it: Global seismic and geothermal activity. Are the events linked and if so will activity increase? Japanese monetary policy. Will Abenomics finally implode and take the Japanese bond market with it? The US presidential race. What happens with and around Trump may Continue reading »

SOME REASONS WHY ISLAM IS WINNING

 Below is another essay from our friend Paul Merkley.

I can say categorically that there never was a moment in my life when I could detect anything appealing in Islam.

To begin with,  I am far too respectful of the positive accomplishments of our civilization to be tempted by “orientalism” in all of its forms. The manly accomplishments as well as the thoughts of Lawrence of Arabia are wasted on me. But as for the substance: Muslims seek to change our minds about the allegiances that we might have inherited from four  two thousand years of the history of Christianity by directing our attention to Islam’s sacred history – which, quite apart from being 3400 years shorter, has to me the aesthetic appeal of desiccated fruit.

According to Islamic teaching, “God created man from clot of blood. “Surah 96. How did blood get onto the scene of human history before or any  part of the animal creation did? Whose blood, then?

Water in the US West

Back in 2014 and 2015 I wrote a series of articles on the drought conditions in California and Nevada (read: Jeopardy Question: This Body of Water Determines the Fate of the Modern Day Anasazi, Another Dry Essay, and Eat your Broccoli Now).

When I wrote the first article above, I looked at water requirements and usage for Las Vegas in detail. I also looked at Lake Mead both historically and the current levels at that time. I noted of the level “The latter is only 0.58 feet above the record low of 1081.94 feet set in Nov. 2010 (see complete data set).

I knew that California had received substantial rainfall over the last couple of years and stopped following the situation. I was surprised today, therefore, to read: Leaking Las Vegas: West’s Biggest Reservoir Nears Critical Threshold.

 reviewed the lake levels (LAKE MEAD AT HOOVER DAM, ELEVATION (FEET)) since 2010 and found that the lowest point was June 2016 at 1071.64 feet. This is lower than the drought period back in 2014.

Bits and Pieces – 20180817, Friday

Commentary

To begin, here is the prescribed use of the term “conspiracy theory” as practiced by the CIA:

Since the 1960s the label has become a disciplinary device that has been overwhelmingly effective in defining certain events as off limits to inquiry or debate. Especially in the United States, raising legitimate questions about dubious official narratives destined to inform public opinion (and thereby public policy) is a major thought crime that must be cauterized from the public psyche at all costs…  against almost any individual or group calling the government’s increasingly clandestine programs and activities into question. From CIA Document 1035-960 . Source:Weaponizing the Term “Conspiracy Theory”: Disinformation Agents and the CIA.

Here is another comment on this CIA document from The Mind Renewed (CIA 1035-960: “Countering Criticism of the Warren Report”):

Bits and Pieces – 20180806, Monday

Commentary

In Bits and Pieces – 20180726, Thursday, I posted a link to commentary by Martin Armstrong, on a documentary on the Magnitsky Act and a link to the documentary. I hope you saw it because the video has been taken down. As Martin notes today in Why Has the Magnitsky Film Been Banned in USA & Europe? that the Magnitsky Act Behind the Scenes has been pulled from everywhere.

I did find a copy online so once again, here is the original film:

There is another film referenced by Martin today on the same subject: The 3rd Film on the Magnitsky Affair. Here is that film:

Bits and Pieces – 20180804, Saturday

Trade War

Richard Duncan wrote The Dollar Crisis revised in 2003. I reread it in 2008 at the height of the financial crisis and it read as if it had just been written, it so closely followed the crisis. No other book have I read twice, and no other economist do I have greater respect for. Here’s a rare piece from him: Podcast: Deconstructing Trump’s tariffs, turning point in history and the end of globalisation. If Trump’s trade war is not scaled back then expect this to come to pass.

To show how tariffs bring American jobs home, consider this: Harley-Davidson Begins Kansas City Plant Shutdown As Production Shifts To Thailand.

Bits and Pieces – 20180726, Thursday

Commentary

This post contains a special section under climate topic for a friend.

Bits and Pieces – 20180724, Tuesday

Commentary

If you read only one referenced article in this post, make it this one: Trade Deficits And The American Empire. I came to accept the idea of an American empire a few years ago although I never attempted the research to argue the point. Sometimes you know you’re right and prefer to spend your time chasing other rabbits down there holes.

This article succinctly argues the point of an American empire, even without touching on characteristics of its military which I cover regularly. The article also, in the context of empire, explains why the US must have a trade deficit with the rest of the world, along with having a global reserve currency. Again, this is a point that I have covered on more than one occasion. The thing is that the author ties it all together in one beautiful little package.

This article is important because from it you will understand why, if Trump is to win his trade war, it will come at a much greater economic cost as the global system of trade will be damaged or destroyed and along with it the global financial system. Or in other words, to eliminate the trade deficit completely one must reduce imports and exports to zero. Consider what that will do to American jobs.

Bits and Pieces – 20180721, Saturday

Commentary

As you will have discerned by now, I consider that the CIA is the most evil organization on the planet. Much of its subversive operation has come into public awareness through declassified official documents, apart from accounts by people previously close to its operations. The problem is that it can take 50 years before documents get declassified and even then may be heavily redacted. Fortunately there are enough discerning people ferreting out its activities today.

A year ago I had thought to write an article about the CIA by collecting references to its activities involving assassinations of foreign officials and coups against democratically elected foreign governments. As I started to do research I discovered such a trove of information by people who had already gone down this path that I abandoned the effort as superfluous, other than for my own enlightenment.

In this post I will link to an article, the first of three parts, that details the actions of the US in Syria though its primary instrument of covert foreign intervention and subversion, the CIA. It should be a good addition to your reference list.

Bits and Pieces – 20180714, Saturday

Commentary

While the Clown Prince throws money everywhere he prances, the sheeple blindly run behind in hopes of catching a few dollars plucked from someone else’s pockets. McKinsey and Company have published a visualization tool, Visualizing global debt. Below is the chart and table that is interactive on their website but not here:

We see that Canada is the 9th most indebted nation in the world as a percentage of GDP. As the economy slows due to any number of factors such as recession here or in the US, rising interest rates or the end of the business cycle, GDP drops but the debt doesn’t change This means that the ratio increases in magnitude and our position deteriorates farther. We are extremely vulnerable to exogenous shocks and endogenous credit collapse. This is a train wreck that John Mauldin has been reporting on with links supplied in previous posts. I give you his concluding essay in a later section.

We have become a socialist country and the history of socialism has never witnessed a happy ending. As I keep warning, be a good boy scout … be prepared.

Bits and Pieces – 20180709, Monday

Commentary

Brief but more relevant, temporally.

Trade War

We like to have clear start and end dates for wars. Ray Dalio sees the tariffs against China launched by Trump a couple of days ago as an event that can spiral into a full-blown trade war which then has the potential to become a kinetic war.

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