Category Archives: Bits and Pieces

Bits and Pieces – 20171117, Friday

Commentary: In Bits and Pieces – 20170731, Monday, I discussed why Bitcoin can’t be considered to be a currency. Martin Armstrong, in discussion of the “petrodllar” (Is the Dollar Really a Petrodollar anymore?), lists its key features:

  1. it can be used worldwide without permission from the USA as is the case with the Japanese yen;
  2. it is a single currency with a single federal debt market where BIG money can park – that is not the case for the Euro, Ruble, or Yuan.

Bits and Pieces – 20171112, Sunday

Commentary: A common theme that my wife and I discuss is the general we encounter incompetence on a daily basis. As an example, when we moved, our bank provided new cheques as requested but they coded them for a dormant and empty savings account. It came to my attention when the first cheque bounced. It cost me several hours and some momentary anxiety to fix the bank’s error, apologize to people that I had sent cheques to, pursue reimbursement of NSF fees both for myself and my vendors, etc. I left a bank official wondering how they issued cheques on an account that had no chequing privileges.

Bits and Pieces – 20171108, Wednesday

Commentary: I see little chance that the power struggle in the Saudi royal family will spill over into something larger. The parallel might be Turkey where Erdogan consolidated power to become a virtual dictator. Here is an article that has a different point of view although it is unsupported: Making Sense Of Saudi’s ‘Game Of Thobes’. And here are a couple of articles on the struggle, Saudi Arabia Is About To Confiscate $33 Billion From Four Of Its Richest People. Perhaps the last word is: Real Motive Behind Saudi Purge Emerges: $800 Billion In Confiscated Assets.

Bits and Pieces – 20171029, Sunday

WWIII: Again I ask why Britain is beating the American war drum: British Secretary Of State Refuses to Rule Out A “Preemptive Strike” On North Korea?

The American Empire (AE): On a tip from a friend here’s a short video and a short article on the final stage of empire: The 7 Signs Of An Empire In Decline and What Happened To Normal People When The Roman Economy Fell Apart? The application is not just to the AE unless you consider most of the Western countries as vassal states. The decadence is pervasive well beyond the US. I think I linked this video by Chalmers Johnson some time ago but here it is again: DECLINE of EMPIRES: The Signs of Decay. One might take WWIII as the event that ends Western empire. Here’s one further comparison to the Roman Empire: Washington Is “The New Rome”.

Bits and Pieces – 20170924, Sunday

Commentary: A favourite theme, the impermanence of democracy, is discussed in this article: The Sandcastle. We are near the end for this cycle.

Bits and Pieces – 20170909, Saturday

Commentary: A little unfocused this week. If you’re a goldbug, listen to Andrew Maguire: Whistleblower Andrew Maguire Exposed 14 Days Ago ‘Vampire Squid’ Goldman Sachs Was Moving In For The Kill. Maguire Now Says Admission By Goldman’s Currie Is A Big Deal.I think it was back in July when I  (I hope) drew attention to an earlier interview with him. Anyone who paid attention and purchased call options on GLD and SLV has done very well.

He is talking about a reset of the price of gold to significantly higher levels. Jim Rickards recently did a podcast selling his investment letter with a headline of $10,000 gold based on the premise of a global currency reset to a gold-backed scheme. A plausible argument but I’m not trading it.

Bits and Pieces – 20170824, Thursday

Civil Unrest: I like the following article by Gregory R. Copley as it presents some thoughtful ideas on civil war that are thought-provoking: What Would A U.S. Civil War Look Like? We probably use the term “civil war” without any clear understanding of how we hold the idea. The following should provide some clarity.

In this article Copley sees “a gradual breakdown of law and order” that creates “a massive dislocation of the economy and currency” that in turn causes global economic and social disruption. He identifies the rise of  “urban super-oligarchies” and an”urban-based globalism” as one side in the war. He notes the formidable entrenched powers of this side that are destroying the nation-state:

urban globalists control most of the means of communications [is this new “means of production”; the 21st Century marxian dialectic?] and therefore control “information” and the perception of events. 

On the other side are  “nationalists … operating instinctively, and in darkness”.

From this viewpoint, the infighting that has been going on in the White House suddenly falls into perspective: Why Bannon Lost and the Globalists Won. The 2016 election might be considered to be one of the opening battles of this war. As Steve Bannon notes, the nationalists have lost this battle: Bannon: ‘The Trump Presidency That We Fought For, and Won, Is Over. But as he also notes, many more battles remain.

As a second characteristic dividing the sides in the war he sees the polarization of a fundamentally urban, abstract society against a fundamentally regional, traditional society.

a conflict between people with long memories (even if those memories are flawed and selective) and people to whom memories and history are irrelevant.

The former in turn is characterized by zzz. In other words, it is a conflict between identity and materialism, with the abstract social groups (the urban populations) the most preoccupied with short-term material gain.

At the level of the individual, the divide is between individuals with long memories – national identity – and people to whom memories and history are irrelevant. It is a conflict between identity and materialism, with the abstract social groups (the urban populations) the most preoccupied with short-term material gain.

Trump’s “Make America Great Again” is a nationalist ideal that is pitted against the materialism of an urban society that is fed by the low economic costs of industry controlled by globalists. That the Washington Post owned by Amazon CEO Jeff Bezos is so virulently anti-Trump is no accident.

In short, urban globalism sees nations and nationalism as the enemy, and vice-versa.

As for the violence of Charlottesville: “Fear The Majoritarian Mob” – WSJ On The Left’s “Great Nazi Scare Of 2017”.

Bits and Pieces – 20170820, Sunday

Commentary: Trying to write a weekly blog to reduce publication overhead has not been helpful from the viewpoint of content because things are moving too fast. I’m going to try shorter daily posts.

A theme that I have posted links and comments about in the past is the idea of a new civil war in the US. Pat Buchanan writes from the perspective that the war is actually underway: America’s Second Civil War. I would agree.

The left has been working towards totalitarian government for a century and more. The cases where they have succeeded have resulted in some of the most brutal and repressive regimes in the world. The left, including our modern day progressives in academia and the arts are intolerant of any point of view differing from their own. This is why democracy is anathema to them. A totalitarian state where they have absolute control over the individual is their ideal form of government.

As I publish, this just out: Bannon: “No Administration In History Has Been So Divided”.

The US is very far along this divide and violence will be a common feature going forward. It is already a most uncivil war.

Bits and Pieces – 20170818, Friday

Commentary: I have commented briefly in the past about the evolution of retail in North America and the impact on urban development. Small town, even small city Ontario has seen its municipal core hollowed out and decay as small retailers vanished to be replaced by big box retailers and shopping malls on municipal outskirts where roads allowed access from a wider  dispersed population of suburban and rural dwellers. The collapse of shopping malls has been well documented in the US over the last year in particular. This corresponds with the collapse of the bricks and mortar retailers who are approaching or who have entered chapter 11. As an example, read: State of Retail: JCPenny Plunges, Now a “Penny” Stock; Amazon to Blame?

This week a new a new phase has been recognized as the end point of this process: Battle of the Behemoths, and Amazon and Walmart Battle for Retail’s Future. We have seen reports of towns in fly-over America where the Walmart has closed leaving citizens with no local source of products, especially food.

Bits and Pieces – 20170810, Thursday

Commentary: Martin Armstrong’s computer model has picked Aug. 12-13 and Sept. 11-12 as two key dates when a Korean conflict may begin: North Korea – Beware August 2017. That makes this weekend critical. There is more below that shows the growing tensions. George Friedman thinks there will be war but offers his thinking on NK behaviour: North Korea, Nukes and Negotiations. Finally … US “Confirms” N.Korea Has ICBM-Ready Nuclear Warheads, North Korea Responds To Trump Threat, Says It Is “Seriously Considering” Pre-Emptive Nuclear Strike On Guam, and Trump Threatens North Korea With “Fire And Fury Like The World Has Never Seen Before”. Which side makes the first move?

Some folks are beginning to look at the cost of a war with NK. Since the extent of the destruction cannot be known in advance, one can identify impacts while not being able to estimate them accurately. Read: How A Renewed Korean Conflict Is Going To Be Felt Around The Globe and “Under Any Analysis, It’s Insanity”: What War With North Korea Could Look Like.

Late comentary provides insight into one of the preferreed options: Pentagon Unveils Plan For “Pre-Emptive Strike” On North Korea. Most parties agree the a negotiated settlement would be the preferred option of them all.

I thought summer was supposed to be the quiet time when everyone went to the beach. The fall should be a doozy.

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