Tag Archives: AE

Bits and Pieces – 20180910, Monday

Commentary

I would argue that mankind has always progressed through technological innovation from the production of stone tools and the control of fire, through the metallurgical discoveries giving us iron, steel and other metals that enabled the industrial revolution, to modern digital technology. The arts grew alongside the technology but as an economic adjunct enabled by the wealth and leisure it produced. Similarly, the affluence that spawned the modern welfare state is a benefit of technological progress.

I read John Mauldin’s latest letter on the rise of China. Part 1 of 3 promised parts, it creates a sense of optimism in China’s future through technology. Here’s the article: China’s Command Innovation.

Mauldin is a technology-based optimist. His projection is too linear and insular for my comfort, however. The technological advances he sees coming are logically predictable as a linear projection of current progress.

However, the ascendancy of China is anathema to the American Empire. One can see the rhetoric and military expansion that the US is using to try and contain China. The same containment used against Japan resulting in WWII, when used against China, will result in WWIII.

This will set back all areas  of technological development except perhaps military ones. A nuclear exchange may make the setback permanent.

A visit to a local museum had a large display of stone artifacts used by the local neolithic nomads. There were rounded rocks that had been used as primitive tools, but the largest part of the collection by far were the arrow heads which showed rather sophisticated manufacture. The principal use of iron and the development of blacksmithing started with the manufacture of iron knives and swords.

Apart from war, the arrival of the next Grand Solar Minimum is another factor that, based on historical precedence as described by Martin Armstrong in the section “Climate” below, will be a powerful disrupting force. It has brought down entire dynasties and civilizations in the past.

My thoughts about Mauldin’s optimism – he is one of the best free sources of economic thought out there – have been with me for a long time. China’s economic ascendancy he sees as a source of optimism about our future. But what really hit home to me today was how much in contrast, the West is in decline. Read the article. Now think about a future where the Chinese are producing STEM (science, technology, engineering, and math) graduates, the basis for wealth generation in a technological future while we are producing graduates in the arts, particularly social sciences like gender studies.

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The MSM and the AGW alarmist are using the extremes in weather as an alleged proof of the global warming hypothesis. They report record heat and record drought events while failing to report any of the thousands of record cold and record snowfall events that were occurring throughout the late winter and spring of this year.

The current heat and drought in Europe are not unusual as revealed by the appearance of “hunger stones”. I’ve seen a couple of references to this but Martin Armstrong has a good discussion around the topic: The Hunger Stones Have Appeared. Such stones have appeared in several rivers to which you should be able to find references if interested. I wonder if they will add 2018 to the rocks.

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 – 20180430, Monday

Commentary

While I continue to tinker with the topic structure of these posts, I realize that the overall framework or statement of purpose is to track the major issues that will impact us individually and collectively as a society, today and in the future.

This sounds ambitious. The work, however, is more of collecting and organizing current news and writings of various authors in a coherent manner. Each post might be viewed as a two-dimension slice through daily life structured in threads (topics) that across time, introduce a third dimension. This latter view of a thread is what constitutes an essay or a book.

Much of what I include involves little or no commentary on my part. Sometimes, an issue or an item bubbles to the surface resulting in a more extensive treatment on my part. I have several issues that I simply don’t have time to explore

This issue of Bits and Pieces reflects the growing attention I am paying to the propaganda aimed at controlling us.

Bits and Pieces – 20180314, Wednesday

Trade  Wars: We are at the early stage of a global trade war. Whether it escalates or can be ended without too much damage remains to be seen.

Today (Wednesday) the new US trade figures came out with the deficit at an all-time high. Trump will use this to entrench his position: Fuel For The Protectionist Fire: US Trade Deficit Surges, Ex-Petroleum At All Time High. The political basis for staging a trade war is presented in the following article: Barclays: Trade Wars Are Economically Costly But “Smart Politics”.

In the meantime there’s not a lot out of our government other than to say that they are not pleased: Trudeau calls Trump’s trade war ‘unacceptable’ as Canadian officials reach out to U.S. administration. Silence on Canada’s part may in fact be a wise strategy unless the silence indicates they have no clue on how to respond.

Bits and Pieces – 20180226, Monday

The Deep State: Martin Armstrong nails the purpose of the Mueller investigation  – the preservation of corruption by a soft coup against Trump: Mueller Expands his Investigation Desperate to Bring Down Trump.

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