Tag Archives: American Empire

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 – 20171020, Friday

 

Commentary: After publishing my last commentary, Bits and Pieces – 20171013, Friday, I came across this video by Gordon T. Long: UnderTheLens – 09 21 17 – OCTOBER – Coming “Nationalization” of Markets. It subsumes my comments with the exception of the scenario of how the Fed might take over the US stock market. In the 26 minutes, he does a much more thorough job of documenting how central banks globally are the dominant players in many capital markets such as sovereign bonds, and are rapidly becoming the dominant players in stock markets.

In the case of stocks, where their “printed money” has gone is a puzzle. If they print a billion dollars and buy a billion worth of equities in the market, the money goes into the accounts of the sellers. What do the sellers do with it? Do they use it to ‘walk the market higher’ isolating the new money in the market or do they take it out and move it into the economy causing inflationary pressures?

Already, in some sovereign bond markets, there is a liquidity problem, Investment funds and pension funds have traditionally used sovereign bonds as a a stable, low-risk component of their portfolios. These institutions are finding that they can’t get the bonds they require because the governments are mopping them up. The other problem is that these are not free markets and proper risk and price discovery simply can’t happen. Given the global history of sovereign defaults, particularly by the top economies, a zero interest or negative rate sovereign bond is simply not pricing in the real, if small, risk of a sovereign default. With central bank taking over ownership in these markets the risk of default is rising because so far, current monetary policy is proving to be a one way street.

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 – 20170901, Friday

Commentary: As food for thought, consider: Two New Totalitarian Movements: Radical Islam and Political Correctness. The former idea is not new new to readers of this blog but the latter may be. Rather it is a popular manifestation of totalitarian thought and practice in the West.

Civil Unrest: An Intimate History of Antifa. Also others are commenting on the rise of violence in division: The Rising Trend of Civil Unrest and Threats of political violence rise in polarized Trump era. Martin Armstron also comments: Extreme Left & Extreme Right Believe in the Same Thing – Oppress all Opposition. Finally, you won’t hear about this on the CBC: FBI, DHS Officially Classify Antifa Activities As “Domestic Terrorist Violence”.

Martin Armstrong identifies an aspect of the civil war in the US at the political level when he notes that Trump has been under continuous attack since he became president: Trying to Force Trump to Resign.

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.

Bits and Pieces – 20170731, Monday

Commentary: I want to explain why Bitcoin can never be a viable currency. My understanding of Bitcoin is that there is an upper limit on the number of coins that can ever exist, somewhere around 21 million. The block-chain, as I understand it is simply a security paradigm for the system.

If bitcoin were only to be used to buy potatoes, the question of their relative values might be settled by adding the weights of all the potatoes in the world and saying that this is equivalent to the total number of bitcoins since bitcoins are assumed to be worth nothing for any other purchase. Let’s say that one ton of potatoes is equivalent (worth) 2.4 bitcoins (which hides the problem of fractional bitcoins – what are they and how do you manage them?).

Suppose next year there is a bumper crop of potatoes. There are twice as many potatoes but the same number of bitcoins. The value of a potato relative to a bitcoin has been cut in half.

Suppose farmers can agree that a bushel of wheat is equivalent to 10 pounds of potatoes. Further, they find that the amount of wheat grown is twice the amount of potatoes in value. Also, they decide to accept bitcoins for wheat. The total amount of merchantable produce in bitcoins is 3 times our initial example. That means a ton of potatoes is worth 0.8 bitcoins now.

Expand this to all products and services produced in the global economy and the value of a single potato becomes extremely small.

In a practical monetary system, the currency must be expansible to price the economy in practical terms and also be able to grow as the economy grows. Bitcoin can’t do either.

A useful model for understanding Bitcoin is the tulip mania in Holland in the 17th century – it’s a speculative bubble.

Powered by WordPress | Designed by: photography charlottesville va | Thanks to ppc software, penny auction and larry goins