Tag Archives: Canada

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.

Bits and Pieces – 20180423, Monday

Commentary

Jim Quinn has just published WINTER IS COMING (PART THREE), his third essay in a series based on the book The Fourth Turning by Strauss & Howe. It explains how the state of global political unrest is the end state of the current fourth turning.

I continue to make minor changes in the organization of the structure of these posts.

Bits and Pieces – 20180325, Sunday

Commentary: This edition of Bits and Pieces is rather long in the tooth and perhspd less coherent than usual.

Bits and Pieces – 20180302, Friday

Commentary: There’s enough material on Trump’s trade war to warrant a small release of Bits and Pieces.

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.

The Adopted First Nations Children of the 1960S are Being Scooped Back.

RE: Canadian Press item: TORONTO – The federal government has agreed to pay hundreds of millions of dollars to survivors of the ’60s Scoop for the harm suffered by Indigenous children who were robbed of their cultural identities by being placed with non-native families.

Crown-Indigenous Relations Minister Carolyn Bennett has announced  a National Settlement with Indigenous Peoples. Included in the settlement is a class action in Ontario seeking redress for generations of our society’s alleged abuse of  indigenous peoples. Evidently, this redress is to be accomplished  by a payout of between $25,000 and $50,000 for each claimant, to a maximum of $750 million. In addition, the Federal government will set aside a further $50 million for a new Indigenous Healing Foundation. Another $75 is to be set aside to pay the plaintiffs’ legal fees. This is all to make  amends for the great  “Ontario Scoop” in which “at-risk on-reserve Indigenous children … were placed in non-Aboriginal homes” from 1965 to 1984 under terms of a federal-provincial agreement.

CANADA’S BID TO RETURN TO THE SECURITY COUNCIL

Here is a new article from Paul Merkley, reprinted by permission.

Shortly after his election,  Prime Minister Justin Trudeau announced that his Liberal government will be actively pursuing assignment to the next seat available on the United Nations Security Council.

Bits and Pieces – 20170624 – Saturday

Commentary: This will be the last letter until after we move and I have communications reestablished, sometime in the first week in July. It seems every time I go away they start a war or some other major event. Let’s hope that doesn’t happen this time.

Our new coordinates: 250 Joel Ct., Strathroy, ON, N7G 4B3. Phone and email remain the same for now.

Civil Unrest: The Great Reset is coming and it is coming from several directions. Here’s one that most people are not aware of – unfunded pension liabilities: Madoff Whistleblower Harry Markopolos Warns A Wild Card Will Hurtle The World Into The 2nd Great.

Cyber Warfare: At war: Obama Ordered Cyberweapons Implanted Into Russia’s Infrastructure. Recall that this was in response to an event that was eventually shown to come from sources other than the Russian state. So it would be fair of Russian secreted some dirty bombs around the US to be detonated if the US did something preemptive.

WWIII: Here is a good summary of recent events in the Middle East showing the mounting danger there: The Middle East Is Blowing Up. The Baltics rather than the Ukraine may be the point to watch on Russia’s borders: Russian, NATO Jets In Near Standoff After F-16 Buzzes Russian Defense Minister’s Airplane. The Doomsday Clock is inching forward: Ever Closer To War.

The Mid East is back in the news: Arab States Issue 13-Point Ultimatum To Qatar: Cut Ties With Iran, Close Al-Jazeera, Shutter Turkish Base. How long before a kinetic phase emerges?

The American Empire (AE): This article poses an excellent question: Why Does the US Target Functioning Democracies for Regime Change?. Ask yourself who benefits most if the Middle East’s oil fields burn. Would it be the American shale industry? Speaking of interfering in another country’s politics: 64 Years Later, CIA Finally Releases Details Of Iranian Coup.

Canada Corner: I had reported the problems with Home Capital Group a few weeks ago. They just got anpther bailout, but ar what cost: Buffett Stuns Market After Berkshire Acquires 38.4% Of Home Capital Group, Provides C$2 Billion Loan? Buffett s a smart man. Is he backstopped by the Canadian taxpayer?

Sears is reorganizing: Sears Canada Announces Bankruptcy; Fires 2,900.

Bits and Pieces: There may be some interesting internal tensions coming to a head in Saudi Arabia: In Historic Shakeup Saudi King Removes Crown Prince, Names Son As First Heir. The person replaced, Mohammed bin Nayef – “the country’s counterterrorism czar” may have the Saudi intelligence community on his side.

Bits and Pieces – 20170610 – Saturday

Commentary: Trump is right about NATO: the Europeans, particularly the Germans have been riding on Uncle Sam’s coattails. Britain and Russia have one thing in common, their major wars over the last 2 or 3 hundred years have been with the French and the Germans. Merkel’s EU has been playing hardball over Brexit. Britain should form closer ties with Russia and leave NATO since their adversary is the EU, meaning France and Germany.

Here’s an interesting prediction. I follow the site King World News. Reading past Eric Kings habit of being stuck in the superlative mode of everything, he interviews a few people that I consider reliable. One is Andrew Maguire of whom he published a most recent post on June 9. Maguire states that in exactly 26 days from “today”, a dramatic event will take place in the metals market repricing gold higher. The problem is King doesn’t explicitly state when the interview occurred so “today” remains a bit elusive.

If we use the 9th as “today”, 26 days puts the event on July 5, the day after independence day which falls on a Tuesday. Traditionally, trading falls off during the summer (hence “sell in May and go away”). This year, many traders will also take the Monday off with markets closed on Tuesday. If one wanted to make a move when traders were thin, one might choose the 3rd or the 4th. On the other hand, one might want to schedule a move for the 5th to catch markets as the open and take advantage of the market response on a full trading day. It also might be that the call is bad and nothing happens.

I will bet on a good call although my move a few days before makes things a bit tricky. Here’s the interview: ALERT: Unknown Entity Deletes Portion Of Whistleblower Andrew Maguire’s KWN Audio Interview About A Major Event In 26 Days. If you want to place a bet it should be in by June 30.

Bits and Pieces – 20170606 – Tuesday

Commentary: Home and catching up. Interesting development in the Middle East with: The Shocking Trigger Behind Today’s Gulf Scandal: Qatar Paid Al-Qaeda, Iran $1BN In Hostage Deal. Since Qatar is one of the dominant financiers of terrorism along with Saudi Arabia, will this reduce it to any degree? Also: It’s A “Geopolitical Earthquake”: A Stunned World Responds After Saudi Alliance Cuts All Ties With Qatar. Here’s an analysis of the issues behind this flareup (it’s not terrorism-related): “Forget Terrorism”: The Real Reason Behind The Qatar Crisis Is Natural Gas.

I read two interesting articles today that put me into some exciting thinking. The first is Facebook is Broken, and the second, How to see past your own perspective and find truth. Social media physical networks are defined by the computer science algorithms that are used to build them. The articles point to another class of algorithms that control the content and its dissemination. These algorithms define the social structure of the social media. It is interesting to contemplate that social structure and organization is based on algorithms. What these might have been before the internet is a question that then arises. The role of individual behavior in the algorithms would be a central part to examine (well-defined complex systems).

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