Tag Archives: Syria

Bits and Pieces – 20171215, Friday

WWIII: The following article provides a summary of the multinational military activity in the wars in Iraq and Syria. The accuracy of the numbers may be questioned but the key point is that this is a global war. It is notable that Canada’s role has been omitted: World War in Syria and Iraq (MAP).

Bits and Pieces – 20171130, Thursday

WWIII: In case you weren’t sure China appears to have taken sides: China To Deploy Elite Troops In Syria To Fight Alongside Assad’s Army.

Climate: For the record: Health Officials Warn: 40,000 Could Die As Britain Hit With 3 Week Long Arctic Cold.

Bits and Pieces: George Friedman gives a succinct overview of Iran’s geopolitical position in the Middle-East, along with US blunders: Iran Reshapes the Middle East.

Canada Corner: The Financial Stability Board (FSB) has released their 2017 list of global systemically important banks (G-SIBs) and a new addition is the Royal Bank of Canada. Wikipedia defines a systemically important financial institution (SIFI) as a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. The Basel III accord specifically targets SIFIs by requiring increased bank capital reserves as capital surcharges. The table published by the FSB lists 5 levels of additional capital requirement with the Royal Bank being in the lowest or 1% level.

Of note in the Wikipedia article is the statement: Virtually every Systemically Important Financial Institution operates at the top level as a holding company made up of numerous subsidiaries. Should a SIFI default and particularly a savings bank, this would allow for an orderly structured dissolution of the SIFI in a manner that subsidiaries that have deposits and other financial assets of the general population might be kept operational with assets intact while other subsidiaries are wound up to satisfy creditors. The intent would be to avoid bail-ins of depositors although politicians might be bought off lobbied effectively to go the bail-in route to protect wealthy investors.

The US Federal Reserve examined the adequacy of Basil III provisions for systemic protection in the face of a financial crisis: Are Basel’s Capital Surcharges for Global Systemically Important Banks Too Small?. The assessment of an adequate capital reserve is complex, is probably SIFI-dependent and the Basel III requirements are likely far short of what is necessary to preserve some, if not all, of the 30 SIBs in the event of a global financial system collapse. Since the SIBs known as the “too big to fail” banks are bigger now than in the 2008 financial crisis, the next global crisis will likely be unstoppable. The interconnected nature of the global financial system guarantees the entire house of cards will come down.

We may see one (RBC) or two of the major Canadian banks fail but all may go down due to inter-dependencies. Those banks with the highest international exposure may be the most at risk from a global systemic crisis. I have commented earlier how the Canada Deposit Insurance Corporation (CDIC) has capital sufficient to ensure less than 1% of the deposit base, so your money may be at risk.

The general recommendation by smart asset managers and authors is to  invest part of your capital in hard assets like precious metals and (farm) land. The wealthier are investing in fine art, antiques and precious stones. These will remain when money is totally devalued.

As a final note I would recommend cryptocurrencies only as a speculation in the same class as Dutch tulip bulbs were at one time. I read a reference in the past week to some fellow who lost his hard drive (in an unspecified manner) with the cryptographic keys to his 7500 Bitcoins which are now part of the estimated 4 million lost forever. At around $11,000 a coin currently that has to hurt.

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 – 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 – 20170722, Saturday

Commentary: Trump may finally be getting it together with a strategic counteroffensive: Trump Preparing Counteroffensive; Begins Investigating Mueller’s Team For Conflicts, Trump launches all-out assault on Mueller probe, Trump Legal Shake Up: Kasowitz Out As Personal Attorney, Corrallo Resigns, an attack on Sessions’ performance Sessions: “I Will Continue Serving As Attorney General As Long As That Is Appropriate”, and a shot at Comey, “We Take Confidentiality Seriously At DOJ” Rosenstein Blasts Comey For Leaking Trump Memo.

It’s interesting to see the collateral damage appearing among former Obama officials: New Scapegoat Emerges In Unmasking Scandal: Meet Obama’s Former U.N. Ambassador Samantha Power, as well as recent revelations against Susan Rice (Confirmed: Susan Rice “Unmasked” Trump Team) and Loretta Lynch (Loretta Lynch Plot Thickens As New Details Emerge Of Her Dealings With The Hillary Campaign).

Civil Unrest: The depth of the Hamburg civil unrest has been ignored but Martin Armstrong has been following it: The Rising Youth & Civil Unrest.

From the Left: At the heart of the European migrant crisis we find … George Soros of course: Soros-sponsored immigration network in Italy.

The War on Cash: There is a steady stream of articles related to this topic that I have not bothered to report on, but here’s one: 95% Of Europeans Reject EU Efforts To “De-Cash” Their Lives. The issue is government control, not crime prevention. More sinister reasons are it will be necessary for the full implementation of global government and Agenda 21.

The American Empire (AE): I had published a link a little earlier to an article on the return of Syrian refugees to areas that war had moved on from. Scientists were surprised how soon life began to return to the areas of ash and pyroclastic flows of Mount St. Helens after the eruption. Human life can recover as quickly: Photos Of Aleppo Rising: Swimsuits, Concerts And Rebuilding In First Jihadi-Free Summer.

Canada Corner: Eat your hamburg with respect: Animal Rights Activists Yell About “Insulting” to Cows. Onward and upward in Canada’s housing market: HIGHEST JUNE MONTHLY RISE ON RECORD. And here’s another area where we rank highly: Greatest Fools? The Countries That Trust Their Government Most (And Least).

Goldman Sachs sees the Canadian housing market in not quite as dire terms as earlier reports here: Is Canada Really “In Serious Trouble”: Goldman Responds. It is not the case that borrowers are not as exposed to interest rate hikes as discussed in the past but that the banking sector can survive a large-scale default better than previously expected.

Bits and Pieces: I haven’t written much on socialism lately but here’s an EU update: On Europe’s Unsustainable Welfare State.

Tired of looking for Russians under every desk and coffee table and not finding them? Try this angle: Is Russiagate Really Hillarygate?.

A rather wonderful aspect of natural organization: Nature – Taking Care of the Elderly. We on the other hand, hunt them down and kill them.

The blind behavior of European authorities towards reporting and fighting Muslim crime has always puzzled me. Why haven’t the sheeple revolted? Perhaps Sweden is the worst example, and we read: Is Sweden A Failed State?

Bits and Pieces – 20170709, Sunday

Commentary: We are now in Strathroy. I will be preoccupied for the next month with inside and outside jobs so will not be reporting much. I’ll start, however, with this one: Autonomous Future: Disruptive Forklifts, AGVs, and Battery Swapping Devices for Cars. Note the loss of 45% of manufacturing jobs by 2025. We have too many people for this future. It’s time to stop ALL immigration. Below are a few items that stood out

Bits and Pieces – 20170619 – Monday

Civil Unrest: The deepening divides in the US leave one wondering which way it may go … er, blow. Here’s one civil war scenario: The Treasonous Secession Of Climate Confederacy States. Jerry Brown leads a renegade band of states that want to form their own international climate treaties, something forbidden in the constitution.

Then there’s the left/right divide that is becoming increasingly violent: Summer Of Hate: The Arrival Of The Crisis & The Second Civil War? The problem of a civil war based on political orientation is that it is not territorial in the sense that civil wars result in the division of a country. France is probably the model for this kind of civil war.

MSM: Media wars, the other side: Alex Jones Gets Jump On Megyn Kelly – Leaks Recordings “To Set The Record Straight”. Did Megyn’s piece air?

WWIII: Another piece moved into place against Russia ensuring the Russians will have to go nuclear defensively: Norway On The Way To Become Unfriendly Neighbor In Russia’s Eyes. And we have escalation in Syria beginning with the latest coalition attack on a Syrian fighter: Russia Halts Cooperation With US In Syria, Will “Intercept Any Aircraft” In Russian Areas Of Operation. And the response: Pentagon Responds: “US Pilots Will Defend Themselves If Attacked By Russians”. Remember, the generals are now in control.

The American Empire (AE): The AE apparently lost a key supporter: ISIS Leader Baghdadi Reportedly Killed In Russian Airstrike. Damn those Ruskies. Elsewhere on the periphery: US General Wants 20,000 Additional Ground Troops Sent To Afghanistan. Recall that Trump recently gave the military carte blanche: Donald Trump’s hands-off approach gives US military free rein.

Canada Corner: Housing info: Despite Bank Of Canada Hubris, Existing Home Sales Crash In May.

Bits and Pieces: Here’s something to stick in your back pocket: Scientists Warn Current Yellowstone Quake-Swarm “Could Rip The Guts Out Of America”. This event has spawned a sensationalist article: There Have Been 296 Earthquakes In The Vicinity Of The Yellowstone Supervolcano Within The Last 7 Days. This does not mean that much of the article may not be accurate. I recall reading years ago that a past eruption of the Yellowstone super-volcano affected much of the continental US as described.

Escalation in the Middle East: Saudis Foil Iranian Terror Attack On Major Offshore Oil Field. At depressed prices, it might be time to add some oil stocks to one’s portfolio. Also, Israel Has Been Secretly Funding Syrian Rebels For Years.

Bits and Pieces – 20170614 – Wednesday

Commentary: Here is a must-watch half hour video by George Friedman. He presents the best succinct description of key geopolitical issues that I can recall: the position of Russia, the problems in the EU, the Middle east with Turkey in a pivotal role, where China stands: Crisis & Chaos: Are We Moving Toward World War III?

Turn off CNN, NBC, CBC and the rest of the MSM and spend the time listening to this a second time. He brilliantly summarizes all you need to know about the issues driving the important events of today and tomorrow. If on the other hand you’d feel more comfortable watching a telethon, turn on CTV.

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