Was it Mr. Wauck or Mr. Luongo who reminded us a few days ago that the only reason President Nixon was able to get away with taking the USA off the gold standard without damaging the status of the US$ as the world's reserve currency was because he simultaneously got the Saudis to declare they would only accept dollars in payment for their oil and would pressure fellow Arab OPEC members to do the same?
The Federal Reserve has in the last three years created ~80% of every American Dollar ever to exist, and it wasn't being stingy with the digital printing press before that either. If the Saudis and Emiratis join the Russians in accepting gold or yuan, or god forbid, rubles as payment for oil and gas, what incentive is there exactly for all of the world's non-American central banks, exchanges, and commodities brokerages to hold massive dollar reserves? "Oh, I don't have to transact in this absurdly inflationary currency in order to purchase petroleum products? Well, I still need American dollars to buy American oil and gas, but their government is doing everything they can to shut down their production, so moot point. I'll hold gold and a basket of currencies instead."
"Barry, is that how you get the foreigners to stop buying the dollar and causing Weimar Republic hyperinflation?"
"The customer is always right." This archaic statement from my youth says it all. You get something and give something in exchange. This is how a moral society can function, and it is good for business. Where do you find responsive customer service today, even after navigating through multiple queries on your phone? You start to get someplace and they cut you off. Start over again. Doctors collect their fees, from insurance or the government and barely look at you. Professors who used to be badly paid and knew something are now replaced by know nothings who are highly paid and who don't even have to show up for classes. The fractional reserve system works fine when money is loaned for productive purposes by intelligent people, and as a result the economy grows. Keynesian economics also works to get us through the rough patches, but the debt must be repaid when we are prosperous again. All this has been thrown to the wind and money is created for non-productive purposes backed up by a stock market that is pure Ponzi. We can only hope that there will be people in the future capable of picking up the pieces and constructing a moral and happy society, but it is all falling apart at the seams now and in danger if imminent collapse.
1. Biden Administration and allies wanted the Ukraine Conflict, and thought it would be a useful scapegoat. They thought poking the bear was win win.
2. Putin thought the war would be a walk in the park.
3. Biden Administration, full of hubris, thought taking on Russia would be a walk in the park also. By using sanctions and the full power of the US and Western Control of the financial and economic tools, they thought they could destroy Russian.
4. There was no thought by the Biden Administration and allies, of how the rest of the world would react. No concern over their fear.
5. There was no thought of the economic power Russia has.
6. None of the private entities, that are allying with the Biden Administrations war on Russia, have thought about the cost of their lack of bias, and how that will be seen outside the West. MasterCard and Visa are the two that come to mind.
7. There has been no thought by the Biden Administration and their Allies, what happens if Russia survives their economic attacks.
Vox Day 3 Laws of SJW - he wrote some short books on the subject.
1. SJWs always lie.
2. SJWs always double down
3. SJWs always project
SJW Attack Sequence per Vox:
1. Locate or create a violation of the PC Narrative
2. Point and shriek
3. Isolate and swarm
4. Reject and transform, which refers to the futility of apologies, which simply are used as evidence for intensified attacks
5. Press for surrender, which refers to the tendency of SJWs to press their targets to resign, which allows them to hypocritically deny any responsibility for their mark’s destruction
6. Appeal to amenable authority, which means the SJWs’ search for the weakest link in their target’s employment or social status
If fuel continues to climb without any concessions from the Brandon administration, both parties will be looking to dump Brandon after the mid-terms. But what to do with Harris...?
If both Brandon and Harris are out of the question..doesn't that put Pelosi in charge? Now, that would really be out of the frying pan and into the fire!
The problem is, if the Dems can't cheat their way back in, they will just change the "rules" to get what they want and the (as we now know, well compensated) press will play along like it has always been done like this or that.
The dims won't be in a position to change the rules after the mid-terms. After the last election, the widescale shenanigans that are now being uncovered, e.g., the nursing home ballot harvesting in WI, ballot drop box scams, unsavory poll workers, etc., I expect there will be a lot of cameras and poll watchers in place to limit the cheating.
I can toot my horn for Virginia on this one - we didn't wait for the midterms. The RPV had poll watchers everywhere for our state office elections & convinced the national GOP to partner w/us so that we had a full brigade of legal beagles on hand to contact round the clock in case of election improprieties. Marc Elias, McArpetbagger's lead election lawyer, was shot down often. We now have a Republican Governor, Lt Gov & Attorney General.
We are many, they (corruption mongers) are few. Stand up, often, boldly & NOW. Don't wait until after another election.
I don't know, it's not like they even pretend go by convention anymore. They have learned that gaslighting the masses is super effective and it's like there are no limits on how far they will go with it now. As far as cheating during the election- there is video coverage of Georgia Ruby and her daughter pulling out suitcases full of ballots from under a table after they told everyone else to go home. We saw it with our own eyes, and what has happened to them? Legacy press won't even cover it.
I suspect they are doing every trick in the book to retain power. I ask myself, who would continue to be as self destructive as an addict unless they have other tactics they intend to use on us to further their insanity? You've got Elias and his lawfare group trying to gerrymander every district possible, David Brock attempting to harass/disbar "trump" lawyers, lots of other shenanigans to ensure perpetual cheat by mail voting in many parts, and of course the media all rooting for the "party of chaos". I'm sure I missed a couple, but I'm a bit anxious that this Summer is going to get as, if not more exciting than the BLM/Floyd celebrations. Hope I'm wrong, by a lot.
DFM Just tried to send one of your articles to a friend and outlook put an unsafe warning on all the links in the article, first time that has happened !
Hopefully, the fact that no one will talk to Biden is a sign that the entire rest of the world is sick of the United States puppet regimes and all of the other chaos brought about by this Deep State bs.
The fractional reserve banking system is a theory of banking that is not accurate at all of how banking works in the real world. I have tried several times to recommend Richard Werner , do yourself a favor and Google his name and listen to him for 5 minutes describe his experience doing an empirical study of the loan process, he got access as a professor to the inner processes of the bank and discovered that loans and credit are merely ledger entries, banks don't "get the money" for your loan from reserves or from deposits, they simply create it with bookkeeping, and the best way to understand what is going on is by looking at how banks are defined under the law. Essentially deposits and loans are contracts between you and the bank. IOUs travelling in both directions. Banks create money in the economy out of thin air simply by making loans. And the difference between a strong, healthy growing economy, and a weak , receding one is simply the number and vibrancy of local banks making localized loans to businesses in their community that they know and trust, for productive purposes. The more of those loans and the fewer speculative loans that go for the purchase of assets, the more vibrant a nation's economy. That's why where we are headed with Davos Man really is a tragedy, centralization of control will lead to stagnation and atrophy. We know what works. We are choosing not to do it that way. Here's Werner describing his experience attending a WEF meeting as part of a young leaders program (previous to the current program) , I think you'll get a kick out of this :
I haven't watched the Luongo podcast. I would submit, though, that the moral collapse has been much broader and with more pernicious effect than what might be traced to the fractional reserve banking system. That is just a symptom, along with all of the forms of speculation and derivative trading now prevalent in our financial system, which has become a giant Ponzi scheme built on a false foundation of fiat currency.
When no moral standards exist you can not have understanding or trust. Without those, obviously, you cannot trade with one another, make or take loans, or have any faith in investments or the financial system. But in a larger sense you no longer have the shared values that must underly social cohesion and society in general. Even the laws and the legal system are of no value if they are not backed up by people who are moral and choose to enforce them equally and apply justice blindly based on them. Lack of moral standards and a lack of belief in and fear of God is the sickness in our society now. Our society was initially founded on such and it will die (is dying) without such. Our current "leaders" are a reflection of that lack of morality that permeates our society now.
I used to quote Adams approvingly: "our constitution is fit for a moral and religious people and no other."
But lately I have wondered at the wisdom of a constitution framed for the best people in a society.
In a similar vein, I no longer agree when people say our founders would be rolling in their graves. Rather, I think they would congratulate each other for creating a system that did so well for so long. Then they would go back to work re-defining the checks and balances in the constitution.
Well said. The clowns are just symptoms. Very advanced symptoms, though. Prognosis poor unless we can somehow revive a strong and consistent public morality.
Foreign relations as driven by the Globalist Prog order is absolutely a religion and a moral order. Perhaps defeat at the hands of Russia will temporarily "resolve" that, but not for long. Dilating on the moral order is a good thing, because it means dilating on human nature. The belief that one can dispense with dilation on such fundamental matters, or that dilation thereupon is somehow a luxury that can be dispensed with, or a private matter that MUST be dispensed with--is the fatal flaw of the modern secular state, Classical Liberalism or Socialist, that got us here.
Well said, Mark! This is the reason we read your post. For those who haven't, consider going back to the beginning to read all of the posts by Mark to better understand the reason for the title "Meaning In History."
I think that was what was why Trump had to be dispensed asap. He actually solved problems that we voted for other pols to fix across the course of decades & it NEVER happened!
Was it Mr. Wauck or Mr. Luongo who reminded us a few days ago that the only reason President Nixon was able to get away with taking the USA off the gold standard without damaging the status of the US$ as the world's reserve currency was because he simultaneously got the Saudis to declare they would only accept dollars in payment for their oil and would pressure fellow Arab OPEC members to do the same?
The Federal Reserve has in the last three years created ~80% of every American Dollar ever to exist, and it wasn't being stingy with the digital printing press before that either. If the Saudis and Emiratis join the Russians in accepting gold or yuan, or god forbid, rubles as payment for oil and gas, what incentive is there exactly for all of the world's non-American central banks, exchanges, and commodities brokerages to hold massive dollar reserves? "Oh, I don't have to transact in this absurdly inflationary currency in order to purchase petroleum products? Well, I still need American dollars to buy American oil and gas, but their government is doing everything they can to shut down their production, so moot point. I'll hold gold and a basket of currencies instead."
"Barry, is that how you get the foreigners to stop buying the dollar and causing Weimar Republic hyperinflation?"
"Yes it is other Barry."
"The customer is always right." This archaic statement from my youth says it all. You get something and give something in exchange. This is how a moral society can function, and it is good for business. Where do you find responsive customer service today, even after navigating through multiple queries on your phone? You start to get someplace and they cut you off. Start over again. Doctors collect their fees, from insurance or the government and barely look at you. Professors who used to be badly paid and knew something are now replaced by know nothings who are highly paid and who don't even have to show up for classes. The fractional reserve system works fine when money is loaned for productive purposes by intelligent people, and as a result the economy grows. Keynesian economics also works to get us through the rough patches, but the debt must be repaid when we are prosperous again. All this has been thrown to the wind and money is created for non-productive purposes backed up by a stock market that is pure Ponzi. We can only hope that there will be people in the future capable of picking up the pieces and constructing a moral and happy society, but it is all falling apart at the seams now and in danger if imminent collapse.
SWAG:
1. Biden Administration and allies wanted the Ukraine Conflict, and thought it would be a useful scapegoat. They thought poking the bear was win win.
2. Putin thought the war would be a walk in the park.
3. Biden Administration, full of hubris, thought taking on Russia would be a walk in the park also. By using sanctions and the full power of the US and Western Control of the financial and economic tools, they thought they could destroy Russian.
4. There was no thought by the Biden Administration and allies, of how the rest of the world would react. No concern over their fear.
5. There was no thought of the economic power Russia has.
6. None of the private entities, that are allying with the Biden Administrations war on Russia, have thought about the cost of their lack of bias, and how that will be seen outside the West. MasterCard and Visa are the two that come to mind.
7. There has been no thought by the Biden Administration and their Allies, what happens if Russia survives their economic attacks.
Useful analysis tool on what is happening.
Vox Day 3 Laws of SJW - he wrote some short books on the subject.
1. SJWs always lie.
2. SJWs always double down
3. SJWs always project
SJW Attack Sequence per Vox:
1. Locate or create a violation of the PC Narrative
2. Point and shriek
3. Isolate and swarm
4. Reject and transform, which refers to the futility of apologies, which simply are used as evidence for intensified attacks
5. Press for surrender, which refers to the tendency of SJWs to press their targets to resign, which allows them to hypocritically deny any responsibility for their mark’s destruction
6. Appeal to amenable authority, which means the SJWs’ search for the weakest link in their target’s employment or social status
7. Show trial
8. Victory parade
If fuel continues to climb without any concessions from the Brandon administration, both parties will be looking to dump Brandon after the mid-terms. But what to do with Harris...?
If both Brandon and Harris are out of the question..doesn't that put Pelosi in charge? Now, that would really be out of the frying pan and into the fire!
Not after the mid-terms with the R's running the House.
The problem is, if the Dems can't cheat their way back in, they will just change the "rules" to get what they want and the (as we now know, well compensated) press will play along like it has always been done like this or that.
The dims won't be in a position to change the rules after the mid-terms. After the last election, the widescale shenanigans that are now being uncovered, e.g., the nursing home ballot harvesting in WI, ballot drop box scams, unsavory poll workers, etc., I expect there will be a lot of cameras and poll watchers in place to limit the cheating.
I can toot my horn for Virginia on this one - we didn't wait for the midterms. The RPV had poll watchers everywhere for our state office elections & convinced the national GOP to partner w/us so that we had a full brigade of legal beagles on hand to contact round the clock in case of election improprieties. Marc Elias, McArpetbagger's lead election lawyer, was shot down often. We now have a Republican Governor, Lt Gov & Attorney General.
We are many, they (corruption mongers) are few. Stand up, often, boldly & NOW. Don't wait until after another election.
I don't know, it's not like they even pretend go by convention anymore. They have learned that gaslighting the masses is super effective and it's like there are no limits on how far they will go with it now. As far as cheating during the election- there is video coverage of Georgia Ruby and her daughter pulling out suitcases full of ballots from under a table after they told everyone else to go home. We saw it with our own eyes, and what has happened to them? Legacy press won't even cover it.
+1 for the use of shenanigans. ;-)
I suspect they are doing every trick in the book to retain power. I ask myself, who would continue to be as self destructive as an addict unless they have other tactics they intend to use on us to further their insanity? You've got Elias and his lawfare group trying to gerrymander every district possible, David Brock attempting to harass/disbar "trump" lawyers, lots of other shenanigans to ensure perpetual cheat by mail voting in many parts, and of course the media all rooting for the "party of chaos". I'm sure I missed a couple, but I'm a bit anxious that this Summer is going to get as, if not more exciting than the BLM/Floyd celebrations. Hope I'm wrong, by a lot.
(fx typo)
DFM Just tried to send one of your articles to a friend and outlook put an unsafe warning on all the links in the article, first time that has happened !
Sure seems to me like they are treating Putin/Russians like they did Trump/Americans.
I take that as a compliment.
Hopefully, the fact that no one will talk to Biden is a sign that the entire rest of the world is sick of the United States puppet regimes and all of the other chaos brought about by this Deep State bs.
That is the playbook they use.
Tea Party
Trump
Covid protesters
Jan 6 protesters
Questioning election fraud
Canadian truck drivers
Russia
Interesting the treatment they have in common.
If Biden keeps it up, he - along with his tribe and handlers - will cement his fate.
Either by rope after tribunal, or his very own Ceaușescu party.
Thats not a threat: the JoBamas are clearly no longer in charge of their own regime.
The fractional reserve banking system is a theory of banking that is not accurate at all of how banking works in the real world. I have tried several times to recommend Richard Werner , do yourself a favor and Google his name and listen to him for 5 minutes describe his experience doing an empirical study of the loan process, he got access as a professor to the inner processes of the bank and discovered that loans and credit are merely ledger entries, banks don't "get the money" for your loan from reserves or from deposits, they simply create it with bookkeeping, and the best way to understand what is going on is by looking at how banks are defined under the law. Essentially deposits and loans are contracts between you and the bank. IOUs travelling in both directions. Banks create money in the economy out of thin air simply by making loans. And the difference between a strong, healthy growing economy, and a weak , receding one is simply the number and vibrancy of local banks making localized loans to businesses in their community that they know and trust, for productive purposes. The more of those loans and the fewer speculative loans that go for the purchase of assets, the more vibrant a nation's economy. That's why where we are headed with Davos Man really is a tragedy, centralization of control will lead to stagnation and atrophy. We know what works. We are choosing not to do it that way. Here's Werner describing his experience attending a WEF meeting as part of a young leaders program (previous to the current program) , I think you'll get a kick out of this :
https://mobile.twitter.com/_taylorhudak/status/1496792502791118850
I haven't watched the Luongo podcast. I would submit, though, that the moral collapse has been much broader and with more pernicious effect than what might be traced to the fractional reserve banking system. That is just a symptom, along with all of the forms of speculation and derivative trading now prevalent in our financial system, which has become a giant Ponzi scheme built on a false foundation of fiat currency.
When no moral standards exist you can not have understanding or trust. Without those, obviously, you cannot trade with one another, make or take loans, or have any faith in investments or the financial system. But in a larger sense you no longer have the shared values that must underly social cohesion and society in general. Even the laws and the legal system are of no value if they are not backed up by people who are moral and choose to enforce them equally and apply justice blindly based on them. Lack of moral standards and a lack of belief in and fear of God is the sickness in our society now. Our society was initially founded on such and it will die (is dying) without such. Our current "leaders" are a reflection of that lack of morality that permeates our society now.
I used to quote Adams approvingly: "our constitution is fit for a moral and religious people and no other."
But lately I have wondered at the wisdom of a constitution framed for the best people in a society.
In a similar vein, I no longer agree when people say our founders would be rolling in their graves. Rather, I think they would congratulate each other for creating a system that did so well for so long. Then they would go back to work re-defining the checks and balances in the constitution.
A lot of what made the US unique is being burned for short term gains.
- Rule of law
- equal law enforcement
- non corrupt government
- trustworthy elections
- merit based outcomes
Has the cost of trying to vanquish Trump, and his Allies, supporters, and achievements been worth it?
^this^
These essentials were chucked to the side long before Trump. He just made it painfully obvious to all of us.
Well said. The clowns are just symptoms. Very advanced symptoms, though. Prognosis poor unless we can somehow revive a strong and consistent public morality.
Clown show is right!! I’d like to hug every person in Poland for revealing us to be frauds that love getting other countries blown up.
Fraud vitiates everything it touches, fraudulent currencies facilitate all the racketeers games.
You beat me to it!
Operator, oh will you help me place this call?...
And the operator says that’ll be 40cents more for the next three minutes.
"Please Mr. Prime Minister, I just got to talk to you a while ..."
but Saudi Arabia says, "history's packing, going to leave you behind ..."
and the UAE agrees, "we're going the other way, no time to say goodbye ..."
Click.
You get it Chuck.
Foreign relations as driven by the Globalist Prog order is absolutely a religion and a moral order. Perhaps defeat at the hands of Russia will temporarily "resolve" that, but not for long. Dilating on the moral order is a good thing, because it means dilating on human nature. The belief that one can dispense with dilation on such fundamental matters, or that dilation thereupon is somehow a luxury that can be dispensed with, or a private matter that MUST be dispensed with--is the fatal flaw of the modern secular state, Classical Liberalism or Socialist, that got us here.
Well said, Mark! This is the reason we read your post. For those who haven't, consider going back to the beginning to read all of the posts by Mark to better understand the reason for the title "Meaning In History."
I think that was what was why Trump had to be dispensed asap. He actually solved problems that we voted for other pols to fix across the course of decades & it NEVER happened!