Tag: Clown World

Contemplating De-dollarization

The Tree of Woe takes a victory lap concerning his prediction about the end of the US dollar hegemony:

In his novel Goldfinger, Ian Fleming famously said “Once is happenstance. Twice is coincidence. Three times is enemy action.” We’re well past three events. This is not a “trend”. This is a globally coordinated action against the petrodollar and there’s no mistaking what it means.

It means the Petrodollar System that has served as the bedrock of world finance since the 1970s is over.

It means I’ve been proven right even faster than I expected.

What is altogether depressing, yet not at all surprising, is how the press coverage of these shocking events has (a) utterly misunderstood their causality and (b) grossly underestimated their gravity. I’m going to use article over at VisualCapitalist.com as my punching bag because it so perfectly captures everything that’s wrong with our mainstream elite… Being either ignorant of or unwilling to acknowledge the petro-military basis of our financial order, VisualCapitalist.com then proceeds to misdiagnose the reason for the dollar’s precipitous decline, writing:

Concerned about America’s dominance over the global financial system and the country’s ability to ‘weaponize’ it, other nations have been testing alternatives to reduce the dollar’s hegemony…

They have entirely confused cause and effect. Other nations have been testing alternatives to reduce the dollar’s hegemony since, well, since the dollar has been hegemonic. All prior “tests” have resulted in the destructing of whichever regime was performing the test. Ask Muammar Gaddafi how his gold dinar worked out.

As I documented in Running on Empty (now available as a book!), since 1971 America’s dominance over the global financial system has been based on America’s military dominance over the Middle East. Now that America’s military dominance has declined, athe country’s dominance over global finance has declined, too. Therefore, the honest way to report the news would be to say:

Unconcerned about America’s purported military dominance and tired of the country’s increasingly punitive attempts to ‘weaponize’ the dollar to make up for it, nations have been testing alternatives to reduce the dollar’s hegemony…

Because that is what is actually happening. Of course no one will say that.

And what will be the consequences of this global event? Our friends at VisualCapitalist.com assert:

Despite these movements, few expect to see the end of the dollar’s global sovereign status anytime soon.

And they’re right. Very few experts expect to see the end of the dollar’s global sovereign status anytime soon. That’s because the majority of experts are too stupid to realize it’s already ended.

He’s absolutely right. It’s already over, and every single day, we’re seeing more countries taking steps to free themselves of the economic chains imposed by the petrodollar. The key, as the Tree of Woe repeatedly points out, is that the decline of the US military combined with the rise of the Chinese and Russian militaries, means that the nations of the world are free agents for the first time in seven decades.

As I pointed out in a recent Darkstream, the reason all the Clown World intellectuals declared the absolute necessity of winning the war in Ukraine, much to the confusion of the people of the USA and Europe who don’t understand why Ukraine matters when Afghanistan didn’t, is because Ukraine clearly shows the limits of US military power. And the whole system rested on the idea that any nation that attempted to evade the dollar tax would be punished with military invasion and regime change.

But the global superpower is no more. Everyone can see that the Empire has no army. Which means the nations are now free to buy and sell as they choose, in whatever medium of exchange they choose, rather than having to pay a tax to the US bankers on every single transaction. And the rapidity with which each of the steps taken by countries from Argentina to India, and from Brazil to Malaysia, indicates the eagerness with which the peoples of the world seek to free themselves from their dollar chains.

DISCUSS ON SG

The Clownfoolery Intensifies

The judicial clowns of Clown World actually convicted a meme lord for posting memes on Twitter:

A self-styled far-right propagandist from Florida was convicted Friday of charges alleging that he conspired to deprive individuals of their right to vote in the 2016 presidential election.

Douglass Mackey, 33, of West Palm Beach, Florida, was convicted in Brooklyn federal court before Judge Ann M. Donnelly after a one-week trial. On the internet, he was known as “Ricky Vaughn.”

In 2016, Mackey had about 58,000 Twitter followers and was ranked by the MIT Media Lab as the 107th-most important influencer of the then-upcoming presidential election, prosecutors said. He had described himself as an “American nationalist” who regularly retweeted Trump and promoted conspiracy theories about voter fraud by Democrats.

Mackey, who was arrested in January 2021, could face up to 10 years in prison. His sentencing is set for Aug. 16….

U.S. Attorney Breon Peace said in a release that the jury rejected Mackey’s cynical attempt to use the First Amendment free speech protections to shield himself from criminal liability for a voter suppression scheme.

“Today’s verdict proves that the defendant’s fraudulent actions crossed a line into criminality,” he said.

The government alleged that from September 2016 to November 2016, Mackey conspired with several other internet influencers to spread fraudulent messages to Clinton supporters.

Prosecutors told jurors during the trial that Mackey urged supporters of then-Democratic presidential candidate Hillary Clinton to “vote” via text message or social media, knowing that those endorsements were not legally valid votes.

The absurdity of putting Ricky Vaughn in jail for a tweet that was an obvious joke is self-apparent, particularly in light of what has been ruled “free speech” and “free expression” as well as the massive quantities of voter fraud in the 2020 election alone.

But it is also a serious warning about the way in which the clowns genuinely intend to utilize any excuse to use the institutions and agencies of government to harm Americans in every way they possibly can.

This conviction further demonstrates the wisdom of refusing to engage with the US political system any longer. The less contact one has with Clown World and its retarded inmates, the better. It’s not as if Americans are going to vote their way out of chaos.

DISCUSS ON SG

President Trump Indicted

President Donald Trump has been indicted in New York:

A Manhattan grand jury has voted to indict Donald Trump over hush money paid to porn star Stormy Daniels. Trump becomes the first former president to face criminal charges, which are expected in the coming days. It marks the end of a years long investigation into hush money paid to adult movie star Stormy Daniels in 2016, allegedly to buy her silence about their affair.

The indictment means he is the first former president to be charged with a crime and it takes the country into uncharted legal and political territory, with a candidate for president now facing arrest and the prospect of humiliating court appearances.

It marks a victory for Manhattan District Attorney Alvin Bragg’s office, which has been probing a $130,000 hush money payment made by Michael Cohen, Trump’s former lawyer and fixer, to Daniels, 44, during the 2016 presidential campaign.

Doesn’t exactly shock the world, but we’ll see if they actually follow through and arrest him.

DISCUSS ON SG

A Government of Literal Morons

The United States is observably well into the “decline” part of “decline and fall”. If you ever doubted my prediction that the US polity will collapse and break apart, do keep this astonishing statement by a high-ranking government official in mind:

A top official in Democrat President Joe Biden’s administration recently told Congress that “natural immunity is not something we believe in.”

Gil Cisneros, Biden’s undersecretary of defense for personnel and readiness, made the statement while arguing the case for vaccine mandates for members of the U.S. military. Cisneros made the claim shortly after a British study showed prior infection protects people as well as or better than vaccination.

The armed forces will instead continue to push service members to take the COVID-19 vaccine “and boosters,” Cisneros declared.

He continued by denying an inspector general’s report that officials reviewed Christians’ requests for religious exemptions only 12 minutes before dismissing them.

“We don’t know about natural immunity there, as far as how it works and how effective it is,” replied Cisneros after Rep. Jim Banks (R-IN) raised the U.K. study during the congressional hearing.

“There’s no good evidence and the research is still going on as to how we need to progress with this,” said Cisneros.

“But as for right now, natural immunity is not something we believe in for this, and so we are still moving forward.”

This isn’t “trust the science” anymore. It’s “trust the retards who don’t know the first thing about science”. I knew Clown World was fake, evil, and gay, but I had no idea it was so deeply and utterly retarded.

I once said Americans would be fortunate to preserve indoor plumbing. But it’s increasingly clear that we’re not going to be that lucky. The plumbing, it is most certainly toast.

Forget the History subscription. We may need to introduce a Basic Survival and Technology subscription.

DISCUSS ON SG

Rekonquista Kommend

The Green Party of Düsseldorf should be credited for repopularizing Hitler when the history of the German Rekonquista of the 2030s is written:

Germany’s first Arabic-language street sign has appeared in the city of Düsseldorf, and Islamic associations and the Green Party are praising the new development.

“Bilingual street signs are also a symbolic expression of social inclusion. They show that people identify with their district and the diversity of their district,” the city’s Green Party wrote in a statement.

“For several generations, many people, families and tradespeople with a Moroccan and Maghreb background (who) helped to build (Germany) have lived in the district, the Greens wrote, adding that “they deserve respect, admiration and representation.”

The German people survived the Romans, the Huns, and the Soviets. They’ll survive Clown World too. But the reclamation of their sovereignty and their land probably isn’t going to be particularly pretty.

Meanwhile, in France, they’re already burning the homes of pro-immigration politicians.

The house of a left-wing mayor in France, who supports a controversial plan to establish an asylum center in the small seaside town of Saint-Brevin-les-Pins, has been burned down in a suspected arson attack. Police were called to the residence of Yannick Morez early on Wednesday morning after his home and two vehicles were destroyed in the blaze.

DISCUSS ON SG

Russia Backs Chinese Reunification

It’s clear that Taiwan is the next major front in the global declownization program. I still anticipate it will be peaceful, despite the best efforts of the neoclowns to start another war there.

Vladimir Dzhabarov, the first deputy chairman of the Federation Council’s International Relations Committee, said on Monday’s episode of Rossiya-24 television that Russia hopes Taiwan will peacefully rejoin China, according to Russian news agency TASS.

“This is a single territory. We are not talking about Taiwan’s sovereignty: It’s the territory of the People’s Republic of China. We hope that Taiwan’s reunification with China will take place peacefully sooner or later,” Dzhabarov said.

The lawmaker asserted that Russia will always support mainland China and agrees with every position Beijing takes toward Taipei.

Clown World is crumbling fast.

Clown World Law

The economic tide is rapidly going out and it is exposing the utterly false foundations of the Enlightenment-based societies in the process. Switzerland was once known throughout the world for its serious dedication to law, order, and direct democracy. Now, only a few months after throwing away centuries of historic neutrality on behalf of the losing side of the NATO-Russian War, even the Saudis are openly mocking the government’s false pretensions to “law” and “democracy” in the aftermath of the government shenanigans forcing the UBS-Credit Suisse merger.

On Wednesday, the so-called “trinity” of the Swiss National Bank, regulator Finma and minister of finance summoned Credit Suisse chair Axel Lehmann, who was in Saudi Arabia for a conference, and chief executive Ulrich Körner for a call.

In the same meeting where they authorised the CHF50 billion backstop, they also delivered another message: “You will merge with UBS and announce Sunday evening before Asia opens. This is not optional,” a person briefed on the conversation recalls…

“You make fun of dictatorships and then you can change the law over the weekend. What’s the difference between Saudi Arabia and Switzerland now? It’s really bad,” says one person close to one of the three major shareholders.

The international business community is not impressed.

“Switzerland’s standing as a financial center is shattered. The country will now be viewed as a financial banana republic. The Credit Suisse debacle will have serious ramifications for other Swiss financial institutions. A countrywide reputation with prudent financial management, sound regulatory oversight and, frankly, for being somewhat dour and boring regarding investments, has been wiped away.”

— Opimas CEO Octavio Marenzi

The worst thing is that it was totally unnecessary too. But the two big banks wanted to go play in the shark-infested waters of the US financial markets, and unsurprisingly, they were eaten alive. And yet, the government is still kowtowing before US and EU demands out of fear of being left out. But left out of what, terminal financial cancer?

It’s not as if any of the European governments are any better. Many are considerably worse. France is openly disregarding the fury of its people over pension changes. The UK and Italy are actively replacing their native populations and criminalizing all dissent.

Everything you were ever taught about “liberal democracy” was a complete and utter lie. Literally everything. Don’t forget that the next time any government mouthpiece tries to tell you about anything.

DISCUSS ON SG

The Wages of Clown World

Is disease, bankruptcy, deindustrialization, and death. A German institution dating back to 1380 survived many challenges over the centuries, but it didn’t survive Clown World.

The deindustrialization of Germany is in full swing. Eisenwerk Verlag GmbH has filed a claim to declare itself bankrupt The reason for bankruptcy is standard for our time – energy resources risen in price. This Saxon metallurgical enterprise traces its history back to 1380. For 600 years it has survived the Hanseatic League, two orders of knighthood – the Teutonic and Livonian, the Reformation, the First and Second World Wars, the Cold War and the Global Economic Crisis, but didn’t survive Olaf Scholz.

Clown World kills. It kills people, it kills business enterprises, and it kills nations.

DISCUSS ON SG

Bank Contagion

Booster Patrol may need to do another remake here soon, because it’s not looking good for Credit Suisse or for Santander in Spain.

Just got fired from this awful bank. There is literally no money. They’ve made awful investments in at least six countries and want to downsize to an online banking service should they get a bailout. They
are cutting credit card limits so people can’t withdraw money.

This is actually big. Unlike the banks that crashed already, Santander is an international bank that works with middle to lower class private citizens much more than business and rich people. The mood is awful. There is already talks of a massive recession all across the west. It is all but confirmed.

When even people who know nothing about economics are talking about a massive recession, you know you’re already in a serious depression. We have been since 2008, of course, but the declining economic activity been disguised by the combination of zero percent interest rates, government spending, and mass immigration.

Remember, GDP measures economic activity in the form of spending, so every time a Guatemalan enters the USA, receives $30,000 in state and federal assistance, and spends it at McDonald’s and wherever people buy cheap clothes these days, the economy grows!

Notice how it’s the international banks that are particularly struggling now, due to foreign investments that were absolutely unnecessary from the start. Because, as the investment bankers like to say, bears make money and bulls make money, but pigs get slaughtered.

UPDATE: UBS has offered to buy Credit Suisse for up to $1bn, with Swiss authorities planning to change the country’s laws to bypass a shareholder vote on the transaction as they rush to finalise a deal before Monday. The Swiss National Bank and regulator Finma have told international counterparts that they regard a deal with UBS as the only option to arrest a collapse in confidence in Credit Suisse and were working to reach regulatory agreement by Saturday night.

So the biggest banks get even bigger, and banking becomes more centralized and intrinsically more fragile. This is not a fix, this is just buying time until the next failure. Remember, it was UBS that had to be bailed out in 2008.

And notice how the rules are completely ignored. It would normally require a six-week period for UBS shareholders to consider the acquisition.

UPDATE: It looks as if the merger is off as the offer from UBS was rejected, probably because it was for about one-eight the market cap. Now the Federal Council is looking at nationalizing Credit Suisse, which is probably the right way to go. It’s certainly better than handing bankers a windfall while increasing the fragility of the system.

UPDATE: UBS is doubling the size of its offer, to CHF 2 billion, and it appears the offer will be accepted. $6 billion in market cap just vanished. This is what deflation looks like.

DISCUSS ON SG