Tag: economics

Global NATO Threatens China

This proposal floated by the Foreign Secretary of the United Kingdom may be one of the most shortsighted, suicidal geopolitical visions ever articulated in the written history of Man, as the West is rapidly being replaced by the growing power of the NorthEast.

The world order created after the Second World War and the Cold War isn’t working anymore, so the West needs “a global NATO” to pursue geopolitics anew, UK Foreign Secretary Liz Truss argued, in a major foreign policy speech on Wednesday. Truss also urged the US-led bloc to send more “heavy weapons, tanks” and airplanes to Ukraine, and said China would face the same treatment as Russia if it doesn’t “play by the rules.”

“My vision is a world where free nations are assertive and in the ascendant. Where freedom and democracy are strengthened through a network of economic and security partnerships,” Truss said in a speech at a Mansion House banquet in London.

Dubbing this arrangement “the Network of Liberty,” Truss argued it was necessary because the economic and security structures developed after 1945 – such as the UN Security Council – “have been bent out of shape so far, they have enabled rather than contained aggression.”

“Geopolitics is back,” she announced.

The collective West and its allies need to supply Kiev with “heavy weapons, tanks, aeroplanes – digging deep into our inventories, ramping up production,” Truss said, because the objective is to “push Russia out of the whole of Ukraine” and rebuild the country along the lines of a new Marshall Plan.

“The war in Ukraine is our war – it is everyone’s war because Ukraine’s victory is a strategic imperative for all of us. Beyond that, NATO must ensure that “the Western Balkans and countries like Moldova and Georgia have the resilience and the capabilities to maintain their sovereignty and freedom,” and uphold the “sacrosanct” open-door policy, Truss said.

Her ambitions went beyond Europe, though, as Truss denounced the “false choice between Euro-Atlantic security and Indo-Pacific security. In the modern world we need both. We need a global NATO,” she said. “And we must ensure that democracies like Taiwan are able to defend themselves.” Pointing to London’s unprecedented effort to embargo Russia, Truss insisted that “economic access is no longer a given. It has to be earned,” and that countries who wish to earn it “must play by the rules. And that includes China.”

In other worlds, the New World Order aka the neo-liberal rules-based world order aka Globohomo has failed, so naturally what is needed is more of that which has failed. This response isn’t even remotely surprising in the abstract, as doubling down is what idiots and fools always do instead of examining the reasons for their failure and rethinking both their assumptions and their approach.

But it is surprising in the particular, as Russia, China, Iran, Saudi Arabia, and now Algeria have made it clear that they will not submit to the globalists’ demands that they deliver natural resources to their Western customers on demand while simultaneously being subject to having their economic access to those same customers controlled by the globalists.

Indeed, if they are given a choice, many in the West will choose the growing economic system of the NorthEast over the collapsing system of the West. But they will not be given a choice if the globalists have anything to say about it.

This tends to strongly support something I have repeatedly pointed out, the Russian Special Military Operation has very little to do with Ukraine per se; it is merely the opening battle in the NorthEast’s war with the globalists who rule over the West. This will be confirmed when the second battle begins, though whether that will be in Taiwan, Western Europe, Russia, or somewhere in the Middle East is yet to be seen.

DISCUSS ON SG

Russia Cuts Off Poland, Bulgaria

In response to Russia refusing to ship natural gas to countries that refuse to pay in a currency deemed acceptable to Russia, European leaders are threatening to utilize even harsher rhetoric in response.

Russian energy giant Gazprom today halted gas supplies to Bulgaria and Poland for failing to pay for its gas in roubles, as Vladimir Putin ordered last month, pushing European gas prices up by 24 percent.

The decision is the Kremlin’s toughest response yet to crippling Western sanctions imposed over Moscow’s brutal on-going invasion of Ukraine, that have sent the Russian economy and the value of the rouble into a nosedive.

In response, the UK warned President Putin that Russia’s move will only add to its status as an economic and political pariah, while Poland and Bulgaria both accused Moscow of blackmailing them, and said they will end their dependencies on Russian gas.

European Union Commission President Ursula von der Leyen also called the move ‘yet another attempt by Russia to use gas as an instrument of blackmail. This is unjustified and unacceptable.’

The European Union could impose a crude oil embargo on Russia, with the two having been locked in a stand-off for weeks after the EU rejected Putin’s demands for payment in roubles from so-called ‘unfriendly’ buyers.

The market reacted quickly to the decision by state-owned Gazprom. Benchmark European gas prices jumped by up to 24 per cent to €121 (£102) per megawatt-hour today, to hit their highest level this month and almost seven times higher than they were a year ago. The UK equivalent increased by 14 per cent to 180 pence per therm.

The two EU countries are the first to have their gas cut off by Europe’s main supplier since the Kremlin launched what it calls a ‘special military operation’ in Ukraine on February 24, and after it threatened to turn off the taps to the West in response to mounting sanctions.

Europe is being taught a hard, but necessary lesson in the difference between hard power and soft power, which is the difference between actual power and empty words. And it is paying a steep price for being the lapdog’s lapdog, which is another word for chew toy.

Russia’s move raised wider concerns that other countries could be targeted next.

COULD BE? Without question WILL BE is the much more certain bet. Many of these countries, including Germany, France, and the UK, are fortunate that they aren’t already being actively bombed for their overt belligerence in supplying Ukraine with military weapons. And their leaders appear to have no idea just how bad the collapse of the neo-liberal world order will be for them, even as the first domino is falling.

Meanwhile, the awful truth is gradually dawning, even on the left wing of the globalist media.

The broader, negative political impact of the war, should it rage on indefinitely, is almost incalculable. The UN’s future as an authoritative global forum, lawmaker and peacekeeper is in jeopardy, as more than 200 former officials warned Guterres last week. At risk, too, is the credibility of the international court of justice, whose injunction to withdraw was scorned by Putin, and the entire system of war crimes prosecutions. In terms of democratic norms and human rights, the full or partial subjugation of Ukraine would spell disaster for the international rules-based order.

Exactly. Amen and hallelujah. This is about as close to a good war as it gets.

DISCUSS ON SG

Testing the Hypotheses

Over the last decade, a lot of theoretical hypotheses have been subjected to real-world practical tests and failed. Unfortunately, this hypothesis appears to be holding up over time as the evidence comes in:

Hypothesis: The jabs not only don’t work they ruin immunity, and the more of them you take the worse the odds (by some factor, either linear or exponential — but with an unknown exponent) of one of the following outcomes:

Immediate death or serious disability due to clotting disorders or other serious systemic dysregulation.
OAS imprinting, such that each new insult confers and strengthens an incorrect antibody response (that increasingly fails to neutralize the infection.)
OAS imprinting as above coupled with evolutionary pressure that results in ADE (binding antibodies overwhelm neutralizing), and the infection kills you outright as your body is unable to fight off the acute phase at all.
OAS imprinting as above which results in an inability to entirely clear the infection. This is a nightmare scenario as low-level damage continues to accrue from the virus itself, much as occurs with AIDS. It’s not AIDS and those claiming it is are wrong on the facts, but it bears a resemblance to it and so will the outcomes (nasty infections that ordinarily don’t bother someone become ugly to the point of serious or even lethal results.)
There is evidence for this already, and its getting stronger over time. We knew this might happen too because the first three have occurred with every single attempt to vaccinate against a coronavirus in history, no matter the mechanism used to deliver the antigen production and as a result of same showing up in animal trials, given enough time, they were halted before humans got ****ed.

This time we didn’t bother with the animal trials which require a year or two to find out. We’re finding out in animals — human animal trials — that the evidence is emerging for exactly the same outcomes.

Yes, that’s bad.

It’s not Case Nightmare Kitty, but it’s looking a little worse in the long run than I had hoped after the worst scenarios were quickly ruled out. That being said, it will be necessary to keep an eye on a) all-cause death rates and b) birth rates over the next five years to understand the full extent of the ongoing damage to the populace.

As Karl Denninger says: “The nature of this sort of issue is that it is likely to reveal the boundary of the horror slowly rather than rapidly.”

The End of International Capital

In addition to triggering the Great Bifurcation of the world into two economic blocs, the US response to the Russo-NATO war in Ukraine is likely to bring an end to the age of the free movement of capital.

Washington is not planning to return the assets confiscated from Russian businessmen as part of the latest sanctions imposed on Moscow over the military operation in Ukraine, US National Security Advisor Jake Sullivan said on Thursday.

“Our goal is not to give them back,” Sullivan said at the Economic Club of Washington, adding that the US authorities would use the seized assets “in a better way.”

“There are authorities we have, and there are further authorities that maybe we could develop, and that’s something we’re actively looking at,” the official added.

The White House has introduced several rounds of sanctions against Moscow since February 24, when Russia’s military operation in Ukraine began. As part of the penalties, the US authorities arrested Russian foreign assets along with those belonging to the country’s businesses and high-profile individuals.

How good do your project returns in a given jurisdiction have to be in order to justify the risk of having all of your property seized simply because the politicians in that jurisdiction don’t approve of the actions of your government?

It’s a little bizarre that we’re not hearing any neoclassical economists or libertarians talking about this, when it’s quite possibly one of the most significant developments to take place. And this isn’t just a theoretical observation, as a major Chinese oil company is already selling off its assets in Australia, Canada, and the USA as it terminates its operations in the West.

DISCUSS ON SG

Deflation on the Horizon

Sri Lanka just defaulted on its debts for the first time since independence in 1948:

The Government yesterday signaled Sri Lanka was bankrupt, announcing a temporary suspension of repayment of all external debt as of yesterday, saying the country can no longer honour its commitment owing to poorer financial position caused by external and internal shocks.

The move puts an end to Sri Lanka’s outstanding track record of servicing its external debt obligations since the independence but a “negotiated or soft default” is viewed as more respectable as opposed to a disastrous “hard default”.

Treasury Secretary Mahinda Siriwardena told journalists yesterday that the “orderly and consensual” restructuring of external debt obligations will be buttressed by an economic assistance program supported by the International Monetary Fund.

He recalled that Sri Lanka has had an unblemished record of external debt servicing since independence in 1948.

“However recent events including the COVID-19 pandemic and fallout from the hostilities in Ukraine, eroded Sri Lanka’s fiscal position,” he said.

It’s not a secret that the Neoliberal World Order is collapsing. And this is how it happens, with defaults on the periphery gradually having an impact on the banks that make up the heart of the foundation. That’s up to $51 billion that just disappeared from the money stock, which is the equivalent of $165 for each US citizen.

As more and more of the most intelligent part of the commentariat are beginning to understand, money is no longer printed. It is created through loans, and when debtors cannot service their debt – Sri Lanka could not repay the $6 billion it presently owed – or when debtors elect to borrow money in other currencies as will increasingly happen in the wake of the recent US sanctions – the money supply contracts.

This process has already begun, despite the higher food and gas prices that are the result of war-related supply shortages.

DISCUSS ON SG

The Failure of Capitalism

Capitalism and Contract Law are like pretty much everything else, which is to say, beneficial in moderation. While it’s true that two of the reasons for retarded economic development are a) a lack of capital and b) unreliability, having no labor force is even more detrimental and having no viable population growth is a downright showstopper.

Furious locals at a Yorkshire fishing village are ‘heartbroken’ as they accuse city-dwelling staycationers of ‘killing’ their community by snapping up ‘all but five’ properties to use as second homes and holiday lets while house prices ‘go through the roof’.

Robin Hood’s Bay, an idyllic seaside spot around six miles south of Whitby in the North York Moors National Park, surged in popularity among locked-down Britons who were discouraged from taking foreign holidays during the Covid crisis.

Most properties have since been gobbled up as second homes or holiday lets by urban outsiders ‘within hours of being listed’, with rocketing prices – in some cases, almost doubling in the past eight years – now preventing many families from getting their foot on the housing ladder.

Angry residents have blasted the ‘absolute nightmare’ trend of staycationers buying local homes, and are now calling for ‘more balance’, warning that those who have lived in Robin Hood’s Bay for decades are seeing the community dwindle.

Now that theory has been put into practice for several decades, globalism is rapidly proving to be less economically viable then communism and less societally sustainable than feminism.

Boris Johnson has been warned of a ballot box backlash amid anger that English villages are being ‘swallowed up’ by sprawling towns.

Planning reforms designed to help the government hit its target of 340,000 new homes a year are still expected to be a significant factor at local elections next month, despite desperate efforts to defuse the issue.

Countryside advocates claim that villages particularly in southern England are losing their identity as they become part of a wider sprawl from towns with profit-hungry developers building on green belt land to reduce their costs.

Concerns are also mounting over a so-called ‘rural flight’ of young people who are being forced to leave villages because of a lack of housing and job opportunities which is ‘hollowing out’ small communities around the UK.

Developments are said to be being passed more easily by councils keen to hit Government targets, which is also resulting in a lack of affordable housing being built in these areas because it is less lucrative for developers.

It’s also becoming obvious why the globalists see human depopulation as necessary. Their system simply doesn’t work anywhere nearly as well as it was advertised.

DISCUSS ON SG

We Made It Happen

So why can’t you, Zoomer? Why can’t you?

I am not responsible for your student debt. I grew up in poverty in the mountians of NC. Ate from a garden, name was on community Angel tree for Christmas, bought clothes from yard sales & if I was lucky, on a rare occasion Sky City.

I joined the Air Force then went to college. I made it happen.

What a great response to the student debt crisis that is engulfing three generations of Americans! I agreed so much that I added my two cents.

I am not responsible for your student debt. I grew up in wealth, with large family homes in Minnesota and Florida. Ate Sunday brunches at the country club, name was on the donor list at the private academy, bought designer clothes, drove a Porsche in the summer and an Audi in the winter.

I was offered full scholarships from dozens of universities that I didn’t need because my parents were rich enough to pay full tuition to an elite liberal arts college with a beautiful campus and pretty sorority girls.

I made it happen without lifting a finger.

See, I didn’t need any student loans, so obviously neither does anyone else. And who cares if the younger generation can’t afford to buy homes or start families, we’ll just import more Colombians or Kenyans with the gumption and grit to do what those lazy, indebted, good-for-nothing Americans won’t.

DISCUSS ON SG

How Donald Trump Saved the World

The Russians understand that President Trump saved the world, although he failed to free Americans or save the United States from the globalists.

The first scenario, which I have already talked about, is calm and prosperous. It consists in overcoming the US monopoly. In order to do this in the financial sector, you need to abandon the dollar. In order to overcome the monopoly in the information and cognitive sphere, it is necessary to isolate our information space from the American one and switch to our own information technologies. Creating their own contours of the reproduction of the economy, but without the US dollar and the euro and relying on their information technologies for managing money, the countries of the new world economic order ensure high rates of economic development, while the Western world is collapsing. There they have a situation of collapse of financial pyramids, disorganization and a growing economic crisis, aggravated by growing inflation due to the uncontrolled issue of money over the past 12 years.

The second scenario of a possible development of events is similar to the one that Hitler wanted to realize during the period of the change of previous world economic structures. This is an attempt to create a world government with a superhuman ideology. If Hitler conceived the German nation as superhumans, then the current ideologists of world domination impose on humanity the transition to a post-humanoid state. In contrast to the post-humanism of the West, the core countries of the new world economic order are characterized by a socialist ideology, albeit with respect for private interests, protection of private property and the use of market mechanisms. In China, India, Japan, and Korea, socialist ideology dominates – or rather, a mixture of socialist ideology, national interests, and market competition. It is this mixture that forms a fundamentally new power-political elite, focused on economic development and the growth of the well-being of nations.

It is different for Western politicians, intellectuals and businessmen. What we see today is an attempt to form a certain image of a new world order with a world government at the head, where people are driven into an electronic concentration camp. You can see by the example of restrictions during the pandemic how it happened: all people are given tags, access to public goods is regulated through QR codes, everyone is forced to walk in formation. By the way, in the scenario of the Rockefeller Foundation back in 2009, the pandemic and, in fact, everything that happened in connection with it, was amazingly sorted into pieces – they actually predicted the future. This scenario was called Lock Step, that is, “Walk in formation”, and the Western world followed it. Sacrificing their own democratic values, they try to force people to obey commands. International organizations, including the World Health Organization, are used as a kind of stronghold for assembling a world government that would be subordinate to private capital.

But, I must say, Donald Trump greatly interfered with these plans, because he stopped the signing of agreements on Transatlantic and Trans-Pacific partnerships, where all countries participating in the agreements sacrificed national sovereignty in all disputes with big business. And you need to understand that today any transnational corporation can act as a foreign investor, including in the United States. According to these agreements, if there is foreign capital in the business, then in a dispute with the national government, some kind of international arbitration court is formed, it is not clear how and by whom it was drawn up. And these unelected judges, appointed, in fact, by big international business, these disputes are resolved. In fact, it was about the fact that the state was losing all sovereignty in regulating relations with big business. However, Trump stopped the agreement – the United States never signed it. Thus, the process of forming a world government was stopped. This is the second alternative, and it is now in crisis due to the collapse of the idea of globalization and the gradual abandonment of ‘pandemic’ restrictions.

It must be understood that the option of a world government is incompatible with sovereign Russia, with our independence and role in the world. Within the framework of the globalist scenario, the Russian Federation is viewed as a territory that is intended for exploitation by Western transnational corporations. The “indigenous population” must serve their interests. Under such a scenario, Russia disappears as an independent entity, just like China, by the way. The Western world government may incorporate some of our oligarchs into its version of the future, but only in second and third-rate roles.

The third scenario is catastrophic. The destruction of humanity.

The fact that socialism without the world democratic revolution is actually preferable to globalist capitalism and rule by international foreign-owned corporations – VASTLY preferable – is still almost impossible for most people on the Right to grasp. The satanic posthuman corporate evil of massive, immortal artificial persons, erected on a foundation of individualism, capitalism, and free trade, is simply beyond their ability to comprehend.

But, as it is said, woe to those who call evil good.

So we are fortunate that The Empire That Never Ended is failing again in its quest to build its Tower of Babel, and that the Great Bifurcation is now taking place. Whether Westerners can find a place for themselves in the economic order that is replacing the neo-liberal, rules-based NWO is not yet known, but what is certain is that they will not dominate it, much less rule over it, as they did over its predecessor and current rival.

DISCUSS ON SG

The Five Fronts of Imperial Collapse

A fascinating interview with Sergey Glazyev, who points out that events of the sort we are witnessing “only happen once a century”.

Among the Russian elite there are many opponents of an alliance with China. At least, before the special operation in Ukraine, it seemed to these people that American and Western culture is more understandable and closer to us than hieroglyphic Chinese wisdom, and that we will always find a common language with our “Western partners”.

– You know, back in 2015 I wrote the book The Last World War. The USA is Starting and Losing, which you mentioned at the beginning of the conversation – everything was thought out and justified there. The United States embarked on a worldwide hybrid war – started with the Orange Revolutions to disrupt regions of the world it did not control – in order to strengthen its position and weaken the position of geopolitical rivals. After the famous Munich speech of President Putin in February 2007, they realized that they had lost control over Yeltsin’s Russia, and this seriously worried them. In 2008, the financial crisis broke out and it became clear that the transition to a new technological order was beginning, and the old world economic order and the previous management system no longer ensured sustainable economic development. China was now leading the way. Well, then afterwards the logic of deploying of a world war happens, only not in the forms that existed 100 years ago, but on three conditional fronts – monetary-financial (where the United States still dominates the world), trade-economic (where they have already lost superiority to China) and information-cognitive (where the Americans also have technologies that are superior to ours). They use all three of these fronts in an attempt to keep the initiative and maintain the hegemony of their corporations.

Well and finally, the fourth front is the biological one, which opened with the advent of the coronavirus from the US-Chinese laboratory in Wuhan. Today we see that a whole network of biological laboratories existed in Ukraine. So the United States has long been preparing to open the biological front of the world war.

The fifth, and most obvious, front is, in fact, the front of combat fighting – as the last tool for forcing the states that they control into unquestioning obedience. Today, the situation on this front is also escalating. That is, active operations are underway on all five fronts of the world hybrid war, and the result can be predicted. The Americans will not be able to win, just as the British did not succeed in their time. Although Britain formally won World War II, they lost politically and economically. The British lost their entire empire, losing more than 90 percent of the territory and 95 percent of the population. Two years after World War II, where they were the winners, their empire collapsed like a house of cards, because the other two winners – the USSR and the USA – did not need this empire and viewed it as an anachronism. Also, the world will not need American transnational corporations, the American dollar, American monetary and financial technologies and financial pyramids. All this will be a thing of the past in the near future. Southeast Asia will become the obvious leader in world economic development, and a new world economic order will be formed before our very eyes.

God blessed America, and Americans threw away that blessing in favor of hedonism, sin, tolerance, and world domination. Now Americans are ruled by women and foreigners, and the world is passing it by, just as it has always forgotten the past hosts of The Empire That Never Ended.

DISCUSS ON SG

What Happened

If you want to know what happened to the USA and why it is not the same country that we children of the 1970s and 1980s knew, this graph of income distribution explains everything. Notice that this happened as Republicans were bravely fighting “socialism”. And if you still refuse to accept that identity trumps ideology, try to answer this question: what, precisely, is the ideology that represents “rule by foreign elite”?

DISCUSS ON SG