Monday, January 17, 2022

The Day of the Generals: Winning Armageddon

by Phil Butler, New Eastern Outlook:

In a room, somewhere deep inside the Pentagon generals and admirals met recently in order to prepare an assessment for the United States Senate Armed Services Committee. Present at the metering were General Mark Milley, the U.S. Army’s Chief of Staff, the Chief of Naval Operations Admiral John Richardson, the Commandant of the Marine Corps General Robert Neller, and U.S. Air Force Chief of Staff General David L. Goldfein. At such a meeting there’s no doubt that Marine Corps General Joseph Dunford attended seeing he’s the Chairman of the Joint Chiefs of Staff. The agenda for this meeting was serious as a heart attack – America’s most brilliant and powerful military men gathered that day to discuss Armageddon.

The minutes of this fateful meeting are top secret. Only a handful of people will ever know what was discussed. But the end result of the strategy session was revealed on September 15, 2017 before the people of the United States. The top generals of the most powerful nation on Earth advised congress that America could in fact win an all-out war with Russia and China. It must have been a scene right out of Director Stanley Kubrick’s classic Cold War film, Dr. Strangelove. I was not there, so I can only imagine the gathering of war hawks, the stoic expertise and military intellect, and the obtuse arrogance being conveyed across the congressional forum that day. The vision makes me wonder, “Who in the hell ordered such an assessment in the first place?” But I think we all know the answer.

General Milley expressed his only concern over World War III by citing the U.S. Army’s “lack of resources and training to execute America’s national security strategy without high military risk.” Admiral Richardson agreed with Milley, but his level of confidence in the U.S. Navy’s dominance seemed somehow higher. Milley told committee:

“I concur with Gen. Milley. If we get into one of those conflicts, we’ll win, but it going to take a lot longer than we’d like and it’s going to cost a lot more in terms of dollars and in casualties.”

Marine General Neller parroted these opinions, only with a typical “Jar Head” obtuseness and psychosomatic bravado proclaiming America’s current force array is “effective” against counterinsurgent forces around the world. I am assuming the General means the Taliban now resurgent in Afghanistan, Al-Qaeda that’s being supported in Syria, and the ultimate enemy ISIL, which Russia has all but destroyed on the ground. I’ll not get into the Marine mentality, they are my shipmates after all. As for the Air Force’s General David L. Goldfein, the former combat pilot’s assessment showed that flying an airplane does not qualify one to be a military bean counter. General Goldfein also concurred with the others but in an overcomplicated way, as if he were the accountant of the group. In short, the man shot down over Serbia when America destroyed Yugoslavia earned his pay September 15th by stating the plainly obvious – World War III is a high-risk endeavor. No shit General.

My fellow Earthlings, it’s abundantly clear that the United States military industrial complex now runs America. The meeting before the U.S. Senate was simply a formality. A psycho-thriller being played out before an audience asleep in the back row of the theater. With Russia’s Vladimir Putin pleading with every breath for discourse and sanity, and after Russia’s military machine has been forced into high alert, America’s top Generals have been put in charge. Let me cite the Army’s General Milley on his plea for more money and weapons in order to abate the “dire consequences” of this Armageddon:

“The butcher’s bill is paid in the blood of American soldiers for unready forces. We have a long history of that— Kasserine Pass, Guadalcanal, Okinawa, Tarawa, Task Force Smith in the Korean War. It goes all the way back to Bull Run—Lincoln thought he was going to fight a war for 90 days. Wars are often thought to be short when they begin—they’re not. They’re often thought to cost less than they end up costing and they end up with outcomes and take turns you never know. It’s a dangerous thing.”

Let me make something abundantly clear here. The “generals” did not prepare their assessments for a waiting U.S. Senate committee, for those same senators work in collusion with the military and the industrial complex, everyone knows this. This dog and pony show was orchestrated for one audience only – the idiots who believe our system works like it should – the American people. Look at the narrative. It’s all PR and propaganda dialogue, grade school fodder crafted to appease convenience store workers. A “dangerous thing”, indeed. Milley went on pandering for a brand new arms race, a brand new Cold War, in suggesting force build up and reequipping for major conflict. We’re right back to Ronald Reagan’s “Star Wars” initiative. For those of you who believe this is all saber rattling, this Defense Intelligence Agency report shows us the military industrialists and the U.S. President are aware of the ultimate outcome. Part of the report addresses Vladimir Putin’s “preparedness” in the event of Armageddon to the extent he is getting ready just in case. The fact of the matter is that the deep underground bunkers America’s defense industry cites as “Putin’s Armageddon protection” were built during Soviet times.

Read More @ Journal-NEO.org

Suddenly, “De-Dollarization” Is A Thing

0

by John Rubino, Dollar Collapse:

For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.

These were challenges to the dollar’s dominance, but they weren’t mortal threats.

What’s happening lately, however, is a lot more serious. It even has an ominous-sounding name: de-dollarization. Here’s an excerpt from a much longer article by “strategic risk consultant” F. William Engdahl:

 

Gold, Oil and De-Dollarization? Russia and China’s Extensive Gold Reserves, China Yuan Oil Market

(Global Research) – China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over world trade and finance. Wall Street and Washington are not amused, but they are powerless to stop it.

 

So long as Washington dirty tricks and Wall Street machinations were able to create a crisis such as they did in the Eurozone in 2010 through Greece, world trading surplus countries like China, Japan and then Russia, had no practical alternative but to buy more US Government debt—Treasury securities—with the bulk of their surplus trade dollars. Washington and Wall Street could print endless volumes of dollars backed by nothing more valuable than F-16s and Abrams tanks. China, Russia and other dollar bond holders in truth financed the US wars that were aimed at them, by buying US debt. Then they had few viable alternative options.

Viable Alternative Emerges
Now, ironically, two of the foreign economies that allowed the dollar an artificial life extension beyond 1989—Russia and China—are carefully unveiling that most feared alternative, a viable, gold-backed international currency and potentially, several similar currencies that can displace the unjust hegemonic role of the dollar today.

For several years both the Russian Federation and the Peoples’ Republic of China have been buying huge volumes of gold, largely to add to their central bank currency reserves which otherwise are typically in dollars or euro currencies. Until recently it was not clear quite why.

For several years it’s been known in gold markets that the largest buyers of physical gold were the central banks of China and of Russia. What was not so clear was how deep a strategy they had beyond simply creating trust in the currencies amid increasing economic sanctions and bellicose words of trade war out of Washington.

Now it’s clear why.

China and Russia, joined most likely by their major trading partner countries in the BRICS (Brazil, Russia, India, China, South Africa), as well as by their Eurasian partner countries of the Shanghai Cooperation Organization (SCO) are about to complete the working architecture of a new monetary alternative to a dollar world.

Currently, in addition to founding members China and Russia, the SCO full members include Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, and most recently India and Pakistan. This is a population of well over 3 billion people, some 42{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the entire world population, coming together in a coherent, planned, peaceful economic and political cooperation.

Gold-Backed Silk Road
It’s clear that the economic diplomacy of China, as of Russia and her Eurasian Economic Union group of countries, is very much about realization of advanced high-speed rail, ports, energy infrastructure weaving together a vast new market that, within less than a decade at present pace, will overshadow any economic potentials in the debt-bloated economically stagnant OECD countries of the EU and North America.

What until now was vitally needed, but not clear, was a strategy to get the nations of Eurasia free from the dollar and from their vulnerability to further US Treasury sanctions and financial warfare based on their dollar dependence. This is now about to happen.

At the September 5 annual BRICS Summit in Xiamen, China, Russian President Putin made a simple and very clear statement of the Russian view of the present economic world. He stated,

“Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies.”

To my knowledge he has never been so explicit about currencies. Put this in context of the latest financial architecture unveiled by Beijing, and it becomes clear the world is about to enjoy new degrees of economic freedom.

China Yuan Oil Futures
According to a report in the Japan Nikkei Asian Review, China is about to launch a crude oil futures contract denominated in Chinese yuan that will be convertible into gold. This, when coupled with other moves over the past two years by China to become a viable alternative to London and New York to Shanghai, becomes really interesting.

China is the world’s largest importer of oil, the vast majority of it still paid in US dollars. If the new Yuan oil futures contract gains wide acceptance, it could become the most important Asia-based crude oil benchmark, given that China is the world’s biggest oil importer. That would challenge the two Wall Street-dominated oil benchmark contracts in North Sea Brent and West Texas Intermediate oil futures that until now has given Wall Street huge hidden advantages.

That would be one more huge manipulation lever eliminated by China and its oil partners, including very specially Russia. Introduction of an oil futures contract traded in Shanghai in Yuan, which recently gained membership in the select IMF SDR group of currencies, oil futures especially when convertible into gold, could change the geopolitical balance of power dramatically away from the Atlantic world to Eurasia.

In April 2016 China made a major move to become the new center for gold exchange and the world center of gold trade, physical gold. China today is the world’s largest gold producer, far ahead of fellow BRICS member South Africa, with Russia number two.

Now to add the new oil futures contract traded in China in Yuan with the gold backing will lead to a dramatic shift by key OPEC members, even in the Middle East, to prefer gold-backed Yuan for their oil over inflated US dollars that carry a geopolitical risk as Qatar experienced following the Trump visit to Riyadh some months ago. Notably, Russian state oil giant, Rosneft just announced that Chinese state oil company, CEFC China Energy Company Ltd. Just bought a 14{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} share of Rosneft from Qatar. It’s all beginning to fit together into a very coherent strategy.

Meanwhile, in Latin America:

 

De-Dollarization Spikes – Venezuela Stops Accepting Dollars For Oil Payments

(Zero Hedge) – Did the doomsday clock on the petrodollar (and implicitly US hegemony) just tick one more minute closer to midnight?

 

Apparently confirming what President Maduro had warned following the recent US sanctions, The Wall Street Journal reports that Venezuela has officially stopped accepting US Dollars as payment for its crude oil exports.

As we previously noted, Venezuelan President Nicolas Maduro said last Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week. According to Reuters,

“Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar,” Maduro said in a multi-hour address to a new legislative “superbody.” He reportedly did not provide details of this new proposal.

Maduro hinted further that the South American country would look to using the yuan instead, among other currencies.

“If they pursue us with the dollar, we’ll use the Russian ruble, the yuan, yen, the Indian rupee, the euro,” Maduro also said.

The state oil company Petróleos de Venezuela SA, known as PdVSA, has told its private joint venture partners to open accounts in euros and to convert existing cash holdings into Europe’s main currency, said one project partner.

Read More @ DollarCollapse.com

Predicting the Future of the U.S. and the World

0

by Harry Dent, Market Oracle:

Predictability.
People.

Those are the two keystones of my research and forecasting successes: cycles and demographics.

It can all be traced back to the day I was studying several charts that I’d laid out on my desk. I’d been looking at the Dow Jones Industrial Average adjusted for inflation when I glanced up and spotted the Baby Boomer’s birth wave.

I was confused for a second. They looked identical.

So, I laid the one page on top of the other, moved the demographic chart to the right by about 45 years, and they were a match! I immediately knew why, as I had already studied Baby Boom demographics for several years and knew that they peaked in spending between age 45 and 49. I later found that the more exact peak and correlation was 46 years.

Definitely a Eureka! moment. I nearly fell off my chair.

That discovery has since become known as my Spending Wave! It’s allowed me to make eerily accurate long-term forecasts (although, by itself, it’s not a perfect tool – there is no such thing).

It was what enabled me to see that Japan was heading for trouble in the late 1980s when the rest of the world thought they were going to overtake the U.S. It was the reason I knew we’d have a roaring 2000s when everyone else was preaching doom and gloom after the tech wreck. And it’s what tells me that we’re headed toward trouble (and I’m not just talking about the looming market crash)…

The U.S. generational spending wave began to slow down after 2007, right on that 46-year lag. It continues this downward trend into around 2023 or so, with the worst coming by 2020. After that, there’s a longer-term rally into 2036 or 2037 for the first wave of the Millennials born into 1990, followed by a 7-year birth decline and hiatus, and then another rally into around 2056 or so, with the second wave of Millennials born into 2007…

But, here’s the thing: Stocks and the economy likely won’t exceed the highs we’re enjoying today – at least not adjusted for inflation. And there are several reasons for that.

Firstly, while the Millennial generation is larger in numbers, it’s spread thinner over time than the Baby Boom generation is. This gives the latter more economic punch than the former. It’s like the difference between gentle rolling waves and a tsunami.

Secondly, we’re plateauing as a nation. After 2056 our population will likely decline slowly for a long time. And this projection is optimistic. What lies ahead for Germany and Japan is much worse! I’m talking catastrophic and fatal, respectively.

Here’s what our future looks like for the rest of this century… a 93-year forecast. How many economists do you know can even remotely do that?

This chart already includes, on a 47- to 49-year lag, the next Millennial generation into around 2065 (using historical and present births and immigration data). This new generation looks to peak in spending a few years later than the Baby Boomers, which peaked at 46 (the Bob Hope generation peaked at age 44).

The present Spending Wave lag for Generation X, or the downward birth wave following the Baby Boom is 47.

Peak spending for the first wave of Millennials is 48. For the second wave up, it’s 49, and it’s 50 for the longer wave down, which is projected to bottom in births into 2023 due to worsening economic conditions. That creates the next great depression into around 2073, and possibly a bit later.

We update this chart regularly to account for actual births and immigration and for the economic outlook for future trends in both!

Hence, we can project further out than 47 years-plus with reasonable accuracy…

I predicted many years ago that the birth rates would peak near 2007, when the economy was at its best thanks to Baby Boomer spending. People tend to have fewer kids when the economy looks bad or questionable, and vice versa. For example, births and immigration declined sharply into 1933 on a nine-month lag (for pregnancy) after the worst stock downturn in U.S. history.

This trend of slowing births began again in 2008, after the Great Recession began.

Read More @ MarketOracle.co.uk

New York Times: Spike the food supply with sterilization chemicals to cause global infertility and depopulation

by Mike Adams, The Common Sense Show:

A November 4, 1969 New York Times feature article authored by Gladwin Hill called for sterilization chemicals to be added to the food supply in order to achieve globalist goals of human depopulation. That article, entitled “A Sterility Drug in Food is Hinted” came with the byline, “Biologist Stresses Need to Curb Population Growth.”

Until the New York Times memory holes the article, you can still find it in the NYT archives at this link, in fact. You can also see a partial photo of the NYT article below.

Most people living today — especially younger people — have no idea that a key agenda of globalism is the elimination of “undesirable” humans from the gene pool. They believe that ideas of “eugenics” and genocide were only carried out by the Nazis, not by American university professors and presidential science advisors. So they have no grasp of the context in which Planned Parenthood, for example, operates today as a depopulation engine to eliminate blacks from society. (Planned Parenthood’s founder, Margaret Sanger, was a black-hating eugenicist whose ideas directly inspired the genocidal goals of the Third Reich.)

The New York Times article, shown below, quotes Dr. Paul Ehrlich of Stanford University, a depopulation advocate, as well as President Richard Nixon’s chief science adviser, Dr. Lee DuBridge, who said that “population control should be the prime task of every government.” (Read PopulationControl.news for more headlines on this subject.)

Compulsory family regulation run by government

In the article, shown below, Dr. Ehrlich laments the fact that biologists believe, “compulsory family regulation will be necessary to retard population growth.” In essence, he is arguing that the government should be in charge of reproductive rights, determining who is allowed to reproduce and who must be sterilized.

To achieve the sterilization goals, he “urged establishing a Federal Population Commission ‘with a large budget for propaganda,’” reports the New York Times. He also called for, “the addition of a temporary sterilant to staple food, or to the water supply” in order to cause mandatory infertility.

Dr. Barry Commoner of Washington University in St. Louis added to the discussion:

Can we not invent a way to reduce our population growth rate to zero? Every human institution – school, university, church, family, government and international agencies such as Unesco – should set this as its prime task.

This agenda is already well under way

Most Americans have no awareness that this agenda is well under way. Flu shots, for example, are now scientifically confirmed to cause spontaneous abortions, a form of infertility and population control. This explains exactly why the CDC began pushing for flu shot vaccines during all three trimesters of gestation in expectant mothers.

Sperm viability is also plummeting across the modern world, according to dozens of published scientific studies. One such study — conducted by the Hebrew University of Jerusalem — found that sperm concentrations have plummeted more than 50 percentfrom 1973 to 2011. According to the abstract of this study as reported in Science Daily:

These findings strongly suggest a significant decline in male reproductive health that has serious implications beyond fertility and reproduction, given recent evidence linking poor semen quality with higher risk of hospitalization and death.

Covert vectors for depopulation that are being pursued right now

The depopulation goals from 1969 are in full force in America today. Some of the vectors for covert sterilization and depopulation now include:

If you do not know that mass sterilization efforts are underway right now to eliminate human fertility and drastically reduce the global population, then you are not yet well-versed on reality. Even Bill Gates openly talks about achieving the correct amount of population reduction by using vaccines and other vectors, saying:

The world today has 6.8 billion people… that’s headed up to about 9 billion. Now if we do a really great job on new vaccines, health care, reproductive health services, we could lower that by perhaps 10 or 15 percent.

For the sake of preserving the historical record, we are reprinting the NYT article here, knowing that they are very likely to attempt to memory hole this article in another swipe at Orwellian-style revisionist history.

A STERILITY DRUG IN FOOD IS HINTED

Biologist Stresses Need to Curb Population Growth

By GLADWIN HILL
Special to The New York Times

SAN FRANCISCO, Nov. 24 – A possibility that the government might have to put sterility drugs in reservoirs and in food shipped to foreign countries to limit human multiplication was envisioned today by a leading crusader on the population problem.

The crusader, Dr. Paul Ehrlich of Stanford University, among a number of commentators who called attention to the “population crisis” as the United States Commission for Unesco opened it 13th national conference here today.

Unesco is the United Nations Educational, Scientific and Cultural Organization. The 100-member commission, appointed by the Secretary of State, included representatives of Government, outside organizations, and the public. Some 500 conservationists and others are attending the two-day meeting at the St. Francis Hotel, devoted this year to environmental problems.

President Nixon’s chief science adviser, Dr. Lee DuBridge, brought up the population question in his keynote speech last night, calling the reduction of the earth’s population growth rate to zero “the first great challenge of our time.”

Godfrey a Speaker

His comments went beyond recent statements of President Nixon, who in a message to Congress stressed the provision of birth control information to underprivileged women.

But the Federal Government’s willingness to come to grips with population limitation was questioned by another speaker, Arthur Godfrey, radio-television star and a conservation campaigner.

“Dr. DuBridge rightly said that population control should be the prime task of every government,” he said. “But is there anyone here – anyone – who thinks that this Administration, or the next of the next, will act with the kind of force that’s necessary?”

Dr. Erlich, who is a biologist said:

“Our first move must be to convince all those we can that the planet Earth must be viewed as a spaceship of limited carrying capacity.”

“I think that 150 million people (50 million fewer that there are now) would be an optimum number to live comfortably in the United States.

‘Alternative to Armageddon’

Read More @ TheCommonSenseShow.com

Jumpstart your pancreas: New research shows how to reverse type-2 diabetes with a low calorie diet

0

by Frances Bloomfield, Natural News:

Type-2 diabetes has long been thought of as a progressive and incurable disease. Yet as new research shows, this preventable condition can be reversed with some major dietary changes. According to researchers from Newcastle University in the U.K., an eight-week diet consisting of 600 calories a day is the ticket to overturning type-2 diabetes.

This promising finding is the result of Professor Roy Taylor’s efforts. Taylor, who has spent nearly four decades studying type-2 diabetes. His colleagues stated that type-2 diabetes is caused by excess fat in the liver and pancreas. This added weight makes the two body organs perform their functions poorly. A liver with excessive fat will respond badly to insulin and produce too much glucose, and will simultaneously increase the export of fat to the body’s various tissues. Once the excess fat has been passed on to the pancreas, it causes insulin-producing cells to break down, then leading to type-1 diabetes.

However, the team found that removing little more than a gram of fat from the pancreas can resume proper insulin production, thus reversing the disease.

As Taylor explained to the DailyMail.co.uk: “Work in the lab has shown that the excess fat in the insulin producing cell causes loss of specialized function. The cells go into a survival mode, merely existing and not contributing to whole body well-being, but removal of the excess fat allows resumption of the specialized function of producing insulin.”

Such was the case for the researchers, who conducted their study on 11 people who developed type-2 diabetes later in life. These 11 people were placed on an extreme 600-calorie diet composed of non-starchy vegetables and liquid diet drinks for eight weeks.

The positive effects of the diet began to show just within a week of the diet, specifically, that insulin sensitivity fell by a significant margin and that blood sugar levels dropped and stabilized. Even more astonishing is that seven of the 11 patients were found to be free of diabetes, and remained diabetes-free after resuming their regular diets. (Related: Type 2 diabetes diet: What to eat, what to avoid and how to get healthier with every meal.)

“The good news for people with type-2 diabetes is that our work shows that even if you have had the condition for 10 years, you are likely to be able to reverse it by moving that all important tiny amount of fat out of the pancreas. At present, this can only be done through substantial weight loss,” said Taylor. “I think the real importance of this work is for the patients themselves.”

The Newcastle Diet

Taylor’s diet program has since become known as the Newcastle Diet. As was previously mentioned, the diet involved subsisting almost entirely on liquid diet drinks (in this case, liquid meal replacement formula from OPTIFAST ), and three portions of non-starchy vegetables like broccolicucumber, mushrooms, and zucchiniAccording to EveryDiet.org, the dieters were allowed to season their vegetables with herbs and spices but were not permitted to use salt. Foods like poultry, eggs, fish, starchy vegetables, legumes, and dairy products are strictly forbidden in the Newcastle Diet.

In addition to helping the participants recover from type-2 diabetes, the other benefits of this diet ranged from improvements in blood glucose control to better well-being and weight loss. However, since the Newcastle Diet heavily limits your food choices, those undergoing this diet can experience nutrient deficiencies. The participants also reported feeling dizziness, hunger, and fatigue during the start of the program, though these sensations ebbed several days after.

As such, anyone who plans on attempting the Newcastle Diet should only do so under medical supervision.

Read More @ NaturalNews.com

An Economic Lesson for China and Russia

0

by Paul Craig Roberts, Paul Craig Roberts:

Is there anyone in Trump’s government who is not an imbecile?

After years of endless military threats against Russia—remember CIA deputy director Mike Morell saying on TV (Charlie Rose show) that the US should start killing Russians to give them a message, and Army Chief of Staff Mark Milley threatening “We’ll beat you harder than you have ever been beaten before”—now the US Treasury Secretary Steven Mnuchin threatens China. If China doesn’t abide by Washington’s new sanctions on North Korea, Mnuchin said the US “will put additional sanctions on them [China] and prevent them from accessing the US and international dollar system.”
https://www.rt.com/usa/403118-usa-china-sanctions-north-korea/

Here is the broke US government $20 trillion in public debt, having to print money with which to buy its own bonds, threatening the second largest economy in the world, an economy on purchasing power parity terms that is larger than the US economy.

Take a moment to think about Mnuchin’s threat to China. How many US firms are located in China? It is not only Apple and Nike. Would sanctions on China mean that the US firms could not sell their Chinese made products in the US or anywhere outside China? Do you think the global US corporations would stand for this?

What if China responded by nationalizing all US factories and all Western owned banks in China and Hong Kong?

Mnuchin is like the imbecile Nikki Haley. He doesn’t know who he is threatening.

Consider Mnuchin’s threat to exclude China from the international dollar system. Nothing could do more harm to the US and more good to China. A huge amount of economic transactions would simply exit the dollar system, reducing its scope and importance. Most importantly, it would finally dawn on the Chinese and Russian governments that being a part of the dollar system is a massive liability with no benefits. Russia and China should years ago have created their own system. Being part of Washington’s system simply lets Washington make threats and impose sanctions.

The reason Russia and China are blind to this is that they foolishly sent students to the US to study economics. These students returned completely brainwashed with neoliberal economics, “junk economics” in Michael Hudson’s term. This American economics makes Russian and Chinese economists de facto American stooges. They support policies that serve Washington instead of their own countries.

Read More @ PaulCraigroberts.org

Solutions: Stop Using YouTube

0

from CorbettReport:

Dealing with Democrats? Protecting ‘Dreamers’? Here in Arizona that’s just fine with these Trump supporters

0

by Michael Finnegan and Mark Z. Barabak, LA Times:

Donald Trump’s tough talk on illegal immigration was a big part of the reason Dave Hagstrom and many others in this booming Phoenix suburb supported him for president. “Walls make good neighbors,” Hagstrom said.

So when the president moved this week to cut a deal — with Democrats no less — to block the expulsion of 800,000 immigrants brought to the U.S. illegally as children, was Hagstrom disappointed?

ADVERTISING

Not at all.

“If you were to deport them, where would they go?” Hagstrom, 60, a car-warranty manager, asked on his way to a Bible-study dinner at an upscale shopping mall. “To send them across the border would be inhumane almost. There’s no life for them there.”

Read More @ LATimes.com

Spain Cracks Down on Catalan Independence Movement

0

by Elizabeth Vos, Disobedient Media:

Over the last few weeks, the Catalan independence movement has provoked escalating and severe reactions from Spanish authorities. Reuters reports that The Constitutional Court has suspended the referendum after a legal challenge by Prime Minister Mariano Rajoy and that police have since searched newspaper offices and printers for signs of any preparation for the referendum, even going so far as to scour the area for ballot boxes in an attempt to quell the upcoming vote.

Assange and Wikileaks have both commented numerous times over the last few days on massive public support for the Catalan independence movement, as well as blatant attempts by the Spanish government to suppress a successful vote in favor of independence. The effects of the independence movement on Spain’s membership in the EU remains to be seen. At the time of publication, EU member states appear remarkably quiet on the matter. That a member of the European Union could brazenly restrict the operation of free press and treat its citizens in such an authoritarian manner without consequence is deeply troubling.

The BBC reported that Spain’s public prosecutor had summoned more than 700 Catalan mayors to appear for questioning over their support for a banned independence referendum. Despite these increasing attempts to suppress the vote, one million protestors recently took to the streets of Barcelona in support of Catalan independence.

Meanwhile, Wikileaks founder Julian Assange has repeatedly expressed his stance on the Catalonian independence via Twitter, questioning the Spanish government for its suppression of the media and its attempts to prevent the referendum taking place.

The Catalan independence movement is not only significant domestically for Spain, but also for implications it may have on the European Union. It was compared by a University of Geneva study to the Scottish independence referendum.

Wikileaks Tweeted that the Spanish state had claimed it would overpower Catalonia’s government by seizing control of its finances in attempt to stop vote. Further, Wikileaks remarked that the Spanish Ministry of the Interior had bragged about military police having seized “how to vote” posters. The latest escalations in Spain’s suppression of the independence movement come as the University of Geneva published a study on “Catalonia’s legitimate right to decide.” The summary of the document states in part that:

“These efforts build upon Catalonia’s previous attempts to consolidate representative governance for Catalan citizens within and conjointly with the Spanish democratic state. Four internationally recognized experts were invited by the Government of Catalonia to examine the controversy generated by the call for a self-determination referendum. This has been convened in the face of the opposition of the Spanish authorities which contest its legality, unlike the recent examples of the trend towards the recognition of self-determination, of which the most salient is that of Scotland’s referendum on independence…”

Read More @ DisobedientMedia.com

Keiser Report: ‘Big Data’ Leaks (E1124)

from RT:

Max interviews James Howard Kunstler of Kunstler.com about the hot mess of US climate change policy and infrastructure spend.

Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely?

by Michael Snyder, The Economic Collapse Blog:

Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar.  Most Americans don’t even know what the petrodollar is, but for those of you that do understand what I am talking about, this should send a chill up your spine.  The petrodollar is one of the key pillars of the global financial system, and it allows us to live a far higher standard of living than we actually deserve.  The dominance of the petrodollar has been very jealously guarded by our government in the past, and that is why many are now concerned that this move by Venezuela could potentially lead us to war.

I don’t know why this isn’t headline news all over the country, but it should be.  One of the few major media outlets that is reporting on this is the Wall Street Journal

The government of this oil-rich but struggling country, looking for ways to circumvent U.S. sanctions, is telling oil traders that it will no longer receive or send payments in dollars, people familiar with the new policy have told The Wall Street Journal.

Before we go any further, we should discuss what we mean by the “petrodollar” for those that are not familiar with the concept.  The following comes from an excellent article by Christopher Doran

In a nutshell, any country that wants to purchase oil from an oil producing country has to do so in U.S. dollars. This is a long standing agreement within all oil exporting nations, aka OPEC, the Organization of Petroleum Exporting Countries. The UK for example, cannot simply buy oil from Saudi Arabia by exchanging British pounds. Instead, the UK must exchange its pounds for U.S. dollars. The major exception at present is, of course, Iran.

This means that every country in the world that imports oil—which is the vast majority of the world’s nations—has to have immense quantities of dollars in reserve.

As will be explained below, the fact that virtually everyone around the world has to use our currency to buy oil is a massive advantage for us.  Venezuela knows this, and so in response to new sanctions being imposed upon them, they are hitting us where it hurts

Oil traders who export Venezuelan crude or import oil products into the country have begun converting their invoices to euros.

The state oil company Petróleos de Venezuela SA, known as PdVSA, has told its private joint venture partners to open accounts in euros and to convert existing cash holdings into Europe’s main currency, said one project partner.

The new payment policy hasn’t been publicly announced, but Vice President Tareck El Aissami, who has been blacklisted by the U.S., said Friday, “To fight against the economic blockade there will be a basket of currencies to liberate us from the dollar.”

If more nations start to follow suit, it would be absolutely disastrous for the United States.

In other articles, I have detailed why the petrodollar is so incredibly important to our economy and our financial system.  The following is an extended excerpt from one of those previous articles

So why is the petrodollar so important?

Well, it creates a tremendous amount of demand for the U.S. dollar all over the globe.  Since everyone has needed it to trade with one another, that has created an endless global appetite for the currency.  That has kept the value of the dollar artificially high, and it has enabled us to import trillions of dollars of super cheap products from other countries.  If other nations stopped using the dollar to trade with one another, the value of the dollar would plummet dramatically and we would have to pay much, much more for the trinkets that we buy at the dollar store and Wal-Mart.

In addition, since the U.S. dollar is essentially the de facto global currency, this has also increased demand for our debt.  Major exporting nations such as China and Saudi Arabia end up with giant piles of our dollars.  Instead of just letting them sit there and do nothing, those nations often reinvest their dollars into securities that can rapidly be changed back into dollars if needed.  One of the most popular ways to do this has been to invest those dollars in U.S. Treasuries.  This has driven down interest rates on U.S. debt over the years and has enabled the U.S. government to borrow trillions upon trillions of dollars for next to nothing.

But if the rest of the world starts moving away from the U.S. dollar, all of this could change.

History has shown that when the status of the petrodollar is threatened, the U.S. is swift to take action.

And it is very interesting to note that President Trump will be meeting with Latin American leaders next week, and the main topic for discussion will be “the Venezuela crisis”

U.S. President Donald Trump has invited three Latin American leaders to dine with him next week in New York as he seeks to address the Venezuela crisis and build bridges with the region after an acrimonious start with neighbor Mexico.

The political and economic turmoil in Venezuela, source of 10 percent of the oil consumed by the United States, will almost certainly top the agenda when he receives the center-right presidents of Peru, Colombia and Brazil at Trump Tower on Monday evening, diplomats said.

Could this latest move by Venezuela be enough to potentially spark a military conflict?

The guys over at Zero Hedge seem to think so…

Having threatened China today with exclusion from SWIFT, we suspect Washington is rapidly running out of any great ally to sustain the petrodollar-driven hegemony (and implicitly its war machine). Cue the calls for a Venezuelan invasion in 3…2..1…!

It would be absolutely no surprise at all if John McCain and Lindsey Graham start appearing on the major news networks calling for war with Venezuela, but hopefully President Trump will not listen to such nonsense.

Read More @ TheEconomiccollapseBlog.com