The war is won but it is not over – nor will it be for some time. The Fat Lady hasn’t sung. The special article My special article for coffee buyers is getting longer and longer – it looks like it's now TWO articles, not one. I will send both at the same time. Soon….yeah.. I know I keep on saying that….
"No American university offers a course in common sense."
And that's why you see all the nonsensical things the US is doing in the world--like backing a proxy war in Ukraine against Russia, and aiding and abetting genocide with Israel in Gaza. If any American leader had ever learned common sense, these conflicts would have never come about in the first place!
... it is an absolutely uncalculated circumstance on the part of the West ... they have no choice but to either look into their conscience (which I think they will not do), or pretend that they are right until Europe falls apart (I hope not by wiping out Europe with a nuclear war)
If the U.S. debt is indeed 95% externally financed that is not an ominous portent so long as the debt is denominated in U.S. dollars. When future debt can only be incurred by borrowing in a foreign currency, then that is the proverbial excrement colliding with the fan.
The U.S. has lost a material economy and for reasons to do with enhancing billionaire revenue streams replaced it with one of financialization. This is America's Achilles' heel.
The oligarchs are feted by both parties. And there is no difference in the slavish devotion to these billionaires among Trump and his acolytes , never Trump Republicans and Democrats who are office holders.
You are absolutely right. If the debt is denominated in US dollars and there is a global Crash the dollar will likely be devalued, so foreign investors will lose relative to their own currencies. For this reason , many countries are now dumping US treasuries. Since the US relies upon borrowing to get by. A global crash will force it to borrow in foreign currencies-- buying foreign treasuries-- but it won't be able to do that. (I guess....!!! Correct me if I am wrong, which is often !!!) You're exactly right that financial buys Asian is America's Achilles' Heel therefore.
The American economy is based on American Dollar Imperialism (aka, the "US Dollar World Reserve Currency" status) in which the USA lives beyond its means and effectively buys products from other nations in exchange for worthless debt (in the form of US Treasury bonds) that the USA will never fully repay.
This last issue is the dirty secret that most people avoid addressing, even in the self-styled alternative media.
When the USA "borrows" money from China or other nations, it's actually a form of imperial tribute that the USA extracts from them. It's not a "debt," if you never intend to pay it back. Michael Hudson exposed decades ago how this US Dollar system works:
Super Imperialism: The Economic Strategy of American Empire
This is why the process of DeDollarization (like with the BRICS+ nations) causes such a panic in America, as it represents a major shift in which other nations start to decouple from this system and do not use the US Dollar as the medium of exchange for economic trade or buy so-called US debt. As Hudson says, it represents the end of America's decades-long economic free lunch.
Or, as Vladimir Putin bluntly stated, the United States is a parasite on the global economy.
Cassandra told me that last decennia China has been selling goods to the US and earned a lot of Dollars and Dollar Bonds. The secret deal was that they bought Gold for part of that amount and paid in dollars. So China owns a lot of gold now (as do Russia & India)
There was a HUGE warehouse in the US containing GOLD. Some years ago China bought that warehouse, but nobody asked where all that gold had gone.
Dealing in Gold in the West is done with "Paper gold", a paper that says you own real gold. There was a quiet advice around, that if you wanted Gold as security, you should not buy the Paper gold, but instead gold bars, Bullion and hide it somewhere safe...
Recently China has been selling low amounts of bonds and is buying assets (Harbours etc.) with the Dollars it got in countries all over the world also in the US and its Vassals.
When the US-China war (Economical) starts seriously China may be dumping its Bonds forcing the US to declare those invalid so everyone owning Bonds knows it has to get rid of them ASAP.
Just thinking... 🤔
Then there is Fort Knox... After WW II European vassals (like the Netherlands) placed most of their Gold reserves there. Last years they are asking to get their gold back...
The last news about the Dutch Gold reserves is that a bit more than 30% was returned to the cellars below the Central Bank at Frederiksplein in Amsterdam, but that has now been moved to a Guarded Dutch Fort Knox.
On the other hand, all the gold from Libya, Iraq, is all back in the USA…probably…although no person seems to know what happened to the gold in NYC on 9/11
Excellent analysis here.
Going slow in this war with NATO as Julian observes may well serve Russia's interests. Never interrupt your enemy when he is making a mistake.
Napoleon Bonaparte
"No American university offers a course in common sense."
And that's why you see all the nonsensical things the US is doing in the world--like backing a proxy war in Ukraine against Russia, and aiding and abetting genocide with Israel in Gaza. If any American leader had ever learned common sense, these conflicts would have never come about in the first place!
Nice analogy about the bullfrog in the swamp.
Russia goes slow as the Empire kills itself with its stupidity.
The military is supposed to be a country’s protector but instead has sold the western countries down the river for profit.
Corruption is the flip side of this war coin seldom spoken about but just as effective as bombs. It does kill people without mercy for profit however.
Thanks for the article!
https://sputnikglobe.com/20240313/avangard-hypersonic-glide-vehicle-putin-credits-with-nullifying-us-missile-defenses-1117300348.html
... it is an absolutely uncalculated circumstance on the part of the West ... they have no choice but to either look into their conscience (which I think they will not do), or pretend that they are right until Europe falls apart (I hope not by wiping out Europe with a nuclear war)
If the U.S. debt is indeed 95% externally financed that is not an ominous portent so long as the debt is denominated in U.S. dollars. When future debt can only be incurred by borrowing in a foreign currency, then that is the proverbial excrement colliding with the fan.
The U.S. has lost a material economy and for reasons to do with enhancing billionaire revenue streams replaced it with one of financialization. This is America's Achilles' heel.
The oligarchs are feted by both parties. And there is no difference in the slavish devotion to these billionaires among Trump and his acolytes , never Trump Republicans and Democrats who are office holders.
You are absolutely right. If the debt is denominated in US dollars and there is a global Crash the dollar will likely be devalued, so foreign investors will lose relative to their own currencies. For this reason , many countries are now dumping US treasuries. Since the US relies upon borrowing to get by. A global crash will force it to borrow in foreign currencies-- buying foreign treasuries-- but it won't be able to do that. (I guess....!!! Correct me if I am wrong, which is often !!!) You're exactly right that financial buys Asian is America's Achilles' Heel therefore.
The American economy is based on American Dollar Imperialism (aka, the "US Dollar World Reserve Currency" status) in which the USA lives beyond its means and effectively buys products from other nations in exchange for worthless debt (in the form of US Treasury bonds) that the USA will never fully repay.
This last issue is the dirty secret that most people avoid addressing, even in the self-styled alternative media.
When the USA "borrows" money from China or other nations, it's actually a form of imperial tribute that the USA extracts from them. It's not a "debt," if you never intend to pay it back. Michael Hudson exposed decades ago how this US Dollar system works:
Super Imperialism: The Economic Strategy of American Empire
https://michael-hudson.com/books/super-imperialism-the-economic-strategy-of-american-empire/
This is why the process of DeDollarization (like with the BRICS+ nations) causes such a panic in America, as it represents a major shift in which other nations start to decouple from this system and do not use the US Dollar as the medium of exchange for economic trade or buy so-called US debt. As Hudson says, it represents the end of America's decades-long economic free lunch.
Or, as Vladimir Putin bluntly stated, the United States is a parasite on the global economy.
Putin says U.S. is "parasite" on global economy
https://www.reuters.com/article/us-russia-putin-usa/putin-says-u-s-is-parasite-on-global-economy-idUSTRE77052R20110801
DeDollarization is the process where the American parasite can no longer suck the financial blood of the world.
Yes. absolutely Right...
Cassandra told me that last decennia China has been selling goods to the US and earned a lot of Dollars and Dollar Bonds. The secret deal was that they bought Gold for part of that amount and paid in dollars. So China owns a lot of gold now (as do Russia & India)
There was a HUGE warehouse in the US containing GOLD. Some years ago China bought that warehouse, but nobody asked where all that gold had gone.
Dealing in Gold in the West is done with "Paper gold", a paper that says you own real gold. There was a quiet advice around, that if you wanted Gold as security, you should not buy the Paper gold, but instead gold bars, Bullion and hide it somewhere safe...
Recently China has been selling low amounts of bonds and is buying assets (Harbours etc.) with the Dollars it got in countries all over the world also in the US and its Vassals.
When the US-China war (Economical) starts seriously China may be dumping its Bonds forcing the US to declare those invalid so everyone owning Bonds knows it has to get rid of them ASAP.
Just thinking... 🤔
Then there is Fort Knox... After WW II European vassals (like the Netherlands) placed most of their Gold reserves there. Last years they are asking to get their gold back...
The last news about the Dutch Gold reserves is that a bit more than 30% was returned to the cellars below the Central Bank at Frederiksplein in Amsterdam, but that has now been moved to a Guarded Dutch Fort Knox.
->https://www.dnb.nl/en/about-us/organisation/gold/
Still 30% remains in Fort Knox, without explanation why.
Cassandra estimates an 85% probability it is in China...
Sander
On the other hand, all the gold from Libya, Iraq, is all back in the USA…probably…although no person seems to know what happened to the gold in NYC on 9/11