Follow by Email

Friday, May 17, 2019

Different Angles

Seeing the Forest,

​ ​There is a lot happening in the world all at once right now. The entire planet is rapidly reconfiguring itself. The world is begging for a new, post-capitalist, post-industrial order to be born, but the overabundance of natural resources that have made previous such revolutions possible (coal for the age of steam, oil for the current oil age) simply no longer exist. All that remains is optimizations, enhancements and reconfigurations of the existing order of things, cutting out that which is most harmful and most dysfunctional. To this end, Western European nations are attempting to reclaim the sovereignty they ceded to the United States and the European Union while Eurasia is coming together to form a massive economic and security conglomerate centered on China and Russia. Both are playing for time, because redirecting trade and financial flows away from the US is quite a process.
​ ​The world’s central banks are doing their best to get rid of their US dollar reserves and to buy gold, which, as of this April, they are allowed to consider a risk-free financial asset. Many people now expect gold to go up as a result, but that expectation is based on an illusion. Think of gold as a lighthouse and of fiat currencies as sinking ships: those aboard them may look around and decide that the lighthouse is going up, but that’s just an optical illusion. The purchasing power of fiat currencies is sure to fall (some more than others). The purchasing power of gold will seem to increase, but that will also be an illusion: it will appear to rise against the backdrop of crashing markets, in real estate and physical plant especially. But overall the purchasing power of gold will drop too, because the future purchasing power of any financial asset is determined by just one thing: energy, fossil fuel energy in particular, and energy from crude oil above all. Without energy, nothing within an economy moves, unless it is an agrarian economy based on fodder and animal muscle power.  


​ ​With Trump shutting down Huawei and China's entire telecom industry, it was only logical that China would at least try to retaliate, which it has done by formally breaching the US embargo on Iran oil exports. According to ship tracking data on Refinitiv Eikon (i.e. the old Reuters terminal), a tanker carrying Iranian fuel oil in violation of U.S. sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan.
​ ​A representative of the oil storage terminal confirmed that the tanker, Marshal Z, discharged nearly 130,000 tonnes of Iranian fuel oil; that marked the end of an odyssey for the cargo that began four months ago.
​ ​As Reuters reported on March 20, some Iranian fuel oil had managed to evade the United States’ sanctions on petroleum exports "by using ship-to-ship transfers involving four different ships, including the Marshal Z, and by using forged documents that masked the cargoes as originating from Iraq."
 ​Amusingly, a second representative from the terminal operator, Zhoushan Jinrun Petroleum Transfer Co, said the cargo could not be Iranian oil, "as the terminal had not received official shipments from Iran in at least the past four years. Both Jinrun representatives declined to be identified because of the sensitivity of the matter." 


​ ​In the latest provocation against Tehran by the US, two Navy destroyers have entered the Persian Gulf as the American military continues to add to its assets in the region to head off any planned 'aggression', USNI reports.
​ ​The USS McFaul and USS Gonzalez traveled through the Strait of Hormuz Thursday afternoon without being challenged by IRGC forces in the are. They join the USS Abraham Lincoln, which is stationed in the Gulf of Oman, as well as a strike force that includes several B-52 bombers, as the US continues to build up its military presence in the region. Another Aircraft Carrier, the USS Kearsarge, is anchored off the coast of the UAE. 

 
​The Saker gives this tidbit:
​ Diplomatic sources – from Russia and Iran – confirm, off the record, there have been secret talks among the three pillars of Eurasian integration – Russia, China and Iran – about Chinese and Russian guarantees in the event the Trump administration’s drive to strangle Tehran to death takes an ominous turn.
 This is being discussed at the highest levels in Moscow and Beijing. The bottom line: Russia-China won’t allow Iran to be destroyed.
http://thesaker.is/what-putin-and-pompeo-did-not-talk-about/  

So if you poll ALL likely voters, Bernie Sanders is still in the ​Democratic ​lead. Does this remind you of last time, with Joe playing Hillary? 
CNN rigged a poll to censor out nearly everyone under 45 years of age. Based on this nonsensical false sampling they claim Biden is now in the lead.

​The actual, deep crimes, including the murder of leaker Seth Rich, and certainly deep state criminality, are already being investigated. The heat is on this crowd.​ The rats are scattering.
A dispute has erupted over whether former FBI Director James Comey or his CIA counterpart, John Brennan, promoted the unverified Steele dossier as the Obama-era intelligence community targeted the Trump campaign.  

No comments:

Post a Comment