Observing Trends,
Michael Hudson did another interview 5/19/22, and I'm picking out some high points.
..The current war is dividing the world into two parts. There’s going to be a US dollar area of the US, Europe and its satellites. And there’ll be a multipolarity; there’ll be a group of Russia, China together and basically they will be making their proposal of a different way of organising the world economic affairs to Africa, Latin America and other Asian countries. And other Asian countries, Latin America and the global south will see that it can get a better deal with Russia and China than it can get with the United States... ..This integration of Europe into the United States sphere is like the new Berlin Wall. It’s isolated the US from the whole rest of the world. So instead of a victory for the United States it’s self-isolated itself because US strategists have realised that they’re losing the economic war with China, Russia and the whole group of emerging nations. All they can try to do is hold on to Europe as their one source of income to exploit from Europe what it can no longer get from any other country...
..The important thing about Russian oil being sold to India is that they’re sold in roubles, they’re no longer in dollars. The entire oil trade is now de-dollarised. It will be in roubles, in Chinese Yuan and in other currencies. But the dollar will be left out. Everyone thought it would take 10 years for Russia, China and other countries to break away. Yet the United States itself has broken away from the other countries by grabbing the foreign exchange reserves of Afghanistan, Venezuela and now Russia. Nobody is going to trust to transact oil, trade and invest in dollars anymore...
..Well, the crisis is going to come this summer. Now that you have oil and food prices and shipping rates go way up, you’re going to have Latin America, Africa and much of Asia have tremendous balance-of-payment deficit. These balance-of-trade deficits for oil, food and shipping are going to go hand-in-hand with huge foreign debts denominated in dollars for foreign bond holders and foreign banks.
At this point, Russia, China and their allies can say, “We can create parallel institutions in the world. We can create our International Monetary Fund to give you credit. We can create our own World Bank to promote actual, positive developments and not dependency on the United States exporters. So the US policy has driven other countries into the Eurasian orbit of China, Russia, Iran will be joining, India will be along, Indonesia. All these countries now will have something that they never had before; they have their own critical mass. They can deal with each other and be self-sufficient. They don’t need the dollar anymore...
..You’re going to find the rest of the world rushing away from the dollar area, leaving only Europe as part of the United States economy at great sacrifice of its own living standards...At this point, Russia, China and their allies can say, “We can create parallel institutions in the world. We can create our International Monetary Fund to give you credit. We can create our own World Bank to promote actual, positive developments and not dependency on the United States exporters. So the US policy has driven other countries into the Eurasian orbit of China, Russia, Iran will be joining, India will be along, Indonesia. All these countries now will have something that they never had before; they have their own critical mass. They can deal with each other and be self-sufficient. They don’t need the dollar anymore...
..Western unity is a one way unity. Western unity is the United States telling other countries, “Do what we tell you to.” If other countries don’t do what America tells it to, they’re treated like the enemy. Like Hungary has been treated as an enemy. There’s talk of how to punish Hungary. The Americans have no idea how to offer something to attract other countries to it...
..Q:Looking to a time after the war. What do you think the relationship between the US and Russia, or the EU and Russia look like?
MH: Permanently hostile for 20 years until Europe collapses and until the United States goes into a long depression. There is no rapprochement. There will be no settlement because the United States industrial economy can only make military arms. (I'm personally hopeful for Western financial-capitalist-regime-change.) ...
..Not anything to raise the living standards. The people who are in charge of US policy think that way, they’ve been thinking that way for 20 years. MH: Permanently hostile for 20 years until Europe collapses and until the United States goes into a long depression. There is no rapprochement. There will be no settlement because the United States industrial economy can only make military arms. (I'm personally hopeful for Western financial-capitalist-regime-change.) ...
I’ve worked with these people before and they really are willing to blow up the world if they can’t turn the other world into dependencies.
https://thesaker.is/michael-hudson-interview-with-rt-transcript/
Five Warning Signs The End of Dollar Hegemony is Near, Here's what happens next... (excerpted)
..Today it’s clear why China and Russia have had an insatiable demand for gold.They’ve been waiting for the right moment to pull the rug from beneath the US dollar. And now is that moment…
This is a big problem for the US government, which reaps an unfathomable amount of power because the US dollar is the world’s premier reserve currency...
1) Russian President Putin said the US had defaulted on its obligations and that the dollar is no longer a reliable currency.
The incident has eroded trust in the US dollar as the global reserve currency and catalyzed significant countries to use alternatives in trade and their reserves.
China, India, Iran, and Turkey, among other countries, announced, or already are, doing business with Russia in their local currencies instead of the US dollar. These countries represent a market of over three billion people that no longer need to use the US dollar to trade with one another...
The incident has eroded trust in the US dollar as the global reserve currency and catalyzed significant countries to use alternatives in trade and their reserves.
China, India, Iran, and Turkey, among other countries, announced, or already are, doing business with Russia in their local currencies instead of the US dollar. These countries represent a market of over three billion people that no longer need to use the US dollar to trade with one another...
2) Rubles , Gold and Bitcoin for Gas, Oil and Commodities: Russia is the world’s largest exporter of natural gas, lumber, wheat, fertilizer, and palladium (a crucial component in cars). It is the second-largest exporter of oil and aluminum and the third-largest exporter of nickel and coal.
Russia is a major producer and processor of uranium for nuclear power plants... The head of the Russian Parliament recently called the US dollar a “candy wrapper” but not the candy itself. In other words, the dollar has the outward appearance of money but is not real money... This is a big reason why the ruble has recovered all of the value it lost in the initial days of the Ukraine invasion and then made further gains...US dollars are no longer needed (or wanted) to buy Russian commodities.
Russia is a major producer and processor of uranium for nuclear power plants... The head of the Russian Parliament recently called the US dollar a “candy wrapper” but not the candy itself. In other words, the dollar has the outward appearance of money but is not real money... This is a big reason why the ruble has recovered all of the value it lost in the initial days of the Ukraine invasion and then made further gains...US dollars are no longer needed (or wanted) to buy Russian commodities.
3) The Petrodollar system flirts with collapse...Oil is by far the largest and most strategic commodity market.
For the last 50 years, virtually anyone who wanted to import oil needed US dollars to pay for it.
That’s because, in the early ’70s, the US made an agreement to protect Saudi Arabia in exchange for ensuring, among other things, all OPEC producers only accept US dollars for their oil...
For nearly 50 years, the Saudis had always insisted anyone wanting their oil would need to pay with US dollars, upholding their end of the petrodollar system.
But that could all change soon…
Remember, China is already the world’s largest oil importer. Moreover, the amount of oil it imports continues to grow as it fuels an economy of over 1.4 billion people (more than 4x larger than the US).
China is Saudi Arabia’s top customer. Beijing buys over 25% of Saudi oil exports and wants to buy more.
The Chinese would rather not have to use the US dollar, the currency of their adversary, to buy an essential commodity...
Saudi Arabia—the linchpin of the petrodollar system—is flirting in the open with China about selling its oil in yuan. One way or another—and probably soon—the Chinese will find a way to compel the Saudis to accept the yuan...For the last 50 years, virtually anyone who wanted to import oil needed US dollars to pay for it.
That’s because, in the early ’70s, the US made an agreement to protect Saudi Arabia in exchange for ensuring, among other things, all OPEC producers only accept US dollars for their oil...
For nearly 50 years, the Saudis had always insisted anyone wanting their oil would need to pay with US dollars, upholding their end of the petrodollar system.
But that could all change soon…
Remember, China is already the world’s largest oil importer. Moreover, the amount of oil it imports continues to grow as it fuels an economy of over 1.4 billion people (more than 4x larger than the US).
China is Saudi Arabia’s top customer. Beijing buys over 25% of Saudi oil exports and wants to buy more.
The Chinese would rather not have to use the US dollar, the currency of their adversary, to buy an essential commodity...
..Sometime soon, there will be a lot of extra dollars floating around suddenly looking for a home now that they are not needed to purchase oil.
4) Out of Control Money Printing and Record Price Increases: .. In March of 2020, the chair of the Federal Reserve, Jerome Powell, exercised unfathomable power…
At the time, it was the height of the stock market crash amid the COVID hysteria. People were panicking as they watched the market plummet, and they turned to the Fed to do something.
In a matter of days, the Fed created more dollars out of thin air than it had for the US’s nearly 250-year existence...
..At the push of a button, the Fed was creating more dollars out of thin air than the economic output of the entire country.
The Fed’s actions during the Covid hysteria—which are ongoing—amounted to the biggest monetary explosion that has ever occurred in the US...
The truth is that inflation is out of control, and nothing can stop it...At the time, it was the height of the stock market crash amid the COVID hysteria. People were panicking as they watched the market plummet, and they turned to the Fed to do something.
In a matter of days, the Fed created more dollars out of thin air than it had for the US’s nearly 250-year existence...
..At the push of a button, the Fed was creating more dollars out of thin air than the economic output of the entire country.
The Fed’s actions during the Covid hysteria—which are ongoing—amounted to the biggest monetary explosion that has ever occurred in the US...
5) Fed Chair admits Dollar Supremacy is Dead: “It’s possible to have more than one reserve currency.”
These are the recent words of Jerome Powell, the Chairman of the Federal Reserve.
These are the recent words of Jerome Powell, the Chairman of the Federal Reserve.
https://internationalman.com/articles/five-warning-signs-the-end-of-dollar-hegemony-is-near-heres-what-happens-next/
Pepe Escobar: Russia Rewrites the Art of Hybrid War
The ironclad fictional “narrative” imposed all across NATOstan is that Ukraine is “winning”.So why would weapons peddler retrofitted as Pentagon head Lloyd “Raytheon” Austin literally beg since late February to have his phone calls answered by Russian Defense Minister Shoigu, only to have his wish finally granted?
It’s now confirmed by one of my top intel sources. The call was a direct consequence of panic. The United States Government (USG) by all means wants to scotch the detailed Russian investigation – and accumulation of evidence – on the US bioweapon labs in Ukraine...
..Shoigu knows exactly which way the wind is blowing on the ground – for Ukrainian Armed Forces and UkroNazis alike. It’s not only the Azovstal debacle – and Kiev’s all-around army breakdown.
After the fall of Popasnaya – the crucial, most fortified Ukrainian stronghold in Donbass – the Russians and Donetsk/Luhansk forces have breached defenses along four different vectors to north, northwest, west and south. What’s left of the Ukrainian front is crumbling – fast, with a massive cauldron subdivided in a maze of mini-cauldrons: a military disaster the USG cannot possibly spin.
Now, in parallel, we can also expect full exposure – on overdrive – of the Pentagon bioweapons racket. The only “offer you can’t refuse” left to the USG would be to present something tangible to the Russians to avoid a full investigation.
That’s not gonna happen. Moscow is fully aware that going public with illegal work on banned biological weapons is an existential threat to the US Deep State. Especially when documents seized by the Russians show that Big Pharma – via Pfizer, Moderna, Merck and Gilead – was involved in several “experiments”. Fully exposing the whole maze, from the start, was one of Putin’s stated objectives...
After the fall of Popasnaya – the crucial, most fortified Ukrainian stronghold in Donbass – the Russians and Donetsk/Luhansk forces have breached defenses along four different vectors to north, northwest, west and south. What’s left of the Ukrainian front is crumbling – fast, with a massive cauldron subdivided in a maze of mini-cauldrons: a military disaster the USG cannot possibly spin.
Now, in parallel, we can also expect full exposure – on overdrive – of the Pentagon bioweapons racket. The only “offer you can’t refuse” left to the USG would be to present something tangible to the Russians to avoid a full investigation.
That’s not gonna happen. Moscow is fully aware that going public with illegal work on banned biological weapons is an existential threat to the US Deep State. Especially when documents seized by the Russians show that Big Pharma – via Pfizer, Moderna, Merck and Gilead – was involved in several “experiments”. Fully exposing the whole maze, from the start, was one of Putin’s stated objectives...
..Beyond the disinformation fog veiling the application of Finland and Sweden – call them the Dumb and Dumber Nordics – to join NATO, what really matters is another instance of declaration of war: the prospect of missiles with nuclear warheads stationed really close to Russian borders. Moscow already warned the Finns and Swedes, politely, that this would be dealt with it via “military-technical measures”. That’s exactly what Washington – and NATO minions – were told would happen before the start of Operation Z...
..NATO member Turkey, meanwhile, plays a deft game, issuing its own list of demands before even considering the Nordics’ gamble. Ankara wants no more sanctions on its purchase of S-400s and on top if be re-included in the F-35 program.....By now it’s evidently clear that open-ended Operation Z targets unipolar Hegemon power, the infinite expansion of vassalized NATO, and the world’s financial architecture – an intertwined combo that largely transcends the Ukraine battleground...
..Hybrid War is being fought predominantly in the economic/financial battleground – and the pain dial for the collective West will only go up: inflation, higher commodity prices, breakdown of supply chains, exploding cost of living, impoverishment of the middle classes, and unfortunately for great swathes of the Global South, outright poverty and starvation...
..Because of Russia’s infinite natural resources, the Kremlin may have factored that the nation would eventually survive the financial Shock’n Awe – and even profit from it (ruble appreciation included). The reward is just too sweet: opening the way to The Doomed Dollar.....Hybrid War is being fought predominantly in the economic/financial battleground – and the pain dial for the collective West will only go up: inflation, higher commodity prices, breakdown of supply chains, exploding cost of living, impoverishment of the middle classes, and unfortunately for great swathes of the Global South, outright poverty and starvation...
..This in fact is the key Hybrid War battleground where the collective West is being checkmated. One of the next key steps will be an expanded BRICS coordinating their dollar-bypassing strategy...
..The Russian General Staff will be adjusting their tactics for the major follow-up in Donbass – as the best Russian analysts and war correspondents incessantly debate. They will have to face an inescapable problem: as much as the Russian methodically grind down the – disaggregated – Ukrainian Army in Donbass, a new NATO army is being trained and weaponized in western Ukraine...
..Moscow runs the risk of encountering, in a few months, a mobile and better weaponized incarnation of the demoralized army it is now destroying. And this is exactly what the Americans mean by “weakening” Russia...https://thesaker.is/russia-rewrites-the-art-of-hybrid-war/
Ukraine War Update from The Saker blog includes this. (And "The Grind" continues.)
The size of the Russian Aid to liberated areas is massive. The Donbass Aid Train arrived in Ilovaisk. It was formed on the initiative of the All-Russian People’s Front and Russian Railways. It departed from Moscow, consisted of 68 wagons, of which 27 were intended for the LPR, and 41 for the liberated territories of the DPR. This is more than 2,400 tons of humanitarian cargo: food, personal hygiene products, medicines, flour, stationery, building materials and equipment, generators.https://thesaker.is/sitrep-operation-z-yes-it-is-the-grind/
Moon of Alabama (German): ..In total the social-economic situation for Ukraine is catastrophic. The military situation is even worse.
Mariupol has fallen and Russian troops working there will soon be able to go elsewhere. The Propasna bulge is threatening to envelope the whole northern frontline together with the core of the Ukrainian army.
There is no more talk of the Ukrainian army 'winning' like in Kiev or Karkov where the Russian troops retreated in good order after finishing their task of holding Ukrainian forces in place.
The Ukrainian command has sent several territorial brigades to the front lines. These units were supposed to defend their home towns.
There is no more talk of the Ukrainian army 'winning' like in Kiev or Karkov where the Russian troops retreated in good order after finishing their task of holding Ukrainian forces in place.
The Ukrainian command has sent several territorial brigades to the front lines. These units were supposed to defend their home towns.
They consist of middle age men drafted into service...
..That the Ukrainian army is now using such units as cannon fodder shows that it has only few reserves left...https://www.moonofalabama.org/2022/05/ukraine-sitrep-russians-break-through-us-bolsterism.html#more
“It is important that in the conditions, for example, of a global famine that will occur closer to autumn, by the end of this year all over the world, Russia should not suffer, but be fully provided with food,” Oreshkin said... [I have had a rumor reported to me that Russian troops are taking grain from silos in Ukraine. If true, where is it going? What is the Russian plan for the grain? Is it going to Donetsk and Luhansk? Crimea? Russia?]
“In fact, what America is trying to do with Ukraine now is to take out the grain reserves that Ukraine currently has in its possession – just another action that dooms Ukraine to serious humanitarian problems, but also dooms the global community to having big problems with hunger,” he warned.
Event 201 was hosted in October 2019—just two months before the coronavirus was first revealed in Wuhan—by the Gates Foundation, the World Economic Forum, Bloomberg, and Johns Hopkins. As with the Event 201, the participants at the Monkeypox simulation have thus far been stone silent as to their having participated in a pandemic simulation the facts of which happened to come true in real life just months later.
One person who was present at both Event 201 and the Monkeypox simulation is George Fu Gao, director of the Chinese Center for Disease Control. At event 201, Gao specifically raised the point of countering “misinformation” during a “hypothetical” coronavirus pandemic.
“In fact, what America is trying to do with Ukraine now is to take out the grain reserves that Ukraine currently has in its possession – just another action that dooms Ukraine to serious humanitarian problems, but also dooms the global community to having big problems with hunger,” he warned.
..Italian League party leader Matteo Salvini has warned that if the war in Ukraine is not brought to a conclusion by the end of this month, chronic food shortages will cause an immigration wave that will lead to 20 million African migrants trying to enter Europe.
https://summit.news/2022/05/20/top-putin-aide-predicts-global-famine-by-the-end-of-this-year/
Not again...
..Elite media outlets around the world are on red alert over the world’s first-ever global outbreak of Monkeypox in mid-May 2022—just one year after an international biosecurity conference in Munich held a simulation of a “global pandemic involving an unusual strain of Monkeypox” beginning in mid-May 2022...
..Epidemiologists Jennifer Nuzzo and Bill Hanage are on the scene—but still no word from them as to whether they see anything strange about the first-ever global Monkeypox outbreak occurring in mid-May 2022, a year after they acted as advisers on an international biosecurity simulation of a global Monkeypox outbreak occurring in mid-May 2022...The US Government is hot on the scene with an order of 13 million Monkeypox vaccine doses from Bavarian Nordic.
The WHO is on the scene...
The global Monkeypox outbreak—occurring on the exact timeline predicted by a biosecurity simulation of a global Monkeypox outbreak a year prior—bears a striking resemblance to the outbreak of COVID-19 just months after Event 201, a simulation of a coronavirus pandemic almost exactly like COVID-19.The WHO is on the scene...
Event 201 was hosted in October 2019—just two months before the coronavirus was first revealed in Wuhan—by the Gates Foundation, the World Economic Forum, Bloomberg, and Johns Hopkins. As with the Event 201, the participants at the Monkeypox simulation have thus far been stone silent as to their having participated in a pandemic simulation the facts of which happened to come true in real life just months later.
One person who was present at both Event 201 and the Monkeypox simulation is George Fu Gao, director of the Chinese Center for Disease Control. At event 201, Gao specifically raised the point of countering “misinformation” during a “hypothetical” coronavirus pandemic.
https://brownstone.org/articles/monkeypox-was-a-table-top-simulation-only-last-year/
36 page summary of that March 2021 NTI & Munich biosecurity conference is here:(Some inspiration from the introduction)
Although national and global leaders are appropriately focused on the immediate demands of the COVID-19 response, the international community cannot postpone implementing the steps necessary to protect against future biological threats. This must include the recognition that while naturally emerging pandemics continue to pose a significant threat, the next global catastrophe could be caused by the deliberate misuse of the tools of modern biology or by a laboratory accident. Fundamentally, strengthening the preparedness of every nation to meet these challenges is a humanitarian imperative in the collective self-interest of the international community.
https://www.nti.org/wp-content/uploads/2021/11/NTI_Paper_BIO-TTX_Final.pdf
Robert Malone MD has some context. This is the mild strain of monkeypox virus, which kills 1% of infected people reported in Africa, where not much gets reported, It's not the worse 10% case-fatality strain from Congo, where, again,milder infections go unreported. It does not spread easily, mainly to people butchering infected animals for meat, and men who have sex with infected men. (And Smallpox vaccines made of variola virus cause lots of cases of milder smallpox and many other significant vaccine side effects, which he details well.) Thanks Willem.
"In my opinion, based on currently available information, Monkeypox is a virus and disease which is endemic in Africa, emerges sporadically after transmission into humans from animal hosts, and is typically spread by close human contact. It is readily controlled by classical public health measures. It does not have a high mortality rate. Unless there has been some genetic alteration, either through evolution or intentional genetic manipulation, it is not a significant biothreat, and has never been considered a high threat pathogen in the past."https://rwmalonemd.substack.com/p/monkey-pox?s=r
On the brighter side...Monkeypox Fears May Rescue Endangered Corporations
Regardless of how the monkeypox situation plays out, two companies are already cashing in. As concern over monkeypox has risen, so too have the shares of Emergent Biosolutions and SIGA Technologies. Both companies essentially have monopolies in the US market, and other markets as well, on smallpox vaccines and treatments. Their main smallpox-focused products are, conveniently, also used to protect against or treat monkeypox as well. As a result, the shares of Emergent Biosolutions climbed 12% on Thursday, while those of SIGA soared 17.1%.
For these companies, the monkeypox fears are a godsend, specifically for SIGA, which produces a smallpox treatment, known by its brand name TPOXX. It is SIGA’s only product.
Regardless of how the monkeypox situation plays out, two companies are already cashing in. As concern over monkeypox has risen, so too have the shares of Emergent Biosolutions and SIGA Technologies. Both companies essentially have monopolies in the US market, and other markets as well, on smallpox vaccines and treatments. Their main smallpox-focused products are, conveniently, also used to protect against or treat monkeypox as well. As a result, the shares of Emergent Biosolutions climbed 12% on Thursday, while those of SIGA soared 17.1%.
For these companies, the monkeypox fears are a godsend, specifically for SIGA, which produces a smallpox treatment, known by its brand name TPOXX. It is SIGA’s only product.
https://unlimitedhangout.com/2022/05/investigative-reports/monkeypox-fears-may-rescue-endangered-corporations/
This is the same story we keep seeing. The immune system responds specifically to the first form of a virus or vaccine that it sees, then repeats the learned response the next time it sees a closely related virus. If the immune system only sees COVID spike-protein from January 2020, which has now mutated to other forms, it will not respond effectively to new strains of COVID. Those who caught any form of COVID, and have immune-response to the whole virus, still have effective immune responses against new strains, because most of the virus remains the same.
The most powerful evidence yet that mRNA vaccines hurt long-term immunity to Covid after infectionhttps://alexberenson.substack.com/p/urgent-the-most-powerful-evidence?s=r
A Midwestern Doctor uses the baby formula shortage to discuss the benefits of breast-feeding for baby, mother and society, and the cynical commercial attacks upon this perfect-formula-solution by profit-driven manufacturers. This is well detailed. (I was, and our children were breastfed and fed healthful food.) Thnks TDK.
“Mendelsohn told me that during his appointment as Medical Director of Project Head Start’s Medical Consultation Service in 1968, he was horrified by the discussions held privately in the White House with his medical colleagues. They were openly discussing how they could control the population of the poor by promoting infant formula, vaccinations, sadistic hospital birthing practices, deficient government schools, and neighborhood abortion clinics. This was just too much of an assault on his strong Jewish faith and his Hippocratic oath.” ... "The Nestle milk scandal is an excellent example of a sick and twisted PR campaign that injured and harmed millions. Briefly, Nestle did everything they could to convince mothers in the third world eager to adopt a more “civilized“ form of Western life to abandon breast-feeding and switch to (trendy) infant formula. This included paying off each nation’s medical establishment, conducting aggressive door-to-door sales with free samples to get the mother’s hooked, having sales reps impersonate nurses, convincing mothers the formula was essential for their well-being, creating a nocebo effect against breast-feeding, intentionally withholding necessary information about formula products from others, and failing to disclose the costs of formula (which often greatly exceeded what mothers could afford)."
https://amidwesterndoctor.substack.com/p/why-you-should-support-bidens-baby?s=r
Well Nourished
(pictured with upstairs now completed except for the trim-work)
Awesome work on all fronts! - kimo
ReplyDeleteThanks Kimo!
Delete:-)