Formally Introduced,
The $US is the wealth extraction mechanism of the western financial empire, remitting full value to the US, when accepting "printed money" which decreases in value over time as a result. The $US was redeemable at #20 per oz of gold in 1932, and the current rate of exchange is 2356:1. The seigniorage on that currency creation has long paid for the military enforcement arm of the empire, now in decline. When a country prints the global reserve currency, the market value of that currency tends to make the goods produced by that country too expensive and less competitive, weakening the industry of that country, which reduces the real wealth of the country, the Triffin Paradox or Dilemma.
If the US steps down to being another nation in the community of nations, there will be this vast, unserviceable debt in a currency declining in trade value, which will need to be paid in goods and services. Most of it will need to be "written down" severely after a wave of defaults in the financial system make much of it disappear. Something on the order of a 9% loss of current notional value is to be expected. If social order is to be sustained, most of this loss will need to be accepted by the most wealthy, not just the top 10%.
I am hopeful that my country will be able to re-enter the world of nations as a good citizen, which the American people have generally thought they were...
Pepe Escobar introduces "The Unit": De-Dollarization Bombshell: The Coming of BRICS+ Decentralized Monetary Ecosystem
The Unit is a concept that has already been discussed by the financial services and investments working group set up by the BRICS+ Business Council and has a serious shot at becoming official BRICS+ policy as early as in 2025.According to Alexey Subbotin, founder of Arkhangelsk Capital Management and one of the Unit’s conceptualizers, this is a new problem-solving system that addresses the key geoeconomic issue of these troubled times: a global crisis of trust...
..Subbotin leads the Unit project under the auspices of IRIAS, an international intergovernmental organization set up in 1976 in accordance with the UN statute (International Research Institute for Management Problems https://mniipu.org/
..The Unit proposes a reliable, quick and economically efficient solution for cross-border payments. The - transactional - Unit is a game-changer as a new form of international currency that can be issued in a de-centralized way, and then recognized and regulated at national level.
The Unit offers a unique solution for bottlenecks in global financial infrastructure: it is eligible for traditional banking operations as well as for the newest forms of digital banking. The Unit can also help to upend unfair pricing in commodity trading, by means of setting up a new – fair and efficient – Eurasian Mercantile Exchange where trading and settlement can be done in a new currency bridging trade flows and capital, thus paving the way to the development of new financial products for foreign direct investment (FDI).The strength of the Unit, conceptually, is to remove direct dependency on the currency of other nations, and to offer especially to the Global Majority a new form of apolitical money - with huge potential for anchoring fair trade and investments. It is indeed a new concept in terms of an international currency - anchored in gold (40%) and BRICS+ currencies (60%). It is neither crypto nor stablecoin – as it’s shown here. https://unitfoundation.
..The inevitable consequence translates as financial sovereignty. What matters in the whole process are independent monetary policies focused on economic growth. That’s the key appeal for the Global Majority: a full ecosystem offering independent, complementary monetary infrastructure. And that surely can be extended to willing Unit partners in the collective West...
..The Unit ecosystem may be easily scalable because it comes from a fractal architecture supported by simple rules. New Unit nodes can be set up by either sovereign or private agents, following a detailed rule-book in custody of the UN-chartered IRIAS.The Unit organizers employ a distributed ledger: a technology that ensures transparency, precluding capital controls or any exchange rate manipulation.
This means that connection is available to all open DEX and digital platforms operated by both commercial and Central Banks around the world.
The endgame is that everyone, essentially, may use the Unit for accounting, bookkeeping, pricing, settling, paying, saving and investing.
No wonder the institutional possibilities are quite enticing – as the Unit can be used for accounting and settlement for BRICS+; payment and pricing for the Eurasian Economic Union (EAEU); or as a reserve currency for Sub-Saharan Africa...
..The Unit has already received backing by the BRICS Business Council and is on the agenda at the crucial ministerial meeting in Russia next month, which will work out the road map for the summit next October in Kazan. That means the Unit has all it takes to be on the table as a serious subject discussed by BRICS+ and eventually be adopted as early as in 2025...
..As it stands, the major takeaway is that the Unit should be seen as a feasible, technical solution for the theoretically Unsolvable: a globally-recognized payment/trade system, immune to political pressure.....Vasily Zhabykin, co-author of the Unit white paper and founder of CFA.Center, Unit’s technological partner at Skolkovo Innovation Hub in Moscow... is keen to point out that “the Unit can keep all the wheels turning unlike most of the other concepts that feature ‘dollar killers’, etc. We do not want to harm anybody. Our goal is to improve efficiency of currently broken capital and money flows. The Unit is rather the ‘cure for centralized cancer’’’...
..Sergey Glazyev, "The New Development Bank (NDB) and BRICS+ shall embrace the concept of Unit and help it to become the pinnacle of the new emerging global financial infrastructure, free from malign political interferences while focused instead on fair trade and sustainable economic growth.” https:/sputnikglobe.com/20240513/de-
“You’ve got to look at history. In 2008 and 2009, everyone talks about the crisis, but bank failures started showing up in 2007.
I suspect as we roll through time in the real economy and the money supply issues start to hit the economy, we will see more bank failures and more businesses shut down.
46% of small businesses are having problems paying their rent. There is going to come a time in the next 6 to 12 months this huge shock that we saw in the 2008 financial crisis, and the 2000 bubble where massive layoffs start to happen–it’s inevitable. This is what happens when you crank up interest rates from 0% to 5.5%. There is a lag in the real economy, and it’s hitting right now. It’s only going to intensify as time goes on...
..Dowd also thinks that the CV19 bioweapon shot pushers are trying to change the narrative to admit “some deaths” happened, but the amount is small. Dowd calls BS on that, and he thinks the death and injuries are at least 33 million in the USA alone.
According to Dowd’s research, the CV19 vax was a criminal enterprise that murdered and seriously harmed millions. Dowd thinks the deaths and injuries from the CV19 vax are going to get worse. Dowd thinks Johns Hopkins and the rest of the medical community are trying to change the narrative, so they don’t get blamed for pushing a massive death and disability CV19 vax program. https://www.zerohedge.com/markets/theres-lag-real-economy-and-its-hitting-now-ed-dowd-warns-huge-credit-crisis-coming
I suspect as we roll through time in the real economy and the money supply issues start to hit the economy, we will see more bank failures and more businesses shut down.
46% of small businesses are having problems paying their rent. There is going to come a time in the next 6 to 12 months this huge shock that we saw in the 2008 financial crisis, and the 2000 bubble where massive layoffs start to happen–it’s inevitable. This is what happens when you crank up interest rates from 0% to 5.5%. There is a lag in the real economy, and it’s hitting right now. It’s only going to intensify as time goes on...
..Dowd also thinks that the CV19 bioweapon shot pushers are trying to change the narrative to admit “some deaths” happened, but the amount is small. Dowd calls BS on that, and he thinks the death and injuries are at least 33 million in the USA alone.
According to Dowd’s research, the CV19 vax was a criminal enterprise that murdered and seriously harmed millions. Dowd thinks the deaths and injuries from the CV19 vax are going to get worse. Dowd thinks Johns Hopkins and the rest of the medical community are trying to change the narrative, so they don’t get blamed for pushing a massive death and disability CV19 vax program. https://www.zerohedge.com/markets/theres-lag-real-economy-and-its-hitting-now-ed-dowd-warns-huge-credit-crisis-coming
Thanks Eleni. Next Up, Realism! By Karen Kwiatkowski
Realism requires we recognize that the ruling classes and the US government have no durable community and no internal integrity. The state is a pirate gang writ large. It is unified by criminal circumstance, functions by fear and tribute, and is surrounded by enemies who would see it stripped, drawn and quartered at first opportunity. It’s almost enough to make one pity the state, and mourn the ruling classes!
Realism reminds us that desperate, declining states don’t fix themselves. They quickly become dangerous to innocent bystanders, enemies, and its own citizens – and these three categories become indistinguishable just as quickly. It’s happening right now in Ukraine, in Israel, and ready or not, in the United States. https://www.lewrockwell.com/2024/05/karen-kwiatkowski/next-up-realism/
Realism reminds us that desperate, declining states don’t fix themselves. They quickly become dangerous to innocent bystanders, enemies, and its own citizens – and these three categories become indistinguishable just as quickly. It’s happening right now in Ukraine, in Israel, and ready or not, in the United States. https://www.lewrockwell.com/2024/05/karen-kwiatkowski/next-up-realism/
Russia's Rosgeo uncovered oil and gas reserves in British Antarctic territory, estimated at around 511 billion barrels.
The discovery poses environmental risks and challenges the 1959 Antarctic Treaty, which prohibits oil developments in the region.
Geopolitical tensions rise as Russia's activities in Antarctica are viewed as a move towards resource extraction rather than scientific research, sparking concerns among international observers.
The reserves uncovered contain around 511bn barrels worth of oil, equating to around 10 times the North Sea’s output over the last 50 years. https://oilprice.com/Energy/Crude-Oil/Russia-Discovers-Massive-Oil-and-Gas-Reserves-in-British-Antarctic-Territory.html The discovery poses environmental risks and challenges the 1959 Antarctic Treaty, which prohibits oil developments in the region.
Geopolitical tensions rise as Russia's activities in Antarctica are viewed as a move towards resource extraction rather than scientific research, sparking concerns among international observers.
Israeli soldiers reportedly used three Palestinian children as human shields during violent raids in Tulkarm, West Bank, earlier this month, according to a Defense for Children International (DCI) report. The children were forced to walk in front of occupation forces as they raided the alleyways of the Nur Shams refugee camp and the homes of Palestinians in its vicinity. https://english.almayadeen.net/news/politics/iof-used-palestinian-children-as-human-shields-in-west-bank
The Israeli army has intensified its renewed assault on Jabalia refugee camp and the Zeitoun area in northern Gaza as resistance factions regroup there, months after the Israeli army said it had "defeated Hamas" in the north.
Israel kills 130 Palestinians, wounds 241 since Friday, May 10, across Gaza, raising the death toll since October 7 to 35,034 and the number of wounded to 78,755, according to the Gaza health ministry.
The U.S. ambassador to Tel Aviv says that U.S. assistance to Israel will not be interrupted and that nothing strategic has changed in the U.S.-Israel relationship.
Netanyahu says that Israelis are “determined to achieve absolute victory.”
Israel’s war minister says that war will continue until “dismantling Hamas.” https://mondoweiss.net/2024/05/operation-al-aqsa-flood-day-220-resistance-returns-to-the-north-unrwa-says-300000-people-fled-rafah/
The U.S. ambassador to Tel Aviv says that U.S. assistance to Israel will not be interrupted and that nothing strategic has changed in the U.S.-Israel relationship.
Netanyahu says that Israelis are “determined to achieve absolute victory.”
Israel’s war minister says that war will continue until “dismantling Hamas.” https://mondoweiss.net/2024/05/operation-al-aqsa-flood-day-220-resistance-returns-to-the-north-unrwa-says-300000-people-fled-rafah/
The announcement from the Egyptian Ministry of Foreign Affairs came nearly a week after Israel seized the Gaza side of the Rafah border crossing with Egypt and the day after the Israel Defense Forces issued new evacuation orders for Rafah and the north of Gaza. It also comes as the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) said that around 300,000 people had fled Rafah in the last week and the death toll reported by the Gaza Health Ministry surpassed 35,000. https://scheerpost.com/2024/05/12/as-gaza-assault-intensifies-egypt-joins-icj-case-accusing-israel-of-genocide/
"As far as I know, Columbia University has the only Centre for Palestine Studies in the entire country. However, the history and politics of the Middle East are much studied and taught. I am not aware of any direct Israeli influence in that academic field. But the ideological balance in the courses offered and research conducted would, I think, reflect in general the prevalent American attitude towards Israel." ...
.."I was not present in New York during the recent events. But I have followed them closely in the media as well as in email conversations with faculty and former students. I think the way accusations of antisemitism have been flung at the protesters is utterly absurd. My own sense is that during the first stage of demonstrations, various abusive epithets were shouted from both sides. As soon as some Jewish students complained of antisemitism and a lack of security, the protest organisers became extremely careful not to provide any opportunity for the charge of antisemitism to be levelled against them. Even when repeatedly provoked by pro-Israel agitators, the protesting students did not react. In the end, sections of the media and politicians began to equate antisemitism with any opposition to Israel's policies. This is a travesty." https://www.tehrantimes.com/news/498395/Israel-is-a-European-settler-colony
Russian Ambassador Vassily Nebenzia told the council that the Israeli announcement on May 6 that it was starting its military operation in Gaza’s southern city of Rafah, where 1.2 million Palestinians had sought safety, ratcheted up the spiral of escalation in the region “another notch further.”
“There’s no doubt that this will have an impact on the situation in Yemen’s surrounding waters,” he said, noting the Houthis’ opposition to Israeli attacks that harm Palestinian civilians. But, Nebenzia added, “We call for a swift cessation of the shelling of commercial vessels and any other actions that hamper maritime navigation.”
He sharply criticized the United States and its Western allies, saying their “totally unjustified aggressive strikes” in Yemen violate the UN Charter. https://www.arabnews.com/node/2509716/middle-east
“There’s no doubt that this will have an impact on the situation in Yemen’s surrounding waters,” he said, noting the Houthis’ opposition to Israeli attacks that harm Palestinian civilians. But, Nebenzia added, “We call for a swift cessation of the shelling of commercial vessels and any other actions that hamper maritime navigation.”
He sharply criticized the United States and its Western allies, saying their “totally unjustified aggressive strikes” in Yemen violate the UN Charter. https://www.arabnews.com/node/2509716/middle-east
An Iranian lawmaker recently claimed that the Islamic Republic of Iran has obtained nuclear weapons. The lawmaker’s claim follows threats by Iranian officials that the country has the capacity to make a nuclear bomb and could choose to make nuclear weapons if its nuclear facilities were attacked...
..Fox News reported that Ahmad Bakhshayesh Ardestani, who was re-elected in March to Iran’s parliament, told Rouydad 24, an Iranian-based news outlet, on Friday that Iran had “achieved nuclear weapons.” “In my opinion, we have achieved nuclear weapons, but we do not announce it,” Ardestani reportedly said. “It means our policy is to possess nuclear bombs, but our declared policy is currently within the framework of the JCPOA.” https://americanmilitarynews.com/2024/05/iran-allegedly-has-nuclear-bombs-iranian-lawmaker-claims-report/ As Russian troops continue to push south from the Belgorod area (Kharkiv front), Ritter notes that the situation exposes a broader vulnerability within the Ukrainian defense strategy. "The Ukrainians are now in a panic, pulling forces from critical fronts elsewhere," Ritter explained. This reallocation of troops to the north leaves other strategic areas, such as Kherson and Odessa, potentially exposed to new Russian attacks. https://sputnikglobe.com/20240514/scott-ritter-the-russians-advance-and-ukrainians-cant-stop-them-1118418504.html
NATO is showing a lack of capability to combat the jamming of GPS navigation signal in the Baltic Sea region, said retired Polish General Waldemar Skrzypczak, a former commander of the country’s Land Forces. "The worst thing about it is that so far we are powerless. We don't know at this time what to do," he said.
He said he believes Russia is involved in the suppression of the GPS signal over the Baltic Sea to "test the alliance's reaction." Skrzypczak did not provide any evidence to support this theory. https://tass.com/world/1787201
He said he believes Russia is involved in the suppression of the GPS signal over the Baltic Sea to "test the alliance's reaction." Skrzypczak did not provide any evidence to support this theory. https://tass.com/world/1787201
An economist and experienced government minister will address changes pertaining to the growth of the Russian military budget from 3% to 6.5% of GDP, get rid of corruption and facilitate rapid weapons development. Proposed Russian defense minister outlines his priorities , Andrey Belousov highlighted the need to reduce red tape and improve the welfare of military personnel https://www.rt.com/russia/597511-belousov-priority-military-welfare/
How Impolite! Indian Foreign Minister said US dominance in the world is over
"Russia, never one to shy away from a fair competition, is ready for exactly that as it offers itself to Africa, first of all, as a major guarantor of stability and security while extending its traditional and newly generated competencies, sometimes unique," said Bogdanov, who also serves as Russia’s special presidential representative for the Middle East and African countries. "Judging from the response from our African partners, in the Sahara-Sahel region, for one, and across the continent, too, there is a growing demand for the assistance being provided by our country," he added. https://tass.com/politics/1787267
Matt Taibbi, Justin Trudeau Creates Blueprint for Dystopia in Horrific Speech Bill [Attn: Bibi Netanyahu, Life Sentence for Advocating Genocide.]
Life sentences for speech? Pre-crime detention? Ex post facto law? Anonymous accusers? It's all in Justin Trudeau's "Online Harms Bill," a true "threat to democracy" https://www.zerohedge.com/markets/blame-canada-justin-trudeau-creates-blueprint-dystopia-horrific-speech-bill Meryl Nass MD, Tracking Unvaxxed With Fingerprints
Not only were some of these Americans fired for refusing this shot — many for religious reasons — now their fingerprints are on record at the FBI with a flag. https://merylnass.substack.com/p/tracking-unvaxxed-with-fingerprints
Dear Slovakia, Please show up and vote "no". Meryl Nass MD, Slovakia announces it will not sign the existing versions of the treaty and IHR amendments. Tedros begs Slovakia to not block "consensus". The bogus consensus the WHO often claims, but rarely receives, is something that needs to be exploded. https://merylnass.substack.com/p/slovakia-announces-it-will-not-sign
Meryl Nass MD, ~15 nations have made their position on the WHO sovereignty grab, misleadingly spun as an "equity" effort, publicly known before the WHA meeting commences. The negotiations have been controlled by globalists, not nations, from day one. How many other countries are entirely fed up with the World Stealth Organization's tricks? https://merylnass.substack.com/p/15-nations-have-made-their-position
Meryl Nass MD, 14 Members of the Australian Parliament call on their government to exit the 2 WHO treaties https://merylnass.substack.com/p/14-members-of-the-australian-parliament
According to the Washington Post, EV charging stations cost US taxpayers $1 billion. However, after two years, only seven chargers and a meager 38 parking spaces have been built out of the allocated $7.5 billion. https://greatgameindia.com/ev-charging-station-costs-1-billion/
"The largest solar flare of the current solar cycle 25, and largest since 2017 was just observed around deparing AR 3664 off the west limb. The X8.7 event peaked at 16:51 UTC (May 14) causing a strong R3 level radio blackout directly over North America," Solarham wrote. https://www.zerohedge.com/weather/behemoth-x87-class-solar-flare-reported-radio-blackout-directly-over-north-america
The Ethical Skeptic presents a plausible explanation of the meaning embedded in the structure of the Great Pyramid at Giza, and the fact that its limestone covering was dissolved by extended bathing in the ocean at some time for 50 to 80 years (est.) A rotating body with irregular mass distribution, in equilibrium, will undergo shifts in rotational axis from time to time without losing rotational inertia. Our planet qualifies, due to irregular distributions of mass beneath the surface. When such a rotational axis changes the oceans slosh, and redistribute. That would be a "flood", like the Gilgamesh and Noah stories were about. The Great Pyramid would likely have been built about 11,000+ years ago. Some centuries after that postulated event. This is carefully researched and very well presented, but not brief. (Global warming might be coming from beneath our feet.)
Exothermic Core-Mantle Decoupling – Dzhanibekov Oscillation (ECDO) Theory For decades, I was taught to view such a rotation and its resulting inundation as impossibilities, and I believed it. However, we lack the ability to distinguish a Dzhanibekov rotation from a geomagnetic pole excursion or flip. How, then, can we be so certain? My confidence in this long-held dogma has been shaken to its core. https://theethicalskeptic.com/2024/05/12/exothermic-core-mantle-decoupling-dzhanibekov-oscillation-ecdo-theory/
Stirred And Shaken (pictured with some cleaned onions laid out to harden-off)
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