Friday, March 24, 2023

Battle For Reality

 Life Participants,

  Surplus Energy  Economics, Dr. Tim Morgan, presents Hardest Months, Strangest Years: The fundamental message is that the financial economy has diverged from the real economy for a long time, over 40 years, based upon the promise of cake-in-the-future, more and more future cake, don't miss the investment opportunity. This Ponzi scheme has been "necessary" because it is hard to replace a financial and economic system, and as long as real economy was still growing somewhat, the charade could be kept up with coupon-payments on debts. 
  The underlying problem with growth is that it needs cheap energy and resources, which have been getting more expensive since the late 1960s. Economy was thriving, and efficiencies were being introduced, so things looked rosy, despite expert warnings and Jimmy Carter's sweater-talk.
After Carter, American wages stagnated, then American industry moved to Japan, Mexico, China and Southeast Asia. American workers had less, but American managers, specialists and investors were still doing well. That turned around in 2008, and only the appearance of doing well was supported by the financial Ponzi schemes after that.
  Global real economy peaked last year. American real prosperity per capita peaked around Y2k, happier times. Now the decline in real wealth, after paying the bills for oil, iron ore and copper grinds on. Pay off debts if you can. Rein in spending on non-essentials, and prepare to struggle to pay bills and afford food, housing and fuel for the foreseeable future. Oil won't get cheaper or more plentiful. Solar cells are a niche-application, not a replacement.

  I have been following Tom Luongo's premise for a couple of years that there is a schism in global elite financial interests between globalists, "the Davos crowd", as he calls them, and nationalist interests, which we can see in Russia, China, Iran, Turkey, now Saudi Arabia, and also Mexico. The US Federal Reserve banking system under Greenspan, Bernanke and Yellen was clearly hand-in-glove with globalist interests. It worked in coordination with the ECB, Bank of England, Bank of Japan and Bank of China to keep the global banking system working without default, and always providing some approved venue to realize financial profits within that system.
Global banking is now at a crisis point. The game of reducing interest rates, down to negative real rates, is now over, and with rising rates comes crisis, because debt service cannot be rolled over, and will not be paid. Who will break first?
"The Pandemic" allowed for $US trillions of money to be created and channeled to the biggest banks, starting in November 2019, as Event 201 was underway to war game it all out. The next huge direct-injection into banking, and people's pockets, came in March 2020, with the lockdowns, which kept it from being spent right away, but then caused street-level inflation, not just asset-price inflation. 
This led to a crisis-declaration, and the usual crisis-solution was to create more debt, which would eventually lead to an insurmountable crisis and widespread debt-default. War against Russia seems to have been the control-narrative to deal with this looming crisis. Russia would be blamed, and if all went well, the carcass of Russia would be picked-over. That has failed and is not working well. This is now a financial-system war of attrition, just as the Ukraine War is a war of attrition between Russia and NATO. Russia has not succumbed in either war, so the western finance war of attrition is largely between the Federal Reserve and the ECB.
The ECB needs the whole global economy to be captured for something like CBDC, where the central bank can reduce any bank account at will, to be imposed. This is a totalitarian central system. No individual or local initiative or decision making is permitted. There is no carrot. A huge crisis-stick of financial collapse everywhere would be needed to force acceptance of this financial regime.
The Swiss National Bank decoupled from the Euro about 3 years ago. The Federal Reserve under Jerome Powell is not as it was before, and has been taking steps to strengthen the $US as a national currency, at the expense of "Eurodollars". The $US have been returning to the US, repatriating. The Bank of England is trapped and can't act independently since last summer. The Bank of Japan has long provided the cheap liquidity for carry trades, which helped keep the Ponzi schemes floating, but Kuroda retired, and his rght hand man declined. A nationalist businessman is now heading the Bank of Japan, and signaling a tightening cycle.
The Davos plan appears to have been to hold a lot of AT1 bonds, to drive down the prices of European banks in a crisis, and then to "own" those banks by holding the AT-1 bonds, which would then be valued at a higher price than the stock valuations of the banks. 
  There was a clause in the Swiss AT-1 bonds that allowed their holders to get nothing, even to be subordinated to shareholders in a way, and also to bank-depositors. 
  Last weekend, that hidden clause was exercised, and the AT-1 bondholders got nothing. That sends shockwaves through EU finance. 
Deutsche Bank is threatened, but the AT-1 bondholders are not feeling confident. The ECB does not have an FDIC, and is very limited in what support it can provide to bank depositors. That falls onto individual countries. It appears that the European financial regime, centered on the ECB, will not be able to impoverish Germany as it impoverished Greece, then present debt-slavery as the "solution". That was THE game plan. Capture Germany and the rest of the EU in a crisis.
  Accelerating the war crisis seems to be the main "alternative", but everybody knows that will go badly. Everybody knows that, especially in Europe. European/globalist financial elites are experiencing desperation. 
  The video is an hour and a half. I am sorry to say that I was spellbound for the whole time. It is not available anywhere as text, except my inadequate encapsulation, which you just read. Thanks Oroboros

Deutsche Bank AT-1 bonds are crashing as D.B. share prices crash, this weekend's crisis. Germany may act, but the ECB is limited in what help it can provide to German depositors. "Nothing to see here; move along now!"
Scholz: 'No Reason To Worry' As Deutsche Bank Bloodbath Reignites Global Bank Crisis Fears

  They will have to say something this Friday afternoon to avert panic, but what will they have to say? Globalism is in crisis, not nationalism. What is the negotiated deal? Germany the country needs help from the USA. ("Paging Jerome Powell")
​  Yellen Convenes Emergency Financial Stability Meeting On Friday As Banking Crisis Explodes
​  ​Bloomberg reported that Treasury Secretary Janet Yellen - who was singlehandedly responsible for stoking and restarting the bank crisis on Wednesday which until that day was easing back, with her comments that nobody in charge was even talking about a uniform deposit insurance, let alone working on one - will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council.

  Mexican President "AMLO" is a socialist-nationalist, a populist. I will point out that he explicitly praises former Mexican President, Lazaro Cardenas, who nationalized Mexican railroads in 1937, when WW-2 was already brewing in Europe, and the US was quietly preparing to join  it, and could not afford to invade Mexico to support the railroad barons. AMLO clearly sees a historical parallel, and is acting on it.
​  ​‘Mexico is not a US colony!’: AMLO Condemns Invasion Threats, Celebrates Nationalization of Oil, Lithium
​  "​Cooperation? Yes. Submission? No! Interventionism? No!​"​
​  ​AMLO then shouted out the following words, and the audience replied: “Oligarchy? No! Corruption? No! Classism? No! Racism? No! Freedom? Yes! Democracy? Yes! Honesty? Yes! Social justice? Yes! Equality? Yes! Sovereignty? Yes!”
​  ​The president concluded his speech chanting: “Long live the oil expropriation! Long live the workers and technicians, of before and today, in the national oil industry! Long live General Lázaro Cárdenas del Río! Long live Mexico! Long live Mexico! Long live

US must respond to Nord Stream accusations – Mexican president
Andres Manuel Lopez Obrador has called on Washington to answer claims about the pipeline sabotage

​  ​Mexican President Says Trump Arrest is About Keeping Him Off the Ballot
Slams Biden administration for hypocrisy over Julian Assange and attack on Nord Stream pipelines.

​  ​'The United States of America is our enemy,' says Medvedev
​  ​"What I can’t understand is the position of European leaders who are unable to make decisions that benefit Europeans. All of their decisions benefit either certain rival political groups or the Americans," the politician said​...
​..However, he pointed out that unlike EU nations, the US holds "a consistent stance." "They are trying to cause us as much damage as possible, and, where feasible, even tear our country apart and put Europe under their spell in the worst way so that it is unable to move at all," the Russian Security Council deputy chairman noted.

​  Saudi Arabia is not so afraid of the US or Israel. What are the US and secretly committed to doing next, that leaves Mexico and Saudi Arabia free to act in their own national interests?​ (Iran has the story.}
​  ​Saudi Arabia to reopen embassy in Syria after more than a decade of closure

​  ​Moscow calling: we can sink ALL your carriers
​  ​The Kinzhal was developed with the express purpose of destroying aircraft carrier strike groups. If it could destroy a
[deep underground]warehouse built to withstand a nuclear strike, it can cut through an aircraft carrier like a hot knife through butter.

​Howzat work? Thanks Doc Robinson. Kinzhal hypersonic missile meets US nuclear aircraft carrier strike group.
​  ​Even if the carrier can stay afloat for the first moments after the strike, the potential of its aircraft wing will be reduced to zero by the damage caused to the deck. In addition, such a strike can lead to the defeat of at least one of the two naval Westinghouse A4W reactors. The total capacity of these reactors is 1,100 MW. A missile with a half-ton warhead moving at high speed can not only destroy the coolant circulation circuits, but also lead to the explosion of the nuclear reactors themselves during their active operation when an aircraft carrier performs a combat operation. This fact suggests that the impact of a single hypersonic “Kinzhal” missile complex may be enough to completely destroy not only the lead aircraft carrier of a strike group, but also the entire carrier strike group itself.

​  The US political establishment has been using the playground taunt that Russia is the "junior partner" to China, and it may be riling some Russian nationalists, but it is just a taunt. There is no evidence that it is real. Russia is surviving without much, if any Chinese support, and winning a war of attrition against NATO and the western financial establishment.​ (Commenters observe that China went to Russia, which shows China as "junior". Putin-Xi body language from the beginning showed Putin to be relaxed and self-assured, while Xi seemed alert, very aware, focused, eager to please and say good things.
​  ​The 'Junior Partner' Meme Gives No Insight To Real Changes

​  You know who and what Mike Pompeo is, and this is his current position. What faction is weakening?
​  The US government is making “an enormous strategic mistake” by downplaying the importance of rapidly expanding Russia-China ties, Mike Pompeo, who served as the country's secretary of state under former president Donald Trump, has warned.
  The alliance between Moscow and Beijing “may be a shotgun wedding, but they’re still married,” Pompeo told Fox News on Wednesday.
  “To hear the White House play this down as if it’s insignificant or unimportant is an enormous strategic mistake,” he added.

  I have been wondering about the International Criminal Court issuing an arrest warrant for Vladimir Putin, for evacuating Donbass children found without their parents, out of the war zone. What is that really about? Is this the best "crime" they could find?
​  ​EU country says it won’t arrest Putin
Enforcing the ICC warrant against the Russian president might violate Hungarian law

​  There have been reports of organized trafficking of children out of Ukraine for years. I am ​deeply​ disturbed to see this. I have a feeling it is not a fabrication.  ​  Ukraine Is Farming Children in Factories for Elite Pedophiles, Russia Is Saving the Children – Media Blackout
​  ​Russian soldiers are claiming that they’ve made a hideous discovery inside Ukraine, where they say that children between the ages of 2 and 7 are being raised in factory farm conditions before the attractive ones are sold as sex slaves to elite pedophiles and those who don’t find buyers are “carved up like discarded waste” as their organs are harvested and sold for use at European and Israeli transplant centers.  
​  ​In video footage from the frontlines of the Russo-Ukrainian War, a visibly emotional Russian officer describes children being treated as if they are “livestock, piglets, or rabbits” by their Ukrainian captors around the town of Izium, where the discovery of an commercial scale child organ harvesting factory was reported.
​  ​“They had taken organs [from the children],” the Russian officer explained.
​  “I couldn’t believe it,” he said. “Until seeing all this with one’s own eyes, one cannot comprehend it. But when you see it, you won’t forgive.”
​  Before they started, every day from day #1, and so much more than anticipated, that they needed to vastly expand the contract to process the injury/death information, which they pretended did not exist at all. "Safe and effective".​
​  ​Horowitz: They knew: FOIA document shows government anticipated mass vaccine injuries, then observed them from day one

​  Independent testing reveals extremely high levels of known carcinogens in the soil of East Palestine, which official testing did not even look for. Thanks Doc R.
​  ​Whose Test Results Should East Palestine Believe?
​  And this update:

Avoiding Toxins (pictured in spring garden at homestead)

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