Moon of Alabama Brecht quote
March 30, 2022

Open Thread 2022-37 (Not Ukraine)

News and views NOT related to Ukraine ...

Posted by b on March 30, 2022 at 14:59 UTC | Permalink


I will just note that a reported "Wave of Terror" has hit Occupied Palestine as 11 people have been killed in the past week....not including perpetrators.

The shit show continues until it doesn't and its all tied to some pigs in the trough thinking they are better than the rest of us meatsacks...what a species we have evolved into/NOT!

Posted by: psychohistorian | Mar 30 2022 15:36 utc | 1

Well, it's spring!

So maybe I'll make a stab at husbandry once more. I'm always very optimistic (more than my usual) this time of year, as to what garden projects are going to succeed in the mountain/desert I inhabit - so I've probably ordered seeds I won't use. But I did try to be more practical this year, a variety of greens, sunflowers of the seed producing kind, and only a couple new experiments to try.

And now, they gotta go in!

I have a small, walled back garden facing south - no entry except through the house, which 'puts paid' to any truck haulings like rich soil, amendments, etc. I've had to do such improvements by hand, on site though I do occasionally clamber overwall - that region is, however, pueblo land so strictly speaking left to its own devices. Gravel, sand, rocks is the basic deserty mixture; cactus out there, and juniper, chamisa, grasses...rabbits, coyotes, packrats, ground squirrels...

The inner garden, worms and compost are my friends. And rain when we get it - this spring we've had a lot. Yay! And my last and longest employment was to work in a greenhouse, one that had its own gardens to demonstrate good gardening practices. Low pay; great learning time.

And now --- it's raining!

Posted by: juliania | Mar 30 2022 15:43 utc | 2

The Saudis agree on truce with Houthis that might last beyond Ramadan, "Saudi Arabia announces Yemen ceasefire: Riyadh agrees to Ramadan truce that could permanently end the seven-year war."

I'll wager Russian and Chinese backdoor diplomacy was key in arriving at this agreement that began as a Houthi offer. We'll see what happens after Ramadan. If the truce lasts, then the Outlaw US Empire will have lost another proxy war.

Posted by: karlof1 | Mar 30 2022 17:08 utc | 3

My own bird's eye view, this Spring, is from the SF Bay Area. All of California had pretty much the same weather: just one momentarily drenching "atmospheric river" in December, then the driest January and February on record. March was our last chance, and we only got fractions of an inch. So the drought monitor (for California or even USA as a whole) is well into hazardous heights, way too early in 2022. Californians are reminded of a Nat King Cole song:

I was walking along, minding my business, when out of an orange colored sky: flash! bam! allakazam! Wonderful you walked by...

Posted by: Aleph_Null | Mar 30 2022 17:12 utc | 4

Aleph @ 4 - yes in northern california here we had some hopes after an early drenching and then the christmas blizzard which buried us for a week or two - but since then? A few drops here and there amounting to nothing. So yes, from here in 'fire country' it's going to be another scorcher in 2022. Cheers.

Posted by: gottlieb | Mar 30 2022 17:32 utc | 5

Wonder if Bernd will permit this post as I'm banned under my blog name ... The humorless little putz

Aleph @ 4

It rained here two days ending yesterday.

Posted by: Berndt Braincell | Mar 30 2022 17:43 utc | 6

Sorry to hear that, west coasters. Here in northern NM we had a mild winter until February, then cold and snow all month, even into March. Unusual, yes, but our spring temps are always unpredictable. Right now my forsythia is blooming, has sent up one tall leader from the small clump below.

I call it my 'false flag'.

Posted by: juliania | Mar 30 2022 17:49 utc | 7

"If the truce lasts, then the Outlaw US Empire will have lost another proxy war."
And then, as I wrote yesterday, there is the possibility that Afghanistan, used to further divide India and Pakistan by the US, could be bringing rapprochement there too. With China's influence for peace and development as opposed to the Empire's offering of war, famine and refugee camps, playing a key role.

Posted by: bevin | Mar 30 2022 18:09 utc | 8

For those interested in the overkill/extinction discussion, 1.5 million years of shrinking species:

Posted by: Gulo | Mar 30 2022 18:13 utc | 9

bevin @8--

Yes, the worm is turning and we get to watch and comment on this momentous event. The only problem I see, and it's potentially huge, is those running the Outlaw US Empire not accepting the results of the world's rendering them unexceptional and making them conform to the world's norms and laws, resulting is yet more chaos, death and destruction.

Posted by: karlof1 | Mar 30 2022 18:36 utc | 10

For those who think privacy is strong - here is a public example of just one of the myriad ways by which tech companies cough up data to law enforcement: the EDR

Hackers Gaining Power Of Subpoena Via Fake Emergency Data Requests

Virtually all major technology companies serving large numbers of users online have departments that routinely review and process such requests, which are typically granted as long as the proper documents are provided and the request appears to come from an email address connected to an actual police department domain name.

But in certain circumstances — such as a case involving imminent harm or death — an investigating authority may make what’s known as an Emergency Data Request (EDR), which largely bypasses any official review and does not require the requestor to supply any court-approved documents.


“We have a legal process to compel production of documents, and we have a streamlined legal process for police to get information from ISPs and other providers,” said Mark Rasch, a former prosecutor with the U.S. Department of Justice.

“And then we have this emergency process, almost like you see on [the television series] Law & Order, where they say they need certain information immediately,” Rasch continued. “Providers have a streamlined process where they publish the fax or contact information for police to get emergency access to data. But there’s no real mechanism defined by most Internet service providers or tech companies to test the validity of a search warrant or subpoena. And so as long as it looks right, they’ll comply.”

To make matters more complicated, there are tens of thousands of police jurisdictions around the world — including roughly 18,000 in the United States alone — and all it takes for hackers to succeed is illicit access to a single police email account.


The founder of the Recursion Team was a then 14-year-old from the United Kingdom who used the handle “Everlynn.” On April 5, 2021, Everlynn posted a new sales thread to the cybercrime forum cracked[.]to titled, “Warrant/subpoena service (get law enforcement data from any service).” The price: $100 to $250 per request.

“Services [include] Apple, Snapchat, Google (more expensive), not doing Discord, basically any site mostly,” read Everlynn’s ad, which was posted by the user account “InfinityRecursion.”

A month prior on Cracked, Everlynn posted a sales thread, “1x Government Email Account || BECOME A FED!,” which advertised the ability to send email from a federal agency within the government of Argentina.

Posted by: c1ue | Mar 30 2022 18:37 utc | 11

South Ossetia likely to join Russia soon
The referendum on the accession of South Ossetia to Russia will be held after the presidential elections, which are scheduled for April 10

Posted by: Norwegian | Mar 30 2022 18:44 utc | 12

Michael Hudson's been a very busy man as he's in high demand by the remnants of independent news for interviews. Yesterday it was Consortium News and this one with Global Research along with Scott Ritter. And then there's this interview with Margaret Flowers posted at The Saker. That's several hours of watching and reading that allows us to see the evolution of Dr. Hudson's analysis as he's now saying matter-of-factly, "We’re seeing the birth of a new dual World economy."

Yes, it's hard keeping abreast of both the news and analysis of events while discarding the bullshit. As I wrote yesterday, the current Winds of Change are much stronger and global compared to those of 1989 as the War on the World by the Outlaw US Empire and its NATO satellites finally comes to an end that hopefully won't include mushroom clouds.

Posted by: karlof1 | Mar 30 2022 18:50 utc | 13

the first time I've come across anything like this.
I had read a report somewhere, if my memory serves correct, that so far only Bulgaria and Moldova had agreed/said they were going to buy Russian gas/oil with rubles

Intel Slava Z
🇻🇦🇷🇺 The Vatican Bank transferred 10 million euros to buy rubles from the Central Bank of the Russian Federation in payment for gas supplied by Russia, media report

Everything was done according to the scheme established by the government of the Russian Federation.

119.8K views Mar 30 at 04:00

Posted by: michaelj72 | Mar 30 2022 19:29 utc | 14

If the truce lasts, then the Outlaw US Empire will have lost another proxy war.

Posted by: karlof1 | Mar 30 2022 17:08 utc | 3

And the US/Canada/EU arms manufacturers who control the Outlaw US Empire will still laugh all the way to the bank as they shift their attention and lobbying efforts to Ukraine.

Posted by: Tom_Q_Collins | Mar 30 2022 19:30 utc | 15

Posted by: c1ue | Mar 30 2022 18:37 utc | 11

Thanks that's interesting information. Do you know of any examples of such requests via spoofed or hacked emails that've succeeded in receiving subpoena/warrant information? What is the goal of these things, anyway? For non-LEA people to bypass the review process in obtaining already existing subpoenas and any personal information they contain for later use in ID theft?

Posted by: Tom_Q_Collins | Mar 30 2022 19:34 utc | 16

Posted by: karlof1 | Mar 30 2022 17:08 utc | 3:

If the truce lasts, then the Outlaw US Empire will have lost another proxy war.

Yay!!! And if France/Germany decide to buy NG using Rubles later in Fall, the Empire will lose their financial nukes.

Posted by: Oriental Voice | Mar 30 2022 19:34 utc | 17

Someone ban this person ! He's doubting the accepted narrative !

Posted by: Eighthman | Mar 30 2022 19:37 utc | 18

And now --- it's raining!
Posted by: juliania | Mar 30 2022 15:43 utc | 2

Juliana, maybe you could use a little 'nordic sunshine'. I posted this a few weeks ago but it likely was a war casualty.Mozart k.622

Here at about 70 degrees north we still have 3' of snow. But I saved your post about planting potatoes and will put your
directions to good use in some weeks. Thanks for your presence here @ MoA.

Posted by: waynorinorway | Mar 30 2022 19:38 utc | 19

@Tom_Q_Collins #16
The article specifically speaks to a criminal group called LAPSUS$ which succeeded in part due to EDR usage.

Note that we are not talking about spoofed emails- we are talking about hacked emails from a hacked account in one of the 18000 law enforcement groups in the US (and more worldwide). The article lists a specific ad about access from Argentina.

But it doesn't require much effort to see how these are useful.
If targeting a specific email or social media account for takeover/hijacking, for example, an EDR request to provide all information to said email including recovery methods would reveal recovery phone numbers associated with the target email - at which point a quick telco query uncovers the provider, and off to sim swapping you go.

Sim swap into the number identified, trigger password recovery and you're in...

I personally can attest to the telco queries - it costs me far less than a dollar to get a telco report on any US phone number via a service used to cleanse contact number lists of spam.

Posted by: c1ue | Mar 30 2022 20:04 utc | 20

Australian politics update: a remarkable event took place. Tuesday was Budget Night, when the Treasurer unveils the government's spending plan for the next fiscal year. It's usually a journo-fest and Wednesday morning's papers are filled with Budget analysis.

Only this time, in the Senate chamber at exactly the time the Budget was being announced, around five senators listened to a former key ally of the Prime Minister denounce him as 'a bully with no moral compass' in a speech which laid out what a political sociopath he really is. The MSM take is here:

Posted by: Patroklos | Mar 30 2022 20:12 utc | 21

I think Putin's strategy is 'slice the salami'. Get the EU into the rubles for gas idea, along with other commodities. Eventually, push them over the line.

As for saving face ( of the EU), this can be good diplomacy. For contrast, take note of how the US arrogantly ignores this nicety in speaking to China ( and the angry results).

Posted by: Eighthman | Mar 30 2022 20:21 utc | 22

Until now, Europe got Russian gas and paid by changing a number in a computer. But now Russia wants Russian rubles for Russian gas. Where can you get rubles?

- by selling something to Russia, and getting paid in rubles.
- at the Russian national bank. You give one gram of gold, and get 5000 rubles in return.

So all Europe has to do is send 7 tons of gold to Moscow. Each day.

Posted by: Passerby | Mar 30 2022 20:21 utc | 23

@ karlof1 3
The Saudis agree on truce with Houthis
--no agreement, unfortunately
...from USNews...
The Saudi-led coalition fighting rebels holding Yemen's capital planned a unilateral cease-fire to begin early Wednesday ahead of the holy Muslim fasting month of Ramadan. The Houthis rejected the proposal as “meaningless” without the coalition fully reopening the country's ports. . .here
Ramadan will be (roughly) the month of April. History indicates that Arabs have done some of their fiercest fighting during Ramadan, while fasting all day I suppose.

Posted by: Don Bacon | Mar 30 2022 20:48 utc | 24

Did Putin cave? And if so why?
. . .from DW
Germany says Putin agreed to keep payments for gas in euros

The Russian leader said money would be paid into Gazprom Bank, which is not a subject of sanctions, and then transferred in rubles to Russia, according to a German statement. . .here

Posted by: Don Bacon | Mar 30 2022 21:04 utc | 25

@ 25
Putin (reportedly): "Just continue doing it the old way."

Posted by: Don Bacon | Mar 30 2022 21:10 utc | 26

Don Bacon @25-6--

Please see discussion on other thread and my explanation of how it works.

Posted by: karlof1 | Mar 30 2022 21:57 utc | 27

Posted by: psychohistorian | Mar 30 2022 15:36 utc | 1
"I will just note that a reported "Wave of Terror" has hit Occupied Palestine as 11 people have been killed in the past week....not including perpetrators.

The shit show continues until it doesn't and its all tied to some pigs in the trough thinking they are better than the rest of us meatsacks...what a species we have evolved into/NOT!"

psychohistorian @1,
here is a typical day in Occupied Palestine, this tyranny and violence is unreported in the 'western' MSM, only legitimate resistance to it is 'newsworthy', complete with cringeworthy adjectives.

It is worth subscribing to this free newsletter, reproduced in full:

"While the Occupation is business as usual for Israel,
there should be no business with Israel

In Occupied Palestine

Zionism in practice

Israel’s Daily Toll on Palestinian Life, Limb, Liberty and Land

(Compiled by Leslie Bravery, Palestine Human Rights Campaign, Auckland, New Zealand)

27 March 2022 {Main source of statistics: Palestinian Monitoring Group (PMG): NB:The period covered by this newsletter is taken from the PMG's 24-hour sitrep ending 8am the day after the above date.}

We shall always do our best to verify the accuracy of all items in these IOP newsletters/reports wherever possible [e.g. we often suspect that names of people and places that we see in the PMG sitreps could be typos; also frequently the translation into English seems rather odd ~ but since we, sadly, do not speak Arabic, we have no alternative but to copy and paste these names from the PMG sitreps!]– please forgive us for any errors or omissions – Leslie and Marian.

Israeli Navy opens fire on
Palestinian fishing boats

Israeli Army position opens fire
on Gaza farmland

Occupation settler violence –
Israeli Army complicity

Settler violence – injury and

Occupation settler arson attack

Night peace disruption and/or
home invasions in 16 towns and villages

2 attacks – 2 Israeli ceasefire violations

23 raids – 3 beaten – 3 injured

3 acts of agricultural/economic sabotage

1 taken prisoner

Peace disruption raids: 15:55, Beitunya - 17:10, Sinjil - 19:00, Beitunya - 22:50, Turmusaya - 22:50, Sinjil - 22:50, al-Mughayir - 23:40-01:15, al-Bireh - 01:00-02:45, Shuqba - 01:15-02:25, Aboud Umm Safa - 01:15-02:25, Qarawat Bani Zaid - 01:15-02:25, Deir Nizam -01:15-02:25, Deir Abu Masha'al - 01:15-02:45, Shabtin - 12:00, Faqua village - 16:40, Arbouna - 02:05-05:35, Jenin - 03:15-05:35, al-Yamoun - 10:30, Izbit Shufa - 11:00, Beit Dajan - 20:00-02:35, Iraq Burin - 22:05-01:10, Bizzariya - 02:50-05:00, Urif - 03:20-06:45, Jalloud.

Palestinian missile attacks: none.

Ceasefire violation – Israeli Army attack – agricultural sabotage: Northern Gaza – 00:30, an Israeli Army position, behind the Green Line, opened fire towards agricultural land east of Beit Hanoun.

Ceasefire violation – Israeli Navy attack – economic sabotage: Rafah – 08:30, the Israeli Navy opened fire on, and pursued, Palestinian fishing boats off Rafah.

Israeli police and settlers' mosque violation: Jerusalem – 08:00, settler militants, escorted by Israeli police, invaded the Al-Aqsa Mosque compound and molested worshippers.

Israeli Occupation population-control: Jerusalem – 21:00, the Israeli Occupation issued an order, banning a Jerusalem resident, Musa Khalaf, from entering the Bab Al-Khalil area for a period of 15 days.

Israeli Army stun grenades and tear gas canisters: Ramallah – 15:50, al-Janiya: stun grenades and tear gas canisters.

Israeli Army – beatings – 2 injured: Nablus – 14:45, Israeli troops assaulted two refugees, Yazan Al-Asi and Mustafa Al-Riyahi, near the entrance to the village of Burqa.

Israeli Army stun grenades and tear gas canisters: Nablus – 13:45, entrance to Burqa village: stun grenades and tear gas canisters.

Israeli Army agricultural sabotage: Salfit – Israeli forces laid waste to land in the Smoukh area of Kafr al-Dik.

Israeli Army – plunder: Bethlehem – 15:10, the Israeli Army seized possession of a bulldozer, in the village of al-Walaja.

Occupation settlement development: Nablus – Israelis, from the Majdolim Occupation settlement, set up four mobile homes on more Palestinian land, in order to enlarge the colony.

Occupation settler violence: Jerusalem – 10:00, a gang of Israeli settlers, with the support of Israeli Occupation forces, invaded the Petra Hotel, seizing and holding captive for a time five people: Medhat Diba, Musa Khalaf, Abdul Rahman Saeed, Firas Al-Atrash,and Omar Bashir Maarouf Qarash.

Occupation settler raid: Ramallah – 23:15, Israeli settlers invaded an area, near the entrance to Sinjil.

Occupation settler violence: Tulkarem – 22:55, Israeli Occupation settlers prevented vehicles from passing through the Shufa checkpoint.

Occupation settler stoning: Tulkarem – 23:20, Israeli settler militants stoned vehicles passing through the Einav checkpoint.

Occupation settler violence: Qalqiliya – 00:25, Israeli Occupation settlers obstructed the movement of people near the Kafr Laqif village road junction.

Occupation settler violence – Israeli Army complicity: Nablus – 13:45, Israeli settlers, supported by Occupation troops firing stun grenades and tear gas canisters, stoned businesses and vehicles, near the entrance to the village of Burqa, causing much damage.

Occupation settler stoning: Nablus – 21:30, stone-throwing settlers damaged a vehicle that was near the Deir Sharaf village road junction.

Occupation settler violence – injury and hospitalisation: Nablus – 23:55, stone-throwing settlers injured and hospitalised one person, near the Yitzhar Occupation settlement.

Occupation settler arson attack: Nablus – 00:35, Israeli militants, from the Adi Ad Occupation settlement, invaded the village of Jalloud and set fire to four vehicles.

Occupation settler stoning: Hebron – 23:00, Israelis, from the Kiryat Arba settlement, stoned nearby passing vehicles.

Raid: Ramallah – 15:55, Israeli Occupation forces raided and patrolled Beitunya.

Raid: Ramallah – 17:10, Israeli forces raided Sinjil and searched a vehicle maintenance garage.

Raid: Ramallah – 19:00, the Israeli Army raided and patrolled Beitunya.

Raids: Ramallah – 22:50, Israeli troops raided and patrolled Turmusaya, Sinjil and al-Mughayir.

Raid: Ramallah – 23:40-01:15, Israeli soldiers raided and patrolled al-Bireh.

Raid: Ramallah – 01:00-02:45, Israeli Occupation forces raided and patrolled Shuqba.

Raids: Ramallah – 01:15-02:25, Israeli forces raided and patrolled Aboud as well as the villages of Umm Safa, Qarawat Bani Zaid, Deir Nizam and Deir Abu Masha'al.

Raid: Ramallah – 01:15-02:45, the Israeli Army raided and patrolled Shabtin.

Raid – 1 taken prisoner: Jenin – 12:00, Israeli troops raided Faqua village, taking prisoner one person.

Raid: Jenin – 16:40, Israeli soldiers raided and patrolled Arbouna.

Raid: Jenin – 02:05-05:35, Israeli Occupation forces raided and patrolled Jenin.

Raid: Jenin – 03:15-05:35, Israeli forces raided and patrolled al-Yamoun.

Raid: Tulkarem – 10:30, the Israeli Army raided and patrolled Izbit Shufa.

Raid: Nablus – 11:00, Israeli troops raided and patrolled Beit Dajan.

Raid: Nablus – 20:00-02:35, Israeli soldiers raided and patrolled Iraq Burin.

Raid: Nablus – 22:05-01:10, Israeli Occupation forces raided and patrolled the village of Bizzariya.

Raid: Nablus – 02:50-05:00, Israeli forces raided and patrolled the village of Urif.

Raid: Nablus – 03:20-06:45, the Israeli Army raided and patrolled Jalloud.

Restrictions of movement (19): 17:00, entrance to the village of al-Mughayir - 20:05, entrance to Deir Abu Masha'al village - 22:30, entrance to Silwad - 22:00-02:15, entrance to the village of Ras Karkar closed - 13:20, tightened procedures at the Tayasir checkpoint - 21:50, tightened procedures at Beit Furik - 23:45, tightened procedures at Huwara checkpoint - 18:05-19:25, western entrance to Deir Istiya - 19:10-20:35, entrance to Deir Ballut - 10:55-11:55, eastern entrance to Beit Sahour - 13:00-15:30, northern entrance to Tekoa - 13:00-15:30, entrance to the village of Shawarwa - 16:40, entrance to the village of Wadi Fukin - 16:40, entrance to Husan village - Beit Hanoun (Erez) crossing closed - al-Mantar-Karni crossing closed - al-Shujaiyeh crossing (Nahal Oz) closed - Sufa crossing closed - al-Awda Port closed.
[NB: Times indicated in Bold Type contribute to the sleep deprivation suffered by Palestinian children]
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Posted by: Paul | Mar 30 2022 22:28 utc | 28

Posted by: c1ue | Mar 30 2022 20:04 utc | 20

Thanks again. Sorry; I should have read the article in full before asking as you correctly point out that most of the answers are contained therein. Very long article, I might add, with lots of hyperlinks to other memos and news stories.

One aspect I'm still not clear on (and it wasn't really elucidated in the krebs piece) is how SIM swapping works. I'll Google that in the mean time.

Posted by: Tom_Q_Collins | Mar 30 2022 22:45 utc | 29

@Tom_Q_Collins #29
sim swapping the hard way: saunter into the appropriate cell telco store and brazen your way into the account. You'll generally need things like social security numbers.

The pro criminal way: bribe a cell telco manager $500-$1000 or more. These managers aren't well paid and churn very frequently, as you might expect for such service jobs.

The overly complex way (or national security way): don't even bother hacking, steal the incoming text via SS7 attacks or some such.

The process itself is simple: you lost your phone and need a new sim issued for your phone number.

Posted by: c1ue | Mar 30 2022 22:53 utc | 30

karlof1 #3

I'll wager Russian and Chinese backdoor diplomacy was key in arriving at this agreement that began as a Houthi offer. We'll see what happens after Ramadan. If the truce lasts, then the Outlaw US Empire will have lost another proxy war.

Thank you for that and agreed with the wager. Isa Blumi: Yemen Is Holding Its Own Against The Empire is worth considering as well.

"Scholar Isa Blumi returns to refresh our memories on what the war on Yemen is all about, his view on the current state of the conflict which has now passed the seven year mark, and how the Yemenis are holding their own against the empire. The West and GCC countries are bleeding money in this conflict which may lead to the collapse of a number of Gulf countries."

The UKUSA has conned the GCC countries to trade their cold cold cash for guns and gadgets.

'so you think you can tell heaven from hell, cold comfort for change' as Pink Floyd proposed.

Posted by: uncle tungsten | Mar 30 2022 23:22 utc | 31

Reply to 25

I think there's no easy way to establish ruble use but Putin's made a start.

The problem is that somebody in Russia gets stuck with dollars or euros - because that's where rubles come from. Can the US or EU vassals freeze their currencies held in Russian banks? I'm not sure.

The goal is to get commodities/oil priced in rubles. Eurasia will evolve that way. I think they also need a barter exchange or use gold since that eliminates the frozen accounts problem completely.
This thread is rather positive.

Posted by: Eighthman | Mar 30 2022 23:59 utc | 32

@Eighthman #32
The reason the CBR assets were attackable is because they are dollar and euro bonds held in the Federal Reserve and ECB, respectively.
Currency held by Gazprombank is not attackable that way, although Gazprombank can be cut out from SWIFT access. However, removal of Gazprombank from SWIFT access means no more payments for energy = frozen Europeans.

Posted by: c1ue | Mar 31 2022 1:05 utc | 33

Canada to buy 19 billion dollars worth of F-35s.

Canada population : 38 million.

So that's 500$ of taxpayer money from every man, woman and child.

For the "vaunted" F-35.

How embarrassing, and maddening.

Posted by: Featherless | Mar 31 2022 1:06 utc | 34

Just watched the Quadriga documentary on Netflix
Netflix link

Overall, pretty decent overview on what went on except at the very end.

Cotten was a serial scammer.
He has clear experience with laundering money from his past scams.
He would certainly understand the challenges of laundering tens of millions of dollars.
While it is certainly possible that he was so incompetent as to lose $150 million in crypto trading - I would still investigate closely to see how and when these losses occurred and to whom.
After all, a "loss" to a related party entity is a very common means to launder money - the early "crypto casino" laundromats had automatic 96% payouts - the 4% being the fee to launder bitcoin bet.
The means by which the thefts occurred as well as the complete fabrication of user accounts is pretty damning - the documentary implies that there weren't even user accounts, just ledger entries.

The death is also extremely convenient.

Lastly, from a forensic accounting perspective - it makes no sense that Quadriga still had $50M, $60M in assets yet was not able to return individual people's money/crypto withdrawals for months requested. If they were truly running on fumes, there should be a lot less.

Posted by: c1ue | Mar 31 2022 1:14 utc | 35

Eighthman @32--

Actually, I doubt many dollars/euros will accumulate as you fear. The reason is the dynamics of Eurasian trade which is using national currencies to a large degree while the yuan replaces the yen as the dominant Asian currency. As I reported earlier on the other thread, Medvedev gave the game away--the new currency regime will be those backed by "national resources" having tangible value and thus render the currency "hard," while worthless fiat currencies are shunned and eventually die. I expect Shanghai to be the site of the Eurasian Currency Exchange since it already hosts an oil and gold exchange plus its stock markets. Nations and their corporations will also set up currency swaps like India has done for decades with its rupee and Russia's ruble. The point of the exercise is to eliminate the dollar as a useful global currency since it's not worth the paper it's printed on, nor is the word of the printer to be trusted.

The current arrangement is for Germany to take its euros to Gazprom bank, exchange them for rubles and then use those rubles to pay for the gas it contracts for delivery. Those euros in turn will be exchanged for rubles with Russia's Central Bank, while some are used to pay for Gazprom's expenses in EU like the salaries of its bank employees. Russia's Central Bank would then provide Russian companies with euro denominated debts to purchase them with the company's rubles. And as with the dollar, the euro is fiat and will eventually be replaced by national currencies and coin that existed prior to the establishment of the euro zone. All this blowing up of the old and replacing it with the new is a central aspect of the Putin Doctrine. As Hudson points out, the Outlaw US Empire vastly accelerated the process of dedollarization with its own actions that first began in 1979 with the seizure of Iran's foreign reserves, the recent theft of Venezuela's gold and US-based assets, the freezing/theft of Afghanistan's gold and reserves, and now with the theft of Russia's foreign reserves. The newly minted international financial system will be fair, but fairness isn't what the Empire prefers which means the new will be unfair to it and especially for those whose wealth is denominated in dollars.

Posted by: karlof1 | Mar 31 2022 1:18 utc | 36

Peak Prosperity: CoVID Vaxx Myocarditis Damage Persist in Children

Posted by: IronForge | Mar 31 2022 1:28 utc | 37

@36 karlof1 | Mar 31 2022 1:18 utc

The Biden account made a recent tweet that said the Ruble had turned to rubble.

One wonders when someone will tweet that the Dollar has turned to dolor.

Posted by: Grieved | Mar 31 2022 1:34 utc | 38

@37 IronForge | Mar 31 2022 1:28 utc

Thanks for the link. Kids don't get Myocarditis, of course, as everyone used to know. Even a handful would be a serious red flag in any society. An epidemic of cases following vaccination should have sounded every alarm known to humans.

And of course the heart damage is irreversible.

The media must stand out as the greatest criminal accomplice since Judas.

Posted by: Grieved | Mar 31 2022 1:41 utc | 39

Did interested readers note the ad video by the UK Heart Foundation that was attempting to normalize collapse of athletes on the playing field, implying this as a normal syndrome that "Science" works to cure? Here it is:

This Is Science [50-second clip, YouTube]

When one considers the deification of Science by Fauci and the like, the irony and lack of self-awareness encapsulated here is almost beyond belief. Extraordinarily crude propaganda, it was shown in UK absolute prime time to a massive audience, and it contains very shocking memory imprints.

Here's one of many news stories about the advertisement where viewers recoiled in anger:
British Heart Foundation face backlash after new advert shows footballer collapsing

Not just a footballer, let the record show, but a young, amateur teen with mother cheering on. The kind of person who has never collapsed dead on the football field, in all of time - except in the last year.

Posted by: Grieved | Mar 31 2022 2:03 utc | 40

I am reading that the Hunter Biden laptop story is hitting the MSM but not the context that the lies about it during the (s)election being "Russian disinformation".

If the MSM were to admit they swung the (s)election away from Trump, some heads might explode.....some heads may be exploding anyway.

But Mr. Market has been setting new records...until today...but its funny money and rigged indexes so they can make Mr. Market dance to whatever tune they want, fora al long as nations keep buying US Treasuries......

Posted by: psychohistorian | Mar 31 2022 2:32 utc | 41

Grieved | Mar 31 2022 2:03 utc | 40

Very much appreciate your posts...
...but the beat goes on (MSM) without interruption and regardless of the facts...

Posted by: V | Mar 31 2022 2:33 utc | 42

These are exciting times that we live in.

The dying United States military empire is still pushing forward to the plans made by RAND to "suppress" Russia. Soon, they will "pivot to Asia", and follow the plans made by RAND to "suppress" China.

Both Ukraine and Taiwan were set in place by NGO "color revolution" in 2014, and both are being flooded by American weapons, training, systems, and radicals. You can well expect that Taiwan is expected to "suppress" China in the same way that Ukraine was.

However, there have been some serious and substantial changes since 2014, and now the dying United States Military Empire has two choices...

[1] Develop new plans to a new world situation; a united Asia.
[2] Follow the ten-year-old RAND plans of suppression.

All indications are that it is still plowing forward, pretending that a unified Asia does not exist, and that somehow, the RAND operational plans are still possible.

Posted by: Rufus Arrr | Mar 31 2022 2:50 utc | 43

From Zero Hedge --
~// Powerful geomagnetic storms are set to hit Earth's magnetic field Wednesday night into early Thursday [3/30/22} after the sun ejected nearly 20 solar flares from an Earth-facing single sunspot in recent days. //~

Posted by: blues | Mar 31 2022 3:10 utc | 44

Posted by: waynorinorway | Mar 30 2022 19:38 utc | 19

Thank you so much for the clarinet concert, waynorinorway!! I will send it to my grandson in the morning.

Yes, nordic sunshine would be good! It felt like it somewhat in February, as though the polar vortex had shifted south more than usual. I've lived in Utah and had a winter with 3' snow - we foolish young'uns spent a full moon night creating a mini toboggan run - in and out of the house with a steaming kettle to slick down the channeled slope. I had my first garden - wonderful deep black soil. Nothing like that here, so I mulch and mulch and mulch...

Posted by: juliania | Mar 31 2022 3:21 utc | 45

Posted by: Patroklos | Mar 30 2022 20:12 utc | 21

Not seeing the story at your link, Patroklos, but thank you. Same goes for the NZ Herald as far as negative news. There will be cracks in that veneer, have to be!

As far as the US, with a populace facing no support from party politics it will be very interesting come voting time, if not sooner.

Posted by: juliania | Mar 31 2022 3:36 utc | 46

ZH has a posting up with the title
Saudi Op-Ed Warns America "Dismantling Pillars Of Own Empire"
and the Op-Ed is in The Jerusalem Post.

The part written by the Saudi that caught my eye was

If the Americans won’t side with Israel against Iran, what’s the chance they will side with us?

Posted by: psychohistorian | Mar 31 2022 5:40 utc | 47

Had a conversation with my brother-in-law while driving his car. It went along the lines of:

bil: you should change to third at blah.
me: oh ok.
bil: you should change to fourth at bleh.
me: oh ok.
me: you know, it kind of feels like i should change to fourth a bluh.
bil: the manual says you should change to fourth at bleh.
me: yeah, it's a fine recommendation, but it sounds like the revs are too low.
bil: the manual says.
me: yeah, i know, but you know how you can feel it through the pedals when the engine is struggling?
bil: the manual says.

I was cheerful, positive, and careful to not sounding patronizing. He is a nice guy, good to my sister and their kids, etc. But you can't fuck with belief. He believes in Volvo - more than his own senses.

It makes me think about all the stuff regarding false idols in the Old Testament.

Posted by: Rae | Mar 31 2022 5:43 utc | 48

You can find Chris’s work on Substack now at the Chris Hedges Report... The launch of the new site has gone very well, but he warns that no place in media is safe now. “They’ll shut down Substack, I absolutely know. Either that, or they’ll create a way that sites like yours and mine won’t be on it,” he says.

That's from Matt Taibbi's interview with Hedges.

I cut my teeth on the Internet, stumbling into client & server software engineering in the days of dial-up connections. I always thought the relative freedom we enjoyed for years would be short-lived. The day would come to put the open Internet to bed, to cut it up into separate Internets, so that we're all basically living in North Korea, so far as our ability to find any information displeasing to the state.

There should be a term for this terrifying historical event, unfolding today at such lightning speed, its effect on diverse dissenters is nearly simultaneous: the iShutdown?

Posted by: Aleph_Null | Mar 31 2022 6:32 utc | 49

blues | Mar 31 2022 3:10 utc | 44

Not likely a big deal.

X Class Solar Flare & CME

March 30, 2022

1:09 min

Posted by: pogohere | Mar 31 2022 6:46 utc | 50

As usual, sub editors are having fun with this caption. They are referring to Brandon's ' senior bathroom moment' when he visited the Pope at the Vatican:

Shit as a metaphor for imitating rational policy.

The real story is from today's AFR:

The long suffering US taxpayer has agreed to help make investors in Australian Critical Minerals wealthy. Like Morgan Stanley, Goldman Sachs, UBS, BNP, BlackRock et al.

"Washington | US Commerce Secretary Gina Raimondo has committed to help finance Australian critical minerals projects through America’s export financing arms, as President Joe Biden invokes Cold War powers to boost the domestic supply of minerals crucial for defence equipment and electric vehicles.

Ms Raimondo and Australian Trade Minister Dan Tehan met for an hour on Wednesday (Thursday AEDT) in Washington with chief executives from critical minerals producers to iron out regulatory hurdles that prevent US financing agencies from investing in such projects...."

BTW, how did the likes of Gina Raimondo or Dan Tehan get those jobs?

Posted by: Paul | Mar 31 2022 7:33 utc | 51

Does anyone have any thoughts on what will happen to the price of gold in the next few weeks?

Posted by: Steve | Mar 31 2022 10:22 utc | 52

Posted by: Paul | Mar 30 2022 22:28 utc | 28

IDF is the finest military force, at least in their special field: harassing villagers. Not some primitive harassing, but technologically advanced, using information science, engineering and chemistry. I started to follow several years ago, but they developed machines for uprooting olive tree, applying herbicide so they would not grow back. Other achievement of chemical engineering is skunk water. On information front, Palestinians are tracked and digitized. At the time I stopped following the news on Israel (uniformly depressing), there were still problems with chasing sheep, but by projecting the trend, the best mind of Technion resolved this problem by now.

Posted by: Piotr Berman | Mar 31 2022 11:46 utc | 53

Dear Psycho @47. The statement of course is itself a lie. As if the U.S. would not put Israeli interests first? There is no chance for a new JCPOA. It will never make it through this U.S. Congress, or any Congress for that matter. Where is our friend Richard Steven? They have been announcing an end to these negotiations for months now. In fact, Mr. Haven't Got-A-Clue Blinking, just yesterday asked the Israeli PM what their solution to the Iran nuclear situation would be. Can you imagine that? Israel, without so much as ever having allowed any international inspectors to set foot in any of their research reactors, now has a say in this matter. That weak POS is going to get us all killed.

Ukraine has been a great distraction, hasn't it?

Posted by: thecelticwithinme | Mar 31 2022 11:48 utc | 54

Hmmm, I see the US doesn’t want to buy fertilizer from Canada. At least not while negotiating that contract for the F-35 purchase maybe??

Posted by: Bruised Northerner | Mar 31 2022 12:15 utc | 55

@55 Bruised Northerner

If our leaders had any integrity, they wouldn't buy those garbage F-35s, and would find another buyer - there should be plenty - for our fertilizer. Isn't there a worldwide shortage now ? FFS.

Like I said, it's embarrassing and maddening, how our govt kowtows to the US.

Posted by: Featherless | Mar 31 2022 12:39 utc | 56

The reaction of the inhabitants of Tskhinval to the news about the possibility of holding a referendum on the entry of South Ossetia into Russia.

Posted by: alaff | Mar 31 2022 14:42 utc | 57

I have been looking at the US trade deficit. This deficit is another of the manifestations of the "exorbitant privilege" of the Washington Consensus/USD trade reserve/petrodollar/IMF+World Bank.

As you might remember, the US hit a $1 trillion goods trade deficit in 2021 for the first time ever. This is pretty amazing considering US GDP is only $21 trillion or so.

And note that this is just the goods deficit; the actual amount of trade going in/out is far larger.

But what I wondered was: what exactly is this trade consisting of? Here is the data from the US Bureau of Economic Analysis (BEA)

I've taken the top few listings in each of the major BEA categories so everyone interested can get an idea of just what this $1 trillion trade goods deficit involves.

Exports in 2021, in millions of dollars (Total $1,761,967)

Foods, feeds, and beverages 165,244

Corn 19,895

Meat, poultry, etc. 25,127

Soybeans 28,552

Other foods 17,595

Animal feeds, n.e.c. 11,002

Industrial supplies and materials 635,558

Crude oil 69,317

Petroleum products, other 63,861

Plastic materials 43,719

Gas-natural 39,755

Chemicals-other 39,196

Chemicals-organic 33,904

Fuel oil 32,115

Nonmonetary gold 30,870

Capital goods, except automotive 519,606

Industrial machines, other 68,440

Semiconductors 66,098

Electric apparatus 42,837

Medical equipment 39,846

Telecommunications equipment 32,573

Computer accessories 29,087

Civilian aircraft 24,247

Automotive vehicles, parts, and engines 143,603

Passenger cars, new and used 53,664

Trucks, buses, and special purpose vehicles 20,880

Other parts and accessories of vehicles 47,411

Engines and engine parts 18,554

Consumer goods 222,082

Pharmaceutical preparations 83,339

Cell phones and other household goods, n.e.c. 30,184

Gem diamonds 16,676

Toiletries and cosmetics 13,237

Toys, games, and sporting goods 10,879

Other goods 68,485

Posted by: c1ue | Mar 31 2022 14:52 utc | 58

US imports in 2021, in millions of dollars (Total: 2,852,649)

Foods, feeds, and beverages 182,111

Fish and shellfish 28,017

Fruits, frozen juices 23,531

Other foods 23,485

Vegetables 16,952

Meat products 15,469

Bakery products 15,149

Wine, beer, and related products 14,193

Alcoholic beverages, excluding wine 10,573

Food oils, oilseeds 8,937

Industrial supplies and materials 649,214

Crude oil 132,813

Industrial supplies, other 43,186

Petroleum products, other 40,372

Chemicals-organic 33,854

Other precious metals 28,954

Fuel oil 27,547

Iron and steel mill products 26,297

Plastic materials 24,108

Chemicals-other, n.e.c. 19,371

Bauxite and aluminum 17,700

Capital goods, except automotive 762,812

Computers 100,078

Semiconductors 69,691

Computer accessories 69,628

Electric apparatus 69,373

Telecommunications equipment 66,162

Industrial machines, other 66,100

Medical equipment 59,250

Generators, accessories 30,275

Industrial engines 27,873

Photo, service industry machinery 27,510

Measuring, testing, control instruments 22,911

Materials handling equipment 22,106

Automotive vehicles, parts, and engines 347,413

Passenger cars, new and used 143,475

Other parts and accessories of vehicles 116,540

Trucks, buses, and special purpose vehicles 43,148

Engines and engine parts 29,701

Consumer goods 766,739

Pharmaceutical preparations 171,219

Cell phones and other household goods, n.e.c. 121,286

Toys, games, and sporting goods 57,290

Furniture, household goods, etc. 47,611

Apparel, household goods - cotton 46,272

Household appliances 40,843

Televisions and video equipment 24,652

Jewelry 20,612

Gem diamonds 19,864

Footwear 19,645

Other goods 124,657

Much is as you might expect, but there are a lot of surprises here.

There are deficits in every major category, but the biggest outliers are Consumer Goods and Automotive. These 2 categories are roughly 3/4s of the trade deficit.

But I did not know that Pharmaceutical had such an enormous disparity between imports and exports: $83B exports vs. $171B imports. Maybe this is a function of offshore money gamesmanship - but this implies the pharmaceutical industry is NOT profiting internationally, that they're sucking all their blood from the United States.

Oil - crude oil + petroleum products: $173B in imports vs. $133B in exports. Deficit but not huge.

Cell phones: $30B exports, $121B imports. Hmmm.

Posted by: c1ue | Mar 31 2022 15:03 utc | 59

Oh and nonmonetary gold: $30.87B exports vs. $14.47B imports.

Happy to answer similar questions on categories - I still have the data up.

Posted by: c1ue | Mar 31 2022 15:06 utc | 60

Oilprice: Russia war chest continues to grow

Every day, European countries are paying Russia, in total, an estimated $285 million for oil, according to the Transport & Environment (T&E) think tank, not including the UK’s recent ban on Russian oil.


Europe’s Russian crude oil imports far overshadow its Russian natural gas intake, according to T&E, whose data shows that Europe paid Russia $104 billion for crude, petrol, and diesel in 2021, compared to $43 billion for natural gas shipments.

The 2021 numbers mentioned above work out to $284.9M per day for oil and $117.8M per day for natural gas.

Posted by: c1ue | Mar 31 2022 17:29 utc | 61

Rock & Roll:

Posted by: Donatello Silva | Mar 31 2022 17:30 utc | 62

A note to b

You might want to consider making spacing between lines bigger - if your site allows that. Each line is relatively long/wide, and lines spacing is relatively small. I always find myself focused to track the next line when reading.

There are loads of information about common practice for best reader experience, if you find my comment important.

Posted by: Man | Apr 1 2022 1:04 utc | 63

I have written multiple times here that one of the canaries in the coal mine warning signs of global private finance is the foreign purchase/ownership of US Treasuries.

Below is a quote from a ZH posting that speaks to what happened to Treasuries in the past quarter

Authored by Ven Ram, currency & rates strategist at Bloomberg,

As brutal as the bond-market backdrop has been, losses in Treasuries may abate in the second quarter even as the Federal Reserve takes aim at quelling inflation that is running at a breakneck pace.

The odds of a repeat of the first-quarter selloff are approximately 1-in-30,000...

The Bloomberg Treasury Index incurred a loss of 5.91% since the start of the year through Tuesday, the worst in data going back nearly 50 years.

That represented a 2.5 standard-deviation move to the left -- in itself an extreme probability in a normal distribution of returns that is confirmed by running the Kolmogorov-Smirnov test.

Fundamentals also suggest that losses may moderate.

The story goes on to not mention anything about foreign purchase/ownership changes but MoA barflies know that over 80% of the world just rejected empire attempts to squash Russia.

I read somewhere recently that both China and Saudi Arabia are talking together about reducing their mass of Treasuries......Its Show Time!

Posted by: psychohistorian | Apr 1 2022 5:40 utc | 64

@psychohistorian #64
You are conflating 2 things: the pre-maturity trading value of Treasuries vs. what foreign CBs use them for.
With the Fed rate hikes, it should surprise no one that the trading value of Treasuries is falling. However, regardless of the trading value, every Treasury is always going to return the X% interest stipulated in the bond issuance certificate.

In contrast: Foreign CBs hold Treasuries in order to enable liquidity for trade involving these foreign currencies. The Treasuries hopefully offset inflation via purchasing power devaluation, but that PP losses are just the price of doing business.

In this context: it is highly unlikely that the PBoC is going to significantly reduce its US Treasury stash given the $355 billion extra US dollars China received in trade surplus vs. the US in 2021.

For the Saudis, it is a different equation. I have repeatedly asserted that the petrodollar standard exists as part of a deal for protection vs Iran/suppression of Iran exchange. With JCPOA, this exchange looks far less reliable - and if there is no petrodollar standard, there is far less reason for the Saudis to hold a lot of dollars.

Posted by: c1ue | Apr 1 2022 11:37 utc | 65

Egypt has been mentioned as a casualty of the ongoing Ukraine/Russia Military Police operation due to its high reliance on food imports: Egypt imports more than 50% of its food and agricultural products.

However, there is another nation that would seem to be very vulnerable: the UK

UK Food Security Challenge

The UK is not self-sufficient in food production; it imports 48% of the total food consumed and the proportion is rising. Therefore, as a food-trading nation, the UK relies on both imports and a thriving agricultural sector to feed itself and drive economic growth.


The 2008 food price spike

Early 2008 saw the culmination of astonishing food price rises. The price spike brought an end to the long-term decline in relative price of food in the UK, and few expect it to return to past lows.

On the global markets, the 12 months to March 2008 saw the wheat price rise 130%, soya by 87% and rice jump 74%.

These price rises on the global commodities markets had a rapid and significant impact for UK consumers. In a BBC survey of household UK shopping, general items such as tinned foods registered a 15% price increase and seven items in the survey jumped by more than 40%. A pack of four croissants was 47.4% more expensive and a 125g packet of ham went up by 45.4%. Other surveys showed that fruit and vegetables saw some of the biggest price rises – up nearly a third at the major supermarkets from 2007-08.

Food price rises affect less wealthy families the hardest. The poorest 10% of UK households spent 15% of their expenditure on food in 2005-06 (after which food prices increased significantly), a figure that was just 7% for the richest 10%. This is because low-income consumers spend proportionately more on milk, eggs and bread – staples that are hard hit by food price rises.

Note the publication is from 2015...

2008 had a far higher oil spike ($147/barrel) but natural gas only went up to half as much as they are now ($16.02/MMBtu in 2008 vs. ~$30/MMBtu now), but of course there weren't anywhere near the scale of sanctions and self-sanction impacts as today. The duration of the 2008 spike was also pretty short - killed by the GFC.

The survey data above thus should be considered more of a best case indicator of just how bad the food situation is going to get...

Posted by: c1ue | Apr 1 2022 11:49 utc | 66

I read somewhere recently that both China and Saudi Arabia are talking together about reducing their mass of Treasuries......Its Show Time!

Posted by: psychohistorian | Apr 1 2022 5:40 utc | 64

I want to say that it seems very unlikely to me that the distribution of returns on treasuries follows a normal distribution.

My one acquaintance with treasuries was a bond fund, which was much more volatile that I was lead to believe.


However, yes, I agree, it is finally showtime. What is it, about 50 years since Vietnam? Fuckers just do not learn.

Anyway, I think we can all (those of us who wish to) congratulate ourselves for living long enough to witness this.

Posted by: Bemildred | Apr 1 2022 12:29 utc | 67

The avian flu thing is far more serious than I originally noted:
Avian flu outbreak spreading

Federal officials today announced that avian flu has struck flocks in five more states—Massachusetts, North Carolina, North Dakota, Ohio, and Wyoming—expanding outbreak activity westward and to nearly half of US states.

The announcement from the US Department of Agriculture (USDA) Animal and Plant Health Inspection Service (APHIS) today lifts the number of affected states to 23.

The US outbreaks involve the Eurasian H5N1 strain, which is fueling outbreaks in other world regions. So far, outbreaks in the United States this year have led to the loss of roughly 16 million birds.

Posted by: c1ue | Apr 1 2022 16:51 utc | 68

Freedom of expression exercise:

Posted by: John | Apr 1 2022 17:12 utc | 69

I have been writing a lot of stuff about the Ukraine war. I created some drama about how it was not getting enough readership. When I posted links to some other blogs, including MOA. It got me some more readership but what was surprising was a huge number of refers from MOA. This has repeated a couple of times. Not sure what it is about MOA.

I will try an experiment. If I post a link to something I wrote that is not related to the Ukraine and Russia thing, does it also get a surge from MOA? Lets see. Here is something I did related to the weather and covid19

Posted by: Tim Rourke | Apr 1 2022 23:46 utc | 70

Below is a quote from a Xinhuanet posting about Xi's talk with the EU folks that goes beyond the politically correct words coming from Xi

Some major countries, however, in pursuit of hegemony and their own interests, have
stirred up troubles in the world, only to complicate security issues, which, due to the interwoven past and reality, ideologies and interests, are already intricate and hard to address.

They smear other countries, hype up groundless fear, forge cliques, and politicize economic and technological issues ... in every effort to poison the atmosphere of international relations, deteriorate tensions and conflicts, hazard the global development.

They weaponize globalization and wage proxy conflicts and wars in the name of seeking "absolute security," subjecting civilians in small countries to the cost of geopolitical confrontations, while standing by and making a fortune in war ... in order to incite separation and confrontations, which has undermined world peace.

In many countries including Syria, Afghanistan and Cuba, people have been accusing the United States and the North Atlantic Treaty Organization of ruining their work and normal life and violating their human rights and freedom, which showcases how evil hegemony falls to be.

One cannot live in the 21st century with the outdated thinking of Cold War and zero-sum games, Xi said on May 21, 2014, when delivering a keynote speech at the fourth summit of the CICA in Shanghai.

Through adhering to a vision of common, comprehensive, cooperative and sustainable security, as well as dialogue and negotiations based on equality and respect, crises and disputes can be resolved step by step.

I wonder if we will get to see what might happen if empire pushes China/Taiwan like it is pushing Russia/Ukraine/NATO?

Just like don't poke the bear we may be writing about don't wake the dragon....I hope not and see the China/Russia strategy as Good Cop/Bad Cop working well for now.

Posted by: psychohistorian | Apr 2 2022 6:13 utc | 71

I assume people and society these days are the same as they ever were, by and large. Except everything physical is subject to entropy, the second law of thermodynamics -- things change only in this manner, over the past dozen billion years: Things get more messed up. Meditating thusly upon physical laws of human behavior, I stumbled upon something called ontological entropy, thence to the incendiary Minsky Moment:

Hyman P. Minsky maintained a more negative view of Wall Street; in fact, he noted that bankers, traders, and other financiers periodically played the role of arsonists, setting the entire economy ablaze.

For folks who absolutely control the bank, kicking over the betting table -- losing track of who had which chips occasionally isn't the worst thing that can happen. Here's a paper about this which is tons of fun if you wanna see the formulae: The Minsky Moment as the Revenge of Entropy.

Earthly things being rather awfully messed up, perhaps someone might find this relevant.

Posted by: Aleph_Null | Apr 2 2022 8:48 utc | 72

Interesting article. The name barkley rosser is familiar : the homonymous father of the author was director of the army research center in madison

Posted by: Platero | Apr 2 2022 13:01 utc | 73

The Financial Repression Authority had a roundtable with Zoltan Pozsar and Yra Harris

FRA with Pozsar on youtube

For those that remember - I posted Pozsar's Credit Suisse writeup talking about Bretton Woods III: how the US/EU sanctions would break the present international trade structure, and how Pozsar thought the next one could look like.

Lots of interesting comments, I include these few

US dollar is “our currency, your problem”; Russian ruble payments are “our commodities, your payment problem”. USD is 1973 type of arrangement – that very practice is changing before our eyes


Alternates to the eurodollar/USD trade reserve/Washington Consensus infrastructure:

1) Any commodity exporter can demand payment in rubles – but who will be the marginal provider in rubles. If the provider is the central bank, it can provide the rubles at whatever exchange rate you want to – and it can be higher than the pre-2/24/22 rate.

2) China-Saudi – petroyuan standard. Start to accumulate in Chinese banking system

3) Way out there idea: charge in gold


Commodities financing example: JP Morgan creates a loan to Glencore via the Eurodollar system (creates a deposit). Glencore pays Saudis, Saudi monetary ends up with dollars, and those dollars are recycled into Treasuries at the next auction.

If you break this flow, it has a huge impact but will take time.

FX reserves of some large reserve managers: Diversify holdings? Stock problem, flow problem. [this is how the Washington Consensus/USD trade reserve helps the US, and in turn how a change hurts the US]


Basic commodity trade as a levered entity: borrow money to lease a ship, borrow money to fill a ship, ship from port A to port B. It is all loans and deposits being created – all Eurodollars being created with the surpluses accumulating at the trader – that is what gets recycled in the Treasury auction.


“Just in Case” replacing “Just in Time” – next 5 to 10 years are going to be extremely commodity intensive.

“Resource inequality” to replace “income inequality”. In a world like that, it makes no sense to accumulate paper wealth
1) value eroded by inflation
2) currency will weaken
3) confiscation risk.
Instead, accumulation of commodities: gold, food, metals  assets will accumulate in China

Currencies are not reserve currencies – they grow into being reserve currencies. If Saudis sell oil in yuan, they will accumulate yuan reserves which show up in China.

The US is “open capital controls” but can close them if it wants (and just did); China is “closed” but will open.


the yield curve – “I don’t think the curve is right”
1) “Savings glut is over” – no one has any incentive to add to the G7 savings glut any more.

2) Fed will tighten but QT is passive – i.e. let bonds mature. It might be paired with active QT from foreign central banks. Duration is duration and is stockpiled in many places, but those warehouses are going to puke duration.

3) There is a very real chance that this time around is not the commodity cycle, but a structural change

4) Opportunistic disinflation under Greenspan – never again. Where is spending coming from? Government – net zero, commodity stockpile, rearming etc. Corporations too – stockpiling. But none of this spending is sensitive to interest rates. Every government in the West is going to pull out all the stops to offset the impact of the commodity shock/inflation

net net: high inflation, high interest rates but not high enough to catch inflation.

Posted by: c1ue | Apr 2 2022 21:57 utc | 74

Canadian journalist who reports on military issues, David Pugliese retweeted this really funny TikTok video

Not to take this out of context. But you don’t suppose.

Posted by: Bruised Northerner | Apr 3 2022 8:13 utc | 75

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