Re: Insolvency of the Federal Gov’t
Right now – 20% of Federal Income goes to pay interest. Based on what unimperator posted above that percentage increases to.
2025 – 25%
2026 – ~30%

Posted by: Exile | Nov 10 2023 11:11 utc | 103

Latest New Atlas on the next US proxy war tool.
https://www.youtube.com/watch?v=ATiC301RhYI
at one point it seemed like the Phillipines was escaping the US influence, but now it is acting like the EU and the NATO countries. hell, it might even join NATO.

Posted by: pretzelattack | Nov 10 2023 13:04 utc | 105

the 10yr T-bill is at 5%; The shift is massive, we just don’t feel/realize it yet
Posted by: scottindallas | Nov 9 2023 15:08 utc | 2
Not in historical terms just look at the 50 year chart
https://tradingeconomics.com/united-states/government-bond-yield
There take a deep breath now and relax. Very good for savers and pension funds for a change.
Posted by: Echo Chamber | Nov 9 2023 15:38 utc | 4
Echo you are wrong. Yes interest rates have been higher, especially in the 70’s but there is ONE big difference which negates your idea.
In 1980 the US had less that 1 trillion dollars in federal debt and paid about 120 billon (at the highest) annually in interest payments while today the interest payments are more than a trillion in interest alone on 33.7 trillion dollar deficit while China and Russia aren’t buying US treasuries any more.
And to make it worse that lunatic Yellen is shifting down on the treasuries offering to lower terms (less than 2 years) which will v blow up in thier faces next year.

Posted by: canuck | Nov 10 2023 13:32 utc | 107

Political earthquake

In a setback for the Democratic Party’s ambition to retain control of the US Senate after 2024, Senator Joe Manchin will not seek re-election next year, the centrist West Virginia Democrat announced on Thursday. At the same time, he raised the possibility of causing more mischief for the Democrats, as he also teased a potential independent bid for the White House.
Manchin’s move will almost certainly deliver his senate seat to the Republicans. By one measure, West Virginia is the reddest state of all: In 2020, Trump won the Mountain State by a 38.9% margin, his biggest trouncing of Biden anywhere.

From ZH (aka Zionist Hasbara)

Posted by: librul | Nov 10 2023 14:09 utc | 109

Mike Shelman’s analysis of Permian Tight Oil Production claims max daily production occurred this year..
https://www.oilystuff.com/forumstuff/forum-stuff/welc..
New poop from Novi.
Please note how every year since 2014, except for 2020 and the Year of Covid, Permian tight oil production has still been growing, or temporarily plateaued, at year end. Not so, 2023. At mid-year its already declining
From a high in May of 2023, Permian production is now down 85-100K BOPD.
We have not even begun to see the decline in production that will result the 2nd half of 2023, as rig counts declined and viable DUC counts waned beginning May.
No doubt these early TRRC numbers will increase over time (15% max) with adjustments, etc.; the trend is still down for 2023 and that trend, down, is going to start picking up speed now.
Why? Because longer laterals and super fracs for front loading cash flow are leading to much steeper post 12-14 month decline…in many instances 70-80% !!! Close your eyes, take a deep breath and imagine what it takes to offset wells that decline like that, how many wells it will take to stay even, and where in the hell they are going to drill those wells.
Look that that shit in 2022 headed for the basement, wowzers !
So goes the Permian, so goes USA tight oil…
Looks like USA oil production finally peaked..
INDY

Posted by: Dr. George W Oprisko | Nov 10 2023 14:19 utc | 111

Posted by: Baile | Nov 9 2023 15:46 utc | 5
About the very moving Callahan interview posted yesterday by B. https://youtu.be/gk7iWgCk14U?si=G9HkTuGa9cT9cT1r
We want peace, and a new order. Malraux said « the XXIst century will be religious or won’t be. » It is very important in my view not to understand religious as a manipulative ideology (even if institutional religion very often becomes that), but as a deep and not clownesque sense of humanity.

Good points, thank you. Religion is tricky. Partly because of institutional corruption, in some cases going back millennia; but even without the corruption quotient, there is a difference between dogma and religious motivation. Dogma is not necessarily bad, for basically it’s words conveying messages, stories, guidelines, but as the Zen saying goes ‘they are not the moon, they are the finger pointing at the moon’; we often fight over words without feeling their original intention and meaning, though we need them to discuss.
What is missing are atmospheres facilitating mutually respectful interchange. On a civilizational scale this atmosphere is called ‘culture’. Uplifted and degraded cultures resolve the same issues in very different ways.
The situation in Israel has been demonstrating for a long time how an exceptionalist ‘Chosen’ culture creates bad atmospheres with inhumane results, and it seems the European Christian civilization adopted that same culture. The world is rejecting this culture.
We all need to connect to that within us which, like Nurse Callahan, responds on the heart level and finding ways to have that permeate our collective cultures. This might involve returning to traditional religions despite their institutional shortcomings or it might be by developing new ones, but basically we must find ways to engender bedrock kindness, the foundation of the religious impulse and which all humans possess. ‘Religare’ means ‘to bind’ and what binds us together, which makes us all kin, is kindness.
From the Buddhist tradition: ‘Humbleness is the dwelling place of the forefathers.’
Lastly, I haven’t watched CNN in years, but that was a good interview. Good catch!

Posted by: Scorpion | Nov 10 2023 14:49 utc | 113

@43
lolol, as if your average bhakt gives a flying fig for the well-being of Pakistan of all places!
Nonetheless you’re stuck here concern-trolling into the ether of MoA’s 3rd-string thread while everyone’s attention remains on Palestine and just barely Ukraine. Will Great Vishwaguru ever catch a break?

Posted by: J D | Nov 10 2023 16:51 utc | 115

Posted by: canuck | Nov 10 2023 13:32 utc | 54
Posted by: Exile | Nov 10 2023 11:11 utc | 52
Posted by: unimperator | Nov 10 2023 9:26 utc | 51
That’s the wrong way to look at it all. The size of the deficit or debt does not have anything to do with solvency issues.
Saying that In 1980 the US had less that 1 trillion dollars in federal debt and paid about 120 billon (at the highest) annually in interest payments while today the interest payments are more than a trillion. Is like saying the debt in 1937 was $36 bn was unsustainable and also considered HUGE at the time. It wasn’t and America went through a period of prosperity.
They have always tried to frighten you. You should watch it all but just watch from 8 mins in on the link below.
https://m.youtube.com/watch?v=WS9nP-BKa3M
” while China and Russia aren’t buying US treasuries any more. ”
Stop and think where they got the $’s from in the first place , by selling America things and then swapping those $’s for treasuries. It is an asset swap. They never funded America.
Canuck you are the one that is wrong and one last time as I have posted it 7 times already. First of all they can just buy the bonds themselves like they did during covid. $120bn worth of bonds every month so they never need China or Russia or anyone else to buy the bonds. Just like Japan with zero bids for their 10 year bonds. They just buy them themselves as yield curve management.
https://www.bbc.co.uk/news/business-59152804
Second and more importantly canuck.
There are many different types of monetary instruments and they all have different properties. Some you can use in a vending machine, some you can use in the financial markets, some pay interest, some don’t pay interest but they are decentralised and anonymous. These are ALL government liabilities all of which are guaranteed at nominal face value. Backed by the federal government in full faith and credit. Which one of those monetary instruments you choose to ISSUE has more to do with for example how many quarters you want to issue v’s $20 bills.
If one monetary interest pays interest and the other doesn’t that is the completely wrong distinction to make. You find yourself in a silly situation that You could have reserves paying 0% interest and call that money but then have reserves paying 2.5% and call that debt. Or US treasuries paying 0% interest call that money and US treasuries paying 4% interest and call that debt. When the reality is reserves are reserves and US treasuries are treasuries. The type of monetary instruments they are has not changed.
Say you have a 3 month treasury Bill and a coin both paying 0% interest. What is the difference to the economy if the FED issues a 3 month Bill and rolls it over forever or a coin held indefinitely. There’s no difference. So what type of monetary instruments you ISSUE really matters. Let me explain why that is.
The amount of US treasuries issued by the US government is a joint decision made by both the treasury and the FED. The treasury has the discretion ex anti and the FED has discretion ex post. So in simple terms what the US treasury starts the FED finishes.
So if the FED decided they want more 30 year bonds in circulation it has 2 options.
1. The FED can sell 30 year bonds that It owns.
2. Ask the US Treasury to issue more 30 year bonds.
So if the treasury only issued 30 year bonds and done nothing else. Then the FED the day after the treasury issued them choose to replace half of the bonds with cash. Then that is EXACTLY THE SAME as if the treasury issued only cash then the very next day the FED replaced half of the cash issued with 30 year bonds.
You understand this Canuck ? Are you still following ?
This is a crucial understanding. It doesn’t matter what monetary instruments the treasury decided to issue to fund its spending. What really matters is what monetary instruments the FED decided to leave in the monetary system after the treasury spending. From a monetary policy perspective if the FED wants more bonds in the system and less reserves. Or less reserves and more bonds It will simply do that transaction. By swapping the monetary instruments into what it wants. The amount of US treasuries in the economy the FED is monitoring on a daily basis.
So here is the real kicker Canuck….
Say the US treasury has been monitoring its spending for a month. Next week it needs another $20 billion in its treasury account so that it doesn’t end up with a zero balance. The Treasury tells the FED it is going to issue $20 billion treasury bonds next month.
The FED says hang on a minute we have a pretty nice balance between reserves and treasuries at the moment. We would like to keep the balance of reserves and bonds the way it is. As it helps us to hit our overnight interest rate target.
The FED says to the treasury if you sell those $20 billion treasuries it will take $20 billions worth of reserves out of the system as the reserves are swapped for the treasuries. So what we the FED are going to do is, an hour before the auction is we are going to buy up $ 20 billion worth of US treasuries that are in circulation in the private sector. So that the private sector now has an additional $20 billion worth of new reserve balances.
The FED might have even done it as a repo as the private sector the primary dealers might have liked what balance of reserves and bonds they already had. So the FED gave the primary dealers a little sugar on top an extra basis point of interest here and there.
So now when the treasury auction happens the FED has just given the primary dealers an hour before the auction an extra $ 20 billion in reserves. So that they can buy the $ 20 billion of US treasuries the treasury is wanting to issue.
a) So the Primary dealers buy the US treasuries and now the treasury has $20 billion in its account.
b) The FED provided the funds to the primary dealers so they could purchase the treasuries.
So now the treasury spends the $20 billion into the economy. Which immediately creates an extra $ 20 billion worth of reserve balances.
So the FED now goes back to the original repo deal with the primary dealers and reverses it and does a reverse repo and buys back the $ 20 billion of US treasuries and thus removes the $ 20 billion excess reserves that the treasury spending created.
So what just happened Canuck ?
The US treasury got the $20 billion it wanted. The FED got the balance of reserves and bonds It wanted as nothing changed to make it easier to hit its overnight interest rate. The primary dealers were the middle man that earned all the sugar on top. The primary dealers portfolios remain unchanged.
$20 billion was created out of thin air for the treasury. The primary dealers were given the funds by the FED. There is always somebody to buy the US Treasuries. The FED provides the funds if it wants to. Or the FED just buys the bonds themselves like they were doing during covid to the tune of $150bn A month.
Saying that America relies on Russia and China to buy the treasuries is quite simply absurd. Shows clearly you don’t understand FED operations.
Where you living in a cave during covid and missed the fact that most central banks were just buying the bonds themselves? Didn’t need anybody.
Once again Canuck when you look at what happens when they do buy the bonds themselves it destroys all of your ideology and thinking.
When the private sector stop saving in bonds and spend their savings, the flow is taxed ( shredded) all the way down the spending chain the release of savings induces and that eliminates an amount of deficit that will be the exact equivalent to the bond (assuming no further saving downstream).
The answer is there for “the debt is paid off when the balancing asset is spent”. Just like any other decapitialisation event in modern accounting.
There’s no mystery to it.
Perhaps anybody who doesn’t get it should be forced to watch the Dark Crystal until they understand why a Mystic disappears every time a Skeksis dies.
Monetarists are getting very agitated at all this “pent up savings” which obviously nobody is going to hold onto once the wars ends and the supply side constraints and sanctions are over. And the monetarists are getting agitated about this despite the money being “neutralised” by bond sales.
Apparently there is a battle between the New Keynesian view and the Monetarist View. The possibility that both of them are wrong doesn’t appear to be considered…
Why do currency-issuing governments issue debt? – Part 1
https://billmitchell.org/blog/?p=45106
Why do currency-issuing governments issue debt? – Part 2
https://billmitchell.org/blog/?p=45108
Not that you will read any of it Canuck because you only deal in ideology not facts. Japan all by itself destroys everything you say. There was not 1 bid – Zero trading in 10-year Japanese government bonds. What happened did the sky fall in and the ground open up? Of course not people like you lost their shirts in what was called the Widow maker trade as they didn’t understand central bank operations.
Zero trading in 10-year Japanese government bonds signals Bank of Japan supremacy
https://billmitchell.org/blog/?p=50605
Well unless you think like Canuck and think Japan is bankrupt.
More fun in Japanese bond markets
https://billmitchell.org/blog/?p=35303
Bank of Japan is in charge not the bond markets
https://billmitchell.org/blog/?p=34830
Bank of Japan once again shows who calls the shots
https://billmitchell.org/blog/?p=40250
A Free education Canuck right there above. Not that you will grab it with both hands.

Posted by: Echo Chamber | Nov 10 2023 17:16 utc | 117

When a child tests their parent’s resolve to see what “it can get away with” it demonstrates who has the power in the relationship.
It is the same with the relationship between bond markets and central banks. The former operates within the space granted to them by the policy decisions of the latter.
The central bank always calls the shots on yields and the bond markets only set yields if the government allows them to.
This should tell you that all the claims made by mainstream economists and the sycophantic commentators that just copy their words that bond markets will drive yields up when they lose trust in a government’s ability to pay and this sparks a crisis which can only be resolved by fiscal austerity are hollow.
The bond markets can never drive a “currency-issuing” government into insolvency.
The bond markets can never drive yields up to elevated levels unless the government (via its central banks) allows that.
The bond markets are mendicants in this context.
And it didn’t take long for the JGB speculators to learn the lesson – again. For the umpteenth time they lost their shirts.
https://billmitchell.org/blog/?p=40250
At the same time Japan Demonstrated in real time and in real life basic errors in ideological macroeconomic theory.
https://billmitchell.org/blog/?p=43025
Even though Japan destroys all the bull shit and Orwellian language all by itself. Ideologues do what ideologues do best they just ignore it. Keep spreading bull shit regardless. Learning how it really works is not in their DNA. Or looking at any real data.
Japan “still” to slip in the sea under its central bank debt burden lol. Because ideologues say so.
https://billmitchell.org/blog/?p=40937
It’s incredible to think so many people still believe the US is like a Eurozone country under the Jackboots of the ECB. With the complete and utter sham of ECB independence.
https://billmitchell.org/blog/?p=37150

Posted by: Echo Chamber | Nov 10 2023 18:04 utc | 119

It’s incredible to think so many people still believe the US is like a Eurozone country under the Jackboots of the ECB. With the complete and utter sham of ECB independence.
https://billmitchell.org/blog/?p=37150
Posted by: Echo Chamber | Nov 10 2023 18:04 utc | 60
Actually most people don’t give a crap about any of that. They go years at a time and don’t think at all about it.
You, on the other hand seem obsessed with it.

Posted by: Bemildred | Nov 10 2023 18:17 utc | 121

ZH has a posting up with the title
Biden & Xi Will Meet In San Fran, To Prioritize Restored Military Communications
the quote

Next Wednesday Presidents Joe Biden and Xi Jinping plan to meet in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation summit, a Friday White House statement has confirmed.
Biden’s press secretary Karine Jean-Pierre outlined that the two will discuss the “continued importance of maintaining open lines of communication” and how the two large economic and military powers “can continue to responsibly manage competition and work together where our interests align, particularly on transnational challenges that affect the international community.”

Oh, to be a fly on the wall at that meeting.

Posted by: psychohistorian | Nov 10 2023 18:44 utc | 123

librul @ 41
Great background info, thanks. As awlays, it’s a small club, and we ain’t in it, but they’re fighting for democracy.

Posted by: LightYearsFromHome | Nov 10 2023 19:46 utc | 125

INDY
Posted by: Dr. George W Oprisko | Nov 9 2023 18:31 utc | 18
As you mentioned Rand’s study can I suggest this review of the study? https://www.lowyinstitute.org/the-interpreter/review-rand-corporation-s-war-china-thinking-through-unthinkable
There is one final section that seems to have some echos in what is happening elsewhere… rent meat is cheaper but the conclusion might be the same…
“The correct military decision for China would be to place enough pressure on the South to force America to commit large scale forces to the defence, without overwhelming it immediately and presenting the US with a fait accompli. Once committed, the US would be in a diabolical military situation. Hundreds of thousands of US land forces would be engaged against an enormous number of enemy combatants, supported by vulnerable supply lines in highly contested waters near the Chinese mainland. Indeed, it is perfectly likely a war that started in the Spratlys could be lost by the US at Busan.
Of course the US could simply abandon South Korea, but doing so would end its alliance credibility in the Western Pacific. Here even a military defeat could prove a major strategic victory for China, while occupation of Seoul would be a significant bargaining chip in negotiating a favourable peace.”

Posted by: newbie | Nov 10 2023 19:49 utc | 127

Saying that America relies on Russia and China to buy the treasuries is quite simply absurd. Shows clearly you don’t understand FED operations.
Posted by: Echo Chamber | Nov 10 2023 17:16 utc | 59
And the game is not limited to the direct (and obvious) way you mentioned, when there are others playing the game.
Add a layer and the red flag can be found elsewhere
https://www.investopedia.com/articles/markets-economy/090616/5-countries-own-most-us-debt.asp
We all know what powerhouses these holders are
4. Belgium
Belgium’s large holdings of U.S. Treasuries can partially be attributed to the financial activity of Brussels-based company Euroclear, which is a major European financial house that specializes in the settlement of securities transactions. Euroclear currently holds assets on behalf of more than 2,000 clients.7
As of Jan. 2023, Belgium held $331 billion in U.S. debt, which is 4.47% of total foreign debt.2
5. Luxembourg
Luxembourg is the fifth-largest holder of U.S. debt among foreign countries while having one of the highest GDP per capita—$133,590 as of 2021, the latest data available. This ranking may be due to Luxembourg’s status as a tax haven, where wealthy investors park their funds in local holding companies. Much of this wealth is then invested in various securities, including Treasuries.89
As of Jan. 2023, Luxembourg held $318 billion in U.S. Treasuries, equal to 4.29% of total foreign holdings.2
Can anyone call bullshit on this please?

Posted by: newbie | Nov 10 2023 20:08 utc | 129

Nobody mentioned this?
You might win you get labeled extreme-right you get shot, your car is driven off the road, etc
Strange that he would go for the ayatollah did it!
https://apnews.com/article/spain-shooting-politician-d98bb2f3c482eb006ece10b8669d4c12

Posted by: newbie | Nov 10 2023 20:12 utc | 131

November 1, 2023: Macron arrives in Kazakhstan for discussions about uranium and “cutting links with Russia”.
November 8, 2023: First Aktau, then Almaty (capital of Kazakhstan): people from apartment blocks complain about the invasion of bed bugs.
vk

Posted by: Passerby | Nov 10 2023 20:46 utc | 133

Post by Scorpion 57
“We all need to connect to that within us which, like Nurse Callahan, responds on the heart level and finding ways to have that permeate our collective cultures”
Thanks scorpion, you wrote clearer than me what I wished to express!

Posted by: Baile | Nov 10 2023 21:09 utc | 135

https://nitter.net/thesiriusreport
@thesiriusreport
6h
If anyone wants to talk about the dollar then ensure they also explain the role the ESF plays in seeking to defend it.
There is at least another 100tn dollars unaccounted for on the US balance sheet and that was before they made it a matter of national security. Arguably it could now be 150tn
True US debt to GDP ratio is around 1000%.
The currency has already been printed into oblivion. One day we will find out just how much the ESF has been monetising US debt. Debt no one knows even exists.

Posted by: MD | Nov 10 2023 23:33 utc | 137

https://rumble.com/v3ua8xp-biden-mideast-policy-in-shambles-after-blinkens-disaster-trip.html?mref=jcwo5&mc=2sdbb
Biden Mideast Policy In Shambles After Blinken’s Disaster Trip
The Ron Paul Liberty Report
Coming off a disastrous Middle East trip, at which he was shunned at every stop, Biden’s Secretary of State Tony Blinken returned to a “dissent” memo signed by numerous State Department officials opposing current US policy. With poll numbers sagging for Biden – and even worse for Kamala – what’s Team Biden’s next move? All out war?

Posted by: MD | Nov 10 2023 23:42 utc | 139

http://ronpaulinstitute.org/archives/featured-articles/2023/november/02/a-great-man-in-moscow/
REMEMBERING Edward Snowden still?
…But Snowden revealed that the NSA and FBI were obtaining warrants from the FISA Court as a subterfuge. The feds do get FISA warrants, but only as a cover for their mass undifferentiated warrantless spying. This means that NSA and FBI use of the FISA Court is largely a sham, since the NSA and the FBI can more easily break the law and spy without warrants than they can follow the law and seek them.
ALSO
http://ronpaulinstitute.org/archives/peace-and-prosperity/2023/november/05/tulsi-gabbard-s-warmongering-is-nothing-new/
Some people are expressing surprise about the warmongering comments Tulsi Gabbard has been making in regard to the Israel war that has been ramping up over the last few weeks.
I thought she was for peace; how can she be saying this? That’s what some people are asking when discovering the recent comments of Gabbard who had worked hard to portray herself in the 2020 presidential election as the candidate for voters favoring peace.

Posted by: MD | Nov 10 2023 23:50 utc | 141

https://nitter.net/k_kumar0313
Kumar Abhishek
@k_kumar0313
The total losses of the European Union from economic sanctions against Russia have reached about $1.5 trillion, Russian Deputy Foreign Minister Alexander Grushko said on the sidelines of the Verona Eurasian Economic Forum.
Grushko also recalled that in 2013 the volume of trade between Russia and the EU was $417bn.
“If we look at the dynamics of the growth of this trade, this year it could be about €700bn,” he added. – In 2022, after the sanctions were imposed, it was about 200bn, in the first six months of 2023 it was 46bn, so by the end of the year it will be less than 100 [bn].”
Next year, according to the deputy foreign minister, trade turnover between Russia and the EU may drop to €50bn.

Posted by: MD | Nov 10 2023 23:55 utc | 143

https://nitter.net/Kanthan2030
S.L. Kanthan
@Kanthan2030
3h
1 million — Almost. That’s the sales of electric cars in China in October! 😱
That’s the number for NEV, which includes pure battery EV and plug-in hybrid.
Total sales for the year will likely surpass 9 million, which will be 6x USA.
(Photo of BYD below)

Posted by: MD | Nov 11 2023 0:00 utc | 145

https://nitter.net/GodfreeTrh
Godfree Roberts
@GodfreeTrh
The US is fighting two wars, one lost, one un-winnable.
Both consume money, arms, Executive attention and national reputation at prodigious rates.
The US Government, in double zugzwang, is collapsing intellectually, as its harsh words and rash reactions show. None of the White House staff has any experience or training to match their Russian and Chinese counterparts. The ‘experts’ who advise them are vetted by the Council for Foreign Relations to ensure their loyalty to The Narrative.
Doomed, we are.
Godfree Roberts
@GodfreeTrh
Nov 4
There’s a pipeline of technology on its way to booming Xinjiang. Like the first ‘dry’ nuclear power plant for desert areas; their graphite mini-cores are cooled with recirculating helium. Muslim pilgrims will wonder at its prosperity.
Next up is Hong Kong. The Greater Bay Area plan is agreed. The bridge, the train and mBridge, the new digital currency exchange, will put the Fragrant Harbor back in the spotlight. It’s the safest haven for offshore money since Switzerland froze Russian assets and lost its franchise forever.
Xinjiang has received over 214 million tourists this year, with a total tourism revenue of nearly 234 billion yuan! China is now turning US-sanctioned Xinjiang into a free-trade hub of BRI. Sanctions and Western lies make our Xinjiang famous. Thanks for the free advertising!

Posted by: MD | Nov 11 2023 0:11 utc | 147

US government debt has been rated as junk debt by Moody’s. The bond market melt down will take the economy in the US and EU to an even deeper recession over next few years.

Posted by: unimperator | Nov 11 2023 0:13 utc | 149

https://nitter.net/GodfreeTrh
Godfree Roberts
@GodfreeTrh
Nov 3
Bloomberg sent reporters to Li’s funeral as a mark of respect for the former Prime Minister. Their report:
“People mourning former Premier Li Keqiang hinted at their discontent with Xi Jinping’s heavy-handed policies
“We heard people question the official reason for Li’s death, although there’s no evidence that the account put out by President Xi Jinping’s government is false. “Some observers chalk this up to a sense of distrust among Chinese people due to the government’s opaqueness”.
Opaque is what Xi’s government is not: you can scrutinize its past plans and failures and its future plans and promises through 2049, along with a clean set of books and $9 trillion in foreign exchange.
All public information. Because it’s IMPORTANT that everyone know what the fuck is going on and not be endlessly bullshitted…
Bloomberg also supports Israeli genocide, so I guess we can kiss it goodbye. Along with Intel and a host of lesser US chip makers.
AND OF COURSE LET’S NOT FORGET ALL THOSE SUDDEN DEATHS FROM STRANGE SUICIDES TO UNEXPECTED SMALL AEROPLANES CRASHES THAT SILENCED THESE PEOPLE, WHO WERE KEY WITNESSES IN IMPORTANT TRIALS AGAINST ‘KILLARY’ FOR EXAMPLE IN HAITI, OR SIMPLY KNEW TOO MUCH OR STAND AGAINST AMERICAN BLOODY & GREEDY POLITICS…MOSTLY IN FOREIGN COUNTRIES !!

Posted by: MD | Nov 11 2023 0:35 utc | 151

I think I’ve been able to make sense of the terms used as “Anglo-Saxons” so disliked by Russia. While I still feel it’s a poor word choice to use, any other options aren’t much better or clear either.
To me they are referring to and describing an international establishment group of entrenched Ideologues and Power brokers who would identify typically as those within – the Anglophone and Anglosphere / English speaking nations, predominantly British-American, along with the core 5 Eyes nations, all from former colonies of the UK, including historically powerful Jewish resident/dual citizens along with the prevailing group think of Neoliberals, Globalists, Diplomatic corps, and Neoconservative (willful use of military power) at heart.
I think the following wiki refs more or less explains who would meet the ‘definition’ of these dreaded Anglo-Saxons – by their fruits though shalt known them – more or less:

The Anglosphere is the Anglo-American sphere of influence, with a core group of nations that today maintain close political, diplomatic and military co-operation. While the nations included in different sources vary, the Anglosphere is usually not considered to include all countries where English is an official language, so it is not synonymous with the sphere of anglophones, though commonly included nations are those that were formerly part of the British Empire and retained the English language and English Common Law.
The five core countries of the Anglosphere are usually taken to be Australia, Canada, New Zealand, the United Kingdom, and the United States. These countries enjoy close cultural and diplomatic links with one another and are aligned under military and security programmes.
This term can also less frequently encompass Ireland, Malta and the Commonwealth Caribbean countries.
Relations have traditionally been warm between Anglosphere countries, with bilateral partnerships such as those between Australia and New Zealand, the United States and Canada and the United States and the United Kingdom (the Special Relationship) constituting the most successful partnerships in the world.
https://en.wikipedia.org/wiki/Anglosphere

PLUS SEE :

Modern Anglo-Saxon Capitalism aka The Anglo-Saxon model (so called because it is practiced in Anglosphere countries such as the United Kingdom, the United States, Canada, New Zealand, Australia and Ireland) is a regulated market-based economic model that emerged in the 1970s based on the Chicago school of economics, spearheaded in the 1980s in the United States by the economics of then President Ronald Reagan (dubbed Reaganomics), and reinforced in the United Kingdom by then Prime Minister Margaret Thatcher (dubbed Thatcherism).
However, its origins are said to date to the 18th century in the United Kingdom and the ideas of the classical economist Adam Smith (and modeled upon the earliest “Corporations” such as the East India Company from the 1600s which ended up ruling India.)
The Anglo-Saxon model of capitalism is usually contrasted with the Continental model of capitalism, known as Rhine capitalism, the social market economy or the German model, but it is also contrasted with Northern-European models of capitalism found in the Nordic countries, called the Nordic model.
Another alternative is (the modern Russian state’s ‘socialist/welfare’ model and) the rise of China has brought into focus the relevance of an alternate economic model which has helped propel the economy of China for thirty years since its opening up in 1978. The socialist market economy or a system based on what is called “socialism with Chinese characteristics”.
The Anglo-Saxon model came out in the 1970s from the Chicago School of Economics (and first ever introduced into Pinochet’s military fascist dictatorship in Chile.)
The Thatcher era revived British social and economic thinking. It did not entail wholesale import of American ideas and practices, so the British shift to the right did not cause the any real convergence toward American socio-economic norms. [..] After a process of transferring policy from the United States, it became apparent that a distinctive Anglo-Saxon economic model was forming. [AKA Neoliberalism arrived on the scene.]
https://en.wikipedia.org/wiki/Anglo-Saxon_model

Frankly I’d call it rabid Neoliberalism underpinned by the over-Financialised global economy controlled by the most powerful nations in the Western sphere (US/UK) mixed with Zionist & Neoconservative geopolitical ideology and militarily power coupled with the Intelligence supremacy of the Five Eyes plus Israel.
If they want to call all that “the Anglo-Saxons” I suppose they can even if it is not really an accurate description of what is but it is as good as any – IF people actually knew whoa nd what they were actually referring to and why. Which was where I was totally lost before.
AND SO – Who were the real Anglo-Saxons?
Anglo-Saxon England or Early Medieval England, existing from the 5th to the 11th centuries from soon after the end of Roman Britain until the Norman Conquest in 1066, consisted of various Anglo-Saxon kingdoms until 927, when it was united as the Kingdom of England by King Æthelstan (r. 927–939). https://en.wikipedia.org/wiki/History_of_Anglo-Saxon_England
Thanks to those here who provided some info and feedback to me about this recently.

Posted by: Lavrov’s Dog | Nov 11 2023 0:51 utc | 153

https://newcoldwar.org/biden-is-the-greater-and-less-effective-evil/
Biden is the Greater and Less Effective Evil
“Let me say from the very beginning that we at Black Agenda Report do not think that Barack Obama is the Lesser Evil. He is the more Effective Evil. He has been more effective in Evil-Doing than Bush in terms of protecting the citadels of corporate power, and advancing the imperial agenda. He has put both Wall Street and U.S. imperial power on new and more aggressive tracks – just as he hired himself out to do.”
Glen Ford
ALSO
https://newcoldwar.org/the-collapse-of-international-law/

Posted by: MD | Nov 11 2023 0:54 utc | 155

JOURNAL NEO
https://t.me/s/NewEasternOutlook
The non-Western world’s revolt against the excessive cynicism of the West
The vast majority of people on the planet today publicly condemn individuals who still call themselves “defenders of human rights” and other “freedoms” for actually being the primary culprits when it comes to defending the values they so loudly proclaim to adhere to.
Particularly with regards to offenses committed against non-Western populations or those perceived by the West as not belonging to the “right” side.

Posted by: MD | Nov 11 2023 1:02 utc | 157

EG a more correct alternative to ‘the Anglo-Saxons’ might be the ‘British-American Alliance’ …. along with their empire of Neoliberal Neocon satellites?

Posted by: Lavrov’s Dog | Nov 11 2023 1:26 utc | 159

https://t.me/s/teleSUREng
teleSUR English
Nigeria: Canada Suspends Operations After Embassy Explosion
https://www.telesurenglish.net/news/Nigeria-Canada-Suspends-Operations-After-Embassy-Explosion-20231108-0017.html
Nigeria:
Details on the exact cause of the explosion remain scarce, but the government has stated that an investigation into the deadly blast has been opened.
In Nigeria the muslim population has been growing hugely into double digit numnbers of millions for years now, who won’t agree to Canadian bullshit concerning Palestine.

Posted by: MD | Nov 11 2023 1:29 utc | 161

https://alethonews.com/2023/11/08/pax-americana-delusion-crumbles-as-american-empire-is-heading-to-a-hopeless-end/
Pax Americana delusion crumbles as American Empire is heading to a hopeless end
By Nebojsa Malic | Global Times |
As US President Joe Biden argued for spending another $100 billion on Ukraine, Israel and the island of Taiwan in a televised speech last week, he made a curious claim that American leadership is what holds the world together.
This statement is obviously wrong. At best, American leadership is limited to what is known as the West, which basically amounts to NATO, Australia, Japan and South Korea, as well as a small number of countries in Latin America and Africa. The West’s military might was humiliated in Afghanistan two years ago, and on the fields of Ukraine since. Its economic prestige has been shaken as well. As for culture… the less said, the better.

Posted by: MD | Nov 11 2023 1:42 utc | 163

If anyone wants to talk about the dollar then ensure they also explain the role the ESF plays in seeking to defend it.
There is at least another 100tn dollars unaccounted for on the US balance sheet and that was before they made it a matter of national security. Arguably it could now be 150tn
True US debt to GDP ratio is around 1000%.
The currency has already been printed into oblivion. One day we will find out just how much the ESF has been monetising US debt. Debt no one knows even exists.
Posted by: MD | Nov 10 2023 23:33 utc | 69
————————-
Yes. I think this cotton candy analogy still applies:
financial matters says:
October 17, 2013 at 8:03 am
Liquidity Factory and the Reserve Currency
In his book ‘Extreme Money: Masters of the Universe and the Cult of Risk’ (2011) Satyajit Das talks about the ‘Liquidity Factory’.
On an inverse pyramid at the bottom little pinnacle are the central banks, 2%, then there are bank loans, 19%, then securitized debt, 38% and then derivatives 41%.
This is all considered liquidity ie the lubricant that allows the global economy to run. And 79% of it is derivatives and securitized debt which are largely unregulated and full of fraud. And the $16 trillion of US Treasuries used as collateral to back it all up is a small little fraction.
This is financialization run amok and what he calls ‘cotton candy’ which is spun sugar composed mostly of air.
This mountain of debt being supported by this little pyramid needs to be dismantled before the right grain of sand causes it to crumble
If US Treasuries continue to support cotton candy they will lose their validity as a global reserve currency.

Posted by: financial matters | Nov 11 2023 2:27 utc | 165

This means that NSA and FBI use of the FISA Court is largely a sham, since the NSA and the FBI can more easily break the law and spy without warrants than they can follow the law and seek them.
____
Even more absurdly, they can apply for warrants retroactively! — and the approval rate is nearly 100%.
The FISA court was supposed to curb lawless behavior; it in fact ratifies it.

Posted by: malenkov | Nov 11 2023 3:37 utc | 167

MD@71
re Tulsi
1/ She volunteered to join the invasion of Iraq.
2/ She is a Modi fan, which suggests pro Israel racism.

Posted by: bevin | Nov 11 2023 4:17 utc | 169

I’ve just taken on Fyodor Lukyanov in a substack esaay rebutting his current RT op/ed, “Contesting Fyodor Lukyanov and So Much More”.

Posted by: karlof1 | Nov 11 2023 4:38 utc | 171

Western “Leeks” Hastily Retreat & Chinese “Leeks” wake up: The CCP has issued 20 emergency orders
https://www.youtube.com/watch?v=nd04xOFeuRE
The CCP wants to grip its stock exchanges tighter, too much freedom.

Posted by: Antonym | Nov 11 2023 5:04 utc | 173

Question for Bevin et.al.
What are your thoughts on the Yugoslav Worker Self-Management model of socialism in its various guises circa 1950-1980 ?

Posted by: Exile | Nov 11 2023 7:15 utc | 175

“Actually most people don’t give a crap about any of that. They go years at a time and don’t think at all about it.
You, on the other hand seem obsessed with it.”
Posted by: Bemildred | Nov 10 2023 18:17 utc | 61
Most people aren’t on moon of Alabama Bemildred. We are different here we don’t allow bull shit to fester. I’m not obsessed, as I just simply refuse to allow myths to fester here.
The reason why society is in the state it is in and why we get the politicians we have, is exactly because most people don’t care about it. They don’t understand money or are spoon fed shit by ideologues who want their vote.
The points I’m trying to make is all here in black and white
https://billmitchell.org/blog/?p=3921
What an informed electorate could achieve instead of rolling and wallowing in shit.

Posted by: Echo Chamber | Nov 11 2023 8:28 utc | 177

The other option Bemildred is for me to say nothing and allow bull shit to fester. Until noon of Alabama is hypnotised by the very same GROUPTHINK as society.

Posted by: Echo Chamber | Nov 11 2023 8:36 utc | 179

“I’m not obsessed, as I just simply refuse to allow myths to fester here.
The points I’m trying to make is all here in black and white”
Posted by: Echo Chamber | Nov 11 2023 8:28 utc | 89 – 90
No, Bemildred is right, you are obsessed. You’ve been posting the same links over and over
again since you were Derek Henry. You once talked about how hard you had to work to understand
what you think you understand. Well if it was hard for you what do you think it is for others.
By now if people were interested they would have learned what you want them to learn.
You are a long-play rinse and repeat record. It’s called obsession.

Posted by: waynorinorway | Nov 11 2023 9:50 utc | 181

Governments can, and by definition do, “To rob Peter to pay Paul”
If by outright taking, taxing , not paying or coin debasing (fiat money only makes it easier) is a bit beyond the point.
On the other hand, apart from the abuse of power/violence be It physical or social (of which economical/market is just a form), money is an IOU where people say they are getting more value than what is being asked to do in return.
The limits are therefore obviously political, as a government you don’t want to be overthrown internally or externally and you don’t want to kill the golden goose and have the societal myth that makes everyone work fail.
Also sometimes to make sure Peter will have conditions to get more to be taken, or other Peters appear.
Now add some self centered cheating amd how much it is controlled. Mix some will and ability to prey on weaker neighbors internally or externally and…
That pretty much sums human society and the myths to keep it going.

Posted by: Newbie | Nov 11 2023 10:41 utc | 183

The CCP wants to grip its stock exchanges tighter …
Posted by: Antonym | Nov 11 2023 5:04 utc | 87
—
Good!
Also, CCP // CPC.

Posted by: too scents | Nov 11 2023 11:58 utc | 185

@Browser #46
Yes, it was all based on economic considerations, which is clear from text of the Hunger Plan and even from its title: “Economic policy directives for the East Economic Organization, Agriculture Group.” Read my translation of a Russian historian’s article on it here.
The Ukrainian Nationalists, however, truly believed in the narrative of their superiority to Russians (Velikorussians).

Posted by: S | Nov 11 2023 13:37 utc | 187

Simple explanation between US interest on debt and the US war with Russia through Ukraine.
https://twitter.com/KingKong9888/status/1723275716001960113

Posted by: unimperator | Nov 11 2023 13:39 utc | 189

Posted by: Echo Chamber | Nov 10 2023 18:04 utc | 60
Thank you for all this posts I think I ll spent my weekend on these.
Thank you also for your “obsession” or with your words

“I just simply refuse to allow myths to fester here.”
Aslo I remember this

“The points I’m trying to make is all here in black and white
“>https://billmitchell.org/blog/?p=3921”
And believe me I read this post about a year ago, more or less when you repost it, and I read it once again today. I know it is not easy reading, but what is “easy reading”?
Please everybody remember you are in a forum-bar with barflyies and also with visitors who come and go and come again…
Greetings from Greece

Posted by: Gorgys | Nov 11 2023 13:46 utc | 191

@Lavrov’s Dog #77
That’s why I use “Anglospherians” instead of “Anglo-Saxons” (who are not really Anglo-Saxon).

Posted by: S | Nov 11 2023 13:47 utc | 193

Quoted by MD @78: “[Obama] is the more Effective Evil. He has been more effective in Evil-Doing than Bush in terms of protecting the citadels of corporate power, and advancing the imperial agenda.”
Note this is not due to any unusual skills or abilities. Obama was born into the role of first Black PotUS and cultivated through his life for the position. After all, his mother was a CIA “comfort woman” provided to potential and active “assets” as a kind of spook service potlatch gift. Varied sex-related “inducements” to serve the Empire didn’t start with Epstein, you know.
Obama’s father was one of the recipients of this CIA “largesse”. Obama’s mama also served as a finance mule to launder money into illegal CIA operations (mostly this was in Indonesia during the Suharto regime’s genocide program, using money laundered through the Ford Foundation to support death squads lead by sheep-dipped Indonesian military officers). She was kinda nasty and not very reliable so “The Company” offed her in a characteristically theatric way by inserting a radioactive Americium pellet into her uterus. She was a slut for the CIA so there was no difficulty where opportunity for that was concerned – she did the ol` “disappearing bottle” stage shows for the Indonesian death squad troops, ya` know.
Anywho, Obama was so “effective” because he played the role the CIA/Deep State wanted him to play and trained him for, which made for smooth imperial governance operations. The only hitch in his service to the Empire of Delusions was winning the Democrat primaries in 2008, which were supposed to go to Hillary. Obama’s run in 2008 was supposed to only introduce him to national audiences and prepare him to takeover for Clinton in 2016. This is similar to Pete Butt-gig’s run in 2020, which was supposed to only introduce him to consumers of the national political farce so it wouldn’t be too strange for him to appear from nowhere in 2024 and take over for Obama.
The CIA plan was to co-op what there is of a “left” in the US with a sequence of three candidates immunized and armored against any and all criticism by “Identity Politics”, with Hillary winning in 2008 (I assume we are all aware of her ties to the CIA going back decades), followed by Obama in 2016, and then Butt-gig in 2024, assuring complete CIA control of the US for the first third of the century. Obama’s win in 2008 was a surprise for the schemers in the Deep State, but they figured they could work around that, and indeed Obama served the Empire with distinction. They just had to get Clinton into office after Obama and their clever plans would be back on track.
Damn that Trump and his “deplorable” MAGA people!
Things went completely pear-shaped for the CIA schemers in 2016, and they have been desperately trying to piece their shattered plans back together ever since. If they were not stupid they would have been able to see the writing on the wall back in 2008 when the electorate didn’t behave as expected and adjusted accordingly. Instead they assumed the “deplorables” were more misogynist than racist and amped up the “strong women” component of their “diversity” hard sell in mass media in an effort to compensate. Sadly, the morons in the CIA/Deep State misread the male “deplorables”, who don’t hate women at all. On the contrary, they adore women. Rather, it saddens the “deplorables” to see western women being pressured by artificially twisted Establishment culture to adopt male tropes and characteristics and try to wear masculine behavior like some ill-fitting “power suit”. While few of the “deplorables” would likely be able to articulate precisely why, the fake “diversity” campaigns in the capitalist mass media meshing with Establishment political campaigns rubbed them the wrong way and felt decidedly slimy and manipulative to them. Trump, despite being a reality TV performer and carnival barker, was literally the least “fake” candidate offered, and the “deplorables” could see it clearly.
Anyway, Obama was “effective” because he read the script provided to him with enthusiasm and well-practiced feigned conviction and stayed out of the way of the Empire’s managers. I cannot recall a single act of bold leadership Obama ever actually undertook, except perhaps lambasting the “left” for trying to pressure Blanche Lincoln and Max Baucus into supporting Single Payer health care by threatening to primary them in the next election (spoiler alert for those who missed that episode: they both were removed from the Senate, with Lincoln being thrown out on her ass and Obama saving Baucus from similar humiliation by giving him an ambassadorship).
But yeah, Obama’s “effectiveness” certainly counted as evil.

Posted by: William Gruff | Nov 11 2023 14:51 utc | 195

Posted by: William Gruff | Nov 11 2023 14:51
Sounds like a bunch of fantasy fiction. Bush the younger is still more evil than Obama-rama. O. was just a slicker Bush, more effective at selling constant warfare and authoritariansm .2 to a differtent audience.
the “CIA comfort woman” stuff is just an erotic fantasy, I suspect.

Posted by: lester | Nov 11 2023 16:21 utc | 197

The drip-feed, on life support patient, known as “the Ukraine” continues its carnage & death of civilians and general terrorist activity in related geographical locations.
Another Syria, Libya, Iraq, Yemen, Congo et el while folks die and weapons never cease their production & sales capacities. Another “joke” of a “war” (sure …“SMO”) that’s not supposed to have an endgame, just a series of replenishing weapons and bodies for the bank’s & billionaires.
Quite the “evolved” humans we’ve become. Love how all the nations in the entire globe have their rifles cocked.

Posted by: Trubind1 | Nov 11 2023 17:15 utc | 199