We’re at a bit of a pause, toward the end of the year, so this may be a good time to do a status check on the Global War. Let’s start with Tom Luongo and Crypto Rich doing a Big Picture overview of what they say this is all about:
EU CURRENCY COLONIALISM & THE IMPERIALISM OF CLIMATE CHANGE
CRYPTO RICH: So, Tom, one of the ideas I got from you is of climate change as EU imperialism--it is the 21st century's civilizing mission. It's how Europe is going to save the rest of the world, save those savages, from the carbon dioxide poisoning effect--using oil, and coal, and gas.
LUONGO: Think of climate change at this point as the new European White Man's Burden. They lost Christianity, they willingly gave up Christianity as an organizing principle--as a cultural organizing principle--and they've now tried to overlay climate change on top of that. Now they're going to try to export climate change to the rest of the world, in the same way that they tried to export Christianity to the rest of the world as a cover for their cynical appropriation of resources around the world during the Age of Exploration during the 15th, 16th, 17th, 18th centuries. That's not a bad analogy. It's something to consider. And the way they're going about--certainly when you listen to a guy like EU foreign minister Josep Borrell call the rest of the world a “jungle” and the EU a “garden,” speaking to the next generation of incoming EU bureaucrats at the College of Europe--it was obviously just another White Man's Burden argument. They try to dress this up as something they're doing for the benefit of humanity, but the reality is that they're doing it for themselves, and humanity gets to go along with whatever the EU decides is the next best thing for themselves.
What it comes down to is most of them are afraid of losing power or, worse, dying. They have this unbelievable need to control everything. Now they're at the point of, If you don't go along with what we want, you either get globalism or thermonuclear war. Those are your choices. Technocrats and globalism, with the EU in charge and the US the enforcement arm of their bad policies. We're all victims; we all got bribed in some way by the cheap money, the cheap cars, the cheap stuff, and we woke up way too late to really see what's happening.
CRYPTO RICH: Europe is setting up a global battle of the titans, pitting the US against Russia and China, so that they can take over the global turf. The irony is that, apart from Norway and Britain having energy, Europe has nothing. No first order income generation, which resource extraction allows. And Europe is killing itself with the sanctions. And without energy, how are they ever gonna rule again?
LUONGO: I think their plan is, and it's a daft one, they really believe that if everybody gets wiped out, and they're the first ones to collapse, they're the ones with the first plan to rebuild, because they'll be the only ones with the plan in place with the infrastructure in place, to just default on all the debt, they force everybody else to default at the same time, and then they get to be the first ones to rebuild. That's what they're doing. And in order for that to happen they have to destroy the middle class, the bourgeoisie, in the rich countries of Europe. Italy, Germany, France--well, France isn't rich anymore--
CRYPTO RICH: Get rid of whatever middle class is left.
LUONGO: They've taught everyone that wanting a better life is the problem, justifying that with climate change.
As Luongo says, it sounds daft, but … so does this:
It actually took Putin quite a while to see that this is a Global War, and Russia was supposed to be one of the prizes for the victors:
Now, here’s an article that provides a framework for evaluating what’s going on, and what we should be tracking:
The article envisions an offensive war by China against the US. I don’t buy that. Not that I’m a fan of the China Model, but I believe that the collective West is the real aggressor and that the shift to a multi-polar world that Russia and China are initiating is a defensive move against the Globalist World Order. Nevertheless, bearing in mind that—despite events in Ukraine and elsewhere—this global war is essentially an economic war, the eight points that the author sets out argue that the US is not in a strong position at this point. All eight points are argued at some length in the article, but I’ll preface the list with this quote that sets the stage for the rest:
Over here in the United States, distillate stocks are running at their lowest in decades and we have depleted our strategic petroleum reserve.
While at the same time, our national debt continues to run higher, faster. Our national debt currently stands at $31.3 trillion, but more alarmingly our national debt to GDP has scorched to 50 year highs and is now near 140%.
Again, bear in mind that GDP is, or can be, a highly misleading metric for fundamental economic value.
The second alarm bell that should be going off is that Central Banks elsewhere in the world are in a rush to stockpile gold and one “mystery buyer” has been confirmed to be China.
Now, here are the eight points:
The U.S. is economically in its most precarious state in decades and has depleted a fair amount of its oil reserves
Saudi Arabia is openly floating the idea of stepping away from the U.S. dollar and switching the Chinese yuan for oil payments, pressuring a key item of support for the dollar as global reserve currency
China and Russia have openly floated the idea of challenging the dollar as global reserve currency
Other countries are buying oil in roubles, yuan and gold
Central Banks are hoarding gold to the tune of quadrupling purchases from the year prior, including China acting as a "mystery whale" with large purchases
China is also dumping U.S. dollar denominated treasury bonds
New espionage efforts may have emerged with Chinese-made drones flying in restricted airspace over the Capitol, following confirmed reports of China attempting to spy on the Fed and shake down U.S. economists
Popular Chinese software like TikTok has been called a "national security threat" by the FBI
Set aside TikTok and Chinese drones over the Capitol and concentrate on what’s going on inside the Capitol. The US is simply no longer a serious country. We know that from our Woke military and we know it from this:
The Dumpster Fire Omnibus Bill Goes From Bad to Worse in Mind-Numbing Ways
Congress apparently passed a bill that wasn’t prepared to be signed. They then had to pass another continuing resolution to keep the government running in the meantime. If that’s not the perfect metaphor for how awful our federal government is, then one doesn’t exist.
This is the kind of stuff that makes you seriously wonder whether Luongo is right that the goal is global debt default followed by a grab for total power.
We may have a ruling class led by Bozo, but Russia has a serious leader who finally realizes what the game is for:
His recent address is well worth reviewing. Putin knows that this global war is one for all the marbles, and so does Xi in Beijing—”either Russia wins or China loses”. Negotiations will take place only from a position of Russian strength, as Putin made clear at the end of 2021 in his draft treaties:
This is a serious man.
Number Of Superyachts In Caribbean Double As Rich Enjoy Lavish Year-End Parties
This next video segment (12 minutes) covers a much wider range of topics than the title would suggest—highly recommended. That’s a typo, by the way—what Macgregor is saying is that Russians have not shot surrendering Ukrainians:
In line with Macgregors closing comments regarding where Ukraine’s dwindling numbers of truly combat effective troops are located, Alexander Mercouris stated today that his information is that the Ukrainian forces in the west of the country—those who will face any Russian advance out of Belarus—are mostly territorial defense forces, not regular army forces. All combat ready forces are being fed into the Donbass meat grinder.
Good analysis of the petroyuan future. Zerohedge’s version was paywalled.
Zoltan Pozsar: G7 Investors Should Worry About Gold-Backed Renminbi Eclipsing Dollars, Commodity Encumbrance
December 29, 2022 8:24 AM
https://thedeepdive.ca/zoltan-pozsar-g7-investors-should-worry-about-gold-backed-renminbi-eclipsing-dollars-commodity-encumbrance/
"The eye see only what the mind is prepared to comprehend." ~ Jefferson Davies Thank you Mark, your insight and understanding, helps me comprehend. My comment is we already live in a "pseudo reality." Go to the supermarket and walk the aisles. What percentage of the bags, boxes, cans, jars, etc. contain "real food?" You feel ill and go to the doctor. For your ill, he gives you a pill. Is that "real health?" Watching TV (seldom) from the commercials, I have the impression that less than 1% of the population is a middle-aged white male. Portions of our major cities look like an "apocalyptic" movie set. With Covid-19 and the War in Ukraine - this "pseudo reality" just gains more traction. "Cui Bono" (for whose benefit)?