Well, the Goldbugs are out in force claiming that Putin is creating a Moscow World Standard for gold. These people will never learn that their dream of some fixed gold standard has always collapsed throughout history. They have never played in the big leagues and consequently, they do not even understand the rules of the game. It’s like standing on the street corner and seeing a guy drive by in a black limo and lament life is not fair for they should be like him without ever knowing what he is really all about.
Yes, gold coins existed since the 8th century BC. However, it was NEVER a gold standard for if that was even attempted, it would have collapsed as did Bretton Woods, the 19997 Asian Currency Crisis, the Swiss-Euro Peg, or the collapse of the British pound in the ERM Crisis that made Soros a fortune. NEVER throughout all the recorded financial history of the world was there EVER a “gold standard” as they keep telling people. Gold floating up and down with the economy the same as the dollar does today – it was always a floating exchange rate monetary system.
There were periods when the gold coinage of Byzantium was debased especially during the Great Monetary Crisis of 1092. The coins that were once gold, we debased to the point they became silver.
Even the ratio of silver to gold was never constant. There were times when new discoveries of silver poured from the mines leading to the decline in purchasing power of the silver. Likewise, there were times when gold became more common than silver. Even during the California Gold Rush of 1849, the purchasing power of gold declined sharply because there was too much of it coming around.
So why do their relentless theories of a return to a gold standard fail and only end up with people losing their shirts, pants, their home, and sometimes their wives? The answer is SIMPLE, yet they cannot escape their own beliefs that have turned gold into a religion. There can NEVER be any FIX EXCHANGE RATE regardless of whether it is gold, silver, bronze, paper dollars, or sea shells – yes they too were money along with cattle and slave girls.
For you see, there is such a thing as a BUSINESS CYCLE. They simply refuse to understand the basic monetary theory or the history of money, which had been many things for over 6,000 years. It does not matter what the money might be at any point in time, it will decline in value as assets rise which we call inflation, and as people need cash and assets decline, we call that a recession. That has ALWAYS taken place regardless of the century, what was money at the time, or the culture. This is WHY there can NEVER be a “gold standard” that will ever survive for that is COMMUNISM where you prevent a recession by eliminating freedom. For you see, Marx tried to stop this business cycle so he confiscated all private assets and even that failed to prevent the business cycle from winning.
Even Fed Chairman during the collapse of Bretton Woods explained its epitaph. The business cycle ALWAYS wins! That simply means gold will rise and fall in value BECAUSE of the business cycle. It is not some scheme to manipulate it. That is part of the natural cycle.
Gold has been around for a long time. In Egypt, they had the first paper money. There were warehouse receipts for the grain you would deposit. Gold was seen as the tears of the god Ra, the sun god. The only person who was worthy to touch it was the Pharaoh. The Celts used gold in ring form, not coins. But throughout the entire history of gold, it rose and fell and had no such FIXED value.
So, as the goldbugs are pushing the latest that Russia is now establishing a gold standard, they do not understand what is really going on. Russia has been turning from Europe and America toward Asia expanding its markets and its economic power even to include India and Iran. Putin has persuaded Middle Eastern oil and gas producers to turn to Asia. Some have accused me of advising Putin in his latest speech everything he said and what he is doing is coming from our models. I do not advise Putin personally. Of course, we have many readers in Russia as well. I was even called by RT about how our model predicted Ukraine would be the hot spot one year in advance.
Biden has destroyed the world economy. I believe that even Bill Browder may be just a front for the CIA pushing this agenda that is actually undermining the West – not Russia. The world economy has been divided in two and it will NEVER return to normal. Putin is very smart. Probably far smarter than any other world leader at this time. Both Russia and China see the world in cycles. In Europe and America, we see the world as linear and that is our downfall.
Lady Margaret Thacher spoke at our World Economic Conference in 1996. She understood about cycles. As she told me that Tony Blair would win well before there were any polls, she said it was “just time.” The downfall of the West is that we do not see the world in cycles. It is Just Time, for the rein of the United States to come to an end.
Even Bill Clinton told Yeltsin after meeting Putin, “He’s a very smart man.” Putin sees the rising power of Asia in what is their Industrial Revolution. Biden’s insane sanctions against Russia have strengthened the bond with China, opposite of what Nixon did. Thanks to Biden’s sanctions, Russia is forging an alternative world order to that of the World Economic Form and its directive to Western leaders. Putin’s move to create a Moscow gold exchange is simply because he cannot sell gold anymore in the West. Putin, hopefully, will not be that stupid and try to fix a value of gold that would only ensure the collapse of Asia and Russia. Gold must be free to rise and fall as it has done for thousands of years.
The Ukrainian army is at least one-third larger than it was last year and some claim it has doubled in size. They have been concentrating their effort, not on the Donbas, but on Ukraine’s Kharkov region. The Russian Defense Ministry has confirmed that Russia has withdrawn its troops from multiple locations across Ukraine’s Kharkov region pulling back to the Donbas in the face of a major Ukrainian offensive in the area. The Ministry has actually stated: “In order to achieve the goals of the special military operation, a decision was made to regroup troops in the areas of Balakleya and Izyum in order to build up efforts in the Donetsk direction.”
The troops that were stationed in the Kharkov area have been “re-deployed” over the past three days pulling back to the Donetsk People’s Republic. It also stated that during its withdrawal, the military had performed a “number of distracting and demonstration activities imitating the real action of troops.” It did not elaborate. It was attacking the Ukrainians to allow the withdrawal with artillery, missile, and aircraft attacks to provide cover. They claimed that they destroyed over 100 armor pieces and artillery and eliminated “more than 2,000 Ukrainian and foreign fighters” in the past three days. The Ukrainian offensive was launched in the Kharkov Region on Thursday, but they were not as successful.
The real problem will emerge with the coming winter and is likely to be a very tough winter. While NATO Secretary General Jens Stoltenberg keeps urging Ukraine to continue fighting against Russia, it puts out this urging saying that otherwise, the country may “cease to exist” as an independent nation. From the outset, Putin did not seek to conquer all of Ukraine. One must wonder if the West is not propagating this war claiming Ukraine will cease to exist unless it fights Russia. That certainly eliminates any settlement or a peace treaty. NATO needs war with Russia and Putin by now has to understand that his real enemy is NATO and the USA. The propaganda fueling this agenda can be seen in the words of Stoltenberg who told the AP:
“If President [Vladimir] Putin and Russia stop fighting, then we will have peace. If Ukraine stops fighting, then Ukraine will cease to exist as an independent nation.”
Stoltenberg admitted that there has been “no sign” that Putin or Moscow is giving up its objectives in Ukraine. He keeps insisting that Russia’s ultimate goal in the conflict is “taking control of Ukraine.” He knows that is not true and perhaps is begging Putin to adopt that goal. If that were true, Putin should do as the USA did in Iraq – (1) take down the power grid, (2) take down the communications, (3) attack the water supply, and (4) attack the food supply.
“Winter’s coming” as they warned in Game of Thrones. Reuters has reported that the flows of Russian gas to Europe via Ukraine were stable at the start of the week. Nord Stream 1 pipeline from Russia to Germany “remained shut and eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany continued at low levels.”
Beware of the feigned-retreat is a military tactic, whereby a military force pretends to withdraw to lure an enemy into a position of vulnerability. Ukraine is now concentrating its forces in Kharkov region. Putin cannot be stupid and with the approach of winter, he should cut off all the gas through Ukraine to Europe and do as Stoltenberg keeps saying. There are two options. Use Tactical nuclear weapons, also called nonstrategic nuclear weapons, are generally designed for battlefield use and have a shorter range than strategic, or long-range, nuclear weapons, which are designed to directly attack an adversary’s homeland.
Herodotus reported that the Ancient Spartans used the feigned-retreat tactic at the Battle of Thermopylae (480BC) to defeat a force of Persian Immortals. Socrates debated a general who said it was cowardly to retreat. Even during the Battle of Agrigentum, in Sicily (262BC) during the First Punic War. Then the Carthaginian general Hanno, son of Hannibal, sent in his cavalry to attack the Roman cavalry and then pulled a feign-retreat drawing the Romans right into the arms of the main Carthaginian army waiting patiently.
Russia sent troops into Ukraine on February 24, citing Kiev’s failure to implement the Minsk agreements that were to provide the regions of Donetsk and Lugansk special status within the Ukrainian state and to vote on their own separation since they were ethnically Russians. That agreement was brokered by Germany and France and was first signed in 2014. Former Ukrainian President Pyotr Poroshenko then admitted that Kiev’s main goal was to use the ceasefire to buy time and “create powerful armed forces.” That is precisely what was done.
The problem now is that this appears to be an all-out war that the West keeps saying Russia is losing. I fear if that were true, then we will be looking at tactical nuclear weapons being used in Ukraine calling the bluff of Europe- Who will be next? Beware of next April and this coming January does not look very quiet on the Western front. The Pi Target from the fall of the USSR comes on April 6th, 2023. The West keeps telling the Ukrainians that Russia is losing and that the overthrow of Putin will bring peace. I fear this is just total propaganda dor the people behind Putin are far worse and think he has been too soft on Ukraine.
Those in college do not recall 9/11/01. College freshmen were only three or four years old at the time of the attack. They do not recall the ongoing search for Osama bin Laden or the frequent briefings from former President George W. Bush. Even young adults beyond college do not recall life before the Patriot Act and the abandonment of our privacy. They have always seen TSA at airports and terrorism warnings. The Patriot Act changed everything, and all Americans were forced to surrender their freedom to the government under the guise of “national security.” National security has been used to justify government surveillance ever since that tragic morning.
This may be why they are comfortable handing over power to government, and tend to vote blue, as they do not know of a life with fewer government restrictions. It is hard to explain how that event shaped the trajectory of America. It was used as a convenient excuse to begin a war that became one of the longest in America’s history. In addition to the 2,996 people who were killed on 9/11, countless soldiers have lost their lives. First responders are still facing the repercussions of the asbestos and debris that caused an array of health issues. Before the attack, America felt it was invincible. Yes, there was Pearl Harbor, but again that event was too far back to remember and was directed at a military base. An attack on American soil at the Twin Towers that signified capitalism in all its glory was completely unfathomable.
For those who do not remember 9/11 – America was a different place once upon a time. I encourage you to dig deeper as the true events that occurred on that day are NOT what they teach in school.
War is an outcome of ideology and economics, and the latter is perhaps the most powerful weapon. As the harsh reality of Europe’s insufferable decades-long efforts to embrace the virtues of climate change begin to settle in, the reasonable adults in the conversation are able to see how their weakness is being exploited by their adversary.
On Sept 7, the President of the European Commission, Ursula von der Leyen held a press conference in Brussels, announcing five initiatives to contain the expensive EU energy crisis: “The goal is clear. We must cut the revenues of Russia that Putin uses to finance this atrocious war against Ukraine.” {Go Deep}
However, Russian President Vladimir Putin made it very clear that any further efforts to weaken his economy, via western sanctions and interventionist efforts against his economy, would be met with retaliation in the form of cutting off all oil and gas supplies to Europe. It appears the Europeans now understand the nature of their vulnerability.
(Via Reuters) – The EU has dropped plans to cap the price it pays for Russian gas.
Energy ministers from the bloc met Friday (September 9) in Brussels. They scrapped plans for the cap after the idea failed to win broad support.
Member states in central and eastern Europe who still get gas from Russia feared retaliation by Moscow. Russian President Vladimir Putin had said he would cut off supplies altogether if a cap was imposed.
However, ministers did agree to claw back revenues from some power producers and will use the money to curb consumer bills. European energy prices are typically set by gas plants. That leaves generators using nuclear, wind or coal raking in revenue, as their running costs haven’t risen as much or at all.
On Friday, some EU nations also argued in favor of a general cap on all gas imports. However, European energy commissioner Kadri Simson said any such move would be risky:
“The general price cap, including LNG imports, could present a security of supply challenge, because the LNG market is a global market. We are not among the three biggest LNG-importing regions or countries, and there is very strong competition in the LNG market and right now it is very important that we can replace the decreasing Russian volumes with alternative suppliers.”
The EU windfall plan will now be fleshed out in the coming days, with another meeting of energy ministers seen possible later in the month. (read more)
President of the European Commission, Ursula von der Leyen previously announced five initiatives to contain the expensive EU energy crisis: “The goal is clear. We must cut the revenues of Russia that Putin uses to finance this atrocious war against Ukraine. And now our work is paying off. At the start of the war, gas from Russian pipelines accounted for 40% of all imported gas. Today it has dropped to only 9% of our gas imports. These are tough times. But I am convinced that Europeans have the economic strength, the political will and the unity to maintain the upper hand,” she said. The United States and Norway are the primary suppliers of gas to the EU to fill the void.
Commissar von der Leyden’s five initiatives included:
(1) Conservation of electricity through forced and mandated cuts in electricity use. The amount of the cut has yet to be determined but reducing demand through forced curtailment of electricity use is the first approach. [Insert California as an example here in the United States.]
(2) A cap on the profit generated by energy suppliers who use renewable energy like wind and solar. The renewable industry has lower costs, yet they are profiting from the top line increase in delivered electricity. The EU commissar is proposing to confiscate the profits of Green Energy suppliers, direct the funds to the member states and then use those funds to subsidize the energy costs of poorer EU citizens.
(3) A cap on the profits generated by traditional fossil fuel energy suppliers (oil, coal, nuclear, gas electricity generation), and the diversion of those profits following the same formula as above.
(4) Banking support and financial liquidity for smaller regional energy providers who are having short term financial issues as they must pay massive amounts of money for the raw material needed to generate electricity. Essentially, the cost of coal, oil and LNG has skyrocketed, and there is a lag between the time they energy company must pay for the fuel source and the time the customer pays the electricity bill. The inbound fuel costs (new) are so extreme the inbound payments for prior electricity (old) are not covering the cost of the new supplier purchase.
(5) A price cap on Russian natural gas. To accompany the increased import of Norwegian and U.S. gas. This sounds like a bizarro effort to manipulate the market which could backfire. If Russian gas is cheaper than EU market gas, the smart energy providers will purchase the Russian gas.
Number five is now scrapped.
Not a single word about increasing the supply of any traditional energy resource. These EU ideologues -bureaucrats within a system that is not representative of democracy- are so committed to the cult of climate change and renewable energy, they are willing to destroy the EU economy in order to lower demand to the level of their windmills and solar farms. However, it looks like alternate, perhaps even sensible people within the EU, are starting to realize the ‘climate change’ ideologues are the real and present danger.
-Record-high inflation
-Proxy war with Russia
-Open borders
-Loss of energy independence
-Looming recession
-Reckless spending
-Woke agenda
-Increase in violent crimes
-Polarized nation
-Compromised elections
-America now seen as vulnerable to enemies
The list goes on and on…
The DOJ-NSD has listed their candidates including:
♦ The Honorable Barbara S. Jones (ret.) – retired judge of the United States District Court for the Southern District of New York, partner in Bracewell LLP, and special master in In re: in the Matter of Search Warrants Executed on April 28, 2021 and In the Matter of Search Warrants Executed on April 9, 2018.
♦ The Honorable Thomas B. Griffith (ret.) – retired Circuit Judge of the United States Court of Appeals for the District of Columbia Circuit, special counsel in Hunton Andrews Kurth LLP, and Lecturer on Law at Harvard Law School.
President Trump lawyers have listed their candidates including:
♦ The Honorable Raymond J. Dearie (ret.) – former Chief Judge of the United States District Court for the Eastern District of New York, served on the Foreign Intelligence Surveillance Court, formerly the United States Attorney for the Eastern District of New York.
♦ Paul Huck, Jr.—founder, The Huck Law Firm, former Jones Day partner, former General Counsel to the Governor, former Deputy Attorney General for the State of Florida.
The majority of the remaining filing lists the agreements of both the DOJ-NSD and Trump lawyers, as well as points of disagreement for how the special master process should continue. The position of the DOJ-NSD is the special master should not review any documents they deem classified or vital to national security, regardless of whether they contain markings or not. The DOJ just doesn’t want anyone to review what they are calling “classified documents.”
President Trump’s lawyers contend the special master should review all of the documents, regardless of DOJ-NSD definitions, and make an independent determination as to the validity of the DOJ-NSD claims, as well as consideration for ‘executive privilege.’
Plaintiff believes the Government’s objection to the Special Master reviewing documents they deem classified is misplaced. First, the Government’s position incorrectly presumes the outcome — that their separation of these documents is inviolable. Second, their stance wrongly assumes that if a document has a classification marking, it remains classified in perpetuity. Third, the Government continues to ignore the significance of the Presidential Records Act (“PRA”). If any seized document is a Presidential record, Plaintiff has an absolute right of access to it while access by others, including those in the executive branch, has specified limitations. Thus, President Trump (and/or his designee) cannot be denied access to those documents, which in this matter gives legal authorization to the Special Master to engage in first-hand review. (filing source)
At the heart of the matter, we find ourselves back in the original place we were in 2017, when we first began discussing the relationship between the DOJ-NSD and the FISA Court surrounding the issue of the Carter Page FISA application.
The DOJ-NSD is an agency within the DOJ that views themselves as beyond any apparatus that would conduct oversight. This is the entire reason why the DOJ National Security Division refused to accept any inspector general oversight from formation until 2020. In essence, the DOJ-NSD quantifies everything they do as vital to the interests of national security, and therefore beyond the reach of any outside entity to review or audit their work.
Using the national security angle, just as the FISA court is a star chamber within the judicial branch seemingly omnipotent and without a counterbalancing check on their power, so too is the DOJ-NSD a star chamber within the executive branch. The DOJ-NSD makes determinations and then says, as in the example of the Trump documents, these things are what we say they are – and you have no standing to question us.
Both the FISA court and the DOJ-NSD operate in the realm of omnipotent power and internal definitions, and the legislative branch doesn’t do anything about it; worse yet, the legislative branch defers to the arbitrary determinations of both.
Within this corrupted and bastardized system, you find the FISC and DOJ-NSD are two of the four pillars that construct the unspoken Fourth Branch of Government. The other two are the Dept of Homeland Security and the Office of the Director of National Intelligence. Few people have yet to grasp what takes place, and fewer still will admit it exists. Yet, the outlines of the political operations that take place within this fourth branch surface frequently.
This is good to see and a little funny at the same time. Since 2015 CTH has been outlining how the MAGA working-class movement is in direct alignment with the values and priorities of Latinos and Hispanics.
More Latinos support President Trump than supported any republican modern in history. In the bigger picture, Latino voters support President Trump for the same reasons the Amish voters support President Trump, the absence of political correctness. WATCH:
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I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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