Muh Russian Sanctions

21 Sunday May 2023

Posted by perrinlovett in Legal/Political Columns

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The Russian army is defeated and the Russian economy is destroyed. Thus, Russia can only plow ahead with the alternative economy, opening a beachhead bank in Iran.

Russia’s second-largest bank, VTB, has opened a branch in Iran, the country’s Trade Promotion Organization (TPO) announced on Twitter on Tuesday.

VTB is the first ever Russian bank to offer services in the Islamic Republic, according to TPO head Alireza Peyman-Pak.

The majority state-owned bank will promote “trade transparency” and play a role in transferring part of its foreign exchange earnings to the banking network, Peyman-Pak added in his tweet.

This bank will help build the RUS-Iran trade corridor, part of the greater Eurasian BRI network. The tell-tale sign of a true shift in global economic supremacy will come when Westerners start to open or try to open accounts in Tehran. I would say “enjoy your freedom fries”, but by the bloated looks of things, Vicky Nuland may have eaten all of them.

More Nothing To See

02 Tuesday May 2023

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banking collapse, economy, nothing to see here

First Republic was in dire straits just a few months ago. All was reformed, and then, poof(!), it teetered at the brink once again. No mind, JPMorgan has saved the day! And, of course, JPM itself, is as solvent as any US bank can be. Read more at the WSJ.

And, hey! Did you hear Vladimir Putin died again. And Russia was defeated Again. And is that a CPC weather balloon?!?!

“Our” Economic Interests

22 Saturday Apr 2023

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China, economy, Janet Yellen, rule of women AND foreigners

Whatever is behind the fake Biden administration does not care at all if they destroy the US economy as they lose the global war to China and Russia.

President Joe Biden will stop at nothing to protect America against security threats posed by China, even if it means damaging the US economy, Treasury Secretary Janet Yellen has claimed.

“National security is of paramount importance in our relationship with China,” Yellen said during a speech in Washington in Wednesday. She gave the example of blocking China from obtaining certain technologies, adding, “We will not compromise on these concerns, even when they force trade-offs with our economic interests.”

Given that these demons hate Americans even more than they hate everyone else, this could be part of the plan. If not, then they must be happy knowing they can cause as much damage as possible while things burn down. It turns out that turning governance of a nation over to women and foreigners is, in fact, a very bad idea. Better voat or something.

A Correct Majority?

18 Tuesday Apr 2023

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economy, USSA

If outlets like CNBC reported real news, then it might be 100% of ‘Muricans down on muh economy. Maybe 110%.

Amid persistent inflation, higher interest rates and recession worries, Americans have never been more negative about the economy, according to the latest CNBC All-America Economic Survey.

A record 69% of the public holds negative views about the economy both now and in the future, the highest percentage in the survey’s 17-year history.

Wait until they learn about deflation. However, one assumes the house wisdom is still (and forever) “buy”.

All Kinds of Interesting

10 Monday Apr 2023

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economy, gold, money, Texas

A gold-backed Texan currency.

Bills introduced in the Texas House and Senate would create a state-issued, gold-backed digital currency.

Enactment of this legislation would create an option for people to transact business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money and create a viable alternative to a central bank digital currency (CBDC).

Sen. Bryan Hughes (R) introduced Senate Bill 2334 (SB2334) on March 10. Rep. Mark Dorazio (R) introduced a companion, House Bill 4903 (HB4903) on the same day. The legislation would require the state comptroller to establish a digital currency that is fully backed by gold and fully redeemable in cash or gold as well. The comptroller would also be required to create a mechanism to use this gold-backed digital currency in everyday transactions.

As the clowns lose control of their dead, gay empire, more and more things like this will happen. It’s a form of soft secession that could eventually lead to free sovereign nations.

The End of the Dollar

05 Wednesday Apr 2023

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dollar, economy, USSA

Happened.

Past tense. READ THIS.

And what will be the consequences of this global event? Our friends at VisualCapitalist.com assert:

Despite these movements, few expect to see the end of the dollar’s global sovereign status anytime soon.

And they’re right. Very few experts expect to see the end of the dollar’s global sovereign status anytime soon. That’s because the majority of experts are too stupid to realize it’s already ended. The meat is already burned and they’re warning us that things might get medium-rare.

Again, and again and again, the debt situation could be rectified in three relatively easy steps. It will be, but in the US, because ‘Muricans are wicked and stupid, it won’t happen until after a nasty war.

Sick with the “Slack Effect”, Etc.

03 Monday Apr 2023

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economy, gen z, jobs

Note that large numbers of all US employees, especially in Gen Z, are sick and tired of their very low-paying and increasingly meaningless jobs.

This is very bad for companies. Low engagement is linked to higher job turnover and reduced profits; Gallup estimates it costs the global economy $7.8 trillion a year in lost productivity. It’s also bad for young workers. If they were simply stepping away from their jobs and finding fulfillment elsewhere, that might be OK. But it’s far deeper than that.

Oh, no! The poor corporations! Won’t someone think of the little corporations?! And what about the banks?!!!

Notice that among the list of things companies can do to “help”, one of them is not PAY PEOPLE MORE! You know, like the $300K per year it would take to live a lifestyle comparable to what the Boomers grew up with. Doing the right thing, of course, would cut into the financial looters cut. So…

This is just the beginning, kids! Keep giving 110% to people who obviously don’t care a wit about you.

The End of the US Dollar

30 Thursday Mar 2023

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dollar, economy

War News 24/7 (Greek) has an interesting compilation of “oh, shits!” in re the bifurcation of the world economy. Read the whole thing.

Ties, Warnings, and Lists

24 Friday Mar 2023

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economy, geopolitics, War

The two leading powers of Sovereign World deeper their relationship this week.

The Joint Statement of the People’s Republic of China and the Russian Federation on Deepening the Comprehensive Strategic Partnership of Coordination for the New Era has been signed and released by Xi and Putin at Kremlin has been signed and released by Xi and Putin at Kremlin. On the Ukraine issue, the two sides stressed talks as solution to the crisis and called for respect for security concerns of all countries in resolving the crisis, the Xinhua News Agency reported. Russia said it is committed to resumption of peace talks as soon as possible.

The two presidents also signed a joint statement on the development planning for the key directions of China-Russia economic cooperation before 2030.

They’re setting up the new, good new world order, within the presumptive timeframe of the death of the old, evil one. Plowing ahead already.

Meanwhile, Russia sternly warns the former British Empire (NATO) that using depleted uranium against Russian tanks will be considered an act of nuclear war. Hey, NATO. Psst! Russia ain’t Serbia of Iraq, FYI.

Also, Russia released the names of the NATO homo heroes wanted for murder and war crimes from the fall of 2022. One would not want to be on that list.