12 Wednesday Oct 2022
Posted in Legal/Political Columns
≈ Comments Off on Credit(Less) Suisse
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I updated my 10/3 post about the collapsing (Werewestern) world economy. Check that. And know that, even as “your” government and central bank actively shaft and eliminate you, they routinely prop-up and bail out their criminal friends in foreign countries. Lesson: next month, vote EXTRA hard!
24 Saturday Sep 2022
Posted in Legal/Political Columns
≈ Comments Off on Rule By Women and Foreigners
Forget the dreadful story about the idiot UK “conservatives” wanting more foreign welfare dependents and criminals in a time of economic collapse and social chaos. This screenshot from RT, just a picture, says it all:
As I keep pointing out, the UK is about where the US was 40 years ago in demographic terms (its worse in terms of debt and democracy). Now, today, is the time for emergency action. Will a real King please stand up?
25 Saturday Jun 2022
Posted in Legal/Political Columns
≈ Comments Off on Another Option
Yesterday on the PPN weekend special, I suggested a possibility for any sane Westerner who wants to transact real financial business in the future. I said find a plausible third-party nation, still linked to the SWIFT charade but poised to leap to Mir-CIPS. Argentina is now such an option, possibly and potentially.
Argentina wants the BRICS emerging economies to admit it as a full member, President Alberto Fernandez said on Friday at the group’s 14th summit.
“Argentina wants to join this space and offer its contributions as a member of it,” Fernandez said via video link.
The BRICS nations, comprising Brazil, Russia, India, China and South Africa, account for over 40 percent of the global population and nearly a quarter of the world’s gross domestic product.
For what it’s worth.
22 Wednesday Jun 2022
Posted in Legal/Political Columns
≈ Comments Off on Goodbye, Dollar
Wow. A sovereign debtor nation deals appropriately with the modern day money changers.
Russian President Vladimir Putin signed a decree establishing a temporary procedure for payments of external foreign currency public debt on Wednesday.
This, just in time for the death of SWIFT.
Russian President Vladimir Putin said on Wednesday that banks from BRICS nations can freely connect to the System for Transfer of Financial Messages (SPFS), Russia’s alternative to SWIFT.
While addressing a BRICS business forum, Putin said that together with its BRICS partners – Brazil, India, China and South Africa – Russia is developing reliable alternatives for international payments.
“The Russian system for transmitting financial messages is open to connecting banks from the five countries,” he said, adding: “The geography of the use of the Russian payment system Mir is expanding.”
Over 400 Russian and Chinese banks are already linked together. More banks and more countries will join the new, honest system as SWIFT dies. For those in the WereWest looking for a link to the financial future, Russia is almost closed-off for now. Third-tier Chinese banks (Alipay) are a possibility. Also think about institutions that are still part of SWIFT but which are likely to make the jump in a year or three. Israel and Japan come to mind.
This is great news for everyone (except the usual suspects), even for stupid Amerikans too dumb to understand where they are, what they’ve lost, and what they have to gain. Nationalist economics is the future!
15 Friday Apr 2022
Posted in News and Notes
≈ Comments Off on Diesel(ling) Us Out
About those tough, brilliant sanctions.
Amid the ongoing global inflation crisis, NATO heads of state and mainstream media repeat a mantra that high energy prices are a direct result of Putin’s actions in Ukraine since end of February. The reality is that it is the western sanctions that are responsible. Those sanctions including cutting SWIFT interbank access for key Russian banks and some of the most severe sanctions ever imposed, are hardly having an impact on the military actions in Ukraine.
What many overlook is the fact that they are increasingly impacting the economies of the West, especially the EU and USA. A closer look at the state of the global supply of diesel fuel is alarming. But Western sanctions planners at the US Treasury and the EU know fully well what they are doing. And it bodes ill for the world economy.
This is real. If you haven’t somehow noticed, you will. The little farmstand guy I buy some foods from put up a staggering list of the supply price increases he’s facing. This is West-wide and is pushing the economy closer to oblivion. Our economy, that is. There’s a reason why diesel in Russia is less than half the cost per gallon as the same fuel in the US today.
03 Sunday Apr 2022
Posted in News and Notes
≈ Comments Off on The PetroRuble
Tags
economy, gold, Petroruble, Ruble, Russia
It’s real, it’s here, and it’s better.
Saddam, Gaddafi, Iran, Venezuela – they all tried but couldn’t do it. But Russia is on a different level altogether.
The beauty of the game-changing, gas-for-rubles, geoeconomic jujitsu applied by Moscow is its stark simplicity.
Yes. Read that whole thing, if that’s possible. And, read THIS.
05 Tuesday Oct 2021
Posted in Legal/Political Columns
≈ Comments Off on LIVE! From the DC Comedy Club!
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Especially during a decline and fall, one really has to enjoy the humor. This is not a joke:
Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and time is running out. In case of emergency, a trillion-dollar coin could be deployed to bridge any gap between the money running out and the debt ceiling being raised.
How it works: The U.S. Mint, which Diehl ran from 1994 to 2000, already produces a one-ounce Platinum Eagle and has no shortage of platinum blanks already in stock.
Producing a trillion-dollar Eagle would require only the denomination to be changed. “This could be quickly executed on the existing plaster mold of the Platinum Eagle,” says Diehl. Then an automated process would transfer the new design to a plastic resin mold.
Even if Janet Yellen, the Treasury secretary, has no intention of minting such a coin, there is no reason for her not to quietly instruct the Mint director to take those steps a day or two in advance.
Okay, it is a joke. It’s all a big, stupid joke. How stupid? If minted, this single one-ounce coin would debase increase the real, legal money supply by about 1,429 times. It would still only account for roughly (estimated) .0014% of the fake money supply. That’s not an imbalance. That’s a punchline … to a funeral joke.
05 Thursday Aug 2021
Posted in Legal/Political Columns
≈ Comments Off on Testing the Waters
Just mulling some platform planks for something.
Additional refinements later.
01 Sunday Aug 2021
Posted in Legal/Political Columns
≈ Comments Off on Not Necessarily A Bad Thing
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Take this “boo-hoo” story from the WSJ and change a few things.
Democrats argue for taxing wealth like work and are seeking to equalize the top rates on capital income and labor. But the line between rich investors and middle-class earners isn’t always so clear. Some, like Mr. Settle, fall into both categories.
“Wealth like work…” Change Mr. Settle and Bezos to “the Federal Reserve” and suddenly there’s a way to eliminate all debts, eliminate the Fed, and restore real money to the USSA. That, of course, will never happen – until after the USSA completely collapses. So, in just a decade or so, it will be very easy to get rid of the money-changers. Happy August.
12 Wednesday May 2021
Posted in Legal/Political Columns
≈ Comments Off on WUT!!! Duh Fed Sees Infwation?!?!
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Mighty big of them to at least admit what they’re causing.
The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008.
Economists surveyed by Dow Jones had been looking for an increase of 3.6%.
One big reason for the acceleration was base effects – at this time a year ago, the economy was hit with the worst of the Covid pandemic and inflation was unusually low.
Federal Reserve officials see the current rise as temporary and not likely to influence policy.
Only temporary! Over soon! Pandemic!
Maybe the Israelis and Palestinians – all Amerikan and more Amerikan than you(!) – could take the party down to 100 Liberty Street. The Fed’s numbers are always cooked. So 4% inflation could easily mean 6-8%. But … I’m sure they have some brilliant plan. And where’s Sleepy Joe on all this? They could wake him with the great news that gas prices have stopped rising. You know, prices don’t matter when there’s zero supply!
Ah. Third-world Amerika…
PERRIN LOVETT 
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