Who To Thank For Low Oil Prices Just Now? Vladimir Putin.

If ever there was a man, made and destined for the times he lived or lives in, and especially for today’s times, it is the President of the Russian Federation, Vladimir V Putin.

It is difficult to find something worth writing about at the moment (perhaps because there are too many choices) but this story by Tom Luongo (linked below), the full import of which has not yet been realised, cries out to be shared and spread among those who care.  It explains much of the markets mayhem witnessed over the past weeks, in March 2020. 

I cannot claim to have detailed knowledge of the hidden spells and machinations concocted by the wizards and gremlins in the dark places of the global financial system.  Things like ‘repos’, ‘derivatives’, and many other terms with which I am possibly fully unacquainted, so I take what is said on trust in that regard.  But I can understand – and if I can, then I reckon anybody could – the part that says:

“…if there was ever a moment where Putin and Russia could inflict maximum pain on the United States via its Achilles’ heel, the financial markets and its unquenchable thirst for debt, it was this month just as the coronavirus was reaching its shores.”

and (combining a few short quotes),

“On Friday March 6th, Russia told OPEC no … I do believe this move to break OPEC+ and then watch Mohammed bin Salman break OPEC … by doing so in less than a week he has completely shut down the U.S. financial system … It means, in short, the world financial markets have completely seized up.”

then,

“For years Putin has been begging the West to stop its insane belligerence in the Middle East and across Asia. He’s argued eloquently at the U.N. and in interviews that the unipolar moment is over and that the U.S. can only maintain its status as the world’s only super power for so long. Eventually the debt would undermine its strength and at the right moment would be revealed to be far weaker than it projected.”

and,

“Better to take the world oil price down well below U.S. production costs which ensure that Trump’s prized LNG stays off the European market as the myth of U.S. energy self-sufficiency vanishes in a puff of financial derivative smoke.”

finally, the master stroke…

“Now Trump is facing a market meltdown well beyond his capacity to fathom or respond to. While Russia is in the unique position to drive costs down for so many of the people while riding out the shock to the global system with its savings.”

For years, even decades now, the US has been acting as if – and engineering government policy towards further inducing the concept – Russia is weak, unstable, and on its last legs.  Well, Russia may have been in that position twenty to thirty years ago (again mostly a situation engineered by the US and other Western interests), but then along came V.V. Putin.  Thanks much to the efforts of that man and the direction and impetus he inspired, today’s Russia is as far removed from the Russia of thirty years ago – still not having yet reached its heyday horizon – in inverse proportion to how far the US has slipped from its own national heyday somewhere in the middle of last century.

Now, that’s a story.  A story for today. And hopefully, a story for better and more stable tomorrows for everybody who has claim, and can somehow make it through the current and coming mayhem, to see some of those.

Read the whole story here:

“Putin Unleashes Strategic Hell on the U.S.” – Tom Luongo – via The Titanic Lifeboat Academy (with link to original on Strategic Culture Foundation)

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iS tHE vIRUS tHE rEAL pROBLEM?

No, I’m not going loony and my Caps Lock key is not stuck in the down position. The title is for effect only.

I have not written much lately. Mainly because too much has already been written about what is the latest ‘crisis’ confronting humanity, and much of that is just guesswork. The result of which is a dazed and confused public – at least among those having little or no grounding in what energies drive the engine of social order in the modern world.

For my part, I have written about the winding down of social order (civilisation) for a number of years now and while I can make no claims to expertise in the subject, those years of observation have provided me with some reasonably clear image – whether valid or not – as to the nature of those driving energies mentioned earlier. Those images led me to a declaration last year and into this year that 2020 would be a milestone year in terms of the rate of decline – call it collapse if you like – of modern civilisation.

Everything that has occurred so far this year has given me no cause to regret that I made such a declaration. In fact those events tend to reinforce what I said. I won’t make a list. You just need to think back over the events of the past 2-3 months.

A major threat to mankind and one that has over the years figured prominently in the discussion, is the extreme likelihood of financial collapse precipitating a more general disintegration of social order. This risk has increased with each year that governments, mostly Western, have continually propped up their economies (to give the surface impression that they are soundly managed) with levels of debt that are now so overwhelming that they are far beyond the capability of ever being repaid – except possibly by the enslavement of future generations to work for nothing. The skeptic might wish to say such a regime is something the embrionic beginnings of which can be seen right now. Think massive youth unemployment – a generation of future slaves, pharmaceutically motivated. A world where if you re not among the elite, you are ‘on meds’ as a control methodology. Let’s not dwell on that, but move on.

Financial collapse has been somewhat overshadowed (obscured) this year by the increasing effect of climate change and even the ever present threat of nuclear war. There have always been other threats to also consider, including natural resource levels, food and water shortages, even natural disasters like famines, volcanic eruptions, earthquakes, and pandemics. But always, whether arising independently or alongside any or all of the other possibilities for the disruption of social order, financial collapse has lurked, mostly in the background because governments do not want their populations to be alarmed at the state of national financial affairs. They hedge around such issues and pretend to be in control of them, blaming previous administrations for the poor results and for the general impoverishment of the general populace.

Pandemics, for example, coming back to what I meant to be talking about here, have not been thought to be high priority issues, have generally occurred ‘somewhere else’, and have been jumped on effectively and always quite quickly. Not so with COVID-19. There has been a distinct lackadaisical attitude to this virus outbreak. Especially in the West.

So, what’s different this time?

I’m not going to make suggestions on such ideas as this virus was deliberately started, by whom it was started, or whether it might have been accidentally released from somewhere. Those things, for the time being are relatively unimportant.

I do want to make the observation that I think the hype over the virus is perhaps somewhat overblown, and whatever its true origin and whatever its eventual impact – even if it kills a few thousand (already done that), a few hundreds of thousands or a few or many millions as some (even officially) have predicted – the virus itself and the number of deaths it will be found to have caused is, I suggest, not the real problem. Not what we should be worrying about most – as devastating as that might be for those involved.

Putting that in perspective, objectively, we add between six and seven million souls to our population each and every month. So, even tens of millions of COVID-19 deaths will have been replaced, and soon forgotten (by most) within a few months. We can, I hasten to add for any subjectivists who may read this, only look at this situation through objective eyes. Weeping into your coffee can come later.

So, I repeat, what’s different this time?

Have you considered that governments, especially Western governments, may well be overjoyed at the intervention and intrusion of this latest viral outbreak in global affairs, viewing it as a smokescreen for their much larger problem of imminent financial failure? An intervention that provides them with a scapegoat (smokescreen, excuse, get out, object of blame, call it what you will) for what they are well aware is going to befall humanity with a certain degree of inevitability – all other recourses having already been tried and failed – at some stage this year, virus or no virus. A global economic collapse such as has never been seen before and from which there is no, absolutely no, prospect of recovery to a level of social order and complexity such as is known and which some of us enjoy and the rest of us regularly struggle with, today. COVID-19 more than adequately (and for governments, providentially) provides that smokescreen. It also, it may be said, more than adequately helps such a collapse along and could singularly, outside of any other cause, trigger it.

What a boon this is to any and all involved in running our world, to have this fortuitously globally damaging virus event to fall back on, deflecting any blame from themselves for the pain generated on all mankind.

Well, that’s one point of view. It’s mine. And I wouldn’t be surprised if it is eventually found to be fairly close to the mark.

Added after publication:

I posted this around 2am this morning. Reading it back just now, I think it was left a little incomplete. Allow me to add just one more statement.

So, whatever pain and suffering the COVID-19 virus may bring to the world in the next few months – and possibly annually thereafter – that will be incomparable with the greater suffering that will surely follow, and the potential for much larger numbers of casualties, with the ending of a civilisation which could well be stated to have already overrun its time. Yet through that suffering, humanity may, by some lucky chance, find its liberation in a further blessed opportunity to begin again, in a smaller and more simple way. If given the chance, I hope future generations will grasp it with a clearer and less corrupted vision of their role in the scheme of things than any past generation of their forebears have done.

“Going Full Whig” – Kunstler’s Bombshell

It was around midnight when I penned my previous post on Jim Kunstler’s latest article – : Going Full Whig yesterday.  It may not be surprising therefore, that I did not possess the mental acuity at that late hour to fully take in what he was saying. So, here I am, back again, less than seven hours later, having spent a restless night mulling over the words I remember from that piece, taking a second bite of the cherry to try to explain the momentous ideas unleashed by him that may also have passed the casual reader by.

I take you to the last paragraph of Going Full Whig.  Having just suggested that Donald Trump will never be permitted to hold the Republican Party nomination for President and that the party will destroy itself before allowing that to happen and/or engineer the demise of said Donald some time before the election in November through the auspices of the Deep State, Kunstler goes on to say this:

“Or perhaps this is America’s true imperial moment, when all party politics surrenders to the pre-tsunami undertow of events. None of the idiot network commentators or Wash-Po or NY Times columnists seem to notice that the global economy is sinking into a coma, and in so doing is igniting cluster-bombs of default through the financial system. That so far insidious destruction should effloresce exactly around the time of the nominating conventions. The tide will have visibly gone miles out just as Hillary mounts the podium like some bad joke of a national mommy and Trump sits fretting in his Cleveland hotel room wondering how his rococo dreams of glory turned into a shit sandwich from room service. Yeats’s widening gyre is upon us. The biggest surprise of all yet-to-come is that television will fail to explain it. The second coming will not be the reappearance of the celebrity known as Jesus Christ, but rather of the event called the American Civil War.”

This is truly a momentous statement regarding the future of America, not to mention of the world.  It sits well however, with my own view of what 2016 is scheduled to bring about.  I have spoken of it being a year of darkness or the beginning of a Dark Age for mankind.  I used that term because I could not see clearly, and to some extent still can’t, just how this would pan out as the months of the year unfold.  But what I had in mind, among such impending catastrophes as a collapse of global society, trade and finance, was the kind of unrest and conflict that an America at war with itself might instigate.

Jim uses the all too common but unnervingly appropriate allegory these days of a tsunami to illustrate a series of much more than just likely events to occur in this election year.  I am not quite sure how the disastrous eventuation of a collapse of party politics together with destruction of the financial system can be termed a  “true imperial moment”, but I do see how this taking place at the height of Convention Season in the second half of July 2016 could be likened to the “pre-tsunami undertow” and the associated receding shoreline that precedes the return of mountainous waves of destructive forces which would ensue.  A new American Civil War, in that light, does not seem too preposterous a concept to envisage.  A global war, following hard on the heels of that, to fill the vacuum a weakened America would create, would not seem so improbable either.

The terrifying thing is, that is less than five months away, convention season being the second half of July.  Can our cosy and sleepy little world of material comforts (those of us that still have them) be so close to disappearing for ever?

Time To Remove Those Rose Coloured Spectacles

If ever you wanted to see a list of doom and gloom pointers from a wide variety of sources (and I doubt that you ever did) to the imminence of global financial, social, economic and moral collapse leading to a complete disintegration of modern civilisation, then this is it.

This post inspired by: The Automatic Earth: Debt Rattle October 26 2015

Are you once again going to ignore the reports and underlying signs and carry on as though nothing is happening?  Or do you already see this and share with me the relief in knowing that things are coming to a head and that our headlong, thoughtless rush to consume and destroy everything that we can lay our hands on is about to stumble and fall and its suicidal mission to utterly fail and collapse and bury us all beneath the debris of our own doings?

Monsanto, Going Down

This post inspired by: Monsanto to Cut 2,600 Jobs as World Rejects its Products and Practices

Well, the plan, and a whole lot of effort by activists, seems to be working. Monsanto is going down.  I won’t be cheering though.  Not until the receivers move in and shut the whole disgraceful outfit down, for ever.

I reckon that will happen sometime about the same time as the general economic and financial, corporate conglomerate global empire that controls almost every aspect of our lives, collapses.  In other words, most likely next year.

Something Stinks. Odious (or should that be ‘Odorous’) Debt?

How else, by what other means, in what specific way, apart from a Zombie Apocalypse, could a modern global society – yes one like we have now – come to a grinding halt and disappear into the mists of time?

Yes, we all know – don’t we? – about the risks from Peak Oil (which literally means Peak Everything, since nothing runs without it).  We also all know about the risks (not a small thing) of global pandemic, eating away at our capacity to do anything, including survive.  We also all should have by now realised the implications of an out-of-control population explosion and/or climate catastrophe making it impossible to provide adequate supplies of food and water for all, or even most.  We all know that there are many other possible spokes-in-the-wheels of the machinery of civilisation, including collapse of the world’s Financial and Monetary Systems.

Talking about Financial Collapse, an impending event the crumbling edge of which the world has been treading and tip-toeing around for quite some years now, I just came across something that I feel may be, or has the potential to be, the straw that broke the camel’s back, and the thing that brings the whole financial house-of-cards tumbling down – Odious Debt.

A couple of days ago (well it might have been yesterday as I don’t know which side of the world, longitudinally, the writer resides), Zero Hedge published an article on that subject in relation to the Greek financial situation.  I had not come across this term ‘odious debt’ previously – well, why would I, really? – so it piqued my interest.

Firstly, let’s define for ourselves just what the term ‘Odious Debt’ means.  Well, that has actually already been done quite nicely by Wikipedia.  Where would we be without Wikipedia?  Have you donated yet to keep this worthy resource going?

The Wikipedia definition below, and lots of other interesting information on the subject, can be found here: https://en.wikipedia.org/wiki/Odious_debt

“In international law, odious debt, also known as illegitimate debt, is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.”

It appears that the Greek Parliament has established a “Debt Truth Committee” to investigate the legality of the €320 billion debt that has been forced on the nation by the Troika and its own previous government regime.  Read the Zero Hedge article for evidence of this claim.  The aim is obviously to erase some or all of that debt as illegally imposed.  As Zero Hedge states:

According to Greek Reporter, Konstantopoulou has said that the newly established “Debt Truth Committee,” will investigate how much of the debt is “illegal” with a view to writing it off.

The new Greek government has recently claimed that it would would honor all of its debt commitments.  It can still claim to have done so, without paying much or anything at all, if all or most of those debts are declared illegal.

Can you imagine what effect such an action would have on the European banking system?  Banks, already wobbly, would fail.  The Troika would collapse.  The ripples would be felt worldwide.

What is more, what if other nations struggling under IMF and other imposed debt took up the same stand as Greece?  Zero Hedge puts it like this:

If the Greek “Debt Truth Committee” indeed persists with determining how much of its debt is legal and enforceable, and ultimately decides to rescind some (or all) of it, the only question is how long until other countries around the world, all of which are burdened with massive, untenable debt loads across the government, financial and household sectors, decide it is time to do the same and declare a fresh start.

Because as the end of the day, the winners will be 99% of the population – or all those who have been trampled upon by the central banking regime and their crony capitalist, private bank and oligarch backers. The only losers will be that 0.01% of the population which benefited during the past 8 years of what is now obvious to all has been nothing more than a farcical global “recovery.”

In case you missed it in the above quote, here again is the link to the ‘massive, untenable debt load’ currently faced by 39% of all other countries (including Australia).

Oh, I can’t wait to see something like that happen.  What an interesting year 2015 is turning out to be.

On even a whiff of something like this happening, you will need to turn any money, or what passes for money these days, that you have in electronic storage within the banking system, into something more tangible and of lasting value pretty quick smart (and I don’t mean into other paper currency), before your wealth evaporates into thin air never to be seen again.

Take heed.