Geo Political Risk

[Waltzing]

This what Inter - cepting something looks like... can an expert on explosions tell us more please... boy thats more smoke than a gathering of street racers on a saturday night could generate in south auckland ..... or the WAKATOOO.

kb.JPG

[moka]

The very knowledgeable Jim Rickards talking about the future of the dollar as a reserve currency.

https://www.youtube.com/watch?v=88pP53lcBwQ

Jim Rickards: Western Economies About To Slam Into A BRICS Wall?

When you let Saudi Arabia into the BRICS you have two of the three largest oil producers in the world Russia and Saudi Arabia. You have two of the three largest nuclear arsenals in the world Russia and China. Throwing India in and some others you have about 50 percent of global population, 54% of global GDP using purchasing power parity. Well, this is not the old third world these are not basket cases. These are many of the biggest economies in the world that collectively have enormous power natural resources, gold reserves, land mass, population, military.

I want to make two points, one BRICS is 17 years in the making, it's not an overnight thing they've replicated the World Bank, they replicated the IMF now they're coming out with a new currency now.
BRICS in 2002 - Brazil, Russia, India, China, and in 2010 added South Africa.
In 2006 at the United Nations General Assembly in New York annual meeting they formalized BRICS. In 2009 they had a Summer Conference and said we're a group, we're going to work together and they did and over the coming years they multiplied numerous subgroups.

The BRICS meeting coming up August 22nd that's the leaders’ summit. They have about 190 meetings a year. They have working groups on women's rights, sports, the environment, climate change …. it's a very active.

In 2014 they formed what they call the New Development Bank NDB = well it's a world bank.
The following year they created something called the Contingent Reserve - that's the IMF, so basically they copied the World Bank, they copied the IMF. This has been in the works for 17 years. Seven countries have formally applied for membership and then another 13 or 14 are on the waiting list.

The United States has the only bond market big enough to absorb global savings. The U.S treasury market is huge, it is liquid, but above all it has the rule of law that people just trust it. The U.S in response to the war in Ukraine broke the trust, they froze the U.S treasury assets of the Central Bank of Russia. Unprecedented.

47:05 This process is an exact duplication of the process that John Maynard Keynes went through with Bretton Woods and he was ultimately unsuccessful, he was overruled by the United States. He wanted a world money. He was against the idea that somehow only the dollar would be tied to gold and everybody else would be tied to the dollar.

[Waltzing]

world coin is called bit coin and its unstable... world markets unstable as G Soros says...

Jim should join the rolling stones... looks perfect as a guitar player...

https://www.youtube.com/watch?v=RbmS3tQJ7Os

[GTM 3442]

Things that go bang in the night. Stalin is doing about 5,000 RPM.


https://www.washingtonpost.com/inves...hahed-alabuga/

[Waltzing]

The biggest property market in the world...

https://www.telegraph.co.uk/business...ore-dangerous/

[Waltzing]

Yes about time people... China has been the BIG E in the room for a while ... those little red bank accounts ...

https://www.stuff.co.nz/business/132...china-downturn

[Waltzing]

DW publishA new cold war on the Baltic emerges that go on for decades to come. European military budgets will have to increase as US backing may well soon wane.


https://www.youtube.com/watch?v=EVYFG8QOaTc

[moka]

President Franklin Roosevelt’s “four freedoms” became the basis of the United Nations Charter: freedom of speech, freedom of worship, freedom from want, and freedom from fear. The United Nations has lost its way. It has been hijacked by countries and corporations to promote interests other than the aim of maintaining international peace, and it is derided by many.

https://edition.cnn.com/2023/09/19/world/un-secretary-general-guterres-2023-intl-latam/index.html?mc_cid=bed03ee23d&mc_eid=56542aeee8

United Nations Secretary-General Antonio Guterres has warned of a looming “Great Fracture” in the world, describing existing global governance structures as failing to serve a changing world.
“We are inching ever closer to a Great Fracture in economic and financial systems and trade relations,” he said. “One that threatens a single open Internet, with diverging strategies on technology and artificial intelligence, and potentially clashing security frameworks.”
“We have a level of division among superpowers that has no precedent since the Second World War.”

https://www.politico.eu/article/antonio-guterres-donald-trump-clash-united-nations/?mc_cid=bed03ee23d&mc_eid=56542aeee8

Guterres said. “I fear the possibility of a great fracture: the world splitting in two, with the two largest economies on earth creating two separate and competing worlds, each with their own dominant currency, trade and financial rules, their own internet and artificial intelligence capacities, and their own zero sum geopolitical and military strategies.”
“We see wide-ranging impunity, including for violations of international humanitarian law,” Guterres said in his speech. “New forms of authoritarianism are flourishing. Civic space is narrowing. Environmental activists, human rights defenders, journalists and others are being targeted.

[moka]

Corruption is as American as apple pie

https://www.aljazeera.com/opinions/2023/9/28/corruption-is-as-american-as-apple-pie

As the old saying goes, power tends to corrupt.
According to US mythology, of course, corruption is entirely the business of other, less civilised nations – particularly enemies of the US – that lack the proper commitment to democracy, the rule of law, and all that nice and noble stuff
On September 22, influential United States Senator Bob Menendez was indicted on corruption charges along with his wife, Nadine. It is the second time Menendez, the chairman of the Senate Foreign Relations Committee, has faced such charges.

To be sure, Menendez is hardly the only bad apple in this pie. Take Clarence Thomas, the US Supreme Court justice whose corrupt exploits have been thoroughly investigated by the New York-based nonprofit ProPublica.

That anyone can still apply the term “democracy” to the US with a straight face is, meanwhile, a testament to the corruption of language itself. After all, you can’t very well have “rule by the people” in a country where the Supreme Court reverses campaign finance restrictions and political influence is transparently up for sale.

[moka]

https://www.aljazeera.com/news/2023/10/9/whats-the-israel-palestine-conflict-about-a-simple-guide

What’s the Israel-Palestine conflict about? A simple guide
It’s killed tens of thousands of people and displaced millions. And its future lies in its past. We break it down.