The Weekly Watch
Dedollarization
Slowly, slowly, then all at once... the dollar's dominance and the US empire will fall. Will the petroyuan replace the dollar as the global currency? It is looking that way. China sold natural gas to France this week in yuan. Brazil and China are to trade in their own currency and by-pass the dollar. Russia is shifting to the yuan using the Chinese currency to settle accounts globally. Russia and India have been trading in their own currency for the last year. Additionally there's a rush to join the SCO and BRICS+ as nations eagerly try to escape the USD and its poison pill of sanctions.
This is an nice introduction from a few years back...(7 min)
"Change is Coming That Hasn't Happened In 100 Years" - World Dumps US Dollar
Mike continues... "Once the Dollar Loses Reserve Currency Status - There's NO GOING BACK" (12 min)
Chris asks, Are we approaching the END of US DOLLAR hegemony? (24 min)
Could the end of the US dollar be near? We dive into the economic developments of BRICS member states and their potential to challenge the World Bank model. Join us as we explore the BRICS alliance and its impact on global finance, including its role in creating an alternative to the World Bank and the International Monetary Fund.
Michael Hudson explains the situation and roots of the issue. (23 min)
Michael Hudson Explains How Russia and China DEFEATED US Dollar Hegemony
I found his socialism vs oligarchy hypothesis interesting. The entire 2+ hour conversation is here.
Jimmy weighs in too.
China & Brazil DITCH The U.S. Dollar! (7 min)
Neil Oliver: Many are speculating that a final and catastrophic CRASH is coming for the banks... (11 min)
Neil Oliver: Remember when we maintained a simple trust in our High Street banks? How young we were, how naïve... Many are speculating that a final and catastrophic crash is coming for the banks, and maybe it is...
Ask Prof Wolff: Is the U.S. Dollar in Trouble? (9.5 min)
Economist Richard Wolff also says the dollar has lost its primacy.
Alex does a good job explaining why this is happening...
Saudi Arabia joins SCO. China & Brazil trade deal. UAE LNG in Yuan. Lavrov, NATO is fighting
The Duran suggest the US leadership is so focused on Russia and the proxy war in Ukraine that all the other issues we need to deal with are ignored.
Russia obsession drives Blinken to warn India ahead of G20 (22 min)
The other big story to my mind this week is the weaponization of government agencies against the people. The imperialist empire has come home to roost, and we have become the banana republic we once created overseas. One of the many signs the empire is in free fall.
We've corrupted both our domestic courts and the International Court (which we don't recognize). Let's start with the absurdity of Putin's so called warrant for kidnapping children.
ICC’s Putin arrest warrant based on State Dept-funded report that debunked itself
Inside a Russian youth camp condemned by the ICC (13.5 min)
In this Grayzone exclusive, reporter Jeremy Loffredo visits the Donbas Express, a musical instruction camp for youth from the war torn regions of Donetsk and Lugansk, and reveals the reality of a program described by State Department-funded researchers who inspired the ICC arrest warrant for Vladimir Putin as a "re-education" camp.
Then there's the Trumped up case against Trump. It seems everything the incompetent leadership does absolutely backfires. Even Trump’s OPPONENTS Defend Him Against Bogus Indictment (23 min)
After years of telling us the “walls are closing in” on Donald Trump, an indictment has actually been handed down care of New York Attorney General Alvin Bragg. Although the indictment has not been unsealed, the charges likely relate to hush money paid out of campaign funds to adult film actress Stormy Daniels.
Trump is already scoring political points. Watch Trump’s POWERFUL Response To NY Indictment (10 min)
Democrats are determined to criminalize Trump: Glenn Greenwald (2.5 min)
Glenn Greenwald joins ‘Tucker Carlson Tonight’ to elaborate on how partisan prosecutors are doing everything in their power to destroy enemies of the Biden administration and the Donald Trump movement.
Donald Trump Indictment - Politics, Justice or Pandora's Box? Arthur Aidala (NY Attorney) and the Judge (20 min)
Have you caught any of the hearings on the weaponization of government over the last couple of weeks?
“SOMETHING IS GOING ON” | Taibbi’s Thoughts On The Congressional Hearing (16 min)
This week I spoke with Matt Taibbi. The “so-called” journalist shared his feelings on the congressional hearing and where this will lead…Additionally new findings on the Twitter files
How Intelligence Agencies Infiltrated Social Media Companies (15 min) Michael Shellenberger
Meanwhile as all these stories of mass distraction whirl, a nasty piece of control legislation is being ushered through congress, a bill which will add steroids to the "Censorship Industrial Complex". It is called the Restrict Act, and being sold as a bill to get rid of TikTok
How Silicon Valley and Anti-China Cold Warriors Are Uniting to Attack TikTok (18 min)
On March 23, CEO of TikTok Shou Zi Chew testified before Congress, where he was grilled with ignorant and McCarthyite questions. The hearing served as the latest front in the New Cold War against China as Congress seeks to ban TikTok. Amanda Yee, an editor of Liberation News, explains how the hearing fits into Silicon Valley competition and the New Cold War against China.
This bill may outlaw VPN, and whose real purpose is to allow for censoring on platforms like Rumble.
"This bill isn't about banning TikTok, it is never about what they say it is," Fox News host Tucker Carlson told the Daily Caller. "Instead, this bill would give enormous and terrifying new powers to the federal government to punish American citizens and regulate how they communicate with one another."
Jimmy had Pierre Kory on this week to discuss the pandemic failures.
“The Vaccine Injured Have Been Abandoned” – Dr. Pierre Kory (18 min)
Dr. Pierre Kory is in the midst of writing a book about the war conducted by the pharmaceutical industry and medical establishment against Ivermectin. He visits The Jimmy Dore Show to discuss his wealth of knowledge about treating long COVID, vaccine injuries and the myriad dangers posed by COVID vaccines that the medical establishment was well aware of very early on.
Ventilators Actually HARMED Covid Patients! – Admits Fauci (30 min)
Dr. Anthony Fauci has acknowledged that in the early days of the pandemic, patients were too readily placed on mechanical ventilators, with fatal consequences for countless patients. The ventilator tragedy is just one part of the massive mistreatment of COVID patients that also included the pharma industry-driven smear campaign against Ivermectin and Hydrochloroquine.
Neil suggest we have a choice, Tyranny or Revolution (11 min)
‘…our leaders are no longer for us, they’re against us & they’re doubling down on every one of their failed policies!’.
The revolution has started in France. French Protests Escalate – Macron Ready To Back Down! (11 min)
The French protests over President Macron’s bill to raise the national retirement age from 62 to 64 show no signs of abating, and even appear to be growing in Paris and elsewhere. Meanwhile Macron has indicated that he may be open to compromise, but that hasn’t stopped the French from pouring out into the streets, setting fires and generally making their displeasure with Macron’s bill known.
Neil in the previous clip suggests this is NOT just the pension, it is really just a continuation of the "Yellow Vest" protest.
I want to conclude with a clip about the US from China's perspective. The gloves are off and the PR push is under way. The balance of power has shifted and we better accept it or we head to nuclear disaster. (less than 2 min)
From the very beginning, the U.S. has been a nation of plunder: genocide of Native Americans, the key role of African slaves in building wealth, coups against democratically-elected governments to ensure access to natural resources ... Piracy is written in its genes.
There's more news, but we've gone on long enough today. Riding the slide of empire decline is unavoidable. Get your financial house in order. Be sure to keep a stash of cash at home. Might be a good year to plant a garden. We've got our spring garden planted and are starting our summer crops like sprouting sweet potatoes for slips.
I look forward to your comments, stories, and ideas below. Have a great Sunday!
Comments
Good morning ~
Re: the demise of the dollar -
https://www.marketwatch.com/story/most-u-s-banks-are-technically-near-in...
also -
The Imperial Fed
https://www.phenomenalworld.org/analysis/the-imperial-fed/
With the unserviceable $32 Trillion national debt, the fed has no other option
but to print more money. Which leads to more inflation. The value of the
dollar is taking a beating on the international markets due to countries
no longer using it as a reserve currency. While the fed fiddles with interest
rates.
Once the theft of foreign resources is held in check by more powerful
countries, the US will have to sell off their war toys to pay the bills.
Anyone want to buy a slightly used F-35?
Thanks for the watch LO!
Bankers do bank
they have no other master than money and profit.
If instability is the most profitable course, that's what they do.
It's in their nature, the end always justifies the means.
time to re-institute Glass-Steagall
https://www.history.com/topics/great-depression/glass-steagall-act
and separate banks from gambling casinos labeled as banks.
Thanks Clinton.
“Until justice rolls down like water and righteousness like a mighty stream.”
Balancing the cooked books
Banks are almost effective in 'papering-over' their gambling games.
I think F35's are our primary export...
I posted a piece a week or two ago suggesting capitalism requires war to function. If so it is time to alter our system.
No matter we are a war based economy and I think the proof in the pudding is a failure. Homeless folks under crumbling bridges comes to mind.
Hope all is well and the boats are all afloat!
“Until justice rolls down like water and righteousness like a mighty stream.”
In most ways
capitalism itself is war. There are more ways than bombs or guns to bring a populace to its knees. It worked well in the USA.
controlling the media megaphone ...
Provides the propaganda...dished out on the regular. Another important means of control. A war on us.
“Until justice rolls down like water and righteousness like a mighty stream.”
No reverse gear
Since all the players at this table aren't playing with their money and they are competing only with others exactly like them, they have no reason to cut their losses and quit the game. They just increase the table limit and continue. To them it is just a game.
Meh, I very much agree with your final advice.
I took note of this statement:
In December on the eve of the widespread cf I am convinced I was infected, having the most terrible respiratory symptoms I have ever had. My wife wanted me to do the hospital route. I refused. It turned out to be the best choice.
Be well. Thank you.
My hypothesis is...
stay away from the sick care system to stay healthy. Eating correctly is a big piece of the health puzzle.
Food As Medicine is a documentary film that follows the growing movement of using food to heal chronic illness and disease.
Hope you dosed with vitamin D and zinc in your sickness. Sadly the message of it's effectiveness was never promoted. Nor was iodine mouthwash and nasal spray. I wonder how many people would have been saved with that simple inexpensive approach. Glad you recovered and are doing well!
“Until justice rolls down like water and righteousness like a mighty stream.”
Hospital Stays
As someone who had 2 trips to the hospital in less than 6 months, my advice is also to stay out of there if necessary. Although I got really good care the first time in June, in November I told them to unhook me because I was going home. Partly because it was understaffed and they were overworked due to all of the people who were in for flu or colds. One CNA told me that she had 19 patients to look after. On top of everything else, I also left there with a cold that took me 2 months to get rid of
For profit sick care...
Glad you went home. Stay well. And I want to add another plug for Vitamin D and zinc plus I'll add Vitamin C especially for a cold.
The nurses are not to blame...they are overworked and mostly underpaid.
Take care!
“Until justice rolls down like water and righteousness like a mighty stream.”
Vitamin D
For us women of a certain age, many of us are advised to take extra calcium to prevent bone breakage. Most of them also have Vitamin D in them. I believe that's what helped me when Covid came around.
Black Pink-Lady Gaga "Coup d'etat" in South Korea
(Source- 오마이TV youtube, 3.1) [박정호의 핫스팟] "김성한은 김태효의 걸림돌" 김종대 "김태효, MB 때도 그러더니..." Kim Sung-han- Kim Tae-hyo's obstacle (rock on the path). (Left) Jim Jong-tae. (Right) First Deputy National Security Advisor Kim Tae-hyo.
Without going into every wrinkle of the plot, suffice it to say, that the March massacre in the Presidential Office's foreign policy/national security staff has roots in the Lee Myung-bak administration. Allegedly, at that time, according to South Korean political analyst Kim Jong-tae, then President Lee, was allowing secret negotiations with North Korea to improve relations. According to this account, Kim Tae-hyo, on the presidential office staff, persuaded MB to break off secret talks with North Korea. Kim Tae-hyo at that time, contended in so many words, North Korea was a "failed state," to which no diplomatic acknowlegement was warranted. Kim Tae-hyo was advisor for international planning on President Lee's staff. After the breach in North South talks, the North carried out the attack on the South Korean naval ship Cheonan, which sank with the terrible loss of 46 sailor lives. Relations with the North naturally continued to deteriorate. Later in 2010, North Korea attacked Yeonpyoeng island with artillery causing more loss of life.
Allegedly, it was Jill Biden who proposed the performance of the respective popular music superstars at the US Presidential summit state dinner for President Yoon. This is the cover story which serves as the pretext for the elimination of foreign policy and national security advisors in Yoon Seok-yeol's Presidential Office. Ostensibly, the proposed entertainment for the state dinner was opposed by the diplomatic protocol secretary, Kim Il-beom, the foreign affairs secretary, Lee Moon-yi, and the national security secretary, Kim Sung-han. Naturally, such plans would be within the scope of the protocol secretary's duties. Yet, all were sacked during the month of March, by Yoon. Ostensibly, they offered their resignations. Basically, the notion of such musical entertainment during the planned state dinner for the two presidents, was regarded as singularly inappropriate and the proposals for such were actively opposed by the protocol secretary and ignored by the foreign policy and national security secretaries. The story line is that the staff's failure to notify Yoon of this "important issue" was an affront to the US and required the negligent staff chiefs to be sacked. Another back story is that dispute arose because the US, the inviting state, was requesting that the guest state, South Korea, pay for the affair, or at least Black Pink's performance. Further, that Black Pink was not available because of touring conflicts.
Acccording to some analysts, some or all of the story is nonsense. It is much more probable, considering the "vulgar" nature of such an inappropriate performance at a formal state dinner, the most likely source of these requests was artsy, fashionista wanna-be, first lady Kim Gon-hee. When her proposals were ignored by the presidential office staff, she took a hissy fit. In league with Kim Tae-hyo, the incident was developed into a rationale to remove the influential presidential office staffers who may have resisted the total capitulation to Japan during that state visit as politically unwise, and who posed a threat (stumbling block) to future "Indo-Pacific" and "trilateral alliance" diplomatic meetings still to be played out in Washington and Japan.
Kim Jong-tae is likening the current South Korean diplomatic capitulation to the US and Japan as analogous to the capitulation of Chosun ministers to Japan at Eulsa in 1905, which resulted in the forty year loss of Korean sovereignty and incidentally the Dokdo islets which figured in both the Russo-Japanese war and a recent "tri-lateral" naval exercise in the West Sea/Sea of Japan. On the day of the US-Japan-ROK naval exercise, Japan publicly celebrated its territorial claim to Dokdo occupied by South Korea since the 50s. Reportedly, Kishida even raised the Dokdo territorial dispute with Yoon at the recent summit, and Yoon failed to comment on it. Analyst Kim Jong-tae referred to his presentations on the current state of South Korean diplomacy as a "history lesson."* According to Kim, the ominous nature of the diplomatic slide of South Korea into the framework of US-Japanese imperial patterns of the past, is the result of the damaging radical influence of Kim Tae-hyo on South Korea's foreign policy.
*History Journal lesson - Advice to South Korean Leadership? 11.27.2018
https://civilizationdiscontents.blogspot.com/2018/11/history-channel-les...
Naturally, the purge of the diplomatic, foreign policy and national security chief advisors in the Yoon presidential office, so soon before Yoon's US state visits and a key series of subsequent diplomatic events, displays the erratic and incompetent aspects of the current Yoon administration, which render it so remarkly submissive to the old imperial duo of the early 20th Century, Japan and the US. Yoon's humiliating diplomacy is unacceptable to the overwhelming majority of South Korean people. Polling indicates public disapproval ranging from 60 to 70 percent. Demonstrators and more significantly democratic opposition politicians openly refer to Yoon as a traitor and invoke the tradition and legitimacy of the independence movement which they say Yoon has betrayed. Kim Jong-tae also pointed out that the recent firing of Kim Il-beom, who went to the same high school as Yoon, indicates the overbearing influence of the ignorant and vindictive First Lady, as well as the undue influence of Kim Tae-hyo, the second ranking official in the president's national security office. The latter, is undoubtedly committed to pro-Japanese and pro-US policy objectives without any reservations. The purge precipitated by him and the easily manipulated First Lady, are likely to exacerbate the crisis with North Korea to a new more dangerous level, if past performance is any indication.
Meanwhile the US media remain noticeably quiet concerning a diplomatic row ostensibly fomented by "seven requests" from Jill Biden, that went unanswered, and the unprecedented and untimely purge of South Korean presidential office officials that followed.
Cho Tae-yong, Korea’s current ambassador to the US, was appointed to replace Kim Sung-han. So the position of South Korean ambassador to the US, is now vacant.
語必忠信 行必正直
What in the world does Jill Biden have to do with
foreign affairs, I wonder? Does she have any qualifications besides being a Biden?
The Biden clan already seem be up to their necks in clandestine operations.
See Ukraine and China for example. Like the Clintons continue to do in Haiti.
Perhaps it is better for the State Department to not have an 'ambassador' from
South Korea. Rahm Emanuel seems to be doing a real screw-up job in Japan.
Thanks for keeping the fires going on our Korean awareness front.
Word I heard...
Jill is the head of the Biden crime syndicate.
“Until justice rolls down like water and righteousness like a mighty stream.”
One account in English
...that I read, said it was Joe who made the request. That would be even funnier. I thought perhaps Kim Gon-hee made the suggestion to Jill at a prior meeting.
Thanks for appreciating this story QMS. I spend several hours on it. It kept my mind off of this troubled world. Bordering on comic relief. Kim Jong-tae has a good sense of humor, but I think he meant every word in his report. I listened to two of his commentaries on this situation and also one by Sisa GonGon. I also looked at several English language South Korean media reports.
語必忠信 行必正直
Thanks for the interesting story...
US allies all seem to be submissive incompetents. It is like the Peter Principle on steroids.
Our leaders have reached the top of the ladder.
“Until justice rolls down like water and righteousness like a mighty stream.”
Thanks for the WW, LO
amerika in of itself is nothing now but a hedge fund that
only looks after the MIC/WS/SV Axis of Evil. Profits are
all that matters and everything else has been turned into
shit.
This Chris Hedges meme never gets old, though I keep hoping
that one day it might no longer be fact.
I never knew that the term "Never Again" only pertained to
those born Jewish
"Antisemite used to be someone who didn't like Jews
now it's someone who Jews don't like"
Heard from Margaret Kimberley
Ray McGovern...
calls it the micimac...military, industrial, congressional, intelligence, media, academic complex. Seems about right...
Some good stuff in today's edition
https://www.theautomaticearth.com/2023/04/debt-rattle-april-2-2023/
Hope all is well in your neck of the woods!
“Until justice rolls down like water and righteousness like a mighty stream.”
the crapifing of america is part of the plan
Lowers expectation, I guess?
I like your analogy of the state:
Hey, we're number one!!!
in lots of categories, like number of people in prison, most pollution per capita, and imposing sanctions. Take that you Putin shill!
“Until justice rolls down like water and righteousness like a mighty stream.”
I am going to add this image as I check out the contents of
this essay.
excellent!
The train left the station!
“Until justice rolls down like water and righteousness like a mighty stream.”
Batshit Crazy Society
Covid and Ukraine are obviously not success stories, but instead show the weirdness of our social order that punishes our own people to fight the "enemies" of contagion and Putin. Instead of trying to disprove the specific lies told about both of these crusades -- I think we should focus on how badly both campaigns have gone, based on their own stated goals. As of now, with incessant TV commercials urging us to get our booster jabs and to donate money to help the afflicted Ukrainians, nobody can claim that the campaigns have succeeded.
In fact, when viewed from the widest possible angle, both efforts show themselves as bat-shit crazy.
MAKE AMERICA RATIONAL AGAIN
I cried when I wrote this song. Sue me if I play too long.
I love the idea...
but it is hard to swim up the proverbial creek when TPTB have the gates of the dam wide open.
I said for years as a classroom teacher that the goal isn't thinking people but obedient ones. Hey, maybe we were successful at something?
“Until justice rolls down like water and righteousness like a mighty stream.”
If it were easy it would be done already
How many centuries did it take to bring the peculiar institution of slavery to its legal abolition?
Regarding the role of eduation as creator of obedient replacements for freed slaves, you are right -- it makes the task ahead that much more difficult but no less necessary. All organizing starts from this point.
I cried when I wrote this song. Sue me if I play too long.
Depending on how you read the laws
slavery is still legal. Look at prison labor. Try debt slavery. it's all good for the rulers.
Change the wording of many issues today, you will find slavery the unspoken one.
Tech, AI, military, coups, WEF, WHO, CIA. It's all about keeping slaves.
Legally ? perhaps. Morally and in practice not so much.
Celente calls the US
Slavelandia. I've been calling it Neo-feudalism. Serfs and slaves.
Well it is what it is, but we've had a good ride.
“Until justice rolls down like water and righteousness like a mighty stream.”
Point well taken
"abolishing" slavery with the 13th Amendment did not deprive the owners of America of anything irreplaceable. That only buttresses my point that it is always hard to get anything changed.
People with power tend to maintain it.
I cried when I wrote this song. Sue me if I play too long.
This reminds me of a quote
....I saw the other day:
.
H.L. Mencken had wrote great quotable observations:
.
This must be the explanation for the delusion, gullibility, and lack of curiosity that has flatlined the thinking of Americans. We can only count on them to return to the fold and vote with the herd for the wrong reasons. Which reminds me of another quote I spotted about War Crimes:
____________________
The political system is what it is because the People are who they are. — Plato
Ernie should know
He got involved in World War I, not as a grunt (too nearsighted) but as an ambulance driver, so he would have seen a lot of the worst results of it. (He was also too proud to be photographed wearing eyeglasses, so the few shots that show him with them are all candid and mostly from the side or rear.)
There is no justice. There can be no peace.
Are any elections in the collective west "true elections"?
I ask for France seems to have gone down the neoliberalist's
shithole
https://edv1694.substack.com/p/the-french-election-and-the-amazing
I never knew that the term "Never Again" only pertained to
those born Jewish
"Antisemite used to be someone who didn't like Jews
now it's someone who Jews don't like"
Heard from Margaret Kimberley
France and all the EU are in for a ride...
The US too.
Thousands of Slovenian farmers join Dutch-led tractor protests – end the EU green agenda now.
Let's hope they make some headway.
“Until justice rolls down like water and righteousness like a mighty stream.”
The EU is captured by the DC/WEF oligarchs
The only way out is for people everywhere in the
collective west to kick out tptb who are leading us to
disaster.
I never knew that the term "Never Again" only pertained to
those born Jewish
"Antisemite used to be someone who didn't like Jews
now it's someone who Jews don't like"
Heard from Margaret Kimberley
An even more accurate word would be "ghettoes" n/t
There is no justice. There can be no peace.
It seems as if Ukraine seems to be begging for new type of
retaliation as a result of this action.
George Galloway refered to it...
as a Trojan horse assassination. TPTB are desperate.
“Until justice rolls down like water and righteousness like a mighty stream.”
the ukraine begs for something all the time /nt
They need to feed ...
the grift.
Remember Hunter's no-show job on the Ukrainian oil board? Want to bet the Biden's own a cut of the Ukrainian pipeline feeding oil to the EU? No wonder they wanted to blow up your Nord Stream alternative.
Thanks for the visit!
“Until justice rolls down like water and righteousness like a mighty stream.”
I take no pleasure in reporting this as I likely will be
directly impacted.
What are you going to do about it Joe?
https://www.bnnbloomberg.ca/opec-output-cuts-aren-t-advisable-right-now-...
what the US Govt. intended by draining reserves
was a distraction to get the administration thru the mid terms
ain't gonna help in the general next year, it seems
maybe the mideast is no longer willing to help uncle sam
with their political games
the bears and dragons are better partners anyway
Joementia ain't got it under control
Pretty good commentary from a legal perspective. I think you an rewind to the Trump case.
“Until justice rolls down like water and righteousness like a mighty stream.”
What are our concerns met with?
Sounds of silence?
The Sound of Silence was originally released as "The Sounds of Silence" in 1964 by Simon and Garfunkel, and Toni and I have been planning to do this one for literally years now. I'm glad I finally got to realize my dream of becoming Art Garfunkel, at least for a moment. Also, I had never heard Disturbed's version of this song until looking it up in preparation for this video, and astoundingly, it seems more people know that version than the original! They're both worth a listen.
Not me I've been a S&G fan since my youth and think of them with this one. Good night and sweet dreams.
“Until justice rolls down like water and righteousness like a mighty stream.”