A Kindly, Old Billionaire’s Advice to Millennials

via Medium.com

In the article, “Langone to Millennials Embracing Socialism: ‘I’ll put you on my plane and fly you to Venezuela,’” the arguments of Ken Langone, CEO of Home Depot, leave out many crucial facts and bring up points that are not very relevant. For example, in the interview, he argues that those who are leaning toward socialism should be forewarned that it is not a good system.

First of all, in our mixed economy, we already have socialist elements in our economy and society?—?our post office, our fire departments, our public school system, our military?—?that actually work better than they would if we were to hand them over to independent capitalists to run. And, we also have capitalist elements that work better as independent, capitalist operations than they would if we were to hand them over to the government or to socialist co-ops to run. Even Senator Bernie Sanders, who is an avowed democratic socialist, has said that he did not believe that “the little store on the corner should be run by the government”;

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Davos 2019: As 1500 Private Jests Descend On The Small Swiss Resort, Climate Change Is High On The World Economic Forum Agenda


A private jet stands ready to take its payload of a few VIPs off round the world.

Standing atop a massive pile of money, the elitist looks down angrily at the poor man who merely asks for a pay raise.

In his gas-guzzling private jet, the elitist travels half way around the world to angrily tell the poor man to use less energy:- The Gurning Grandad from Grimsby

Every year leading figures from business, politics and entertainment gather at the World Economic Forum to discuss the world’s most pressing problems. This year’s theme is “Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution”.

The summit itself is a meeting of the global experts and influencers from politics to business, culture and the media. During the week these elite will meet and discuss a range of topics, including the economy, climate change and international relations.

The WEF’s, a bunch of paternalistic neo-liberals like to pretend they are safeguarding the interests of the planet when really all they are interested in is looking after the interests of corporate business and the global elite. Thus their Global Risk Report for 2019 revealed that environmental crises, such as failures to tackle climate change, “are among the likeliest and highest-impact risk that the world faces over the next decade”.

Founder and chief executive of the WEF Klaus Schwab, said it was “humanity’s most existential challenge” and that it “requires urgent global action”. He wrote: “Never has science been clearer in its concern about the risks of climate change and the stress this places on our oceans and other vital ecosystems, including tropical forests and freshwater sources.

“Yet our response to melting glaciers is glacial. While solutions increasingly exist, especially in the energy sector, there is as yet no movement on global action commensurate to the challenge.” Perhaps he thinks we have not noticed that all the solutions the elites amd their pet ‘experts’ have so far proposed involve the working and middle classes sacrificing our lifestyles and pating punitive ‘green’ taxes which are used to fund ‘green’ projects that boost corporate profits and shovel our tax money into the coffers of businesses and the landowners who have put wind farms and solar farms on their property in order to scoop up the subsidies for ‘sustainable’ power that the ‘green’ taxes and levies on our fuel bills fund.

When he says “our response to melting glaciers is glacial,” there is no intended irony in his words, he cannot be unaware that an anticipated 1,500 private jets will descend on Davos and nearby airports in Switzerland this week as the international financial and political elite gathers to talk about how to deal with global climate challenges by making us punters reduce our carbon footprint.

That number is an increase on the estimated 1,300 aircraft movements seen at last year’s forum, despite climate change registering as the top risk factor identified for the global economy then as well. In a survey of World Economic Forum (WEF) movers and shakers last week all placed the need to reduce carbon emissions highly among their priorities, yet none travelled by train and few by commercial airline.

Sir David Attenborough, a lead speaker this year, has already stated that climate is the issue of our time. The veteran broadcaster, 92, used his acceptance speech to tell business leaders and governments to come up with “practical solutions”. Speaking at the beginning of the forum on Monday, the Blue Planet and Dynasties narrator told the crowd he is “quite literally from another age” and warned of “man-made disaster of global scale” that lies ahead.

Were Attenborough have serious about his pleas for the environment, he ought to have used his platform to condemn events like the WEF, the United Nations Climate Conferences, G7 and G20 economic summits and so on. Industry group Air Charter Service calculated the private jet flights over the week, as delegates fly in to hear the likes of Attenborough speak at an event boasting a basic entry ticket price of U.S.$60,000 – per person. Around 3,000 participants are expected for the 2019 edition of the WEF.

Andy Christie, Private Jets Director at ACS, told the Guardian how the numbers are determined: “Davos doesn’t have its own airfield and, whilst we have several clients who fly into the town by helicopter, the four main airfields that private jet users attending the forum use are Zürich, Dübendorf, St. Gallen-Altenrhein and St. Moritz.

Working with WingX, we looked at private jet activity at those airports over the six days of each WEF week since 2013 – from one day before the event to one day after. Last year was the busiest year for private jets so far, showing an 11% increase on 2017, with more than 1,300 aircraft movements. If we see a similar increase this year, we could be looking at almost 1,500 aircraft movements over the six days.

Countries with the most arrivals and departures over the past five years at Davos are Germany, France, the UK, U.S., Russia, and UAE, respectively.”

Demand for private jets far outstrips other events that also loom large on the private aviation calendar, such as the Super Bowl or Champions’ League final, according to Mr. Christie.
“We have had bookings from as far as our operations in Hong Kong, India and the US ?- no other event has the same global appeal,” he said in a statement.

No wonder, those 3000 paying punters will be accompanied by their entourages, persdonal assistants, PR consultants, technical advisers and other people employed solely to make their bosses feel important. And the trend is towards even more expensive, larger private jets such as the Gulfstream GV and Bombardier’s Global Express. This may be in part due the long distances travelled, but according to aircraft industry sources is mainly due to business people not wanting to be outdone by rivals.

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Speaking at the World Economic Forum last week, UN chief Antonio Guterres warned that the world is “losing the race” on climate change as he demanded that governments make bolder commitments beyond the Paris accord. “Climate change is the defining issue of our time”, he told an audience at the annual WEF jolly for the super rich in Davos, Switzerland …

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Two thousand five hundred politicians, celebrities, and business leaders from all over the world gather every year for this “Bilderberg style” meeting. The delegates include 53 people who own as much wealth as the poorest half of the world’s population and representatives of over 1,000 of the multinational corporate businesses all of which are on record as supporting global government and open borders.

THEM (poem with vido)

Living in the surveillance society. Governments keep announcing plans to increase the surveillance ability of security forces, the latest outrage being the proposal that military drones of the kind used to kill civilians in Afghnistan and Pakistan be deployed to overfly British cities taking high definition photos of everyday life.

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Greenteeth archive vol 33

Globalisation, Davosocracy and The Peoples’ Pushback

French writer and political philosopher Renaud Camus, who found fame (or notoriety perhaps,) as the first academic to propose the theory of the “Great Replacement (link goes to French language video),” aired his thoughts to news reporters about the wave of riots and civil unrest that has rocked France over the past two months, giving his opinion that the recent “Yellow Vest” protests are a grassroots reaction against the Davos elite who view working people as worthless “human Nutella.” (i.e. cheap, low grade products.)

Mr Camus warned there might be more substance to the Gilets Jaunes (Yellow Vests) movement, which organised the protests and, according to polls, is supported by 77 per cent of French people , than just dissatisfaction over a rise in fuel taxes, saying it was really about a “lack of respect by governments for the prople,  being treated by managerial politics like an object, a simple product.

“A product, a producer, and a consumer all at once, a thing, a number, not a human being,” Camus said, echoing his view that the elite do noy see the masses as people, individuals with ambitions, concerns and their own intelligent view of the world. This attitude, he claims, is how elitists justify to themselves the destruction of communities as entire industries have been relocated to low labour cost economies, leaving behind what is usually described as ‘the gig economy,’ but which some have described as the ‘waiters and bartenders economy,’ because of the low quality and often part time work available to people rendered redundant as work has migrated east and south, while low skilled, poorly educated multitudes have migrated north and west.

Excoriating the globalist elites, whom Camus refers to as the “Davocracy,” an allusion to the annual World Economic Forum meetings in the Swiss town of Davos, where the rich and powerful arrive in their private jets to meet, enjoy fine foods, rare wines and high class prostitutes and make decisions like the one that is leading to the replacement of educated, intelligent Europeans who ask difficult questions with uneducated, illiterate third world immigrants who can easily be bought with free stuff, Camus claimed the global elites were advocates of the “Great Replacement” saying they supported “the change of people and civilisation for the sake of the industry of man, the economic system which produces the Undifferentiated Human Matter, the human Nutella, spreadable at will.”

Harsh words from Camus, but they contain more than a grain of truth one suspects.

The theory of the Great Replacement, which Camus states. not only refers to mass migration but to the easy and efficient interchangeability of goods as well as peoples (aka the throwaway society,) has been referred to by several prominent French figures including the Mayor of Béziers Robert Ménard, the Archbishop of Strasbourg Luc Ravel, and conservative politician Nicolas Dupont-Aignan.

Hungarian Prime Minister Viktor Orban has also made numerous references to a replacement of European people through migration, and has been widely attacked for his views by Cultural Marxist leaders leaders such as Barack Obama, Angela Merkel and Emmanuel Macron.

More recently, the French department of Mayotte, an island off the coast of Africa, highlighted the “replacement” of their indigenous peoples due to wave upon wave of illegal migrants in recent years. The first European outpost to be totally swamped by illegal immigrants might have been the Italian island of Lampedusa, had the nationalist coalition of Lega and Five Star not dealth a crushing defeat to the neo – liberal consensus parties of the Italian establishment in last years election.

It is happening in mainland France, Germany, Britain, Sweden, Netherlands, Belgium, and Spain. Only Italy, Hungary, Austria and Poland have so far shown and will to resist.

The developed world’s political and business elite, who roll up every year to attend the annual World Economic Forum (WEF) jamboree in Davos, Switzerland, are actually beginning to admit their push for globalisation and open bordershich with the help of leaders like Angela Merkel, Barack Obama, François Holland and hs successor Emmanuel Macron, have contributed to the worldwide populist backlash and the rejection of the mass integration and multiculturalism project, the aim of which was to create a global monoculture.

Harvard professor and former chief economist of the International Monetary Fund Kenneth Rogoff told Bloomberg that following WEF 2016 he “started to grow concerned” then-candidate Donald J. Trump would be elected president of the U.S.A. because the consensus among attendees of the elite gathering Mr. Trump could not possibly win.

“A joke I’ve told 1,000 people in the months since attending that years World Economic Forum is that the conventional wisdom of Davos is always wrong,” wisecracked the former IMF chief who is scheduled to attend Davos again this year along with some 3,000 other members of the political, business, media, and academic elite, most of whom are the same people that so confidently agreed Trump could not win the 2016 Presidential election.

“No matter how improbable, the event most likely to happen is the opposite of whatever the Davos consensus is,” he added.

Davos also failed to predict the rise of populism in Europe, Italy’s rejection of constitutional change that led to the resignation of Prime Minister Mattheo Renzi, or the UK voting to leave the European Union (EU) which Forbes described as the “populist revolt against Davos Man”.

“Davos Man” was coined by political scientist Samuel P. Huntington who described “these transnationals” as “[having] little need for national loyalty, view national boundaries as obstacles that thankfully are vanishing, and see national governments as residues from the past whose only useful function is to facilitate the elite’s global operations”.

One of the eight Oxford University academics set to attend the meeting, Ngaire Woods, dean of the Blavatnik School of Government, said, “There has to be some humility. For 30 years the elite have said, ‘We’re managing globalization, and we’re making it work for everyone’.”

“They cannot just keep repeating that,” added the frequent Davos visitor.

However, WEF founder Klaus Shwab has alleged that globalisation was an “easy scapegoat” for world angst, and argued that populism wasn’t the answer, saying, “We cannot just have populist solutions”.

With populism high on the agenda at Davos, one of the sessions will include a panel of psychologists offering thoughts on “cultivating appropriate emotions in a time of nationalist populism”.

Managing Director of the IMF Christine Lagarde, who was found guilty by French courts in December 2017 of criminal negligence in a case concerning the misappropriation of funds, said she wanted to “rehabilitate the appearance of globalism”. She said she wanted a “move toward globalization that has a different face, and which is not excluding people along the way”.

Lagarde will be chairing a session at Davos entitled: “Squeezed and Angry: How to Fix the Middle Class Crisis” along with hedge fund billionaire Ray Dalio. Days before the EU referendum vote, the French lawyer belittled Brexit voters by implying they were small-minded, called for a “united Europe”, and launched a report claiming a ‘Leave’ vote would lead to half a million job losses.

Also anticipated to attend the exclusive conclave is billionaire open borders activist and founder of the Open Society Foundations George Soros, who admitted involvement in engineering Europe’s Migrant Crisis, called national borders “an obstacle”, and has financial ties to the W. K. Kellogg Foundation.

Other notable attendees include a dozen members of the European Commission including Trade Commissioner Cecilia Malmström, who responded,“I do not take my mandate from the European people” when asked a question by a poverty campaigner regarding the unpopular (and now abandoned,) Transatlantic Trade and Investment Partnership (TTIP) deal between America and the EU, which was opposed by millions of Europeans.

The World Economic Forum (or the junior Bilderberg Group as some call it) held their annual jolly conference at the exclusive Alpine resort of Davos-Klosters where it will cost you €20 (about$22) for a cup of coffee because the locals have to keep chavs out somehow. Two thousand five hundred politicians, celebrities, and business leaders from all over the world gather every year for this “Bilderberg style” meeting. The delegates include 53 people who own as much wealth as the poorest half of the world’s population and representatives of over 1,000 of the multinational corporate businesses all of which are on record as supporting global government and open borders.

One of the most significant discussions held at this year’s Davos powerfest concerned the growing disconnect between middle and working class citizens and the power elites. Everywhere in the world one looks, citizens no longer trust their governments or the legal, medical and academic professions, the science & technology community, finance and the mainstream media:

“If this growing disconnect between governments and citizens is not fixed rapidly, there can be no legitimate, accountable and trusted global cooperation, problem solving or governance.” – WEF Everybody’s Business Report.

And so what have they done? In collaboration with Google, Facebook, Microsoft, Amazon and other internet giants our governments and business elites have embraced the idea of using censorship to suppress ideas and opinions which challenge the official narrative. A UK government promotion, The Integrity Initiative has been exposed as working to ensure any item expressing support for the Assad regime in Syria, or criticising military interventions aimed at effecting ‘regime change’ are made invisible by blocking them in internet searches, ‘shadow – banning’ the content posted by certain organisations and individuals and rather than promoting the truth, which in the case of Syria is that bad as the Assad regime may be, what would replace them, as ISIS have shown, would be even worse, actively suppressing accurate reporting in the public domain and replacing it with politically convenient misinformation.

In their minds of course, we the punters are far too stupid to see through such a ruse and will accept what we are being told and allow the globalisation project to continue unchecked.

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Salvini Visits Poland To Discuss “Eurosceptic Alliance”

Finding himself and other European  Union (EU) leaders opposed to political integration of the bloc into a federal superstate dominated by Germany and France under constant pressure from the increasingly authoritarian EU  commission as it tries to impose its globalist agenda on member states, the de fact leader of Italy’s democratic government, Matteo salvini, is nopt without allies.  Salvini is emerging as the Eurosceptic figurehead for EU member states  that have embraced a more conservative, populist or anti-immigration position or found themselves at loggerheads with the authoritarian, unelected, bureaucracy in Brussels, either through Article 7 threats against Hungary, a rule-of-law investigation into Poland’s ruling party or threats of an excessive debt proceeding against Italy. The leaders of these states finally appear to be banding together to try and push back against Brussels.

According to a report from Reuters,  Matteo Salvini, nominally Italy’s Deputy Prime Minister because the EU, once again showing its contempt for democracy, refused to accept the leader of the democratically elected government,  is planning to meet with the leader of Poland’s ruling party, Jaroslaw Kaczynski, on Wednesday to look at the possibility of creating a “eurosceptic alliance” to contest in the European Parliamentary elections in May, and probably replace the dominant pro – federalism alliance in the European Parliament.

Matteo Salvini

The idea is part of a broader plan by eurosceptic governments that hope to “fundamentally shift the political balance of the European Union after the Europe – wide election.” Salvini’s visit to Warsaw will take place at the invitation of Polish Interior Minister Joachim Brudzinski.

“(The election) will show whether the eurosceptic voices within Europe are on the rise or if the rise has been curtailed for the moment,” said Michal Baranowski, the head of the German Marshall Fund’s Warsaw office.

Salvini, the leader of Italy’s Eurosceptic, anti-immigrant League Party and one of the two men effectively running the country (along with Movement Five Star leader Luigi Di Maio), has repeatedly criticized the EU for meddling in the domestic politics of member states and warned that Italy’s is ready to leave the single currency system. The country was bullied into joining when tying its weak economy to Germany’s industrial powerhouse was always going to result in an economic catastrophe for Italy and both Salvini and Di Maio are on record as saying membership of the Euro has harmed Italy.

The May elections are important for creating a “reformist” bloc that supporters hope can change the EU from within, halting the push towards political union and returning the bloc to its originally stated purpose of being simply a free trade and economic cooperation organisation of sovereign states.


EU Stitch Up To Promote Euronazi Selmayr’s Is Typical Of The EU’s Contempt For Democracy

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The former Prime Minister of little Luxembourg Jean-Claude Juncker to ensure his chief of staff was installed as the new Secretary-General of the European Commission, in what one senior Eurocrat has called “an impeccably prepared and audacious power-grab” at the top of the European Union.

EU “Sounds Alarm” Over New US Sanctions On Russia; Germany Threatens Retaliation
Late on Friday (21/07/17), Congressional negotiators agreed to advance a cross – party bill that would punish Russia for its (alleged) interference in the 2016 election according to the Wall Street Journal. And while it seems improbable that President Trump would sign the bill if it reaches his desk, the loudest complaint about the bill to date has emerged not from the Oval Office, but from US allies in NATO and the European Union …

Fears Over Threat To Sovereignty Could Wreck EU European Army Plan
No they’re not Star Wars Imperial Stormtroopers, they are German soldiers assigned to an international peacekeeping force, showing how like Imperial Stormtroopers a pan European army might look (Image source)

Germany Threatens Sanctions Against Poland Over ‘Lack of Western Values’ (for Western read German)
Last year, Poland’s conservative nationalist Law and Justice party (PiS), led by former Prime Minister Jaroslaw Kaczynski, captured both the presidency and parliament at elections in May and November. Since taking office, the party’s lawmakers have used their parliamentary majority to initiate a series of controversial legal reforms, causing concerns both at home and abroad, specifically in Brussels and in Berlin.


Europe’s Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The Verge Of Failure

… yesterday we observed a surprising development involving Deutsche Bank, namely the bank’s decision to quietly liquidate some of its shipping loans. Reuters reported, “Deutsche Bank is looking to sell at least $1 billion of shipping loans [a market sector] whose lenders face closer scrutiny from the European Central Bank.

BREXIT vs. GREXIT – The Truth About The European Union And How It Treats Members
The only thing that will halt the European Union in its tracks, stop the push beyond Europe’s geographical borders and prevent EU expansion to incorporate Asian, middle eastern and north African nations is war. Unless the testicularly deficient politicians stand up to the bean counters of Brussels. That’s what they are, bean counters; not one among them is a risk taker or a person who has advanced because of their willingness to put their arse on the line.

The Hypocrisy and Snobbery Of The Remain Campaign And The Antidote

When I had to defriend a Facebook contact because she was arguing in favour of the EU, it was not simply because I support Brexit that I had become pissed of with her, it was the snobbish and condescending way she dismissed supporters of LEAVE and their case. People are entitled to their opinion on the European Union, but they should check the ‘facts’ they post in support of their arguments.

Adolf Hitler, His Part In Our Downfall

.pdf dowload
A thirty five thousand word book on the authoroitarian, undemocratic, bureaucratic dictatorship that is the European Union. Following the outburst of left wing hate politics following Boris Johnson’s reminder that the EU has its roots in Hitler’s Naziism, which as any intelligent person is aware is both true and very well documented. My blog colleagues and I decided to assemble this collection of our articles (with some long extracts quoted from public domain and creative commons sources) to help people misled by the REMAIN campaign into thinking the arguments are solely economic.

EU Vows To Use Powers To Block All Elected ‘Far Right’ Politicians From Power
… populist social conservatives are regularly topping the polls across the Europe, but have been victims of EU orchestrated stitch ups to keep them out of power and ddeny the democratic will, in France, Sweden, Holland, and now Austria – and anti-migrant populists are already in power in Hungary, Poland, and the Czech Republic. Mr. Junker’s definition of “far right” is somewhat broad, noted by him previously describing Hungary’s conservative president, Viktor Orbán, as a “fascist”.

EU Vows To Use Powers To Block All Elected ‘Far Right’ Politicians From Power
… populist social conservatives are regularly topping the polls across the Europe, but have been victims of EU orchestrated stitch ups to keep them out of power and ddeny the democratic will, in France, Sweden, Holland, and now Austria – and anti-migrant populists are already in power in Hungary, Poland, and the Czech Republic. Mr. Junker’s definition of “far right” is somewhat broad, noted by him previously describing Hungary’s conservative president, Viktor Orbán, as a “fascist”.

 

 

 

Prominent Hedge Fund Manager Sees Dollar Losing Reserve Currency Status

While the liberal democracies, having allowed Cultural Marxists to infiltrate government at every level and implement socially and economically disruptive policies Ray Dalio, founder of Bridgewater, the world’s biggest Hedge Fund believes now is a good time to reflect on China’s progress towards its goal of replacing the USA as the world’s most powerful nation.

China’s growth as the size if its economy closes rapidly on that of the USA, speaks for itself, but Dalio adds:

“To have such rates of improvements in so many areas and for so many people has made it the greatest economic miracle ever.”

 

And from what Dalio has seen, he believes that the very impressive results that the Chinese leadership and the Chinese people produced came about primarily because of the powerful combination of a) China’s opening up and reforming following an extended period of isolation that led to a fast catching up (especially in the coastal regions of China) with the advanced developed world, and b) the power of the Chinese culture and it’s related ways of operating.

Crucially, Dalio points out that, if you haven’t spent time in China, you need to get any stereotypes you might have out of your mind because it’s not how it was. This is not your father’s communism. It is “socialism with Chinese characteristics” that has been significantly and very effectively reformed, which has made it much more vital, creative, and economically free.

Dalio’s ‘romantic’ view of a paternal China is definitely not the mainstream narrative:

“From my experiences and from what I am told by Chinese who should know, I believe Chinese leadership seeks to run the country the way they believe a good family should be run, from the top down, maintaining high standards of behavior, putting the collective interest ahead of any individual interest, with each member knowing their place and having filial respect for those in the hierarchy so the system works in an orderly way. One of China’s leaders who explained this concept to me told that the word “country” consists of two characters, state and family, which influences how they view their role in looking after their state/family.

One might say that the Chinese government is paternal. For example, it regulates what types of video games are watched by children and how many hours a day they play them. As a broad generalization, when the interest of the country (like the family) is at odds with the interest of the individual, the interest of the country (like the interest of the family) should be favored over the interest of the individual. Individuals are parts of a greater machine. As a result of this perspective, the system seeks to develop, promote and reward good character and good citizenship. For example it gives people a social credit score that rates the quality of their citizenship. And each person is expected to view themselves as parts of the greater whole.

This management from the top down includes visualizing what China 5, 10 and 20 years in the future should be like and then making and managing detailed multiyear plans to build out that vision, with the goal being to make China as great as it can be. China is run more like a giant company with many subsidiaries, some within the government’s direct control and some within its indirect control.

But, as the fund manager notes, while Chinese culture has been evolving, it has at its most fundamental level been operating in similar ways for many hundreds or even thousands of years and the results of operating that way are knowable in an approximate way.

I have recently been researching the rise and fall of reserve currencies, which led me to study the rises and declines of the world’s most powerful countries. That led my research team and me to put together the following indices of the relative powers of leading countries since 1500. These indices are a combination of six sub-indices that measure six different types of power:

1) innovation & competitiveness,

2) domestic output,

3) share of world trade,

4) financial-center size and power,

5) military strength, and

6) reserve-currency status.

…and they show when different countries reached their peaks relative to the rest of the world.”

And to support his position he has put together an impressive set of statistics showing how global and regional powers from Portugal in the west and China in the east, in the late medieval era, rose to economic dominance in the west, and how as Portugal declined to be replaced by Spain, then France, then The British Empire and finally the USA all rose to dominate while they had a stable culture and strong values, and all declined when political factors undermined that cultural stability and government started to medle in private affairs.

China on the other hand, dominated in the east from around 1200 to 1900 CE only being challenged by the British and the Japanese in India from the mid nineteenth century. China’s social system had stagnated through isolation, while Jaoan’s had been revitalised by contact forst with Portuguese and Dutch traders and then US government and business interests.

After the communists took over China’s still stagnant society the nation became even more isolated until the idealist Mao Tse Tung was replaced by equally totalitarian but more pragmatic leaders who opened up the country economically and allowed individualism and enterprise to flourish. The reformed communist party opened up the economy but maintained the cultural stability based on family, community and tradition.

And judging by Dalio’s take on American culture, it is clear where he thinks this is going…

“Most fundamentally, the US is a country in which individuals, individualism, and individual property rights are perceived to be of paramount importance it is directed from the bottom up (e.g., through “one man, one vote” democracies that empower people to choose their leaders), being revolutionary is considered a good thing, and conflict is valued more than harmony.

Rather than respecting top down control most American have a strong preference to keep government from interfering with their most individual choices. Character development is a personal or family issue, not a government issue (which leaves it largely neglected in areas with broken families, especially if they’re poor).

Rather than there being a long-term top down vision for the country and a plan to achieve that vision, in the capitalist and democratic system such directions are more bottom up determined based on commercial and popularity considerations.”

Thus Dalio comes to the conclusion that as the USA continues to fragment socially it’s economic decline will also continue, while the Chinese, bound by their strong and stable culture, will continue to forge ahead, with the inevitable result that the US$ will lose its reserve currency status, something which is already happening as we have reported HERE. Of course, the world’s largest hedge fund manager avoids directly slamming America’s ‘dream’ or supporting China’s central planners:

“I’m not saying which system is better. Each culture/system has its pros and cons that I’m not going to get into now.

I believe that the important thing to know are that while there will be trade wars and trade truces they aren’t the most important things. ”

So, in summary, “it’s not the economy, it’s the culture stupid!”

The Demise Of Dollar Hegemony: Russia Breaks Wall Streets’s Oil-Price Monopoly

Significant moves in the global chess game have just rendered the huffing and puffing of warmonger Obama meaningless and will break Wall Street’s monopoly in controlling oil markets. The move is part of Vladimir Putin’s long-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, in effect …

Naked Bankers Go For Gold

… That gold sale in 2013 was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery (quite a lot of it belonged to the german government) In effect the naked shorting of gold could only work because really the right hand was selling to the left hand.

The Demise Of Dollar Hegemony: Russia Breaks Wall Streets’s Oil-Price Monopoly
In a move that went almost completely unreported in mainstream media, Russia has recently opened a market for the trading of physical and ‘paper’ oil (futures) in Moscow in Roubles. This is the most blatant challenge yet to the domination of the US dollar in world trade.

China launches global yuan payment system
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar’s dominance.

EU and US talk of war with Russia

The European People’s Party (EPP) is the largest political group in the European Parliament, and they are unerringly supportive of America’s efforts to start a war with Russia. “The time of talk and persuasion with Russia is over,” MEP and Vice-President of the EPP told a meeting on Tuesday, 21 April, “Now it’s time for a tough policy, and concentration on defence and security …”

This Is Why The US Just Lost Its Superpower Status According To Larry Summers

As more and more countries flock to join the Chinese led Asian Infrastructure Investment Bank after Britain, France Australia, India and other traditional US allies defied Washington to associate themselves with China’s initiative, conservative economic pundit Larry Summers once a contender for the chairmanship of the Federal Reserve delivered a sharp rebuke …

The True Debt Disaster America Faces – Only A Fraction Of Government Debt Is Known To The Public

Politicians and the media talk about the $17 trillion debt the US Government owes to creditors. They are lying, the $17 trillion is a fraction of what america owes. The real figure is $200 trillon. And Obama’s loonytoons economics are driving that up at an accelerating rate.

U.S. versus Russia War: Top Russian Politics Scolar Stephen Cohen Tells The Truth

We have been blogging for four years about the US drive for war, provocation of Russia in Syria, Iraq, Ukraine and elsewhere made it obvious. But I’m just a news junkie with a strong sense of curiosity and have wondered why the US seems set on this course. Good to see experts like Stephen Cohen, a prominent expert on, Russia are coming onside.

Does It matter If The Dollar Is Replaced?

“Without delving too deeply into Austrian economic and capital theory, just let me point out that money printing disrupts the structure of production by fraudulently changing the “price discovery process” of capitalism. Capital is allocated to projects that will never be profitably completed. Bubbles get created and collapse and businesses are suddenly damaged en mass, thus, destroying wealth. (Zero Hedge)”

What the BRICS plus Germany are really up to in the Currency Wars?

The move led by Russia and China to dump the Petrodollar has escalated into a currency war, not the kind of war we assciate Obama with but give him time. Some wars as in Ukraine, by proxy are not going so well. Others, like the one against Islamic State aka ISIS aka ISIL in the middle east are going worse. Disintegration of The American Economic Empire is manifesting itself in moves by wannabe global players towards creating a multipolar world …

 

Russia Just Sent out a Message NATO Should Better Listen To

The key paragraph from the latest official Russian naval doctrine is that Putin and his military advisers have sent a clear message that NATO encroachment is unacceptable. To be honest, there is nothing earth shattering in this, The Daily Stirrer and many other alternative media news and analysis sites have been warning for about two years that Obama’s foreign policy was making conflict inevitable.

De – dollarization Moves Ahead – Once Again We Told You So,

What Putin Wants

China Warns U.S. to Stop Its Ukrainian Proxy War Against Russia

The World Rejects USA Attempt To Manipulate Venezuela

India’s Ruling BJP Party Crushed In Regional Poll

Another Conspiracy Theory Becomes Fact: Oil Collapse Is All About Obama’s Proxy War With Russia.

G77 Nations vow to destroy petrodollar and America’s New World Order

American Dollar Dumped

Iran’s Oil and the US Dollar

Euronazi Merkel comes out of the bunker at last.

Nation states must today be prepared to give up their sovereignty”, according to The German Chancellor, who told an enthusiatic audience of party members audience in Berlin that nation states must not listen to the concerns of their citizens when it comes to questions of immigration, borders, or even sovereignty.

Hausfrau – Volksfuhrer Merkel – something familiar about that salute?
Picture Source: Wikimedia Commons

If you are thinking this was something said by Adolf Hitler at a Nazi party rally in the 1930s, you would be wrong, the words were spoken by German Chancellor Angela Merkel at an event organised by the Konrad Adenauer Foundation in Berlin. Merkel has announced she won’t seek re-election in 2021 and it seems she now feels sade to come out of the closet and show her true colours in order to push the globalist agenda to its disturbing conclusion of creating a totalitarian world government before she stands down.

In an orderly fashion of course,” Merkel joked, attempting to lighten the mood. But Merkel has always had a tin ear for comedy and she soon launched into a dark speech in support of authoritarianism and the dominance of an academic elite, condemning those in her own party who believe the German government should have listened to public opinion and refused to sign the controversial UN migration pact which seeks to make migration a human right and create a borderless world:

There were [politicians] who believed that they could decide when these agreements are no longer valid because they are representing The People”.

[But] the people are just individuals who are living in a country, they are not a group who define themselves as the [German] people,” she stressed, showing the self righteousness of any Nazi leader or senior officer in Kaiser Bill’s WW1 regime.

Merkel has previously accused critics of the UN Global Compact for Safe and Orderly Migration of not being patriotic, saying “That is not patriotism, because patriotism is when you include others in German interests and accept win-win situations”.

Her words, while ignoring the problems wrought on German society by the consequences of her “open doors” immigration policy, echo recent comments by the deeply unpopular French President Emmanuel Macron who stated in a Remembrance Day speech that “patriotism is the exact opposite of nationalism [because] nationalism is treason.”

The French president’s words went down like the proverbial lead zeppelin with the French population, which is more volatile than the German people, and not only caused his approval rating to plunge even further, but also exacerbated the yellow vests protests which have brought civil unrest to France. French cities have experienced problems similar to those of Germany since the mass immigration crisis began in 2015.

Macron, former Goldman Sachs executive who was given a quadruple charisma by – pass before being shoehorned into the presidency, is now proving so utterly devoid of leadership qualities and is totally incapable of dealing with growing protests in France. In spite of that he has not lost his typically French penchant for delusional self – aggrandising and recently told the Bundestag that France and Germany should be at the center of the emerging New World Order.

The Franco-German couple [has]the obligation not to let the world slip into chaos and to guide it on the road to peace”.

Europe must be stronger… and win more sovereignty,” he went on to demand, just like Merkel, that EU member states surrender national sovereignty to Brussels over “foreign affairs, migration, and development” as well as giving “an increasing part of our budgets and even fiscal resources”.

Merkel meanwhile, has pronounced Donald Trump a lame duck president and despite her own position as a lame duck chancellor leading a minority government, has pronounced herself the new de facto leader of the free world.

RELATED POSTS:

Immigration Germany
New World Order
A Chronicle Of Decay

UN Migration Pact: Which Governments Are Prepared To Sell Out Their People?

by Arthur Foxake, 18 December 2018

merkel and macron, globalist puppets
German Chancellor Angela Merkel and France’s Emmanuel Macron, together they planned to turn Europe into a multicultural utopia, both triggered civil unrest in their homelands.

The United Nation’s Global Compact for migration has sent shock waves through most of the nations in the developed world. Since being discussed and adopted by leaders and opinion makers from around the world at the Marrakech conference in Morocco this month, it has had a very divisive effect around the world and attracted hostility from both the public and their respective governments as wannabe global government The United Nations Organisation seeks to make migration a human right and a vahicle for the replacement of educated westerners in their own native countries with the illiterate masses of the third world.

A clear trend that has emerged since the migration crisis began in Europe after the unelected bureaucrats of the EU imposed an ‘open doors’ immigration policy, ordering members stated to admit anyone who arrived at border control points even if they did not have basic identification documents. Eastern Europe plus Italy, Austria and the Baltic States are resisting this latest push towards Globalism while more prospers Northern and Western European countries alining with the globalist overlords of the corporate – financial cartel.

So which countries are in and who is out? Well the most prominent and influential refusenik is Presodent Trump of the USA, President Putin of Russia and Chairman Xi of China did not even bother to comment on the proposal, their nations will continue to be highly selective about who they admit. And most of the other large poulation nations, India, Pakistan, Indonesia, Nigeria, Brazil, Bangladesh, Philippines and Ethiopia being some examples, are such unconscienable shitholes nobody in their right mind would want to move there to ‘seek a better life.’

Portugal and Spain, both with left-leaning socialist governments, already stated that will sign the pact when the time comes. However both have very unstable minority governments and the withdrawal of support from the ruling coalition by a minor party could change the picture.

In France, the unpopular French president Macron already called the deal ‘a good text’, hinting that he will sign the deal. Macron has more pressing problems right now of course, with the ‘Yellow Vests’ protests causing widespread civil unrest and one of the main causes of discontent among the working and middle class being mass immigration and related social problems.

Across the channel, astoundingly given her problems with Brexit, UK prime minister Theresa May confirmed she would sign the document, as for Ireland, the Irelands prime minister, the pouf Varadkar, recently celebrated that “since 2011 about 120,000 people have become Irish citizens, strengthening our economy, running our public services and enriching our society” clearing any doubt he will keep letting people in through the back door.

As for the Benelux countries, Belgium’s prime minister confirmed he will sign the deal, after much confusion and a heated debate around the pact, the nationalist N-VA party leaving the government puts the ruling coalition under pressure, making Charles Michel the head of a minority government. For several years, since a bust up between the French speaking Waloons in the south and the Dutch speaking Phlegms in the north, the country has teetered on the edge of becoming two separate states.

The Netherlands and Luxembourg are also expected to sign the deal though with strong oposition from rising nationalist parties. Germany’s government under Merkel already backed the controversial document, not much surprises from the same leader who opened Europe’s doors to millions of migrants in 2015, but Merkel too heads a fragile coalition as anti – immigration nationalist party AfD (Alternatif fur Deutschland) continue to gain strength. In her current position Merkel cannot pass controversial legislation and dare not risk an election as the AfD could become the largest party in the German assembly.

The Nordic countries, led by the testicularly deficient Swedes, are expected to join the pact, despite the social problems already experienced by Sweden due to uncontrolled immigration, Norway could surprise pundits, while Denmark has refused, with Danish Prime Minister Lars Løkke Rasmussen stating “The government would never dream of signing something that weakens our ability to implement the strict immigration policies we have in Denmark.” However, Mr Rasmussen will be attending the conference after Denmark’s immigration minister said she wouldn’t attend the gathering, showing a big divide across the Danish government as well.

All 3 Baltic countries rejected the deal, as well as the Visegrad group comprising Poland, Czech Republic, Slovakia and Hungary, following Austria’s example. The populist Italian prime minister Matteo Salvini shunned the deal too while Switzerland had a late withdrawal from the pact after lawmakers insisted they have the final say on the matter.

In the Balkan region, however, Bulgaria already said it would be out of the pact, Slovenia, Croatia and Montenegro already showed themselves interested in joining the deal, Bosnia and Albania already signed the document while Serbia Macedonia, Romania and Greece remain ambiguous at this point.

All in all it looks like being a narrow victory for common sense against the dark forces of globbalism and their efforts to create a world government.

RELATED POSTS:

German Justice Minister Runs From Stage As Angry Audience Members Yell “TRAITOR!”

The peoples’ pushback against European federalisation and genocide of Europe’s white working classes by flooding nation states with third world immigrants continues to gather pace as, with the onset of warmer weather, the flow of illegal immigrants into Europe starts to increase towards last year’s levels.

So Long, Schengen: Six EU States to Resurrect National Borders in Mid-May

The governments of six European state have announced they will reinstate border controls as the immigration crisis starts to gather momentum once more with the onset of warmer weather. The authorities of Germany, France, Austria, Belgium, Denmark and Sweden are in favor of extending the temporary border controls within the European Union, which are due to expire in May, in the framework of the Schengen Borders Code rules, German media reported Saturday.

As UK National Socialist Leader Jeremy Corbyn Corbyn makes ‘socialist case’ for EU …

As Jeremy Corbyn goes over to the dark side and tries to pretend the EU is a democratic, socialist organisation, George Soros reveals his plan to marginalise educated Europeans by flooding europe with ignorant, illiterate third world migrants to provide cheap and easily controlled Labour for industry

A Closer Look At No – Go Zones For Europeans In EU’s Notorious Migrant Districts

In the wake of the latest terror attacks in a European city, (Brussels this time) it seems everybody in the EU except for the politicians and senior bureaucrats whose ineptitude and arrogance caused this mess, is now aware of the scale of problems for European socities emanating from the Islamic enclaves that have been allowed to develop by authorities more interested in being politically correct that serving the people who pay them.

Failed Immigration Policy Threatens Press Freedom In Sweden

Stockholm: Beautiful, civilised Sweden being turned into a third world cesspit by idiotic socialist politics and barbaric immigrants …

Senior German Government Figure Calls For Mandatory Pork Ban In School, Government Canteens

The gulf in attitudes between the political ,business and academic elites and reality is growing wider at an accelerating rate. While ordinary people hold onto the values and traditions of Europe’s 5000 year old civilisation, the elites seeme determined to sell our contintent from under our feet to immigrants who have contributed little but want to impose their religion and customs on us. Here’s an example …

Merkel Isolated As Europe Splits Over Refugee Crisis

With the UK Prime Minister David Cameron still desperately trying to convince his ‘revised terms’ of British membership of the EU are a really good deal, when in fact they will change nothing, our attention should shift to developments elsewhere in Europe.

German Government To ‘Create’ 100,000 Subsidised Migrant Jobs That ‘Pay’ Just €1 An Hour

The German government has announced plans to spend nearly € half a billion on creating 100,000 heavily subsidised jobs for unemployed migrants. Or to put it another way, Hausfrau – Volksfuhrer Merkel is going to pay migrants with taxpayers money to turn up at recreational centers and watch TV or play pool while pretending to do these make believe jobs.

Are The Ruling Elites waking Up At Last To The Problems Cause By Mass Muslim Immigration?

The WEF had been dubbed Bilderberg Lite, a meeting to which the public (assuming they can afford £$€stupid for a cup of very mediocre coffee) is talking about a different matter this time round. Europe’s immigration crisis and the similar though not so immediate problem in the USA, and the likely consequences for the economies of the developed world is top of the agenda.

Immigration omnibus