GLEANINGS FROM THE PASSING WEEK … (Politically Uncorrected)

From the week:

Finance: Edging toward a gold standard (Article)

More finance: The ruble and gold puts the cat among the canaries (Article)

Still more finance: Russian ruble relaunch, pegged to gold and commodities (Article)

The “Great Reset” and what the globalists actually intend (Article)

Education: Teachers secretly provided puberty blockers to pre-teen students (Report)

Inflation: German retailers prices up 20-50 percent (Blame Ukraine, not government) (Article)

U.S. presidential election: Mysterious trailer load of ballots investigation blocked by Attorney General Barr; now blocked by U.S. Postal Service (Report)

Food: An emerging global food shortage? (Article)

U.S. Supreme Court: Nominee Jackson does not support natural rights of individuals? (Report)

Ukraine: Not proceeding per Russian plan (Article)

COVID Vaccination: Pfizer/Federal cover-up of ADE problem (Report)

Air travel: Thousands of flights canceled over weekend (Report) (Not vaccine mandates now?)

u.s. FREEZES Russia’s payments to bondholders (Report)

European Union to punish Hungary for reelecting popular prime minister? (Report)

Russia: Update, including Ukraine and others (Long Article)

The pandemic: New research contradict the government (Report)

 The Church: The anguished internal struggle continues unabated (Report)

The internet: Satellite service race between Amazon and Musk (Article)

Inflation protests: Now, Peru (Report)

COVID Vaccination: New Zealand data shows triple vaccinated more exposed to infection and hospitalization than the unvaccinated? (Report)

Telephone calls: The U.S. Internal Revenue Service agents answer only 20% of calls (Report)

The U.S. Federal Reserve won’t resolve inflation (Article)

The U.S. stock market: A crash of Biblical proportions (Article)

Ukraine is defeated; all that is left is mop-up (Article)

Finance: Russia/China winning the currency war (Article)

Europe is committing suicide (Article)

The pandemic: New Zealand high court ends vaccination mandate: “A gross violation of human rights” (Report)

More pandemic: COVID can have dangerous brain effects (Report)

Chicago: 2 dead, 17 wounded in weekend shootings (Report)

A naked woman was arrested after attacking an old man with a cup of coffee (Report)

And that’s all …

EDITORIAL:         Will the U.S. Choose a Depression or Destroy the Dollar?

                We have no idea which, but one or the other seems built into present financial reality. Irresponsible Congressional deficits have produced unsustainable public debt and a feckless, politicized Federal Reserve has diluted the dollar with overexpansion of the money supply to the point that the dollar is rapidly inflating. U.S. government has brought this process to its denouement by decimating its economy with lockdowns and mandates in the name of a mild pandemic. Financial reality is about to command the stage with a profoundly unpopular performance.

We have some hints: The Bidenfolk and the Fed have both shown interest in a digital dollar; government and non-government trials are occurring elsewhere.  Governmental electronic currency would seem to provide government access to all financial transactions plus the power to control them at will. Such a capability will likely put a premium upon the minimization or elimination of cash, providing governments total control of transactions. That will be a struggle; many non-governmental interests prefer financial privacy. Some will wish to imitate Bitcoin in providing a private exchange medium. Russia and China seem intent upon linking their currencies with commodities to support their value, including in Russia’s case, gold. Gold, silver and other necessary commodities seem more likely to retain value than most of the world’s fiat money as reality arrives …   

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much) Couple of degrees in government, a few medals in figure skating; just reading and suspicion for economics ...
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