What's More Terrifying?

61
Thu, Jul 10, 2014 - 12:56pm

Shark attack? https://www.youtube.com/watch?v=ESzXLQhMMlo https://www.huffingtonpost.com/2014/07/07/shark-attack-video-california_...

Roller coaster derailment?
https://www.latimes.com/local/lanow/la-me-ln-probe-six-flags-roller-coas...

Illegal alien invasion? https://www.breitbart.com/Breitbart-California/2014/07/09/New-Request-fo...

US dollar loses hegemony? https://en.wikipedia.org/wiki/Fiat_money and this: https://www.globalresearch.ca/dollar-hegemony-and-monetary-geopolitics-t...

[No, I did not post a picture of Hillary in shorts, as I refuse to let this get political . . . ]

The long article says this: “For this reason, “America’s dominant position as the sole superpower ultimately rests upon two pillars: its overwhelming military superiority and its control of the global economic system by the unique role of the dollar as the World Reserve Currency” (Clark, 2005). According to this reasoning,

“it might be considered an elemental interest of the United States to maintain the system which also includes intense diplomatic and limited military operations in order to preserve its abundant financing for as long as possible. After all, there seems to be a strong interdependence among nations. The US is dependent on cheap financing from abroad and is even willing to apply some military power to protect these interests” (Schulz, 2009).

Moreover, it cannot be denied that “the dollar’s leading role in foreign exchange transactions also is reinforced by this currency’s widespread use in the invoicing of international trade” (Goldberg, 2011). That is especially true about oil markets, given that “since oil trade was and still is noted, as well as traded in US Dollars, every nation has to purchase huge amounts of this currency for its national reserves in order to maintain its ability to purchase the required energy” (Schulz, 2009). Consequently, monetary dependence of others on the issuing country confers the latter significant geopolitical power(Cohen, 2003).

The unavoidable reasoning that arises is that “a full challenge to the domination of the US dollar as the world central-bank reserve currency entails a de facto declaration of war [on American power]” and, as a result, the United States is willing to fight wars to defend its national currency (Engdahl, 2006) because “an end to the dollar’s reserve currency status would impose material constraints on the United States to finance its deficits, and lead to a major loss of prestige and power projection capabilities” (Drezner, 2010). A possibility is that “widespread oil pricing in alternative currencies or perhaps the bartering of oil would then threaten U.S. hegemony by crimping the relative global demand for dollars” (Roby, 2010). Nevertheless, perpetual hierarchic supremacy of the dollar cannot be taken for granted:

“Sooner or later, confidence in the dollar is bound to be undermined by America’s chronic payments deficits, which add persistently to the country’s looming foreign debt […] The exorbitant privilege obviously cannot endure forever; America’s spending cannot indefinitely exceed its income. In the absence of significant policy reforms to reverse the deficits, the world’s trust in the dollar is bound […] to be eroded. Dollar accumulations will eventually dry up and could even turn into massive sales” (Cohen, 2008).”

Think!!!

Which of the above fears is NOT in the news? Why not?

Perception is being managed. Events occur, but WHAT gets reported and the frequency are what drive perception.

Collapse of western fiat system in general, and dollar in particular is NOT reported at all. Hence, there is no perception of anything amiss, apart from informed fringe, tin-foil wearing cultists, like ourselves.

Preparing accordingly means far more than accumulating stacks of shiny coins. One must MENTALLY prepare as well. THINK and draw conclusions! Do NOT be manipulated by headlines.

And on that note, let’s examine the perception management of the recent illegal alien stories popping up on the news here in lovely California.

Seemingly, out of nowhere, the headlines scream about children crossing the border en masse, protests, diseases, out of control border crossings overwhelmed by an invasion of brown-skinned people and mostly children.

Do NOT let emotion into the equation. Ask several questions, all up front, at once, and do not draw ANY conclusions until one has answers to each one of these questions:

(1) By WHOM is the information being presented?

Drill down, do not accept anything at face value. Look and see if the source information is credible. Look and see if it is the same story, shared on many outlets. Is the story factual, or does it paint a narrow picture not taking into account details from all angles and from all sides?

(2) WHY is this information being presented at this time, in this fashion?

(3) For WHOSE BENEFIT does the presentation of information advance? [Cui Bono?]

It is intellectually dishonest to reach conclusions without knowing, actually knowing, the answers to each of the above questions.

In many circumstances, it is not known for whose benefit the information is being presented. One must then make a reasoned inference to draw that conclusion, and that is where alternative conclusions can and must be drawn. This is intellectually a difficult challenge, as it requires RIGOROUS, disciplined, logical thinking. In today’s world of 30 second sound bites, the powers that be COUNT ON the masses being unable to apply disciplined thinking to any problem. Look at the fiat currency issue and understand that less than a handful of Americans truly understand this concept of fiat dollars created out of thin air having ZERO value except because they are forced on us as legal tender and are nothing but a confidence game!

The summer is heating up. Mr. TF has given us this amazing gift of collaboration and sharing of points of views, here, on this forum, and we should all be respectful when sharing our thoughts. No personal attacks, please, and let us all advance the discussion by weighing substantively. Thank you and have fun with this one!

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Spartacus Rex
Jul 14, 2014 - 11:11pm

@chetatkins

It is a total clusterf*ck!

How are Title Co.s even remotely going to be able to provide bona fide insurance with this B.S. hanging over?

And that Jacka** "Moonbeam", F*n Yale J.D. sat on his thumbs while holding the Office of Atty General, while MERS was a** raping every County from the recording fees, as well as denying the State, the income revenue stream from Mortgage interest paid.

At least his sister had enough sense to attend a reputable School of Law.

Cheers, S. Rex

chetatkins
Jul 14, 2014 - 10:57pm

to: CA Lawyer Could you

to: CA Lawyer

Could you comment on the recent MERS decision in federal court? Thanks.

https://cloudedtitlesblog.com/2014/06/16/mers-gets-a-beatdown-in-the-9th-u-s-circuit/

vonburpenstein
Jul 13, 2014 - 9:52am

Who's in charge....

....of the Sunday morning post, hop to will ya?

Spartacus Rex
Jul 12, 2014 - 11:01pm

@ So It Goes / Contest

So it has been "48 hours", and the Contest is now Closed. Were there any winners?

Cheers. S. Rex

murphy
Jul 12, 2014 - 5:58pm

WTF?

Can someone tell me what's going on here? First, the banker Knott and wife are murdered/suicided. Then their young adult daughter claims they are in a better place.

In an Instagram post, daughter Kayleigh Knott wrote "Although I am heartbroken that they will never see me graduate college, will never be there to see me get married or to be grandparents for my children, I can still have my inner peace knowing that they are now stress free in a much better place."

BTW, I love that the police state the next day, "after an extensive investigation". I wonder how that Connecticut medical examiner's autopsy is coming in the other suicide. It's only been about five months.

Now this one.

Just days after surviving a shooting that left her entire family dead, a 15-year-old Texas girl said today at a community memorial that her parents and four siblings are "in a much better place."

Cassidy Stay, 15, who was released from the hospital Friday, spoke to hundreds of supportive neighbors and friends in her hometown of Spring. Hundreds of balloons were released into the sky during the ceremony for the six members of her family.

"I know that my mom, Dad, Bryant, Emily, Beckett and Zach are in a much better place and I'll be able to see them again one day," said Cassidy Stay.

https://abcnews.go.com/US/teen-survivor-texas-massacre-memorial-familys-place/story?id=24536132

Anyone have a theory about why these girls would say what they did? Or, who's putting these sound bites in their ears?

Inquiring mind Murph dog wants to know.

Strongsidejedi
Jul 12, 2014 - 11:35am

Another story that could be "terrifying"

https://www.businessinsider.com/microsoft-ceo-email-cortana-2014-7

The new MSFT CEO points to the development of a new digital artificial virtual assistant.

This assistant is named "Cortana" after the female voice in the Halo video game series.

"We were already impressed with Cortana during our early tests back in April.

Cortana was even able to correctly predict the outcome of most of this year's World Cup matches."

"Right now, Cortana is already built to learn more about you the more you use her.

Based on Nadella's memo, however, it seems as if Microsoft wants to take this one step further by actually enabling Cortana to perform tasks for you and reason."

Having to be married to my Windows driven Cortana "phone" and then being married to my wife and needing to double check her "performing tasks" and "reason"...what happens when my wife disagrees with Cortana's priorities?

Does my wife get to reset the "preferences" and "options" on Cortana?

​Or can I "gift" my wife a "Cortana" driven "Windows phone" and set the "preferences" to my priorities instead?

Strongsidejedi
Jul 12, 2014 - 11:35am

Another story that could be "terrifying"

https://www.businessinsider.com/microsoft-ceo-email-cortana-2014-7

The new MSFT CEO points to the development of a new digital artificial virtual assistant.

This assistant is named "Cortana" after the female voice in the Halo video game series.

"We were already impressed with Cortana during our early tests back in April.

Cortana was even able to correctly predict the outcome of most of this year's World Cup matches."

"Right now, Cortana is already built to learn more about you the more you use her.

Based on Nadella's memo, however, it seems as if Microsoft wants to take this one step further by actually enabling Cortana to perform tasks for you and reason."

Having to be married to my Windows driven Cortana "phone" and then being married to my wife and needing to double check her "performing tasks" and "reason"...what happens when my wife disagrees with Cortana's priorities?

Does my wife get to reset the "preferences" and "options" on Cortana?

​Or can I "gift" my wife a "Cortana" driven "Windows phone" and set the "preferences" to my priorities instead?

StrongsidejediSafety Dan
Jul 11, 2014 - 5:42pm

@Safety Dan

"structured defaults" are just fine for the chosen.
But, if you are a member of "john q public", you do not get this type of ordained treatment.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Green Lantern
Jul 11, 2014 - 2:46pm

All Clear

All clear here

Lurknomore
Jul 11, 2014 - 12:53pm

These static bands...

...of +/- .10 of "trading" never last longer than a day or so in the silver "market". I sense an entity poised with bony fingers above a keyboard ready to strike before we go into the weekend. The beatings will continue...

On a more optimistic note, EXK has been performing admirably (kiss of death, there, I know) over the past few sessions. At some point in the near future (hope?) I will exit that position with my capital intact (no profits) after more than a miserable year of underwater'ness. Yes, it's sad and pathetic that 'return OF capital' rather than ON, is perceived as victory. But when you consider the formidable strength of the manipulative armies that you are aligned against, mere survival is the best you can hope for.

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