Blog Archive

Wednesday, December 31, 2025

Key to sound economy is sound money.

 THE END TO FIAT CURRENCY IS COMING

WEST'S ECONOMIC PROBLEMS ROOTED IN FALSE PREMISE


Fiat currency, has been embraced by every country on earth. The United States ended its backing of its currency in 1971 and every nation on earth has followed. Historically gold and silver were considered money and often a paper receipt was issued to facilitate easy transactions. These paper receipts were redeemable in gold or silver. This has been the traditional role of money since ancient times. It is always the temptation of rulers, bankers and governments to first debase the currency by making coins smaller and then issuing more receipts than actual metal. In past times a private banker who engaged in this fraud was often the victim of vigilante justice as many had their savings stolen in this way.

In the 20th century, governments have universally debased their currency and often through propaganda convinced the populace that this was a sound practice in the modern economy. We were told that this currency no longer needed to be convertible or exchanged for a real asset, but it was guaranteed by the full faith and credit of the issuing government. In reality, it was fraud plain and simple. We were told that the goal was to keep the debasement of your savings at 2% a year as this was now the sound currency of the modern age. It was taking advantage of the citizens by slowing stealing their hard earned labor and savings and allowing all governments to make saving a losing proposition. All currency became not an asset, but represented the debt of the issuer, to be repaid in more debased currency. 

We are now at the end of this fiat currency fraud. It is obvious that the largest economy in the world is soon unable to finance even the interest on this massive debt. Most western nations are in the same boat. The real savings of its citizens is now hostage to financing government debt rather than real investment in producing companies and infrastructure or wealth building endeavors. While most of the leadership hope to keep this Ponzi scheme going it is now having to compete with an alternative, that just by its very existence, will end the present fiat currencies.

While it is going to be a painful transition, it is inevitable that the present debt based system is now on its death bed, it can not be saved by more debt or more imaginative financial instruments. Attempting to save this corrupt system by war or force or intimidation will only make the transition that is necessary only more painful. 


 

Tuesday, December 30, 2025

Will Trump solidify his foreign policy in 2026?

 POSSIBLE CHANGES COMING IN THE ADMINISTRATION

30 AMBASSADORS COMING HOME


Only a few days and it will be 2026, is Trump going to make major changes at his 1 year mark? While some direction is becoming more obvious there still seems to be an intentional vagueness in much of his foreign policy. Some believe it is just that his administration does not know what to do, this could be true, or that there is fear of challenging the entrenched powers both at home and aboard. 

It does seem Trump has made his decisions about Ukraine, he is out, or at least moving out. There is not any up side to continuing to throw good money after bad on a no win situation. That coupled with the fact that he may believe he can restore some reasonable relations with Russia that can help in solving issues in other areas. This may be true since Putin has showed himself to be very pragmatic in addressing mutually beneficial policies. I would expect that that trust will only be counted on with a case by case condition. 

Then there is the trade disputes still all over the place. A stable trading system needs to materialize to accomplish positive trading improvements. Trump's experiments with trade punishment has had little effect and may be causing more damage to the U.S. than to China or Russia or others.

Then there is Israel and Iran, yesterday it seemed Trump was saying yes to Bibi, but Bibi better be careful, when it come to going to war, it may still be NO. Trump and the U.S. cannot afford war with Iran, it will have massive repercussion both economically and politically. While Trump is often called unpredictable he has no history of gambling on long shots. There needs to be some solid and transparent decisions  made on this subject, Bibi cannot go to war without Trump's support.

Then there is Venezuela which seems more about the involvement of China into South America. Refineries in the Bahamas, a oil transfer station in Venezuela and then there is the $3 billion port in Peru with proposed rail links across the continent. This is going to bypass the Panama canal and provide access to most of South America. Brazil is a founding member of BRICS and China is now the major trading partner of most of the South American countries. This situation is going to be a difficult problem for any U.S. administration and military force is unlikely to be effective. The reality is that trade with China has become a very mutually profitable endeavor for those who are trading partners of the manufacturing giant of the 21st century.

Trump has had 1 year to experiment with different approaches to complex problems, it is now time to make transparent and difficult decisions as to what can be expected in the next 3 years.







Monday, December 29, 2025

Navigating into new global realities.

 TRANSITIONS EVERYWHERE

CAN IT HAPPEN PEACEFULLY?


As we soon exit 2025 the world is in a period of massive transition whether we want to admit or not. We see that some crisis are still ongoing, Ukraine where it is unlikely any peace will be achieved without a clear winner and loser. We can expect Ukraine will continue to be a smaller nation when this transition is accomplished. The UK may soon be in the process of replacing Zelensky.

In Africa, we are now seeing the coming pushback by western powers in response to the changes underway. The trend is the elimination of the remnants of colonial rule, and with it the loss of revenue for European powers. French troops have been expelled in Mali, Burkina Faso, Niger, Chad and Ivory coast. These countries have also ended their dependence on using the French colonial franc as their currency. They are now often trading their resources, which they have renegotiated more control over, in gold or other currencies of their trading partners.  The U.S. presence in these areas has also been reduced and security training and intelligence is being replaced by Russian private contractors.

The recent missile strikes by U.S. in northern Nigeria, just on the southern border of the above counties may be an indication that the U.S. is desiring to exert influence in the region, maybe an opening test. It is becoming apparent that Africa is rising on the concerns of the western powers.

Today Israeli Prime minister Netanyahu is again coming to Washington, we can assume this is another attempt at gaining support for military actions against Iran. One would wonder how any substantial action against Iran can impact the plans of Trump for domestic reforms all dependent on lower energy prices. A conflicting strategy with  a war with Iran. Israel has also just announced the recognition of Somaliland, a breakaway region of Somalia, an indication that Israel is now willing to expand its influence into Africa.  

It is appearing that there may not be any war with Venezuela, nor a exit of Maduro from the country, one may expect that some sort of compromised face saving deal is in the works.

The U.S. announcement of $11 billion in offensive military sales to Taiwan has been received with vehement anger from China. Retaliation has been taken by sanctioning by suspending all material sales to all the major U.S. defense contractors. Material that they need and cannot be replaced elsewhere. We can expect that the economic reprisals will expand until someone cries uncle. 

We can expect an escalating economic and political decline in the Eurozone until there is marked change in direction. 

2026 will undoubtedly see a continuing transition from the Post WW2 economic and political structure. Hopefully it can be done in a cooperative fashion that will be peaceful and prosperous for all involved. 




Tuesday, December 23, 2025

Gold and Silver new records. Bubble or new normal?

 WHY ARE MONETARY METALS RISING?

INDICATION OF FUTURE INFLATION?


Today gold is trading at $4487 per ounce, silver is at $69.64 per ounce, a truly remarkable phenomenon. Gold has risen 71% in the last year and 11% in the last 30 days, silver rose over 100% in 2025. It many ways it resembles other bubble mania's of the past. In the late 1970's we saw a similar rise with daily records and buying with long lines of people selling jewelry and coins. Much of the rise at that time was due to double digit inflation brought on by new social policies with big deficits and momentum from the Vietnam war.

While some are tempted today to sell off their holdings of metals, many have doubts of replacing their metals with deteriorating dollars or other fiat currencies all with a doubtful future of being a store of asset value. 

In the 1970's much of the buying was retail collectors, today much of the buying is by Central banks and large investors. The wild ride was halted in 1980 when the federal reserve raised interest rates to near 20% and 30 year mortgages exceeded 18%. At that time the debt held by the nation, industry and consumers is infinitesimal compared to today. The U.S. debt had mushroomed from $286 billion in 1960 to over $900 billion in 1980 and 26% of GDP.

Today the national debt is $38 Trillion and 123% of GDP. Any attempt to raise interest rates substantially would result in total economic collapse. That is one huge difference between 1980 and today. 

Prior to the decoupling or ending the redemption of dollars for gold in 1971 gold was set $35 oz. and then reached $800 in 1980 and silver to $48 at that time. The price then traded down until a low in 2000 of $267 oz. Much of this decline was realized by changes in trading rules and then the massive liquidation by Eurozone central banks to obtain a certain credibility of their fiscal solvency to qualify to adopt the Euro which began in 1999 and was completed in 2002. It was a massive buying opportunity for those who understood the fiscal future of the western democratic socialist countries.

Today much of the buying is in the global south and the BRICS countries and they are taking physical possession of these metals, not just trading paper contracts.  Many now are expecting push back from the Comex and the London Bullion exchange to raise margin requirements and possibly even suspend buying in an effort to reduce the price. There is speculation that these Bullion banks in New York and London have been trading more contracts than physical metal exists and if the buying continues they will be exposed and ruined. 

In 1980 the Comex and London exchange had total control of the price of these commodities today there are new exchanges in Shanghai and Moscow that trade actual metal and not paper contracts. Today silver is trading in Shanghai for $73 and oz. compared to $69 for future contracts in western exchanges. This is called backwardation and indicates a shortage of the physical product.

Much of the price hikes we see is the effects of the desire by investors and banks to lower their holding of dollars and U.S. debt, this may only be stemmed by actual balanced budgets in countries with fiat currencies and that is now a political impossibility. They are in fact betting large on very high increases in inflation in these countries.

Another possibility is that U.S. has been able to, in fact, export inflated dollars around the world thereby allowing running massive deficits without suffering from the usual inflation caused by these deficits. Importing lower priced goods for these dollars kept inflation at a manageable level and still allowed massive increases in government spending. 

That is now changing as many countries are now trading in their currencies and often settling in gold, thereby reducing the need for dollars in many of these trades. Those so called excess dollars then are being exchanged for gold or silver and other commodities and U.S. stocks and even real estate investments thus causing a rise in the stock market and real estate above the ability of many citizens to afford.

While this phenomenon is ongoing it may continue and actually escalate, until it runs out of buyers. The quickest way to eliminate those excess dollars is a massive decline in Stock and Real Estate prices, thus destroying Trillions of inflated dollars and even the price of gold and silver, but the gold and silver will still translate into increased buying power but at lower prices. Dollar or other fiat assets can be wiped out entirely.

More and more countries and big investors see that these trends brought on by decades of fiscal irresponsibility and mismanagement are no longer controllable or reversible. You have to decide if this is just another asset bubble or an actual resetting of the global financial system.




Monday, December 22, 2025

Lusting after Russia's assets.

 ROUND 2 OF FLIGHT FROM WESTERN SYSTEM BEGINS

CONSEQUENCES OUTWAY BENEFITS


This week we watched possibly the beginning of the unraveling of the Eurozone experiment. In 2022 the EU and the United States froze the assets of Russia on deposit in western institutions. It immediately kicked off a reaction of other nations beginning to flee their exposure to dollar and euro investments in favor of Gold and other assets, not at risk to the western financial system. This week the EU attempted to seize those assets in an effort to pay for the continued funding of the Ukraine project.

A lengthy argument was made by Belgium prime minister Bart DeWever that this was a very dangerous idea, not from military risk, but from the destruction of the western financial system, a system that is built on trust, and setting precedents having lasting consequences.

So, $300 billion in assets have been frozen, $145 billion held by Euroclear in Belgium, $50 billion in Japan, who has clearly stated, they are not touching these funds. The other nations who have frozen funds have refused to identify what or how much of these funds they have in their possession, one must wonder why?

Belgium made it clear that they would not be responsible for these $145 billion. So, the EU hoped to spread the liability to all its members. The liability is that there is no law or precedent in international law that allows this seizure. DeWever made it clear that there would be years of  litigation and a high risk of losing in court.

He also believed that credibility of Euroclear, which hold assets from all over the world, would be put in jeopardy and assets would soon be fleeing their jurisdiction.

He also stated that Russia still has access to over $1 Trillion in western assets inside Russia, frozen but not yet confiscated. This week, Russia filed a lawsuit to demand their assets and reparations for their lose of their use and interest. While any such judgment may not be recognized in the EU, they may be recognized in China, or other friendly government to Russia. The EU has been confiscating the interest and bond maturity of these assets for 4 years.

So a vote, which requires unanimous approval, was taken and Belgium. Italy Hungary, Slovakia and the Czech republic voted no. Some suggested that they change the voting rules, another no. This idea was now dead, at least for now.

Then they proposed that they take out a loan by the EU, a loan using future reparations from Russia as colleterial, something unprecedented.  90 billion Euro's or $105 billion in dollars and the liability to be spread out among all members. This is supposed to be given to Ukraine in no interest loans that they believe will allow them to fight for another 2 years.  Most estimate that Ukraine needs $5 billion a month just to keep the government running.

Hungary, Slovakia and the Czech republic refused to vote for this, claiming they had no authority to levy this liability on their taxpayers, an idea that has long become irrelevant in much of the western world. They then exempted these three from contributing to the loans and it passed. It has yet to be reported how these loans will be financed, but seems to be irrelevant. One can assume that most of this money will end up paying for weapons from the EU and the US.

It seems that much of the basis for this continued hope of Ukrainian victory is coming from a unified belief from Ukrainian and western intelligence agencies that Russia will fold before the west. Objective independent analysists are universally dismissing this assumption. After years of false information, weapons of mass destruction, Russia will collapse in weeks, one has to wonder if there is an agenda other than national interest.

The goings on this week in the EU, coupled with the U.S. now seizing a second oil tanker with lawful Panamanian registry and carrying Chinese owned oil and the pursuit of a third vessel which seems to be resisting boarding, we can expect global repercussions possibly starting this week.  Actions have consequences and I doubt if any of these leaders understand where this will end.

The moves to seize Russian assets by the Eu, The Netherlands U.S. prompted seizure of Chinese chip maker, Nexperia and now seizure of vessels on the high seas and attacks on oil vessels in the Mediterranean can only lead to military conflict in the near future.

Today we see that both Gold and Silver have ramped up to record highs as an indication that the flight from western paper assets to metals is accelerating. 








Friday, December 19, 2025

Trump reveals, it is about OUR oil.

 TRANSPARENCY SHOULD TRIGGER INTERESTING DEBATE

SHUDDERS ON WALL ST. AND WASHINGTON


You got to give it to Trump he really does say what he is thinking. Yesterday he said that that Venezuela took our oil and our lands and now they must give them back.  I suspect 90 % of global countries that have a history of being on the wrong end of colonialism sat up straight at that one. I suspect that the neocolonialists in the UK, France and on Wall street are aghast at Trumps honest remark. Now we have to see what members of congress want to say about this, do any of them have any guts or will we hear a deafening silence. They may be in one of those lose, lose situations, you have got to love it.

We assume Trump is referring to the oil rights that were nationalized by Venezuela 20 year ago. Suits were filed and awards were won by oil companies and others, some received some money, Conoco Phillips was paid $2 Billion in 2024. Many of the awards were not paid. 

Resource extraction of oil and minerals is a very expensive proposition, often taking a decade to produce a return. It is expected that long term contracts are a necessity, a contract is often advantageous for both the companies and the countries with the resources. I have no idea about these contracts, but those companies have a right to be compensated for their loss. Contracts for extraction are not a perpetual claim on the resources. We expect they have an expiration and then a new contract can be negotiated.

I expect that if Venezuela had access to markets, they could easily pay off the awards that they owe. It does seem that some would rather claim ownership of the resources rather than pay for them at market price.

Many of the disputes we see today starting with Iran and the overthrow of their elected government in 1953, Iraq's oil fields stripped and given to the British created Kuwait. The Libyan regime change operation were all about western countries lust for control of their oil. Russia's resources are looked at with envy by western countries. The reality is they would all gladly sell them as much oil as they want, but that is unacceptable, as they would grow prosperous, and that is never acceptable.

Trump's words yesterday will be echoed around the world, probably already has. It will raise the issue of colonialism in much of the world. If we remember in the last year we witnessed Ukraine selling the UK 100 year leases for their resources and control of their ports and infrastructure, colonialism pure and simple. No wonder the UK and France and others are so set on Ukraine prevailing, they will be able to intimidate Ukraine more easily than Russia.

John Bolton fretted that Trump ruined the hope of acquiring Greenland with his public comments. Has he now lite a bright light on the colonialism still being attempted around the world. He must really be stupid or?

There is no reason a negotiation can't be made for Venezuela to pay off the awards they owe. Of course, they will need to sell things to come up with the money, sounds like a reasonable solution to me.








Thursday, December 18, 2025

Trump kicks off 2026 campaign.

 NO ANNOUNCMENT ON VENEZUELA

GET READY FOR DUELING NARRTIVES


Last night Trump kicked off his first national address for the 2026 campaign. We can now expect an avalanche of rebuttals of Trump's claims. We will have wait to see if his predictions will materialize. 

Having hardly recovered from the 2024 campaign, we can soon expect the adds, mailers, speeches and interviews in an attempt to sway voters. I expect that it will revert back to the former strategies, all about personalities  and personal attacks. Trump gives the opposition lots of ammunition to attack him personally. One must wonder if Trump believes that if he can bait his opposition into making him the main subject of their campaign, they will most likely lose again. 

It seems the Democrats do not have much in the way of personalities or polices to challenge the Trump status quo. There is still no real leadership to excite voters, no Bill Clinton, no Barack Obama and if they had a viable candidate like Joe Manchin, he could not win a Democrat primary.

There were rumors that Trump was going to announce hostilities against Venezuela, if it was planned, it was scraped before the actual speech. I suppose the democrats should hope Trump gets involved in some regime change war as it could be the their best hope of winning in the near future, by suppressing the votes of those who are vehemently against any more wars of choice.

Trump laid out the bait to the Democrats, keep opposing ICE and deportation of illegal aliens, a loser for the dems and reinforces attacks as being unamerican and all that goes with it. I am sure he will keep reminding them of thier woke polices and the support for transition surgeries for children and the dems cannot dare change their position.

Same goes for war, the dems now support war and it is unlikely that they will really oppose an interventionist foreign policy. That and the fact that they have no opposition policies or ideas to solve the many problems facing the nation, other than raising taxes on the rich and promising more benefits that cannot be paid for. They no longer have any realistic policies except Trump bad, Maga bad. 

The country would be well served if there was a real opposition showcasing ideas that could be viewed as viable. I don't see any, I suspect that is the result of years of rewarding mediocracy as their main goal.





Wednesday, December 17, 2025

EU panics, having bet the house on Ukraine.

 HOPING RUSSIAN ASSETS CAN KEEP THEM ALIVE

DADDY IS NOT ANSWERING THE PHONE


We watch as the EU, due to its own delusions and bad decisions, is now panicking. The EU and most of the major economies are now on a path to collapse. The EU was  officially launched in 1993 and due to its green agenda and thoughtless immigration laws, coupled with an aging population, declining manufacturing base and then the disastrous attempt to damage Russia by cutting off its own energy supplies, is now in real trouble. 

I always believed the Ukraine project was a U.S. project originating with the machinations of Zbigniew Brezinski, Jimi Carters Secretary of state. Now watching the refusal of the EU leaders to accept the realties of the Ukraine war, one must wonder if they actually bet their future on gaining access to Ukrainian and Russian resources and control of the Black Sea. Second question is, did this plan originate with MI6 or other Europeans and convinced the U.S. it was doable and a good idea? With that hope rapidly diminishing it seems they are now desperate to save themselves by insisting that they have the right to confiscate the frozen Russian assets. These assets by the way, are actually assets of many Russians, not assets of the Russian government. 

There is quiet rebellion by many in the EU that this permanent freeze will have severe consequences, like giving the Russians the excuse to confiscate European assets still in Russia. It could also cause a flight from the Euro and other possibilities, none of them good.

Today we hear the talk of war in Europe, the continuous drumbeat that Russia will soon invade all of Europe. This is mostly coming from the UK, France and now Germany. At one time the pressure was on Poland to become an active participant in this war, but Poland after some thought, decided, NO. Now it seems France and the U.K. are  encouraging Germany, to put their manufacturing ability to work rearming, a very dangerous and unpredictable outcome for sure. 

The leadership in Germany is also trash talking Russia and hoping to gain public support for war with Russia. Rekindling all the animosity from WW2, WW1 and Versailles, it is a very dangerous decision in their panic. Many analysist worried about a reunited Germany and hoped to keep them in more of neutral position. A rearmed Germany will open up many internal debates about the past.  They could come to the conclusion that Russia is not the cause of their situation and begin to look west. 

At the same time their hope of insuring U.S. support for war if they get themselves in trouble is becoming increasingly unlikely. The U.S has its own problems economically and is stretched thin in many places. 

We see the EU engage in almost continuous meetings, talking among themselves, calling for a ceasefire, NATO troops in Ukraine and other untenable ideas to the Russians. It seems they believe they can bring about the results they want by agreeing among themselves. Not one has thought to call Moscow, maybe they fear Moscow will not even answer the phone. 

What their greatest fear should be is that Russia is in the process of a permanent divorce from Western Europe. Europe has nothing that Russia needs or wants and is looking to the east and south for its future cooperative business. The future of Europe is bleak indeed, with a unstable population, declining manufacturing and no stable energy to replace Russian energy.

It seems their reaction is to impose censorship at home, currency controls and may actually go to a Central Bank digital currency. These trends are already resulting in  the flight of assets out of the region, much of it to the United States.

Europe needs a change of direction and probably a change of leadership if it is to hope to adjust to the new world realignments underway.


 


Tuesday, December 16, 2025

Trump's economic plan.

 THERE REALLY IS A PLAN

NAVIGATING THROUGH OPPOSITION AND GLOBAL POLITICS


I recently watched a speech by Jim Rickards, a well know investment analyst and commentator, which was given at Hillsdale college. He articulated an outline of the Trump administrations economic policy. While only a basic outline, it indicates that this is the plan that will be attempted by the this administration. 

Relaying this information by myself, is not an endorsement, but just an attempt to understand what is happening, concerning economic policy.

The primary long term goal is to move the nation to economic self reliance and reduce dependence on foreign imports. This will translate to increasing jobs at home, particularly manufacturing jobs. 

The first thing Rickards pointed out is the reduction in the price of oil and gas. If successful in reducing the cost of energy, it will eventually help to reduce the cost of all goods, as they are all highly based on energy costs, this applies to all goods, agricultural costs and transportation. There seems to be some progress in this.

The next big problem is the debt and deficits which may be the biggest threat to the nations future. The debt is now 123% of the Gross Domestic product a unsustainable number. The plan is to control increased spending and increase revenues, he emphasized that any dramatic cuts in spending or increase in taxes will lead to reduced economic activity. It is hoped that a combination of tariffs and increased investment to manufacture in America will hopefully bring that about. Tariffs will not be implemented on companies that build plants in the U.S. as an incentive. There is some indication that there is some progress in that area. The hoped for result is not necessarily a reduction of the debt but a reduction of the debt to GDP ratio to 121% in the first year. It is hoped that this progress will become more each year to bring the ratio down to an acceptable ratio without damaging economic activity.

It seems it is a long term plan to control spending and increase revenues by increased economic activity. 

While of course this is a very brief outline of the plan, my observation is that Tariff's, while a good bargaining tool to address abuses in trade policy by partners, as in Trump's first term, seemed to be productive. I also believe the idea of a flat 10% tariff on all imports could be effective, particularly if that revenue or at least the majority of it is designated for infrastructure improvement, ports, rail lines and interstate highways all a cost of moving imported goods.

The move to use tariff's as punishment's for political purposes undermines this strategy. The U.S. Senate has passed a resolution to impose massive tariffs on nations that trade with Russia. I expect this effort will cause more flight away from America and undermine any effort to use tariffs to increase revenue.

While it it is obvious that increase in taxes or dramatic cuts to domestic spending can cause a decrease in economic activity, there is no reason not to cut any spending in foreign counties, including the reduction of the 750 military bases and foreign aid and military hardware to numerous countries. Cuts to foreign spending will not negatively effect the domestic economy.

A reevaluation of the foreign policy of the last 30 years may be the answer to solving the long term economic problems, while it seems we are reducing the aid to Ukraine, we are still sending many $100's of billions out of the country in aid, military hardware and intervention schemes not to mention financial lubrication of foreign leaders in an effort to continue political support for these schemes. 

I suspect that there is tremendous pressure by many factions to keep the funds flowing and funds spent overseas seem to be the easiest to launder, often back to parties here in the U.S. Sadly I am not optimistic that any effort to right this ship by Trump or anyone else can be successful. Far too may are now addicted to federal money. 







Monday, December 15, 2025

Is Venezuela vs U.S. = to Ukraine vs Russia.

 LIVING LESSONS IN GEOPOLITICAL CONFLICT

MADURO SHIFTS FROM ACCOMMODATION TO DEFIENCE



The situation in the Caribbean is intensifying with the seizure of an oil tanker in  International waters. At the same time we see the rhetoric coming out of Venezuela shifting from attempts to defuse the situation to open defiance and possibly baiting Trump to attack. We have also heard of U.S. military aircraft flying into Venezuela airspace possibly hoping for some sort of challenge by Venezuela. It can be expected that Venezuela will not take the bait to engage the U.S. unless directly attacked.

Maduro's shift can be explained by the reality that there is no accommodation with the U.S. and he will die no matter what position he takes. This may have resulted in his now using the situation to picture Venezuela as the small defenseless nation being bullied by the oppressive U.S.. It is a message that will be positively received in much of Central and South America. It will be magnified by all those who will see an opportunity to cause condemnations of the U.S. 

A continued blockade will be showcased by the starving and suffering people of Venezuela, who undoubtedly will be pictured as the victims in this standoff. It will be very counterproductive, to the hoped for, Monroe 2 doctrine.

An attack will be welcomed by Venezuela's geopolitical supporters who will see this as a payback for the Ukraine project and challenges in the South China sea. A prolonged conflict in Venezuela will be an economic and political disaster for the U.S. 

It can be expected that material support will be provided by both China and Russia and the mountains and jungles of Venezuela are not the deserts of the middle east. It is estimated that both Columbia and Brazil have tens of thousands of rebel military groups that would come to the aid of Venezuela. Any prolonged conflict in this very large country would not be something that the U.S. is not in a position to sustain.

We can now assume this crisis is not about drug running or terrorist activity, it is about China's investment in the oil resources of Venezuela, it has invested in infrastructure  and even an offshore drilling rigs. It has provided a steady market for sanctioned Venezuelan oil. The U.S. considers its sanctions to be enforceable as international law. That premise is being challenged in many places, but in the Caribbean it is a very red flag to Washington, similar as, Ukraine in NATO, is a red flag to Moscow.

Some believe that the hope of obtaining access to Venezuelan oil is in direct relationship for the eventual war and overthrow of the government of Iran. At present a war with Iran will result in a catastrophic oil crisis within days. An ability to offset that with Venezuelan oil would provide oil for the western world and at the same time cut off oil supplies to China from both Iran and Venezuela. Understanding this, makes it clear that this is developing into a geopolitical standoff that can become very dangerous very quickly.

We can expect that Trump will be savaged by his political opposition and those who desire to sustain their power and control, no matter the direction this takes.

There is also one other possibility about this, could it be a show, to particularly the American electorate, that continued great power conflict can only result in disaster for everyone.  Must the world be on the edge of the precipice before the majority accept a new era of international order, based on cooperation rather than confrontation?



Friday, December 12, 2025

Economic realties shaping new global order.

 IRREVERSABLE SHIFT UNDERWAY

HOPE FOR MANAGED ACCEPTANCE


This week we see the U.S. set out to insure dominance over the western Hemisphere. This new focus is being caused by the realization that the U.S. can no longer dictate economic and political policies to the world. While there are many who would like to continue that ability, it is on an irreversible path to coming to an end. Attempting to force or intimidate others will only speed up that shift and isolate the U.S. in the future.

We have watched as Trump has attempted to continue that U.S. ability to require adherence with sanctions  and even punishing tariffs. In this hemisphere he is threatening regime change and military punishment. We can assume that there are factions advising everything from increased economic and political pressure to outright war, all will not stop the global shift underway.

We have watched as India openly refused to end oil purchases from Russia and then signed over 20 economic agreements with Russia. Looking at the map, we see they are neighbors, Russia has the resources that India needs and has had respectful and cooperative relations for decades. Threatening economic relations by the United States as compared to the growing economic opportunity in BRICS is a no brainer for India. They cannot damage their economic future for a tentative access to U.S. markets. This reality is materializing most everywhere.

Recently Japan was pressured by the United States to cut off some selective machine tools to China, this resulted in billions of dollars of canceled contracts by China. Those orders were then picked up by Russia and may never return to Japan. The U.S. then pressured Japan to stop buying oil from Russia, the new conservative president did not hesitate in saying, NO. With gulf oil supplies increasingly vulnerable, it will not commit economic suicide, even if it risks access to U.S. markets.

We can expect that this scene is going to be repeated in South Korea, Thailand, Vietnam, Taiwan and even Australia. These countries are all neighbors with China and Russia and a cooperative economic reality is essential to their future. China is the dominant trading partner with all of them and contrary to western narrative, they are not feeling militarily threated by China. 

The same is also true in Africa, were many are throwing off the last remnants of European colonialism in exchange for mutually advantageous economic development and prosperity. 

While the U.S. may attempt to force adherence in the western Hemisphere it will  not be any easy ride. Brazil is committed to economic trade with the BRICS and there is a lot of fence sitters watching what is happening all around the world. More false and disrespectful moves by the U.S. to force control, will likely cause them to move away from the U.S., both politically and economically.

Internally we watched as the fed lowered interest rates, as many hoped, at the same time in reaction, Gold moved to $4325 and silver to $64.10 a symptom of an increase flow out of dollars into metals, in expectation of a further decline in the buying power of the dollar. This is also going to relate to a further hard sell for the increasing U.S. debt, 

While most Americans pay little attention to the dismal situation that the U.S. is in, the rest of the world, adversaries and trading partners, do understand that hard times are in the works.

While many would like to blame Trump for this situation it is an accumulated reality caused by decades of corruption and mismanagement, it will not be saved by any single administration. There is no painless playbook, there is no magic formula, it is a whole spectrum of crisis all converging at once.

I believe the least effective way of dealing with all this is by threats, bluster and intimidation, those tactics no longer work and are counterproductive. The United States can adjust to the new economic realities and even prosper, it will not be painless, but doable. It will need to stop the anti-everybody propaganda and realize the United States does sit in a very secure position with vast oceans all around. Most of the world does not wish the country harm, but does desire a new economic and political reality that respects national sovereignty. 

For the U.S. to be successful it will need to be united. Is that possible or will it be whipsawed by some sort of reaction to more authoritarian and socialist economic policy, similar to what is happening in the EU, that will really put a fork in the great American experiment.


 

Thursday, December 11, 2025

Escalation in Venezuela, China fear root cause.

 CONTAINING CHINA IN THE WESTERN HEMISPHERE

RETALIATION INCOMING


The embargo of Venezuelan oil is now a reality, with the U.S. seizure of an oil tanker carrying Venezuelan oil in the Caribbean. It is now becoming more clear that the Venezuelan crisis is more about Chinese investments in the Caribbean than drugs or other supposed issues. 

Venezuelan oil requires special refineries and the only refinery that handled that oil is in Houston, Texas. That is why after the sanctions levied against Venezuela their oil output dropped dramatically, that was until China and India began buying Venezuelan oil and refining it in their refineries. Then China eventually invested in a cooperative agreement with Venezuela and built a refinery in Venezuela, a cooperative effort that benefited China and Venezuela. That, coupled with Chinese investments in Bahamian ports and other port facilities in the Caribbean has raised red flags in Washington, especially with the Monroe 2 doctrine attempting to limit others investing in the Western Hemisphere.

It could be pointed out that the U.S., rather than tilting a windmills around the world, could have been investing in cooperative agreement in the Caribbean for decades, but chose to engage in intimidation and sanctions rather than cooperative agreements.  Obviously there is need and a void of investment that is now being filled by those who have the investment capital. I suspect that much of the investment capital in the U.S. is tied up servicing its massive and increasing debt.

This seizure is going to have repercussions around the world, much like the seizure of Russian assets in 2022. We can now expect others, not only in South America, to increase their liquidation of U.S. debt and flee to alliances with those we hope to contain. We can expect that the repercussions may grow into a very costly and dangerous result. 

 


Wednesday, December 10, 2025

21st. Century strategies: Strategic patience and Attrition.

 OBTAINING OBJECTIVES WITHOUT ALL OUT WAR

STRATEGIES USED, BOTH ECONOMICALLY AND MILITARILY


We are now seeing the results of strategies that may be unique to the 21st Century, whether through necessity or planned strategies for long term results.

While it is always unpopular to quote hated adversaries, one must remember the admonitions of Osama Bin Laden who often repeated, but the west largely dismissed and ignored, public videos warning the U.S. and the west that their goal was the exit of western powers from the region. They promised that they would bleed the west into a realization of that objective, his warnings culminated in the 911 attack on the U.S.. Most would say that this attack was the objective, but the real objective was to bait the U.S. into a emotional response that resulted in the expenditure of near $10 trillion, the disruption of the entire European region through immigration, the repulsion of much of the U.S. electorate for more war and a massive increase in debt, always what precedes the fall of all empires.

Most considered Bin Laden a foolish and unsophisticated Arab running around the mountains in sandals and a AK., it is obvious to the objective observer that he has largely succeeded in his predictions. Afghanistan is now ruled by the same actors as pre 911, Iraq and Syria will soon be devoid of western troops. The U.S., by any objective standard, is bankrupt and western Europe is on the verge of economic and political collapse. While not having the military power to take on the west, he was able to understand the hubris and expected emotional response that would lead to self destruction.

One must wonder if Hamas, with little real power, did not take a lesson in Bin Laden strategy, understanding the polices and emotions of their enemy. Is Israel now in a better position than before the Hamas attack?

All this also requires strategic patience, after all, bin Laden is dead, as is many of Hamas, and decades have passed, but the result is now becoming obvious.

We see some of the same strategies used by the Russian federation. Intelligence portrayed Russia as weak and unable to withstand a unified coalition backing Ukraine, to bring about regime change and dismemberment. The strategists knew Russia could never accept Ukraine in NATO. Understanding this, they hoped Russia would react and roll deep into Ukraine, were they would be vulnerable to insurgent predation. This coupled with economic strangulation would soon bring down Russia. While Russia initially made a show of force to encourage negotiations, as soon as they realized there would not be negotiations, they wiredrew into defensive positions. Positions close to their homeland, easy logistic support, and a flexible line that would withdraw if needed, but then continue in a policy of attrition. Attrition of western equipment and Ukrainian manpower all the while discouraging the introduction of NATO troops, that would need to move men and materials 800 miles to the combat line.

They never took out the bridges and rail lines, intentionally allowing all this material to move east, where it inevitably would be destroyed. Attrition, not dramatic, not shock and awe, coupled with strategic patience has worn down the material capabilities of the west and by their own strategy of not buying Russian energy is now emaciating their manufacturing base and causing many of their citizens to turn to burning wood to stay warm this winter. Western Europe is now likely in the most vulnerable situation it has been in since WW2.

The Russian strategists had to swallow hard after attacks on their homeland and their strategic bombers, and even revolt among some at home to escalate and go to all out war. Their strategic patience was viewed by their adversaries as weakness and incompetence and we still hear that narrative today.  Then one must ask, is the west stronger today than in 2014 when this started? Is western Europe stronger economically and politically? Are they really capable of going to war with Russia?



Tuesday, December 9, 2025

New U.S. foreign policy strategy underway?

 ATTACK ON VENEZUELA MAY NOT BE NECESSARY

GLOBAL SPHERES OF INFLUNECE MATERILIZING



It is now appearing that the new U.S. strategy is underway, it is not up for debate. It seems that the U.S. has decided it cannot control the world, but hopes to control the western Hemisphere. Venezuela and the fleet that is currently there is an indication of this strategy. It is likely an agreement with Russia has already been made to withdraw from at least the Caribbean in exchange for the U.S. deciding that the Ukraine project is now a loser for the U.S. It does have the power to strangle Venezuela into submission, especially if its other options decide it is in their best interest to move on.

While the Caribbean may be an easy area for the U.S. to control, Brazil, a founding member of BRICS, probably will be another matter. We can assume that the U.S. can control all of North America, Central America and the Caribbean area, by the threat of military power. It may be able to coax much of South America by a combination of real diplomacy, respect and mutual cooperative economic prosperity. The question will be, can the U.S. engage in such a policy over an extended time. 

It is appearing that the Middle east strategy of the past that cost the U.S. near $10 Trillion and many lives, both our own and those of the region, is coming to an end. It has already been announced that U.S. troops are leaving Syria and one can expect the same will soon happen in Iraq. It is hoped that influence can be maintained by diplomacy and mutual cooperation, we will see if that is possible.

It is being acknowledged that the U.S. cannot contain China by economic means and military conflict is a gamble at best. China this week set an all time record of a $1 Trillion trade surplus with its trading partners. The U.S. has realized how dependent it has become on Chinese goods in most every sector. 

A key to the evolving spheres of influence can be indicated by a world map, something anyone who is interested should have. It can be predicted that the long term history of alliances and trading partners is reemerging as the impossible task of world domination by any one power comes to an end.

One might expect to see troop and base closings in more areas as the U.S. has over 750 bases around the world, more than can be afforded.

We are going to hear and watch as the accusations of surrender, treason and other allegations can soon be expected, but the reality is the big threat to the U.S. is not China or Russia, but an escalating debt and an unsustainable baked in fiscal policy coupled with an economy based on financial transactions rather than wealth producing manufacturing. It may take decades of unified discipline to turn this all around. The real challenge to the U.S. is mostly all at home.





Monday, December 8, 2025

U.S. proposes new National security strategy.

 OPENING TO NEW GLOBAL ORDER?

REALIZING THE NEW REALITIES?


Last week we witnessed a 30 page document that seems to indicate the Trump administration's opening attempt to bring about discussion and dialogue to a new view of the world order that has existed for the last 80 years. While only a sketchy outline, it does indicate a willingness to embrace the realities of a changing world and the limitations of Washington's position in the world.

It embraces the need for an end to the Ukraine conflict as being important to be able to address other very important issues. It essentially dismisses Europe as being now on a path of irreversible decline. It hints at a new upgraded Monroe doctrine for Washington's relations with the western Hemisphere. It is willing to downplay China's threats to an economic competitor. It also notes the dangers to any changes threatened by entrenched bureaucracies or "deep state " in the west. It is obviously a proposal for negotiation and dialogue, not an executive order.

Concerning Russia and it relationship with the west it admits NATO expansion is now to be reconsidered and may even coincide with Putin's often talked of  "new security architecture" to avoid big power conflict. One can expect that those lengthy meeting in Moscow are indeed talking about more than Ukraine. Some speculate that besides the trash talking with China there are other more serious talks ongoing.

While we can expect that we will soon hear about Trump's weakness in facing challenges from our adversaries and possibly a move by many to force him out, rather than embrace any changes in the U.S. foreign policy, the changes happening will not be ended or possibly even be delayed. Real  military confrontation is not desired by anyone, and these changes can be diplomatically embraced with a new spirit of cooperation and realizing the limitations now becoming a reality.

While many will say we need a new president and a tough stance to the world, the reality is the United States hegemony is quickly eroding and no new personnel will change that fact.

It is indeed a difficult period that, if to be successful, will require some bi-partisan cooperation to engage in a debate and negotiation balancing the best interests of the country with the realities tied to the massive debt and deficits which are now unsustainable and have eroded the economic and inevitably the military power of the United States. 




Friday, December 5, 2025

Political trash talkers, global rearmament.

 TALKING TOUGH, GOOD FOR ARMS BUSINESS

MANY SHOULD BE FIRED FOR LOOSE TALK



It is now almost a daily occurrence that some government leader or official makes threats of war. In most case it is trash talk, in an attempt to appear tough or decisive, it usually results in increased war preparation and worse diplomatic relations between all involved. We have many examples, George Bush 2 in his infamous declaration about the "Axis of evil" describing Iran, Iraq, and North Korea. At that time they had little cooperation or any real connection to each other. This statement was directly followed by the invasion of Iraq and the move by Iran and North Korea to obtain a nuclear deterrent. North Korea has since become a nuclear power, but Iran has decided it was not the direction they wanted to go, but the trash talking continues and it is wonder that they have not become a nuclear power. They have since become more cooperative with each other.

Then of course there is the Russia/Ukraine situation, U.S. trash talkers run their mouths off contumely, demonizing Russia, boasting about killing Russians and encouraging Ukraine that they can prevail over Russia.  A disaster for Ukraine and a massive rearmament of Russia and NATO. This week we heard an Italian leader of NATO suggest that NATO should consider a pre-emptive strike on Russia, we can only assume he meant a nuclear strike.  Russia's response was clear and then also caused more trashing talking about Russia's aggression. We could only expect that Russia will push to shorten the time needed to respond to any such provocation. We also had a U.S. general in NATO brag that NATO could take over Kaliningrad, a Russian parcel in the Baltic, in days. He didn't mention what would happen after that. Both these high ranking bull shitters should have been fired immediately.

We can also remember a pacific operations U.S. air force general that predicted we would be at war with China by 2025. Then we complained and were astonished by a huge increase in Chinese military preparations. This guy should have been fired immediately.

Today, it's now South America were military preparedness is being increased by nations in the region often with the purchase of advanced weapons from Russia and China. Much of this trash talk is coming from the administration and the consequences will be an increase, if that is possible, in distrust of all things U.S.

While the long term diplomatic consequences are still unknown we can expect none of this talk produces a positive result. Of course, it will increase the debt of many of these nations and will be good for arms manufacturers, maybe that is what it is all about anyway.






Thursday, December 4, 2025

Eu miffed at U.S. Ukraine position.

 TRUMP IS EXITING UKRIANE CONFLICT

NATO NO LONGER HAS A PLAN



It seems clear that the results of the 5 hour meeting in Moscow between Putin and Trump's negotiators has infuriated NATO. We can only assume that NATO now understands that Trump is distancing the U.S. from this conflict. It is understandable that having committed to the U.S. Ukraine project they are now in the position of dealing with the consequences. While many will blame Trump, the reality is that this conflict is now going poorly for all involved. Ukrainians are dying in massive numbers, the economies of western Europe can only decline without access to Russian energy and the U.S. is attempting to deal with a massive debt with its possible severe economic crisis. Russia is of course also suffering, but this is an existential threat to their survival and will not compromise on their objectives.

They have the choice of sucking it up, putting their hubris under a blanket and moving on or go to war with Russia. It is an easy choice, if you face the choices objectively and rationally. There are lots of players who still refuse to move on.

The U.S. is beginning to realize that the era of Pax Americana is coming to a close. We have squandered our sound dollar, our manufacturing base and are now left with a massive debt and deficits as far as the eye can see. Cutting spending like the proposals of Musk and DOGE will result in reduced economic activity, as much of the new economy is dependent on Government spending. Raising taxes while seemingly easy will also result in reduced activity and possibly a flight of capital out of the country. There is no EASY solution and the sooner that the U.S. realizes it cannot get past this with threats, intimidation and war, the sooner the country can adjust to the new reality of a changed world.

The whole focus of the Federal Reserve and the federal government will soon be to figure out how to service the debt and interest payments and avoid some sort of default or massive inflation. 

The U.S. cannot bring manufacturing back quickly, nor remedy decades of irresponsible financial policy.  It is going to be painful and extended and we will need the good will of our allies and competitors, whose best interest is to have the U.S. make a successful transition. We could probably get more cooperation from our adversaries than we will get from domestic political opportunists.








Wednesday, December 3, 2025

Sovereign debt at root of desire for war.

 IT WILL COLLAPSE WHEN THERE ARE NOT ENOUGH BUYERS FOR THIS DEBT

FINANCIAL COMPETITION WILL LEAVE THE WEST BEHIND



We continually hear of European nations planning for war, from talk of increasing their military numbers and spending more money on weapons. All this talk when their biggest problem is providing the services promised to their citizens, and finding buyers of their debt.  They are now talking of currency controls from outlawing cash transactions and forcing registration of  holders of gold and silver. At the same time metals are fleeing the continent for other places around the world. It is expected that  their plan to go to a Central Bank digital currency will accelerate the flight of assets out of the EU. EU nations are even encouraging the rearmament of Germany, something at one time would have been considered a bad idea.

Japan now admits that it central bank is the majority holder of its debt. Japan's debt is now over 200% of GDP. the highest in the world. At the same time it is being encouraged to rearm in an attempt to insure its position in relation to China.

The United States debt continues to rise at unsustainable rates, but still has the advantage of more financial freedom and while devaluing its dollar in 1933 and 1971 and a continuing devaluation by deficit spending and inflation has never completely ended it currency for something else, any attempt to introduce a CBDC or some other currency will result in a massive reaction. Quantitative easing and other fancy sounding names for Central bank purchasing its own debt is a indication that trouble is brewing.

Some assume that if there was not an alternative, all this spending and debt could go on indefinitely, but empires have historically ended when they could no longer repay their debt. Today there are alternatives rising with countries with little or manageable debt benefiting by the shift of assets into their countries. This includes China, Russia and much of Asian countries with high manufacturing and resource production, which creates wealth. 

While previous wars often put to work idle or underutilized manufacturing by countries expanding their debt, it is no longer the same situation. It may be difficult to expand an already massive debt, so one could expect efforts to raise taxes and expropriate assets from its citizens. It will result in a reaction and one can expect it difficult to rally national sacrifice to enable governments that no longer have the trust of their citizenry. This and the real ability to ramp up military production may make actually prevailing in an extended war very difficult. 

Possibly only a replacement of the current leadership in the EU and a new focus by the U.S., can prevent conflict and a transition to a peaceful co-existence.




Tuesday, December 2, 2025

It is in Russia's best interest to slow walk end of war.

 EU AND UKRAINE NOT READY FOR LASTING AGREEMENT

RUSSIA OWNS THE CLOCK


While we see Trump and the U.S. hoping to negotiate an imminent end to the Ukraine conflict, others are still not ready for a lasting settlement. We should expect this conflict to continue far into 2026. 

Trump is till battling the naysayers in the U.S. who still can't comprehend that Ukraine has lost and that as time goes by they will have little leverage for negotiation.

We still have those in the EU, with military forces that cannot in reality come to the aid of Ukraine and economies declining by the day. still talking of war, preparation for war and even pre-emptive strikes on Russia.

In Ukraine, Zelensky is becoming a lame duck that may not have the ability to negotiate an end to this conflict, there still ae many who want to fight on. Ukraine should be in the process of preparing for elections, it would give any possible negotiation more credibility. The problem is that most opposition have been exiled, imprisoned or worse and it would take many months to actually have an election.

Russia has been clear as to what is needed for lasting peace and the opposition is still not ready to accept defeat or any compromise. The EU and Ukraine have hopes of winning the peace by preparing for more war in the future. This reality will prevent any end to this conflict in the near future.

I suspect that Trump understands that an end to the Ukraine conflict would open up may possibilities for peace in other areas. It would allow Russia and China to cooperate in exerting strong influence on Iran to begin the process of lasting peace in that area. Again there are forces who do not want peace in that region. 

The reality is the western European countries are moving into a period of volatile economic, and social uncertainty, which will make them less likely to be able to wage war on Russia. Ukraine is physically exhausted and its supporters are near exhaustion, economically and in there ability to supply weaponry, They all have serious domestic political problems at home. Again, Russia owns the clock and the longer it keeps ticking the less likely of war against Russia. While Russia has suffered greatly from this conflict, it is in their best interest for its opponents to to decline until they are ready for a lasting peace agreement.





Monday, December 1, 2025

U.S. can't afford war anywhere.

 WAR WILL BE END OF TRUMP'S HOPES

DOMESTIC ISSUES BIGGEST THREAT


While it seems Trump has put Ukraine off of his priority list and also realizes that war with Iran will most likely cause a severe disruption of oil prices or worse, he is now in a lose, lose situation in Venezuela. Has he finally been trapped by those who desire an end to his presidency? I suspect it is a long list of those who hope that Trump fails, maybe even some in his administration.

The economic realities of deficits, debt and diminished manufacturing capacity are the biggest threats to the United States, that and the desire to keep the corrupt gravy train going as long as possible. The United States and Trump cannot afford war anywhere, it will trigger a far greater economic crisis that is brewing and smoldering, just waiting for such a match to blow it all up.

Now Trump has listened to his foreign policy geniuses who has assured him that threats and intimidation will send Maduro packing and that Venezuela is hoping to embrace him with waiting arms if he just squeezes them a little more. It is a familiar story that we have heard about Iraq, Syria and of course Russia, a repeated story that has cost the U.S. trillions and  involved millions of deaths. 

Now it seems Trump is sort of boxed in, just what his enemies want, attack Venezuela and set off an economic tsunami or back off and look weak and indecisive. It may be too late to expect Venezuela to save the day by some sort of negotiation and a narrative of victory. Time is running out for Trump to either pull the trigger on Venezuela and risk economic ruin or back off and focus on things where he has the power to make some positive gains.

He may be forced to show a little humility, a hard nut for Trump to swallow.




Friday, November 28, 2025

There is no savior of the country on the horizon.

 BETTER TO HOPE FOR THE BEST WITH WHAT YOU HAVE

COUNTRIES PROBLEMS CANNOT BE CURED BY ANY ONE MAN


It is now still 2025 and we see speculation on who is going to save the country in 2028. No man, is going to save this country from itself. There is no magic candidate, no reversal of present policies will save us. Most hope to just continue on the unsustainable path we are on, hoping to keep the things going, at least till they are done breathing.

Before we get to 2028, it will be made clear that the economic policies of many decades have led into a crisis with no magic way out. By 2028 we will see that we can no longer intimidate the rest of the world to submit to our desires or mandates. By 2028 we will find that we can no longer provide the benefits promised by many decades of selling votes for promises. In reality, all that is happening right now, if willing to see the situation, in a clear objective light.

So, forget about 2028, while Trump has been handed a plate with a myriad of insoluble problems, it will only be far worse for anyone who should want the job in 2028. Maybe only the delusional will even want the job in 2028.

I suspect that time is running out and 3 more years without any progress, inflamed by partisan lust for power, will lead to a situation of survival after the collapse caused by decades of failed policies.

A better plan would be to do the best that we can, with what we have, while often not what many would like, it is the only thing we have for the time we have left. Time that is ticking away. I hear lots of criticism, but I hear few solutions, because it is easier to blame others for insoluble problems, than to offer real solutions, especially when there are no painless solutions to be had.



Thursday, November 27, 2025

Thanksgiving, truly an American holiday.

 STILL RELEVANT AFTER ALL THESE YEARS

WE ALL HAVE MUCH TO BE THANKFUL FOR


Another thanksgiving, for some the only time that family is all together and no matter the peril being experienced by some, we can all find many reasons to be thankful. It is a time to take a pause and count the blessing we have all experienced.

While the country may have many challenges in the near future, for now, we are all blessed to live in these United States. We can still worship as we are led, we can still pursue our dreams and hopes for the future. We have the ability to speak our mind as no where else on earth. We have all been blessed, probably more than we deserve.

As in the tradition of those who really had the reason to be thankful for their survival, we can in some way be empathic to understand how they understood to  offer up thanks.

For all Americans and also all our brothers and sisters around the world,  give a little prayer of thanksgiving for those blessings you have received, no matter how small.


Wednesday, November 26, 2025

Economic Strangulation goal in Venezuela.

 NAVAL BLOCADE, SANCTIONS AND TARIFF'S

$10 MILLION A DAY COST TO U.S.


While military attack may not be on the menu, unless Venezuela can be provoked into retaliation, economic death seems to be the goal. With an armada of warships discouraging ships from servicing the country and tariffs on anyone who does business with Venezuela, it may be a very hard future for the people of Venezuela.

With the excuse of labeling the country both a drug cartel operation and now a terrorist organization, I suppose we are all to demand the end of the government of Venezuela. This is nothing more than a warmed up John Bolton plan from the first Trump administration. It is obvious that the originators of the Bolton plan are still working within this administration.

The original Monroe Doctrine was meant to keep European influence out of the western Hemisphere, with the acknowledgment that the U.S. would stay out of European disputes. It was later modified by Theodore Roosevelt into "Speak softly and carry a big Stick" Now we have mostly given up on the soft speaking in our relations with others, in this hemisphere, as well with the rest of the world.

While, maybe, military action is not the goal, death and destruction by economic strangulation will still be the result. While residents of Washington and Wall street can rejoice at their win with the accompanying access to a largess of resources, I suspect the people of Venezuela will most likely not be better off. 

If this continues, and now may be irreversible, we can expect a new forced migration in the region, hostility from any country now effected or fearing they will be next. It will further add to decline of the image of the U.S. around the world.

One must wonder if this is now the alternative prize with the least risk by Washington after failing in Ukraine and deeming war with Iran too risky. It is like a predator choosing the victim who has been weakened by years of deprivation and is now an easy kill.


Tuesday, November 25, 2025

Perot & Buchanan's prophetic 1992 presidential campaign.

  REVILED AT THE TIME, THEY WERE RIGHT

TRADE AND DEBT WERE THE WARNINGS



The 1992 U.S. presidential campaign was a prophetic warning for the nation. In the Republican primary, Pat Buchannan warned of trade deals that would hollow out the U.S. economy, destroy the manufacturing base and pressure the middle class. He predicted what would later materialize and provide Donald Trump with some of the main issues in his campaign. He also warned about unlimited and lax immigration enforcement. After a strong challenge in New Hampshire, he was assaulted with  overwhelming accusations of racism and anti-Semitism. George Bush won the primary 72% to 23%. Bush 's popularity was weakened by his former pledge of " No new Taxes" which he quickly broke and his boasting of some kind of "NEW world Order" which raised alarm bells in some circles. Was this onset of the lone remaining super power ideology and endless war?

In the general election, Ross Perot, a Texas businessman,  ran as an independent, Bill Clinton was the Democrat and Bush. Perot was surprisingly very competitive, even rising to the top the of polls at one point. It was an indication of the growing discontent with the candidates from the entrenched parties. Perot was famous for his description and prediction of the "giant sucking sound" of jobs leaving the nation. He also was hoping to pay off the debt and stop deficit spending. When it seemed that Perot could actually win, he suddenly withdrew from the race claiming that his daughters life had been threatened, something that seemed outrageous at the time, but certainty not by today's standards.

While Perot reentered the race, his momentum had stalled and he ended with winning 18% of the vote, Clinton 43% and Bush 37%. some accused Perot of throwing the election to Clinton by his candidacy, but it seemed he was very sincere in hoping to move the nation in a new direction. 

Both Buchanan's and Perot's analysis of the direction of the country was very accurate, maybe they were just too far before their time and it was in an era were the media was of one mind and no alternative available. 

Clinton went on to approve NAFTA and GAAT that globalized trade and contributed to the decimation of the U.S. manufacturing ability. He pretty much did the same things that one could have predicted from Bush, regime change war in Yugoslavia, NATO expansion, and the policy of U.S. power expansion in the name of expanding democracy. He did cooperate with the opposition party to nearly erase the budget deficit and reform welfare, but in trade and foreign affairs he was like many, probably not in control of the ship.  

While Trump capitalized on the crisis of immigration, loss of manufacturing and regime change wars whose seeds were formed at the time of the 1992 election, it has now all blossomed into a myriad of problems that under the best circumstances will take decades to correct.




Monday, November 24, 2025

West on Ukraine: Out of sticks, and have no carrots.

 COMPROMISE OR GO TO WAR

TIME TO SUCK IT UP AND MOVE ON


We now have a 28 point peace plan, one that the West wants to negotiate and Russia will express interest, while devastating what remains of Ukraine's army. The reality is that NATO expansion has failed and any attempts to declare victory in defeat is just going to add to the costs. While many are looking for ways to declare victory, it will be a hard sell.  

While Russia has suffered greatly from this conflict, its suffering does have an expiration, when this conflict ends. One can expect the suffering in Eurozone will not expire but continue to decline into unpredictable internal problems. The entire west is suffering from unsustainable debt and deficits far into the future. Then in the Eurozone there is the inability to fuel their economies in a competitive way. Their green policies have devastated their economies and their savior, cheap Russian energy, may never come back. Then there is their massive immigrant problem that will be compounded by those same problems.

As for Russia, it has been able to forge new economic and even military alliances due to the wests obvious attempt to punish everyone who has either sided with Russia or even attempted to remain neutral. The political and economic damage will last for decades. Russia's position in the rest of the world has been enhanced and the BRICS economic union will thrive far into the future.

While the West has used up most of its sticks, except for outright war, which would be even a worse disaster, its attempts of offering carrots are now, too little, too late. Russia, after the dissolution of the Soviet Union, hoped to become an equal economic partner in the global economic system. It was at first subtly rejected and then transparently rejected and offered the choice of submission or destruction. 

At this point, Russia understands that there will not be any cooperation, just a temporary peace until another opportunity for destruction is available. Offers of increased trade with the United States and a seat in the G7 are all without much attraction. There is now a better and more reliable economic union on the horizon and it will not be discarded for some fake offers of entry as a partner in the existing economic order as a inferior partner.

While the global south and most of Asia now have high hopes of a new economic order, it hopes to co-exist with the present system, much as one would with an ex-spouse, tolerance and accommodation when possible, an end to hostility, but mostly just a hope to keep it all at arms length.



Friday, November 21, 2025

Trump only has one more war to avoid.

 ONLY VENEZUELA IS STILL IMMINENT

PRESSURE TO PULL TRIGGER WILL BE MASSIVE


The pressure to go to war has been intense for the last 10 months, so far, Trump has avoided getting the U.S. into a major war. While we all witnessed the strike on Iran, many still believe it was a way to end the pressure by declaring victory. At present, the possibility of war with Iran by the United States or even Israel is much less. The ceasefire in Gaza, no matter how meaningless, is still a political reason to avoid war with Iran and Iran is now prepared in such a way that such a conflict could be disaster for Israel.

It is clear, that the United States is disengaging from the Ukraine conflict. While the EU countries still talk of entering the war, they will not, without the support of the U.S.. The latest peace plan, while a step to satisficing many of Russia's conditions, will not be, or can be, supported by Zelensky, as long the the hard right has the power to stop any peace plan. With the government is in disarray due to corruption revelations, Zelensky will most likely need to be replaced for any serious effort to stop this war. While Russia has not offered a position on the plan, they understand that Ukraine will  not accept any plan that gives up territory and saves them from rejecting the plan. Russia wants an end that will result in long term peace and security and that requires a WW2 type of ending.

Then there is Venezuela, this may be, at least for now, a situation that Trump needs an exit opportunity. One can speculate that his advisers have assured him that the threat of military force will pressure Maduro to flee or for the internal opposition to stage a coup. While there is opposition to Maduro, and many claims of voter fraud, it is still a 50/50 situation with the population, much like the United States. An attack will most likely rally support, giving Maduro a plurality and could be a disaster for Trump. Just what Trump's opposition dream of. 

Venezuela has rallied its military and other supporters, possibly enhanced it's air defenses with Russian anti-aircraft equipment and if started, will cost the lives of many on both sides. While ultimately the U.S. would  prevail, it would be a political disaster for Trump and the U.S..

We must all admit, Trump can be very slippery, either subtlety or even outrageously transparent. One can expect he can find a reason to declare victory one way or another, without going to war. It will be interesting to see if he can wiggle out of this without appearing weak or indecisive.




Thursday, November 20, 2025

We are now all the audience to this global reality show.

 IT WILL CONTINUE EVEN AFTER TRUMP

AUDIENCE IS ALSO AN INTERACTIVE PARTICIPANT



We all witnessed the opening of this ongoing real life reality show with the introduction of Donald Trump as a main player in this ongoing saga. Many believe it was just Trump, but while he has savored this new ability to take center stage, it may have more to do with the internet, new alternative media and the ability to stream global events in almost real time.

In the past, we were at the mercy of the established media and often did not have access to real events until days or weeks after the fact and then it was often edited and manipulated to create the right narrative. While that still goes on, the manipulation is now part of the story. The media is also an interactive part of this ongoing real life drama.

While Trump may be the first to understand this new reality, I suspect other players are now recognizing this opportunity and making the most of it. Putin,  Zelensky, Xi, Khomeini, Netanyahu and Maduro are now also big players in this new story.  We can hear them and see them in near real time and they are able to become real participants and real people rather than just some caricature created by the media. 

The story, the play, the characters are real and come with all the human weaknesses, strengths and failings. We can watch all these human emotions and human nature on display, no less than in the best Shakespearean play. 

Much like the best theatrical production we have multiple plots and subplots some connected to a big picture cooperation, some isolated. Some are short lived and some continue for years. 

Then you have the ability of the audience to then become an interactive player in many ways, protests, coordination with the main actors and I suspect that it has led to an increase in voter participation fueled by emotions created by this new global reality show.

While we watch the show, we all must speculate what the ending of this show will be, as the plot thickens we are led in many direction and speculations as to what the end of the story will be. Then again, I suppose there will never be an end or final act as long as the internet and the ability to watch and participate continues.




Wednesday, November 19, 2025

Is the exodus of Ukrainian officials beginning?

 CORRUPTION SCANDAL AND LOOMING  ECONOMIC  COLLAPSE 

THE SO CALLED HANDWRITING ON THE WALL


The recent scandal involving graft and fraud in Ukraine has now led to the resignation of several government officials. At the same time others seem to be exiting the country for diverse places, including Zelensky's business partner, Timur Mindich who left for Israel the day before the corruption scandal broke. He has since been charged with running a corrupt organization, but there is no extradition treaty with Israel. 

It is also rumored that some official who are now in Turkey for negotiations will not be retuning, that will soon be determined.

The law that forbids the exit from country of those between 18- 60 does not apply to government officials. Any opportunity to conduct business out of the country could be used as an excuse to leave and simply not return.

It is also reported that over 100,000 men of draft age have fled the country in the last 3 months. While they are  considered to have broken the law, neighboring countries have been resisting forcing them to return to Ukraine.

It has been reported for years that all of the top officials have residences in other countries, often owned by sheltered corporations, the U.S. and Monaco have often been mentioned. Many of their families are already out of the country.

It seems that this latest corruption investigation has triggered some to consider that it may be the right time to exit. This and the uncertainty of the ability of the government to find the revenues or funds to sustain the government in the future.





Tuesday, November 18, 2025

Epstein story, salacious interest, but no real revelations.

 IT IS CLEAR, NO ONE IN POWER WANTS THE TRUTH

SEX IS NOT THE REAL STORY


While the Epstein story is now again prevalent in the news, there doesn't seem to be much interest other than sex. We all know that Sex sells, and the focus on this story, by people who know better, has always been on Sex. No better way to hide the truth about the Epstein Enterprise than shift the focus on what arouses everyone, Sex.

I suspect, most of the media, all of the political leaders, both democrat and republican, every intelligence agency in the U.S., and many foreign political and intelligence leaders know the truth about Epstein's activities. They all believe it is in their best interest to let this affair to just go away.

Any objective observer understands that Epstein's connections to the power base of this country was indeed very interesting. He was well known in  higher education with much influence at Harvard University,  particularly the scientific community. He was able to raise large sums of money for many diverse causes from grants for research, to establishing the "Clinton foundation" He has at his disposal massive amounts of money, owning the largest residence in Manhattan, a residence with its own video and sound recording system manned by several professional full time persons. Question, where are these people? Where are are all the tapes and videos? We hear talk of releasing files, but never mention of all the recordings.

He also owned properties in Arizona, and a island in the Caribbean, was supposed to be a master at investment advice, with no real information of any investments. No one has ever revealed where all his money came from. His money could be traced, if anyone really wanted to know.

His girl friend Ghislaine Maxwell, from the Uk, just shows up in Manhattan and hooks up with Epstein, her father Robert Maxwell, a politician and media person in the Uk had unquestionable connections with MI6 and Israeli intelligence. Robert Maxwell's suspicious death and then burial in Israel, where he was buried on the Mount of Olives and given a state funeral reserved for national hero's, attended by the highest ranking members of the political class, indicates he was very valuable to the state of Israel.

So, in effect we are told to believe that Epstein was a sex addict of some kind and all these women were procured by Maxwell to service his needs. The word pedophile is used everywhere, the definition is an attraction to prepubescent women or men. This is generally considered 12 for girls and 13 for boys. This is the standard definition, why is it continually used by the media, masters of good grammar. While many of these girls were under 18, I have yet see real evidence as to the age of these subjects. They are all listed as victims, but they were all paid. Does any one doubt that there are many millions of prostitutes under the age of 18 in this world.  We are told that there are thousands of  these victims, is there a list of these victims by age and sex, with of course redacted names? I have never heard anyone prove any of this.

We see Democrats want to connect republicans for political purposes, always about SEX, but they do not, or do Republican's, other than those who are now labeled traitors or wackos, ask the real questions. It is clear asking the real questions will lead to your marginalization, censure or worse. So media, politicians, and leaders stick to the focus on sex, it sells, and will keep the low brows imagination filled with visions of sexual gratification, while keeping the big secrets, secret.


 

Monday, November 17, 2025

New cold War: Not so cold and more dangerous.

 COLD WAR UNDERWAY AND ESCALATING

NOT JUST 2 PLAYERS, BUT MANY



No one can deny that a new cold war is now underway. This time it is often hotter, enlisting more players and hence much more dangerous. In fact, we could say that we are in the midst of a global cold war that could turn extremely hot at any moment.

The former cold war, that older folks like myself remember, and sadly most of younger generations do not, was mostly an ideological contest between Totalitarian Communism and Democracy, a very simplified description. It was the status quo for 45 years, a contest between the United States and its allies and the Soviet Union and its allies. It started out with the quiet understanding that nuclear war was probable and kept everyone tip toeing around, fearful of triggering such a conflagration. 

The United States engaged in limited wars in Korea and Vietnam, in an effort to contain the spread of Communist ideology. The Soviet Union supported communist governments and communist movements in many places.  At the same time there was an ongoing effort to keep up militarily with preparedness for any conflict arising from this competition. The continual fear of nuclear war kept the arms industry fat and happy without any major all out war taking place.

That all changed in 1991 with the dissolution the Soviet Union, a major turning point in the geopolitical history, an unprecedented event, that while the west declared victory in the cold war, the former Soviet Union struggled to transition from totalitarian communism into a hoped for member of the world community. While it was a mostly peaceful transition, it caused great suffering and pain to the all those involved in the transition. It was a period of optimism around the world. In the U.S. we welcomed the new Peace dividend and the Russian federation proposed and cooperated in many significant arms reduction treaties that promised a more peaceful world. Russia, after disbanding the Warsaw pact and granting independence to those eastern European countries, even proposed Russia becoming part of NATO. The Soviet Union, the leader of the worldwide communist movement  for 75 years was no more and it was rejecting communist economics and moving to a hybrid democratic free market. 

The West with its massive defense network was now adrift, looking for relevance and a unifying threat to keep up the now dominant motivation for many. We saw a short lived focus of fighting drug cartels in Columbia, Panama and other places, but it just did not have the potential for a major unifying defense strategy. It was not long until a new enemy was to emerge to provide the threat and reason for the existence of maintaining a massive defense industry. The Islamic revolution in Iran in 1979 was the beginning of the new threat, Islamic fundamentalism and protecting the oil resources of the Mideast.

The Iranian revolution with the nationalization of their oil reserves controlled by British and U.S. oil companies and the holding of U.S. embassy staff as hostage's was the beginning of the new focus for the nest 45 years. One can speculate that the Iranians did the hostage affair, knowing that they could expect that military action was imminent, and the 1 year gave them time to organize a government.
The next event or action was the Iran/Iraq war which began in1980 with Iraq encouraged and supported by the west. the war lasted until 1988 and claimed the lives of over 500,000 with between 1 and 2 million casualties. Final peace did not take place until 1990. One must wonder if this was the beginning of a series of proxy wars in the global political game.

Saddam Hussein, leader of Iraq spent 10 years with the war with Iran and some suspect that he was made promises by the West, mostly by the U.S. and British. There is documented proof that April Glaspie, the U.S. ambassador to Iraq, told Saddam that the west would not get involved in land disputes in the region. Iraq had lost much of its oil fields by the British creation of Kuwait in an effort to control the oil reserves in that region. One can then speculate that possibly because Saddam had not defeated Iran and he also may have been the first to be baited into war. Iraq invaded Kuwait in 1991 and he soon found out that Glaspie or her masters had lied. This brought about a huge movement of U.S. troops to the middle east and the first Gulf war with the destruction and slaughter of the Iraqi military.

In 1979 Russia, who has advisers in Afghanistan, invaded in response to the public execution of 20 Russian advisers in Herat. The Russians were tied up until 1989 and it ended its support for other communist movements worldwide. The opposition was massively funded and supported by the U.S. and other western countries. The Islamic forces then became a proxy force that was used more times in the future, including Syria, Libya and Africa. It is estimated that 80% of the forces in Afghanistan were foreign.

All this coincided with the dissolution of the Soviet Union, which actually may have created a void in the international balance of powers. This void was openly embraced by the war advocates in the U.S. who claimed the U.S. was the sole super power and began to use that reality to behave in a fashion not present in former U.S. history.

While Russia was immersed in chaos, poverty and struggling to transition to a new political and economic system the U.S. hoped to transform the world into its view of a "New World Order " to many, that phrase used by George Bush 1, awakened fears of world government and encouraged political opposition in the U.S. 

The first gulf war resulted in the permanent formation of U.S. bases in the middle east. An anathema to Muslims in the region and eventually was the reason for the 911 attack on the U.S. in 2001. This attack was organized by Osama Bin Laudon a former Afghanistan fighter against the Soviets. Bin Lauden prophetically predicted that if the U.S. continued to meddle in the middle east they would "BLEED" the U.S. to its eventual collapse. While the U.S. is still in the region  and continues to exert its power, it is shadow of the economic and military power force that it was in 1991.

While Russia struggled in its transition, the U.S. and NATO set out the process of extending NATO membership to countries from the former Soviet Union. Russia protested, but took no action. With the election of Vladimir Putin to the presidency of the Russian federation 2000, the first elected president, Russia was able to focus on the stabilization of the country. Putin is a nationalist with a nationalist view of Russia as a sovereign and independent country. I suspect that fact is one reason why he has been hated by western leaders, who all seem to be more interested in some global end game, even if it is damaging to their own people. That and as the former leader of the world communist movement, that rejected communism, is hated by those Marxists who still exist in those same western countries. The escalation really took off when George Bush 11announced in 2008, that Ukraine and Georgia would be invited to join NATO. 

While the propagandists in the west claimed that Putin wanted to reestablish the former Soviet Union, the reality is NATO expansion is a plan to encircle and eventually dismember Russia, a plan originating in the 1970's and now understood clearly by Russia. It is clear as to the intentions and it is clear that Russia will resist NATO expansion, as an existential threat to its sovereignty. There will not be a settlement that ends with Ukraine in NATO or western troops in Ukraine, even if it leads to nuclear confrontation.

So while the war in Ukraine became hot, and some believe this was the plan, bait Russia into war and then destroy it economically and militarily, it is not working out as planned, so far at least. 

The U.S went on with war against Iraq under the false premise of nuclear weapons and then proxy wars with Libya, Syria and failed attempts in Egypt and Tunisia. We also support conflicts in Chechia, Georgia and Africa provide massive military support to Taiwan and Israel.  Much of our national debt is directly related to new peace we discovered post 1991. That and a diminishing of our image around the world.

While this conflict is between NATO and Russia, we also have the desire to hamstring China economically, force fence sitters like India to become economic and military allies of the west and at the same time insure the protection of Israel by eliminating any power that can challenge its supremacy. This is the new Cold war, a global conflict in the hope of sustaining the supremacy of the western powers, economically, politically and militarily. a hope that may have already expired in reality.

After WW2 the U.S. was the undisputed leader economically, politically and militarily and also with an image of fair play and trustworthiness. The country is no longer the leader in manufacturing capacity, a must to be supreme. It is economically bankrupt, with massive debts, as is the whole western world. It is severely divided politically with no remedy in the near future. While still having equity in nuclear weapons,  the reality of the 21st century that third world countries, while not nuclear, are sufficiently educated technically that rebels in Yemen can stave off the U.S. fleet and air defenses in Venezuela could cause serious damage to U.S. air power. It is no longer the case that nations are unwilling to challenge the Western powers. 

While the EU talks about preparing for war, but has no economic base for such an undertaking, Russia has been preparing for war in reality. A war that no one in their right mind should even contemplate. The U.S. still a world power, but unlikely to do well in an extended long term conflict, would likely need to resort to nuclear weapons in a peer power conflict. So this is again, the new Cold war, a series of threats, intimidation, economically, militarily that serious people do not want to escalate to a real hot war. The resolution cannot come from war, but facing the new reality that world has changed, it can no longer be sustained as it has for the last 80 years. Only the realization that real peace is the only solution. A peace based on mutual respect and a similar realization that was present during the former cold war, that confrontation into real war will not end well for anyone.