Economics by Wes.....
Imagine you wanted to buy things online and websites only accepted paypal. You didn't mind at first but then paypal started taking 2% more of your money each year. If they found out you did something they didn't like, they would suspend your ability to conduct any transactions. But you have to use them because all the websites you order things from only take paypal. Paypal knows this too and locked in the merchants with a 50 year agreement. Then they start taking 20% of your transactions as fees every year instead of the old 2%.
This really sucks but they are the only game in town..... Imagine what would happen if all the merchants started accepting Visa and Mastercard. All the people who hated paypal's fees and arbitrary lockout rules would cash out their paypal balance and GTFO and run to MasterCard.
Friends this is what just happened in the world last night. In 1974 the US entered into an agreement with Saudi to sell oil only in dollars for 50 years. Along the way, the US has continued to print money and devalue the dollars held in other nation's vaults for international trade. The US has imposed sanctions on countries we didn't like by locking them out of the SWIFT payment system. The EU did the same to Russia two junes ago. Russia needed to make a payment of $40M to the EU but the EU had frozen their bank account.... the money was there, the bank would not process the transaction. These sorts of stunts have made other countries hate having to deal in US dollars (ie paypal). The first alternative that comes along will have everyone jumping to it.
Presently there are about 40 nations involved in BRICS. Their combined GDP is greater than the G7 nations. Those nations no longer have to use USD and you can bet they will be cashing out of dollars.
I'm telling you this because you need to buy the things you think you will need in the furture TODAY. You will look back on this month in the next year and see an inflexion point in the chart of inflation.
How many of you hesitated to buy 9mm when it was 18c a round? Boy you'd love 18c 9mm right now wouldn't you? Boy you'd love 25c 5.56 right now wouldn't you? Don't get a year down the road and wish you'd bought a tiller or solar, or a generator.... or a spare water pump. Trust me you will look back on today and wish you had bought something.
Yanis Varoufakis (former Greek Minister of Finance) describes AI as a new form of capital that produces not goods, but behavioral modification. This is achieved by engineering perceptions.
The answers provided by ChatGPT, or the images rendered by StableDiffusion — as these increasingly inform our perceptions, they in turn define the reality we experience.
This is what makes AI so powerful — he who controls the AI, defines the reality of tomorrow.
⚡️🇺🇸 Some more things coming out for the 2026 National Defense Authorization Act (NDAA).
Under the preliminary drafts of the bill, the USAF is requesting a release of $57,000,000 USD ($57.0 Million) to retire all remaining 162 A-10 Thunderbolt IIs in current service. Apart of the 2023 NDAA, there was a clause for a few million dollars to be released every so often to gradually retire the (then) 250 airframes by 2034; however due to the push by the Dept of Defense to ‘shed’ obsolete or obsolescent airframes that cannot be overhauled or upgraded further without a whole new airframe, it appears the USAF wants to retire all 162 remaining A-10s by the end of 2026.
The USAF plans to fully divest the 340-total remaining A-10s entirely, including those that currently serve in a handful of Air National Guard units in some states; which will be replaced by F-15EX Eagle IIs (like what is already happening with the Michigan State Air National Guard’s A-10s), or F-35A/Bs.
Included ...
My older sister lives in the country in between Velma Oklahoma and Duncan Oklahoma near the Fuqua Lake area, this story was told by a rural mail delivery woman who delivers the mail in the country.
The incident happened while she was on her route, when she came upon to the mailbox a male Chinese nation came out brandishing a, AK-47 rifle being very hostile,
I don't know if he pointed it at her since it is against the law to do so but she was terrified and said she was never going back and that the location that had a guard tower. Was the sheriff department notified, I don't know, did she notify her supervisor, don't know. But word is from the country folk who live in the area they have seen the guard tower at the pot place;
I refuse to call it a farm because it is an insult to farmers.
And yes she was traumatized by that ordeal