We know what’s coming and we are prepared.
IE: US faith in the stability of the dollar will be tested
Rumours of the death of the dollar are exaggerated, but only for now, writes the author of the article for The New Indian Express. The problems with the American currency are increasing, and the cause of this is Washington itself. Ultimately, the US will overplay their hand and lose their political prestige.
At the moment, there is no doubt in the US about the stability of the dollar as a reserve currency. However, considering the country's economic, political, and social problems, this faith will be put to the test.
To paraphrase Mark Twain's famous joke, rumours of the death of the dollar are exaggerated, although its health problems are increasing.
The problems with the dollar are mainly caused by Americans themselves. The unrestrained fiscal and monetary policies of the US - with a budget deficit and government debt at 7% and over 100% of GDP respectively - have reduced the dollar's long-term purchasing power. Since 1972, it has fallen by 99% against gold and lost 90% of its purchasing power in the market for real goods and services.
American politicians have always sought to use the dollar as a weapon to achieve their own goals, thereby compensating for economic weaknesses, such as lack of competitiveness. The US has sought to exclude foreign entities from international payment systems, such as SWIFT.
Washington imposes secondary sanctions to punish individuals and organisations that are not even under US jurisdiction. If a Russian company is under sanctions, anyone doing business with it may be subject to legal action, even if they comply with their own country's laws. This is done through a questionable system of dollar transactions that only pass through the US banking system. International banks and others have already faced legal action for operations that are legal in their own country. The threats are sufficient to disrupt dealings with organisations under US sanctions.
#3
💥 Our channel: Node of Time EN
🚜 Farmers are selling their pre-purchased fertilizer at double what they paid instead of planting a crop.
Let that sink in. It is more profitable to sit out the season and flip your input costs than to put seed in the ground.
Soybean farmers lost $100 an acre last year. Corn farmers are looking at $50 to $100 losses this year. So what is the response? Switch from corn to soybeans.
Soybeans make their own nitrogen. They do not need the fertilizer corn demands.
The problem is we are already oversupplied on soybeans. More soybeans on a flooded market just drives prices lower.
Fertilizer prices have gone through the roof. The Strait of Hormuz disruptions made it worse. Farmers who locked in fertilizer early are reselling it instead of using it.
That is how broken the commodity food system has become.
🔗 AcmeAcres.us (@idahobeef)
📞 🇺🇸 👨💻 Two national laboratories on Long Island have successfully used quantum entanglement to transmit information in open air, potentially leading to a revolutionary transformation for communications and information technology.
The FSO link — which includes the Quantum Lighthouse and Quantum Watchtower, along with a third facility under development at Yale University in New Haven, Connecticut — adds a wireless component to the record-setting quantum network currently spanning 161 miles and several institutions across Long Island and the New York metropolitan area.
Using this network, pioneered by Stony Brook and Brookhaven Lab, researchers can transmit entangled photons through commercial fiber. Because the particles remain entangled even when separated by long distances, measuring one photon instantly reveals information about its counterpart. This property, often referred to as “spooky action at a distance,” is key for the future of ultra-secure communications, ...
Subject: These cameras do it all!
Remember that I shared that red light cameras will now be issuing speeding tickets? Now they're adding headlights out or too dim?
Part of an article I found on FaceBook:
Montgomery County Activates Headlight Integrity Automated Enforcement
Rockville, MD — Montgomery County is expanding its automated traffic enforcement program with “Headlight Integrity” cameras designed to catch drivers with burned-out headlight or taillight bulbs, as well as headlights that are yellow, cloudy and oxidized from sunlight exposure.
The program uses existing red-light camera technology to detect vehicles with only one functional headlight or taillight, as well as those failing to meet minimum headlight lens clarity standards. County officials say the goal is to discourage drivers from operating vehicles with headlights that limit distance vision and jeopardize pedestrian and driver safety.
You bought it. Paid for it. But don't own it.
Starting Sept. 1, Sony will remove 500+ movies from PlayStation customers' libraries due to "expiring licensing agreements."
Not from the store. From YOUR library.
"You will own nothing..."
Somewhere Klaus Schwab is grinning. – Source
"If buying isn't owning, piracy isn't stealing."
