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.
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🇺🇸 A group of students in Lubbock #TX have started punching, kicking, and beating the teachers.. in the middle of the school day. Students can be seen dragging white teachers by the hair. How is anyone supposed to learn in this environment? It's worth investigating.
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📝 🇺🇸 🗳 Trump and the GOP built a potent political base and then dynamited it so thoroughly; an astonishing rise and fall.
The medium to long term issue is just now, the Democrats earnestly don't want to deliver much of anything to their voters either. They don't even earnestly oppose the war in Iran and obviously they are furiously stroking it to the heckin' Ukrainians more overtly that Trumps gimp suited twats did.
Can the country survive 2 years of a congress unlikely to do much except investigate and hold hearings? The economy will almost certainly crumble from energy crisis, and the wars are respectively unwinnable and not very popular. Democrats are as dedicated to Zionism as the GOP, just more lowkey about it.
The real danger for America is either a Dem slimmer majority; that tries to "AHH Schucks we couldn't get anything done.... vote for us again, just not toooooo much okay?" or a Dem giga-majority that has to just outright avoid doing anything and says "Fuck it!".
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BREAKING: Iranian media publishes instructional guidelines for Iranian citizens in preparation for the possibility of a nuclear attack:
• Avoid looking directly at the intense light resulting from the explosion.
• If outside buildings and unable to enter immediately, take shelter behind a barrier and lie on the ground while covering the head and face.
• After the blast wave passes, enter the nearest building, avoid staying to watch or take photos, and do not take shelter inside vehicles.
• Head to the basement or interior parts of the building, away from windows and exterior walls.
• Close doors and windows and turn off air conditioning and ventilation devices that draw air from outside.
• Remove outer clothing exposed to contamination without shaking it off, and place it in a tightly sealed bag away from people, without going outside to dispose of it.
• Shower with lukewarm water and soap, and use regular shampoo without conditioner.
• If showering is not...
TLDR: Basically it was a social engineering phishing attack in two parts. One of the engineers downloaded a bogus AI coding tool off of a fake link on Google, and the second engineer was tricked by a fake interviewer for a new job to download a coding “assignment” containing a virus. With those two engineers compromised they could gain access to Binance.
The takeaway here? You are only as strong as your weakest link. Social engineering remains the best way to hack systems. Also DO NOT DOWNLOAD THINGS. Check to see if the Google links are REAL, do not click links or download things for “job interviews.”
Separately phishing similar to this happens all the time on X. People will DM you posing as journalist or whatever and ask you to set an interview time by connecting your X account to some calendar. Don’t do that. In the words of Admiral Ackbar, it’s a trap.
Also separately separately nobody from Google is trying to call you. We promise you. Don’t be a mark.
Also she’s...