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.
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The Phantom MK1 is the first US humanoid robot built explicitly for combat.
$150k per unit. Ballistic armor.
Stealth coating that hides it from thermal sensors.
Can carry 20kg of weapons or equipment.
Reports claim two units are already being tested on the frontlines in Ukraine.
War is about to look very different...
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⚡️ - Some of my observations, now that nearly a month of this (4 day) war has passed:
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Israel's interceptor arsenal, except the Iron Dome, has hit a critical stage more than a week ago. It's "Arrow-II/III" inventory is nearly completely depleted; thus the chance of impacts increased exponentially.
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The degradation of CENTCOM radars has been apparent since the very start of the conflict, after Iranian strikes. To compensate, the USAF has been conducting more AWACS sorties, including "E-3B Sentry", "E-2 Hawkeye" AEW and "U-2".
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Israel expended a large % of it's stand-off munitions in this campaign, nearly half. This would not be the case if their use was not necessary.
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The IAF and the USAF are capable of entering deep into Iranian airspace due to established air-corridors made possible through Iran's mountainous terrain, which also makes Iranian IADS coverage limited. This is paired with the US Navy's TLAM strikes targeting these installations, alongside USAF HARM strikes & EW jamming ...
🇨🇭🏦 Is this the beginning of a repeat of Lehman Bros 2008?
UBS just halted withdrawals of a $469 million real estate fund and told investors they can't have their money back for up to 3 years.
Why does this matter? Back in June of 2007, Bear Stearns did the same thing at two of their hedge funds. One year later, Lehman Brothers collapsed and the global financial crisis happened.
UBS looked at their real estate portfolio, realized the buildings are not worth what they paid for them and they cannot sell them without admitting HUGE losses.
Commercial real estate office vacancies are at record highs. Buildings are worth a fraction of what they were. Everyone has been trying to avoid marking their portfolios down to actual current value. But they cannot ignore it any longer.
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Do you understand what just happened?
A guy in Florida asked ChatGPT to sell his house. Not help him sell it. SELL IT. Pricing, Marketing, Showings, Contract.. Everything.
Sold in 5 days.
The average real estate agent takes 6% commission. On a $400K house that's $24,000. For what? Putting it on Zillow and sending you emails?
This man paid $20 a month for ChatGPT and did the whole thing from his couch.
Real estate agents spent 20 years telling you the process is too complicated for normal people. That you need a professional. That the paperwork is too risky without them.
It was gatekept.
And a chatbot just kicked the gate open..
Lawyers are next, Accountants are next, Financial advisors are next.. Every profession that made you feel stupid so you'd pay them is about to get the same treatment.
The middleman economy is dying. And it's not dying because AI is smarter than them.. It's dying because AI proved you were always smart enough to do it yourself. You just weren't allowed ...
