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
China is now closing mosques and converting them into barns for raising chickens as a way to fight radicalism. China officially considers Islam a ‘mental illness.’ Do you like this idea?
🇺🇸Join👉 @SGTnewsNetwork
📎 X (Twitter)▪️Truth Social
Feds warn [again] of ongoing cyberattacks on controllers (PLCs).
A joint (FBI/NSA/CISA/DOJ/DOE/EPA) advisory has again warned that cyberattacks are targeting the Siemens S7 PLCs used across "critical manufacturing, energy, water & wastewater, chemical, food & agriculture, and commercial facilities."
The advisory specifies "This is not a theoretical risk—it is an active threat" (which feels like LLM to me with the "not an X but Y" and em-dash, but hey ... let's set aside the issue of intelligence agencies using ChatGPT to craft their advisories :-p )
Actors are scanning the internet for exposed/insecure Siemens S7 devices and using AI-generated exploitation scripts to access and control them.
This tracks with the recent attacks on water systems in multiple states recently, and the threat escalation throughout the year, generally blamed on "Iranian hackers" such as Handala. It's been a drip-drip-drip in the mockingbird media which seems to be setting the stage for the WEF's ...
A teenager was murdered and his testicles removed by a gang who believed they could sell them for nearly £100,000 on the black market, Indian police have said.
The suspects, allegedly inspired by a social media video promoting a false claim about the value of human testicles, killed Rehan, aged 17, before cutting his testicles off with a blade.
Police arrested the prime suspect, Zoheb Khan, a 20-year-old business student, and Aamir Qureshi, 18, and detained three minors.
Investigators alleged that Khan recruited the group and convinced them that testicles could fetch about 12 million Indian rupees (£92,465) on the black market in the Gulf.
Japan's 10Y Bond Yield chart is something for the history books.
This is definitely not normal. https://t.co/YlD8kOFh3f
(@TheKobeissiLetter)
