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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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?
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🤖 Israeli software firm, Irregular, is behind the Anthropic and OpenAI cyberattacks on Meta
Irregular in collaboration with software engineers from Anthropic and OpenAI instructed unsecure experimental AI models to hack into specific targets called "flags".
The AI models were given "accidentally" access to internet and in some cases hacked into the servers of specific companies because the "flags" bore the names of said companies, Meta being one such case.
After the hack was discovered by Meta, Anthropic's engineers went on a press tour to announce the AI-pocalypse falsely claiming that their AI models "went rogue" when in reality, they specifically instructed their AI models to conduct cyberattacks.
Anthropic's own logs completely debunk the rogue agent theory.
When Anthropic explicitly instructed their own models not to access the internet, they didn't. These hacks were easily preventable - not only by revoking internet access, but by simply asking the models not to.
Irregular's ...
🇺🇸⛽️ US refiners face historic stress test as global crisis looms
U.S. refineries have operated near maximum capacity for the longest sustained period in over a quarter century, scrambling to capture windfall profits created by the Iran war. But history offers a cautionary tale: “Super refining” runs that push plants too hard can cause major failures.
This has global implications. U.S. refineries’ ability to sustain today’s elevated operating rates for months, or potentially years, could mean the difference between an exceptionally tight global fuel market and a full-blown supply crisis marked by acute shortages, demand destruction and widespread economic pain.
The result of the U.S-Israeli war on Iran has been a collapse in global fuel production. Global refinery throughput in July fell to 81 million barrels per day (bpd), nearly 5 million bpd, or about 6%, below the level at this point last year, according to the International Energy Agency (IEA).
The U.S., the world's largest ...
📝 🇸🇪 🚷 Peter Sweden on X: 35.7% of the population in Sweden now has a foreign background.
Only 64.3% of the population has a Swedish background.
Swedish people are already a MINORITY in the third largest city of Malmö.
Here is what the media doesn't tell you about Sweden.
New statistics show something that would have been unheard of in the 90s.
What would you think if I told you that Sweden is changing, it is happening fast.
In fact, Swedish people are now already a minority in Malmö which is the third largest city in the country.
If you had told someone in the 90s that this would be the case, then you might have been labelled a ”far-right conspiracy theorist”.
However, it is happening.
The borders are still wide open in Sweden it seems. Because since 2020, around 600.000 people have gotten residence permit in Sweden. That is over 5% of the population in just a few years.
Some on the left see this as a good thing, with more cultural diversity.
But others on the right think this is going too far....
