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Books, Films, Arts & Education

07.11 7,000+ Colleges and Universities Declare Climate Emergency and Unveil Three-Point Plan to Combat It [Fox News and Betsy DeVos never talk about this stuff so it must be Bull Shit, right?]

Letters

Ref. : Letters to the editor

Health Care & Environment

07.17 ‘Off-the-charts’ heat to affect millions in U.S. in coming decades

07.17 Planned Parenthood president Leana Wen forced out by board [Given that states have lost abortion rights on political grounds recently, Wen's philosophical approach to protect abortion rights based on ‘health care’ was smarter – therefore it was that smarter strategy that was killed at the secret meeting.]

07.17 Billions of air pollution particles found in hearts of city dwellers

07.17 What is happening in America's Cancertown is tragic, immoral and evil [Niggardly white government policies could change to produce better students, better jobs and net revenue instead of costs. But it seems they enjoy more cruelty—like Trump.]

07.16 US aid cuts to UN agency will hurt vulnerable women and children, critics say

07.16 Trump abortion restrictions in effect for taxpayer-funded clinics

07.15 The response to DRC’s Ebola crisis isn’t working. Here’s what we need to do

07.15 Extinction Rebellion protests block traffic in five UK cities [Non-corporate human animals make their annoying bleating sounds...]

07.14 A Glacier the Size of Florida Is Becoming Unstable. It Has Dire Implications for Global Sea Levels [The willfully ignorant needn't read more, Trump]

07.13 'Climate Despair' Is Making People Give Up on Life [Willfully ignorant governments—having fired many of their best scientists—have made themselves too stupid to despair]

07.13 Trump administration to approve pesticide that may harm bees [The worst government money can buy!]

07.12 These solar panels don’t just generate power—they produce drinking water

07.12 David Attenborough: polluting planet may become as reviled as slavery [1:34 video]

07.10 Plastic Has A Big Carbon Footprint — But That Isn't The Whole Story [Fixing our world begins by educating your consciousness with the best truth from trustworthy news sources—so you'll then insist truly bad things will get fixed. But if instead you are educated by untrustworthy news sources—then your consciousness could be warped to where you are hating and fighting with your best friends. Clue: untrustworthy news sources never seriously report news about the world's most critical emergency—Global warming.]

07.10 Molly Scott Cato: ‘It’s the wealthy who are causing climate change’

07.09 Judge reinstates Madrid's low emissions zone [Yeh!]

07.07 How Solar Panels Work (And Why They're Taking Over the World) [Hope they leave space between panels for wild flowers to grow so birds and butterflies can flourish!]

07.05 Tree planting 'has mind-blowing potential' to tackle climate crisis

07.04 On reflection: how the 'albedo effect' is melting the Antarctic

07.04 US produces far more waste and recycles far less of it than other developed countries [As expected—and made worse by Trump—the U.S. is best at being the worst]07.03 Booming LNG industry could be as bad for climate as coal, experts warn

07.03 Deep-sea mining to turn oceans into ‘new industrial frontier’

07.03 Caravan of Americans battling diabetes heads to Canada for affordable insulin [3:36 video; Like Central Americans flee for their lives from criminal drug gangs, Americans flee for their lives for affordable pharmaceutical drugs]

News Media Matters

07.18 In Sinclair's New 'Must-Run' Segment, Former Trump Adviser Tries to Defend Racist Attacks on 'the Squad'

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

07.18 Deadly Delays in Jail Construction Cost Lives and Dollars Across California

07.18 Inside Trump's DC hotel, where allies and lobbyists flock to peddle their interests [Also, too much ignored by media, the $millions "donated" corrupting moderate Democrats and Republicans every election cycle must stop]

07.18 This Republican's Case for Medicare for All [A well-informed Republican is rare, so let's hold him in the light so others may learn]

07.18 Trump rally crowd chants 'send her back' after president attacks Ilhan Omar [1:03 video shows Trump pandering to his ignorant idolaters, and together they're making America a greater shit-hole country]

07.18 "Can't Change a Corrupt System by Taking Its Money": Sanders Urges All 2020 Democrats to Reject Insurance, Big Pharma Cash [48:58 video]

07.17 Why Democrats’ oversight machine is moving so slowly against Trump

07.17 Here's the real reason Trump is attacking 'the squad': he's scared of their politics

07.17 'Good,' Says Elizabeth Warren, After Billionaire Right-Winger Peter Thiel Says She's 2020 Democrat He Is 'Most Scared By'

07.17 The American Right Defines Patriotism As Complacency About Racism

07.17 This is what today's America looks like. The squad is us

07.16 As Trump Sows Discord, Chief of Staff Mulvaney Reportedly Focused on 'Building Empire for the Right Wing' [And the South shall rise again...]

07.16 George Will's startling assessment of Donald Trump

07.16 Describing 'Future We Want to Live In' Scores of Groups Unveil New Blueprint for Reproductive Rights

07.16 'Do not take the bait': congresswomen denounce racist Trump attack [3:50 video]

07.16 Money Laundering Scandal Forces Puerto Rico’s Governor to Cut His Vacation Short — Just in Time for Another Scandal

07.16 Turnstile teaching [The problem is NOT the color of students skin, as our fake President reflexively thinks. The problem is the lax attitude and deficient funding by government to always do a much better job for a better future.]

Justice Matters

07.16 Contempt [Variations of frequent loss & theft of property title by organized legal efforts against black owners]

07.15 Australia 'deeply concerned' about China's treatment of Uighur people [What are the reasons, exactly, that justify harsh imprisonment of a million people?]

07.15 Zuma tells South Africa corruption inquiry he is victim of foreign plot [Unaccountable corrupt governments are so in fashion these days...]

07.14 Warren vows to probe U.S. crimes on immigrants if elected [Can you imagine living in a nation with a working Justice System? How far we've fallen!]

High Crimes
Economics & Corrupt Capitalism

07.18 Corporate tax cuts blocked at least 15,000 affordable homes in California. Here’s how

07.15 China’s Economic Growth Hits 27-Year Low as Trade War Stings

International & Futurism

07.18 There are 16 million slaves around the world making our stuff

07.18 ‘No rioters, only a tyrannical regime’: Thousands of Hong Kong seniors march in support of young extradition law protesters [Most people around the world have more in common with these Hong Kong Chinese protestors than with the ignorant people at Trump rallies]

07.18 Dozens Arrested as Over 1,000 Jewish Activists and Allies Shut Down Entrances to ICE Headquarters Demanding Closure of Trump Detention Camps [Obviously these are not the immoral and less educated right-wing jews who support Netanyahu, Trump and ICE, and who slowly exterminate Palestinians when no one is looking]

07.17 Trump Murdered the Iran Deal—And Europe Isn’t Too Happy About It [Only psychopathic Saudi Arabia and Russia are U.S. ’allies’ now...]

07.17 Trump’s Unlawful Asylum Policy Is a Jab at Mexico

07.16 Trump’s race fantasy is clear: the US as home for whites fleeing Europe [1:09 video]

07.15 India’s Terrifying Water Crisis

07.15 Australia now has the highest minimum wage in the world [From 1960 to 2018 – the U.S. has fallen from 1st place to below the tenth place and off the chart]

07.14 Kasich: The chilling effect of British ambassador's leaked memos

07.14 'Just a matter of when': the $20bn plan to power Singapore with Australian solar

07.14 At least 24 Yellow Vests lost eyes in violent protests. Now they're more determined than ever [Protests of all kinds will continue until systemic inequality loses political dominance]

07.13 New Zealand Begins Gun Buyback Prompted by Mosque Attacks

07.13 After a Police Shooting, Ethiopian Israelis Seek a ‘Black Lives Matter’ Reckoning [Since so-called modern humans evolved there have been 10,000 generations of people. It is extremely far-fetched to think anyone is racially pure. SO ALL THIS HATE IS INCREDIBLY STUPID.]

07.13 After a Police Shooting, Ethiopian Israelis Seek a ‘Black Lives Matter’ Reckoning

07.13 Brazil’s President May Appoint Son, Friend to the Trumps, as Ambassador to U.S. [Friend of the Trumps, so we know they're all brain-dead except about near-term profits. They are clear-cutting the Amazon Rain Forest to feed-then-butcher millions of methane farting cows, over and over. Yep, that's there business plan. So therefore the rest of the world will hopefully plant billions of trees elsewhere to sequester CO2 to offset what the Bolsonaro family and investors are destroying. What's wrong with this picture?]

07.13 Trump’s Cruelty and Mexico’s Duty [Our president is immoral to his core and reacts to things like a child, not understanding that his actions are often crueler than they should be. And that cruelty will never completely be excused or forgotten—the people's hatred of Trump is growing, like the Texan's hatred when President General Santa Anna laid seige to the Alamo, which was Mexico's territory at the time...]

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  Thinking About Reserves

COMMENTARY:

Thinking About Reserves

How can we know a dollar's value if we don't know dollar reserves?

by Fred Cederholm
I am convinced that very few know how many pallets full of US currency are sitting in the vaults worldwide! Those who know aren’t talking, and are getting worried BIG time! None will share their growing concerns publicly.

I’ve been thinking about reserves. Actually I’ve been thinking about currency, the US Dollar, the EURO, the Ruble, the “GLOBIE,” the Yuan/Renminbi, and perceptions. Almost all of the recent talk and economic debates have focused on deficits, debt, and printing more money. The headlines tell us how the US is heading to a financial Armageddon, the EURO is about to implode, BP may not survive the ramifications of the Gulf oil leak, and this will be a Summer/Fall of bankruptcies at all levels --- personal, corporate, local, state, and Federal. News rarely springs upon us without notice. Prophetic pundits and writers are always playing the harbingers of what is to come. For the most part they are proven dead wrong. Or, if you wait long enough every prediction becomes at least partially correct. Still... now and then, there are the occasional stories which surface (maybe even in clusters) that should put us on the alert for coming changes. I feel we are witnessing such an occurrence right now.

You see with all the talk about the negatives hovering over our planet, SOME governmental units and figures, entire countries, corporations, banks, and individuals are doing VERY, very well. Locally, the news is shaping up just fine. The corn will be knee high by the 4th of July (it is already waist to chest high now.) Roads are being fixed. Pot holes are being filled. And, the local SUPER (DUPER) Wal-Mart in Rochelle, after years of bickering and delays, will commence construction. I had another great blood test. My walking continues to improve. God is in his Heaven and all is right with the home front world!

When “you” find your own situation improving, you increase consumption/ spending, or you save and accumulate assets and wealth in the form of reserves. Reserves are good, or they can be. Yet, there is a negative side to this favorable situation as well. Money (yes, even the fiat currency with nothing but promises and hot air behind it) is a major store of value. Up to World War II, the British Pound significantly ruled the roost, but it was beginning to lose ground to the US Dollar. The global boom post WWII pushed the Buck to the forefront. Any connection of gold or silver to money ended in 1972. Paper and promises ruled! The US sold far more than it bought, and US/us literally became the “paper” owner of the world --- we held far more global currencies in reserve than anybody. (He, who has the most toys, wins --- and we were “winning.”)

American consumption of all things “foreign” soon reached a frenzied pace. Decades of trade deficits and a growing globalism saw much of our accumulated surplus (or reserves) evaporate. We still hold untold bunches of “goodies and stuff,” but we have devolved from the world’s greatest creditor, to the galaxy’s biggest consumer/borrower. Not to worry... the dollars accumulated and held world wide “were” as good as gold, or were they? For some time now, the US Buck has been the world’s reserve currency. It is the official currency of OPEC --- you want OPEC energy, you gotta pay in US Dollars. You used to be able to go to the US Treasury website and readily determine how many Bucks and Dollar denominated equivalents were out there. The numbers became gargantuan, and the M’s (or money supply numbers) were “consistently” compiled. I am convinced that very few know how many pallets full of US currency are sitting in the vaults worldwide! Those who know aren’t talking, and are getting worried BIG time! None will share their growing concerns publicly.

Concerns have sent the moguls of the world looking for an alternative to the Dollar. Their search has been hard --- and futile. There are just too many Dollars being held out there and there is no one substitute out there either. Any change over WILL occur eventually, but it will take years! Many writers/ economists/ monetarists saw the EURO as the coming substitute. The Treaty of Maastricht convinced me otherwise due to the limitations and constraints placed upon printing of EUROs. Events in Greece have taken a toll, and we have yet to see full impact of Portugal, Italy, Ireland, (Greece) and Spain -the PIIGS.

Two years ago as a guest on the Venezuelan News Hour, I foresaw (or proposed) an energy backed currency. Very few nation states are in a position to issue a therm or BTU backed money. These include Russia, Saudi Arabia, Iran, Iraq, and Venezuela. None of them are really on the world’s A-list right now. Last week, Medvedev of Russia foresaw the Ruble (energy backed???) becoming a world player in the reserve currency system. Is this the first feeler being put forth on what I suggested two years ago? Would the Russian Ruble Become the world’s first “THERMIE?”

We also saw a mock up of a new global coin enter the game, the “GLOBIE.” What would be its backing, or guarantees? Who would issue it? There were rumblings of a much needed re-valuation of the Chinese Yuan/Renminbi. What would the Chinese monetarize in any global play to enter the world’s reserve currency stakes? Their unending supply of cheap labor? Time will tell... Ah to live in interesting times...

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.


Copyright 2009 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at asklet@rochelle.net.



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This story was published on June 21, 2010.

 

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