Sitrep G7 (G20): Note from Maria Zakharova
https://therussophile.org/sitrep-g7-g20-note-from-maria-zakharova.html/
TopWar.ru (Russia)
The German publication reports that the PzH 2000 self-propelled guns fell into the hands of the Russian military
https://en.topwar.ru/198527-nemeckoe-izdanie-soobschaet-o-popadanii-sau-pzh-2000-v-ruki-rossijskih-voennyh.html
RT — Question More (Russian state-sponsored media)
US general frets over Chinese weaponry ("China is building its arsenal of new weapons five to six times faster than the US and at a small fraction of the cost…. 'In purchasing power parity, they spend about $1 to our $20 to get to the same capability,” US Air Force Major General Cameron Holt said at an industry conference in San Diego. 'We are going to lose if we can’t figure out how to drop the cost and increase the speed in our defense supply chains'.” Are they just figuring this out? And Russia is not too much different.)
Asia Times
US air defense system delivery hopes to save Kiev—NASAMS is same system that protects the White House’s air space but significantly has never been proven in battle
The German publication reports that the PzH 2000 self-propelled guns fell into the hands of the Russian military
https://en.topwar.ru/198527-nemeckoe-izdanie-soobschaet-o-popadanii-sau-pzh-2000-v-ruki-rossijskih-voennyh.html
US general frets over Chinese weaponry ("China is building its arsenal of new weapons five to six times faster than the US and at a small fraction of the cost…. 'In purchasing power parity, they spend about $1 to our $20 to get to the same capability,” US Air Force Major General Cameron Holt said at an industry conference in San Diego. 'We are going to lose if we can’t figure out how to drop the cost and increase the speed in our defense supply chains'.” Are they just figuring this out? And Russia is not too much different.)
https://www.rt.com/news/558676-china-us-new-weapons-speed/
US air defense system delivery hopes to save Kiev—NASAMS is same system that protects the White House’s air space but significantly has never been proven in battle
Stephen Bryen, senior fellow at the Center for Security Policy and the Yorktown Institute
https://asiatimes.com/2022/07/us-air-defense-system-delivery-hopes-to-save-kiev/
Our Entire Civilization Is Structured Around Keeping Us From Realizing We Can Do This
Caitlin Johnstone
https://caitlinjohnstone.com/2022/07/09/our-entire-civilization-is-structured-around-keeping-us-from-realizing-we-can-do-this/
Dysfunction
https://www.moonofalabama.org/2022/07/dysfunction.html
Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University
Russia Says It Will Increase Gas To Europe Under One Condition
Irina Slav
https://oilprice.com/Latest-Energy-News/World-News/Russia-Says-It-Will-Increase-Gas-To-Europe-Under-One-Condition.html
Canada Reportedly Dodges Own Anti-Russia Sanctions to Ship Nord Stream 1 Turbine to Germany
https://sputniknews.com/20220709/canada-reportedly-dodges-own-anti-russia-sanctions-to-ship-nord-stream-1-turbine-to-germany-1097130861.html
UK Kicks Off ‘World Class’ Basic Training of 10,000 Ukrainians Every Four Months to Throw at Russia
https://sputniknews.com/20220709/uk-kicks-off-world-class-basic-training-of-10000-ukrainians-every-quadrimester-to-throw-at-russia-1097129658.html
(W.E. Talk) Dialogue: When Drucker 'meets' Confucius (" Whereas Confucius advocated "harmonious culture" and a "harmonious yet different" social order throughout his life, Peter Drucker similarly worked on the concept of "synergistic effectiveness" as his goal." Systems thinking.
Siyuan Tao
http://www.ecns.cn/cns-wire/2022-07-09/detail-ihazynnw3911824.shtml
13 comments:
Looking at the Macro picture for the $ nobody can explain it.
It has been completely kept out of the narrative because it is unexplainable.
Running a trade deficit = Bearish
Running a budget deficit = Bearish
Hiking rates = Bearish
Inflation = Bearish.
Any currency trader worthy of the name would be shorting the $ like crazy but it keeps getting stronger and stronger.
Most of the so called experts just shrug their shoulders. They can't explain it.
Have they then put US oil on a $ standard like Chris cook says they have since 2017?
Well we are about to find out soon enough. If the $ starts to weaken when oil starts to tumble in the future. If the $ stays strong as long as the oil price is high, for me it would be the only logical answer and Chris was right.The
All of the fundamentals point to a weaker $.
How else could you explain the $ behaviour as it continues to act the complete opposite of macro 101 ?
I'm all ears. If anybody has any other rational explanation.
Stop these riots and protests and shortages in the poorer countries they are going to have to come up with a way to weaken it.
How are they going to do it ?
Considering ...
Running a trade deficit = Bearish
Running a budget deficit = Bearish
Hiking rates = Bearish
Inflation = Bearish.
They need to weaken it to stop riots and protests and shortages and a debt crises in the poorer countries.
The " smart" money has to be loading up and getting on a weaker $ ?
I'm all ears. If anybody has any other rational explanation.
The US dollar is the leper with the most fingers. Robin Brooks predicted the Euro would sink to parity with the US dollar, and it's practically there. The current exchange rate is 1 Euro = 1.02 US dollars. The ECB can't tighten monetary policy because of the PIGS. Also, Germany just reported its first monthly trade deficit in 30 years.
An article on Seeking Alpha by Lyn Alden Schwartzer.
The European Central Bank Is Trapped - Here's Why
Everybody has retreated to the dollar because that's what the playbook says to do.
Just as every central bank has hiked interest rates because that's what the playbook says to do.
Just as financial sanctions have been imposed on Russia because that's what the playbook says to do.
The mass psychosis is not doing anything rational. They are just doing what everybody in their peer group expects to see done.
This isn't about making the economy better. This is about those with money using the captured state to defend their position against inflation.
Interest rates will go up so they get free money from the state. Taxes will be cut so they get to keep the money they have. Everybody and everything else be damned.
Austerity will then come back into fashion. Government spending will be cut and everything will collapse into a hole again.
What we have to do is be ready with the alternative for when the happens.
Stan Druckenmiller will be surprised if he doesn't short the dollar at some point in the next six months.
Here's How Stan Druckenmiller's Strategy For Investing In Bear Markets Has Changed
https://www.forbes.com
"They are just doing what everybody in their peer group expects to see done."
That's so true but gold was normally were they went to. The financial crash and the pandemic the $ never strengthened this much. Basically all the fundamentals are against it.
They always speak out of both sides of the same mouth saying different things.
Inflation kills a currency
During the 70's inflationary period cash done really well.
That's what is coming out of the same mouth at the moment.
$
https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-foreign-exchange-reserves@2x.png?s=unitedstaforexcres&v=202206251005V20220312&url2=/united-states/currency
Euro Area
https://d3fy651gv2fhd3.cloudfront.net/charts/euro-area-foreign-exchange-reserves@2x.png?s=emuevolvforexcres&v=202206181001V20220312&url2=/euro-area/currency
The above "could" be driving most of it. Why I want to watch the release dates. If it is it will be a licence to print money.
Lyn Alden Schwartzer article is too mainstream for me Ahmed.
It falls into "They are just doing what everybody in their peer group expects to see done" box.
Here's a discussion with Hugh Hendry and Matthew Pines from a couple of days ago.
Mathew Pines job was to model the unthinkable for the US security services. Hugh Hendry pushes him on when he does his war gaming how did he war game monetary and fiscal policy. Based on how Hugh Hendry thinks it works. When it comes to the economics of geopolitics.
https://m.youtube.com/watch?v=XmqRjrcgwD4
I found it fascinating as the discussion ignored domestic economic policy and really centres on the geopolitical economics. Which I think drives the domestic economic policies anyways. Why when the FED performs monetary policy they are not even thinking about the American people.
The discussion is a long one but fascinating and ticked a lot of boxes for me on how I see things. What I've been saying on Billy Blog for a while now.
The smart money are or is shorting the $.
That's the way I see it.
Let's see what happens.
If they have been shorting the dollar they have to be broke.
Not if they have been just selling the rallies since the hikes.
Or like Stan Druckenmiller and getting ready to be involved.
The zombies used to run into gold and then when rate hikes started ran out out of gold and got 🔥.
Matt you will like the Hugh Hendry and Matthew Pines discussion.
Talks a lot about $ zombies.
Also how the blob learns from its mistakes and absorbs all points of view and prevents any real change. That was Matthew Pines job.
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