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Petroleum-backed Dollar

1 Apr

April 1, 2012

Petroleum-backed Dollar

The US dollar fiat currency is, contrary to the view of many experts, backed by a mineral. It’s not gold or silver but petroleum.

This is what the struggle in the Middle East. It is all about control of the access or transportation routes for petroleum and natural gas. If the United States controls the access/transportation routes, then it can control the currency in which petroleum and natural gas are sold.

The US dollar is propped by the fact that petroleum and natural gas are sold in US dollars. Any threat to this must be extirpated: witness Saddam Hussein and Muammar Khadafi. That is why so much pressure is being applied to Iran, which has threatened to set a petroleum bourse.

The US military is used to defend the petro-dollar. The US doesn’t care who buys the oil so long as it is in US dollars.

The fact that the US dollar is backed by petroleum allows the US to create hundreds of billions, even trillions, of dollars out seemingly thin air.

The US government is willing to immiserate its own population to pay the costs of its military actions, so that the elite can have access to all the benefits of speculation and military conquest.



26 Mar

March 26, 2012


Freedom: Getting what you asked for


There are many in the blogosphere who have taken on the libertarian ideology like a newfound religion. Like most religious converts, they are blind to the fallacies of their new security blanket.


We don’t need government for anything, they say. We shall home-school our children. We will not pay taxes. We want to be free.


Okay, so who will build your roads? Who will clean your water? Who will take care of your sewage?


Everyone for himself, they say. We want a utopia of “freedom”, they say. Instead, they will get a utopia of chaos where a ‘man’s life is solitary, poor, nasty, brutish and short’, to quote Hobbes.


Freedom from government and regulation? Isn’t that what we have now? And, of course, the most powerful in society, the big corporations and the financial elites, have all of the freedom that the libertarians are calling for. And look at the mess we’re in.


It was freedom from government regulation that caused the BP oil spill in the Gulf of Mexico and, to a large extent, the Fukushima nuclear disaster.


It was freedom from government regulation that has caused the world economic crisis.


It was freedom from government regulation that has led to the rise of the fraud that is genetically modified food and patents on life forms.


It was freedom from government regulation that has led to the pharmaceutical quackery industry that has inventing diseases and drugs that are more toxic than the illnesses themselves.


It was freedom from government regulation that has led to horrors of processed foods, e-coli and listeria outbreaks.


All governments have been hijacked by the rich and powerful, leading to economic dislocation, wars, and environmental catastrophe.


Government is good if it takes care of the general welfare of the population. Government is bad if it becomes an instrument used by a powerful few to impose their will on the many.


I advocate the return to the Rule of Law, where the individual’s rights are guaranteed and protected, and are considered of greater importance than the interest of the tribe, religious group, or corporation.


I advocate the application of laws and regulations to control powerful interest groups whether they are industries, corporations, political action groups, religious and tribal advocacy groups, etc.


I call for the return of strong government to take care of those things which are for the general welfare (water, roads, electricity, etc.) and the ability to raise taxes from individuals and corporations according to their ability to pay.


And I advocate Equity over Equality. We are not all created equal, although we should be equal before the law. There will always be people who are better than others at doing certain things. I advocate that a person be rewarded equitably, according to the capital he puts into an enterprise. This capital may consist of money, physical and/or intellectual effort, etc.


These are the four factors I advocate:


  1. The Rule of Law
  2. Individual rights above all else
  3. Strong government for general welfare
  4. Equitable rewards


As an aside: Franklin Delano Roosevelt came from a banking family and was a member of the ruling elite. He saved the ruling elite from themselves by imposing government regulations to moderate their greed and restore the American economy.



Bursting the Bubble

23 Feb

February 15, 2012

Bursting the  Bubble
In 1900, the world’s population was about 1.6  billion. Then came that fantastic resource called  petroleum. This substance was the basic ingredient in a number of products such  as gasoline and plastics.
Chemists soon discovered that petroleum could be  used to produce fertilizers (to enhance plant growth), pesticides (to kill the  animals that eat the crops) and herbicides (to kill undesirable plants that compete  with the crops for nutrients).
Fuel from petroleum ran the machines that planted  the seeds and harvested the crops, and took the crops to market. This same fuel  was used in the processing, packaging and preservation of these  crops.
The supply of food grew abundantly. This led to a  population explosion. Now in 2012, a mere 112 years later, we have 7 billion  people on this planet. That is a 338% increase in population in just over a  century.
This increase in population is based upon a weak  foundation of drugged-up soils and drugged-up plants. Soils have been drained of  their nutrients and are sustained by steroids called  fertilizers.
Take a look at some of the severe side effects of  steroids on the human body and you can get an idea of what is happening to some  of the world’s arable land.
I have to side with the United Nations Millennium  Project on this issue, because it is obvious that the world’s population can’t  keep on growing indefinitely.
I know that there are some who think that there’s  some sort of conspiracy afoot aiming to radically reduce the world’s population.  They point to the Georgia Guide Stones and an assortment of other half-baked  theories. They also blithely state that the entire population of 7 billion can  fit into the state of Texas. This is an infantile argument. Putting the world’s  population into Texas is fine only if you like the idea of living in a feedlot,  knee-deep in excrement.
These jokers also say that the problem is not  over-population but rather under-population. Oh sure, as if countries in Africa  and Asia face famine because there are not enough mouths to feed. Now that’s voodoo economics!
And there’s so much empty space on this planet  that needs to be filled. There’s a reason that places like the Sahara and Gobi  deserts, Siberia, Greenland, northern Canada and Antarctica are sparsely  populated or completely unpopulated, and I will not go through the  reasons.
On average, just over 10% of the world’s land is  arable, that is, suitable for growing crops. In India, an amazing 55% of the  land is arable, and people still go hungry. But what about all that basmati rice  from India?  you ask. Doesn’t  matter, people are still going hungry in India. Czarist Russia became known as  the breadbasket of Europe (basket case, surely) when the Czar ordered wheat to  be exported for foreign exchange, but this came at the cost of millions of serfs  going hungry.
Another 40% of the world’s land is considered  agricultural in that livestock are raised there. The production of meat requires  a lot of nutrients: one kilo of meat requires up to 10 kilos of grain, making  livestock an inefficient source of nutrients, unless you pump the animals with  steroids and anti-biotics.
Finally, there are those who say that you need  population growth in order to sustain economic growth and prosperity, the old  trickle-down effect. I such that they change their old economic paradigm based on the perpetual growth ponzi scheme, and replace it with one based on increased happiness and individual liberty derived from a more rational use of  resources.
Those who rail against population control are  often religious fanatics who blindly drink the kool-aid of their superstition.  Others see depopulation conspiracies. (Conspiracies do exist, but you need a  cold, dispassionate eye to seek out, identify and stop them. First, you need to  free your mind of all superstition, so that you may clearly see the threats to  individual liberty of body, mind and- if you it exists –  soul.)
In the end, it doesn’t matter what you and I say  or think. The way things are going Mother Nature and human folly will combine to  bring about a spectacular and uncontrollable reduction in world  population.
Have a nice day.

Too Clever

23 Feb

February 3, 2012
Too  Clever

It’s written somewhere that it takes a man of exquisite intelligence who can find a way to kick himself in the ass, out the  door and onto the street. We see this act of auto-expulsion (calcitratus  sui?) taking place throughout the declining  West.
With stagnant economies creating massive and permanent unemployment, with debt reaching the stratosphere, the situation has  gone beyond ridiculous.
To paraphrase the Bard, “The first thing we do,  let’s kill all the bankers!” They who create credit (“credere” blind faith, surely) and  money out of thin air. They who lend money with the objective of entrapping the unwary and taking their possessions. They who fool governments into bailing them  out, while forcing their populations to absorb punishing austerity. Surely, the  bankers are the ones who must be put to the guillotine.
It is said that Greece’s creditors must take a  70% haircut. Do you really believe that they will suffer? After all, they lent  the Greeks money that was created out of thin air, out of nothing. The bankers lent the Greeks money that they, the bankers, never had in the first place. They never physically had the money. The bankers lent money made out of bits and bytes. The Greeks pay principal and interest with real money created out of their blood and sweat.

For the bankers, it is deus ex machina, indeed, for the bankers see themselves as the gods of Mount Olympus and  the mortals must face the consequences. The bankers, and the less-than-one-percent they  represent are wedded to their delusions of grandeur. The whole world must wallow in misery in the neo-feudalism/neo-collectivization while the bankers (Wall  Street, the City of London, the Rothschilds (red shield), the Rockefellers, the Council on Foreign Relations, the Trilateral Commission, technocrats, the WTO, the IMF, the Bilderbergers, etc.) bask in  luxury and self-congratulation.
Fellatio by any other name is still fellatio – to  paraphrase the Bard once again. Now we see that the multinational corporations –  having bought the governments, the courts, the militaries and police forces –  are behaving like Stalinists by enforcing their monopolistic policies. Organic  or small farmers, or any one growing their own vegetables, are the new kulaks to  be harassed and imprisoned. Genetically modified monster foods are to be seen as  normal foods, no matter what the consequences for consumers.
Millions of good, high-paying have been offshored  as part of the free trade agenda. “Free trade” and “globalization” are words and  phrases that sound innocuous and are used to make the population think that such  policies are good for them. Just the “Right to Work” policies of the southern  states of the USA make it sound like it is for the benefit of the workers.  “Right to Work” policies are aimed at union busting and ensuring workers are  forced to accept (and gladly accept, at times) low wages and poor working conditions.

Now, large corporations and their governmental  cronies have taken another step: in-shoring the off-shore jobs. Workers from  India and China, for example, come to the United States as guest workers. They  are paid the low wages of their home countries and are treated very poorly. No  need for green cards as they are just guest workers (H-2B classification) who  get paid a fraction of what US workers get  paid.
Ah, the wonders of globalization.

Blind Faith

23 Feb

When I was nine or ten years old, my mother bought me a bible. My parents were brought up Catholic but were not church-goers. Being of a working-class background they always saw the Catholic church as a pillar of the Establishment, always ready to crush the workers and peasants in order to please the ruling classes. The Catholic Church always sides with power.

More as a Pavlovian response to not feel shame or be ostracized in a predominantly Catholic community, they sent me to a catechism school. This ended in failure.

I didn’t want to waste valuable weekend time listening to a bunch of nuns. They scared me with their black vestments and pinched, angry faces. I hated them so much that I nearly vomited on a couple of these hags. They must have thought I was possessed by the devil, a demon spawn. Or maybe it was the other guy who possessed me at that moment.
Anyway, my mother bought me this bible, a Roman Catholic bible, perhaps thinking that by reading it I would somehow become a good Catholic. She was wrong. You cannot read the bible (especially the New Testament) and somehow become a good Catholic, because you quickly realize that the Catholic Church (and I suppose all the other denominations) has turned scripture on its head.

You can become a good Christian, but never a good Catholic; for Catholicism and Christianity are diametrically opposed to each other. This is why the Catholic Church has historically discouraged its adherents from reading the bible. The Church was afraid that their flock will learn how they turned scripture on its head, and anyone reading the bible will quickly see how Church practice contradicts the bible, especially the Good News as expounded by Jesus Christ. The Roman Catholic Church, like any other bureaucracy, seeks to increase its power and to monopolize/control its adherents. As such it behaves like any other religion or cult.

The Catholic Church will not tolerate anyone questioning its authority. It wants Catholics to follow its directives unquestioningly. That’s why the Catholic Church has prevaricated in dealing with the pedophile scandals, even going so far as blaming the victims.    That’s why the Catholic Church is so secretive about its shady financial dealings. Remember Roberto Calvi? That’s why the Catholic Church is panicking over the developing scandal of mass murders of aboriginal children in Canada.

To direct attention away from these horrors, the Catholic Church promotes the fabricated sanctity of media super stars and relgious fakes like Padre Pio, Mother Teresa and John Paul II. What happens in the Catholic Church also happens in other religions whether it is Islam, Judaism, Hinduism and all the other organized superstitions.

The fake exterior of holiness and mystery is used to distract from and conceal the stench of corruption from within.