At the End of the Day

A little bit of Saturday night Buddhism

Here’s a chart suggesting there isn’t going to be an inclusive Asian Union any time soon:

asianviews5915Just to point out a few key points on the mutual hatred matrix (MHM) –

  1. If things do get into a China v Japan hot war, its not hard to see who’ll be rooting for the sons of Nippon
  2. …and that seems to be particularly true of the Vietnamese.
  3. & 4….and what a fight to the bitter death it’s going to be.

5. On the religious front, as usual the Muslims hate the Sikhs…

6. …but them Commie Vietnamese bastards love those filthy capitalist South Koreans to pretty much the same degree they loathe the Red Chinese assholes. Didn’t history get a little off-message here? And finally

7. being keen on the South Koreans makes the Vietnamese an odd ally for the Japanese, whose general view of those very same South Koreans is that the only thing they might be good for is a casserole.

What would US soldiers who lost limbs in the Vietnam War make of this event-fuelled, cultural victory over ideology? At one time I knew a chap – a Bostonian called John – who had his face blown off just south of the DMZ. When the surgeons miraculously managed to put his face back on again, it wasn’t a great fit.

This is the reason I’m a pacifist these days: the future doesn’t just make fools of us all, it makes all combat death – however ‘glorious’ – futile.

All things must pass

<<<<<<<<<<<<<>>>>>>>>>>>>>

In lots of other senses as well, mind you, all the certainties of earlier years are being mangled in the Great Change we’ve been undergoing as a species since around 2003.

The Japanese élite, it is reported, has been looking very seriously at Yen/Rouble swaps for future transactions in order to cut out the Dollar while evading America’s trumpeted but largely two-faced drive for sanctions against Russia. The equally insane US belief that it can taper QE and then raise rates is causing so much havoc in Brazil – as predicted here and on a million or more other sites – the country’s debt is now close to be unaffordable. The China boom that was going to make it kingmaker if not king in the 21st century ended up changing the PBOC’s foreign asset holdings to a level beggaring belief:

PBOCassets5915

Everything is in transition

<<<<<<<<<<<<<>>>>>>>>>>>>>

In 1985, I don’t remember anyone forecasting that the USSR would not exist by 1990. In 1914, there was little media evidence that the Romanov dynasty was imminently doomed. How many commentators in 1940 thought Nazi Germany would lie in ruins by 1945?

But in each of these cases, the doom of the model and lunacy of the key players’ behaviour was there for any insightful person to see. Russian peasants in 1914 went into battle without uniforms or weapons, convinced that the Tsar was a God and would spare their lives. There was no way as 1940 drew to a close that US business was going to surrender its emerging global dominance to German and Japanese imperialism….or that the US Jewish lobby would ignore the already obvious nature of Nazi genocide. And the sheer cost and administrative complexity (in the pre cyber-wars era) of controlling a sprawling empire while maintaining nuclear weapons capability was way, way beyond the output of the at best docile command economy of the USSR.

The same flaws in econo-political and fiscal theories of the West are equally apparent today:

  1. Without a cap in perpetuity on lending rates, the US National Debt is ruinous
  2. The UK’s unbalanced financialisation of an economy that neither makes things nor grows food is the equivalent of an exhibitionist Emperor flouncing about in the nude
  3. The EU’s inflexibility in the face of a dysfunctional currency is exceeded only by the belief that it is worth sacrificing five economies in order to make it functional
  4. The concept of over-leveraged banks trading pointlessly with each other would be bad enough without their globalist interdependence rendering them little more than top-heavy dominoes.

Perhaps Mario Draghi is Tsar Ncholas II, Merkel his Tsarina, Schäuble the demonic Rasputin, and Fiskalunion their son suffering from incurable haemophilia. The parallels are obvious without any need to give them names. The euro will collapse, the EU in its current form is doomed, rates will rise to ruin America once the QE/NYSE fantasy is fully revealed, the British economy will sink into the quicksand on which it is built, serial bank collapses will make a nonsense of fiat currencies and fractional reserve banking, and a ridiculous attempt will then be made to persuade the already screwed citizenry that it must pay.

When the last trouser-arses are worn out and the last belly is rumbling for want of a burrito or a Pizza, then this crazy construct will be gone forever. And as always, when it happens the surprise element will be the speed of collapse.

Nothing lasts forever

Earlier at The Slog: Why even migrant refugees are geopolitical pawns

19 thoughts on “At the End of the Day

  1. So, buy Singapore and Norway, go short overpriced Northern Hemisphere property ( Paris residential defies belief) and keep writing puts in dear old Antofagasta!

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  2. ‘the EU in its current form is doomed’
    This is the bit that worries me, that it will morph into something completely different in desperate attempt to save it and we will be in a different boat but the same ocean..

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  3. John
    If you were ever to step foot into any City “establishment” they’d burn you at the stake. Personally I love a good heretic! Keep it up!

    China may well be the catalyst. They normally have a very long time frame when embarking on changes but yuan devaluation plus the sale of increasing amounts of US Treasuries has got the ball rolling and it the Yanks turn to bat.

    They can’t have the Chinese driving up rates at the long end of the curve so come the 17th which is the next Fed meeting date how about they actually set the Fed Funds rate at 25bps it’s circa 10bps now so only a 15bps “rise” and at the same time announce another version if QE to surreptitiously hoover up the Chinese bond sales – the reason for selling being to stop the yuan going completely tits up. Not sure that Yellen has the “balls” to do that but it would square a circle for all of….let’s say an hour at the outside before the market continued the lesson that you can’t rig things forever. Geddit?,
    Regards
    Bridport

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  4. So all those ‘crazy’ preppers in the US with their guns, ammo, razor wire and corned beef just might be onto to something then?

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  5. Far be it from me to start a rumour but:…
    Moscow reports that HSBC is in total collapse after having lost $700 billion in the crash of the Shanghai Composite Index and a further $300 billion due to the Dow’s collapse.
    Reports began in the UK that hundreds-of-thousands of people were not being paid their salaries, which HSBC blamed on a computer glitch.

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  6. JW

    The length of time from beech to nothingness is far faster now don’t blink you may mniss it. The communications system carries news so fast from all areas of the globe that’s the divine wind and the tinder is the fiat money as it instantaneously flashes to nothing.

    You can almost picture waking up in the morning to find civilsation over.

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  7. http://www.voltairenet.org/article187030.html

    A lot of the hate is manufactured, JW.
    Just as Communism & Fascism were founded & funded by the International financiers & their cronies, (Prescott (Grandpa) Bush’s part in financing Hitler is documented), so too is Zionism & Islamic Fundamentalism.

    Part of the Bankster/US/UK elite project for world hegemony.
    & they don’t care if 13/14 people perish in the process, because that’s all part of the plan.

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  8. The matrix showing Asian nationalities’ views of each other suggests that religious and historical enmities matter more than current political orientation. The Chinese and Japanese views of each other are shaped by events in the 1930s. Likewise that of South Korea and Japan. Vietnam and China have a history of warfare.

    I agree with your view that the battle between south and north Europe over the Euro could ultimately threaten the EU itself. Not only the EU but possible member states. Were the EU to split between the industrialised north and an agricultural/tourist south, north Italy might seek to split from the south in order to stay part of north Europe. Similarly, Catalonian desires to secede from Spain would intensify.

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  9. JW your last two sentences really sums up the value of experts. I recall that the 1989 CIA briefing to the POTUS was that the Soviet Union was in reasonable shape and they saw no reason for any serious change over a 10 year time period.
    Ronnie Reagan probably had a few sleepless nights after getting that briefing!

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  10. The FED can buy US T-bonds until the cows come home. They have unlimited power to print money They have already dealt with some large dumps by using a Belgium proxy to disguise the transaction.
    The Chinese are heading for the door marked EXIT, while the dollar still has value. All Fiat currencies eventually collapse to nothingness. All that gives them value is belief in a States stability and economic strength. This has been heavily eroded by the corrupt shenanigans of Wall St, Washington and Corporate interests. Arrogance and hubris will lead to the death of the dollar. There is little left to support the belief in the dollar but a Hollywood mirage of b–s—t.
    US dollar hegemony is under extreme pressure from the opt out of the BRICS and the collapse of the oil price.
    When Ernest Hemingway was asked, how he went bankrupt, his reply ,’ Slowly at first and then suddenly.’
    This applies to Sovereign States as to individuals.

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  11. Great post! I love the chart and I’m glad that the Pakistanis like the Chinese because like them or not they are a powerful neighbor that must be dealt with. Pakistani and Indian women are pumping out males at a very high rate. A war between the two states will cull the lot.

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  12. It would have been nice to see USA on that chart of love-thy neighbour, after all they are at least a pacific-rim country, if not heavily interlinked with Asia.

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