Treasury Secretary Janet L. Yellen visited China. There she tried to press the worlds biggest economy on several issues. Yellen, in Beijing, Criticizes Chinas Treatment of U.S. Companies - NY Times, July 7, 2023 Yellen Urges China to Step Up...

Last week's post on Moon of Alabama: July 4 - Punishing Sanctions July 8 - Bashing China Has Replaced The Diplomatic Dialogue Related: - One Reason the U.S. Cant Quit China? Chips. - NY Times - Mr. X would not...

Hal Turner The Hal Turner Show July 7, 2023

According to state-run Russian Television (RT), the Russian Government HAS CONFIRMED Brazil, Russia, India, China and South Africa, known as the BRICS nations, will introduce a new trading currency backed by Gold.

The official announcement is expected during the upcoming BRICS Summit in South Africa, this August.

If this takes place, it will likely mark the end of fiat currencies like the US Dollar, which is backed by nothing.

How fast nations around the world switch to using this new gold-backed currency for their foreign trade, is anyones guess.

The more countries that choose to use this new currency, the more foreign-held US Dollars will come rushing back to the USA from those countries, which no longer need to hold US Dollars for their foreign trade.   As those Dollars come back to the USA, it will cause inflation to spike in ways never-before seen here in America.

The US manufactures almost nothing here anymore.  Almost everything we buy and sell in the USA is made overseas.   As US dollars come flooding back from overseas, the value of the US dollar will plummet versus other currencies, which means it will take many more US Dollars to buy goods from foreign countries.

Hence, sudden and dramatic inflation here at home.

It is worth pointing out that the US has, on more than one occasion, gone to actual WAR to stop this exact thing from taking place in the past.   Two recent examples would be Libya and Iraq.

In Libya, Mohamar Qadaffi wanted to create a gold-back Pan-African currency.   Within a month of his announcement, there were riots and uprisings in Libya that ultimately resulted in Qadaffi being mobbed and brutally killed in the streets.

Iraq made a similar effort under Saddam Hussein.    He announced that Iraq would begin selling oil in currencies OTHER THAN the US Dollar, which sent the US to Iraq War 2, toppling Hussein from power.  Ultimately, Hussein was found hiding in a hole in the ground, was arrested, tried, and HUNG BY HIS NECK until dead.

The US takes it ___ V E R Y ____ serious when anyone around the world tries to do anything that would unseat the US dollar as the worlds defacto Reserve Currency.

The US is already itching to go to war with Russia over the Ukraine conflict.   With todays announcement about a Gold-Backed BRICS trading currency, it seems logical that the US gloves will come off.

If Russia and the BRICS Nations do what they have announced, it would mean the total collapse of US world dominance.  There are many people inside the US Government that would rather burn the entire world to the ground, rather than lose control of it.  Put simply, they will stop at NOTHING to maintain their financial control power; an...

This weeks News on China.

SCOs 23rd Summit
Measures to protect the chip industry
Over-reliance on seed imports
Fewer Chinese students in the US

China recently passed the Foreign Relations Law, which lays out foreign policy with an aim to multipolarity. The West is freaking out about it saying that it is a power grab. We have a guest to break down the anti-China rhetoric today. Carl Zha is the host of the Silk and Steel Podcast focusing on China, history, culture and politics. He explains how this is a reaction to Western sanctions and why the West is having a fit about it.

Treasury Secretary Janet Yellen is currently in China where she does her best to further piss off her host. Yellen, in Beijing, Criticizes Chinas Treatment of U.S. Companies - NY Times, Jul 7, 2023 The concerns of Treasury Secretary Janet...

Over the course of the past century, substantial changes have taken place in debates about social development. Dossier no. 66, The World Needs a New Socialist Development Theory, examines the historical evolution of development theory over four distinct eras, analyses the obstacles that stand in the way of development today, identifies processes that have the potential to advance genuine alternatives, and offers an outline of a new socialist development theory.

Enduring neocolonial structures in the world economy have made it difficult for countries in the Global South to pursue viable development agendas. However, following the 20072008 Western financial crisis, large developing states have begun to contemplate the revival of a South-South development agenda. The emergence of South-South institutions, as well as the rapid expansion of Chinas trade policy and regional initiatives, have provided developing states with more choices than have been available to them in decades and have reduced their dependence on Western-controlled institutions. These new realities demand the formulation of new development theories, new assessments of the possibilities of, and pathways to, transcending the obstinate facts of social despair. In other words, what has been put back on the table is the necessity for national planning and regional cooperation as well as the fight to produce a better external environment for finance and trade.

The emergence of institutions of South-South cooperation and Chinas Belt and Road Initiative (BRI) project provides new opportunities for socialist movements and governmental projects to work together to formulate a new socialist development theory. This theory must engage with what Samir Amin termed the five controls that constrain the development agenda the Wests monopoly control over natural resources, financial flows, science and technology, military power, and i...

By Fantine Gardinier Sputnik 07.07.2023

Numerous regional governments have for years protested Japans plans to release the wastewater from Fukushima Daiichi into the Pacific Ocean, including South Korea, China, and numerous Pacific Island nations, whose fishing fleets work the vast ocean waters.

The Japanese government has moved to begin the gradual release of 1.3 million tons of treated wastewater from the Fukushima nuclear power plant in Okuma. The water, which is radioactive from having been used to keep molten spent nuclear fuel cool in the aftermath of the March 2011 earthquake and tsunami that devastated the Sendai plain, has been filtered through the Advanced Liquid Processing System (ALPS). The planned release will take place over 30 to 40 years.

Kevin Kamps, the radioactive waste watchdog at Beyond Nuclear, told Sputnik on Friday that the International Atomic Energy Agency (IAEA) is caught in a vise between its advocacy for nuclear power and the reality of the detrimental effects of improper storage of its waste, which is a key problem with the Japanese governments plan since 2011 to store that waste at the site of the damaged Fukushima nuclear power plant.

I think its just an industry public relations campaign to kind of say, look, the oceans a big place, its just going to disappear into nothingness. And its not true, he told Radio Sputnik. In fact, its going to concentrate the radioactivity in the food chain. And thats going to be the main pathway for human exposure as people eating Fukushima contaminated fish from the Pacific Ocean.

Theres so many options that are better than dumping it in the ocean. One option is what theyve been doing for the past 12 years, since this catastrophe began: storing it in tanks. It has not gone perfectly, but their rationale for not continuing with the tank storage is that theyve run out of room, theyve run out of physical space. And all I can say is, would you please give me a break? They have turned that region into a radioactive sacrifice zone because of the catastrophe, Kamps said, adding that the area has already been rendered inhospitable by the radiation.

Theres an option to expand the site perimeter, continue with the tank storage. A problem with that, though, is that site, as shown by the March 11, 2011 earthquake and tsunami, its not a stable site, so storage there may not be the best idea, he noted.

A colleague of mine, Dr. Arjan Nakatani, is actually serving on the Pacific Islands Forum, reviewing this insane scheme on behalf of Pacific Island nations and opposing it. H...

Will the worlds major coastal cities, such as NYC, survive escalating global heat conditions in Greenland? And what if both Greenland and Antarctica follow the recent very disturbing pattern of the worlds oceans? For the first time that scientists can recall, sea surface temperatures that always recede from annual peaks are failing to do so, staying high.

Climate change is getting dangerously worse, which is becoming a more common statement among scientists. Ecosystems are starting to fail right before our eyes. For example, in 2022 Europe experienced a big scare with temporary loss of full service for navigable commercial waterways, like the Rhine, and loss of potable water in regions of France and Italy, necessitating water delivery by truck to over 100 communities, with much of Asia experiencing similar issues, especially China and India.

Suddenly, the world is a different place, a description that fits Greenland, especially August 14, 2021, when it rained at Summit Station, 10,551 feet elevation. Theres no previous record of rainfall at the 2-mile summit. It was one more unprecedented climate event. More on Greenland and coastal cities follows herein.

According to the IPCC 6th Assessment Report: There is high confidence that climate change has already caused irreversible losses in terrestrial, freshwater and coastal and open ocean marine ecosystems. Still, climate scientists continue pumping out reports about those same irreversible losses, but frustration mounts as reports pile on top of reports in the face of negligible efforts by the 195 signatories to Paris 15.

Its not surprising that climate scientists are becoming street protestors.

Scientists Rebel

In December 2021 an offbeat science article called for scientists to stop feeding research into a bottomless pit of inaction: The science-society contract is broken. The climate is changing The tragedy of climate change science is that at the same time as compelling evidence is gathered, fresh warnings issued, and novel methodologies developed, indicators of adverse global change rise year upon year.¹

Furthermore: We therefore call for a halt to further IPCC assessments. We call for a moratorium on climate change research until governments are willing to fulfil their responsibilities in good faith and urgently mobilize coordinated action from the local to global levels. This third option is the only effective way to arrest the tragedy of climate change science....

Via: ZeroHedge: According to a Pentagon spokesperson cited by Reuters, the US Defense Department announced on Friday it is invoking the Defense Production Act to boost the domestic mining and processing capacity of two rare earth metals, gallium and germanium, critical for high-tech chip-making for the US defense industry. Reuters said the Pentagon has a []

Via: The Washington Times: Chinas Peoples Liberation Army is developing high-technology weapons designed to disrupt brain functions and influence government leaders or entire populations, according to a report by three open-source intelligence analysts. The weapons can be used to directly attack or control brains using microwave or other directed energy weapons in handheld guns or []

Social psychosis is widespread.  In the words of the British psychiatrist, R. D. Laing, The condition of alienation, of being asleep, of being unconscious, of being out of ones mind, is the condition of the normal man.

He was not referring to raving, drooling, hitting-your-head-against-the-wall lunacy but a taken-for-granted acceptance of a world long teetering on the edge of nuclear extinction, to take the most extreme example, but surely only one of many.  The insouciant acceptance and support of psychotic rulers who promote first-strike nuclear war is very common.  First strike nuclear policy is United States policy.

I recently wrote an article about the dangers of the fourteen U.S. Trident submarines.  These subs constantly cruise under the oceans carrying 3,360 nuclear warheads equivalent to 134,400 Hiroshima bombs.  All are on first strike triggers.  And, of course, these are supplemented by all the land and air based nukes.  My point was not very complicated: now that the United States government has abrogated all nuclear weapons treaties and continues to escalate its war against Russia in Ukraine, we are closer to nuclear annihilation than ever before.

This conclusion is shared by many esteemed thinkers such as the late Daniel Ellsberg who died  on June 16, 2023 and whose 2017 book The Doomsday Machine: Confessions of a Nuclear War Planner, makes clear that nuclear war, waged intentionally or by mistake or accident, is very possible. In the months before he died, he warned that this is now especially true with the situation in Ukraine and the U.S. provocations against China.

The Grayzones Max Blumenthal recently addressed the UN Security Council on the danger of U.S. actions in Ukraine and asked:

Will we see another Douma deception, but this time in Zaporizhzhia?

Why are we doing this? Why are we tempting nuclear annihilation by flooding Ukraine with advanced weapons and sabotaging negotiations at every turn?

Finian Cunningham has just raised the specter of a thermonuclear catastrophe initiated by a U.S./Ukrainian false flag attack on the Zaporozhye Nuclear Power Plant.

So my article was in no way unusual, except for my concentration on the Trident submarines.

When, against my better judgment, I read some commentators responses to my piece at a few websites where my article was posted, I was taken aback when I read the following [all emphases are mine]:

• Like many other boo...

JUL 06, 2023 Discussions at the recent SCO Summit in New Delhi now point to the inevitable: The merging of new multipolar organizations and their collective reorganization of global finance. Pepe Escobar The 23rd summit of the heads of state of the Shanghai Cooperation Organization (SCO), held virtually in New Delhi, represented History in the []

Jerry Grey To coin a sporting phrase, its all happening here; here, of course is China. And theres little doubt that things are happening on a global scale. Perhaps more than a casual observer might notice, so heres a rundown on some of the things which are happening, have happened or are about to happen....