Archive: September, 2016
The Old Cold War is Over! But the New One…
Actually the old Cold War may be over, but the temperature is rising on the New Cold War. Before we end up in a hot war of principals or proxies with Russia — which is certainly where we are headed — it would be good if the American people took a really good look at what is going on in Russia today, a full generation after the long 70 years of Soviet madness. The British foreign correspondent Peter Hitchens describes the unseen Russia of today and writes:
Nobody who has seen these things could possibly compare the old Soviet Union with the new Russia. The trouble is, almost nobody has seen them. Nor, it seems, has anyone noticed the withdrawal of Moscow’s power from 700,000 square miles of territory which it once held down with boots and tanks and secret policemen. Somehow or other this unprecedented peaceful withdrawal of a power undefeated in war is being portrayed as “expansionism.” Nobody who understands history, geography, or, come to that, arithmetic can possibly accept this portrayal. There is much to criticize in Russia’s foreign policy, especially if one is a Ukrainian nationalist, but the repossession of Crimea does not signal a revival of the Warsaw Pact.
This is a wonderfully insightful portrait of Russia today and stands in sharp contrast to the picture that is being painted by Washington.
Read the entire account HERE.
Zimbabwe running out of US dollars; says it will print its own ‘bond notes’
Stashed in a drawer somewhere I have a 100 Trillion Zimbabwe Dollar bill. It’s a novelty just like the 100 Thousand and 100 Million Mark notes in there with it. They are great conversation pieces for people who don’t know about Germany’s nightmare inflation of the 1920’s and the Zimbabwe inflation that peaked in 2008-9 at as much as 89.7 Sextillion Percent.
The real lesson of these episodes is that governments and monetary systems must be completely separated. The Zimbabwe inflation was such an embarrassment to other money-printing states that at one point Germany’s foreign minister even ordered the German company that provided Zimbabwe with the fine banknote stock for its legalized counterfeiting to stop deliveries. The Los Angeles Times marked the event with a headline that betrays the news media’s confusion about all things economic: “Lack of bank note paper threatens Zimbabwe economy.”
Since the currency crack-up Zimbabwe has mainly relied on U.S. dollar in its commerce. But now its about to embark on its old ways again:
Zimbabwe announced Thursday it will introduce next month “bond notes” equivalent to the US dollar…
Zimbabwe has run out of US dollar notes in recent months and hopes to ease the cash crunch by printing its own “bond notes” that will be valued in denominations of $2, $5, $10 and $20.
“The bond notes will start to circulate by the end of October and will be at par with the US dollar,” Reserve Bank of Zimbabwe governor John Mangudya said in Harare.
Here’s a link to the story from Agence France-Presse.
How Many Guns Did the U.S. Lose Track of in Iraq and Afghanistan? Hundreds of Thousands.
The Pentagon can’t even keep count.
According to this story from the New York Times Magazine, “the Pentagon provided more than 1.45 million firearms to various security forces in Afghanistan and Iraq, including more than 978,000 assault rifles, 266,000 pistols and almost 112,000 machine guns.”
ISIS is so grateful. Read More HERE
Zbigniew Brzezinski, Jimmy Carter’s National Security Advisor, is the interventionist behind the Carter-Reagan policy that had the CIA arming the Afghan mujahedeen. Osama bin Laden was a beneficiary of this genius scheme to provide billions in support for the movement the was the forerunner of al Qaeda.
Now it seem that Zbig has acauired a new and more realistic view of American global hegemony that he once had. More details in a piece by Mike Whitney at Counterpunch.org:
The main architect of Washington’s plan to rule the world has abandoned the scheme and called for the forging of ties with Russia and China. While Zbigniew Brzezinski’s article in The American Interest titled “Towards a Global Realignment” has largely been ignored by the media, it shows that powerful members of the policymaking establishment no longer believe that Washington will prevail in its quest to extend US hegemony across the Middle East and Asia. Brzezinski has done an about-face and called for a dramatic revising of the strategy.