"Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear." -- Harry S. Truman
In a progressively perilous global landscape, a prevailing consensus among the majority of Americans is the imperative of a robust military apparatus.
Regrettably, during the Biden administration, the military’s attention has shifted away from prioritizing strategic victories and has been consumed with promoting progressive narratives and initiatives, including those related to the LGBT ideology.
In recent years, conservatives have expressed a strong desire to restore and enhance the military’s capabilities in order to effectively safeguard the nation from potential threats.
Republican Representative Chip Roy of Texas has put forth an amendment to the House spending bill with the intention of discontinuing federal cash allocated towards drag shows and “pride” activities hosted by the Department of Defense.
Roy has been actively opposing the notion of “woke” within the military for an extended period of time. In the month of March, the individual in question, together with a group of nine fellow members of Congress, submitted a formal request to eliminate financial support allocated for activities pertaining to the LGBT community from the Department of Defense Appropriations Act.
Elon Musk's SpaceX has received its first official contract for the Starshield network from the US Space Force. This network will provide satellite communications for the military via the company's Starlink satellite internet system and comes just weeks after Democrats, corporate media, and a former comedian turned Ukraine president, Volodymyr Zelenskyy, attempted to cancel Musk after the Washington Post published excerpts from his new biography on the billionaire, alleging he rejected help from Ukraine to assist in the attack against Crimean port of Sevastopol last year.
Space Force spokesperson Ann Stefanek told CNBC that the contract's term for Starshield is one year with a maximum value of $70 million. She explained:
"The SpaceX contract provides for Starshield end-to-end service (via the Starlink constellation), user terminals, ancillary equipment, network management and other related services."
SpaceX's growing portfolio of Pentagon business comes as the space company was recently contracted to launch a Falcon 9 with 13 satellites for the Pentagon's Space Development Agency. In June, the Pentagon bought an undefined number of Starlink terminals for the battlefield in Ukraine.
Outspoken conservative media personality Bill O'Reilly joined Tucker Carlson (the man who replaced him in his primetime Fox News slot) for a wide-ranging discussion of the dismal state of the world, and why progressive politicians are to blame.
"America has entered the age of disorder, and it's because of the progressive movement," O'Reilly lamented.
The former Fox News anchor lays out how this has occurred:
"President Biden, in my opinion, is diminished mentally, doesn’t know what he’s really doing from day-to-day. You can see that in his public statements," O'Reilly remarked, adding that "the progressives like that, because the people who control him inside the White House can tell him anything, and he’ll do it."
O’Reilly said that Ron Klain and Susan Rice were the original string-pullers, but since their departure from The White House, their assistants took their place "basically telling Joe what to do and say."
He argued that Biden has harkened in an “age of disorder” which has resulted in the emergence of Black Lives Matter, higher taxes, lax crime laws, and progressive indoctrination of children at young ages.
“The more money you take from people, the less power they have, and the progressives want to run everything, including telling your children what to think when they’re five years old,” O’Reilly said.
"And most Americans don’t get it, because the press is working with the progressive movement and suppresses all this.”
The political left is obsessed with wordplay and the manipulation of definitions, this much is clear. From their point of view, words are power because words have influence; that is to say, they think if they can control words they can also control perception, control the law and ultimately control the public. This tactic may be somewhat delusional in that it assumes the public has no ability to discern nuance, but they have had some success with it in decades past so they stick with what they know.
In terms of illegal immigration, leftists have long sought to change the American vocabulary. Specifically, they have for years tried to remove the word "illegal" from discourse. You can call them refugees, you can call them undocumented, you can call them asylum seekers, but you can't call them illegal. For a short time (between 2016-2020) using the term "illegal immigrant" was considered cause to demonitize YouTube commentators or get user accounts locked on social media.
The tide has turned back on open borders advocates in the past few years with woke ideology widely exposed as a political cult (according to recent polls the majority of Americans view illegal immigration as an invasion). This has compelled leftists to try a different angle, in which they use narrow legal categories as a means to muddy the waters on immigrants.
This method involves the use of asylum status as a modifier - In other words, if an illegal immigrant declares they require asylum, regardless of evidence that they actually qualify, they are automatically "legal." Therefore, the millions of people that sneak across the US border every year while breaking numerous federal and state laws are absolved through the magical baptism of asylum status.
Secretive migrant towns filled with undocumented persons are springing up in the US. The largest known town is located in Colony Ridge, Texas, and spans 60 square miles. No one knows exactly how many people are living there, but the general estimate is 75,000. Who has the money to buy properties and support these towns? First, the US government is providing aid to all illegals since they need them here. Secondly, the drug cartels who came into our country to escape prosecution on their own.
The media has buried the stories, but numerous murders, rapes, and drug overdoses have occurred as there is no law and order. One Mexican national is on the run after murdering a family of five from Honduras, including an 8-year-old girl. Last June, a local dog brought home a human hand. The body was too decomposed to identify. Last September, a 16-year-old girl from Honduras was found dead in a ditch wearing her waitress uniform. Police listed “gang overtones” as the motive. Two middle schoolers were found dead with bullet wounds this April. The list of crimes goes on and on. Basically, there are cartel gangs from all over South America fighting one another within this outlaw community.
The Russian Defense Ministry has released footage showing a Tor-M2 short-range anti-aircraft system intercepting a US-made Switchblade kamikaze drone deployed by Ukrainian forces.
The ‘M2’ variant is the latest in the Tor family, which has the ability to engage targets on the move rather than after stationary deployment. This makes it efficient in protecting military columns.
The new footage showcases the highly automated weapon system’s features and includes an example of its successful use against a US-made AeroVironment Switchblade.
The loitering munition is first shown on an onboard display, with its characteristic two pairs of wings clearly seen. Then the Tor-M2 launcher is shown firing a missile, with the crew monitoring its progress and the hit from inside.
Nato has announced it is beefing up its presence in Kosovo with UK troops after four people were killed in a weekend shootout and as the US expressed concern about a build-up of Serbian forces along the border of its former territory.
'These people want to turn back time,' Prime Minister Albin Kurti said.
'They are in search of a time machine. They want to turn the clock back by 30 years. But that is not going to happen.'
Earlier on Friday, Kosovo police raided several locations in a Serb-dominated area of the country's north, where the weekend violence centred on a monastery left one Kosovo police officer and three Serb insurgents dead, raising tensions to boiling point.
Despite targeted stimulus measures to boost exports and domestic consumption, growth has not yet returned to pre-pandemic levels. Beijing is already forecast to miss its 5% growth target for this year.
To make matters worse, the country's real estate crisis — which first unfolded two years ago — has become a slow-motion car wreck.
On Thursday, shares in China Evergrande, the country's second-largest property developer, were suspended as the firm teeters on the edge of bankruptcy. A day earlier, news agency Bloomberg reported that the company's CEO, Hui Ka Yan, also known as Xu Jiayin, is being held by police under "residential surveillance."
Mariam, who asked to be referred to by a pseudonym to protect her identity, arrived in Germany six months ago as a student. Back in her native Iran, the 39-year-old engineer had a fully independent life.
"Emigrating wasn't an option for me for a long time," she told DW.
"My whole life I worked hard and achieved a lot: a degree from a prestigious university, later a well-paid position at a construction company in Tehran," she said. "But in the end I felt it didn't matter how good I was and how hard I tried. I will never manage to get out of this swamp and feel free and happy."
Many of her female friends and acquaintances have either left the country or are looking for a way to do so, she said. Mariam herself started by looking for opportunities to study in Germany, where she has many friends. She quickly secured a spot in a master's course at a technical university in southern Germany, which opened the door to a visa.
Mariam doesn't want to talk much about politics. What she will say is that "every aspect of our lives in Iran is politicized. Even what I as a woman put on in the morning to leave to the house is a political statement. Every day we are under enormous pressure and stress. We cannot get away from it."
The situation in Ethiopia is becoming increasingly dangerous. That's according to Yared Hailemariam, the director of the Ethiopian Human Rights Defenders Center, when asked to assess the situation on the ground. The northern Amhara Region is considered particularly volatile.
"Most of us expected that the peace agreement (in early November 2022) would resolve the political tensions and conflict in Tigray," Hailemariam told DW from Brussels. He believes the Ethiopian government under Prime Minister Abiy Ahmed made mistakes during the negotiation.
NATO is beefing up its presence in Kosovo with UK troops, amid concerns about a build-up of Serbian forces along the border.
Hundreds of soldiers from the 1st Battalion of the Princess of Wales's Royal Regiment have now been made available to a peacekeeping force.
Tensions rose last weekend after a deadly siege at a monastery in northern Kosovo, with masked gunmen and local police engaging in a standoff.
Webmaster addition: The situation in Kosovo and Serbia is not getting a lot of media attention. But we should be concerned. WW1 began as a war between Serbia and Austria-Hungary, then mutated into a war against Germany! Kosovo and Serbia could well be the flashpoint to kick off war against Russia!
So, here’s what you might have learned over the weekend if you ventured into the thickets of alt news:
In April and May of 2021, the president (“Joe Biden”), the whole White House Covid Response Team (Andy Slavitt & Co), and everyone in the White House communications office, the US Surgeon General (Vivek Murthy), senior officials of the CDC including director Rochelle Walensky, Francis Collins, head of NIH, and Dr. Anthony Fauci of NIAID were all freaking out, holding crisis meetings, and sending blizzards of emails among each other after being informed by a Pfizer safety report that the miraculous new mRNA Covid vaccines produced significant cases of myocarditis and blood-clotting abnormalities.
All these officials proceeded to craft a campaign to tell the public that this myocarditis was mild, extremely rare, and self-resolving (it wasn’t), and urged all Americans over twelve to keep taking the vaxx shots. Later, they expanded the vaccine program to include children down to six months old.
By 2022, all of US public health officialdom had to know that the vaxxes were also ineffective at preventing infection and transmission of Covid.
Her replacement, Mandy K. Cohen, is still pushing the latest mRNA booster shots in the face of reports (mainly from the UK and other foreign countries) of a shocking rise in all-causes deaths and disabilities from heart and blood disease, neurological injury, and cancers. The CDC refused this month to release updated information on case numbers of myocarditis and pericarditis in the USA.
The record of those frantic 2021 doings in the White House and the CDC came from a document dump prompted by a FOIA request by Edward Berkovich, a lawyer associated with Naomi Wolf’s Daily Clout news organization.
One of the cruelest things about being injured by a pharmaceutical is the degree to which doctors will deny the idea that the injury happened (as acknowledging it requires them to accept the shortcomings of the medical model they’ve invested their lives into).
This denial is known as medical gaslighting and it is often so powerful that friends and family members of the patient will adopt the reality asserted by those doctors and likewise gaslight the injured patient.
I’ve lost count of how many times I’ve seen this tragedy transpire in my immediate circle and one of my missions here has been to bring awareness to medical gaslighting and explain why it always happens (i.e., it was discussed in detail here).
I mention all of that because I recently saw a story that was shared by Pierre Kory on Twitter and realized it touched upon many of the reasons why I’ve invested myself into writing here [along with one of the more unique symptoms of COVID vaccine injuries]:
A hiking buddy of mine who had noticeably and suddenly stopped doing the more strenuous 14,000ft hikes a couple of years ago called me and made a confession:
He got myocarditis from his second mRNA shot. Listening to him describing being alone on a trail run and suddenly having chest pains and trouble breathing was horrifying. He was afraid he was going to die alone. He’s a marathoner and highly active, in his mid 30s.
The worst part: He was afraid to tell me or anyone in his friend group.
His literal quote:
“I saw how Oz [his best friend] and especially his fiance [a med school graduate in residency who is super attached to the establishment covid narrative] were talking about the antivaxxers, and I felt like if I talked about it with any of them, I would have hurt Oz’s relationship. I also felt like Kristen [a mutual friend of ours] would have judged me and stopped hanging out. I just kept it quiet. But yeah man, I’m still having a hard time with the 14ers, and my run times are all way down.”
As an internist and specialist, it is hard for me to believe that a novel biologic product could cause heart, neurologic, thrombotic, and immunologic disease but to make matters even worse, could also play a role in the initiation and acceleration of oncogenesis. In Western countries before the pandemic, the leading causes of death were heart disease 40%, cancer 40%, and death from other known causes (homicide, suicide, accidents, etc). The mRNA COVID-19 vaccines if proven to promote cancer, would then be implicated in rises in all-cause mortality being observed world wide.
“A new multihit model of carcinogenesis is developed for use in evaluating age-specific cancer incidence rates in human populations. The model allows for some heterogeneity in both risk (perhaps genetic) and pathway (number of hits).”
They essentially said it takes multiple different hits or insults to cells and their genetic machinery to cause a normal cell to become cancerous. Forty years later, Sutherland and Bailer could not have dreamed about the application of their hypothesis to global mass genetic vaccination given every six months to a broad population, some with high risks for, or even with incipient cancer.
Angues and Bustos just released a paper on the Authorea preprint server that assemblies the evidence to date that both mRNA and the Spike protein work within human cells to cause changes that result in oncogenesis. The figure shown is consistent with a multi-hit hypothesis of oncogenesis after injection with Pfizer or Moderna.
This one almost slipped through the net, hats off to Kentucky Rep. Thomas Massie for bringing it up on September 27
They were planning on filling lettuce that you buy in the supermarket with mRNA!
The U.S. House of Representatives on Tuesday passed an amendment that would prohibit funding for transgenic edible vaccines — vaccines grown in genetically engineered plants for consumption by humans or animals.
The amendment, introduced by Rep. Thomas Massie (R-Ky.) to the agricultural appropriations bill H.R. 4368, would bar the U.S. Department of Agriculture (USDA) and the U.S. Food and Drug Administration (FDA) from funding the vaccines for fiscal year 2024. (Childrens’ Health Defense)
Webmaster addition: The problem with genetic tinkering with food plants is that all plants produce pollen, and pollen gets around, carried by wind and insects! A single mistake in one of these plants will eventually spread across the globe. Considering the many goofs made with the mRNA Covid shots, I agree with Massie. This is an unacceptable risk!
After weeks of clashes between the Kurdish-led Syrian Democratic Forces (SDF) and the Arab tribesman aligned with Deir Ezzor Military Council (DEMC), the SDF has imposed a curfew following a resumption of fighting on Monday. These ethnic tensions are boiling over in eastern Syria’s Deir Ezzor province, illegally occupied by the US and its SDF partners, as the Arab majority resists Kurdish rule.
Syrian media and activists reported that the SDF imposed the indefinite measure across a handful of towns in Deir Ezzor including Ziban, located close to the border with Iraq. Arab gunmen took over several positions in Ziban on Monday, during which a number of SDF fighters were killed, according to the pan-Arab TV station Al Mayadeen.
The SDF issued a statement saying the gunmen entered Ziban while “under cover of random artillery shelling” coming from the province’s government controlled town of Mayadeen. In Deir Ezzor, Damascus controls the area west of the Euphrates River, while Washington and their SDF proxy occupy Deir Ezzor east of the river. The Kurdish-led forces have accused the Syrian government of allowing the Arab militiamen to cross the Euphrates River.
The statement also claimed the SDF assisted in the evacuation of civilians to safe areas, namely nearby villages. Kurdish forces were also said to have fled the area in Ziban as the fighting exacerbated.
Though Washington has backed some Sunni Arab groups such as the DEMC in the region, the US mostly relies on the SDF to control about a third of Syria along with most of the country’s oil and wheat resources. There are roughly 900 US troops and an undisclosed number of contractors embedded with the SDF.
Earlier this week, Kentucky GOP Sen. Mitch Glitch McConnell said, "Providing assistance for Ukrainians to defeat the Russians - that's the number one priority of the United States right now - according to most Republicans."
On Thursday, Elon Musk asked on X: "Why do so many American politicians from both parties care 100 times more about the Ukraine border than the USA border?"
Musk asks such a question because, in recent weeks, the southern border crisis has once again erupted in chaos (read: here & here), primarily in Eagle Pass, Texas. And at the same time, the corporate media and the Biden administration downplay the massive influx of illegals into the US.
A Russian 'mystery plane' spotted in North Korea is making Washington nervous, after Kim Jong Un visited Russia to meet with President Vladimir Putin this moth. The two leaders, deemed 'rogue' actors by the West, are believed to have discussed and possibly inked a weapons deal at a moment Moscow needs more ammunition for military operations in Ukraine.
Citing aviation tracking site FlightRadar24, Bloomberg described it as an an unscheduled Russian military VIP plane that landed in Pyongyang earlier this week.
Image source: KCTV
The aircraft was in the North Korean capital for two days, however, both countries have kept mum as to its purpose. It could have been transporting another high-level Russian defense delegation.
"The tail number on the plane indicates it was the same aircraft Russia sent to North Korea in August, just days after Defense Minister Sergei Shoigu traveled to Pyongyang and was guided by Kim through a collection of his country’s latest weaponry," Bloomberg noted.
The West fears that that this was part of furthering agreements for technology and weapons transfers between the two countries, which are both heavily sanctioned by the US, also amid efforts to isolate them on the world stage.
Western cheerleaders for the war in Ukraine have sought to deny the complicated relationship between Ukrainian nationalism and neo-Nazi groups, calling any discussion of a Nazi past or present in Ukraine a “Putin talking point.” But the truth can only be suppressed for so long, and it recently burst forth in what should have been a sleepy session of the Canadian Parliament.
In the midst of introducing Ukrainian president Volodymyr Zelenskyy for yet another address to the House of Commons, Speaker Anthony Rota recognized 98-year-old Yaroslav Hunka as a Ukrainian war hero for fighting the Soviet Union during World War II, apparently unaware that Hunka had volunteered for the Waffen-SS Galicia division, a Nazi military unit notorious for horrific war crimes.
An entire roomful of MPs, along with Canadian Prime Minister Justin Trudeau and a fist-pumping Zelensky, rose in a standing ovation for Hunka. Rota has effusively apologized for his mistake, but the embarrassing spectacle reveals some of the flaws in Western thinking about this war.
Once again, the National Aeronautics and Space Administration (NASA) is bilking taxpayers to infinity and beyond. NASA has been busy preparing for the Mars Sample Return (MSR) mission, which is designed to collect samples of Martian soil to determine whether there is life on the Red Planet. According to a recent report, costs are through the stratosphere. The independent review board tasked with evaluating the program concluded in the review that the mission has been marred by “unrealistic budget and schedule expectations from the beginning.” The reviewers found that there is “a near zero probability” that the mission will launch by NASA’s stated 2028 goal. It’s time for NASA to ditch its costly payload and commit to keeping costs down to earth.
For years, NASA has been planning and studying how best to return samples from the Martian surface. Former NASA Administrator Jim Bridenstine even called the endeavor, “a civilization-level changing capability” that may “help us become the first to discover life on another planet.” But talk is cheap, unlike the projected program costs that won’t stop rising. According to a report released by independent reviewers in 2020, the MSR mission was slated to cost $3.8 to $4.4 billion. By June 2023, NASA was busy pushing back against credible reports that the cost had ballooned to $8 to $9 billion. The latest report identifies an upper bound of $11 billion, further eroding the credibility of an agency notorious for underestimating costs.
Since January 2021, the Biden administration has made a concerted effort to inject “Diversity, Equity, and Inclusion,” (DEI) into almost every facet of military life. This includes mandatory trainings, a DoD-wide “Equity Action Plan” and an entire day dedicated to “Leadership Stand-Down to Address Extremism in the Force.” Recently, this radical DEI advocacy was taken to a new level.
On August 9, 2022, in his previous role as Chief of Staff of the Air Force, CQ Brown sent a memo to both the Headquarters Offices for the Air Force Academy and the Air Education and Training Command titled “Officer Source of Commission Applicant Pool Goals,” the memo directed officials at those institutions to “develop a diversity and inclusion outreach plan aimed at achieving these goals no later than 30 September 2022.” Among these “goals” Brown directed the offices to implement specific racial quotas broken down by percentage for each race. For example, the goal for “White” officer candidates is 67.5% and for “Black/African American” officer candidates is 13%.
This is disturbing for several reasons and could be potentially catastrophic for the reputation of the military at a time when recruitment and retention is at an all-time low. Just this week, the Navy reported that it will miss its recruiting goal by 7,000 sailors this year and the Air Force reported that it will miss its recruiting goal for the first time since 1999.
First, the military is one of the last institutions that Americans revere. A July 2023 Gallup Poll found that 60% of Americans have a “high confidence” in the military. This is a good thing and is likely due to the military having a reputation for being a nonpolitical meritocracy where decisions are made in the best interest of protecting the country and not based on ideology.
Second, our military exists to protect the American people, our homeland, our interests, allies abroad, neutralize our enemies wherever they hide, and ensure a safe and prosperous future for our children. We will do this by finding, enlisting, training, and retaining the best and brightest men and women the country has to offer regardless of their race. Straying from that principle in the name of filling racial quotas is a disservice to the American taxpayer and makes Americans less safe.
Washington has been sinking billions of dollars into the Ukraine conflict, in the name of defeating and 'weakening' Russia, and yet Secretary of State Antony Blinken this week highlighted China as the real "threat" to the US and the 'liberal world order'.
Biden's top diplomat was interviewed by The Atlantic’s Jeffrey Goldberg, who asked among other things whether Russia or China is a bigger "threat" to the United States. Blinken responded by saying China has a "much greater ability certainly than Russia to try to shape what the international system looks like."
In reference to China, Blinken answered: "I think they want a world order, but the world order that they seek is profoundly illiberal in nature; ours is liberal with a small ‘L.’ And that’s the fundamental difference."
On the question of what motivates China, Blinken said, "I think that what it seeks is to be the dominant power in the world militarily, economically, diplomatically."
Below is the full exchange from the transcript:
Webmaster addition: War used to be about "Mom, Apple Pie, and the Flag." Today it's "LGBTQ+, sexualizing kids, and Gender Surgery!" And BTW, the US will not win a war against China.
A new report from the right-leaning Media Research Center concludes that Google is burying search results for 2024 presidential candidates, but an expert in search engine optimization has suggested it's unlikely.
According to various tests conducted by MRC and Just the News, the online visibility of these sites in generic searches for the GOP’s 2024 bench is practically nil, and not significantly better for RFK Jr., Biden's primary challenge on the left.
Google's search engine failed to produce even-handed results in multiple searches performed by MRC Free Speech America over the course of a week prior to today's Republican presidential primary debate. Researchers broadly searched for “presidential campaign websites” as well as two additional searches specifying the party affiliation of the candidates. When MRC searched for “republican presidential campaign websites,” only two candidates’ websites appeared on the first page in the search results — a Democrat candidate and a Republican who is polling at less than half a percent. -MRC
Both MRC and Senator Ted Cruz claim this is unambiguous proof of Google's bias.
Menendez’s restless nights also may have had something to do with the fact that at the time, he was allegedly accepting lavish gifts from various sources in exchange for using his Senate seat to bestow favors.
The indictment of Menendez and his wife last week included details of alleged bribes that went to the senator in exchange for revealing sensitive, nonpublic information to Egyptian contacts less than a year before his sleep-deprived speech.
It is possible that the far left sociopaths running most major American cities have finally had enough?
That could be the case in Philadelphia, where hours after large portions of downtown were ransacked and looted as part of "protests", the city's town council voted to ban safe injection sites from opening up in the city.
Councilmember Quetcy Lozada told CBS Philadelphia, who reported the decision: "This is a ban on being able to put a center like this one in a community."
"This bill puts the decision in the hands of people, the people who live there and would be directly impacted by it," Lozada added.
The bill "creates a zoning rule in nine of 10 city districts prohibiting the sites", CBS Philadelphia reported. The 14-1 vote overrode a veto by far left Mayor Jim Kenney, the article says.
This Substack has been chronicling the Intelligence Industrial Complex’s ties with Dr. Mengele 2.0 aka Dr. Fauci, and his Gain of Function eugenics bioweapon operations; we know that the DoD, Pentagon, UN, WHO, Rockefeller and Gates “nonprofits” Foundation, the CCP’s Wuhan Institute of Virology, et al. orchestrated the PSYOP-19 “pandemic,” with particularly nefarious CIA participation:
There was never a lab leak. It was always a deliberate release, with the associated slow kill bioweapon injections that would deliver the far more devastating payloads.
So is it any wonder that Dr. Mengele 2.0 was sneaking around the halls of the grossly unconstitutional and illegitimate federal spy agency, diligently colluding with his partners-in-crime to cover up all of their crimes against humanity?
With the Asian hegemons undoubtedly able to introduce gold standards, where does that leave the dollar?
This article describes just how precarious the fiat dollar’s position has become.
For now, the dollar appears to be buoyed up by rising bond yields. However, as they rise further portfolio losses for foreign investors are likely to increase, leading to dollar liquidation. It is not generally realised how many dollars and dollar securities are owned by foreigners, the bulk of them being held outside the US banking system. And the quantity of foreign currency owned by Americans to absorb this selling is very small in comparison.
Higher interest rates and bond yields also threaten to destabilise the banking system, a problem equally faced by the Eurozone, the UK, and Japan. But how can the US Government protect itself from this danger?
The only answer is to admit to the end of the fiat era and put the dollar back onto a gold standard. However, the US Government does not have the mandate to take the required actions and officially at least is still in denial over the need to stabilise the currency. The legal position referring to the constitution is briefly touched upon, because laws will have to be considered to secure the dollar’s future.
Unfortunately, the US Treasury’s gold holdings are almost certainly compromised. Furthermore, since the Asian hegemons have accumulated substantial holdings of bullion in addition to their official reserves, there is bound to be a strong reluctance to hand economic power to Russia and China by endorsing a return to gold standards.