Posts Tagged ‘BRIC’

Iran Strikes: Day 2

Sunday, March 1st, 2026

If it wasn’t clear from yesterday’s roundup, it appears that a whole lot of Islamic Republic of Iran leaders were physically meeting at Ayatollah Ali Khamenei’s bunker in Tehran when the successful decapitation strike was carried out as part of Operation Epic Fury/Roaring Lion. The operations are still ongoing, and here are some news updates.

  • “‘All’ of [Ali Khamenei’s] likely successors are ‘probably dead’ following US-Israeli strikes.”

    • Mick Mulvaney, former Trump OMB head and Chief of Staff: “A high risk, high reward type of operation.”
    • A “once in a lifetime opportunity” to both end the nuclear program and effect regime change. “All the [Iranian] senior leadership gathered together at one place at one time.”
    • The daylight attack must have meant we had really solid intel on the regime meeting. Most of our Middle East strikes happen at night during a new moon. “An opportunity they simply couldn’t pass up.”
    • “All of [Ali Khamenei’s] likely successors are probably dead as well.”
    • “The chances of getting a pro-Western, pro-American regime in Iran were as high as it ever was going to be.”
    • John Bolton was lamenting that these actions weren’t taken six or seven years ago, but the situation on the ground now is very different. “Everything has to come together at the same time for this to work.”
    • “This can’t be a forever war.”
    • Taking out the mullahs is “a step toward peace.”
  • New Guy steps into the leadership crosshairs. “Iranian Vice President Mohammad Reza Aref informed officials of plans to have him take charge of the nation during wartime, according to a report from the Iranian Students’ News Agency (ISNA) published on social media late Saturday night. There was no explicit note of President Masoud Pezeshkian’s ability to carry out presidential duties.”
  • Simon Whistler covers the strikes:

    Much of this covers information included here yesterday, but here are a few new tidbits.

    • Whistler states Iran is claiming they hit Riyadh in Saudi Arabia. LiveUAMap shows a strike against Prince Sultan Air Base, which is over a 100 miles from Riyadh. I mean, they’re both in central Saudi Arabia, but, eh.
    • In Yemen, Houthis threaten retaliation. Nothing yet.
    • The gulf states are plenty pissed at Iran tossing drones and missiles at them.
    • Russia issued a single proforma condemnation of U.S. attacks. China, on the other hand, hasn’t even done that.

  • A lot of Chinese MilTech deals were supposedly in the works when things kicked off, but it looks like very little (if any) actually made it to Iran.
  • Suchomimus video the first:

    • “It is quite telling that [Khamenei]’s death is being celebrated on the streets.”
    • Khamenei was likely killed in the opening strike. “A few sources are now saying it was Israel that hit this.”
    • “Iran isn’t showing any signs of giving up. Well, these could just be the last temper tantrum of the finished regime. The generals and remaining politicians lashing out knowing their time is over and that a surrender is inevitable and just trying to inflict damage.”
    • Suchomimus sees regime change as unlikely without “boots on the ground.”
  • Suchomimus video the second, which is all damage assessment:

    • One Iranian frigate hit, but two more showing no signs of damage.
    • Bandar Abbas radar site hit. Bandar Abbas is the port city directly north of the Strait of Hormuz.
    • Four MiG-29 fighters destroyed out of 30 in service.
    • Israel took out a Basij installation in northern Tehran, they being the hated Iranian religious police. The video shows four large buildings all exploding in a matter of seconds. “Iran’s air defense is completely ineffective here.”
    • Iran’s counterstrikes have had some limited success. In Kuwait “Ali al-Salim air base was hit.” The image shows smoke rising up from three different points, one evidently from a fuel storage strike. “One of Iran’s most successful strikes to date.” Plus a car park and a support facility.
    • Iran also hit Erbil air base in Iraq, where a large fire was seen burning. No information yet on what was hit.
    • Iran also hit Al-Udeid air base in Qatar. “This is the largest American base in the Middle East.” Videos show Patriot intercepting Iranian vehicles, but also one miss and one Patriot interceptor wandering off course and hitting the ground.
  • More IDF footage of the Basij strike:

  • The War Zone’s rolling coverage yesterday. Some highlights:

    I see Tomahawks, F-18s and F-35s, and a lot of Iranian targets going boom. And other American assets are poised to join the action:

  • Update: B-2s are already in-theater pounding Iranian ballistic missile facilities.
  • Here’s The War Zone’s day two coverage.

    Plus President Trump was stating that Iranian retaliation was less than expected.

    Also this: “Imagery circulating points to Iranian attacks in the vicinity of France’s naval base in Abu Dhabi in the United Arab Emirates.” In other news, there’s a French naval base in Abu Dhabi…

  • Beware of Astroturf protesters. “CCP-Linked NGO Network Prepares “Emergency Protests” In US After Trump’s Iran Strikes Jeopardize Oil Flows To China.”

    Planned demonstrations branded “Hands Off Iran” or “Stop The War On Iran” are scheduled to take place this afternoon in major cities across the U.S. From New York to Los Angeles, left-wing organizers have circulated digital flyers, coordinated social media blasts, and activated email lists urging supporters to mobilize within hours of the announcement. This activation alert for the protest-industrial complex occurred shortly after the Department of War’s “Operation Epic Furry” began in Iran.

    To the average person, this afternoon’s protests may look like a groundswell of outrage over the U.S. strikes on Iran, especially given that the Trump administration campaigned on no new foreign wars. But the speed, uniform messaging, and coordinated national footprint suggest something highly more organized – and familiar for readers, as we’ve diligently followed the activities of the protest-industrial complex.

    This is the same mobilization network that has repeatedly demonstrated its ability to move tens of thousands of social justice warriors into the streets in under 12 hours.

    Earlier this year, that same protest infrastructure powered nationwide pro-Maduro demonstrations almost immediately after developments in Venezuela made national headlines. In the months prior, overlapping coalitions were instrumental in organizing the anti-Israel encampments at Columbia University and other campuses, as well as anti-ICE demonstrations in Los Angeles and other sanctuary cities. The causes shift. The slogans change. The logistical infrastructure – or the machine that makes this spark – remains the same.

    What we are witnessing is not a loose collection of anti-war activists or 1970s-style hippies responding independently to global events. It is a coordinated ecosystem of dark-money funded nonprofits, advocacy groups, campus organizations, and ideological networks that can rapidly repurpose whatever geopolitical flashpoint dominates the news cycle. From the George Floyd riots to pro-Palestine protests to anti-Tesla protests to anti-Trump protests and anti-Elon Musk protests to anti-DOGE protests to anti-ICE protests/riots, these movements are not dedicated to a single issue. They are part of omni-cause mobilizers, sowing chaos deep within the nation’s core.

    Whether the banner reads “Free Palestine,” “Hands Off Venezuela,” “Abolish ICE,” or now “Hands Off Iran,” the same names frequently appear on sponsorship lists. The same fiscal sponsors provide infrastructure. The same activist pipelines appear.

    This brings us to far-left billionaire Neville Roy Singham, whom The New York Times recently described as “known as a socialist benefactor of far-left causes” and as someone who “works closely with the Chinese government media machine and is financing its propaganda worldwide.”

    Singham’s network, shortly after Operation Epic Furry began, announced on X “New York City Emergency Protest” to “Stop The war On Iran.”

    “The U.S. and Israel are carrying out an unprovoked, illegal bombing campaign on Iran. This war serves no one but a tiny elite and oil executives and is a continuation of more than two years of genocide in Palestine and US-Israeli aggressions throught the region,” the People’s Forum, a Manhattan far-left non-profit also linked to Singham, wrote on X.

    Other left-wing groups on the flyer tied to Singham’s network include the ANSWER Coalition and CODEPINK. Also on the list are the Democratic Socialists of America, American Muslims for Palestine, the National Iranian American Council, the Palestinian Youth Movement, Black Alliance for Peace, and 50501.

  • After almost half a century, we’re finally cutting the head off the snake.

    November 4, 1979 — almost 47 years ago — Iran seized the American embassy in Tehran and held its staff hostage. Ever since then, American presidents have struggled with what to do.

    Jimmy Carter temporized for many months, even as ABC’s newly created Nightline — a nighttime news show created specially to cover the hostage crisis — opened every night with “America held hostage, day XXX.” His wife, First Lady Rosalynn Carter, finally prodded him to do something. The “something” turned out to be a shambolic rescue mission that ended in disaster.

    President Reagan intimidated the mullahs a bit, but never seriously retaliated for the Beirut barracks bombing that killed over 200 Marines along with over a score of other service personnel. George H.W. Bush invaded Iraq but left the mullahs largely alone. Bill Clinton did nothing of substance. George W. Bush had a chance to bring the Iranians to heel after the conquest of Iraq, but inexplicably failed to press his advantage. Barack Obama was, basically, complicit in their nuclear program, to the point of famously sending them pallets of cash totaling over a billion dollars.

    President Trump, on the other hand, killed General Soleimani and told other Iranian leaders that they could be next. And now they are next.

    So what have we learned, and what’s likely to happen in the future?

    Well, first, with the capture of Maduro and now this, we’ve learned that our military can do things no one else can. We seized a leader of a hostile nation from his largest military base and brought him to custody without losing a single American life. Now we’ve killed the single biggest threat to American interests in the Mideast, along with much of his senior leadership, again without losing a single American life.

    Why didn’t we do this before? And why could we do it now? The reason we can do it now is mostly leadership. Secretary of War Pete Hegseth quickly prioritized precision and lethality in the military; President Trump was willing to use the military in ways prior presidents were not.

    Why didn’t we do this before? Part of that is because the foreign policy establishment, like the domestic policy establishment, doesn’t exist to solve problems. It exists to manage those problems in ways that keep its members cushily employed. To, in Myres McDougal’s words, “maintain tensions at a level short of unacceptable violence.”

    Trump, on the other hand, wants to solve things, even if it involves inflicting unacceptable violence on the enemy. Also, he regards our enemies as actual enemies, not as “foreign colleagues” or “partners in peace.” To quote author Keith Laumer, “there’s nothing as peaceful as a dead troublemaker.” Khamenei is now peaceful.

    In fact, Trump’s approach across the board, which has brought him success after success in his first 13 months back in office, is to solve problems the way the guys in the bar say they would do it. Too much illegal immigration? Close the border and deport the illegals. Problems with Iran? Kill their leaders and encourage a revolution. Venezuela shipping drugs and gangs to the U.S.? Capture their leader and encourage his successor to cooperate or share his fate. You can just do things.

    The thing is, though, that there’s a subtlety in this approach. Just doing things turns out to work. But if you take a step back from these actions of Trump’s, the big picture shows a pretty coherent strategy. Trump wants to weaken China without going to war with China. He has now cut off two major suppliers of oil to the PRC, which produces hardly any oil of its own. (It’s worse than that, because China wasn’t paying for that oil with dollars, and now it will need dollars to buy oil elsewhere.) That applies a squeeze to an already squeezed CCP, and will make Xi’s position, domestically and internationally, weaker. Also the military excellence recently displayed has to inspire second, third, and fourth thoughts about invading Taiwan.

    Trump’s tactics typically have two characteristics: He goes after his opponents’ source of sustenance (usually that means money, but not always) and he accomplishes more than one thing at a time. In neutralizing Iran, Trump accomplishes a lot of things. First, of course, he neutralizes a major hostile regional threat.

    But second, he cuts the ground out from under what’s left of Hamas and Hezbollah. He also shuts off the pipeline of cash that was being used to bribe politicians and journalists in Europe (the Iranians have basically admitted that they do that) and support various NGOs and the like that serve anti-American and anti-Israeli ends. Iran has been a major sponsor of terrorism around the world; that will end.

    With Iran gone (and India, thanks to tariffs, eager to be on our team) the threat of the BRICS has been sharply reduced. Brazil under Lula isn’t friendly, but isn’t a power house. Russia and China don’t like us but China needs oil and Russia is broke and mired in an endless and ruinous war of its own devising.

    With Iranians free to say what they think of the mullahs’ regime, he also delegitimizes the left’s narrative that fundamentalist Islam somehow has some sort of anti-colonial virtue. In fact, the mullahs ran Iran as a Persian colony of an Arab ideology. The Iranian public is well aware of this, and will be saying that a lot.

    And if he’s able to see a new pro-American government in Iran (distinctly likely) we’ll have a regional ally that will encourage the Arab states, currently friendly to us and Israel out of fear of Iran, to remain friendly to us and Israel out of a different sort of fear of Iran.

    • As they say: Developing…

    Update Some tidbits of news from the Suchomimus discord:

  • Iranian President Masoud Pezeshkian claims he’s alive and in charge:

    Power struggle between him and Mohammad Reza Aref, or just confusion?

  • Iranian foreign minister is suggesting that no one is actually in charge, that the chain of command has broken down and the military is just sort of acting on general vibes:

    Which is not what you want to hear less than 48 hours into a shooting war…

  • Mojtaba Khamenei, Ayatollah heir apparent, is apparently dead as well.

  • That four building complex previously described as Basij headquarters is here described as “Sarallah Headquarters” or “security crisis management command center of the Islamic Revolutionary Guard Corps (IRGC) in Tehran”:

    Now technically, the Basij is a subset of the IRGC, so that may be where the confusion comes in. Or the complex could be both. Google Maps isn’t helping me out here…

  • More of Iran’s classic aircraft destroyed:

  • Despite claims of not being involved, UK fighters are reportedly flying CAP over the Persian Gulf:

    • I’m dancing as fast as I can…

    Update 2: Another Suchomimus video. Did Iran just sink their own shadow fleet tanker?

    Update 3 via Instapundit:

  • Also dead: Iran’s ex-president Mahmoud Ahmadinejad.
  • More Iranian officials killed:

    “Gen. Abdol Rahim Mousavi and Defense Minister Gen. Aziz Nasirzadeh were killed at the meeting alongside the head of Iran’s paramilitary Revolutionary Guard and security adviser Ali Shamkhani.”

  • Why do feminists hate women’s freedom?

    • Update 4 via the Suchomimus Discord.

  • More dead regime bigwigs:

    “Iranian state media confirmed the killing of seven senior Armed Forces commanders in the US-Israeli strikes. Those killed include Supreme Leader’s office chief Mohammad Shirazi, his deputy Akbar Ebrahimzadeh, Armed Forces intelligence deputy Saleh Asadi, logistics deputy Mohsen Darreh Baghi, police intelligence chief Gholamreza Rezaeian, Armed Forces operations planning chief Bahram Hosseini Motlaq, and Armed Forces logistics chief Hasanali Tajik.”

  • More regime buildings go boom:

    • Update 5 Saw ships, sunk same.

    U.S. President Donald Trump announced Sunday that nine Iranian naval ships have been sunk as part of combat operations against Iran.

    “I have just been informed that we have destroyed and sunk 9 Iranian Naval Ships, some of them relatively large and important,” Trump wrote in a post on X, adding that Iran’s naval headquarters has been “largely destroyed” in a different attack.

    “We are going after the rest — They will soon be floating at the bottom of the sea, also!” Trump wrote.

    U.S. Central Command officials said earlier Sunday that an Iranian Jamaran-class corvette was struck by U.S. forces at the beginning of Operation Epic Fury.

    “The ship is currently sinking to the bottom of the Gulf of Oman at a Chah Bahar pier,” the statement reads. “As the president said, members of Iran’s armed forces, IRGC and police ‘must lay down your weapons.’ Abandon ship.”

    Update 6: The SUPERgeniuses controlling Iran’s missiles decided it was a swell idea to toss ballistic missiles at a UK base in Cyprus.

    Result: Craven jihad apologist Keir Starmer grows something vaguely resembling a spine and gives the U.S. permission to use Cyprus base for “defensive purposes.” With so many Middle East bases to chose from, I’m not sure the US actually has any assets they can usefully deploy there, but still.

    Clarification: Here Starmer makes clear that “defensive purposes” includes letting American assets use British bases, including those in the Persian Gulf, to hunt Iranian missile launch sites and storage facilities:

    “They say his spine grew three times as large that day…”

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    Posted in Foreign Policy, Jihad, Military, video | 19 Comments »

    LinkSwarm For August 18, 2023

    Friday, August 18th, 2023

    San Diego tries enforcing the law, a sampler of the lies Obama told about his life, Blade-Runners take on Big Brother’s cameras, a nuke rises in Texas, and a Cthuloid horror swims the chilly waters of Antarctica. It’s the Friday LinkSwarm!

  • San Diego tries “this one weird trick” to deal with homeless problem: Enforcing the law.

    Police began enforcing San Diego’s controversial new camping ban Monday, and although officials said they’ve so far focused only on Balboa Park, the new ordinance combined with other enforcement of laws long on the books has already made notable changes in the encampment landscape.

    The “Unsafe Camping Ordinance” allows officers to force people off public land if they’re sleeping within two blocks of a school, shelter, trolley station, waterway or park “where a substantial public health and safety risk is determined.”

    Capt. Shawn Takeuchi, head of the city’s neighborhood policing division, said his five-member team did arrest several homeless people Monday by Balboa Park, but only for existing warrants.

    Others were given a warning, he said. If any of the same people are found illegally camping a day later, they’ll get a ticket even if they’ve moved locations.

    Nobody in Balboa Park accepted offers for shelter Monday, the captain added. Enforcement will continue to focus on schools and parks in the near future, and officials declined to say where the team might move next.

    Do you think Austin’s government might start enforcing the city’s camping ban? Of course not. Then how are they supposed to rake off the graft? (Hat tip: Instapundit, who offers some takeaways worth highlighting:

    1. The homeless respond to policy and incentives like anyone else. The mere announcement of a future camping ban (plus some enforcement of other existing rules) rapidly cleared out major problem areas.
    2. The provision of shelter or housing is neither necessary nor sufficient to accomplish these clear-outs. Of the people asked to leave Balboa Park on the first day of enforcement (issuance of warnings), none accepted offers of shelter.
    3. The NGOs that have colonized the homeless problem have neither the incentive nor the knowledge to solve it. The head of one shelter was confused by the magical disappearance of his potential clients. “Where did they go?”

  • Harvard law professor Alan Dershowitz explains why the latest Trump indictment is a joke.
  • Charles F. McGonigal, a former FBI agent pushing the Russian collusion fantasy pleads guilty to Russian collusion. (Hat tip: Instapundit.)
  • Hunter Biden’s tax charges dismissed, but only as a prelude to filing more serious charges against him.
  • Biographer David Garrow reveals some of the many things Obama lied about.

    There is a fascinating passage in Rising Star, David Garrow’s comprehensive biography of Barack Obama’s early years, in which the historian examines Obama’s account in Dreams from My Father of his breakup with his longtime Chicago girlfriend, Sheila Miyoshi Jager. In Dreams, Obama describes a passionate disagreement following a play by African American playwright August Wilson, in which the young protagonist defends his incipient embrace of Black racial consciousness against his girlfriend’s white-identified liberal universalism. As readers, we know that the stakes of this decision would become more than simply personal: The Black American man that Obama wills into being in this scene would go on to marry a Black woman from the South Side of Chicago named Michelle Robinson and, after a meteoric rise, win election as the first Black president of the United States.

    Yet what Garrow documented, after tracking down and interviewing Sheila Miyoshi Jager, was an explosive fight over a very different subject. In Jager’s telling, the quarrel that ended the couple’s relationship was not about Obama’s self-identification as a Black man. And the impetus was not a play about the American Black experience, but an exhibit at Chicago’s Spertus Institute about the 1961 trial of Adolf Eichmann.

    At the time that Obama and Sheila visited the Spertus Institute, Chicago politics was being roiled by a Black mayoral aide named Steve Cokely who, in a series of lectures organized by Louis Farrakhan’s Nation of Islam, accused Jewish doctors in Chicago of infecting Black babies with AIDS as part of a genocidal plot against African Americans. The episode highlighted a deep rift within the city’s power echelons, with some prominent Black officials supporting Cokely and others calling for his firing.

    In Jager’s recollection, what set off the quarrel that precipitated the end of the couple’s relationship was Obama’s stubborn refusal, after seeing the exhibit, and in the swirl of this Cokely affair, to condemn Black racism. While acknowledging that Obama’s embrace of a Black identity had created some degree of distance between the couple, she insisted that what upset her that day was Obama’s inability to condemn Cokely’s comments. It was not Obama’s Blackness that bothered her, but that he would not condemn antisemitism.

    Snip.

    Perhaps the most revealing thing about Jager’s account of her fight with Obama, though, is that not one reporter in America bothered to interview her before David Garrow found her, near the end of Obama’s presidency. As Obama’s live-in girlfriend and closest friend during the 1980s, Jager is probably the single most informed and credible source about the inner life of a young man whose election was accompanied by hopes of sweeping, peaceful social change in America—a hope that ended with the election of Donald Trump, or perhaps midway through Obama’s second term, as the president focused on the Iran deal while failing to address the concerns about rampant income inequality, racial inequality, and the growth of a monopoly tech complex that happened on his watch.

    The idea that the celebrated journalists who wrote popular biographies of Obama and became enthusiastic members of his personal claque couldn’t locate Jager—or never knew who she was—defies belief. It seems more likely that the character Obama fashioned in Dreams had been defined—by Obama—as being beyond the reach of normal reportorial scrutiny. Indeed, Garrow’s biography of Obama’s early years is filled with such corrections of a historical record that Obama more or less invented himself. Based on years of careful record-searching and patient interviewing, Rising Star highlights a remarkable lack of curiosity on the part of mainstream reporters and institutions about a man who almost instantaneously was treated less like a politician and more like the idol of an inter-elite cult.

    Snip.

    Progressive theology is built on a mythic hierarchy of group victimhood which has endured throughout time, up until the present day; the injuries that the victims have suffered are so massive, so shocking, and so manifestly unjust that they dwarf the present. Such injuries must be remedied immediately, at nearly any cost. The people who do the work of remedying these injustices, by whatever means, are the heroes of history. Conversely, the sins of the chief oppressors of history, white men, are so dark that nothing short of abject humiliation and capitulation can begin to approach justice.

    It goes to say that nothing about the terms of progressive theology is original. It is the theology of Soviet communism, with class struggle replaced by identity politics. In this system, Jews play a unique, double-edged role: They are both an identity group and a Trojan horse through which history can reenter the gates of utopia.

    Read the whole thing to see all those facts about Obama that the media ignored…including his fantasies about having sex with men.

  • Yuan hits 16 year low against the dollar.
    

  • The origins of the global warming scam.

    Members of the IPCC, such as Pedro Moura-Costa (above) and Gareth Philips, had major conflicts-of-interest. They owned, created and/or worked for businesses — such as Ecosecurities and SGS Forestry — that would directly profit from the report’s conclusions.

    In fact, the IPCC panel members’ companies were positioned to earn millions of dollars from the report. But the mainstream media did not report these conflicts and instead piled on the “global warming” and “carbon offset” bandwagons.

    Solar energy portal Ecotopia reported that members of the IPCC “…had vested interests in reaching unrealistically and unjustifiably optimistic conclusions about the possibility of compensating for emissions with trees… [and] should have been automatically disqualified from serving on an intergovernmental panel charged with investigating impartially the feasibility and benefits of such ‘offset’ projects.”

  • Social Justice strikes again: Woke Hawaiian Official Stalled Release Of ‘Revered Water’ Until It Was Too Late To Save Maui.”

    According to accounts of four people with knowledge of the situation, M. Kaleo Manuel, a Native Hawaiian cultural practitioner and DLNR’s deputy director for water resource management, initially refused West Maui Land Co.’s requests for additional water to help prevent fires from spreading to properties managed by the company. Manuel eventually released water but not until after the fire had run its course.

    His office has not yet commented on the delay of water resources.

    How much damage could have been prevented with the extra water is not yet known. However, the question of “Why?” needs to be addressed in the wake of one of the worst natural disasters in Hawaii’s history. Though bureaucratic red tape might be the most obvious suggestion, a recent interview with M. Kaleo Manual offers some interesting and disturbing insight. Manuel waxes philosophical on “water equity” (“equity” being a pervasive woke buzzword) and an ancient “reverence” of water as god-like. He uses these beliefs to support his rationale for keeping tight controls over Hawaiian water supplies; not as a resource to be used, but as a holistic privilege offered by the government.

  • Economist who named BRICS says the idea of a common BRICS currency is “embarrassing.”

    “It’s just ridiculous,” [Lord Jim O’Neill] told the Financial Times in an interview on Monday. “They’re going to create a BRICS central bank? How would you do that? It’s embarrassing almost.”

    The economist spoke ahead of the 15th BRICS summit next week, where the nations will meet to decide whether to expand membership to other countries and may also float the idea of the common currency.

    (Hat tip: Stephen Green at Instapundit.)

  • “Blade Runners” take out new London monitoring cameras. (Hat tip: Instapundit.)
  • What’s the matter with Sweden?

    The following story was related to me by a former Governor of Minnesota, who was of Norwegian descent. A number of years ago, a Norwegian dignitary (the Prime Minister, I think) visited Minnesota. Talking to our governor, the Prime Minister tut-tutted about Minnesota’s crime rate, saying that there was much less crime in Norway. Minnesota’s governor replied, “We don’t have a crime problem with our Norwegians, either.”

    That anecdote came to mind when I read, in the London Times, “Sweden’s slide from peaceful welfare state to Europe’s gun-killings capital.”

    Today, Sweden is Europe’s capital of gun homicide. Last year, according to the Swedish national council for crime prevention, 63 people were shot and killed: more than double the European average and, per capita, multitudes higher than London or Paris.

    … The effect on Swedish society has been striking. As well as the lives lost, the violence has brought down a government, changed laws and policies, and become the biggest talking point in a country that once prided itself on its reputation as a peaceful welfare state.

    Violent crime will do that, although, to be fair, Sweden’s homicide rate is considerably lower than ours. But it is now significantly higher than homicide rates in quite a few other European countries, including Norway. Why is that? Have Swedes suddenly started getting violent? No.

    It has also kicked the hornet’s nest of integration. Today, one fifth of all people living in Sweden were born outside the country.

  • Dow Chemical is planning to build a small nuclear reactor to power their plant in Calhoun County. Good for them. The TRISO-X fuel they’re using sounds like it will be a pebble bed reactor design.
  • “Target Sales Dipped in Last Quarter Due to Pride Backlash.”
  • Is Adobe sell AI-generated stock art based on artist’s work?
  • Jihadi dumbass kills himself while cleaning his gun.
  • William Friedkin, RIP.
  • Enjoy contemplating this horrifying Cthuloid abomination swimming in antarctic waters.
  • A guide to the things considered disrespectful when working in a Japanese office. Like “going home on time.”
  • Is there any UK tradition more glorious than tossing hot pennies off a high building for the joy of seeing poor people burn their hands grabbing them?
  • “Country Music Industry Confused By Man Actually From Country Making Actual Music.”
  • “Prince Immediately Regrets Waking Rachel Zegler With A Kiss After She Starts Ranting About The Patriarchy.”
  • Good boy!

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    Posted in Crime, Democrats, Global Warming, Jihad, Obama Scandals, Regulation, Social Justice Warriors, Texas, Waste and Fraud, Welfare State | 5 Comments »

    Zeihan: The Dollar’s Demise As The Global Currency Is Greatly Exaggerated

    Wednesday, January 4th, 2023

    “Every few months to couple of years, a new conventional wisdom takes hold that the United States is in its final years, if not final months, and some big political thing is going to happen that is going to dethrone the US dollar as the global currency, and all American power will unwind with that. There is no part of that logic chain that has ever been correct.”

    Some takeaways:

  • U.S power is not a result of its position as the global currency, it’s the other way around. The global currency has to be able to impose, by force if necessary, some sort of tax pax on the trading system to allow trade to happen in the first place. And right now the U.S Navy is more powerful than that of all other navies combined by about a factor of seven. And if you consider that the world’s second and third most powerful expeditionary navies are the Japanese fleet and the British fleet, and you throw them in as American for this Force projection factor, you’re now talking in excess of 12 to 1.

  • “Honestly, there’s there’s never been any math there and there’s no danger to the U.S. position from a strategic point of view.”
  • “BRICs is a group of four large developing economies: Brazil, Russia, India and China. It’s a grouping that was put together by some finance guy back in the 2000s, and all he meant by it was ‘Hey, look, these are four big countries with big bond markets we might want to consider trading these as a group.’ That’s all he ever thought about it.”
  • “The leaders of the BRICs countries do get together from time to time. [No]
    meaningful policy has ever come out of it, because these countries don’t really trade. I mean they all trade with China, of course, but they don’t trade with one another, so there’s a reason to caucus with Beijing, but the rest of it is just kind of fluff. Always has been.”

  • “When I see stories about other countries such as South Africa, or Argentina, or now Saudi Arabia starting to join, I’m like ‘Oh, this is really boring.’ Because these countries really have nothing in common.”
  • “The conspiratorial logic goes: If they stop using the U.S. dollar, then the US is doomed. Well they’d have to start using something else, and none of them, none of them, want to use each other’s currencies, because that would give that country a leg up.”
  • “The Russians have always said that the ruble should be the global currency, which makes everyone, everyone laugh, because nobody wants rubles, especially Russians.”
  • Same for the Yuan and the Rand.
  • “If you want to have a Global Currency it has to be huge. It has to be able enough to lubricate the global exchange mechanisms, which at last check was in the tens of trillions. And that doesn’t mean that your currency has to be in the tens of trillions, that means you have to be able to lubricate the exchange of tens of trillions, your currency needs to be even bigger.”

  • Which gets us to probably the single biggest constraint on being a global currency: you have to not care what happens to the value of your currency in any given day, because if there’s a trade surge and demand of your currency goes up, then all of a sudden supply of your currency is plummeted, and you’re dealing with very real economic distortions at home. So your currency has to be so huge that you don’t care that global exchange in it is moving around every day. And that means you also need to be able to run a persistent trade deficit, because you have to be able to provide currency for everyone who wants to trade everywhere at any time, and you cannot sign off on each individual transaction.

  • “That makes the list down to one already.”
  • “Europeans couldn’t do it, because they have to run a trade surplus because their demographics are so aged they will never be net importers again.”
  • “It can’t be the Chinese. The Chinese are the most manipulated currency in human history. They print two to five times as much currency every month as the U.S Fed did at the height of our monetization programs in 2007 to 2008, and then again during Covid. It’s everything that everyone says is wrong with the US dollar is actually wrong with the Yuan by a factor of 10.”
  • “Every time the Chinese start to loosen up their capital controls in an attempt to have a bigger role for their currency internationally, a half a trillion to a trillion dollars of private savings floods out of the country in a matter of months, and they have to slam that window shut again.”
  • Even in times of war, countries tend to use the dominate global currency for international trade, even if issued by their current enemy.
  • “The Russians are under financial constraints right now, sanctions put on them by the Americans the Europeans and others, and so they tried to pull a lot of their petroleum earnings, which comes in in euros and dollars, and they tried to push it into Chinese yuan as kind of like a stick it to the West. Well, a few months later they tried to then pull it out, and the Chinese went like ‘Well, no, we really don’t want these Yuan back.’ And so the Russians just lost tens of billions of dollars.”
  • In a post-globalist economy, American dollars provide a handy hedge against regional hegemons.
  • “There’s no shortage of people who don’t like Americans, who have no sense of math or history, who are always going to trot this up every few months, and it means as little today as it did then.”

    • That means you too, Zerohedge…

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