Last night.

Washington DC, USA

“You know, we are at an inflection point, I believe, in the world economy — not just the world economy, in the world. It occurs every three or four generations.

“As one of — as one of the top military people said to me in a secure meeting the other day, 60 — 60 million people died between 1900 and 1946. And since then, we’ve established a liberal world order, and that hadn’t happened in a long while. A lot of people dying, but nowhere near the chaos.

“And now is a time when things are shifting. We’re going to — there’s going to be a new world order out there, and we’ve got to lead it. And we’ve got to unite the rest of the free world in doing it.”

US President Joe Biden

Gulp.

Remarks by President Biden Before Business Roundtable’s CEO Quarterly Meeting (The White House)

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123 thoughts on “NWO Way

  1. john f

    But still, if you mention anything in relation to a new world order, most consider you to be mentally deranged conspiracy theorist and blindly dismiss all that you are saying.
    ordo ab chao

    1. Nigel

      Claiming that there’s a New World Order behind the chaos and the shifts in the world as part of an opressive plan, and saying that the chaos and the shifts in the world are leading to the emergence of a new order in the world are not the same thing. But if Biden mentions the latter and it’s taken as a sign that he means the former, then that’s conspiracy theorising.

        1. jonjoker

          He ignored Biden’s slip of the tongue “We’re going to -” before rectifying and saying that the new world order is “just going to happen”. By magic like, if we are to believe Niggle.

          1. bisted

            …far be it from me to double think a wordsmith like you Nigel…I was leaving a space for you to insert the Democrat euphemism of your choice…Joesplaining perhaps…

      1. K.Cavan

        Incorrect, Nigel, it is exactly the same thing viewed from different perspectives. Nothing just “happens”, there is no randomness to events, every reaction is due to an action. There are hands on the steering wheel, to deny that is like believing that the course of human history is as capricious as the weather, like some sort of natural occurance or force of nature.
        You didn’t spend enough time thinking about this, your post seems to present the knee-jerk response of a Reactionary as an objective truth & to claim that a New World Order is random, just a New World, without any Order.
        Biden begs to differ, clearly.

        1. Nigel

          ‘There are hands on the steering wheel,’

          The sheer idiocy of claiming there is only one steering wheel, only one thing being steered, and only one set of hands tugging at each wheel. Simple minded dogmatism.

    2. jonjoker

      I heard on the radio this morning that Biden “thinks” the Russians are going to use “biological and chemical weapons”.
      In Kosovo it was genocide; in Iraq it was “weapons of mass destruction”; in Syria “chemical weapons”.
      The Yanks are always ready to pull an excuse out of their sleeve.

      It really does look like Biden wants a war with Russia.

      1. jonjoker

        “60 million people died between 1900 and 1946”

        I’d love to know how many have died as a resullt of America’s wars since 1946. I’m guessing it would be a fairly impressive number.

      2. Janet, dreams of an alternate universe

        International Law only applies to poor countries in Africa..or you know people who dare vote against the US like Yemen

      3. Nigel

        What’s the excuse? Putin ahs used chemical weapons before, on individual and mass levels, and Biden’s been right about him before. I can’t see what advantage Putin would gain from such an attack – it’s a teror weapon, not a strategic one, but either Biden’s worried that as the stalemate draws on he’ll resort to terror tactics, or by openly warning about them, he’ll keep them off the table.

        1. Duncan Wheeler

          Nigel the so called chemical attack in Syria has been shown, by doctors and civilians in the Aleppo area where this ‘attack’ occured all say the same thing, no chemical attack just people with breathing problems from all the dust thrown up from explosions. The infamous white helmets attempted to induce panic shouting gas attack, with the hospital staff telling them to stop causing panic. This shi* is old. Today, Biden says Russia is planning a chemical attack. Tomorrow there’ll be a ‘gas/chemical’ attack and Russia will be blamed whether guilty or not. This is the same playbook the yanks have used many time in the past, it’s so bleedin obvious.

          1. Nigel

            One thing Syria showed and the current invasion is showing – people are willing to deny war crimes when it suits them.

        2. K.Cavan

          You think Russia’s invasion has arrived at a stalemate? What’s that based on, Nigel, apart from your own wishful thinking & the fact that every other “war” you’ve ever witnessed was not a war between two armies but the complete destruction of a country by America’s military, with no distinction drawn between opposing military & the civilian population. Russia wants to capture, not destroy, Ukraine & they will, no matter how hard you wish it to be otherwise.

          1. Nigel

            It’s dragged on for nealry a month now, the superior military force being held back by a small, scrappy but determined defence. Trying to spin that as a deliberate strategy is laughable.

            ‘every other “war” you’ve ever witnessed’

            Speak for yourself.

          2. K.Cavan

            What other wars have you witnessed, Nigel? You really start spoofing when you’re as hysterical as you’ve been for the last few days.

          3. bisted

            …in fairness Nigel, the yanks would have gone for the whole shock and awe thing…especially if armed with the Russians much superior missiles…would have all been over in a few hours…

          4. K.Cavan

            What other wars have you witnessed, Nigel? You really start spoofing when you’re as hysterical as you’ve been for the last few days. It’s “dragged on for nearly a month” that’s hilarious, you think you know how long a war should last? End of April, Nigel, it’ll be all over about then.

          5. Nigel

            Then obviously the US are superior in terms of modern military strategy and execution than the Russians, which suggests any future occupation is going to go even worse for the Russians than they did for the US.

    3. SOQ

      But sure we can always rely on Kamala Harris eh?

      “Ukraine is a country in Europe. It exists next to another country called Russia. Russia is a bigger country. Russia is a powerful country. Russia decided to invade a smaller country called Ukraine so, basically, that’s wrong,”

      Such depth of knowledge and insight is breath taking.

        1. K.Cavan

          Her speech to European Defence Ministers was a cracker too: “Guys, guys, we’re talking about war in Europe…” She genuinely then flutters her eyelids, which looks weird, as she’s wearing a shiny black mask that really looks gimpy.

      1. Duncan Wheeler

        And that weird laughing when asked an akward question. Her, Pelosi and sleepy Joe, what an A team.

  2. Broadbag

    It’s truly shocking that after the clown show of the Trump presidency, this senile zombie ascended to the most powerful role in the world, America is completely f-ed.

    1. Ian - oG

      Former guy must be livid to see a guy who is older and clearly not playing with a full deck still doing a better job than him.

      But when 95% of your time was spent addressing every slight whether perceived or real on Twitter, it wouldn’t be that difficult.

      All Biden had to do was to show up and remain conscious and not even for the entire time. Imagine, being beaten by a man who is probably no longer allowed to operate heavy machinery, the embarrassment.

      Is there anyone in America who could step up and unite both sides? It’s highly doubtful ever since the republican party selected a joke of a human being to be their candidate for president.

      1. Mr. T

        “still doing a better job than him.”

        eh??
        Relations with Saudis, Russians, even with their ‘greatest ally’ Israel are all at historical low points. He axed american oil production as soon as he entered office and is now suffering the consequences of €5 /gallon gasoline, his covid stimulus and money printing has led to never before seen producer price inflation.
        The jury is still out, he has years still to go – but to suggest at this point in time its been better is laughable.

        Oh and the almost comedic withdrawal from Afghanistan, having pulled the rug from under the Afghan govt & armies and trying to sneak out unannounced.

        1. Ian - oG

          No matter how bad it is now under Biden it would have been much worse with the former guy who would have been tweeting about A$AP Rocky, Kanye West’s divorce or someone he knows on Dancing with the stars while lauding Putin’s ‘dragon energy’ or some such idiocy all the while having his RealDoll ® son in law doing shady deals with Bone Bin Salman.

          1. Nigel

            I don’t know how ‘bad’ things are under Biden. He’s relying on vaccines alone to deal with covid, yes, that’s a disaster, he’s utterly tepid on climate change, and supporting or prosecuting other wars while denouncing Putin’s is obviously sick – but all of those are still better than Trump. Looking like a hypocrite is better than shrugging, calling him a great guy and letting him at it.

          2. Mr. T

            So you cant actually tell why he would be worse, but because you dont like him tweeting he must have been worse – despite there being relative prosperity during his term.

            But sure orange man bad and all that

          3. Nigel

            ‘So you cant actually tell why he would be worse,’

            Yes, you can only go by his political record and all the things he said and all the things he did, otherwise complete guesswork.

          4. Ian - oG

            @Nigel – I’m talking about the general state of the world with covid, supply chain issues, a rise on utter nutcases who think crap they see on thick thock is news (evidenced by the many idiots on here for example.)

            @Mr. T. yes, that’s right, Orange manchild is bad, however I’ve clearly made the point that a man in his position can’t be spending so much time addressing nonsense on social media or appointing advisers who are more interested in lining their own pockets than doing their job, so if that wasn’t immediately clear to you not my fault, you are either too dumb or too biased to debate sincerely.

        2. Oro

          Mmmmm two of the three covid stimulus checks were under Trump (April 2020 & December 2020 (election was done but trump still in office)), and the only Biden stimulus was available to fewer people (due to tighter qualifying requirements) so idk if you got that one the right way around.

      2. Janet, dreams of an alternate universe

        both sides is an illusion anyway, they dance to the tunes of their investors, I think they call it funding ;), who put them there and don’t represent most Americans

        1. Nigel

          ‘both sides is an illusion anyway,’

          Well, one side is banning abortions, criminalising health care for trans kids, banning books from schools and libraries and enacting assorted types of voter supression, and the other side isn’t, but sure, at some abstract level they’re exactly the same.

          1. Janet, dreams of an alternate universe

            the finer details within their ” Nation ” to the outside world I think you’ll find policy is the same…fupp everyone to keep the dollar strong

          2. Ian - oG

            That’s it Nigel. The republicans seem to be on a quest to become as much like the villains in The Handmaids Tale as they can.

          3. Nigel

            ‘to the outside world I think you’ll find policy is the same…’

            No, it isn’t. Trump went around dismantling international treaties and agreements, Biden is trying to shore them up and strengthen them. It’s literally the opposite policies.

          4. bisted

            …how does that aphorism go Nigel…he who ties the bell to the tail of the tiger…comrade Xi seems to think sleepy Joe has precipitated the situation in Ukraine…what’s this you call it, a war?

          5. Nigel

            You and Xi, trying to shift the blame away from Putin, like good comrades should. Even though Putin is nobody’s idea of a comrade.

          6. Micko

            “ one side is banning abortions, criminalising health care for trans kids, banning books from schools”

            But, is that what voters in those particular States want?

            If not, I’m sure the republicans will be out on their snot come election time.

          7. Oro

            It’s not what voters want, but voters in the US are ideologically connected to either party and it takes a lot for them to go against that mold, also, the republicans take advantage of the ‘Christian values’ part of their shtick so that they can push these nasty laws through but keep their voters by identity manipulation. That’s how they manage to do all their unpopular healthcare and big business protection legislation, they massage their voters using religion, and use scare tactics about what the “liberal city dwellers” will do to their way of life if things change. It’s a totally bizarre system, I really don’t like two party politics.

          8. Nigel

            ‘But, is that what voters in the particular States want?’

            The question was whether ‘both sides’ are the same. One side wants these things, the other side opposes them.

            ‘I’m sure the republicans will be out on their snot come election time.’

            See efforts at voter supression.

          9. Micko

            So YOU can bring up those issues Nigel, but when I query that they may be following the will and wants of the people they represent, YOU dismiss the issues you originally brought up.

            Classic Nigel…

          10. Nigel

            ‘YOU dismiss the issues you originally brought up.’

            What did I dismiss? Apparently you think it’s wrong to oppose bad things because some people want them? You do know that the idea that ‘the middle ground on any question must be right’ is a logical fallacy, don’t you?

          11. Ian - oG

            @Micko, the answer to that question is no, that is not what the majority want across a lot of US states, counties and urban districts but because scumbag republicans gerrymander they and their views are disproportionately represented.

            ”If not, I’m sure the republicans will be out on their snot come election time.”

            See Nigel’s point about interfering in elections.

            For a laugh, check out Gym ‘paedo enabler and rimmer of trumps behind extraordinaire’ Jordans electoral district. Drawn to ensure his seat is safe.

            ”Classic Nigel…”

            You mean sticking to the facts and not sneakily regarding the utter fupping scumbags of the republican party?

            The republican party would drag American back to the 1950’s or earlier given half a chance.

            ”Whether they are bad things is subjective”?

            So election fraud, denial of bodily autonomy which was a big deal for you the last few years and denying healthcare based on some outdated ‘morality’ is not necessarily bad but being told to wear a mask is?

            Wow, are you religious Micko?

          12. Nigel

            ‘Whether they are “bad things” is subjective.’

            So what? Reserving moral judgement as some sort of appeal to impartiality is a cop-out. But, again, the question was that both sides are the same. They are not.

          13. Micko

            “ Wow, are you religious Micko?”

            Nope, not in the slightest.

            I just understand that those issues are complex and multifaceted and not everyone thinks the same on those particular topics.

            And that someone thinking differently to you on those issues, does not automatically equate them on the same level as Darth bloody Vader or Stalin.

            Were all the Irish people (our parents and grandparents) who didn’t want abortion before 2016 monsters?

            Was your Nana a monster for thinking abortion was wrong?

            Course she wasn’t. I bet she was (is) lovely.

            Now stop being silly lads… the world is complex.

          14. Nigel

            ‘And that someone thinking differently to you on those issues, does not automatically equate them on the same level as Darth bloody Vader.’

            Pretending these issues don’t run a lot deeper than mere superficial policy differences isn’t nuance or complexity, it’s smug complacency.

          15. Ian - oG

            One of my grandmothers was absolutely in favour of abortion, the other died in the 80s and I was never privy to her views on the subject.

            ”Were all the Irish people (our parents and grandparents) who didn’t want abortion before 2016 monsters?”

            No and nobody is saying they were, we are talking about the republican party in the US not Irish people.

            ”I just understand that those issues are complex and multifaceted and not everyone thinks the same on those particular topics.”

            Some issues are complex and multifaceted, some or not.

            For example, drawing an electoral map to ensure your guy gets in every single time is not at all complex. No matter if it is legal it is morally reprehensible.

            Forcing a woman to give birth even if it puts her life at serious risk is not a complex topic. At best it’s ignorance born of religious based fear, generally though it comes down to control of others bodies.

          16. Micko

            “ No and nobody is saying they were, we are talking about the republican party in the US not Irish people.”

            Actually, I’m talking about the people who voted for them. Not the Republican Party itself. Of which I have no real opinion. Just that they are in power in certain states.

            But anyway….

            So the people who are around you in Ireland are subject to your understanding and your realisation of the complexity of their differing opinion on highly nuanced emotive subjects.

            But you can’t extend that level of complexity to people who are 3000 miles away.

            __________________

            I really feel like that is an “ism” of some kind. Not racism, but deffo some “ism”.

            Or at least a “phobia” of sorts…

          17. Ian - oG

            Do I extend that to the sort of people who believe freedom is being able to own as many and as powerful guns as possible?

            Do I extend that to people who corrupt and distort the message* of a simple carpenter to justify hate and persecution of others?

            Do I extend that to people who support measures to stop people voting based on things like skin colour?

            Probably not. But then the average Irish person by virtue of our national psychology is primed from birth to be more inquisitive, travel more and broaden our horizons than a superpower like the US. Like the t-shirt says:

            https://upload.wikimedia.org/wikipedia/en/f/f8/YouveComeALongWayBaby2.jpg

            ”I’m No. 1, so why try harder?”

            I could go on and I agree not every republican is scum, just a disproportionate amount of them, the democrats are hardly pure as snow either but pound for pound there are more maggots in the republican part.

            *I am not anti religion, but I am against the sort of fundamental sickness that infects US Evangelicals and other similar fundamentalists be they Christian, Muslim, Jew or indeed Hindu as we are seeing in India.

          18. Nigel

            ‘Was your Nana in favour of abortion Nigel?’

            I have no idea. Wouldn’t change my mind that access to abortion is a human right if she wasn’t.

            ‘Or at least a “phobia” of sorts…’

            Trying to equate profound ideological disagreements with prejudice? The ultimate useless centrism – disagreeing with someone is like being racist against them!

          19. Ian - oG

            Anyway thanks Micko, given me a right good laugh here and you have even inadvertently created a new logical fallacy:

            The ”Appeal to Nana” fallacy.

            LOL.

          20. Micko

            “ Trying to equate profound ideological disagreements with prejudice?”

            I’m not trying to equate anything Nigel.

            Ian is doing a grand job equating prejudice himself, when he says

            “But then the average Irish person by virtue of our national psychology is primed from birth to be more inquisitive, travel more and broaden our horizons”

            “Primed from birth” and “More inquisitive?” Jesus Christ! The absolute bull we believe about ourselves. Ha ha ha!

            Anyway, do you two lads want to pop off and get your stories and ideologies straight and then come back to me?

          21. Duncan Wheeler

            Nigel the parrot. Voter suppression is asking for id before voting. It’s the same in most western de’mock’racy’s. This is done to prevent voter fraud. But you know this. The very notion that a prepubescent child has any notion of their sexuality is absurd, and you should know it. I’m wasting my typing but you must be countered for all the pure nonsense that you spout. Waiting for mad insults. Peace and love.

          22. Oro

            “The very notion that a prepubescent child has any notion of their sexuality is absurd, and you should know it.”

            @ Duncan, I remember the moment I realized mine, and I was 5. Most gay men I’ve spoken to about that (casually not in any survey type situation lol) have also said somewhere between 4 and 7. Maybe it’s more pronounced in gay people since it’s a feeling you wouldn’t have seen manifested in the world around you, so it would stand out (at that time at least) but that’s how it was for me personally.

          23. Micko

            “ I have no idea. Wouldn’t change my mind that access to abortion is a human right if she wasn’t.”

            But hypothetically, if she did (or say your parents did) you could understand her motivations, emotions and life experiences around that and other subjects and why she may have reached that conclusion and subsequently voted for people who represented those beliefs, no?

            Sure you can. And how that wouldn’t make them far right voting monsters.

            All I’m asking you to do is to (consider) extending that same courtesy to similarly minded people in a different country.

            Not asking you to condone – but understand.

          24. Ian - oG

            “ Trying to equate profound ideological disagreements with prejudice?”

            ”I’m not trying to equate anything Nigel.”

            Even though it’s becoming clear you either don’t actually understand the meaning of the word equating or you are being deliberately obtuse, you absolutely are by making your rather stupid comment about being against republicans as being some sort of ‘ism’ or phobia.

            ”Ian is doing a grand job equating prejudice himself, when he says”

            First, explain exactly how I am doing a ‘grand job’ equating prejudice when what I am doing is not actually equating prejudice but making a valid observation about the differences culturally/societally between a large continental superpower and a smaller military insignificant island. As I said, I don’t think you understand what equating actually means.

            “But then the average Irish person by virtue of our national psychology is primed from birth to be more inquisitive, travel more and broaden our horizons”

            “More inquisitive?” Jesus Christ! Ha ha ha!

            Yes, absolutely. Having lived in the US for quite some time they appear to have little to no interest in other cultures or peoples. My experience is hardly unique either and can be found time and again from non US people who visit there.

            ”Do you two lads want to pop off and get your stories and ideologies straight and then come back to me?”

            So we are working in tandem behind the scenes to ‘gang up’ on you? You do realise that means Bodger has to be involved and if he is that is a whole new level of conspiracy!

          25. Nigel

            ‘Not asking you to condone – but understand.’

            That’s wonderfully patronising of you, both to me and them, but mostly it’s about avioding acknowledging the threat they pose.

          26. Micko

            “ have little to no interest in other cultures or peoples”

            And you think we do…

            Anyway lads.

            All I’m asking for is a little more tolerance and understanding of peoples situations of why they may have voted in a certain way.

            Apparently that makes me “patronising”

            Coz division and portraying the “other side” as monsters is working out SO well isn’t it?

          27. Nigel

            ‘All I’m asking for is a little more tolerance and understanding of peoples situations of why they may have voted in a certain way. ‘

            Asking people to tolerate the intolerable and the intolerant, and you think you’re Neslon Mandela.

            ‘Coz division and portraying the “other side” as monsters is working out SO well isn’t it?’

            See, you think those things are the problem, not the things that are actually being done by the ‘other side’ that provoke the division and ill feeling.

          28. Ian - oG

            “ have little to no interest in other cultures or people

            And you think we do…”

            Yes, we do, by orders of magnitude.

            ”All I’m asking for is a little more tolerance and understanding of peoples situations of why they may have voted in a certain way.”

            Why are you asking on their behalf, what is it about US republicans that makes you leap to their defence not just this time but again and again?

            ”Apparently that makes me “patronising””

            Not sure if I would call it patronising but it is quite amusing. Is there a more oppressed people on the planet than the redneck oiks of the republican party who still think trump is a business genius….lol

            ”Coz division and portraying the “other side” as monsters is working out SO well isn’t it?”

            Worked out well for the people you are defending in the past though, didn’t it?

            Who knew fostering a culture of othering, xenophobia and exceptionalism would turn around and bite you on the backside once a demographic shift started?

            (Hint: anyone with a half a brain, hence it being missed by so many republicans.)

            Still, at least they are not at risk of a lynching these days thanks to people who they view as the antichrist, so there is that.

          29. Micko

            It’s division and portraying the “other side” as monsters it is so lads

            Not even our bleedin county…ffs

          30. Nigel

            No, it’s you copping out on the the substantive issues beind the division. The funny thing is, this started with me pointing out the actual difference beytween the two US parties, and you jumped in with this fake plea for mutual understanding because you don’t want to tax yourself with the reality of the consequences of the other side getting their way.

          31. Ian - oG

            ”It’s division and portraying the “other side” as monsters it is so lads”

            Yes Micko, that is exactly what they have brought to the table and when it turns out more people are against them than with them then assume victimhood and have a good old cry about their ‘rights’.

            Well colour me amused…..lol

        1. K.Cavan

          Absolutely, Trump would’ve made a big song & dance about visiting & talking to Putin but he would’ve done it. The result of Biden meeting Putin was that it made Putin more confident in his plans, because Biden quite simply couldn’t talk, at all.

      3. K.Cavan

        I’d suggest, Ian, that if you actually believe that Biden is superior in his execution of the role of POTUS than Trump, it’s you who’s not playing with a full deck or is simply unable to see beyond the shadows on Plato’s cave wall that the media present.

    2. K.Cavan

      The Trump Presidency was presented as a clown show by a biased & partisan MSM, so, of course, that’s how it appeared. This is being spun as positively as possible by a sympathetic media, so it’s actually worse than it appears.
      Trump came from outside the political establishment, Biden is the ultimate insider.

  3. Dinkum

    Inside every commie there is an American just bursting to get out
    See Biden is intent on not just one little war but a global one
    This guy is as much as a threat to world peace as Putin and little Kim

    1. Nigel

      Biden is adamantly refusing to enter into any sort of armed conflict with Putin, ended the war in Afghaniistan, severely curtailed drone strikes but, yeah, he’s intent on wars.

          1. K.Cavan

            No, ANO, it’s Obama, he’s doing exactly what he said he wanted to do, just prior to the end of his second term, running it from the shadows. Biden is not running anything, nor Harris, nor Pelosi, all three are incompetent.

          1. Nigel

            Appreantly you’re both too embarrased by your non-linear thinking to even try to explain.

      1. jonjoker

        It seems to me that he’s just looking for an excuse to escalate the conflict, with a view to joining it if – and that’s a very big if – the Ukranians appear to be winning.

        And Michael Martin is handily “indisposed” in the US just when Biden is uping the ante.
        I wonder if Shannon airport is about to gain a big new contract for services?

        1. Nigel

          It doesn’t seem like that at all. it seems like the opposite of that. He’s ruled out escalation at every turn, not even using it as a threat or a bargaining chip.

      2. K.Cavan

        Surely, Nigel, you’re aware that Obama is actually running the White House, you don’t seriously think Biden is making any decisions?

  4. Janet, dreams of an alternate universe

    America’ s fupped, the dollar is a hot fupped potato, war is their best bet

    1. stephen moran

      t”he dollar is a hot fupped potato” – what a jaded cliched trope – they have been saying that since 1971/72 with the break down of Breton Woods And the US going off the gold standard i.e. for over 50 years and there is zero sign of it happening, zero. Less then 4% of global trade is financed in CNY and that is NOT going to change for years as you CANNOT as a bizz set up a CNY a/c to accept payment. Call up BoI or JP Morgan and try (fact). I spent 18 months setting one up for a quasi sovereign entity when the Chinese CNY was admitted to the SDR basket and it has to be onshore with an approved institution (hence you have no control). Much was made of Saudi the other day flying kites about decoupling, this is bs – the raised rates last week in lockstep with the Fed why – because their currency is pegged to the dollar. The INR is similarly useless in capital markets as is gold in your reserves as Russia is finding out i.e. how do you actually use it ? You can’t sell it as the price will crash and how do you deliver it to pay for anything ?t The $ along with the euro will continue to dominate because they are both they are both freely floating convertible currencies with no capital controls (the CNY fails on both these basis core tenets of any budding reserve currency). It is a sub Zerohedge comments section (which makes this place look Cert U) misinformed delusion to think otherwise

        1. stephen moran

          Gold is a useless asset class for anyone other than the mega rich. Why – because it has no yield i.e. you get paid nothing for holding it – it is not a medium of exchange (you can’t actually spend it) , it is very very expensive to store and insure and despite the ill informed hype it isn’t even much of an inflation hedge

          1. SOQ

            Gold in times of crisis like recessions and depressions, may not make much but it will not lose much either- it is a safe bet.

          2. K.Cavan

            Gold has a yield by increase in value, it’s an excellent hedge, one of the best, although silver is actually just as good if not better. During periods of Inflation, money actually deflates in value, against gold, by holding the gold you avoid the inflation.

        2. stephen moran

          correct- Indian demand for gold (because of their fetish for AU jewelry) is at an all time high – they currently can’t get enough is the garish stuff

      1. K.Cavan

        Ah, stephen, the appeal to history is an obvious Logical Fallacy. The fact that something never happened before has no bearing on whether it will happen at some stage in the future.

        1. stephen moran

          Well I’m afraid I can stay solvent of lot longer than someone awaiting this golden new paradigm can – its never different – history rhymes – if you’d invested in gold at the height of the Eurozone crisis in 2011 you have lost 35% + on your capital by 2016 (before even accounting for storage costs and yield forgone on alternatives investments) – gold is a poxy hedge against anything and its price is driven by completely different dynamics. Of course the ZH crew tells us faithfully fiat money is doomed – yeh right – paper never refused ink

  5. Fergalito

    Has there been a decade when the US hasn’t been at war with someone somewhere either overtly, covertly or both? I say decade, how about five-years instead?

    Call them what you will but “new world orders” are as old as time and have always been the way of things ever since the respective tentacles of our separate civilisations became entangled.

    1. Gavin

      Supposedly America has been at war 93% of the time – 222 Out of 239 Years – Since 1776. But sure lets trust them to bring peace and stability to the world.

      1. Fergalito

        Wow, that’s a lot of years at it though hardly surprising.

        I prefer to deal with what’s in front of me, do things I derive pleasure from and try to get on with living a reasonably enjoyable life. In the grander scheme of things I’m just a mote of dust suspended temporarily on a stream of billions of photons.

        Why should paranoia and the sandbox of geo-political machinations jabber in the creases of my brain? I’ll try and be peaceful and stable in my corner of the world. If and when they come to hang me it will be for a sheep, not a lamb. Until then they are of as much consequence to me as I am to them.

    1. SOQ

      Old Turkish proverb- “When a clown moves into a palace, he doesn’t become a king. The palace becomes a circus.”

      Imagine that being in a secure meeting at any level, let alone being the main character? He couldn’t lead a couple of nuns in a minute of silent prayer let anything else.

    2. stephen moran

      au contraire he’s right – it been coming for years but what he’s alluding to is that this war will hasten the demise of globalization as we’ve known it with resultant on shoring and securing supply chains being of crucial strategic importance – why is China so keen to get their grubby hands on Taiwan ? Apart form all the faux nationalist beats beating it is because they manufacture the majority of the worlds most advanced micro chips – de-globalization is not the Lefts wet dream come true as it will be very very bad new for Emerging Markets IMO

      1. Nigel

        I remember the days when being anti-globalisation meant opposing poor wages and conditions in special economic zone sweat shops where international corporations outsourced labour to cut costs and drive up share revenues and avoid taxes after asset-stripping viable businesses and companies all over Europe and America.

  6. stephen moran

    If the Fed sticks up rates to 3% (having had ZIRP for a decade plus) and stops QE – both of which Powell has basically said then there will be chaos in Emerging Markets. I posted the link below yesterday and as I have said before here we could be in for a Arab Spring 2.0 aka a MENA summer (to coin a phrase). The first time I was in Turkey the euro / TRY exchange rate was 2.25, it is currently 16.30. The cost of servicing and the inability to rollover the $ debt that emerging markets have gorged on over that last few years is going to lead to widespread defaults whilst the social unrest from food price inflation will prompt attempts at regime change – one can only hope its more successful and productive for the populaces than false dawn and gernarlized damp squib that was the Arab Spring with the honourable exception of events in Tunisia where it did bring a genuine change of the guard.
    https://www.ft.com/content/b76d3414-4f11-4e46-9271-9309c06237df

  7. K.Cavan

    There’s clearly a New Order coming but it will not in any way encompass the World. The US, EU, Australia, Canada, New Zealand & Japan will be the only countries forced into this. We will have to listen to idiots declaring men can be women, Africans have a right to live in Europe, demanding rights for gay people that gay people long ago seized for themselves, declaring that there are 152 genders & that a cold can kill you, while the economy collapses.
    It’s time for a Revolution in The West. We can no longer afford billionaires & they refuse to leave us alone. Time for Change, CLEAR THEM OUT!

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