Friday, 31 October 2025

POWER AND THE GEOGRAPHICAL PIVOT OF HISTORY

31 October 2025

THE GEOGRAPHICAL PIVOT OF HISTORY

Background

Let's get under the skin of these global power players - such as the neocons - and feel where they are coming from. 

The fundamental number one essential idea that we must understand before everything else is that the battle is about global sovereignty. Sovereignty, power, is primordial because no one wants to have a boss and be told what to do - instead if it is you the global sovereign then it is you that sets the rules for everyone else and if it is not to you then you have to follow someone else's rules at the expense of your own interests. The elite got there because they are - unlike most of us - interested in pure power, control and setting the rules and agenda for others to dance to.

Summary

Over one hundred years ago, Halford Mackinder warned that control of the Eurasian landmass would decide the fate of global power. Today, as land powers rise and maritime empires weaken, his warning feels prophetic. The West still believes it commands the seas — yet it is strategy, not geography, that has changed the game.


1. The Central Idea
• Geopolitics means the study of how geography shapes this power - political power to decide who gets what in the carve up.
• Mackinder’s focus was Eurasia — the vast continent linking Europe and Asia, stretching from the Atlantic to the Pacific and from the Arctic to the Arabian Sea.
• His principle was blunt - who controls Eurasia controls the world. It goes like this:
"Who rules East Europe commands the Heartland;
who rules the Heartland commands the World-Island;
who rules the World-Island commands the world."
• For centuries, this single geographical fact has driven the rivalries that defined power and global history.
2. From Silk Road to Sea Power
• Ancient Eurasia was connected by the Silk Road - decentralised land and sea routes carrying ideas, culture, and goods.
• The Mongols were the last to keep that system open. Its collapse in the 14th century gave way, two centuries later, to a maritime revolution.
• European explorers - Magellan, da Gama, Díaz - linked continents by sea, creating a new power system centred on ports and maritime choke points.
• Maritime trade could be monopolised; land trade could not. And with the Industrial Revolution, European powers gained the technology to dominate both commerce and colonisation. Financial was the third source of British power.

3. Pax Britannica: The First Global Sea Empire
• By the 19th century, Britain had defeated France and Napoleon, establishing Pax Britannica, a century of peace enforced by naval supremacy.
• The Royal Navy’s control of global routes was the backbone of world order, later inherited by the United States.
• Yet during this same period, Russia’s push through Central Asia exposed Britain’s vulnerability: sea power alone could not control the interior of Eurasia.
• The 19th-century Great Game. This was the long duel between Britain and Russia over Central Asia that ended with Afghanistan as a buffer state. But the Trans-Siberian Railway soon gave land power a new reach from Moscow to the Pacific.

4. Mackinder’s Warning
• In 1904, Mackinder presented The Geographical Pivot of History to the Royal Geographical Society.
• His warning: the industrial age and the railway had erased the sea’s monopoly. Land powers could now move armies, goods, and ideas across Eurasia faster than fleets.
• His famous formula: Who rules Eastern Europe commands the Heartland; Who rules the Heartland commands the World-Island; Who rules the World-Island commands the World.
• For the British, and later the Americans, this became strategic gospel.

5. From Empire to Containment
• The United States adopted Mackinder’s logic after 1945.
• National Security documents from 1948 onwards spoke of preventing any single power from dominating the Eurasian landmass.
• America’s answer was to control the maritime periphery ie Europe in the west, Japan and the island chains off China in the east. This is a belt of bases and alliances known as “containment.”
• The logic was simple: keep the Heartland divided: prevent Russia, Germany, or China from uniting.

6. The Eurasian Response
• Russian thinkers such as Savitsky proposed an alternative: cooperation across the continent instead of division from the sea.
• The tragedy of Russia, they said, was pretending to be a Western maritime power. Its natural destiny was continental.
• After the fall of the Soviet Union, Moscow still turned West, hoping for a “Greater Europe.”
• Washington, however, pursued the Wolfowitz Doctrine (1992), declaring that no rival, friend nor foe, should ever rise again in Eurasia. Even allies like Germany or Japan were viewed as potential competitors.

7. America’s Grand Chessboard
• Zbigniew Brzezinski, advisor to several presidents, refined the doctrine in The Grand Chessboard (1997).
• US dominance, he argued, required keeping Eurasian powers divided and dependent on American security.
• Hence the modern alliance blocs: on one side dependent vassals, on the other contained adversaries.
• Russia, weakened, became what Brzezinski called a “geostrategic black hole.” If it resisted, it should be broken into smaller regions.
• Simultaneously, Washington launched its own “Silk Road” projects : pipelines and corridors designed not to unite Eurasia but to sever Central Asia from Russia and China.

8. The Eurasian Turn
• Around 2014, the pattern began to break.
• The coup in Ukraine ended Moscow’s hopes for a shared European order.
• Meanwhile, China lost faith in the US-led global system and launched the Belt and Road Initiative (BRI), a 21st-century Silk Road linking continents by land, sea, and fibre-optic cable.
• Russia, turning east, joined with China in what Mackinder would have called his worst nightmare: two continental giants, side by side, building infrastructure, banks, and trade routes beyond maritime control.

9. Multipolar Eurasia
• The new projects - BRI, the Eurasian Economic Union, the Shanghai Cooperation Organisation, and BRICS - now link much of Asia, West Asia (the Middle East), and parts of Africa.
• The International North-South Transport Corridor connects Russia, Iran, and India. The Northern Sea Route along the Arctic shortens Europe-Asia trade and is outside US naval reach.
• From South Korea to Turkey, nations are aligning around practical cooperation. No one power can impose terms; interests must be harmonised for land powers.
• The logic has shifted from hegemony to multipolarity: shared power, regional balance, pragmatic trade.

10. The Western Dilemma
• The West still clings to the illusion of control.
• Freezing Russian funds, sanctioning Chinese tech, and weaponising finance have only convinced others to seek alternatives.
• The result is self-isolation: the more coercive the system becomes, the faster partners look east.
• What once was an empire of sea routes is becoming "an archipelago of fear".
• Mackinder’s law endures: geography does not care about ideology.

11. A Realist’s Reflection
• I want the West to survive, but survival demands adaptation.
• Our elites cling to narratives that made sense a century ago; today, their arrogance blinds them to a world no longer theirs.
• Multipolarity is not collapse; it’s correction. Yet our refusal to accept it will turn adjustment into breakdown and collapse.
• As Machiavelli warned: Men see things not as they are, but as they wish them to be ... and they are ruined.

12. The Asian Future
• Dostoyevsky wrote: “Russians are as much Asiatic as European... It is time to turn away from ungrateful Europe; our future is in Asia.”
• That line now feels prophetic. The West’s contempt has pushed the centre of gravity eastwards.
• The new Silk Roads - routes, railways, data cables, pipelines - are already remapping the world.
• We are watching the end of five centuries of sea power and the rebirth of the land.

Glossary
• Geopolitics – how geography shapes power and policy.
• Heartland – Mackinder’s core of Eurasia, from Eastern Europe to Siberia.
• World-Island – the joined continents of Eurasia and Africa.
• Multipolarity – distribution of power among several centres.
• Belt and Road Initiative (BRI) – China’s global infrastructure and trade strategy.
• INSTC – International North–South Transport Corridor (Russia-Iran-India).

References
• Halford J. Mackinder, The Geographical Pivot of History (1904).
• Zbigniew Brzezinski, The Grand Chessboard (1997).
• “Defense Planning Guidance” (1992) – Wolfowitz Doctrine.
• US National Security Strategy (1988).
• Official papers on BRI, AIIB, and INSTC (2013–2015).

Thursday, 30 October 2025

WHEN EMPIRES COLLAPSE... WHAT WILL "COLLAPSE" LOOK LIKE

30 October 2025

This is what collapse looks like:

Institutions stop functioning, governments lose authority and break their own as well as international rules
Currencies lose value, savings evaporate, at first there is a rush for the dollar and then it is abandoned, hard assets and necessities keep pace with inflation, trade freezes up
Elites turn on each other, Pinky and Perky become Punch and Judy, from consensus to chaos, while the public can only think "survival"
Infrastructure decays, borders blur, society fragments, the military fractures.

What we have is a dominant centre (the U.S./ West, maritime) that builds globalisation, then overspends and overextends, and now faces rival powers (China, continental) and structural fatigue. 

The next crisis won’t be just economic this time... it will reflect a systemic shift to a multi-nodal global order, a moment where the US empire no longer holds the levers of power it once did.... and has shown no signs of being able to adapt to this kind of Order (they won't listen, they send in the military; where common sense suggests they should negotiate a losing hand).

The signs are with us. The collapse isn’t far, it’s set up already.... we have a sequence but no clear timeline. For sure, it won’t all fail at once, it'll unravel piece by piece, until a normal, stable and surprise-free life becomes a distant memory.... then there will be a recalibration and New Order of some sort.

Here is a five-stage sequence of collapse, with brief examples illustrating each step.


1. Fiscal Overstretch - Living Beyond Means

  • Empires spend more than they earn — on welfare, wars, and vanity projects.
  • Example: Late-stage Rome debased its coinage to fund armies; the U.S. will incur a $2 trillion deficit this year.

2. Market Rebellion - The Bond Revolt

  • Investors lose confidence and demand higher interest to lend. Debt servicing balloons; new borrowing pays off old debt ("debt monetisation" aka a Ponzi scheme).
  • Example: The U.K.’s 2022 gilt crisis forced the Bank of England to step in; Italy in 2011 nearly went insolvent on rising yields.

3. Currency Erosion - Printing and Panic

  • Central banks print to cover deficits. Inflation eats savings, capital flees, gold and hard assets soar.
  • Example: Weimar Germany 1923; more mildly, the post-Covid surge of U.S. money supply that fuelled asset inflation.

4. Social Fracture - The Revolt of the Debtors

  • Prices rise, wages stagnate in real terms, services collapse. Trust in elites erodes; protests and populists fill the streets.
  • Example: France’s gilets jaunes; U.S. polarisation and street unrest; collapsing faith in parliaments (in democracy) across Europe.

5. Institutional Breakdown - From Gridlock to Chaos

  • Governments turn inward, bureaucracy freezes, corruption explodes, freedoms are restricted and the military or regions assert autonomy.
  • Example: Late-Soviet paralysis in the 1980s; Washington gridlock and politicised justice today; failing states in West Asia from Lebanon to Libya; France's five Prime Ministers (5, sic) since 2022.

Summary
Collapse starts slowly in the bond markets, moves through money, and ends in public rebellion. Collapse is when people stop believing the system can fix itself.
That’s how empires die, that's how this Empire will die: first financially, then socially, then spiritually.



Wednesday, 29 October 2025

END-STAGE EMPIRES ARE RUN BY THEIR BANKERS

29 October 2025

Bessent steps in to protect profits of friendly investors.


FINANCIAL RESCUE AS IMPERIAL OVERREACH

The strange case of an American Treasury Secretary covering massive hedge fund losses with public money.

Bessent, Argentina, and the American Taxpayer.


1. Story – The Bailout Nobody Asked For

Scott Bessent, U.S. Treasury Secretary and long-time Wall Street insider, has brokered a US$20 billion rescue swap with Argentina.
Officially, it’s designed to stabilise a struggling emerging-market partner.
In practice, it protects U.S. hedge funds - notably BlackRock, Pimco and Fidelity - from heavy losses on their Argentine bond positions.

Bessent’s history with these hedge funds goes back decades. Many now see this as a bailout for his old financial friends, not a policy in the interests of the American taxpayer, who shoulders the inflationary and fiscal costs.
Argentina’s inflation, at over 250%, and its looming debt repayments make this a highly risky commitment of U.S. backing.
(Buenos Aires Times source)


2. Context – Empire’s Financial Reflex

This episode illustrates a deeper trend in late-stage empire economics:
- The financial and political centres of power have fused
- Wall Street gambles abroad, and when those gambles fail, Washington steps in.

Rather than allowing markets to clear the mess themselves, the imperial centre props up its own capital class, diverting public money away from domestic renewal.
This is not new — it is a recurring pattern in end-of-empire histories.
The centre protects capital flows outward, while the periphery remains indebted and dependent.


3. The Moral Hazard Machine

Such rescues create what economists call moral hazard:
- investors take reckless risks knowing they’ll be saved

- taxpayers face austerity measures (cuts in services) and/ or tax rises, to cover bailouts.

The results are predictable:

Resource diversion - tax and Treasury support flow to global finance, not to Main Street

Accountability collapse - bailouts happen and the press gives out diplomatically worded cover stories (aka propaganda) to keep us on board
Erosion of legitimacy - meanwhile, ordinary citizens are not stupid and know very well when elite speculation has gone wrong.

How is it possible to reform a financial system when the stability depends on shielding the same insiders who caused the instability in the first place? ... reform becomes impossible.


4. End-of-Empire Paradigm

Historically, empires in decline exhibit three common traits:

  1. Finance captures the state - public institutions serve private capital
  2. Financial overreach - production is outsourced to vassal states, but instead of profits being reinvested into (real) resources and further productive capacity, they are put into financial (paper) assets like treasury bonds and stock markets and property 
  3. Legitimacy loss - citizens sense the rules no longer apply equally - asset prices inflate for the rich, while High Street prices inflate for the remaining 95+%.

Bessent’s Argentina deal shows an imperial centre spending its dwindling credibility to protect its own network ie a short-term fix that further deepens long-term fragility.


5. Outlook - When Empires Become Credit Lines

This is what happens when finance replaces industry as the core of power. The global trade reserve status of the dollar gives America and its financial class immense power as we see in this case, but is also the cause of its undoing.
An empire once built on production and innovation now survives by extending credit (printing)  to others and to itself - it monetises its debt ie borrows more and more at the short end and prints money to cover the mounting interest payments and debt rollover repayments.

Such cycles always end the same way:
the financial core overextends, confidence and trust erodes, the bailouts become bigger, the taxpayers angrier, the legitimacy thinner, until the system collapses under its own weight.

What does "collapse" look like?

At each deal like this one, policy-makers push the can a little further down the road, saving the system temporarily... but only for themselves.


References
Buenos Aires Times, “Bessent steps in to protect profits of friendly investors in Argentina” (Oct 2025)
Ray Dalio, Principles for Dealing with the Changing World Order (2021)
Paul Kennedy, The Rise and Fall of the Great Powers (1987)


When Empires Bail Out Their Financiers, short term stability leads to chronic fragility.

Monday, 27 October 2025

HOW THE FOURTH TURNING WILL PAN OUT

27 October 2026

See the post describing Collapse





You really cant make this stuff up. Strategic planning? Bring back Ronald Reagan! And he told the best jokes.

Indeed you cannot make this stuff up and it's the delusional character of Western thinking....but where does this come from?

If you've read Mackinder, you'll see why being the global hegemon is so because you answer to no one unlike everyone else who answers to you and this power means you set the rules for others to follow rules which work to your advantage.

But in this piece we will consider that this single-minded obsession with hegemony, globalisation and free money (from the dollar's reserve status) is delusional because illusory and unsustainable ie unreal and unstable. Reality is real efforts not a financial reality is gold rather than fiat currency. So the idea of investing is to build up real assets rather than paper.

What is going to change over time, is that these hegemonic ideas will come to be seen by most people as delusional and reckless as the real idea is to build up your physical assets because paper financial fiat assets do not last. Consider the following:

- If Russia is a threat, balance of power and security arrangements and cooperation over global issues are the best way to deal with it, not through expansionism
- you cannot just barge into countries and steal the resources 
- people will lend you money if they can be assured that it won't be devalued and it will be repaid in full
- success comes from innovation, production and export - not from borrowing and consumption
- investors will move from speculation back to production and essentials (energy, food, defence)
- diplomacy and cooperation will trump military and conflict
- a successful economy is the start and so Western Europe must join up with Russia for its resources and china for its technology and get market share
- the people are the final arbiters and they want stability protection and prosperity - PEACE - they are not interested in ideology gambling and war
- those who want local and sovereign will triumph over those who want global and authoritarian
- I do think equality will prevail over apartheid, and genocide will send a state to hell (literally to hell, to Armageddon, as genocide is suicide and sends a state and its people to hell).

From what I've read and understood over the last two or three years, this is what I think is going to happen - this prognosis is basically all those debt cycles and End-of-Empire stories retold in a Fourth Turning kind of way.

RAY DALIO ON THE EMPIRE BIG CYCLE

27 October 2025

Ray Dalio – The Big Cycle of Empires

1. Rise through Productivity & Education
A nation invests in education, innovation, and discipline. Productivity rises faster than debt, creating prosperity and competitiveness.


2. Trade Expansion & Global Influence
Exports grow, the currency strengthens, and the country becomes a financial and trading hub. The world trusts its currency and governance.


3. Financialisation & Debt Growth
Wealth shifts from industry to finance. Easy credit fuels asset booms. Debt outpaces productivity. Inequality rises.

NOTE: As production and jobs move offshore to cheaper colonies, profits flow back to the imperial centre as the safest place to store them with the best remuneration this is done by buying US treasures, in this case.
So instead of being reinvested in industry, these profits are parked in financial assets - stocks, bonds, and good property - because the reserve-currency economy is seen as safest and most profitable.
The result is rising debt, inflated asset prices, and a hollowed-out real economy - a switch from a production to a consumption economy where the Metropole lived on debt borrowed from global production economies.... this is obviously unsustainable in the long run: you cannot live forever on debt.


4. Loss of Competitiveness
Labour and production costs climb. Foreign competitors catch up. The empire consumes more than it produces.


5. Internal Conflict & Populism
The wealth gap widens, trust in institutions erodes. Society polarises into rich vs poor, left vs right, insider vs outsider.


6. External Conflict & Overreach
To sustain its dominance, the empire extends militarily or financially. Rival powers challenge it. Wars hot or cold drain resources.


7. Decline & Reset
Excess debt, currency debasement, and social unrest culminate in crisis. Defaults, regime change, or restructuring follow.
The cycle restarts as new, more disciplined powers rise from the periphery.
Source: Ray Dalio, “Principles for Dealing with the Changing World Order”, 2021.

AI generated

Thursday, 23 October 2025

4. GOLD, THE DOLLAR, THESE FOREVER WARS AND GOLD'S FLASH CRASH

23 October 2025

GOLD, THE DOLLAR, AND THESE FOREVER WARS


1. The Dollar Trap

It might seem utterly foolish for Russian companies such as oil giants Rosneft and Lukoil to leave assets in US dollar accounts, given the near-certainty of eventual confiscation.
But what choice did they have? The dollar remains the central clearing currency for global trade, especially in oil, shipping, insurance, and large-scale long-dated commodity contracts. To pull out would assure legal actions, fines...

Even when nations want to diversify, the reality is that the dollar’s network effect is overwhelming. It underpins the international payments system (SWIFT), and most trade finance is still denominated in USD. Cutting oneself off from the dollar is near impossible. 


2. Gold's Flash Crash

Gold fell sharply last Thursday and again on Tuesday (today is Thursday 23 Oct 2025).
Analysts cited “easing trade tensions” between the US and as the US moved to compromise over the export of refined rare Earths from China) and speculation that the Federal Reserve might have to delay further rate cuts - both factors said to have strengthened the dollar, its relative strength.

But when we look at the data, the DXY (Dixie, the Dollar Index) barely moved - roughly from 98.8 to 99.0. This is hardly a “strong dollar rally.”
It raises a fair question: are markets being "over-interpreted" to fit policy-friendly narratives? Ie, are we getting propaganda even in our macroeconomic data? Is the significance of these forever wars being obscured?

The timing of these moves over the last week suggests something else.
Gold’s decline coincided with rumours of progress towards peace in Ukraine: fewer geopolitical shocks tend to depress safe-haven assets.
Then, when Washington sanctioned Rosneft and Lukoil, gold rebounded.
That makes sense: sanctions restrict oil supply, drive up prices, slow global trade, and threaten growth, which create exactly the conditions under which investors hedge with gold.


3. Central Banks Keep Buying

Step back and look at the long-term trend.
Central banks, especially in Asia, the Middle East, and emerging markets, have been accumulating gold steadily for two decades.
They buy as part of a de-dollarisation strategy, exchanging printed local currency for physical metal that can’t be frozen or sanctioned. And now selling out of U.S treasuries or at least not investing in in order to obtain dollars and with these by gold.

According to the World Gold Council (2024), central banks added over 1,000 tonnes to their reserves in just two years — the largest accumulation since records began.
China, India, Turkey, and Poland have been the leading buyers. Remember that since 1971 the US dollar as not been backed by anything other than a promise from the US treasury. 

The logic is simple: monetisation of debt by printing expands the money supply while the supply of physical assets remains constant, causing inflation ie reducing the purchasing power of a fiat currency.

  • Inflation erodes fiat money.
  • Gold protects purchasing power.
  • Plus, in an era of dollar weaponisation, gold is one of the few assets that is truly sovereign.

4. The Investment Gap

Ray Dalio (Bridgewater Associates) and strategists at J.P. Morgan recommend holding 15–25 % of total assets in gold as “wealth insurance.”
Yet institutional portfolios such as pension funds today hold less than 1 % of their assets in gold. Retail investors hold even less.

If institutions were to rebalance towards that 15 % level, it would represent a massive structural demand shock ...a tide of capital that could propel gold prices way beyond their current levels.

Gold is not only a store of value but also a reserve asset for trade ie a settlement medium between central banks.
In other words, it operates as a form of real money, even in a fiat world. "Gold is money, all the rest is credit", said J P Morgan himself back in 1912!


5. The Real Risks

For private investors, the question is not whether gold’s price will fluctuate - it surely will. It’s about sovereign risk (the risk of a state breaking its promise to repay by defaulting on its debt, freezing assets, imposing capital controls, or otherwise preventing investors from getting their money back):

  • Will governments impose capital gains or sales taxes on gold transactions?
  • Could they impose capital controls on moving bullion across borders?
  • Could “anti-hoarding” or “windfall” taxes appear under the pretext of financial stability?

The danger isn’t in gold’s volatility — it’s in the system’s desperation for revenue.
When the debt burden grows too large to service, governments look for assets to confiscate or revalue.


6. The Takeaway

Gold remains the last refuge for those seeking no counterparty risk (the risk a bank, broker, or borrower will fail to meet their obligation) ie seeking a physical asset whose supply is limited and whose value cannot be "conjured" by printing presses.
Gold is in effect an anchor of trust in a world of promises.

As debt-to-GDP ratios soar, and money supply expands at “eye-watering” speed, currently:

U.S. GDP: ≈ $30 trillion

U.S. National Debt: ≈ $38 trillion

Debt-to-GDP ratio: ≈ 124 %.

The logic of holding gold grows clearer - there's no way that dirt is ever going to be repaid in full unless inflation can burn it away ie inflation about interest rates over many years indeed decades... but who would continue to invest in U.S treasuries?) or the system will fracture under its own weight. A structure - political, economic, or social - becomes so large, complex, and unsustainable that it collapses from internal pressure, not from outside attack, ie costs, contradictions or inefficiencies grow faster than the system's ability to manage them - debt, inequality, bureaucracy, or corruption grow faster than productivity and trust, so the system eventually implodes from within.

It breaks down naturally, like an overloaded bridge snapping.

Fiscal Dominance and Overstretch

The state’s debt burden grows faster than the tax base.

Interest payments consume a rising share of govt revenue.

Governments start to monetise the debt (print or issue short-term paper to fund themselves).

Investors lose confidence → rising bond yields → even higher borrowing costs → ... a vicious spiral.

In either case, those holding tangible, finite assets will sleep better!


References:

  • World Gold Council (2024) – Central Bank Gold Reserves Data
  • Ray Dalio, Principles for Dealing with the Changing World Order (2021)
  • J.P. Morgan Private Bank, 2025 Outlook: Real Assets for a Real World
  • YouTube: The Gold Story – Explaining the Numbers

Why Central Banks Keep Buying Gold

(This graphic shows the flows, incentives, and price linkages.)

Monday, 20 October 2025

1. WHAT IS ASEAN

1. WHAT IS ASEAN

Tag these articles: SEATMS


20 October 2025

1. What is ASEAN

ASEAN stands for Association of Southeast Asian Nations.
It was founded in 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand to promote peace, stability, and prosperity in Southeast Asia.
Today it includes 10 member countries, with Timor-Leste preparing to join as the 11th.


2. The Members

Indonesia
Malaysia
Philippines
Singapore
Thailand
Brunei
Vietnam
Laos
Myanmar
Cambodia

(Timor-Leste - observer, expected to become full member soon.)


3. Why It Was Created

ASEAN was born in the Cold War era, when Southeast Asia was unstable and divided.
The founders wanted to prevent regional conflict, boost trade, and create a sense of unity.
It was also a way to keep outside powers - the US, China, and the Soviet Union - from dominating regional affairs.


4. How ASEAN Works

Decisions are made by consensus, meaning every member must agree.
The ASEAN Secretariat is based in Jakarta, Indonesia.
Annual Summits bring together leaders and partners such as China, Japan, the United States, and the European Union.
It operates through three main pillars: Economic, Political-Security, and Socio-Cultural.


5. Main Achievements

ASEAN Free Trade Area (AFTA) reduced tariffs and boosted regional trade.
The ASEAN Community (2015) encouraged closer economic and political integration.
The ASEAN Regional Forum (ARF) provides a platform for security dialogue.
Visa-free travel agreements among several members have encouraged tourism and mobility.


6. Ongoing Challenges

Economic gaps remain wide between richer states (Singapore, Malaysia) and poorer ones (Laos, Myanmar).
Human rights and democracy issues persist, especially in Myanmar.
The consensus model slows decision-making in times of crisis.
The region faces pressure from both China and the United States, each seeking influence.


7. Summary

ASEAN is Southeast Asia’s family of nations – a community built on peace, cooperation, and regional identity.
It has prevented wars and encouraged trade, but its slow, cautious style limits its global impact.


Glossary

Consensus – all members must agree before taking action.
Integration – combining economies or policies to work as one.
Regional forum – a meeting space for countries to discuss shared issues.
Bloc – a group of countries acting together politically or economically.


Saturday, 18 October 2025

TO MAKE AMERICA GREAT AGAIN

18 Ocrober 2025

"What's happening" looks the same for all end-stage empires.
You can tell when an empire is in decline - it forgets, or loses confidence in, its own culture and values.
It forgets what once made it great and instead pursues expansion, hegemony, and imposing its forgotten values on others rather than living them itself.
It’s a shame.

“Make America Great Again” should mean America remembering and living again its values. It's values that are the bedrock of a culture.

When we think of America as she used to be, before the endless wars, the Dulles brothers, the labyrinthine neocon deep state, we think of what The Judge captured in that gaudy opening countdown of his:
freedom to make one’s own future, free from too much state interference. Compare that with China’s idea of community and conformity.

We think of “all men are created equal". How does that square with the Epstein list or tax avoidance for corporates and billionaires?

We think of the frontier spirit: tough people relying on themselves, driving westward in search of better lives for their families. But what does that mean today, to those living in caravan parks or numbed out on fentanyl?

People once ran to America. Now, they run away from it. What’s needed is a spiritual cleansing, a return to the faith that freedom, equality and self-reliance, not domination, are what make a nation great.


Wednesday, 15 October 2025

3. PORTFOLIO STRATEGY THREE GOLD ETFs FOR THE DOLLAR ENDGAME

Portfolio Strategy: Three Gold ETFs for the Dollar Endgame

1. Two-Phase Dollar Cycle
2. Relative Performance (Phase 1) - clean line chart comparing SGLN, AUCP, GDXJ under a “Dollar Crunch” (DXY↑, liquidity↓).
3. Gold Sensitivities (Phase 2) - bar chart showing approximate leverage to gold (SGLN 1×, AUCP 1.5×, GDXJ 2.5–3×).
4. ATR-Based Trailing Stop - simple visual of price vs trailing stop band.
5. Portfolio Allocation - pie or stacked bar showing 40 / 40 / 20 split and respective roles.

Framework and Rationale

This section examines how a gold-weighted portfolio might behave across two distinct phases of the dollar cycle.
Phase 1 represents a dollar liquidity squeeze; Phase 2 represents a loss of confidence in fiat money.
The focus is on three London-listed ETFs: SGLN (iShares Physical Gold), AUCP (L&G Gold Mining), and GDXJ (VanEck Junior Gold Miners UCITS).
Each vehicle captures a different layer of exposure — physical metal, senior producers, and high-beta junior miners.

(Insert – “Two-Phase Dollar Cycle: Dollar Crunch → Dollar Break”)



Phase 1 – Dollar Strength and Liquidity Tightening

In this phase, real yields rise and the dollar index (DXY) strengthens.
Liquidity leaves emerging markets and speculative equities, creating risk aversion.
The key mechanism is forced de-leveraging: investors sell what they can, not necessarily what they should, in order to pay their debts.

SGLN tends to remain resilient.  Gold is sold for cash but simultaneously benefits from safe-haven flows and, in sterling terms, from a weaker pound.  The ETF’s low tracking error and physical backing make it an effective capital-preservation tool.

AUCP declines moderately.  Large producers suffer from falling sentiment and, to a lesser degree, lower short-term bullion prices, but their positive cash flow and dividend yield absorb part of the shock.

GDXJ reacts sharply.  Juniors are sensitive to financing conditions; they often fall two or three times more than gold itself.  A 15–25 per cent correction is typical during risk-off episodes.

Relative performance of SGLN, AUCP and GDXJ during dollar-strength periods

Practical note: investors should treat such drawdowns as accumulation opportunities rather than reasons to exit.
Position sizes can be scaled gradually when RSI falls below 40 and volume contracts, indicating capitulation rather than fundamental weakness.

Phase 2 – Dollar Weakness and Monetary Repricing

This phase begins when markets conclude that the Federal Reserve has lost control of real yields.
Fiscal deficits widen, policy credibility erodes, and inflation expectations re-anchor higher.
The narrative shifts from “tight money” to “unpayable debt.”

SGLN becomes the portfolio’s anchor.  As central-bank demand rises, the ETF’s price tends to advance broadly in line with bullion.  Gains of 50–100 per cent are historically consistent with similar monetary resets.

AUCP benefits from margin expansion: producers’ revenues follow bullion while their costs (energy, labour, reagents) adjust more slowly.  Leverage to the gold price is roughly 1.5×, with dividends maintaining investor confidence.

GDXJ becomes the high-beta sleeve.  Smaller miners experience operational leverage; historical analogues suggest potential 3–5× moves once gold establishes a new base above previous highs.


(Insert – “Estimated sensitivities of SGLN, AUCP and GDXJ to bullion price changes”)



Trade Management and Exit Discipline

The challenge in this environment is not identifying the trend but managing exposure as volatility expands.
ATR (Average True Range) provides a practical way to frame trailing exits without being prematurely stopped out.

1. During consolidation: use the 14-day ATR to estimate expected daily range.  For example, if ATR = 2.5 USD, a normal fluctuation is ±2.5 USD around recent closes.


2. During the breakout: allow a wider tolerance — roughly one ATR below the weekly closing high.  This converts ATR from a defensive stop into a trailing exit that locks in profits while respecting trend volatility.


3. When volatility contracts after a spike: reduce position size or rebalance into SGLN to maintain portfolio stability.



(Insert placeholder: small technical diagram – “ATR-based trailing stop illustrated on GDXJ weekly chart”)



Position Weighting

A practical distribution reflecting both protection and asymmetry could be:

ETF Exposure Type Typical Beta to Gold Suggested Weight Role

SGLN Physical bullion 1.0 40 % Core hedge and liquidity reserve
AUCP Senior producers 1.5 40 % Income and steady participation
GDXJ Junior miners 2.5–3.0 20 % High-beta growth sleeve


(Insert placeholder: infographic – “Sample portfolio allocation across gold tiers”)



Assumptions
Liquidity cycles drive performance differences more than simple bullion moves.

ATR and moving averages are practical, objective tools for risk control.

The long-term value of miners derives from cash flow sensitivity to gold, not short-term sentiment.

Diversifying across the gold-exposure ladder (metal → majors → juniors) allows participation through both deflationary and inflationary phases of the dollar cycle.





Monday, 13 October 2025

1. GOLD, EQUITIES AND THE ENDGAME OF A TRASHED CURRENCY

13 October 2025

Gold, Equities and the Endgame of a Trashed Currency

When money weakens, asset prices soar - at first at least. But the illusion of wealth soon gives way to the reality of devaluation. This is the story of how currencies collapse, why gold endures, and how you, dear readers as investors, might navigate the transition.

Money Printing

It is well explained here, offset 15'

1. The Dollar’s Fragile Supremacy
When a currency weakens, the first thing investors notice is that everything priced in it seems to rise. “Appears to”. Gold, oil, and shares all appear to surge in value. But this is largely an illusion. Their nominal price climbs because the measuring stick - the currency itself - is shrinking. You have to understand that the money in your pocket doesn’t go as far as it used to because there is more of it in circulation - more money chasing the same supply of goods => inflation. Real assets and notably gold are unchanged in value (in usefulness), it’s just that to buy them you need more and more of a collapsing currency. 

So the early phase of a currency decline is seductive. It feels like a boom. Asset prices climb, optimism abounds, and governments convince themselves the problem is under control. In reality, it’s the first act of a slow-moving tragedy.

2. The Flight to Hard Assets
As faith in money falters, investors turn instinctively towards what is real and finite. Gold and silver rise first. Commodities follow. Real estate attracts capital too, because it is tangible and usable. These are the classic havens in times of monetary excess. Property owners can be well pleased. During the last great inflationary decade, from 1971 to 1980, gold outperformed equities by a factor of 10 - ten! This is the essence of the flight to hard assets: the search for value that cannot be printed.

Currency Erosion

3. Equities in Nominal Boom, Real Decline
Equities can appear to thrive in an inflationary world, but the reality is less kind. Companies raise prices to match inflation, but input costs rise even faster. Energy, labour, and debt all become more expensive. But watch out - profits shrink in real terms.The result is an inflationary bull market - one that looks spectacular on paper but quietly erodes purchasing power. The chart goes up, yet the investor “mysteriously” grows poorer.

4. Gold Miners and the Leverage Trap
Gold miners offer extreme leverage to gold’s price movements. When gold rises faster than mining costs, profits soar. But when inflation spreads into fuel, wages, and equipment, the advantage vanishes. Late-stage inflation often squeezes miners hardest - especially the smaller juniors. A big part of costs is energy so if oil dips then junior miners rise .This is why ETFs like VanEck Junior Gold Miners (GDXJ) swing so wildly: they are turbocharged plays on both gold and confidence.

Loss of Control - Dollar Devalues

5. The Loss of Control
Eventually, inflation becomes chaos. Bonds collapse as yields rise uncontrollably. Governments respond with price controls or capital restrictions. Markets lose faith in policy itself.This is the next phase - the loss of control - when gold ceases to be an investment and reverts to what it always was: money. Equities, once buoyed by cheap printed liquidity, deflate both nominally and in real terms. The public, sensing betrayal, retreats from all paper promises.

6. The Dollar’s Paradox
The dollar remains a special case. It is both the world’s problem and its refuge. When crises erupt, capital still runs to it - the “scramble for dollars". Yet this safety is temporary. If confidence in US fiscal discipline breaks, there will be no replacement large enough to absorb the shock.

The Great Reset

The next rotation will be into gold, commodities, and perhaps a few disciplined currencies such as the Swiss franc or Singapore dollar. Analysts are already calling this “the post-dollar rotation”.

7. Recap: The Phases of a Currency’s Decline
(1) First comes monetary expansion, when printing presses hum and markets cheer.
(2) Next, currency erosion, when inflation bites and investors seek shelter.
(3) Then, loss of control, when policy fails and faith collapses.
(4) Finally, the reset, when a new measure of value emerges.

Gold survives every reset because it is not anyone’s liability. Fiat currencies depend on promises ... and promises are the first casualty of panic.

8. Gold and Equities in the Endgame
In the early stages of devaluation, both gold and equities rise together. Later, gold continues upward while equities stagnate. Finally, as trust in paper disintegrates, gold becomes the numeraire ie the yardstick by which all else is measured. This is why serious investors still see gold as the foundation of wealth, a yard stick and they store of wealth, not a mere trade.

9. The Modern Parallel
Today’s conditions are eerily familiar: soaring deficits, massive liquidity, and record asset prices. Real yields wobble. The Fed’s balance sheet is swollen. Debt-to-GDP ratios have entered uncharted territory.It is the same old pattern, only on a global scale. The illusion of wealth persists, but the repricing of reality is already underway.

10. What could derail the trend?
Gold - at October 2025 - looks technically overbought in the short term but remains in a structural uptrend. The last great bull run in the 1970s only ended when two conditions appeared together: belief that the Fed had conquered inflation and real GDP growth running twice its long-term average. Neither condition applies today. If anything, industrial commodities like copper and oil hint at weakness, while the Fed’s recent rate cuts show tolerance for higher inflation. Trade frictions between the US and China reinforce a stagflationary backdrop – historically positive for gold.

11. The 1970s Playbook
Is history a guide? Some people think so.

From 1973 to 1983, gold rose fivefold while the S&P 500 gained just 50%. Four stagflationary episodes saw inflation peaking in 1970, 1974, 1980 and 1982. Gold typically rallied into recessions, dipped 19% after the first rate hike, then recovered within months. Bull runs broke only when GDP soared above 4-5% in post-recession booms – conditions absent today.

When to step in and out of gold?

12. Valuation Upside

1. Buy the dips - use technical measures RSI, ADX, Volume, moving averages, momentum
2. Watch miners' margins - use fundamentals spot - AISC
3. Get out when (more likely "if") gold's refuge value falls - use macro indicators: inflation mastered, growth returns, fiscal crisis over. 

Miners' operating leverage
Gold-mining equities have operating leverage to the gold price. You can see that if you compare the share price of the ETF SGLN with the miners GDXJ and AUCP.  Gold has risen ~30% in the last three months, these senior and junior miners ~60%.

When gold rises faster than miners' input costs, margins explode. Even using a conservative $3,900/oz gold price (spot < futures), gold-mining equities appear undervalued (sic) by around 60%. Shares today imply a $3,000 gold price - this is about 25% below spot - and developers could gain materially more as projects de-risk (ie  gap between costs and price of gold widens further). 

Under one blue-sky scenario of $17,000 gold within five years, valuations of miners could rise over 600%, with multiples expanding as the bull market strengthens.

Example:
All-in sustaining cost (AISC): $1,300–1,600 per oz
Cash cost: $1,000–1,200 per oz
Break-even: $1,400–1,500 per oz

When gold trades above $2,400 per oz, margins can double or triple, explaining the strong performance of ETFs such as GDXJ.

Input Costs
But if AISC begin to rise faster than gold in dollar terms, margins - and share prices - could tumble:

12. Closing Reflection

Gold remains the clearest long-term hedge against monetary excess, fiscal instability and rising geopolitical threats. The short-term pullbacks are buy-the-dip opportunities within a structural uptrend supported by policy, politics and history. The Miners have operating leverage and rise faster ... although beware if miners' costs start to inflate faster than the price of gold in dollar terms.

If a currency can be trashed, it can also be rebuilt. But rebuilding requires trust and this is something that cannot be printed or borrowed. Gold, indifferent to politics and policy, endures through each cycle of human "error". That is its unquestionable and unanswerable strength.

© 2025 Living in the Air - Essay adapted from discussions on global macroeconomics and the future of money.


Glossary

Nominal Price
The face value of a good or asset, expressed in current money terms and not adjusted for inflation. A rise in nominal price may simply reflect a fall in the currency’s purchasing power rather than a true increase in value.

Real Assets
Tangible things that have intrinsic worth because they are useful, such as property, commodities, and infrastructure - as opposed to financial claims or paper instruments. The value of real assets tends to hold up when currencies weaken - hence the illusion that they are going up in price... but no not at all: real assets are holding their value while the currency gets debased meaning you need more of it to buy the same quantity of real asset.

Hard Assets
A subset of real assets that are physically finite and durable: gold, silver, oil, and land. They act as stores of value during monetary instability.

Monetary Excess
A condition where the supply of money expands faster than the growth of goods and services, leading to inflation and speculation.

Bull Market
A sustained period of rising asset prices, often fuelled by optimism, liquidity, or loose monetary policy. Bull markets can exist in both nominal and inflation-adjusted terms.

Purchasing Power
The amount of goods and services that one unit of currency can buy. It declines as prices rise — hence inflation erodes purchasing power.

Price Controls
Government-imposed limits on the prices of goods or services, used to curb inflation. Historically they distort supply and lead to shortages or black markets.

Capital Restrictions
Regulations that limit the movement of money across borders - for example, taxes on foreign exchange or limits on withdrawing funds. Capital restrictions are usually introduced in times of financial crisis to protect a currency.... beware!

Policy (Fed Policy)
The set of actions taken by the US Federal Reserve to influence economic activity on employment and inflation. These are mainly through setting interest rates, controlling the money supply, and managing the size of its balance sheet. Interest rates are very important to a stable economic system, including the government's ability to pay the interest on its debt.

Nominal and Real Terms
“Nominal” refers to figures measured in current prices; “real” means adjusted for inflation. For example, wages may rise 5 % nominally but fall in real terms if inflation is higher.

Paper Promises
A figurative expression for financial assets - shares, bonds, and bank deposits - that depend on the issuer’s solvency and trustworthiness, unlike gold or land which have intrinsic value.

Fiscal Discipline
The ability of a government to control its spending and borrowing. Weak fiscal discipline - large, persistent deficits - undermines confidence in a currency.

Numeraire
An economic term meaning the standard by which value is measured. In stable times the numeraire is the national currency; in crises, gold often resumes that role.

Real Yields
The return on bonds after adjusting for inflation. When real yields fall or turn negative, non-yielding assets like gold become more attractive.

Fed’s Balance Sheet
A record of all assets and liabilities held by the Federal Reserve. It expands when the Fed buys securities or injects liquidity into the banking system - a process known as quantitative easing.

Debt-to-GDP Ratios
A measure of a country’s indebtedness, comparing total government debt to annual national output. High ratios signal that debt growth is outpacing economic growth, raising default and inflation risks.

2. THREE GOLD ETFs WORTH CONSIDERING

13 October 2025



1. Reflections on portfolio construction

2. Trader’s Take section in gold ETFs

See previous article.

1. Balancing Gold with the Real Economy

A sound portfolio doesn’t live on bullion alone. Gold provides the bedrock - protection against monetary folly and market tremors - but lasting wealth also needs exposure to the productive world. Alongside a core weighted towards gold and miners, investors should hold select equities in energy and industrials, the two sectors most closely tied to tangible output and inflation dynamics. This combination anchors the portfolio in real assets while still capturing the pulse of economic growth.

2. ETFs Worth Considering

SGLN – iShares Physical Gold ETC
TER 0.12 % | AUM ≈ £13 billion
SGLN is the simplest sterling-denominated route to hold physical gold. Each share is backed by allocated bullion (?) stored in London vaults, tracking the spot price almost perfectly and remaining unhedged to the US dollar. It’s a low-cost, transparent way to preserve purchasing power or hedge against monetary excess.

AUCP – Legal & General Gold Mining UCITS ETF
TER 0.65 % | AUM ≈ $400 million
AUCP tracks the FTSE Gold Mines Index, providing exposure to leading global gold-mining companies such as Newmont, Barrick and Agnico Eagle. It sits between pure bullion and high-risk junior miners, offering leverage to gold prices without extreme volatility. In strong bull phases, AUCP tends to outperform the metal; in corrections, it retreats faster. Its higher TER reflects the costs of maintaining sector purity and global weighting.

GDXJ – VanEck Junior Gold Miners UCITS ETF
TER 0.55 % | AUM ≈ $4 billion
GDXJ invests in smaller, fast-growing exploration and development miners. It brings higher potential returns - and greater volatility - than large-cap funds like AUCP. When gold rallies, juniors can surge; when sentiment turns, they can fall hard. Best suited to investors who understand the cycle and can ride the swings of this high-beta segment.


Trader’s Take: How to blend the three in one gold strategy

Together, these three funds offer a complete exposure to gold’s ecosystem: SGLN anchors the portfolio in physical metal, the ultimate store of value; AUCP adds torque through major miners leveraged to gold prices; and GDXJ supplies the speculative edge via junior explorers with outsized upside in a bull cycle. In a stagflationary world where real assets regain power over paper promises, a balanced mix of roughly 50% SGLN, 30% AUCP and 20% GDXJ offers both defence and opportunity - the timeless metal, the producers, and the dreamers who dig it out of the ground.



Saturday, 11 October 2025

DO WE WANT OR NEED A DIGITAL ID CARD

11 October 2025

What do they really want?? They want us to have nothing and be happy.
What do we want? Freedom, security and equality.



Of these, freedom for us individualists is the greatest. (In that video, the author mentions China. If it "works" for them, it could be because they put the community first, before the individual, and they seek harmony over freedom.)

Freedom means free to do, think, and live according to my own choices, with minimal interference from the state, big business, or social coercions. It's freedom from interference and it's freedom to develop my maximum according to my possibilities.

It's a qualitative thing, how you feel, but could some quantitative scale be assembled against which the unique ID number identifier proposal could be judged?

The benefits Starmer offers in that video clip are poppycock. The implementation risks are in that video. Where are the costs to us living under this freaky control regime? We in the West no longer live in true democracies, and unfortunately the "technocrats" who govern operate a global governance organisation, they view government as a tool that functions best under competent leadership, irrespective of the democratic quality of the system, except that recent leaders defer to Washington and show little sign of competence - look at this ID card idea ... will it turn out like HS2 or the poll tax or the Covid lockdowns - examples where competent leaders may still make poor decisions if they lack a robust guiding philosophy. Except rhat now we have Starmer.

Contrast this with sadly departed Frank Field, influenced by a fading Christian socialist tradition. Frank Field emphasised the dangers of rationalism (aka technical competence) in politics. He advocated for acknowledging human nature's limitations and promoting "self-interested altruism".

What's left of the benefits of being alive today? To answer this q, just assess how much control we individuals would have left over our lives across political, economic, social, digital, and psychological dimensions.

Monday, 6 October 2025

KEY DATES RECAP OF UKRAINE PROXY WAR

6 October 2025

Russophobia is a good label, but this is a string of eurasian wars going back a long long way. 

The privatisations (Maggie in UK and in Europe there was eg Schroder) of the 1990s and 2000s freed up a lot of capital and some got invested in eastern europe and ukraine - investors want a return on that. 

Then there's been falling rate of profit for the last 40 yrs. To restore profits and productivity means reducing input costs and forever opening new markets.

I'd say this was why we have these forever wars - they are forever revenue streams for the MIC 

Plus, dual use technology (military / commercial - amazon aws, tesla starlink...) created The Magnificent Seven (now plus Palantir)....that's digital capitalism.

It's especially bad for Europe with the failure of sanctions and blowback.

This mismanagement created by our elites led by "the donor class" would be extremely bad for their futures.

The result: in Ukraine, an unwinnable war that the West cannot afford to end for economic reasons - trapped between hubris and collapse. Call it what you like - Russian expansionism or Western post-colonial liberal imperialism.




KEY DATES IN EURASIAN HISTORY AND GEOPOLITICS

  • 434 – 453 Attila the Hun – Huns raid Europe; Rome weakened.
  • 882 – 1240 Kievan Rus’ – Prince Oleg unites Slavic tribes under Viking rule.
  • 988 Conversion to Christianity – aligns Kievan Rus’ with Byzantium.
  • 1054 The Great Schism – split between Catholic Rome and Orthodox Constantinople.
  • 1206 – 1227 Genghis Khan – creates the Mongol Empire, opens Silk Road.
  • 1240 Mongol invasion – Kievan Rus’ collapses; birth of Russia, Ukraine, Belarus.
  • 1853 – 1856 First Crimean War – Britain defends route to India.
  • 1904 & 1920 Halford Mackinder – formulates Heartland Theory of geopolitics.
  • 1917 Communist Revolution – birth of the Soviet Union.
  • 1945 – 1989/91 WWII and Cold War – Soviet control of Central Europe.
  • 1994 Clinton – NATO expansion announced (Brussels & Prague).
  • 2004 Orange Revolution – Yanukovych ousted; pro-West turn.
  • 2007 Putin’s Munich Speech – warns NATO expansion a “serious provocation.”
  • 2008 Bucharest Summit – Ukraine & Georgia promised NATO membership.
  • 2014 Maidan Revolution – Yanukovych deposed; Crimea annexed; Donbas war.
  • 2014 & 2015 Minsk Agreements – ceasefires fail to hold.
  • 2022 – present Russia’s “Special Military Operation” in Ukraine.

KEY ECONOMIC REASONS FOR CONTINUING EURASIAN WAR - WHY THE WEST CANNOT PULL OUT

The West is trapped by its own money, politics, and pride. 

• 1990s - 2000s - Western banks and governments pour capital from privatisations into Eastern Europe, expecting profits from cheap labour and resources - especially Ukraine’s wealth.

• 1980s on  productivity and "profit rate" falling for rhe last 40 years at home, creating economic necessity to reduce input costs, improve efficiencies, open new markets

• 1955 on Forever wars fought not to win, but to sustain the system behind it.

     - 1950 - 53 - Proof of ConceptKorea

     - 1955 - 75 - Pilot: Vietnam

     -  9/11 - Bin Laden accuses U.S. of: occupying the Arabian Peninsula ; supporting crusader entity Israel’s oppression of Palestinians ; killing Muslims through sanctions and bombings

     - 2001 on  - Rollout - Globalisation of the concept : US declares global, borderless War on Terror. Rollout to Afghanistan, Iraq, Syria, Libya, Yemen, Iran, Venezuela? Continuous or "forever wars".

     - 2022 - The wars feed a system of digital capitalism, where defence and tech giants develop latest techno profit from dual-use innovations — drones, satellites, AI, and surveillance....meg7.

• 1990s - 2008, 2009 - 2021 The conflict in Ukraine itself has become a revenue stream for the donor class, not a strategic mission in the interests of the American people.

• 2023 - Sanctions backfired, weakening European economies and further driving up debt, energy costs, and public discontent.

• Now - Ending the war would mean admitting policy failure, exposing elite mismanagement and corruption, destruction of careers, legal pursuit and prison

• The result: an unwinnable war that the West cannot afford to end - trapped between hubris and collapse. Russian expansionism or Western post-colonial liberal imperialism?

I would say you can put it down to fear of the Russian bear or you can go on to highlight American global agapani or you can go further and identify the economic reasons behind this war and why the West cannot pull out.

[End]



Friday, 3 October 2025

FULL ENGLISH BREAKFAST

3 October 2025



This is the Sharia-compliant English Full Halal Breakfast, so please note the plate behind is the original native version. Also noticed: no women - this would be because they are at home taking care of the bairns. And no rice, no veggies.

For the class-conscious of yesteryear (you don't see many greasy spoons these days - we're all middle class now) the trouble was the cafe's in the wrong place - it's in middle class London and you need to go to a lower class neighbourhood to get rhe real full flavour of a Full English Breakfast.

Next time, we will adventure into a more working-class area. Then I can take the photos, including of yesterday's tomato ketchup drying on the table ... that kind of thing. THE REAL DEAL.

An Full English Breakfast can only be equalled by a Full Scottish Breakfast. Unfortunately, I didn't find haggis slice or tattie scone on the menu, and sadly no pickled beetroot on the table. For drinks, there was A. G. Barr's famous Irn Bru, it's true, but I wanted unsugared - you have to say it twice - "no sugar please" strong builder’s tea.

I forgot the sides of square sausage - Lorne it's called. 

Yes, this is cholesterol-heavy comfort foods, soaked up with tea, and cholesterol is back on healthy menus.

Eat in luxury

[End]