Odious debt. In international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion. Whether or not it is possible to discharge debts in this manner is a matter of dispute
Next President in dissolving the Federal Reserve and Lincoln style Feral governance shall in restoring the Articles of Confederation denounce odious debt and free us from bondage.
Seems to me as money continues to be inflated sooner than later, sooner like this year, TPTB will have enough confidence in their planning to make the change to more Odious Debt and leave us holding the bag. Brazil is a key member of the Not New World Order embracing digital currency, like Russia and China. Metal or Paper Bad, Digital Money good.
Brazil's central bank forthcoming digital currency, set to launch next year, will be named DREX, it announced on Monday, aiming to use the currency to boost financial services.
The DREX will use distributed ledger technology (DLT) to settle wholesale interbank transactions, while retail access will be based on tokenized bank deposits.
Officials from the central bank previously predicted that the adoption of the Brazilian digital currency would commence by the end of 2024, following the completion of its testing phase.
I am poorer than a fish after the passing of my wife and with no job interested in my services rely upon Social In-Security. Savings gone in medical care.
And yet for some peculiar reason I am quite alarmed that total control of money is nearly and neatly accomplished by smiling faces.
I am sorry to know of the passing of your wife, Stegial.
It is politics, not economics or finance, really, to decide what entities are forced to take losses when vast losses, probably 80% of "notional value" of assets, must be written-off or written-down. TPTB are covertly getting rid of living humans who will have claims when that time comes.
I do not know what direction politics will take in the US, but I hope for a nationalist, realist and populist direction. We need to build a new, sensible and sustainable economy together, one with a low burn-rate of fuels and mineral resources.
Remember the original Honda-Car in the early 1970s?
India and China are so fundamentally different culturally that the best they can ever do is to peacefully co-exist. That peaceful-coexistence would be fine for most of us, I think.
This declining-resources problem needs to be broadly and openly engaged
Yes I admit now they are fundamentally different politically.
But Historically they are not, they are quite engaged and never have been in a war conflict.
Curry for example which you associate with India comes from China.
It was invented by China to preserve meat.
Kung Fu on the other hand was invented by an Indian Monk coming to China and teaching the Chinese Buddhism and Yoga.
The Journey to the West tells the story of monk Xuanzang's 17-year journey from Tang China to India in the seventh century to secure Buddhist texts for translation.
The novel is an extended account of the legendary pilgrimage of the Tang dynasty Buddhist monk Xuanzang, who traveled to the "Western Regions" ( Central Asia and India) to obtain Buddhist sūtras (sacred texts) and returned after many trials and much suffering.
Both are fundamentally Buddhist countries and Hinduism and Buddhism have the same roots.
Both are very proud countries with a great deal of History and both are very cultured.
Actually the Aryans are essentially Indians...
Such misconception.
Only China was an Empire and India was lots of little Kingdoms the Maharajahs.
Fritz wrote: "Only China was an Empire and India was lots of little Kingdoms the Maharajahs."
This IS the fundamental cultural difference which is completely opposite, and deeper than this surface manifestation. India is tremendously complex and every Indian embodies the complexity, which lends resilience-in-crisis, such as the caste system.
Structure is distributed, and naturally recomposes in crisis and after population losses, or losses of land.
China is regimented and hierarchical, Top-Down, and everybody obeys, until something breaks and the ruler "loses the mandate of heaven".
China can be chaotic for long periods as a result.
The feelings of Chinese in India are of revulsion at the lack of order, but they do not comprehend the embedded order.
Forms of religion may travel abroad. Ambassadors may travel, and business may be done, but these are deep, deep fundamental differences of entire societies, and probably somewhat genetic, when looking at Han Chinese vs Northern Indians.
Southern "Chinese" are different, far more varied, like Cambodians, Vietnamese, Burmese and Laotians, from complex worlds of varied lifestyles.
You might have to travel to India to get a feeling for the frenetic orderly "chaos" of life.
I think I paid $1200 for my Westphalia, then gave it to my sister-in-law, who used it for a few years, and sold it on still working. That was in the early 1990s.
Long ago when I had a car I would find myself driving to Bolinas or Stinson Beach in Marin via Novato where on the outskirts of town was a VW camper lot. I was driving my newish Jetta then finding it quite comfortable nicknaming it Spaceship Jetta. Having no money then too for unremarkable reasons I never stopped in to see.
Funny on the date. I thought these cars hit roughly time of the oil embargo. I probably am remembering some old TV commercial for a Japanese import. My folks were shopping for a car but for some reason opted to keep the VW bug as family car and get a Ford Courier. I got the 1963 Bug that made it from PA. to CA on Highway 50.
"We need to build a new, sensible and sustainable economy together, one with a low burn-rate of fuels and mineral resources."
Each one teach one. You are personally doing so and setting an example. Onwards to the rich future of water cars or air compression motors. I am not sanguine myself after the great Coup of 2020 that freedom once so easily taken away can be taken back politely insisting on law, honest elections and intelligent voters. Lahaina, Maui I would say is the most apt spiritual Symbol for the USA after 2020. We must build back better and this is a personal action against the bulldozer of the Political. Si Se Puede!
Odious debt. In international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion. Whether or not it is possible to discharge debts in this manner is a matter of dispute
Next President in dissolving the Federal Reserve and Lincoln style Feral governance shall in restoring the Articles of Confederation denounce odious debt and free us from bondage.
One of many possible and complex paths...
We shall see.
:-(
Seems to me as money continues to be inflated sooner than later, sooner like this year, TPTB will have enough confidence in their planning to make the change to more Odious Debt and leave us holding the bag. Brazil is a key member of the Not New World Order embracing digital currency, like Russia and China. Metal or Paper Bad, Digital Money good.
Brazil's central bank forthcoming digital currency, set to launch next year, will be named DREX, it announced on Monday, aiming to use the currency to boost financial services.
The DREX will use distributed ledger technology (DLT) to settle wholesale interbank transactions, while retail access will be based on tokenized bank deposits.
Officials from the central bank previously predicted that the adoption of the Brazilian digital currency would commence by the end of 2024, following the completion of its testing phase.
I am poorer than a fish after the passing of my wife and with no job interested in my services rely upon Social In-Security. Savings gone in medical care.
And yet for some peculiar reason I am quite alarmed that total control of money is nearly and neatly accomplished by smiling faces.
https://tldavis.substack.com/p/no-to-economic-slavery
I am sorry to know of the passing of your wife, Stegial.
It is politics, not economics or finance, really, to decide what entities are forced to take losses when vast losses, probably 80% of "notional value" of assets, must be written-off or written-down. TPTB are covertly getting rid of living humans who will have claims when that time comes.
I do not know what direction politics will take in the US, but I hope for a nationalist, realist and populist direction. We need to build a new, sensible and sustainable economy together, one with a low burn-rate of fuels and mineral resources.
Remember the original Honda-Car in the early 1970s?
https://www.motortrend.com/vehicle-genres/collectible-classic-1970-1072-honda-600/
Picking the raisins from the cake....you two are the best of us, thanks for your contributions.
Thank You.
:-)
Lots of goodies.
Ukraine is a massive Black hole.
What they really did was to engage Russia into a war economy and at the same time disarm the EU.
Russia is now stronger than ever.
India China and Russia combined are half of the world by landmass and people.
Peace seems to be the new war.
At the same time they attack us with Government created disasters designed for landgrab.
NZ Hawai and other locations like this are grabbed by the Select like Martha's Viniard.
The rest they destroy.
That's what I see.
Pure Evil
India and China are so fundamentally different culturally that the best they can ever do is to peacefully co-exist. That peaceful-coexistence would be fine for most of us, I think.
This declining-resources problem needs to be broadly and openly engaged
Actually... you are quite wrong about this...
Yes I admit now they are fundamentally different politically.
But Historically they are not, they are quite engaged and never have been in a war conflict.
Curry for example which you associate with India comes from China.
It was invented by China to preserve meat.
Kung Fu on the other hand was invented by an Indian Monk coming to China and teaching the Chinese Buddhism and Yoga.
The Journey to the West tells the story of monk Xuanzang's 17-year journey from Tang China to India in the seventh century to secure Buddhist texts for translation.
The novel is an extended account of the legendary pilgrimage of the Tang dynasty Buddhist monk Xuanzang, who traveled to the "Western Regions" ( Central Asia and India) to obtain Buddhist sūtras (sacred texts) and returned after many trials and much suffering.
Both are fundamentally Buddhist countries and Hinduism and Buddhism have the same roots.
Both are very proud countries with a great deal of History and both are very cultured.
Actually the Aryans are essentially Indians...
Such misconception.
Only China was an Empire and India was lots of little Kingdoms the Maharajahs.
Fritz wrote: "Only China was an Empire and India was lots of little Kingdoms the Maharajahs."
This IS the fundamental cultural difference which is completely opposite, and deeper than this surface manifestation. India is tremendously complex and every Indian embodies the complexity, which lends resilience-in-crisis, such as the caste system.
Structure is distributed, and naturally recomposes in crisis and after population losses, or losses of land.
China is regimented and hierarchical, Top-Down, and everybody obeys, until something breaks and the ruler "loses the mandate of heaven".
China can be chaotic for long periods as a result.
The feelings of Chinese in India are of revulsion at the lack of order, but they do not comprehend the embedded order.
Forms of religion may travel abroad. Ambassadors may travel, and business may be done, but these are deep, deep fundamental differences of entire societies, and probably somewhat genetic, when looking at Han Chinese vs Northern Indians.
Southern "Chinese" are different, far more varied, like Cambodians, Vietnamese, Burmese and Laotians, from complex worlds of varied lifestyles.
You might have to travel to India to get a feeling for the frenetic orderly "chaos" of life.
Yes. Spot on.
But... China has fundamental cultural significant things...
Like Kung Fu for example.
Kung Fu is entirely different to Chinese Bureaucratic Systems such as Confucianism.
China is also known as the land of 1000 languages and tribes.
I agree with the discipline or lack of by the Chinese... Kung Fu again is different because of the relationship with your teacher.
I like both...
I love China because even if they lack discipline they are lovely people.
I love India because the Indian Food.
And we could actually learn a lot from the land where the sun rises.
So you and I are travelers which can appreciate the worlds we visit, not merely judge them from our home world viewpoint.
The Dutch may be the best at that. I'm pretty good for an American. :-)
LoL...
You are great!
Hmmm MI6 vs CIA?
They are one and the same
Pre-Owned VW Eurovans in these states are rather costly. But used Wesatpahalia's ain't much less pricey. https://www.hemmings.com/classifieds/cars-for-sale/volkswagen/westfalia.
1991 Volkswagen Westfalia
PRICE
$88,950
I think I paid $1200 for my Westphalia, then gave it to my sister-in-law, who used it for a few years, and sold it on still working. That was in the early 1990s.
Long ago when I had a car I would find myself driving to Bolinas or Stinson Beach in Marin via Novato where on the outskirts of town was a VW camper lot. I was driving my newish Jetta then finding it quite comfortable nicknaming it Spaceship Jetta. Having no money then too for unremarkable reasons I never stopped in to see.
Funny on the date. I thought these cars hit roughly time of the oil embargo. I probably am remembering some old TV commercial for a Japanese import. My folks were shopping for a car but for some reason opted to keep the VW bug as family car and get a Ford Courier. I got the 1963 Bug that made it from PA. to CA on Highway 50.
"We need to build a new, sensible and sustainable economy together, one with a low burn-rate of fuels and mineral resources."
Each one teach one. You are personally doing so and setting an example. Onwards to the rich future of water cars or air compression motors. I am not sanguine myself after the great Coup of 2020 that freedom once so easily taken away can be taken back politely insisting on law, honest elections and intelligent voters. Lahaina, Maui I would say is the most apt spiritual Symbol for the USA after 2020. We must build back better and this is a personal action against the bulldozer of the Political. Si Se Puede!
Let's just "build back modestly", OK?
:-)
I grew up in VWs, too. Beetles, microbusses and a squareback sedan.
I later had a microbus that I built a stereo and bed into when we had kids.