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"Fraud can creep into any business. A banker, seeing other people’s gold sitting idle in his vault, might think, “What is the point of taking gold out of the ground from a mine, only to put it back into the ground in a vault?” People are writing checks against it and using his banknotes. But the gold itself seldom moves. A restless banker might conclude that, even though it might be a fraud on depositors (depending on exactly what the bank has promised them), he could easily create lots more banknotes and lend them out, and keep 100% of the interest for himself.
"Left solely to their own devices, some bankers would try that. But most would be careful not to go too far, since the game would end abruptly if any doubt emerged about the bank’s ability to hand over gold on demand. The arrival of central banks eased that fear by introducing a lender of last resort. Because the central bank is always standing by with credit, bankers are free to make promises they know they might not be able to keep on their own."
--Doug Casey
On this most sacred day of the Christian faith, a US president who claims to be a Christian issues a threat to a nation of 94 million people, including over 500,000, Christians—threatening to commit war crimes (pursuant to Geneva Convention) against their civilian infrastructure.
"Behold the puerile, B-movie gangster style of his prose and his use of the word “F..kin’”—now the most overused word in the English language and the clearest expression of our degenerate culture.
"Upon seeing this post, I immediately thought of Madison’s reflections on the evil of war.
"The same malignant aspect . . . may be traced in the inequality of fortunes, and the opportunities of fraud, growing out of a state of war, and in the degeneracy of manners and of morals engendered by both.
"On this Easter Sunday, I pray that the innocent civilians of Iran will be spared from the sadistic and demented wrath of “President DONALD J. TRUMP.”
- John Leake
Here's the post
@realDonaldTrump
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This week, the US President gave an apparently delusional update of the Iran conflict. Iran's military is decimated, and it's President is asking for a cease fire, he reported.
Iran's Foreign Ministry spokesman immediately rejected that. State broadcaster IRIB quoted Esmail Baghaei as saying Trump's statements were false and unfounded.
Trump attributed the request for a ceasefire to Iran's "New Regime President."
On the same day, Iranian President Masoud Pezeshkian criticized the US war against his country in an open letter to the people of the United States on Wednesday, calling it an absurd operation that is costly for their nation.
Within hours of Mr. Trump's analysis of a destroyed Iranian military, Iran fired more missiles at Israel and Gulf Arab states, demonstrating Tehran’s continued ability to attack even as US President Donald Trump claimed the threat from the country was nearly eliminated and predicted the war would end soon.
In Mr. Trump's speech to the nation, Paul...
Today's assymetrical warfare: Iran's cheap munitions are taking out American's most expensive aircraft.
One internet observer:
"Iran, still using their pawns, while Israel and the US out there, with only their King n Queen left. Who will fall first?
"5 pawns and a king versus a king and queen in a chess end game, the side with the 8 pawns always wins. 5 pawns is enough. That’s standard.
"In a way, you could call it asymmetrical warfare."
