€STR, SOFR, SONIA One Night Last Stands with the enemy. Its the end of Petro Dollar Hegemony not the reserve status Stupid. #GoingDirect #TINA #ExorbitantPrivilege #NorwegianBlue

I. The outbreak of the crisis and its spillover to the entire world reflect the
inherent vulnerabilities and systemic risks in the existing international
monetary system. 3 July 2009


JUNE 30, 2012

I posted this comment in a discussion on Linked In about the so-called Euro Crisis. This is a crisis of democratic oversight. Unfair advantage ceded to private financial interests abusing the right to issue the means of exchange which is relied upon and dependent upon the cooperation of all in society.

It’s about Stakeholder oversight Eduardo and that means democracy and flat organizational structures, communication understanding different points of view needs, and wants, and knowing what the real resources available to achieve collective goals are means stepping away from Special interests or selfish interests and making a judgment as to the common good for all stakeholders whether in Private businesses or Communities. Nutrition Health Education Housing equal opportunities consideration for one’s Neighbor and their Neighbor’s neighbor being allowed to operate on an even playing field Free Market competition is one of the more cruel myths of Crony Capitalism with its state endorse monopolies and oligopolies and its hideously rigged financial system at its heart. What it is about is a stakeholder society if Society has oversight of its organizational structures then ultimately failure rests with each one of us where the present system condemns the vast majority of citizens to certain failure 97% of the money in circulation represents the debt of some other person in society and the whole system requires debt to grow exponentially which sees an accelerating pace of more and more people being excluded and we are all expected to believe that if we work hard and are prudent we will be one of the winners. Sadly the Money system is raping the Prudent and hardworking and the helpless and is lining it’s already bulging pockets this has accelerated since 2007 when institutions supposed to stop it and protect us from these abuses have become more in the debt of the system that they bailed out without asking us all about it and the EU are desperate that we should still not be asked witness Greece, remember the strong-arm attempts on Iceland. What do you think Libya was really about or Iraq for that matter and now Syria and Iran,

what do you think Carbon Taxation and trading are really all about and all the quasi-religious Carbon stuff? I’m a tree hugger myself so I do not represent oil lobbies and definitely deplore deforestation as well. But Carbon Taxing is a great way to re base a broken Banking model with a central purpose of biblical proportions let’s save the planet. ( what about all the other pollution?)

Yes, let’s save the Planet and 99% of humanity with it calls time on the Banks robbing our communities and society of what is rightly it’s own that is its own potential to produce and belief in the credit of and commitment of other members of society to strive for a better life.

Anyway, this isn’t a manifesto but both Governments and Corporations and especially Corporate Government and the corporate rent-seeking state all need dismantling and rebuilding in the image of the people for communities and the society they want to see.
Think Local and let the big grow out of the small for the projects and so forth that require wider cooperation, Globalism is about exploitation not about cooperation and mutual benefit.
Get the stakeholders back in the driving seat I say ( in the driving seat? as I do not believe it has ever been so. The Scandinavian countries have come closest and that goes back to the 1930s the history of Sweden on Wikipedia is very interesting and is worth a read to see how social justice, if enacted as a core requirement of governance? ( the general strike here in the 1930ś got a real commitment as was the disclosure by the banks in the 92 banking system) something to do with Scandinavian straight talking I guess.)) can do great things. It’s another model that could bear looking at.
  The United States of America, and the United States of Europe same story on both sides of the pond.
Goldman Sachs is instrumental in Both.
A debt commission as called for by Tpiris in Greece is a good idea the politicians and Bankers will do anything they can to avoid that. We have a banking commission in the UK called the Vickers Commission it was a predictable whitewash, separating Retail from Investment banking is a distraction from the real problem which is the Debt-based Bank money. Vickers went the extra mile to make sure the usury went unquestioned it must be exposed for what it is, a theft of society’s potential for the benefit of a very few whose interests are completely divorced from any community-based interests.
Full disclosure, independent and broadly based stakeholder representative oversight.
Usury is a destroyer of civic society, this is a truth found in many philosophical and religious writings it is not found in mainstream economic theory, that is telling a lot of things that do not appear in Main Stream Economics its a coalition of Charlatans.

The Global Hydra of Financialised Kleptocracy, what Roy Madron calls a “Monetocracy”, has several discernible heads. Harold Wilson identified the Gnomes of Zurich, There’s the Barbarians at the Gate in Wall Street, The Flashmans of the City of London, And the Bombastic Robber Barons of Frankfurt.
From, Wall Street in the West to Frankfurt in the East a curtain of debt has descended that seeks to trap us, etc, etc. Not much into Rhetoric and Speechifying.

we do not need to be intimidated we need to just withdraw cooperation in any small way we can. Bank with a mutual or credit union, grow some vegetables in your garden or window boxes, utilise local currency schemes where possible start one where it’s not.
Discuss practical schemes for local benefit with friends family and neighbors, social networks, and form local study groups and support networks. All of these things will build team spirit in the team 99%. Start small and remember life is about the journey we are born we die how fulfilling we make the journey between the two is up to us its a hell of a lot more fun making a journey with friends and meeting friends along the way than not sharing experiences and experience we all need to be each others Sensai on the road to
a more fulfilled life, usury is designed to prevent us from enjoying the journey suffering doesn’t ennoble us but freeing ourselves from bondage does. Debt peonage or freedom and a vegetable patch, I know which way I’m headed.

  the circularity of the International Financial FIAT DEBT Money Web is highly interdependent of cross border sleight of hand. The Western FIAT money system has been Pegged to the PetroDollar as the main settlement currency since the early Seventies. ( In that sense all currencies including the Euro since its inception have been “Dollarised”.)

Some people consider that the Euro was threatening this PetroDollar Hegemony by accident if not by design, which would be very bad news for the US as effectively it has allowed The US an extremely large free lunch since the early 70ś, as a FIAT Currency of Last resort in Private control through Private Bank money and remember the Fed is also Private, ( there’s absolutely nothing Federal about it.) The senior partner in the Partnership has been over dipping I’m afraid a pattern we see repeated in the Corporate and Financial worlds as well.

The Euro, the proposed Gold Dinar the Yaun and Rouble, and possibly Yen mutuality agreements all point to the thieves’ alliance being under pressure as the US has taken too much out of the pot as have the Financial systems elsewhere it really is a classic re-run of Aesops Golden Goose. ”Much wants more, and loses all.” Other cultures probably understand money and its function in commerce rather better than we Westerners where since the 1545 act “An Act Against Usury” (37 H.viii 9) of King Henry VIII of England effectively by mystifying money and misrepresenting the nature of banking to the public since then the abusers of the system have brought us all to the brink of this particular Abyss. With successive liberalisation and deregulation, the repeal of the Glass Steegle Act is the most infamous example of recent times. ( In the US)

From Central Bank SDRs and the whole artifice of the international Money System all the way down to licensed deposit-taking, is flawed with the Capital Ratios inherent to a runaway system of money creation we have. Fractional reserve banking when the Derivatives markets are added back in is completely beyond any sensible and sustainable abuse of this inherently abusive system.

Whether the Euro is Dollarised or not does not get away from the fundamental design flaw that is still ruining America just as much as it has ruined Greece ( For Now).

I can’t help but think that centralising more money creation power into the US would in any way be helpful but that seems to be what the US politicians and Bankers are shooting for, An old friend of mine used to joke that the best thing the UK could do Economically would be to Declare War on the USA and Give up, thereby becoming the 51st state. Maybe this is what David Cameron has in mind, not the War Part, he may well have already studied the Sale of Alaska to the US by Russia. In 1867.

Here’s a Wikipedia table of External debt by Country it points to how circular the whole tottering edifice is.


One really good reason that other countries do not wish to be Dollarised is that the US has overdrawn on its own credit in large part to bail out its own Zombie Banks successively again since the ’70s with fewer and fewer wrongdoers being penalised ( from 20078 none at all.) with that great fraud on the American Taxpayer and future generations TARP. That Spain would be considering something similar and that Greece and Ireland were effectively strong-armed into force-feeding the same medicine to its citizens is a great indication that people just won’t wear it. Europe in large part is still less of a police state than America and Europe will not be so easy to marginalise as a whole, as has been achieved in Iraq, Libya, and is now being attempted in Syria, and Iran, and Georgia? There’s a big divide-and-rule strategy in play here and a strong current of opinion pushing for war the last refuge of survival and re-nourishing of the corrupt money system we now suffer under.

And Finally, an interesting exchange of pleasantries with a Banker type Yankee chappy.

Chris Street To Me.

I was the first person to testify in Congress (5-5-09) that continued deficit spending and government bailout guarantees would break the AAA credit rating of the United States.

I was writing that the euro was over in late 2009 because Italy was a “pig too far”. Fractional banking has always been considered a “necessary evil.” Banking crisis is just Schumpeter’s creative destruction on a bigger scale.

The Fed is the 3rd bank of the USA. I believe the great bear market began in March of 2000 and is just about to finish its multi-leg down phase. Capitalism can take a likin and keep pon ticking. Socialism, not so much!

My response to Chris.

“Always considered a necessary Evil? And Schumpters Creative Destruction”?

Maybe even Nietzsche’s Will to Power. Major Douglas, Would Beg to Differ and Many others over the past 250 years. The most accessible analysis of the system available for free download on the Web is by John Tomlinson, His book Honest Money sets out how Fractional Reserve Banking in private hands as the process by which we generate our means of exchange is fatally flawed and mired in conflicts of interest. I would be interested Chris on what your definition of Capitalism is? and from whence it came.

I would be interested Chris in what your definition of Capitalism is. and from whence it came?

Chriss Street • Capitalism is chaos that creates more bread. Socialism is slowly running out of bread.

Roger Lewis • Are you assuming the American Vernacular for Money Chris If you are then, of course, one would agree with you. Capitalism creates a lot more bread than there is actually of the Baked Variety, it does, of course, do this by Cooking the books and like King Alfred, it seems that those good men of Wall Street should be Scolded for Burning the Cakes and proffering Marie Antoinette’s advice Let them eat Cake.

Two Songs I wrote on the subject.

Let Them Eat Cake

9/10  of debt Peons said their wallets preferred it.

JUNE 30, 2012

Whats it all about. My View. #GrubStreetJournal #ConquestofDough #CuratingNarratives


BIS Working Papers No 444 Reforming the international monetary system in the 1970s and 2000s: would an SDR substitution account have worked? by Robert N McCauley and Catherine R Schenk Monetary and Economic Department March 2014

Analysis from APRIL 20, 2017

What does the historical record suggest about the current proposals to reform the international monetary system? 1 Catherine R. Schenk University of Glasgow



“At the end of the Second World War, it was clear that the US dollar would be the dominant international currency in any global economic reconfiguration, and this became the core of the Bretton Woods system. Most rich countries pegged their currencies to the USD, while the US alone valued its currency directly in gold. Nevertheless, there continued to be a role for a secondary international currency to be used as a reserve asset, anchor currency and as a currency of settlement because the supply of USD assets and gold was restricted in the immediate post-war period by US balance of payments surpluses. The system thus assumed that more than one major reserve currency could operate at the same time over a prolonged period. In the 1950s the sterling area (35 countries and colonies pegged to sterling and holding primarily sterling reserves) accounted for half of world trade and sterling accounted for over half of world foreign exchange reserves. In the early post-war years, this share was even higher – the IMF estimated that official sterling reserves, excluding those held by colonies, were four times the value of official USD reserves and that by 1947 sterling accounted for about 87% of global foreign exchange reserves”.

Catherine R. Schenk

“Nowadays, to reduce the USD share of global reserves would require a huge amount
of any new reserve asset: even after recent allocations SDRs now comprise only about
4% of total international reserves. Proposals to supplement rather than replace
existing reserves require the SDR to be as attractive as USD in terms of liquidity,
value and returns, but this poses a huge burden on the USA if they have to finance this
through a liability to the Fund.”

Catherine R. Schenk



Exorbitant privilege endures

Ein Svie Sofr, Sonia , Libor . 610 Trillion Derivatives market ready for a remark to Market moment? Bets on Bets on the Market. #GoingDirect In Munich is the Hofbräuhaus: Duetsche Bank

It’s left it’s right, in or out ” is ” best, leaves the meat of the whole subject unbothered by any serious questioning.

  1. The Military Industrial Complex
  2. The Money Power
  3. The Corporate revolving door
  4. United States Dollar hegemony ( Peanac)
  5. Oceana or Eurasia
  6. Brave New World for the 3%
  7. 1984 for the 97%




― Confucius

        "COMPETITIVENESS": the attractiveness of a venue to
        multinational investors, particularly: laxity of regulation and
        taxation; the degree to which a developed country regresses to
        third-world status.
  "DEMOCRACY": a government with a competitive party electoral
        system, in which multinationals are able to exert effective
        influence -- there is no requirement that the government
        represent the people or support their welfare.

"FREE TRADE": the systematic destabilization of national and
        regional economic arrangements, by means of treaties such as
        GATT and NAFTA, in order to take economic decision making as far
        as possible from any democratic process, and centralize global
        economic control into the hands of the corporate elite.
 "PRIVATIZATION": (1) the theft of citizen assets by corporate
        interests, achieved through discounted sell-offs of
        intentionally under-valued public properties; (2) the creation
        of new investment opportunities by means of dismantling publicly
        owned services.
 "REFORM": the modification or replacement of an existing
        economic or political system, so as to create new corporate
        investment opportunities -- it is not required that the new
        system perform effectively, only that it deliver corporate
 "REFORMS, DEMOCRATIC": (1) same as "market reforms"; (2)
        movement toward NWO's democracy model.

In Quest of National Idea: “Energy Ruble” Bound To Be the Hardest Currency. Victor Efimov newspaper “Chas pik”, May 6, 2004

Meet The Fuggers, Brexit, The Euro and Clueless Elites.


meet the new boss

By process of elimination, it is clear that the dollar will remain the
principal form of international reserves well into the future. It will not
be as dominant as in the past, for the same reasons that the United
States will not be as dominant economically as it once was. In the
short run, the euro will gain market share, especially in and around
Europe. In the longer run, the renminbi’s role will also grow, especially
in Asia. But for as far as one can see clearly into the future, the dollar
will remain first among equals.
The Dollar Dilemma
foreign affairs . September / October 2009 [67







Degrowth, recessions and Mortality. Emissions Austerity and Mortality. The Deflationary Carbon Based “Gold-standard”. [(((Carbon Credits(( “Just,(“” In Time””)”)))]

The New World Order Paradigm Shift. #GrubStreetJournal #HypatiasEyebrowser #ConquestofDough The End of Debt or the End of Democracy?

The End of the petro dollar , the Carbon Currency end Game. Will carbon credits regulate hydro carbon prices and hence developmental options in the developing world?

The Power Elite Analysis “Mother Lode”. Global Governance in the Twenty-First Century. An Overview of the Elite Forces Controlling the World Economy by Michael L. Chadwick

What next for the Money Power? Snakes and Adders. #ConquestofDough #CovidPurpose The Carbon Gold Standard.

What next for the money power Part Two, the Denoument. Dangerous Curves Ahead

Mark to Market, The Liars Lexicon #GFC2 #LiarsLexicon #MarktoMarket #SHitHitsFan


“The very word “secrecy” is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings…Our way of life is under attack. Those who make themselves our enemy are advancing around the globe…no war ever posed a greater threat to our security. If you are awaiting a finding of “clear and present danger,” then I can only say that the danger has never been more clear and its presence has never been more imminent…For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence–on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations. Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed.”

―J ohn F. Kennedy


The Shock Doctrine , Re-establishing our Civic Bearings after the Shock and Awe of the Pandemic #COvidPurpose #CovidStroika.

FREE MARKET CAPITALISM: IT`S THEIR FUTURE, ” I had a brilliant idea for 21st century economics ” A Live Streamed Dialogue on Money, Banking and Political Economy . “TINA” the Village Bike or Temple Whore.

The Matrix and “The Matrix” – two opposites.docx

When describing the interrelations of subjects with the field reality in words, some extrasenses speak
about various ―connections‖ to the person, ―tentacles and feelers‖, which connect and enter the body
through the glowing ―eggshell‖ — the boundary of one’s aura. The ―connectors‖ have a beginning and
end, and, accordingly, all those ―connected‖ in their integrity create a system, a functionally specific
element of which is each one of them.
Such a system in esoteric sciences, occultism, in the ―extrasense‖ slang is called ―egregore‖. Since the
film does not show, where the ends of the material connecting ―feelers-hoses‖ go, then this system is
shown not as a field structure, but as the machine ―Matrix‖ itself, belonging to the material world. As it is
said in the film, all of humanity is a source of energy for the Matrix — i.e. people are batteries. With
respect to egregores, the position of most is analogous: to feed them with their own energy, needed for the
realization of aims of the owners and managers of egregores. Through ―connections‖ each subject gives
the egregores his energy, and through the very same ―connections‖ the egregore and its managers
influence all those ―connected‖, consequent of which most of those ―connected‖ are more or less not in
control of themselves.
That is, the entire sequence of horrifying images in the film — is not fantasy and is not schizophrenic
delusions, but a visualization on the screen of a rather real egregore, which is now controlling the
Western regional civilization.
The exit of any individual from under the power of an egregore he despises, as it is correctly shown in
the ―Matrix‖, begins from identifying the ―connections‖ and subsequently removing them. The process of
disconnection from an egregore may happen in two stages: at the first stage a third party tears the
energetic-informational links between the subject and egregore; at the second stage, when the subject is
artificially isolated from the egregore, he is provided information, the character of which excludes the
possibility of return to the former egregore. At the same time, an informational commonality with the one
providing the information is inevitably established. And if that information is common to a group of
people, then automatically the connection to their egregore occurs. A subject, living in society of those
like him, cannot avoid connecting to an egregore. But the relation of a subject with egregores, generated
by culture, may be different:
● a person may be a captive of an egregore, in the sense that the person’s behaviour is not
determined by his own will, but is a continuation of the egregore algorithmics (this applies to
egregorial leaders — those, whose will dominates the egregore, but only within the limits of
existing egregorial algorithms and informational provisioning, outside the limits of which they
cannot go);
● a person may be a manager of an egregore (a manager of an egregore is not tied by its egregorial
algorithmics and information provisioning), in relation to which its other members may be
● an egregore may be common to a group of people, none of whom is its captive, and exactly this is
the normal state of relations of one’s personal psyche and an egregore.

In Quest of National Idea:
“Energy Ruble” Bound To Be the Hardest Currency

The contemporary crisis of our nationhood is mainly caused by inadequacy of Social Science
to the ontic reality of life, which leads to the lack of statecraft methodology or welfare management.
None of the manuals on Economics puts a question of how a state gets wealthy; they focus on the art
of getting rich within a single corporation, a single bank, or give a piece of advice to individual wealth.
Nevertheless, in real life the corporate effect proves to be achieved at the expense of some damage
done to the state and society.
The country has everything it takes to reach the goals set by the President in his address,
namely, the acceleration of economic growth and the external convertibility of ruble. The country
possesses quite sufficient sources of energy, a surplus resource potential, qualified work force, and
our home demand is stable. However we have never made proper use of our opportunities on account
of some glaring faults of methodological character. The commodity-and-monetary control needs the
accommodation of interests of both financial and industrial sectors, state interests and the interests of
the global financial and commodity markets.

Chrematistics to Carbon Credits. The new Monetary System, The carbon credit “Gold Standard”

Stumbled across this blog which has less views than I would have expected, always a sign of some interesting wrong think.

Globalization is over – what’s next?



And that last image kind of sums up how it has felt getting this post out!

Author: rogerglewis

Real Estate Entrepreneur. http://www.realrld.com/

2 thoughts on “€STR, SOFR, SONIA One Night Last Stands with the enemy. Its the end of Petro Dollar Hegemony not the reserve status Stupid. #GoingDirect #TINA #ExorbitantPrivilege #NorwegianBlue

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