Interestingly, this week, a new subscriber quit after one day (and they never tell why). Yes, I didn't post anything that day (July 13-14). I'm mainly working in other (more important) areas of Substack and get more new subscribers from that area, whereas every actual post loses 1-3. If you would like to see what's going on in that area, go to "Likes and Replies"
If you like so-called writers that produce long posts every day or even more frequently, they are easy to find and rest assured these are AI-generated, nobody can research and write that fast. The other clue is the vapid, incoherent replies to a comment. This site remains AI-free.
Here's an example of what you may miss by not following the comments section – Scott Ritter's post "Shoot the Dog" is his address to the SPIEF (Saint Petersburg International Economic Forum) in which he went off-script and mentioned the need to "Shoot the Dog" - you should read this article if you missed it.
This is the top comment on that article from June 10th, with 45 likes as of July 15:
Kissinger's idea of diplomacy was the art of controlling power, that being, of course, the power of others. In a better world, diplomacy should be about improving relationships, about developing trust, in search of cooperating for the betterment of all. That requires truth from all parties; lacking truth there can't be trust or cooperation.
The structural basis for the EU was developed in pre-Nazi Germany and later implemented almost exactly as laid out in those plans. The entire scheme is a throw-back to an earlier time, almost an attempt to build a glorified version of the past. The EU continues to struggle from having a currency union but not a fiscal union, and the use of economic extractivism pulling cheap labour from the periphery. Having deprived themselves of cheap Russian energy, they face economic collapse thus imagine a buildup for war as being their economic savior. This plan fails on many fronts, a primary one is their false belief that Russia is collapsing thus an easy war target. The similar US/Israel assumption about Iran has done what?
As Jeffrey Sachs has written in his recent open letter to Chancellor Merz, the Europeans MUST begin serious dialogue with Russia, beginning with ending their military activities along Russia's borders (that includes Ukraine). They MUST drop their outright hate of Russia - in this condition they think Russia has no right to exist, therefore Russia has no security concerns. Until they can accept this, they are not being truthful to themselves or to Russia; until then, there can be no meaningful diplomacy.
[Jeffrey Sachs' Open Letter to Chancellor Merz, if you wish to review it]
OK, we're going deep here, and this author's work is not AI –
Ryan Perkins has been doing some fantastic work on a clever way that America can break China financially. Remember that Scott Bessent has pulled off these schemes before, for other clients, shorting the British Pound and the Japanese yen, and in 2026, wreaking havoc on Iran with his "economic statecraft," causing a collapse in their currency to start the public protests. Ryan Perkins calls these efforts against China the "Petroyuan Trap." His latest update on July 14 was "Priming the Trap." In this article he reveals "Five signals suggest the financial architecture for a financial attack is being quietly assembled. It's not proof, but it is a pattern."
[my summary of his five points]
Creation of a FIMA RMB Repo facility, enabling financial authorities to pledge high-ranked Chinese bonds as collateral to borrow renminbi directly from People's Bank of China.
Six state-owned banks are allowed to conduct offshore forex transactions within the Shanghai Free Trade Zone, and a cross-border digital yuan payment system bypassing the SWIFT system.
Foreign investors have made record purchases of US equities, perhaps repatriating capital ahead of a known event. Yet, the renminbi has been appreciating. This may indicate the accumulation of RMBs (renminbis) in an accumulation move ahead of shorting the currency.
Alongside this, further calls for appreciating the yuan are developing, with the IMF calling the yuan undervalued by 16%, while German Chancellor Merz is claiming it is 30% undervalued, and invoked the 1985 Plaza Accord which tried to control Japan in the '80s when Japan was trying to replace the dollar system with the Japanese yen, by forced depreciation of the US dollar.
But here's the thing - all these war activities of the US/isra3l Empire over the past two years are about the end game, which is China, as per previous posts The War is Coming and The Fury is about China, not Iran. Of course there is also the side-show in Ukraine, in the hopes that Russia will climb the escalation ladder that Europe is holding out (they won't). Overall, it is an attack on the main body of Asia which contains actual civilizations which refuse to be vassals.
All these on/off war activities, "Schrödinger's" Strait – (Hormus) are carefully articulated under the guise of tRump's scatter-brain demeanor, to extend the economic pressure on China, to the detriment of the entire world. Bessent does not care who becomes collateral damage; the suffering of the American sheeple doesn't even register.
Iran is being used. Every Gulf State is being used.
America can easily be sacrificed if the goal of taking down China succeeds. See my comment(s) on Ryan Perkin's post:
As you mention about Bessent, as per his "economic statecraft" against Iran, the world's hegemonic bully is perpetually devising new schemes to undermine any "adversary" meaning any nation not willing to be a vassal. Even if you had a full treaty ending a kinetic war with the U.S., they would still be hard at it on every conceivable front still in attack mode. No amount of defeat is enough to cause a learning experience with those people, that's just who they are.
Yes, in building an alternative currency, a lender of last resort is advantageous, as is filling the pool before people can swim (dispersed liquidity) and various swap mechanisms. The usual means of filling the pool is by trade deficit or foreign aid at scale. The flip side of that is funds returning by investment - capturing the savings of the world. China could, however, operate on a forward cash basis which doesn't need foreign investment along with the drag on the economy of paying interest on foreign debt.
I would guess that China, being a productive economy while the U.S. is an entitlements economy, could weather this storm. The U.S. can't understand the limits of its power; in fact, they firmly believe there to be no limits to their power. So they go headstrong into another round of war against Iran while being short of munitions. In grabbing for the petroyuan lever, they may be grabbing the wrong end of the stick, which, if the world is lucky, China can use to knock the wobbly legs out of the U.S. financial scheme. That, however, endangers the entire world financial system with all those central banks ending up holding worthless U.S. T-bills.
A mad scheme to break China would mirror the failed "regime change" in Iran - if China is taken out, who could replace that manufacturing? Nobody. If China could knee-cap the U.S. Dollar, there would be a global depression, but in the long run, to everyone's benefit.
The Strait of Hormus was working as an international waterway before the zionist-inspired attack on Iran. There is no way it will be operational before US strategic oil reserves run out, leaving a large diesel shortage ahead of harvest time. This is the plan!
Russia, seeing what's going on, has banned diesel exports. At some point, China may start buying oil again, the Petroyuan Trap backers are hopeful about that, but it isn't essential to their schemes. China, being the world's biggest importer, has more influence over world oil pricing than OPEC. But they have adequate reserves and many other energy sources so can delay purchases a long time. The rest of Asia is in dire straits for energy, but again, Bessent is like "What, me worry?" So watch for these war activities to carry on into Fall, while nations run down foreign reserves to buy highly-priced energy, all part of their plan for springing the trap. The insidiousness of the Empire knows no bounds.
Rabotayte, bratya! (Work, brothers!)
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