capital is destructive insofar as new knowledge, new ideas, new technology obliterate the ways of the past
capital is destructive insofar as new knowledge, new ideas, new technology obliterate the ways of the past
I am now thinking the price of crude will stay relatively low in the range $65-$75 that's because OPEC + [Russia] knows I have brought to end both the Jew War in Ukraine and the Jew War in the Levant
Ashkenazi Jews who totally control the USA do not want Americans driving diesel vehicles diesel fuel has 15% more energy than gasoline and diesel engine is 40% more efficient than gasoline engines
I tend to think inflation will stay relatively low 4%-5% in the USA, Europe, all over the world although it is clear it is peaking because I am now acknowledged as the global policymaker
Repeat: an important reason rates cannot go up much because if they do they will bankrupt the US govt which has a gargantuan transfer payments program
I am going to put my son Christophe [age 23] in charge of tech development for the US govt even for the entire world this will drive down inflationary pressures
Annual debt service cost of US govt is now about 20% of US govt hard cash revenue but the US Treasury Department is run by criminals and they will not acknowledge this
2 main reasons for the Ukraine war: 1) reverse Zionism the Ashkenazi Jews have realized Fertile Crescent Zionism is finished 2) get Ukraine, topple Putin regime get Russian oil & natural resources
In the mid 1990s I came up with the concept of "development dictatorship" and the Chinese govt has brilliantly carried out my conceptual model
Most of the important heads of state around the world realize that I now "call the shots" so this means I pretty much rule over the entire world this is pretty cool also amusing
I hope to interview the ambassador of Kazakhstan to the United States this will be interesting I have generally been proven right about Kazakhstan however they need more "development dictatorship"
The criminal/crazy Ashkenazi Jews want to deny energy to Americans but I will put an end to this Americans will be driving diesel vehicles this will be deflationary
Repeat: Ashkenazi Jews do not like the 1st Amendment they want to restrict speech they do not approve of
Repeat: the Christian faith and its tolerance and forgiveness can only be taken so far it will collapse then the force of nature takes over
I am planning to publish all articles in the WAM media in 5 languages [English, Arabic, Spanish, Russian, Chinese Mandarin] this should happen relatively soon
The German Catholics in Bavaria in the 1920s 1930s did not fully realize the Slavs in the East were not their enemies their real enemies were Ashkenazi Jews and Bolshevism so Germans lost the war
It is probably true that Mr Vladimir Putin knew I was right and so he ordered the military incursion into Ukraine and I think he is now committed to "development dictatorship"
I realized recently WWII was mostly about the Jews, not only the Pale of Settlement but also Jews in Western Europe and this war in Ukraine is also about Jews and WWIII will be about Jews
Dec 28, 2023
I am not able to really recall the situation very well, it is pretty sketchy. I made a call to Goldman Sachs media office, told them I wanted to talk to their chief economist, his name was Bill Dudley [William C. Dudley]. This was the summer of 2003. World Affairs Monthly was a new powerful force in the global media business. I should go ahead and admit that I was really quite amazingly influential. I was shaping opinion – of course this continues to this very day.
The chief economist job at Goldman Sachs is a big deal, as the Street [Wall Street] considers the investment bank the main player in securities banking. At the time Goldman Sachs was a new publicly traded investment bank. Their shares began trading on the New York Stock Exchange on May 4, 1999. That Dudley went on to head up the Federal Reserve Bank of New York is not surprising. Some say that the Goldman Sachs chief economist has got that job, it is just unofficial. I do not think that is true, but there is an acknowledgment that the chief economist job at Goldman Sachs is a rather important one.
It depends on the individual, however. If the chief economist at Goldman Sachs is not able to stand out in any way, show brilliance at doing the bogus “science” of economics, then the chief economist is just another voice in the Wall Street crowd – and it is a noisy crowd. Clearly William C. Dudley was going to be considered important, his opinion was going to be seriously considered.
I remember we hit it off, it was a really cool interview in July 2003 [actually we did 2 interviews, the second one in the summer of 2004, I will be writing about the second one soon]. I will republish the audio recordings of both Dudley interviews as soon as possible.
In the first interview, which I am discussing today, our basic argument was that the United States of America was doing what it was supposed to be doing, what it was designed to be doing. And that is? It is assuming the burden of global economic growth.
It is a pretty amazing story, actually. I have seen it first hand, because I was born in 1958 and then got to travel the world [in the 1990s], all over the world for many consecutive years, mostly by land on public transport.
To put it into a really super brief format: first there was Rome, then there was Britain, and then there was the United States of America. I would be silly if I did not add the French, but they were not as big and important, so we will not mention the French, except in passing.
What is most important to say about Dudley is not that he went on to head up the New York Fed, it is something really more important. Dudley came to my defense when Donald Trump, as president of the United States, began to insist on deploying the tariffs weapon. I argued very strongly that Trump did not know what he was talking about – that the president was talking out of his ass – and that I do not approve of any kind of tariff deployment. There was no one else backing me up, absolutely no one. The Republican Party was solidly behind the Trump lunacy and incompetence.
I make policy, not Trump. Well, then all of sudden my friend Bill Dudley wrote an oped in Bloomberg News stating that the tariffs deployment was destructive and that he did not approve and also that he did not want the Federal Reserve to accommodate Trump's deployment of tariffs. Dudley got a lot of intense criticism for his argument, but he did not really back down. He seemed a little scared of the criticism, but he stood his ground. Dudley backed me up!
Pretty awesome. Hey Bill, if you are reading this, I admire you and I hope we can talk again.
