As a reminder, nothing lasts forever…
The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.
“The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank.
“The solution to this is to replace the national currency with a global currency.”
The writing is on the wall for dollar hegemony. As Russian President Vladimir Putin said almost two months ago during the BRICs summit in Xiamen,
“Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies.”
As Pepe Escobar recently noted, ‘to overcome the excessive domination of the limited number of reserve currencies’ is the politest way of stating what the BRICS have been discussing for years now; how to bypass the US dollar, as well as the petrodollar.
Beijing is ready to step up the game. Soon China will launch a crude oil futures contract priced in yuan. This means that Russia – as well as Iran, the other key node of Eurasia integration – may bypass US sanctions by trading energy in their own currencies, or in yuan. Inbuilt in the move is a true Chinese win-win; the yuan – according to some – will be fully convertible into gold on both the Shanghai and Hong Kong exchanges.
The new triad of oil, yuan and gold is actually a win-win-win. No problem at all if energy providers prefer to be paid in physical gold instead of yuan. The key message is the US dollar being bypassed.
China’s plans for oil futures trading go back more than two decades, with the government introducing a domestic crude contract in 1993 and stopping a year later amid an overhaul of its energy industry. But in 2013, we first hinted at the birth of the petroyuan was looming…
In doing so China is effectively lobbing the first shot across the bow of the Petrodollar system, and more importantly, the key support of the USD in the international arena… setting the scene for the petroyuan.
And now, we are within two months of it becoming a reality as China prepares to roll out a yuan-denominated oil contract within the next two months…
“Approval of the trading rules by the securities regulator marks the clearance of a major hurdle toward launch of the contract,” Li Zhoulei, an analyst with Everbright Futures, said by phone.
“The latest rules raised entry threshold for investors from the draft rules, which shows the government wants to avoid volatility when it first starts trading.”
Which, according to Adam Levinson, of hedge fund manager Graticule Asset Management Asia, will be a “wake up call” for investors who haven’t paid attention to the plans.
A Yuan-denominated oil contract will be a “huge story” in the fourth quarter.
“The contract is a hedging tool for Chinese oil companies. We’re convinced Chinese oil companies will be anchor investors in the Aramco IPO.”
All of which fits with recent comments and actions from Russian and Venezuelan officials…
“Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar,” Maduro said in a multi-hour address to a new legislative “superbody.” He reportedly did not provide details of this new proposal.
Maduro hinted further that the South American country would look to using the yuan instead, among other currencies.
“If they pursue us with the dollar, we’ll use the Russian ruble, the yuan, yen, the Indian rupee, the euro,” Maduro also said.
Additionally, Levison warns Washington that besides serving as a hedging tool for Chinese companies, the contract will aid a broader Chinese government agenda of increasing the use of the yuan in trade settlement… and thus the acceleration of de-dollarization and the rise of the Petro-Yuan.
“I don’t think there’s any doubt we’re going to see use of the renminbi in reserves go up substantially”
Levinson was even more sanguine about China’s growing credit exposure. While Chinese debt-to-GDP continues to rise, we note that Chinese sovereign credit risk has collapsed to 9 year lows…
Which as Levinson notes, “All the issues in China are occurring without fully understanding the asset side of the balance sheet.” He is not concerned about China credit issues in the near-term, defining the near term as the next two years, as “the capacity of the sovereign to deal with an issue, should it occur, is pretty significant and therefore important.”
Which appears to the market’s perspective as China is now the least risky relative to US in four years…
Finally, while he is less concerned about China’s credit, Levinson warns that the lack of volatility as stocks and bonds rally is the “scariest part” of global markets…
“If I am concerned about anything it’s where the level of implied volatility trades,” Levinson said in an interview in Singapore on Tuesday.
“It is extremely low. If there is something to be concerned about in global markets, it’s the endogenous level of where implied volatility is trading.”
Small market declines could escalate quickly, Levinson said.
“You don’t know when an event or an issue is going to present itself,” he said.
“But when it does, the nature of the volatility construct in markets today is such that if you have a modest correction it will turn into a much more severe one in a short period of time, because of the entrenched structural short-selling of volatility.”
Any increase in market turbulence could trigger dramatic selling and the biggest of those events could be a broader adoption of China’s PetroYuan contract… as Levinson says “will be a huge story” in Q4.
zerohedge
Apneaman on Fri, 27th Oct 2017 7:42 pm
Clog, holy Christ. You’re still here? I thought maybe you passed and went to the big Nazi rally in the sky or nurse Ratched finally transferred you over to the dementia ward. Perhaps it’ll happen next week.
“As history confirms, people will change their minds about almost anything, from which god they worship to how they style their hair. But when it comes to existential judgments, human beings in general have an unfalteringly good opinion of themselves and their condition in this world and are steadfastly confident they are not a collection of self-conscious nothings.”
― Thomas Ligotti, The Conspiracy Against the Human Race
Apneaman on Fri, 27th Oct 2017 7:52 pm
clog, how’s your united euro fantasy coming along?
The Many Fault Lines of Europe
“In short, wherever you look in Europe, the signs of impending fragmentation abound.And I have probably missed some in this sad list.”
http://peterturchin.com/cliodynamica/many-fault-lines-europe/
It’ll be like the good ole days of constant waring and making and breaking alliances.
onlooker on Fri, 27th Oct 2017 8:10 pm
Or you can see Rockman’s theory of MADOR. As the most potent countries leech off parastically of the slightly less well off countries ie. Europe. Europe does not have the natural resources of Russia, does not have the military of the US or the economic drive of China and the Asian tigers. Well enough said.
Cloggie on Fri, 27th Oct 2017 11:58 pm
“clog, how’s your united euro fantasy coming along?”
Fine.
None of these secessionists wants to leave the EU.
In fact the Scottish independence movement got a new lease on life after Brexit.
The “trouble” is that the EU backs the existing nations, not the secessionists. Not even the US backs Catalonia.
That is not to say that this stunt could not go terribly wrong.
Remember Grozny?
Cloggie on Sat, 28th Oct 2017 12:21 am
“Clog, holy Christ. You’re still here? I thought maybe you passed and went to the big Nazi rally in the sky or nurse Ratched finally transferred you over to the dementia ward. Perhaps it’ll happen next week.”
Next week indeed. I just landed the best contract in my life, in my own town.
https://www.forbes.com/sites/williampentland/2013/07/09/worlds-15-most-inventive-cities/#18dba8cb4ec5
https://dispatcheseurope.com/hightechxl-demo-day-pt-1-world-changing-innovation-from-europes-silicon-valley/
https://e52.nl/en/why-netherlands-is-the-new-silicon-valley/
Will be posting less after next week.
rockman on Sat, 28th Oct 2017 2:02 am
Cloggie – “For China it is not the same! If there are oil producers willing to accept yuan for their oil, then China no longer needs to worry about acquiring dollars to pay for the oil.” You, and perhaps others, still seem to miss the point. It has nothing to do with China paying in yuan or any other currency. It’s how much yuan, euros or pounds a buyers pays for $10,000,000 worth of Saudi oil. The Saudis set the price in US dollars. If the KSA is willing to take payment in euros, for instance, how many euros will it take? Easy answer: how many euros are equal to $10,000,000.
Folks need to get their f*cking heads on straight. The petrodollar has nothing to do with the denomination of the currency they pay with. The petrodollar means they have to adjust their payment based on the exchange rate of their currency with the US dollar. Which might be a big advantage or disadvantage depending how that exchange rate has been changing. For instance it takes a good many more euros to buy $10,000,000 of Saudi oil today then it did in June 2008 (€1.50 = $1). But fewer euros today (€1.16 = $1) then last December (€1.05 = $1)
Again to be very f*cking clear: the petrodollar has nothing to do with the denomination of the currency the buyer uses. It’s all about the exchange rate of that currency with the US dollar.
Sometimes you head about a country weakening its currency so it can imports to the US cheaper. But what if they are buying OPEC oil priced in US dollars? Potentially not a good move.
Cloggie on Sat, 28th Oct 2017 2:52 am
The Saudis set the price in US dollars.
The markets set the price, but indeed since Nixon, the Saudi’s demand that they will be paid the market price in dollars. And the Saudi’s do that because in return the US guarantees the survival of the “House of Saud” with weapons.
http://i.dailymail.co.uk/i/pix/2017/05/20/20/4095897B00000578-4525766-image-a-75_1495307377680.jpg
Again to be very f*cking clear: the petrodollar has nothing to do with the denomination of the currency the buyer uses. It’s all about the exchange rate of that currency with the US dollar.
It has everything to do with denomination! Why do you think the Nixon government made such a fuss about getting the petro-dollar installed?
https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret
It simply means that you can inject ever more dollars into the world financial system and as such “export your inflation”. Or put it differently, the US could live by the adagium: “you work, we print”. And what a subsidy it was and still is for the US. Some US MSM stated recently that losing the reserve currency status means losing 40% wealth/GDP, meaning putting the US behind Greece or Romania in income per capita terms. The trick is that you can buy goods and services for money that only needs to be printed at no effort worth mentioning.
Cloggie on Sat, 28th Oct 2017 3:49 am
You are aware that I gave up on the humans in 2012 right?
Yes apneaman, I realized around the same time as well that your libtard water carriers like boat and Davy and Supertard would fail to realize Global Zion for you.
Sad.
ROFL
Davy on Sat, 28th Oct 2017 4:59 am
“Cloggie – “For China it is not the same!”
Rock, you can’t talk to an anti-American extremist with economic and financial logic. They only think in binary terms of winning and losing.
Davy on Sat, 28th Oct 2017 5:02 am
clog, you need to reference the words in the article that go with your link otherwise you are just talking out your ass and using a link that is supposed to show you are right. This is intellectually dubious. You are an extremist whose words cannot be trusted. You twist around facts and put words in people’s mouths all in support of your extremism.
Davy on Sat, 28th Oct 2017 5:03 am
“Will be posting less after next week”
I have heard that whining before but it will be a great change here. Now if we could just get rid of mad kat.
Davy on Sat, 28th Oct 2017 5:11 am
“fail to realize Global Zion for you.”
Clog, let’s get something straight MR. “I put words in people’s mouths dumbass”, I don’t like Jews. I don’t like Israel. I am not a racist Jew baiter either. There is more to your Jewish conspiracies. There are always two sides to a story. You are off in the deep end of unreality with your fantasies and revisions. You are so friggen stuck on your stupid Eurotard Dutch self you can’t even relate to others. Everything is a Euro wonderland. All Euro ills are caused by others especially the Americans. The future is bright Euro. You are the worst thing that could happen to someone wanting others to look on Europe favorably. You fit the ugly American flag waiver type perfectly. What a fruit cake old man.
Davy on Sat, 28th Oct 2017 5:20 am
“It simply means that you can inject ever more dollars into the world financial system and as such “export your inflation”. Or put it differently, the US could live by the adagium: “you work, we print”. And what a subsidy it was and still is for the US. Some US MSM stated recently that losing the reserve currency status means losing 40% wealth/GDP, meaning putting the US behind Greece or Romania in income per capita terms. The trick is that you can buy goods and services for money that only needs to be printed at no effort worth mentioning.”
Clog, your Europe is printing money with ultra-low interest rates, what about that? I would like you to give me your link with actual words as reference to your statement saying “losing 40% wealth/GDP. Does your dumbass even know what that means? Do you understand the global world does not do those kind of changes in a vacuum? No, you don’t because you are a binary extremist anti-American agendist. You don’t care about economics you just care about throwing words around that indicate a winning or losing. You are intellectually dishonest and uninformed and a criminal to the truth. I respect you with energy issues but I have no respect for you intellectually otherwise. You are just like mad kat prosytalizing economic extremism and human racism. BTW, I like white people and hang out with white people but I am not going to make white people look like wimps who whine about racism. People who whine racism are losing the battle. Your race should stand on its own feet on their own merit.
Davy on Sat, 28th Oct 2017 5:57 am
“The World’s New Reserve Currency? Everything You Need To Know About PetroYuan”
http://tinyurl.com/yd697c9n
“Why is a yuan-denominated Chinese crude futures contract interesting to think about? Why is it potentially significant? Such a contract would be a tool that would make it possible for crude exporters selling to Chinese refiners to hedge their sales in yuan. This could help any future effort by China to import crude using yuan; on the other side of the coin, it could also help any future effort by various crude exporters to sell crude in a currency other than USD. In the abstract, the potential volumes are large, which is why this is worth thinking about. China is the world’s biggest crude importer, with net imports in January-July 2017 of 8.4 Mb/d (and trending higher); the second biggest crude importer is the US, with net imports of 7.2 Mb/d in January-July 2017 (and trending lower).”
“The bottom line, in our view, is that actual crude trade paid in cash but not using USD has never amounted to more than a few token cargoes. Importantly, when this does happen, the entire transaction and negotiation of the price is done in USD as usual, with pricing done the normal way; for example, both Urals and Dubai, which are key marker crudes in their own right, are priced as differentials to Brent. The only difference when a non-USD currency is used is that a last step is added, where the amount for the invoice is converted from USD into a different currency.”
“The question is really: what is the tipping point? How much non-USD crude trade does there need to be for the entire negotiation to take place in yuan, or rubles, or euros? In other words, what does it take for price discovery and price formation to take place not in USD but in another currency? The short answer is that we don’t know. But something on the order of 7-8 Mb/d of crude trade seems to be a sensitive level from a practical standpoint. How do we come up with this? It’s simple: we are thinking about Saudi Arabia. Saudi crude exports have averaged 7 Mb/d through the first eight months of this year; in 2016, before the current OPEC cuts took effect, they averaged 7.6 Mb/d. The 7-8 Mb/d range works out to 16-19% of the 42.4 Mb/d global traded crude volumes.”
“Our view is that physical efforts to shift global crude trade away from US dollars seem doomed to failure unless the Saudis fully participate. Usually in matters of pricing, the other Middle East exporters follow the lead of the Saudis, so there is a “double whammy” effect and the volumes could start to increase quickly. In this context, the warming relationship between Saudi Arabia and Russia becomes more interesting, too. Could the two countries cooperate on this in the same way they’ve cooperated on cutting production this year, in order to stabilise prices? Perhaps. That would add even more volumes because Russia is the second-biggest crude exporter in the world. According to the BP Statistical Review, Russian crude exports averaged 5.5 Mb/d in 2016. However, the geopolitics of oil quickly gets complicated. Why would the Saudis want to do something (like encourage non-USD crude trade) that would benefit Iran? This is always true, but is even more true now at a time when US-Iran tensions are ramping up and the US is threatening to re-impose oil sanctions on Iran. Also, why would the Saudis want to do something that would diminish the value of their currency, which is pegged to the USD, their huge USD reserves, and other USD-denominated assets?”
“Rather than support from Saudi Arabia or a cooperative effort between Saudi Arabia and Russia, a more realistic and higher-probability scenario would be a move to non-USD crude exports led by Russia on its own or perhaps a cooperative effort between Russia and Iran – with China being the key crude buyer, using yuan, in all the scenarios. Without the inclusion of Saudi Arabia and other Middle East exporters such as the UAE, Kuwait and Iraq, the volumes involved with Russia and Iran would be much less; this would make a fundamental change in oil price formation away from USD slower and more difficult but not impossible.”
Cloggie on Sat, 28th Oct 2017 6:00 am
anti-American extremist…dumbass… stupid Eurotard Dutch… mad kat
Davy believes in to power of insulting and bullying.
To be fair to Davy there is not much left if you have no arguments.
but it will be a great change here. Now if we could just get rid of mad kat.
Davy admits he can’t beat his opponents with arguments, so he wishes them to go. Admission of defeat from his own mouth.
you can’t even relate to others.
Apart from apneaman I can relate to most here. I have decided to dump you after I finally saw through you: a walking billboard for the global US empire, willing to cover up for everything, be it history, 9/11, Syria (“Ps suppresses Muslims too”.lol), denial of J-power… as long as it makes America look good.
I would like you to give me your link with actual words as reference to your statement saying “losing 40% wealth/GDP.
I posted the link twice, but you prefered not to watch my “stupid videos”. Look it up yourself.
Davy on Sat, 28th Oct 2017 6:09 am
“The World’s New Reserve Currency? Everything You Need To Know About PetroYuan”
http://tinyurl.com/yd697c9n
“Part 2: Another step towards currency internationalisation? Why does China want to introduce a yuan-denominated crude oil futures contract? The Chinese government wants the yuan to become an international currency. This means that it wants the yuan to be used widely in international transactions (a settlement currency), to be adopted as a pricing currency for goods and services in global markets (an invoicing currency), and to be considered as a store of value by international investors (an investing currency). The goal of internationalisation also goes hand in hand with the profile objective for the yuan to obtain a reserve currency status since these two are highly correlated. While it is currently unclear (or too early to discern) whether China is aiming for the yuan to become the reserve currency – dethroning the dollar – Chinese policymakers are certainly eyeing the yuan as one of the major reserve currencies.”
“Realising “true” reserve status and supplanting or even meaningfully competing with the USD in the global financial system is a very high hurdle that will take time (maybe 10-20 years) and require further enhancements in various areas.”
“In many ways, China is working in reverse order – pushing internationalisation before the others condition are in place. Critically, policy priorities would need to be reoriented. It will be a challenge for China to meaningfully challenge the USD’s dominance, but it is not insurmountable over the next 10-20 years provided China takes steps in opening up (full capital account convertibility), giving up control of markets and strengthening and improving transparency in its legal, regulatory and policymaking framework.”
“In the meantime, we think the chance of China persistently increasing its FX reserves is also limited unless the weak dollar trend continues and accelerates. The relationship with the US is one factor, and domestically there will likely remain strong demand from Chinese households and corporates for investment diversification if China continues to rely on rapid debt growth and money creation to sustain its economic model (see Anatomy of China’s outflows). As the developments in 2015 and 2016 proved, such capital outflow pressure could outweigh the support from a decent current account surplus for the yuan.”
“Reserves can be divided into two broad categories: precautionary and excess. The precautionary portion needs to be in liquid assets to meet demand for foreign currency/dollars on short notice and mitigate balance of payments stress. Currently, these are mostly held in US government bonds or deposits, followed by European bonds, then UK, Japan, Canada and Australia down the list. China is below these. Gold is liquid but somewhat lower on the scale compared to deposits or government bonds, so there are natural limitations to how much central banks would hold.”
“It could be challenging for the CNY to reach a high weight if global reserves are not rising. In 2002-2008, when central banks were diversifying into euros, global FX reserves were rising sharply and a significant portion of the growth in reserves was due to China. During this period, central banks were buying dollars through intervention (in an attempt to keep their currencies weaker than otherwise) and with some of those newly acquired dollars they decided to diversify their holdings and buy euros. However, in the absence of a strong increase in global FX reserves going forward, it would present a significantly higher hurdle for reserve managers to diversify into the CNY. It would require active diversification out of other currency holdings (i.e. sell existing dollar assets) to acquire the CNY.”
Davy on Sat, 28th Oct 2017 6:12 am
“I posted the link twice, but you prefered not to watch my “stupid videos”. Look it up yourself.”
What’s the matter clog are you afraid to find the actual words to support your wild assertions? LOL You are a fraud
Davy on Sat, 28th Oct 2017 6:15 am
“but it will be a great change here. Now if we could just get rid of mad kat. Davy admits he can’t beat his opponents with arguments, so he wishes them to go. Admission of defeat from his own mouth.”
Sure clogged, anytime extremist who are frauds leave a sit the site calms down and others have a chance to speak. There is balance and respect. As long as you and mad kat are here this site is an extremist magnet. You are a fraud and this is why I hope you leave. Best of luck with your new job and hope you are gone soon. Is that balanced enough clogfraud?
Cloggie on Sat, 28th Oct 2017 6:16 am
https://www.globalfirepower.com/active-reserve-military-manpower.asp
US army only ranks #11.
South + North-Korea together have a standing army more than 10 times the size of the US army.
Vietnam still has 5 times that of the US. No wonder the US lost from North-Vietnam.
Russia has 2.5 times the size of the US army. Good luck with trying to provoke a war in the Baltics or Ukraine.
Davy on Sat, 28th Oct 2017 6:36 am
“South + North-Korea together have a standing army more than 10 times the size of the US army.”
Wow, let’s add another dumbass definition to clogs list. Clogged, do you realize that the size of an army means little? It is the combination of land ,sea, air, and space that matters. It is training and morale that matters. Plus please list active duty personnel in addition because most countries have reserves that are generally poorly trained and cannot be mobilized in time to fight a modern war. Your assertion that Koreas have an army 10 times the US is just a joke and shows just how ridiculous you have become lately much like mad kat. I am wondering if someone copied your avatar or something. This seems below your intellectual abilities so I am going to let you tell us if this the case that occasionally happens when people come on the board and counterfeit avatars making others look bad. This makes you look completely stupid.
Cloggie on Sat, 28th Oct 2017 7:12 am
Wow, let’s add another dumbass definition to clogs list. Clogged, do you realize that the size of an army means little?
Did I deny that, Trailer-Park-Dave? I just list sizes of armies and already you begin to put words in my mouth, reacting again like a wounded animal, which is what you are, because you have great trouble adapting to new realities on this planet.
It is training and morale that matters.
Absolutely. You think that multicult army of yours ranks very high in moral? I doubt it. North-Vietnam had 15 million shabby people and the US was mostly white at the time.
Plus please list active duty personnel in addition because most countries have reserves that are generally poorly trained and cannot be mobilized in time to fight a modern war.
I see that your intellectual powers are receding, since I already listed those. Must be age. Let me help you explain the diagram:
Top-right is total size army: active + reserves. Active is orange, reserves grey.
South and North-Korea both have armies that consists of almost only active service personnel, that is ca. 10 million men.
I’m not saying these figures are correct, if you look at US-friendly Wikipedia links you get different figures. I have no idea who is behind “GlobalFirePower”.
But the idea that parties like China, Russia or even Korea are walk-overs for an “all-mighty” US army are plain wrong. Just look at Afghanistan and Iraq to know better.
makati1 on Sat, 28th Oct 2017 7:40 am
Cloggie, The US military is mostly hired thugs with no patriotism at all. They’re just working for a paycheck since there are few jobs for their age group due to the declining economy.
Most of their weapons systems are antiques or don’t even work. The F35 is a joke. New navy ships cannot even cross the Pacific without breaking down and needing to be towed to port.
Iraq lost. Syria lost. Egypt lost. Libya lost. Fourteen years in Afghanistan and they are still losing, but it is good for the MIC. lol
Davy on Sat, 28th Oct 2017 8:26 am
You might want to check your numbers again or get a new reference for your 10MIL number, dementia man II. Then get back to me when you don’t look like a fool.
Cloggie on Sat, 28th Oct 2017 8:36 am
“You might want to check your numbers again or get a new reference for your 10MIL number, dementia man II. Then get back to me when you don’t look like a fool.”
Are we lazy again, Davy-boy?
I provided military data, now you can try to refute it. But you don’t and instead demand confirmation. My time is too valuable for these kind of games.
makati1 on Sat, 28th Oct 2017 8:53 am
South Korea’s military: ~5.830,000 (2017)
North Korea’s military: ~5,889,000 (2016)
US military: ~2,363,000 (2017)
https://www.globalfirepower.com/country-military-strength-detail.asp?country_id=South-Korea
https://en.wikipedia.org/wiki/Korean_People%27s_Army
https://www.globalfirepower.com/country-military-strength-detail.asp?country_id=United-States-of-America
Cloggie on Sat, 28th Oct 2017 9:26 am
http://www.express.co.uk/news/world/840505/North-Korea-army-size-how-big-Kim-Jong-un-war-US
“How big is North Korea’s army? 3.5 million volunteer to fight for Kim Jong-un”
“Another 25 to 30 per cent are expected to be on stand-by or serve in paramilitary units ready for deployment. That is another 7.5 million troops under Kim Jong-un’s command.”
NK is poorly armed, but if the US would really invade, expect China to arm NK with the best arms available and use NK as a proxy against the US.
There is only way out: US and China agreement on a unified, denuclearized Korea and the US witdrawing from Korea.
That will work.
Davy on Sat, 28th Oct 2017 9:27 am
https://en.m.wikipedia.org/wiki/Republic_of_Korea_Armed_Forces
Pretty easy to use common sense to know South Korea does not have 5.8Mil active duty military personnel. This is an example why clogged and mad kat have zero military knowledge. It is all about a bigger number or a messages meaning. Both are frauds.
Davy on Sat, 28th Oct 2017 9:29 am
Army of dementia land, do I need to google NK too or was that bitch slap enough?
Davy on Sat, 28th Oct 2017 9:31 am
Clogged mind. Give it up. You and mad kat look stupid. Stick to energy and you will not look like a fool
Apneaman on Sat, 28th Oct 2017 9:44 am
clog I’m glad you can’t “relate” to me. I wonder if you could relate to my steel toed work boot in your teeth you slimy little faggot Nazi? You’re a Nazi clog. Nazi’s are the enemy of my country. Many men died to end the Nazi scum. Any one sporting their symbols or pushing their ideals are guilty of treason and pissing on the graves of those who died ending their barbaric rule. Treason is punishable by death or imprisonment. Any scum with Nazi flags or tattoos is guilty. Any scum like you pimping their ideals is guilty. Climate deniers are also guilty of treason leading to great harm. In America there are some who wave the flag of more than 1 enemy – Nazi flag + confederate flag. The confederate states are the enemy of the United States of America and you can not serve two masters. True American patriots would not stand for it and would shun traitor Nazi’s, confederates and deniers. I’ve heard racists say there will come a day when you will have to choose (race war). Perhaps, but I think it’s much more likely that there will come a day when Y’all will have to choose – your country or Nazis or the Confederacy. I’ve noticed how y’all want it both ways – all the goodies and benefits and “rights” while spewing out the enemy’s bullshit and symbolism. I laugh at you dumb fucks incriminating yourselves on the internet with your words and pictures. Yes, there may come a day.
Cloggie on Sat, 28th Oct 2017 9:45 am
Davy had no clue about the sizes of the Korean armies, but decided to look it up in Wikipedia and found what he was looking. Not only does he clare himself an expert and his many opponents a “fraud” but also assumes that wikipedia is right and his opponents wrong. Because that would make davy look good.
The reality is that both NK and SK have conscription armies, which means that most males enjoyed a military education and practice regularly. This means that the real reserves of both countries are in the many millions.
SK 51m
NK 25m
Cloggie on Sat, 28th Oct 2017 9:56 am
The TalmudTurd comes to rescue of his watercarrier davy, the Euro-trash traitor.
“wonder if you could relate to my steel toed work boot in your teeth you slimy little faggot Nazi?”
That is easy to play the brave guy from a safe distance, you stinking kike, a goot smaller than me.
You did notice TalmudTurk, that davy admitted today that he doesn’t like jews, which includes you. Appently daver-boy does a have a vague grasp that it were kikes like you who destroyed America by promoting mass immigration. We in Europe only have to wait until your tribe finishes off white America until the level of despair is so great that they will be ready for drastic change, read the breakup of the country.
Until that moment arrives we in Europe will continue to enjoy our golden decade, build offshore windparks and will setup Macron’s EU army so we have eventually the tool to help European America to escape from your tribes deadly grip.
We will see whose boot will end up in which ugly mouth.
You are toast.
Cloggie on Sat, 28th Oct 2017 10:06 am
How apneaman’s tribe destroyed America:
http://www.kevinmacdonald.net/immigration.pdf
Perp: JFK killer (((LBJ)))
http://www.zerohedge.com/news/2017-10-27/jfk-release-findings-second-shooter-uk-tipoff-cia-media-infiltration-and-lbj-fingere
And this is what apneaman’s tribe intends to do to white America:
https://documents1940.wordpress.com/2017/09/27/paul-krugman-white-americans-are-losing-their-country/
Cloggie on Sat, 28th Oct 2017 10:07 am
Take your pick Davy boy.lol
MASTERMIND on Sat, 28th Oct 2017 10:59 am
Madkat1:
China’s debt is unsuitable. India wouldn’t even join their garbage road because of it. Its a pipe dream…sorry Madkat denial stops here…
Apneaman on Sat, 28th Oct 2017 12:34 pm
clog I don’t read conspiracy or pseudo science and pseudo history sites which is why I don’t click on your links. I also see no point in reading endless he said, she said, soap opera political gabfests. It’s just social monkey chatter and the celebrity gossip is no different than the sports gossip which is no different than the politicians gossip. It’s a formula the media uses and obviously most humans can’t see it or don’t care, or more likely can’t help themselves since they evolved to be gossip monkeys.
Why You Were Born to Gossip
According to one theory, everything we say takes the form of gossip.
https://www.psychologytoday.com/blog/talking-apes/201502/why-you-were-born-gossip
Psst! The Human Brain Is Wired For Gossip
http://www.npr.org/2011/05/20/136465083/psst-the-human-brain-is-wired-for-gossip
Keep it up little chatter monkey
Cloggie on Sat, 28th Oct 2017 12:53 pm
That’s a wise thing to do, TalmudTurk. Never engage in discussions you will lose anyway. That’s the strategy of your Davy pupil as well.
DerHundistlos on Sat, 28th Oct 2017 3:03 pm
@ makati1
Like you, I also served for six years in the US Army and your description of the average military “volunteer” is spot on. The US military must resort to bribes to encourage enlistment. The vast majority are persons without a future in the private sector. Service in the US military means nothing more than a paycheck.
You will recall Georgia’s sneak attack on South Ossetia when Georgian troops, outfitted with billions of dollars of the latest US weapons and US advisors, were certain of victory as told by Washington. Instead the Georgian military was resoundingly routed by Ossetian militiamen and the Russian military in one of the great military debacles of all time. In the rush to run from the battlefield, Russian soldiers found discarded US uniforms, many weapons, and cell phones of US advisors. The video displayed the training that took place…….US advisors showing their Georgian trainees how to shuck and jive. Speaks volumes.
Cloggie on Sat, 28th Oct 2017 4:10 pm
Hey apneaman, I can’t believe my eyes, here is yet another (((media type))) unmasked for being a sexual predator.
I thought you were all moral types, I can’t tell how shocked I am.lol It is a bit a “character” issue, eh? The sort of sadistic folks who erects Gulags, or who torture people into holo-confessions or kills US-presidents or telecrashes planes into high-rise buildings or imports tens of millions of people with the intention to use them as weapons against the European Americans.
http://money.cnn.com/2017/10/25/media/mark-halperin-sexual-harassment-allegations/index.html
https://www.infowars.com/watch-kellyanne-avoids-hug-with-mark-halperin/
Davy on Sat, 28th Oct 2017 6:20 pm
“Like you, I also served for six years in the US Army and your description of the average military “volunteer” is spot on. The US military must resort to bribes to encourage enlistment. The vast majority are persons without a future in the private sector. Service in the US military means nothing more than a paycheck.”
Derdumbass, that was 50 years ago or so which means you don’t know squat about today’s military. You and mad kat are anti-American frauds always looking for something to whine about.
GregT on Sat, 28th Oct 2017 6:44 pm
“You and mad kat are anti-American frauds”
Says the guy who never served “his country”, to two patriotic Americans who did.
It just doesn’t get any more delusional.
makati1 on Sat, 28th Oct 2017 6:50 pm
Davy, that US thug army is now. 50 years ago it was a draft army. “U.S. military draft ends, Jan. 27, 1973”. Are you history challenged or just stupid?
Davy on Sat, 28th Oct 2017 7:24 pm
“Says the guy who never served “his country”, to two patriotic Americans who did.”
How do you know I didn’t? Why not google the board where I explained my military service. That will give your dumbass something to do.
Davy on Sat, 28th Oct 2017 7:26 pm
mad kat, you don’t know shit about today’s army or military issue in general. Today you quoted that the Two Koreas had 10MIL men under arms what a complete dumbass
MASTERMIND on Sat, 28th Oct 2017 8:09 pm
Davy just stop arguing with Madkat his a retard. who believes fake news… No matter what argument you make he will be able to find some fake news that confirms to what he WANTS to believe..
Cloggie on Sun, 29th Oct 2017 4:39 am
mad kat, you don’t know shit about today’s army or military issue in general. Today you quoted that the Two Koreas had 10MIL men under arms what a complete dumbass
It was me who posted that “GlobalFirePower” link first and after searching a little, I noticed that everybody is quoting this source but nobody knows who is behind it. So 2 x 5 million is probably an exaggeration. But not much:
South-Korea:
https://en.wikipedia.org/wiki/Republic_of_Korea_Armed_Forces
the Republic of Korea Armed Forces is one of the largest standing armed forces in the world with a reported personnel strength of 3,725,000 in 2016 (625,000 active and 3,100,000 reserve)… It is recognized as one of the world and Asia’s most professional militaries.
Until April 2011, soldiers of the SK army needed to be “racial pure”. SK and the rest of Asia doesn’t believe in “melting pots” other than those applied in the steel industry. In the US army in contrast at the height of the war you can expect discussion in the US army about Jefferson and his slaves or whether white lives matter or not.
Conscription lasts long: 21 months or longer…
https://en.wikipedia.org/wiki/Conscription_in_South_Korea
Koreans are very nationalist and deeply despise draft-dodgers.
North-Korea:
https://en.wikipedia.org/wiki/Korean_People%27s_Army
As of 2016, with 5,889,000 paramilitary personnel, it is the largest paramilitary organization on Earth. This number represents 25% of the North Korean population.
Available for military service:
6,515,279 males, age 15-29 (2010),
6,418,693 females, age 15-29 (2010)
Fit for military service:
4,836,567 males, age 15-29 (2010)
5,230,137 females, age 15-29 (2010)
So these 10 millions were not very far of the mark after all. NK is other than nukes poorly armed, but if the country gets embroiled in a war with the US involved, expect China and Russia to quickly arm NK with the best weapons.
There is not a jota of a chance that the US can overrun NK militarily.
The only way out of this situation is a diplomatic agreement between the US and China about Korean reunification as a capitalist country (just like China and the US), denuclearized (like Ukraine) and US troops going home. The Chinese would probably agree with that, but the US probably not.
Davy on Sun, 29th Oct 2017 5:07 am
“So 2 x 5 million is probably an exaggeration. But not much:”
If you knew anything about military matters then you would have instantly know these numbers to be fictitious and by a long shot.
“the Republic of Korea Armed Forces is one of the largest standing armed forces in the world with a reported personnel strength of 3,725,000 in 2016 (625,000 active and 3,100,000 reserve)… It is recognized as one of the world and Asia’s most professional militaries.”
Clogged, active duty ready to fight and not understrength with paper numbers and equipment. SK has a good Army but don’t overdo it. The race thing is not even relevant dumbass and your understanding of armies and abilities is zero.
“North Korea’s active-duty military consists of 1.2 million people with another 600,000 in the reserves, the Congressional Research Service reported last year.”
Clogged, again you don’t get it. Having huge amounts of men with little equipment and logistics is just a paper dragon. This is the kind of shit you fall for. You have zero military understanding. For the clogged it is all a anti-American race thing with big numbers win. Check out the GDP of NK and tell me how effective their conventional forces are going to be other than to destroy northern South Korea in one big fireworks finale. Why do you think fat boy wants NUK’s because the top NK brass knows their fake army can be surgically eliminated without them albeit at the cost of northern SK.
“So these 10 millions were not very far of the mark after all.”
No,lol, not in the clogged mad kat dementia world. These numbers sound glorious and represent the end of the American empire. Funny to see you and mad kat when you have to back off your exaggerations. You can only do it a little because you guys can’t stand losing.
“There is not a jota of a chance that the US can overrun NK militarily.”
No shit Sherlock and where is it said the US want to overrun NK in a nuevo Korean 50’s style war. What a fruit cake anti-American. There are 25,000 American troops there clogged. Go check the statistics of what it took to overrun Iraq and get back to me. BTW, you don’t understand that war either.
“The only way out of this situation is a diplomatic agreement between the US and China about Korean reunification as a capitalist country (just like China and the US), denuclearized (like Ukraine) and US troops going home. The Chinese would probably agree with that, but the US probably not.”
No shit China would agree to that. The US is not going to cut in run. If that situation develops it will be a regional agreement along with Japan and SK. This is not just a Sino American deal. I am all for reducing America military footprint everywhere but in a logical downsizing in a world that is also downsizing. Otherwise this is just about the rest of the world militarizing on the backs of a declining US. This is just trading one bad situation for another. The world needs to downsize together and the US having such a big foot print doing the most downsizing.
Cloggie on Sun, 29th Oct 2017 5:21 am
The US is not going to cut in run. If that situation develops it will be a regional agreement along with Japan and SK. This is not just a Sino American deal. I am all for reducing America military footprint everywhere but in a logical downsizing in a world that is also downsizing. Otherwise this is just about the rest of the world militarizing on the backs of a declining US. This is just trading one bad situation for another. The world needs to downsize together and the US having such a big foot print doing the most downsizing.
Translation: Davy wants his financially untenable world-wide empire to continue to exist. The US is the only one with a such an empire. From the top of my head: Russia has a naval base in Tarsus-Syria and China a brand new naval base in Djibouti and that is it. Down-sizing together?
No shit Sherlock and where is it said the US want to overrun NK in a nuevo Korean 50’s style war.
Trump threatened NK with “annihilation”. And nobody is talking about a “Korean 50’s style war”, only you.
Check out the GDP of NK and tell me how effective their conventional forces are going to be other than to destroy northern South Korea in one big fireworks finale.
Can you say China, Russia?
Why don’t you check out the GDP of former North-Vietnam? Korean morale (fighting for their country) will be far higher than US morale (fighting for a modest pay-check).
Davy on Sun, 29th Oct 2017 6:17 am
“Translation: Davy wants his financially untenable world-wide empire to continue to exist. The US is the only one with a such an empire. From the top of my head: Russia has a naval base in Tarsus-Syria and China a brand new naval base in Djibouti and that is it. Down-sizing together?”
When clogged says “translation” he means putting words in people’s mouths. Where did I say financially untenable world-wide empire to continue to exist? I said the US foot print needs to decline in a rational way along with the rest of the financially untenable world. From the top of my head all major powers except pansy Euroland is militarizing. I guess you just have anti-American colored glasses and the addictive passion for a grand Euro army in global domination. You know like it used to be in the good old days when Europe controlled the world.
“Trump threatened NK with “annihilation”. And nobody is talking about a “Korean 50’s style war”, only you.”
Stupid, look up what overrun means and tell me if that means armies rolling over a nation then get back to me. Using trump rhetoric in a rhetoric charged conflict is again being an intellectual bum. The US can annihilate NK with nuke weapons and if NK uses nuke weapons that is what will happen. Get a grip clogged that is how war works.
“Can you say China, Russia?”
Explain yourself dementia man.
“Why don’t you check out the GDP of former North-Vietnam? Korean morale (fighting for their country) will be far higher than US morale (fighting for a modest pay-check).”
Clogged you do realize the US left Vietnam because the place had to be destroyed to be conquered. South Vietnam did not have what it took to win that war. You are just an intellectual bum using the Vietnam example anyway. That was late 60’s. Join the 21st century. You don’t know what North Korean morale is you can’t even figure out how many men under arms are on the Korean peninsula. What a joke.
Cloggie on Sun, 29th Oct 2017 6:21 am
China’s debt is unsuitable.
It doesn’t fit in the pockets of your suit indeed. Point for you!
India wouldn’t even join their garbage road because of it. Its a pipe dream…sorry
https://eclinik.files.wordpress.com/2016/06/iron_silk_road.jpg
Russia and Europe do.
https://www.forbes.com/sites/wadeshepard/2017/07/31/india-and-japan-join-forces-to-counter-china-and-build-their-own-new-silk-road/#4cd915864982
Last time I checked Japan was an island.