🇺🇸 🇯🇵 📝 Japanese anon: A fighter jet, tank, drone, battleship or whatever cannot stand on street corners. And enforce "no assembly" edicts. A fighter jet cannot kick down your door at 3AM and search your house for contraband.

🔶️ You cannot control an entire country and its people with tanks, jets, battleships and drones or any of these things that you so stupidly believe trumps citizen ownership of firearms.

🔶️ None of these things can maintain the needed police state to completely subjugate and enslave the people of a nation. Those weapons are for decimating, flattening and glassing large areas and many people at once and fighting other state militaries. The government does not want to kill all of its people and blow up its own infrastructure. These are the very things they need to be tyrannical assholes in the first place. If they decided to turn everything outside of Washington D.C. into glowing green glass they would be the absolute rulers of a big, worthless, radioactive pile of shit.


https://imgur.com/this-topic-comes-up-far-too-often-liking-im-getting-tired-of-posting-this-over-over-again-MqW14aW

The Rug Pull on Global Liquidity | Brent Johnson

Brent Johnson, who coined the phrase "dollar milkshake", comes on to Forward Guidance with Jack Farley to discuss:

➡️ the Japanese rug pull on global liquidity

➡️ why he doesn't think the U.S. is headed for a recession

➡️ why the dollar will be the last currency standing

➡️ why U.S. stocks are likely to continue to outperform

➡️ why the sign of the Fed losing control of the dollar will not be dollar weakness, it will be dollar strength

➡️ why predictions of the dollar's demise have been so wrong for 40 years, and why, even though they may eventually prove correct, that is not a way to make any money

➡️ and more!

Timestamps:
00:20 Introduction
01:54 Brent's Market Views
07:16 Brent's Dollar View
14:04 VanEck Ad
14:46 Interview Continues
18:17 Potential For A "Fiscal Doom Loop"
20:01 People Have Been Calling For The End Of The Dollar For Longer Than Most People Have Been Alive, And It Hasn't Happened. Brent Is Betting That Those People Will Continue To Be Wrong For At Least A Little While Longer
20:40 People Have Been Calling For The End Of The Dollar For Longer Than Most People Have Been Alive, And It Hasn't Happened. Brent Is Betting That Those People Will Continue To Be Wrong For At Least A Little While Longer
26:27 Hedging For The Dollar Milkshake In A Responsible, Risk-Defined Way
37:06 Permissionless Ad
38:13 Connection Between Dollar and U.S. Stock Market
43:39 Potential For A Global Dollar Squeeze
48:57 Why The Rest of The World Suffers From A Stronger Dollar
01:02:20 Would Trump And Vance Ticket Succeed In Weakening The U.S. Dollar To Promote Exports?
01:05:11 Michael Pettis' Frameworks That U.S. Fiscal Deficit Is Large Because U.S. Trade Deficit Is Large
01:13:23 Does Weaponization of The U.S. Dollar Force De-Dollarization?
01:16:37 Brent's Views On Economy And Stock Market: He Doesn't Think U.S. Is Headed For A Recession

He is also (and has been) a bull 📈 on gold and he remains a not a bull 📉 on Treasuries (which he says some incorrectly think he is). This interview was recorded on Friday, August 2, during Friday's sell-off but before the vicious sell-off on Monday.

This is a big file, but you can watch the clip on YouTube and on Twitter:
🔗 YouTube
🔗 Twitter

🏹 🇺🇸 💥 Northrop Grumman develops cannon-based air defense system

🔶️ Northrop Grumman has announced the development of a new Cannon-Based Air Defense (CBAD) system designed to counter the growing threat of large-scale aerial raids involving cruise missiles and unmanned aerial systems (UAS).

🔶️ “We are developing Cannon-Based Air Defense (CBAD), which employs Bushmaster Chain Guns with advanced ammunition, to affordably defeat a growing threat: large aerial raids of cruise missiles and unmanned aerial systems,” Northrop Grumman stated.

🔶️ Traditional long-range interceptor missiles have become less cost-effective as adversaries deploy low-cost, expendable technologies in large quantities. In contrast, CBAD offers an affordable, layered terminal defense with a scalable manufacturing base and simplified logistics.

🔶️ As noted by the company, adversaries are increasingly focusing on enhancing the quantity, variety, and capability of their aerial weapons. Future conflicts are expected to feature larger raid sizes targeting previously secure bases and critical infrastructure. CBAD systems provide a scalable, cost-effective, and resilient terminal defense against these mass air threats.

https://defence-blog.com/northrop-grumman-develops-cannon-based-air-defense-system

📖 🏹 💥 Flak "88" Air defense units were usually deployed with either a Kommandogerät ("command device") fire control computer or a portable Würzburg radar, which were responsible for its high level of accuracy against aircraft.

📝 Paul Fussell, 1989: [American troops] knew that the greatest single weapon of the war, the atomic bomb excepted, was the German 88 mm flat-trajectory gun, which brought down thousands of bombers and tens of thousands of soldiers. The Allies had nothing as good, despite one of them designating itself the world's greatest industrial power.

⏳️ The total time to set up was estimated at two and a half minutes. Both modes of operation made the gun much more suitable for fast-moving operations, the basic concept of the blitzkrieg.

🏭 By August 1944, there were 10,704 Flak 18, 36 and 37 guns in service, now complemented also by the 10.5 cm Flak 38 and 39, and the formidable 12.8 cm Flak 40, owing to the increase in US and British bombing raids during 1943 and 1944.

✍️ Flak is a contraction of German Flugabwehrkanone (also referred to as Fliegerabwehrkanone) meaning "aircraft-defense cannon", the original purpose of the weapon. In English, "flak" became a generic term for ground anti-aircraft fire.

📎 8.8 cm Flak 18/36/37/41

🗳 🇺🇸 📊 Trump growing critical of campaign strategy as Kamala outpaces him in polls just weeks after assassination attempt bump.

https://www.washingtonpost.com/politics/2024/08/07/trump-election-campaign/

https://archive.ph/D9VwH

📎 AF Post

🇵🇸 🇮🇱 🇮🇱 With attention on Gaza, Jewish settlers expand in the West Bank

🔶️ "The settlers realize that these are the right times to expand and to take as much as possible, to swallow as much as possible, to grab as much as possible," said Etkes, who established the monitoring group Kerem Navot.

🔶️ "We used to consider settlers as a lobby group putting pressure on the government," said Issam Aruri, head of theJerusalem Legal Aid and Human Rights Center. "But now they are the government. They are ministers and they are doing whatever they want.”

🔶️ A leading figure is Bezalel Smotrich, the finance minister who is also in charge of settler affairs in the Israeli government. He's a West Bank settler himself and ran a settler advocacy group before becoming part of the government.

🔶️ Today, around 750,000 Israelis live in the West Bank and East Jerusalem. This means just over 10% of Israel's Jewish population resides in territory captured in the 1967 Arab-Israeli war — land which is not internationally recognized as part of Israel.

🔶️ "The Jewish people are going to go back to Gaza. The question is when? I hope very soon," And come tomorrow, the settlers are likely to control even more land.

🔶️ The U.N.’s International Court of Justice recently ruled the West Bank settlements violate international law and must be evacuated.

https://www.npr.org/2024/08/07/nx-s1-5039159/with-attention-on-gaza-jewish-settlers-expand-in-the-west-bank

⛏️ 🇷🇺 🦏 Siberian gold miners accidentally find ancient woolly rhino mummy with horn and soft tissues still intact

🔶️ Gold miners in Siberia recently unearthed a mummified woolly rhino carcass with its horn and soft tissues still intact. The miners in the Sakha Republic, came across the carcass while excavating the site of a new quarry.

🔶️ "This is a truly unique find that will allow us to study the history of the region, its ancient fauna, climate and geological conditions in more depth," Anatoly Nikolaev, rector of the NEFU, said in the statement.

🔶️ The permafrost in Siberia provides ideal conditions for the preservation of ancient creatures. The cold conditions mummify the remains, normally dehydrating soft tissues and locking them away in a frozen "time capsule."

https://www.livescience.com/animals/extinct-species/siberian-gold-miners-accidentally-find-ancient-woolly-rhino-mummy-with-horn-and-soft-tissues-still-intact

💉🇦🇫 🇦🇫 How The Taliban Smashed Opium | Ioan Grillo

📉 While US, UK occupied Afghanistan it produced 85%+ of world heroin. After the Taliban took over they smashed 90% of the trade.

https://www.crashoutmedia.com/p/how-the-taliban-smashed-opium