ICPPUL: a type of malignant authority

by

Chrisstine Lagarde

 

ICPPUL: pronunciation    an acronym that represents a type of malignant authority which is:

    1. ignorant
    2. conflicted
    3. privileged
    4. power-over
    5. unaccountable, and
    6. lazy

 

  • pronounced: “ick – pull”  pronunciation
    • has a satisfyingly guttural pronunciation — it sounds almost like a swear word  🙂

Usage:

  • The FUD campaign was conducted by a bunch of ICPPUL politicians.

 

 

What are some contexts in which the term “ICPPUL” is applicable?

  • For each type of authority, describe how a particular subset of actors is “ICPPUL:”

 

FIAT POLITICIANS vs Bitcoin:  #

Example:

Christine Lagarde
Christine Lagarde
European Central Bank

 

 


Lagarde’s Bitcoin FUD  |  FUD Responses

  1. “ignorant:”
    • Fiat politicians do not understand Bitcoin.
  2. “conflicted:”
    • The government has a conflict of interest because Bitcoin competes with the Fiat monetary system and a future CDBC.
  3. “privileged:”
    • The politicians represent the cantillionaires, who benefit from their close proximity to the “money printer”.
  4. “power over:”
    • Fiat politicians and the cantillionaires are at the top of a corrupt hierarchy that represents the donor class and exercises power over, rather than allying itself with the people.
  5. “unaccountable:”
    • Corruption has been legalized and the vast majority of incumbents are repeatedly re-elected despite low approval ratings.
    • Politicians spend much more time “dialing for dollars” and meeting with donors than holding town halls and meeting with supposed constituents.
    • Politicians face no accountability for:
      • legalized corruption,
      • de-industrialization of the Rust Belt and outsourcing,
      • illegal invasion of Iraq,
      • torture, war crimes,  and sanctions
      • foreign coups/regime change, drone attacks, CIA impunity
      • 2008 financial crisis bailout,
      • climate change, environmental damage (including train derailments, etc)
      • mass surveillance
      • censorship and suppression of whistleblowers (Julian Assange, Edward Snowden, etc)
      • perjury/lies  (James Clapper, Lloyd Austin),  Lab leak origin, etc
  6. “lazy:”
    • They may work very hard serving cantillionaires and maintaining their position of power, but they don’t put in the work necessary to understand Bitcoin or how the Fiat monetary system is harmful.

 

Learn More:

 

Short Video

P.S. There are a multitude of unaccountable and conflicted systems in many sectors:

    • healthcare
    • military industrial complex
    • big tech
    • big energy
    • wall street / finance
    • big pharma
    • agribusiness
    • transportation: autos, airlines

Which is more important: the bond market (inflation) or reshoring industry?

by

Luke Groman outlines 2 factions within the US government:

  1. Whatever is good for the bond market should be US Policy:
    • We need to fight inflation.  This is the Larry Summers view that we need high unemployment to fight inflation even if this means a deep recession/recession
  2. We need to reshore, even if this leads to high inflation.
    • A faction within the Pentagon realized the the current dollar-based system requires us to outsource our manufacturing because a strong dollar makes US exports uncompetitive.
    • This outsourcing of manufacturing weakens the military supply-chain and has prompted the military to publish on this subject in 2010 and 2018.
    • The decision to sanction Russia may have been intentionally designed to precipitate a shift away from the dollar’s status as global reserve asset (but not US dollar as global reserve currency)

 
[Read more…]

Alternative News Sources

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Here are some alternative news sources I’ve found online.  I’ve chosen them to supplement the normal “mainstream” media.

I’d be interested in your opinion of them.  Do you have other sources you find useful?

 

 

 

 

International English News Sites:

  • First Post (India): private English-language international channel
  • Deutsche Welle News (German)  Deutsche Welle is Germany’s international broadcaster, producing content in 30 languages.

Economics/Bitcoin #

Ukraine Military #

  • Lawrence Wilkerson – former Chief of Staff for Colin Powell
  • Ray McGoovern – former CIA Analyst who prepared the Presidential Daily briefing.  He testified against US at the United Nations over the Nordstream bombing
  • Scott Ritter:  former Marine Ilead nuclear disarmament with Soviet Union, former outspoken Iraq weapons inspector
  • Douglas Magregor – former Colonel who has been an advisor to the Secretary of Defense under Trump
  • Judge Andrew Napalitano: former Judge, Foxnews Commentator (Libertarian)

Geostrategy

Threats to the Petrodollar: Ukraine War & BRICS

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“Foreign Affairs” semi-openly admits to “Petrodollar” defense

Foreign-Affairs-The Dollar Still Dominates



 

What is the Petrodollar?

  • The Petrodollar system is based on buyers paying for oil in US dollars. 1
  • Petrodollar recycling is when oil producers lend their suplus dollars back the the US, financing the US debt or buying US assets. 2 3
  • In the Russia/Ukraine war, Russia required “unfriendly” buyers to pay for their energy in rubles, creating a “petroruble“.
  • In a break from the past, Saudi Arabia is now considering selling oil to China in Chinese yuan. 4

Why this “Foreign Affairs” article is interesting:

I’m not surprised by the content of Carla Norrlöf’s recent “Foreign Affairs” article.  I’ve seen most of this material before from less credentialed sources on the internet (and in books), but I think it is outside of the Overton window for television. If a guest on a network like CNBC started talking about the Petrodollar, I think the producer would cut to commercial break.

[Read more…]

  1. The US made an agreement with Saudi Arabia in 1974 that it would require buyers to pay for oil in dollars. This increases demand for dollars, which increases demand for interest-bearing dollars (US Treasuries), which means more people are willing to finance US debt.↩

  2. After the US quadrupled its grain export prices shortly after the 1971 gold suspension, the oil-exporting countries quadrupled their oil prices. US diplomats had let Saudi Arabia and other Arab countries know that they could charge as much as they wanted for their oil, but that the US would treat it as an act of war not to keep their oil proceeds in US dollar assets.↩

  3. When countries hold dollars, they usually buy US treasury bonds (US debt), so as to get interest on their dollars. The more people that want US dollars, the easier it is for the US to run perpetual deficits and finance that debt. ↩

  4. This decreases demand for US dollars, hence demand for US Treasuries (US debt)↩

  5. In the past, I’ve seen people deny that it matters whether oil is priced in dollars and whether the dollar is a dominant global reserve currency.  Professor Norrlöf ‘s article confirms that not all the critics are “delusional conspiracy theorists.” ↩