The Fall of Damascus

The week ended on December 14, 2024, interesting news items to look at this week are:

1. The Fall of Damascus: 2024 will end with an enigma that few truly understands. How a “nation” with a standing army of 270,000 offered no resistance against a lightly armed known terrorists group of at best 30,000 militias. Dependent upon one’s political spectrum, there are jubilation of the power of the Zionists for a victory using hired guns to defeat a proxy of Iran and Russia.  There are recriminations against Turkey betraying Russia with the 2017 Astana Accord of and sponsored HTS to overrun the Assad regime. Only time will tell of what was the true reason why Bashar al-Assad gave up Syria but for the time being allow me to speculate possible consequence of this fall out.

(i) Greater Turkey and Greater Israel: Let’s start with known intentions of Erdogan and Natanyahu. (Fig. 1) is a map drawn from declared intentions of Erdogan and Natanyahu regarding territorial expansion of their respective countries.

The fact that fighting continued after Bashar al-Assad fled Syria and HTS started a transition of power process means Turkey and Israel has designs beyond just a regime change. As a matter of public record, since 2001, US had intentions to take out 7 countries in the Middle East and North Africa, namely: Iraq, Syria, Lebanon, Libya, Somalia, Sudan and Iran. (See video of General Wesley Clark, former Supreme Allied Commander Europe US European Command). With a belief of Iran being weakened by the fall of Syria, the IDF (Israeli Defense Force) is getting ready to attack the nuclear facility of Iran. (Fig. 2).

My speculation is that everything that happened was a race against time before Russia mopped up and conclude the NATO Ukraine proxy war against Russia and before Trump take charge at the Oval Office. However when one strikes a hot iron in haste one could also burnt.

(a) By taking out 80% of Syrian Military Assets (Fig. 3) immediately after the HTS coup,

does Israel expect the 30,000 HTS militias to guard the land bridge from Iran to Lebanon and Hezbollah as well as the whole of Syria? Remember it was Israel that asked for ceasefire after suffering huge casualties of its elite Golani Brigade in Southern Lebanon against Hezbollah. (Fig. 4).

Hezbollah stood strong against the IDF in Southern Lebanon but was pressured to comprise by the Lebanese government after IDF’s bombing repeated raids on Beirut. Remember Iran has two well equipped brigades standing ready to move into Syria and well capable to protect its supply line to Hezbollah. (Fig. 5).

(b) Proxies of Two NATO Countries are fighting each other: (Fig. 6)

The 20% separatist Kurdish population in Turkey has always been regarded as a major security threat in Turkey. With a total Kurdish population approaching 50 million straddling between Turkey, Syria, Iraq and Iran. (Fig. 7).

The Kurds is the largest ethnic group in the world without its own state (Fig 8) and has been fighting for their self determination for over a century. (Fig. 8).

The sad state of the Kurdish people was a result of the divide and conquer tactic designed by the British and France after a breakup of the Ottoman Empire and carefully crafted territorial allotment and nation incubation after WWII. US has since armed and funded the Kurds as its proxy and battling ram against its surrounding countries should they defy US rule. With a power vacuum quickly developing in the region and Turkey’s ambition as a regional hegemony, I foresee chaos and  conflicts to continue as alliances are formed and broken by comparative benefits and conveniences.  

Has the fall of Damascus changed global and regional Geo-politics. Yes, it will accelerate and escalate the ongoing conflicts but not advantageous to any particular factions. More and more resources are drawn into war and healthy economic co-operation, progress and developments are pushed to the back seat. It is indeed a sad conclusion of 2024.

2. Year End Financial Market Round Up:  Year to December 14, 2024 financial markets performance as follows (Fig. 9)

: Bitcoin (+141.1%), Nasdaq (+29.27%), Silver (+28.42%), Gold (+28.39%), S&P500 (+26.86%), Dow (+16.20%), Uranium (+12.67%), Copper (+7.76%), USD Index (+5.54%), GBP (-0.90%), Rmb (-2.44%), Oil (-3.74%), Euro (-4.89%), AUD (-6.61%), Jpy (-8.2%) and Ruble (-14.52%).

With the usual caveat of Financial Year End window dressing, performance of various asset class indicates a continuing decline in purchasing power of fiat currencies with out-performance in Bitcoin, Precious Metals and Energy related metals. Vassals and Cronies of the Anglo American Empire suffered and US profited from arm and energy sales. China, India and South Africa did well but setback for Brazil and Russia. Price for USGG10YR fell 3.29% and USGG30YR fell 3.86%. I have said enough that the US private sector economy is in contraction as liquidity is being drained via fiscal dominance. Take heed to read the correct market signals and exercise extreme care to avoid momentum baits. Due to my own caution against MSM propaganda, my family asset portfolio tracks well with the main US indexes although I do not have investments in tech stocks or cryptos.

I will be taking a break in writing over the Christmas holidays and my wish for you all a joyful Christmas and a peaceful New Year.

Isaiah 17:1  The burden against Damascus. "Behold, Damascus will cease from being a city, And it will be a ruinous heap. 2  The cities of Aroer are forsaken; They will be for flocks Which lie down, and no one will make them afraid. 3  The fortress also will cease from Ephraim, The kingdom from Damascus, And the remnant of Syria; They will be as the glory of the children of Israel," Says the LORD of hosts. 4  "In that day it shall come to pass That the glory of Jacob will wane, And the fatness of his flesh grow lean. 

Zionist Feudalism

The week ended on December 7, 2024, interesting news items to look at this week are:

1. Zionist Feudalism: Political events happened this week in US, France and South Korea once again highlighted the “Rule Based International Order” was nothing more than Zionist Feudalism in disguise. By Feudalism we mean a social system in which the nobility held lands from the Emperor in exchange for military service, and vassals were in turn tenants of the nobles, while the serfs were obliged to live on their lord's land and give him homage, labor, and a share of the produce, notionally in exchange for military protection. What is more is that these events show the empire has began to fail at the core and extending to the periphery.

(i)  The United States:

(a) King Biden Pardons His Criminal Son: By Royal Degree, Hunter Biden is free and above the law of the land. (Fig. 1)

(b) Crown Prince Trump torn up USMCA even before entering the Oval Office: The free trade agreement (“USMCA”) was redesigned and signed by Trump in 2020 as the then sitting President and is a formal treaty between the US, Mexico and Canada to replace NAFTA (“North America Free Trade Agreement”). In this round, even before entering into the Oval Office threats are issued which make a mockery of the Constitutional process. By law there is no such a thing as Office of the President Elect and Trump’s power is limited to office space, telecommunication services, transition staff members are allotted, upon request. (Fig. 2).

Just who is responsible for Border Security of a Nation against illegal immigrants? US or your US’s neighbors ? We will discuss more on tariffs in subsequent paragraphs.

(c) Crown Prince Trump declares war on BRICS: Use American casino chips as money between BRICS+ or US will stop issuing casino chips to BRICS in exchange for your resources, goods and services. (Fig. 3).

(ii) The Vassals:

(a) France’s Puppet Prime Minister forced to resigned after vote of no confidence: (Fig. 4).

French politics comprised a mixed bag of 8 political parties with a diverse ideological spectrum. (Fig. 5).

Despite Marine Le Pen's far-right party, the National Rally, leading the polls in the first round of the French snap parliamentary elections in July 2024 (a leading 34 per cent of the national vote vs Macron’s 20%) , Le Pan was not able to form government. By clever maneuvering, Macron’s Centralist’s party shifted coalition with the left wing The New Popular Front and formed a government without a strong mandate from the people. Serious students of French politics already predicted right after the French coalition is formed that the present government won’t last and like clock work Prime Minister Michael Barnier was ousted just 3 months into his term of office. Macron is a poster child of the Rothschild, One World Government and champion of Project Europe. Remember back in 2019 with Trump 1.0, Macron jeers NATO is brain dead (Fig. 6)

but now contemplating sending French troops into Ukraine as Biden fades into insignificance. (Fig. 7).

With 2 more years before Macron’s term ends in May 2027, Zionists are prepared to bring France to its knees to lay blame on Le Pan and rescue Macron. It will be interesting to watch how the Zionists will maneuver to prop up Macron without tilting the table in favor of Trump 2.0, Putin and Xi.

(b) President of South Korea got slapped on declaring Marshal Law: (Fig. 8)

When a head of state is doing the bidding of a Foreign Overlord against the wishes of its populace, sooner or later something breaks. South Korea needs a defection of 8 votes from parliamentary members of the ruling political party to secure an impeachment. Will an impeachment motion be voted upon or the Ruling Party just vacate the parliament en mass whenever it comes to a vote on the issue to avoid a risk of defection.  

(c) Canada the 51st State of US: Just like Macron, Justin Trudeau is another poster child of Rothschild and One World Government. The remark by Trump 2.0 for Canada to become the 51^st State of US just showed the disdain Trump has against the Globalists. (Fig. 9)

As commented last week Trump 2.0 is much more than Republicans vs Democrats and it will be a mortal combat between the Nationalists and the Globalists. We will now direct our attention to assess the effectiveness of US weapons tool box.

2. US Weapons Tool Box: The traditional pillars of US strength are the dollar hegemony, the Military, the largest economy and its technology. But like the One Ring in “Lord of The Ring”, a frequent use of the Ring’s power will corrupt the user to no ends. After the default in 1971 of the Bretton Woods Agreement, the band aid for US to bind up the wound from the default was no less than (i) tying up USD to be the currency exclusively used for global oil trade hence the “Petrol Dollar”, (ii) allow a run-up of huge trade deficits to distribute dollars into central banks of all nations and (iii) a spike in interest rates greatly exceeding inflation rates to give reasons for foreigners to hold onto their dollar reserves. But as the Triffin Paradox explained (Fig. 10),

all these measures are not sustainable and often contradictory and crunch time has come.

(a) The USD is printed and/or lend into existence:  (Fig. 11)

A Benjamin Franklin $100 USD Note is a Federal Reserve Note, which is a claim against the Federal Reserve. The Federal Reserve is an independent entity owned by members bank with a negative net-worth of $160 billion as at December 4^th 2024. (Fig. 12).

The largest assets of the Federal Reserve are Treasury Notes and Bonds and Federal Agency Debts of $6.5 trillion. In turn US Treasury has liabilities of $36.1 trillion but financial assets only of $5.4 trillion, the largest of which are Student Loans. (Fig. 13).

The arithmetic of the US economy is simple, debt levels must continue to expand to create  the liquidity required for interest payments otherwise a payment default will occur. Last week we explained the US private sector is contracting at a rate of 3.9% because of fiscal dominance. Therefore to lever up the economy, stocks and the latest fad, cryptocurrency and stable coins must increase in value to justify credit expansion. In the short term, stocks, cryptos and real estates are assets which does not appeared to be a zero sum game. When its value increases, everyone seems to profit. However, the entire portfolio value of a stock, crypto or property is determined by a minuscule percentage of people buying and selling at the margin. In the age of derivatives, somebody who bid 100,000 Tether Stable Coins for a Bitcoin can fool the world at large that a Bitcoin is worth $100,000. Please be reminded the asset backing of a Tether coin is just a statement of value by an entity in the British Virgin Island and never subject to audit and verification nor Federal Law oversight. A small bottle of washing powder in the hands of Colin Power became evidence of Weapons of Mass Destruction in Iraq. (Fig. 14).

Fool me once, same on you, fool me twice shame on me.

(b) US External Trade:

(Fig.15) gives a breakdown by Regions of US Imports. BRICS Countries and the Global South accounts for 45% of the total. Interestingly Mexico and Canada are amongst the biggest exporters to US with a combined 24% of the $3.9 trillion total imports. Just a couple of important observations. The first is 40% of the value of US imports from Mexico are made of of contents produced in the US. (Fig. 16)

In the car industry in particular, the components that made up the final product car could have moved across the Mexico/US/Canada border as many as eight times in various assembly process (Fig. 17).

The border control accounting could have counted the same component multiple times in tabulating the total import value and therefore a 25% tariff on a single cross border crossing could result in the final product taxed a lot more than 25%. Other than the US big three, major car manufacturers from Europe, Japan and Korea are both in US and Mexico moving parts, components, semis and final products across USMCA border as costs and efficiency requirements dictates. Talk about a shot gun approach and friendly fire killings for MAGA. The second point is China and other BRICS nations could retaliate against tariffs and sanctions by US through an export ban of critical minerals, input ingredients and components. Although US put on a bold face saying the ban on gallium and germanium only has an adverse impact effect on GDP by $3.4 billion. (Fig. 18)

The banning of superhard material has an immediate impact on the making of F35 turbine blades. (Fig. 19).

With a price tag of $100 million a pop, the F35 program alone is $330 billion. Is Trump totally ignorant about the finer points of his grand tariff strategy, or is it because Trump does not even have time to react once he gets into the White House and is desperately urgent to start negotiations immediately.

From the few data points that I can glean, 2025 will turn out to be a most volatile and difficult time in my life experience. Take heed my friends.

Book of Revelation 18:1  After these things I saw another angel coming down from heaven, having great authority, and the earth was illuminated with his glory. 2  And he cried mightily with a loud voice, saying, "Babylon the great is fallen, is fallen, and has become a dwelling place of demons, a prison for every foul spirit, and a cage for every unclean and hated bird! 3  For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury." 4  And I heard another voice from heaven saying, "Come out of her, my people, lest you share in her sins, and lest you receive of her plagues. 5  For her sins have reached to heaven, and God has remembered her iniquities. 6  Render to her just as she rendered to you, and repay her double according to her works; in the cup which she has mixed, mix double for her. 7  In the measure that she glorified herself and lived luxuriously, in the same measure give her torment and sorrow; for she says in her heart, 'I sit as queen, and am no widow, and will not see sorrow.' 8  Therefore her plagues will come in one day—death and mourning and famine. And she will be utterly burned with fire, for strong is the Lord God who judges her. 9  "The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10  standing at a distance for fear of her torment, saying, 'Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.' 11  "And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore: