RT has the interview US ‘Empire of Debt’ will go to war to stop emergence of petro-yuan – Max Keiser.

Countries worldwide are tired of funding the America’s “military adventurism by being a party to the ‘Empire of Debt,’ as it’s known around the world – the US dollar,” and therefore, will likely join the de-dollarization movement, Keiser said.

I think Keiser is correct about most of what he says. I would be very wary of his brief remark about crypto-currency. He seems to be a big fan of crypto-currency erroneously in my opinion. Here is a recent post The Lunacy of Cryptocurrency that is more in line with my thoughts on the subject.

There may be one possibility for crypto-currency that is worth keeping in mind. The proponents of Modern Money Theory state that what gives fiat currency its value is that governments that produce such currencies create demand for them by insisting that taxes can only be paid with that currency. At the moment, crypto-currencies have no similar mechanism to give them value. If, however, some sellers of oil demanded to be paid in a crypto-currency, this could give legitimate value to the chosen crypto-currency.

The dreaded New York Times has the November 2011 article The New Progressive Movement.

I started searching for an article like this when I was thinking about a previous progressive era. A Google search brought me to the following explanation of that progressive era.

Trust busting efforts during the Progressive Era, from around 1900 to 1917, spanned the presidencies of Roosevelt, Taft, and Wilson. Antitrust lawsuits were used to break up monopolies and trusts found to be restraining trade and manipulating markets.

For the first time, I started to wonder how we ended up with the 1920s and the great depression if we had this progressive era.

This led me to this Google search where I found the article in The Dreaded New York Times.

The second gilded age was the Roaring Twenties. The pro-business administrations of Harding, Coolidge and Hoover once again opened up the floodgates of corruption and financial excess, this time culminating in the Great Depression.

In this article written by Jeffrey D. Sachs, he proved to be a little less than prophetic.

The young people in Zuccotti Park and more than 1,000 cities have started America on a path to renewal. The movement, still in its first days, will have to expand in several strategic ways.
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Those who think that the cold weather will end the protests should think again. A new generation of leaders is just getting started. The new progressive age has begun.

Though I was a fan of Occupy Wall Street, and participated in some events, I was one of those who knew the cold weather would put an end to it. Of course the reaction of Wall Street was key to crushing the movement, but it was the summer weather that let the movement resist the crush.