The end of the second Elizabethan age has come with the death of the 96-year-old Queen Elizabeth II. Her son, Charles, will become the new monarch. He will be called Charles III, the first Charles since Charles II, who was the son of Charles I, the King executed by Oliver Cromwell’s Levelers. Charles II was the restored monarchy after the death of Cromwell. Will Charles be the symbolic rebirth of the first or the second eponym predecessor?
Queen Elizabeth II, Britain’s longest-reigning monarch and a rock of stability across much of a turbulent century, died Thursday after 70 years on the throne. She was 96.
The palace announced she died at Balmoral Castle, her summer residence in Scotland, where members of the royal family had rushed to her side after her health took a turn for the worse.
The British heir apparent, who is 73, ascended to the throne following the death of his mother, Queen Elizabeth II.
“The Queen died peacefully at Balmoral this afternoon,” the palace said Thursday. “The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow.”
The Queen died peacefully at Balmoral this afternoon.
The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow. pic.twitter.com/VfxpXro22W
Mr. Sune Hojgaard Sorensen, a strategic and economic Advisory Board Member of the BFI Capital Group, has identified what he calls three defining mega-trends he believes will feature prominently in the next decade, all of which have been massively accelerated by Covid.
1. DIGITALIZATION AND TECHNOLOGICAL INNOVATION
“According to a study conducted by McKinsey & Co in November of last year, in response to the crisis, companies have accelerated the digitalization of their customer interactions, accomplishing three or four years of progress in just seven months!” Further, Sorensen notes that “Value has moved from the tangible to the intangible, or a combination thereof.”
In 1975, only 17% of assets on the S & P 500 were intangible (patents, brand value, customer data, etc.), while 83% were tangible (buildings, equipment, cash, inventory, etc.). Today, 90% of assets are intangible. Digital finance, tele-health, remote work, online education, virtual entertainment, automation, and robotics will only increase in use.
2. THE RISE OF THE EAST
Consider that over 3.3 billion live in the countries of India, China, Indonesia, Bangladesh, and Japan alone. The world’s largest shipping hubs are now in the East, and Asia’s market share has massively expanded in the past 100 years. Despite the talk of “decoupling” from China, many businesses have shown little interest in doing so.
According to MacroPolo, “Foreign businesses are just one gauge of decoupling, but they are particularly important leading indicators of shifts in supply chain ecosystems. In 2020, the respective portions of US (87%) and European (89%) businesses indicating no intention to leave China are as high or even higher than they’ve been in recent years.”
According to MacroPolo, “Foreign businesses are just one gauge of decoupling, but they are particularly important leading indicators of shifts in supply chain ecosystems. In 2020, the respective portions of US (87%) and European (89%) businesses indicating no intention to leave China are as high or even higher than they’ve been in recent years.”
World’s Largest Shipping Hubs Data
1. BIG GOVERNMENTS, BIGGER DEBT
Essentially, the US has transitioned from real engineering to financial engineering. Sorenson highlights the Congressional Budget Office projections, which predict that US Debt to GDP will pass the historical high of 106 in 2023, and in 2050 will hit 2.5x what they were at the end of 2020.
But Sorensen believes this could spell opportunity for strategic investors. “Beyond the debasement and the financial repression, big government and even bigger debt will also bring plenty of opportunity to those entrepreneurs and investors who can take a pragmatic approach, see through the smoke and mirrors, and identify the sectors that stand to benefit from all this largesse, deploying their efforts and capital accordingly.”
Consider that while millions lost their fortunes in the Great Depression, those who understood the times and were wise enough to get out early (like Joe Kennedy, Sr.) were able to buy stock after the crash for pennies on the dollar, becoming millionaires in the process.
India has for the first time referred to what it called “the militarization of the Taiwan Strait”, marking a rare instance of New Delhi appearing to comment on China’s actions towards Taiwan. The Indian High Commission in Sri Lanka released a statement in which India accused China of “militarizing the Taiwan Strait.”
Key points:
India made the statement after a Chinese military research vessel docked at Sri Lanka’s Hambantota port for a week.
Recently, China completed its large-scale military drills around Taiwan in response to the visit of US House Speaker Nancy Pelosi to Taiwan.
India has followed a “One China policy” since 1949 and maintained trade and cultural relations with Taiwan. India stopped mentioning this policy in its official statements after 2008.
After British energy costs went up by 54 percent in April, the energy regulator recently announced that this spike in price will be followed with an 80 percent price increase, blaming the consequences of the Ukraine war for the bulk of the need for the rise in energy costs.
….things are getting worse. U.K. residents will see an 80 per cent increase in their annual household energy bills, the country’s energy regulator announced Friday, following a record 54 per cent spike in April. That will bring costs for the average customer from 1,971 pounds (US$2,332) a year to 3,549 pounds.
The latest price cap — the maximum amount that gas suppliers can charge customers per unit of energy — will take effect Oct. 1, just as the cold months set in. And bills are expected to rise again in January to 4,000 pounds.
To blame for the increase is the soaring price of wholesale natural gas triggered by Russia’s war in Ukraine, which is driving up consumer prices and roiling economies across Europe that rely on the fuel for heating homes and generating electricity.
The Biden family scion and current American President, Joe Biden, is headed to Southeast Asia in November to meet with the leader of the country, China, which made the family wealthy and powerful today.
President Biden is likely to meet Chinese President Xi Jinping in person in November — the first such meeting since Biden took office, the Wall Street Journal reported Friday.
Biden’s family has had extensive and possibly continuing business relationships with companies linked to China’s government, and he faces political pressure to take a more aggressive posture toward Xi — including on fentanyl exports and transparency about the origins of COVID-19.
The visit reportedly will occur somewhere in Southeast Asia. Xi is expected to attend international summits that month in Bangkok, Thailand, and Bali, Indonesia.
Volodymyr Zelensky has vowed that Ukraine will reconquer territories it has lost to Russia during the current war.
In an emotional and defiant speech, Ukraine’s President said the Donbas was “almost destroyed” but that “dignity” for the people of the region would return.
He said: “Now Donbas is almost destroyed by Russian strikes, devastated.
“Proud and glorious Ukrainian Donetsk is humiliated by Russian occupation, robbed. But Ukraine will return.
One of the oft overlooked aspects of the military in general are the small items that form part of a soldier’s kit. While the vast majority of these items are very mundane, indeed, occasionally an item appears which offers a sea-change in its sphere.
While mass produced, purpose-designed combat first aid dressings date back to the early 1920’s with the advent of the “Carlisle Dressing“, developed at the US Army’s Carlisle Barracks, in the aftermath of World War One, surprisingly little further development occurred until PerSys Medical’s design came along. The Carlisle Bandage was a simple affair, simply a sterile dressing on one side, backed by a gauze, later cotton, cloth backing used to secure it in place. (Indeed, Bar-Natan attributes his drive to invent the bandage with being issued Carlisle bandages manufactured in 1938, during his time as an IDF medic.)
While the Carlisle and its successors were useful, and certainly saved lives on the battlefield, they were far from perfect solutions. The dressings frequently came loose, and the design allowed for a great deal of contamination to enter the wound area, even if tightly secured in place. The only way to effectively protect the wound from post-trauma infection was to apply an ace-type elastic wrap after applying the battle wound dressing. Obviously, this was rarely done, as medics tended to use the space and weight of the ace wrap to carry extra bandages, instead.
Variants of the Carlisle were used all the way into the 1990’s, two being included in the first-aid kit of the day, until the deployment of the modern IFAK, which includes the “Emergency Dressing”, as it is termed by the US Military.
Bar-Natan’s design abandoned the simplicity of the Carlisle, in favor of a significantly improved version which, although somewhat more complex to use, provides far better care for an injury victim. The Emergency Bandage comes already attached to an ace-type wrap, which is integral to the dressing’s function. After removal, the sterile side of the dressing is applied as direct pressure to the wound area, and the elastic wrap is wound one turn around the extremity (or the torso or head), until it meets the second essential part of the design.
U.S. Military First Aid Kit. US Department of Defense photo.
The Emergency Bandage’s patented “pressure bar” is a stirrup-shaped device mounted directly with the elastic wrap. Slipping the wrap through the stirrup of the pressure bar, then reversing the direction of the wrap, causes the pressure bar to exert a mild tourniquet-type force against the wound. This results in the creation of an additional barrier to external media contaminating the injury. The wrap is then secured in place by the bandage’s closure bar, which hooks into the bandage in much the same way as a ballpoint pen clipping to a shirt pocket.
US Military-issue IFAK, 2012. US Army photo.
Additionally, the Emergency Bandage can in many instances be self-applied one-handed, something extremely difficult, if not impossible, with the Carlisle-model dressing family.
Mated to QuikClot-impregnated gauze, this provides a very powerful field dressing that is practical, easy to use and easy to train on. Indeed, the Emergency Bandage has been credited with saving many of the victims of the notorious 2011 shooting in Tucson, AZ, in which Congresswoman Gabrielle Giffords was critically wounded.
The Emergency Bandage – the “Israeli Bandage” to many US troops – has saved, and continues to save, lives in combat theaters and disaster emergencies, around the world.
The Freedomist — Keeping Watch, So You Don’t Have To
When the United States Marine Corps’ (USMC) Commandant, General David H. Berger, announced his radical visionin 2019 of “reinventing” the Marine Corps to perform duties on a basis more in line with the guidance from then-Secretary of Defense Mark Esper, his program proved to be highly controversial, not least, in light of recent events in Ukraine and Russia. This vision radically restructures the Marine Corps, removing main battle tanks entirely, and significantly reducing both “bayonet strength” in infantry battalions, as well as heavily cutting back on conventional artillery and tactical air transport, all in an attempt to fight the People’s Republic of China (PRC).
It is bewildering – to say the least – as to how these ideas could work verses a major-war opponent may be an open question. Primarily, the controversy revolves around the significantly reduced capacity in fire support.
However, times change, and technology changes apace.
Okinawa, April – June 1945: An American rocket ship fires a salvo of rockets during the bombardment of Okinawa. US Navy photo.
Case in point: As technology and high-tech industry has expanded throughout the world, more and more nations are developing energetic and dynamic design firms. Recently unveiled by Indonesian shipbuilder PT Ludin, the Atasena-class X-18 ATC (Armored Troop Carrier) – originally called, for obvious reasons, the “Tank Boat” – may look like something out of a “GI Joe” movie, but it is definitely an innovative development of preexisting concepts.
Name of Indonesia islands greater than 1000 km2 in area.
Comprised of over 18,000 separate islands, and being on the front lines of both insurgency, piracy and general world unrest, Indonesia has a definite need for an inshore fire support vessel with a heavy punch. In this, the X-18 “Tank Boat” certainly delivers.
Designed by PT Ludin, the X-18 ATC is to be built by the veteran small craft yards of North Sea Boats. The current production unit that has undergoing testing by the Indonesian Army is armed with the Cockerill C1030 MK44S 30mm cannon unmanned turret. A mock-up vessel, shown at international arms shows when the details of the X-18 were released mounted a mock-up of a planned Cockerill 105mm cannon with an automatic loading system in a small, 2-person turret, with a 360° traverse and a pair of .50cal/12.7x99mm heavy machine guns as secondary weapons, with other secondary weapons possible. In either configuration, the X-18 can also carry up to 60 troops, up to 5 tons of cargo, or a variety of small, rigid-hulled inflatables. This would allow the deployment of conventional boarding or landing parties, as well as special operations teams — who could potentially have 105mm artillery support within a 10km arc from the craft. Another planned version would mount some form of dedicated anti-ship, and possibly anti-submarine, missiles.
CONCLUSION
With a reported draft of only 0.8 meters and a reported 600nm range (the distance from Washington, D.C. to Miami, FL) at 9 knots (but able to cruise at 40 knots, with a 50 knot maximum speed), the twin-hulled catamaran design would certainly have long legs. The design is impressive enough – in theory – to have reportedly garnered an early order from the United Arab Emirates, with India, Greece and the Philippines expressing serious interest.
A U.S. riverboat (Zippo monitor) deploying napalm during the Vietnam War. US Navy photo.
While its armor (NATO Stanag 4569) may be rather unimpressive, proof only against small arms and shell fragments at a distance, in the inshore environment, the ability to swiftly bring large numbers of troops, backed up by significant firepower, to bear on an enemy’s rear areas is a major advancement in firepower.
This is something that the USMC, struggling with shrinking procurement budgets and a general drop-off in enlistments, should seriously consider adding to its arsenal, not least because of a projected purchase price of under US$20million each.
Not every bright idea comes out of the US defense establishment.
The Freedomist — Keeping Watch, So You Don’t Have To
Originally, this article was going to be considerably different, until research suddenly swerved in a different direction. That direction is to reinforce a fundamental military truth:
Artillery was, is, remains and will remain, the “King of Battle.”
While retaining the “Dragon Fire II” vehicle-mounted 120mm mortar, the reading on the rationale behind these decisions stands testament to an unacceptable failure by the military establishment in the United States to focus on reality.
Since combat operations commenced in Afghanistan in 2001, the US military in general has drilled down to a focus almost exclusively on “counterinsurgency operations” (COIN). Although pointedly left unsaid in public, this is a reaction to the fact that the US military establishment essentially abandoned COIN operations in the aftermath of the Vietnam War, to focus exclusively on the perceived threat of a Soviet invasion to Western Europe, and the assumed nuclear exchanges that would follow. In the aftermath of the 9/11 Attacks and the wars in Iraq and Afghanistan deteriorating into guerilla conflicts, the US military swung the pendulum 180° in the opposite direction from the 1980’s.
After the collapse of the Soviet Union, and Francis Fukuyama foolishly proclaiming the “End of History”, although rarely spoken out loud, military forces were seen as almost redundant anachronisms in many quarters, and should be reduced both in scale and capabilities, rendering them as something like heavily-armed police forces, with the occasional, movie-ready SWAT teams for hostage rescue. Combat operations like the first Persian Gulf War and Operation Iraqi Freedom were seen as aberrations, large operations against technologically inferior despot forces with lots of heavy (if antiquated) weapons and gear, and lots of troops, who – if not very well-trained or motivated – at least had plenty of simple weapons, and who would require somewhat more force than the international equivalent of a beat cop holding up their hand and saying “HALT!” in a loud voice.
Enter Russia.
While we are not going to delve too deeply, here, into the politics of this year’s Russian invasion of Ukraine, Russia is currently – by their own counts (which should, of course, always be taken with a large grain of salt) – running an average of c.580 fire missions per day. Assuming that these missions are run according to Russian military doctrine, each of these missions are a “battery shoot” involving a battery of four to six weapons. Roughly 30% of these would be rocket artillery, mostly from BM-21 ‘Grad’ type rocket systems, with the remainder fired by conventional “tube” artillery [https://en.wikipedia.org/wiki/Artillery]. Using the most conservatively realistic figures, this equals approximately 7,000 conventional artillery rounds being fired.
Per day.
This come out to over 200,000 rounds in a 30-day period.
In contrast, the Western democracies have “bet the farm” on weapon accuracy, developing “precision everything” in mortar, rocket and conventional artillery rounds. They chose this route, because the conventional news media is ecstatic over images of dead civilians, which is much more likely when using “dumb” weapons. Needless to say, such casualty-limiting precision comes at a price: the M982 “Excalibur” 155mm precision-guided artillery round costs anywhere from US$68,000 to $175,000 per round (depending on who is counting).
In the West, conventional “dumb” artillery rounds cost between US$300 and $1,000 each. This, of course, begs the question: is “smart” better than “dumb“?
Certainly – if you can afford it. Can the West?
Currently, following the defense budget cuts in FY2022 by the Biden administration, artillery ammunition procurement is being cutby some 36%. In the very best case scenario, this means that the United States currently produces enough ammunition in a calendar year for anywhere between ten days and three weeks of combat firing, based – again – on the mostconservative take on Russian claims of artillery fire missions and estimated rates of ammunition expenditure in Ukraine. And the United States is sending ammunition to Ukraine to go along with the 155mm howitzers and other weapons we are already supplying.
And the US is not alone. In 2021, the British Army conducted a large-scale, “main force” wargame where they completely exhausted national stocks of critical ammunition – at the national level – in eight days. Similarly, only about 2,100 units of the vaunted Javelin missile are produced each year – and the Ukrainians are claiming to fire “hundreds” of Javelins daily, leaving the US defense industry scrambling to bring new production streams online. The FIM-92 Stinger anti-aircraft missile is in a similar situation.
Worse still, Russia is known to have fired over 1,000 “cruise missiles” since invading the Ukraine proper in February of 2022. Even given the highly questionable reports of those firings’ performance, it is clear that the Russian industrial base is still more than capable of supplying the weapons and ammunition to the firing lines (the logistical aspects of this are an entirely different subjects).
It is vital to keep in mind, again, that the technical accuracy and reliability of the Russian arsenal is not the question, here. The fact is that they are able to maintain production and consumption rates of comparatively “dumb” systems – and firing something at the enemy is better than firing nothing, because you’re waiting on resupply.
The conclusion here is clear: the West is functionally trying to counter Russian aggression from a hospital bed, while ignorant children are playing with its life support equipment.
This is not 1939, and the West is no longer the “Arsenal of Democracy.” Ukraine is paying, and will continue to pay, a heavy price for trusting the modern-day Western states…and unless something is done quickly, the people of the West may well pay that price, as well – assuming that we do not pay an even heavier price.
The Freedomist — Keeping Watch, So You Don’t Have To
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