By Pepe Escobar, posted with the author’s permission and cross-posted with The Cradle
The battlefield is drawn.
The official Russian blacklist of hostile sanctioning nations includes the US, the EU, Canada and, in Asia, Japan, South Korea, Taiwan and Singapore (the only one from Southeast Asia). The Global South should be aware there are no nations from West Asia, Latin America and Africa.
Moscow has not even announced a package of what could be defined as “counter-sanctions from hell”. Yet a decree on “foreign exchange obligations to foreign creditors” which allows Russian companies to settle their debts in rubles is already an eye-opener.
Economist Yevgeny Yushchuk defined it as a “nuclear retaliatory landmine”.
It all revolves around a new presidential decree, signed last Saturday: “On Temporary Order of Obligations to Certain Foreign Creditors”.
It works like this: to pay for loans obtained from a sanctioning country exceeding 10 million rubles a month, a Russian company does not have to make a transfer. They ask for a Russian bank to open a correspondent account in rubles under the creditor’s name. Then the company transfers rubles to this account at the current exchange rate, and it’s all perfectly legal.
Payments in foreign currency only go through the Central Bank on a case-by-case basis. They must receive special permission from the Government Commission for the Control of Foreign Investment.
As I discussed with Michael Hudson, what this means in practice is that the bulk of the $478 billion or so in Russian foreign debt may “disappear” from the balance sheets of Western banks. The equivalent in rubles will be deposited somewhere, in Russian banks, but Western banks, as it stands, can’t access it.
It’s debatable whether this straightforward strategy was the product of those non-sovereignist brains gathered at the Russian Central Bank. More likely there has been input from Sergei Glazyev: here is a revised edition, in English, of his groundbreaking essay Sanctions and Sovereignty, originally published by expert.ru, which I previously summarized.
Meanwhile, Sberbank confirmed it will issue Mir cards co-badged with China’s UnionPay. Alfa-Bank – the largest private bank in Russia – will also issue UnionPay credit and debit cards. 40% of Russians already have a Mir card for domestic use. Now they will also be able to use it internationally – via UnionPay’s enormous network. And without Visa and Mastercard, commissions on all transactions will remain in the Russia-China sphere.
De-dollarization in effect.
Mr. Maduro, gimme some oil
The JCPOA negotiations in Vienna may be reaching the last stage – as acknowledged even by Chinese diplomat Wang Qun. But it’s Russian Foreign Minister Sergei Lavrov who introduced a new, crucial variable.
Lavrov made it https://www.msn.com/en-us/news/world/russian-foreign-minister-sergei-lavrov-said-friday-that-moscow-is-demanding-guarantees-from-the-us-before-backing-the-iran-nuclear-deal-citing-the-current-wave-of-western-sanctions-against-russia/ar-AAUE5Dy?ocid=msedgdhp&pc=U531 quite explicit, as registered by NATOstan media: “We have asked for a written guarantee…that the current process triggered by the United States does not in any way damage our right to free and full trade, economic and investment cooperation and military-technical cooperation with the Islamic Republic.”
As per the JCPOA, Russia receives enriched uranium from Iran and exchanges it for yellowcake; and in parallel is reconverting Iran’s Fordow nuclear plant into a research center. Without Iranian enriched uranium exports simply there’s no JCPOA deal. It boggles the mind that US Secretary of State Blinken does not seem to understand that.
Everyone in Vienna, sidelines included, knows that for all actors to sign on the JCPOA revival no nation must be individually targeted in terms of trading with Iran. Tehran also knows it.
So what’s happening now is an elaborate game of Persian mirrors, coordinated between Russian and Iranian diplomacy. Russia’s Ambassador to Tehran, Levan Jagaryan, attributed fierce reaction to Lavrov in some quarters to a “misunderstanding”. This will all be played in the shade.
An extra element is that according to a Persian Gulf intel source with privileged Iranian access, Tehran may be selling as many as 3 million barrels of oil a day already, “so if they do sign a deal it will not affect supply at all, only they will be paid more.”
The administration led by that zombie remote-controlled by earpiece/teleprompter is now absolutely desperate: it is banning all imports from oil and gas from Russia. Russia is the second-largest exporter of oil to the US, behind Canada and ahead of Mexico. The replacement “strategy” is to beg for oil from Iran and Venezuela.
So the White House did send a delegation to talk to Venezuelan President Maduro, led by Juan Gonzalez, the White House top Latin America adviser. The offering is to “alleviate” sanctions on Caracas in exchange for oil.
The United States government has spent years – if not decades – burning all bridges with Venezuela and Iran. The USG has destroyed Iraq and Libya, and excluded Venezuela and Iran to sort of take over global oil markets just to end up miserably trying to buy out both, and thus escape from being crushed by the economic forces it has unleashed. That proves, once again, that imperial “policy makers” are completely clueless.
Caracas will request the elimination of all sanctions on Venezuela and the return of all its confiscated gold. Seems like that was not exactly cleared with “President” Guaido.
Social cohesion torn apart
Oil and gas markets, meanwhile, are in total panic. No Western trader wants to buy Russian gas; and that has nothing to do with Gazprom, which continues to duly supply customers that signed contracts with fixed tariffs, from $100 to $300 (others are paying over $3,000 in the spot market).
European banks are less and less willing to grant loans for energy trade with Russia because of the sanctions hysteria. A strong hint that Nord Stream 2 may be literally six feet under is that importer Wintershall-Dea wrote off its share of the financing, de facto assuming that the gas pipeline will not be connected.
Everyone with a brain in Germany knows that two extra LNG terminals – still to be constructed – will not be enough for Berlin’s needs. There is not enough LNG to supply them. Europe will have to fight with Asia over who can pay more. Asia wins.
Europe imports roughly 400 billion cubic meters of gas a year, with Russia responsible for 200 billion. There’s no way Europe can find 200 billion cubic meters of gas anywhere else to replace Russia – be it in Algeria, Qatar or Turkmenistan. Not to mention its lack of necessary LNG terminals.
So obviously the top beneficiary of all the mess will be the US – which will be able to impose not only their terminals and control systems but also profit from loans to the EU, sales of equipment and full access to the whole EU energy infrastructure. All LNG installations, pipelines and warehouses will be connected to a sole network with a single control room: an American business dream.
Europe will be left with reduced gas production for its – dwindling – industry; job losses; decreasing quality of life standards; increased pressure over the social security system; and, last but not least, the necessity to apply for extra American loans. Some nations will go back to coal for heating. The Green Parade will be livid.
What about Russia? As a hypothesis, even if all its energy exports were curtailed – and they won’t: the top clients are in Asia – Russia would not have to use its foreign reserves.
The Russophobic all-out attack on Russian exports also targets palladium – vital for electronics, from laptops to aircraft systems. Prices are skyrocketing. Russia controls 50% of the market. Then there are noble gases – neon, helium, argon, xenon – essential for production of microchips. Titanium has risen by a quarter and both Boeing – by a third – and Airbus – by two thirds – rely on titanium from Russia.
Oil, food, fertilizers, strategic metals, neon gas for semiconductors: all burning at the stake, at the feet of Witch Russia.
Some Westerners who still treasure Bismarckian realpolitik have started wondering whether shielding energy (in the case of Europe) and selected commodity flows from sanctions may have everything to do with protecting an immense racket: the commodity derivatives system.
After all, if that implodes, because of a shortage of commodities, the whole Western financial system blows up. Now that’s a real system failure.
The key issue for the whole Global South to digest is that the “West” is not committing suicide. What we have here, essentially, is the Empire of Lies willfully destroying German industry and the European economy: so easy when you have Brussels ventriloquist dummies to help you do the dirty work.
To destroy the European economy means not allowing extra market space for China, blocking the inevitable extra trade which will be a direct consequence of closer exchanges between the EU and the Regional Comprehensive Economic Partnership (RCEP), the world’s biggest trade deal.
The end result will be the US eating European savings for lunch while China expands its middle class to over 500 million people. Russia will do just fine, as Glazyev outlines: sovereign – and self-sufficient.
Michael Hudson has concisely sketched the lineaments of imperial self-implosion. Yet way more dramatic, as a strategic disaster, is how the deaf, dumb and blind parade towards deep recession mixed with near-hyperinflation will rip what’s left of the West’s social cohesion apart.
“Then the company transfers rubles to this account at the current exchange rate, and it’s all perfectly legal.”
So this is for corporate debt…? What about sovereign debt? Does this mean the CDSs for Russian debt will not be triggered?
I believe this is for all debt of Russia residents, public or private debtors.
But I note that Russian debtors must still pay full annuity in Rubles at current exchange rate converted from original sum in dollar or euro. Ruble has fallen badly so this seems like a heavy burden for a debtor.
On the other hand, when this amount of Rubles sits in special account for foreign creditor, debt is extinguished. If I understand correctly, this amount cannot be transferred to creditor, for now. It just sits in account, probably interest free. So it is in interest of Western creditors and their countries that Ruble does not continue to fall in value. If it does, that amount of paid debt will slowly become worthless, as expressed in euro/dollar, so from that angle it looks like a smart move from Russia.
I will add that this measure will protect Russian accounts with the IMF (the Central Bank’s foreign assets denominated in dollars); will enable the borrower to save money (no need to buy foreign currency); the lender, having access to the deposit, will be forced to buy foreign currency from Russia; also, this measure will somewhat protect the ruble from falling. And a number of other little things.
I have not heard that sovereign debt will default…..but it could.
If it does, there may be some ‘small print’ issues for CDS holders due to the sanctions clauses.
JPM & GS probably issued a big % of the nett CDS protection the market thought was providing cover.
Just like the Greek ‘default’ the premiums will likely turn out to be wasted money.
The question would be at what exchange rate would the ruble be set. It would be advantageous for Russia to give them the old exchange rate and let them take the fall. It is interesting to see how economics can be a weapon, but it make life so cheap. What is a common soldier fighting for his country worth to Germany? How much does it cost to have a Syrian terrorist to fight Russians as a mercenary? The human brain is amazing in its willingness to kill for some high ideal.
“So this is for corporate debt…? What about sovereign debt?”
It will be corporate debt, that is the debt that is large enough for Russia to be able to neutralize the impact of the freezing of Russia’s reserves & deal a nice under the belt blow to the collective west at the same time. Ultimately, this will effect the western banking sector – which is already in a total mess. By CDS, do you mean credit default swaps? The effect of those being cashed in depends upon exposure, how much insurance have Russian firms taken out on loans both made out & made to them? I’m not familiar with the date, maybe someone here who studies the Russian corporate debt exposure would know. One thing I am certain of, the Kremlin was aware all these years that they would end up having economic war declared upon them by the US & EU, they prepared for it, & as many keep saying, Russia will feel the heat, but nothing like what the west is about to experience. I’m in the UK & very curious how the economy here is going to be impacted by all this.
I have seen Biden’s intreview done in 1997. Back then he was laughing at Russian diplomats that Russia can’t do nothing about addition of Baltic States to NATO. “What they gonna do? Turn to China or even better Iran?”
Now I guess Biden is no longer laughing about seeking help from China.
And what’s even funnier. Recently USA went to seek help from Iran… Oh it so ironic. :)))) Now you now Joe, how it feels being cornered.
Biden can’t remember anything that isn’t on a teleprompter, and he can barely read that.
I’m worried about the incompetency. During the Cuban missile crisis the grownups still ran the show. Now I don’t see an exit. The choice is between economic collapse and armageddon. Either way, Asia is going to run the show from here on.
Couldn’t happen to a nicer asshole
There’s no way Europe can find $200 billion anywhere else to replace Russia. It’s barrels not dollars or am I in over my head as usual.
It’s been corrected. Cubic meters.
Очень разумное решение. Кстати, также новая власть освободила всех жителей от всех кредитов украинским банкам, и сообщило, что теперь все коммунальные услуги будут поставляться по внутрироссийским ценам (в разы дешевле).
Am I reading this right? Have the Russians just instituted a general bank jubilee?
Are we witnessing miracles?
Please don’t just put a link – explain or quote what the link contains. Mod.
well, that is what I am trying to figure out …my Russian is inadequate…🙄
Are you often on this site? I have seen some of your videos on YouTube. I am glad you are here. It is good to get a perspective from a Russian in Russia since I am an American in America. Please keep us up to date.
Update: it sounds like you are not the person I thought you were. Now that I see that you were copying a Russian link. Sorry for the confusion
I can recommend you https://aftershock.news / and the Colonel’s telegrams https://t.me/boris_rozhin .
Pls read this link and get familiarized with your leadership. This is what you think have elected. Of course we will pay not them.
The text is – “A very reasonable solution. By the way, the new government also released all residents from all loans to Ukrainian banks, and announced that now all utilities will be supplied at domestic prices (several times cheaper)”
The appeal of the military administration of Russia on the radio. Assistance in the upcoming sowing campaign in Melitopol region (Ukraine) – Russia will help – seed fund, fertilizers, fuel, etc. at Russian prices (which is cheaper than Ukrainian). It will also help with the sale of agricultural products on the Russian market.
“A very reasonable solution. By the way, the new government also exempted all residents from all loans to Ukrainian banks, and reported that now all utilities will be supplied at domestic prices (several times cheaper).”
Can we sometime soon dispense with describing this as debacle as the fault of “clueless” politicos? So many bad decisions, year after year, all pointing in roughly the same direction just cannot be attributed to bad judgement.
This catastrophe is quite plainly the controlled demolition of the United States as a nation.
Same as happened in Manhattan on 9/11; same culprits, larger scale.
Name the true enemy, Pepe.
Hey, Ed, is Pepe supposed to read your mind? Why don’t you tell us the name of the “true enemy?”
The most evil Jew in the world, George Soros said a few years back that the US had to be “reduced,” in order to obtain the ZioWorldOrder.
Clueless == Corruption.
Early in Hillary’s last Presidential run, she was touting ‘her experience’. Which made me laugh, because she’d been a failure at everything she’d done. Starting with Health Care Reform and it went on and on and on.
Or, more accurately, I regarded Hillary as a failure because she failed to accomplish the political goals she set out to achieve. But, did Hillary consider this to be failure after failure? After all, she’d become famously rich while ‘failing’.
Thus, clueless, or failure, or whatever word we use, is a matter of perspective. And, in a thoroughly corrupt system, it is quite possible that these ‘clueless’ failures think they are putting away a fortune for the future and their children’s future.
One may call people like Biden, Hillary, Sanders, Trump, etc to be failures (depending on political point of view), but the one thing for sure is that they all live in mansions, and have servants waiting on their every need.
Thus the equation …. Clueless == Corruption.
They might appear clueless, but they are getting rich doing it.
Til there is the writing on the wall (= Bible’s story). Cheers!
You’re one of those laboring under the impression that the elite are united and not divided into in-fighting groups amongst themselves, and that all of them are led by some mythical Israelites?
We can deduce from what has happened in the world that there may well have been one particularly powerful and ideological cabal that may well have united a number of other interests groups under it’s general globalist umbrella as they presented a plan that was good for business for everyone that mattered (that is, everyone with money already). We can likewise see that said plan has gone sideways badly because of said ideological bias, and also because many of those in said cabal have no idea how real economies operate (that is, up in the clouds of the finance casino they can’t be bothered with fundamentals like where nobel gases are produced or what palladium is used for…). I cannot see where the clearly defensive maneuver to ‘wall off’ the US/Canada/UK/EU/Australia and then maybe Japan/South Korea is according to any master plan. They’re literally cutting themselves out of the market of 7/8ths of the worlds population outside of that bubble of the “master race” and their Asian lackeys. Losing China, for example, was a huge blow to Mr. Schwab who figured he had Xi in the bag.
Then, as people with money actually begin losing lots of it, you will begin to see the fractures among the elite. Already there was a huge divide with Trump’s backers (companies that deal with real resources) and the Democratic Party backers (narrative creators, fake reality creators, financial parasites and the like). And, of course, the fake reality creators are going to find a hell of a time peddling their metaverse when they can’t get chips (both because Russia isn’t supplying the material components needed and because China has retaken Taiwan). And, of course, their whole great reset reboot was predicated upon having the necessary components for decarbonization. Well, good luck with that when they can’t get the raw materials. Data centers run on coal wasn’t part of the plan, I can assure you that much.
Also, as I presume you’re implying this Israelite connection here, note that since Russia began air patrols over the Golan and showed Israel the effects of it’s no-fly zone impacting Ben Gurion airport, Israel has cooled it’s jets (both literally and figuratively). You’ll also note they’ve been taking meetings with Putin (but not Biden). One should trust the Israelis about as much as the Turks, but they can both see which way the wind is blowing and they’ve unfurled their sails to catch it. Now if you’re speaking of the rather psychotic cabal of neocon Jews that infest the US deep state (and who were quick to abandon Israel in regards to Russia in the Golan), sure, they’re certainly one of the driving factors in America’s peculiar madness. But hardly the only one. There is no shortage of Russian hatred amongst the American goyim, and certainly few hate Russians more than the British–and here it is pretty clear the Crown is leading the charge (no doubt to distract from the honeypot spy sitting in an American jail cell right now who can spill the beans on their pedo empire).
The real fun begins when the US and European economies collapse in the next year. Rather than getting to vaxx everyone to death and unleash their transhumanist metaverse/NFT imaginary economy, they will be dealing with the very real problem of armed, anti-globalist Americans in the millions pissed off at them for wrecking the economy, and the roaming packs of Ukranian and foreign mercenaries armed with all those NATO and US weapons creating mini-fiefdoms in Europe. And so the various elite cabals will flee to their rat holes. But their dollar and EU holdings will be worthless, and they’ll find themselves shut out of the new world order.
So Ed, rather than a conspiracy of some pseudo-Slavic types who adopted a religion of a relatively insignificant bunch of herders from the Levant and proceeded to wear out their welcome all over Europe, this is more like the payback due the western most portion of the Europe and the shitty little pirate island in the Atlantic and their colonies for the last, oh, 1000 years of barbarism towards Asia, Africa, and the Americas. In fact, rather than imagining this is some grand plan of Western thinkers, perhaps it is the grand plan of the Russia, China and the collective Global South, finally leading the West to justice after a millennium. Indeed, it isn’t always the Ashkenazi Jew and the AngloSaxon who are the greatest, deepest thinkers on Earth (and based on their recent behavior, the best we can say is they are the most emotionally unstable people on Earth). Rather you might consider that the stoic Russian and Chinese people, who think on civilizational timescales with patience to match, may be seeing their plan come to fruition at the expense of the “9/11” culprits.
This is maybe one of the most thoughtful and well argued positions that I have ever read in a comment sections. I don’t read comment sections often, and I never post a comment myself. I have returned to reading them lately, and only here. I find that the commenters to the Saker page are innumerable cuts above the average respondent to web postings. Bravo!
Yes this is a particularly thoughtful, simply argued wide-ranging, intellectually comprehensive and relevant point of view that leaves the reader feeling better which is no small achievement in these days that can be desperately unhappy and unhopeful
And is Krungle referring to the Khazars who became Hebrew and developed unwelcome to a new standard? If so they were now unwelcome everywhere
The Saker page is indeed many cuts above all others of the type I know. I must admit that fact and that is the reason why I am still around. It is indeed worth it
Fantastic comment! Karma? Your comments bring into light the Hopi prophecy. We give these bad guys way too much credit for planning and execution. They are flying by the seat of their pants and emotions (a bad combination). Their loyal golems will turn on them. We are heading to the great cleansing of the earth with the 12,000 year cycle teed up. No one gets out alive.
Excellent comment. Thank you
Oh what a beautiful story, from our favorite taleteller.
It is one chapter, one tale, from the Book of Exceptional Lies: the Empire F**ks the EU.
Russia has taken the US’s bishops and the knights off the board.
…and they COULD modify this so that the exchange rate is what the RF decides, not what the western institutions decide it to be. In other words, who decides what the “current exchange rate” might be?
What I find astonishing and sad is that US alternate sites which had been accurate & successful in exposing business banking and money fraud, are now rah rah USA, Russia evil Death Star, & my American friends too. The propaganda over there must be overwhelming their brains. Best wishes all.
The propaganda over here is at a level I have never seen. They’ve opened all the valves and are pouring it out at a furious volume. The US construct is in full panic mode, driving our racist, nazionalisr, ignorant populace into a mad frenzy.
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” Carl Sagan.
“The Pseudo Reality of the Bamboozle” is perpetuated by The Powers That Be. The USA has been “bamboozled” so long by “TPTB” with the propaganda of corporate and social media via their; gaslighting, gatekeepers, narrative, and algorithms.
Seeking the truth for an individual is a challenge. And yes – the propaganda is overwhelming. Thus as an American, I’m grateful for “The Saker” and the greater Saker community.
When asked for my assessment, I note that on February 9, 1990, US Secretary of State James Baker’s famous “not on inch eastward” assurance about NATO expansion – given to Soviet leader Mikhail Gorbachev and other Soviet officials. Then I suggest they get a map of NATO expansion. But people don’t like to hear the details or truth.
“sanctions may have everything to do with protecting an immense racket: the commodity derivatives system”. May well be the case. It’s been interesting to me that there is almost no conversation about derivatives ever since the 2007-2008 Great Recession disappeared from the rearview mirror. The very few remarks in the financial press mention the fact that derivatives have reached new record levels; but then say nothing about what that portends.
Congressman Connolly from Virginia was interviewed on the MSM and states that the US should get Mig fighter jets operating over Ukr and set up Sams to protect them. This is bat-shit crazy and should it come to pass, would surely lead to a Russian Military response that expands the conflict to a wider European theater. Maybe a US theater as well?
sudden disruption to Russian coal exports to Europe resulting from an escalation in Russia-Ukraine tensions would hit northwest European coal supply particularly hard. Germany, the Netherlands and Belgium would potentially lose around 67pc of their imports in the event of a complete halt.
At this stage there is no indication that the Russian coal taps will be turned off — even partially — and coal buyers in Europe are at present scrambling to secure all available Russian spot supply to meet firm demand, rather than avoiding the origin owing to risks associated with the geopolitical dispute.
“If any sanctions on [Russian] coal are included from the US, I’m not sure it will be followed by Europeans,” one producer said, adding that there had been no reduction in enquiries for Russian coal.
But with the mainstream media focusing primarily on possible disruption to Russian gas and oil exports to Europe, it should not be forgotten that Russia is also the predominant source of Europe’s imported hard coal.
And given tight coal market fundamentals globally, there are limited non-Russian alternatives available if European buyers want to meet firm regional demand.
Russia’s dominant market share
Russian coal imports into Germany, the Netherlands and Belgium made up 67pc or 20.3mn t of the region’s total coal imports from January-November 2021, according to Eurostat. The majority of this tonnage will have been destined for Germany, although some will have been trans-shipped on to proximal markets.
Europeans to pay for anti-Russian sanctions – Volodin
MOSCOW. March 9 (Interfax) – The European sanctions on Russia will impose costs on businesses and ordinary citizens of European Union countries and will be beneficial to the United States, Russian State Duma Chairman Vyacheslav Volodin said.
“Obviously, promoting sanctions against Russian energy, Washington is seeking to occupy the European market. The share of American oil shipped to Europe is 8% and the share of gas is 6%. Growth in prices for energy is also part of this plan. All the costs will be paid in the future by EU countries, which would have to buy fossil fuel from the U.S. at a much higher price. All of this will fall on the shoulders of European companies and citizens,” Volodin wrote on his Telegram channel on Tuesday.
Russia is currently a major exporter of oil and gas to the EU, the respective shares being 45% and 27%, while the U.S. is prompting Europe to stop importing Russian energy, which is disadvantageous to Europe itself, Volodin said.
Apart from that, by forcing international companies to join sanctions on Russia, the U.S. and EU authorities are dealing a blow to businesses, Volodin said. Having left the Russian market, it would not be easy to return, as is evident from the record of 2014, he said.
“It’s extremely important today for the government and the State Duma to find solutions to preserve our people’s jobs in the market segments vacated by foreign companies. And there could be very different approaches to this,” he said.
Andrei Turchak, secretary of the General Council of the United Russia party, proposed earlier that the manufacturing assets of foreign companies that have decided to leave Russia amid the special operation being conducted by the Russian Armed Forces be nationalized. // interfax
WASHINGTON. March 8 (Interfax) – The United States remains in touch with the World Trade Organization (WTO) member states regarding Russia’s membership in it, White House Spokesperson Jen Psaki said.
U.S. Trade Representative Katherine Tai remains in touch with the other WTO countries, the U.S. will continue these negotiations, and this step would not be made unilaterally by the U.S., Psaki told journalists on Tuesday.
It emerged in early March that the European Union was considering depriving Russia of most-favored nation status in the WTO. This measure has been applied by Canada.
If Ukraine is a sacrificial lamb in the US’s crusade against Russia, then what are the EU nations? I cannot think of an apt metaphor. And what about the Global South that will be facing starvation due to food shortages and unattainable prices?
EU, Germany specifically, ere the primary target of this war. This is obvious to anyone with a bit of a clue.
Russia is just the tool here.
As a German, I’m still wondering about the “why”. Ongoing punishment for WW2? What is it the US (Anglo-Saxons?) see as a thread in my country/people? “Just” wanting our money? I’m aware of the “Cui bono?”, but am having difficulties figuring it out.
nothing special….only business. We will be used as a cheap resource and without resistance. 2% GDP for NATO (=USA)+expensive LNG=cheap bankrupt companies…..and then agreement with Russia and their commodities
Because Germany is THE powerhouse (economy, science, etc) of Europe.
So holding Germany down, will help USA to eliminate Germany as a possible future competition.
And without Germany as an independent power, then usa can easily bend the rest of the EU into bending over to usa rules.
With a powerful Germany, usa would loose control over EU.
Fascinating analysis. The only question still left in my mind, is that given all of the above, what kind of state will the US be in to exploit its shattered European empire? Particularly as de-dollarisation will have a profound impact on its economy…
Russia found 30 US military Bio Labs in Ukraine and have all the evidence to prove it at the UN !
When the evidence is presented at the the UN it will make Cheney’s vial of ‘ supposed ‘ anthrax look like a sick joke !
That vial of anthrax resulted in the deaths of 2.5 MILLION innocent Iraqi’s ( according to Iraqi figures ) – millions more maimed and displaced !
Putin is doing this for humanity and the ZIO/US/NATO are powerless to stop him !
You have NO idea what is coming – the Rothschilds are pissed and they OWN the $US and the Euro !
Don’t hold your hopes up with the UN. The west has a way of burying these crimes at the UN. Sure, a UN report will come out and it will document many of the crimes but the western media will give it scant coverage and the UN lackeys will make sure the report goes to the bottom of the pile. If they can ignore 8 years of genocide in Donboss, this will be a cinch.
Interesting to bring up the Rothschilds! We tend to forget history like this:
Why does the ordinary world tolerate this state of affairs in the world?
the money/Khazar/Mafia power are a minority power in the world that can be overwhelmed everywhere and removed period. Why does it not happen in the face of of this crime against the people everywhere?
Today Russia has a substantially, if not completely, different financial/monetary/economic system than it had the day before its “special operation” began and that is a truly fantastic thing.
I have read several people’s comments about so-called MMT and, also, how Russia may run out of, how to put it, “resources” to conduct its special operation for more than just a couple of months. I disagree. Russia has a central bank, like the Federal Reserve, that can issue/print a literally infinite amount of “money” to provide the necessary funds to carry on its special operation literally forever, as long as the “person-power” and industrial and natural resources do not run out, which they won’t.
Workers will henceforth be paid in Rubles, not USD. Natural and industrial resources will henceforth be bought and sold in Rubles, not USD. In other words, Russia can/must/will have a “go it alone” economy that will be necessary to can fend off all enemies. China being an ally will be of great benefit in Russia’s effort to fend off enemies of both Russia and China.
What matters, ultimately, is what those Rules can buy. For example, if people paid in Rubles can not buy good TVs of digitral cameras manufactured in Russia with Rubles, can Russia do a barter deal with China in which a certain volume of oil (or gas or electricity or resources, etc.) will be traded for a certain number of TVs (or digital cameras, smart phones, microwaves or milling machines or washing machines, etc.)? No “currency” invloved — just good for good. Either that or Russia and China can do their very own “gold standard” and agree on the number of rubles or number of Yuan (or Renminbi) per ounce of gold, and use that “value” to buy and sell whatever from each other and settle in gold. (I think barter, like butter, is better.)
So cutting off Russia from international banks means they don’t have to pay their natiobal debt. What a brilliant strategy the globohomo has. Lol.
The decision to implement Sergei Glazyev’s measures is only 1 part of his entire economic policy proposals. This doesn’t mean that Russian government is implementing all of his proposals. The neoliberal forces still hold power in the Central Bank. Glazyev, or a Glazyev disciple, would have to be appointed to head the Central Bank if they have hopes to implement more of his proposals. Is that going to happen?
Rússia vai denunciar a Lei de Patentes ?
Se fizer a dor será intensa.
That could happen but could this also mean that the west won’t honor Russian patents?
I understand they could do that: denounce the patent laws, with everything copyable as a result of this crap. For instance, the latest thing is that Barr’s Iron Bru from Scotland has announced they will refuse to ship to Russia. Now Russia can analyse the contents of Barr’s Iron Bru and produce their own based on a chemical analysis and sell it to other countries for cheaper than the Scots. Talk about a massive own goal by the western globohomo regime.
Does anyone outside of Scotland drink Iron Bru?
A lot like that video of John Mearscheimer talking to Australians about them selling their commodities to China- and I’m probably paraphrasing a bit, but he said “you will choose security (what we claim to supply) over prosperity”.
And if you don’t choose correctly, “don’t underestimate how nasty we can be”.
This hasn’t been well thought out, has it?
The kneejerk reaction by the EU to Russia’s Ukrainian Special Operation, throwing 95% of their eggs out the basket within a week.
What’s the antitheses to Sun Tzu? Well that’s it, almost every rule broken in The Art of War.
“The United States government has spent years – if not decades – burning all bridges with Venezuela and Iran. The USG has destroyed Iraq and Libya, and excluded Venezuela and Iran to sort of take over global oil markets just to end up miserably trying to buy out both, and thus escape from being crushed by the economic forces it has unleashed. That proves, once again, that imperial “policy makers” are completely clueless.”
It seems the late Egyptian president Gamal Abdel Nasser was not wrong when he said:
“𝘛𝘩𝘦 𝘨𝘦𝘯𝘪𝘶𝘴 𝘰𝘧 𝘺𝘰𝘶 𝘈𝘮𝘦𝘳𝘪𝘤𝘢𝘯𝘴 𝘪𝘴 𝘵𝘩𝘢𝘵 𝘺𝘰𝘶 𝘯𝘦𝘷𝘦𝘳 𝘮𝘢𝘬𝘦 𝘤𝘭𝘦𝘢𝘳-𝘤𝘶𝘵 𝘴𝘵𝘶𝘱𝘪𝘥 𝘮𝘰𝘷𝘦𝘴, 𝘰𝘯𝘭𝘺 𝘤𝘰𝘮𝘱𝘭𝘪𝘤𝘢𝘵𝘦𝘥 𝘴𝘵𝘶𝘱𝘪𝘥 𝘮𝘰𝘷𝘦𝘴 𝘸𝘩𝘪𝘤𝘩 𝘮𝘢𝘬𝘦 𝘵𝘩𝘦 𝘳𝘦𝘴𝘵 𝘰𝘧 𝘶𝘴 𝘸𝘰𝘯𝘥𝘦𝘳 𝘢𝘵 𝘵𝘩𝘦 𝘱𝘰𝘴𝘴𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘵𝘩𝘢𝘵 𝘸𝘦 𝘮𝘪𝘨𝘩𝘵 𝘣𝘦 𝘮𝘪𝘴𝘴𝘪𝘯𝘨 𝘴𝘰𝘮𝘦𝘵𝘩𝘪𝘯𝘨.”
This is where the war will be won or lost – in the economics of destruction. The banks are giving dollars away at 2-3% her and 15% there. A huge investment Win-lose all the way. Who do you think will pay back on bonds?
Why? Who benefits? We certainly don’t. The Ukrainians certainly don’t. Russians, Iranians, Chinese and Indians don’t. Oh…. That who. What do we do until election time?
The sum total of US buffoonery is coming home to roost. Now, they are back-pedaling by asking Iran and Venezuela for oil, after tormenting these states economically for years. Hope these two play hard-ball with uncle scam.
You get it.
MMT will help Russia
” Sound finance” is part of the West geopolitical foreign policy always has been. The IMF and World bank which are really operating out of cupboards in the Pentagon. Use ” Sound finance ” to destabilise countries, cause a crises so the Hedge funds can move in.
The government has run out of money.
Deficits will drive up interest rates.
Deficits will cause hyperinflation.
Deficits will rack up unsustainable debts on our grandchildren.
Bond markets will punish governments who run continuous deficits.
Deficits undermine growth because the private sector thwarts their intent by increasing saving to pay for higher implied taxes in the future.
Direct job creation creates unreal jobs that are worthless.
A Job Guarantee would undermine the capacity of private employers to attract labour and drive down productivity.
The list goes on.
All ” Sound finance” myths of course. As any real data graph shows and as Japan and China has shown for 3 decades.
What the ” Sound finance” brigade want you to do is…..
a) Borrow in a foreign currency
b) Slash deficits so that unelected technocratic bankers control the money supply and they allocate the skills and real resources. Turn the public sector into a rent extracting monopoly.
c) Then the bankers clamour for a balanced budget, saying, “We don’t want the government to fund public infrastructure. We want it to be privatised in a way that will generate profits for the new owners, along with interest for the bondholders and the banks that fund it; and also, management fees. Most of all, the privatised enterprises should generate capital gains for the stockholders as they jack up prices for public services.”
d) Raise interest rates to fight inflation.
e) Defend the exchange rate using foreign currency reserves.
Destabilise the country.
Just look what they done to Iraq with the Bremer Plan. Paul Bremer was playing straight out of the CIA playbook. What did freedom look like for the Iraqi people?
Prior to US occupation, Iraq had a centrally planned economy. Among other things, it prohibited foreign ownership of Iraqi businesses, ran most large industries as state-owned enterprises, and imposed large tariffs to keep out foreign goods. After the 2003 Invasion of Iraq, the Coalition Provisional Authority quickly began issuing many binding orders privatizing Iraq’s economy and opening it up to foreign investment.
Economic reform was implemented alongside reform of government institutions, the Iraqi legal system, and significant international investment to repair or replace damaged infrastructure of Iraq.
Order 39 laid out the framework for full privatization in Iraq, except for “primary extraction and initial processing” of oil, and permitted 100% foreign ownership of Iraqi assets.
CPA Order 39, entitled “Foreign Investment”, provided that “A foreign investor shall be entitled to make foreign investments in Iraq on terms no less favorable than those applicable to an Iraqi investor,” and that “the amount of foreign participation in newly formed or existing business entities in Iraq shall not be limited….” Additionally, the foreign investor “shall be authorized to… transfer abroad without delay all funds associated with its foreign investment, including shares or profits and dividends.
CPA Order 17 granted all foreign contractors operating in Iraq immunity from “Iraqi legal process,” effectively granting immunity from any kind of suit, civil or criminal, for actions the contractors engaged in within Iraq.
CPA Order 12, amended by Order 54, suspended all tariffs, thus removing the advantage that domestic Iraqi producers had over foreign producers.
CPA Order 49 provided a tax cut for corporations operating within Iraq. It reduced the rate from a maximum of 40% to a maximum of 15% on income. Corporations working with the CPA were exempted from owing any tax.
That’s what freedom under the US looks like.
What does China do now with its three trillion dollars in USD reserves, after Russia has its USD reserves frozen/destroyed, and the country banned from SWIFT?
How does the dragon extract itself from this predicament?
That’s easy peasy. China can expropriate all patents and trademarks, as well as all American assets on Chinese territory.
We obtain the correct view of ‘foreign reserves’, which is the same as the drawer full of loose foreign change you have left over from foreign holidays – technically part of your assets but fundamentally useless in your country which uses a different currency. So they just sit there as interesting baubles.
Foreign reserves amass at central banks precisely because they are useless in domestic terms.
Therefore China can just write them down to zero with an accounting journal and forget about them if it wants. They have lost nothing by doing so because they have infinite capacity in the Reminbi, which is all that matters.
Could Russia crush the US without firing a shot? By demanding their own currency? Triggering a payment panic?
Did the US transform US dollar reserves into a liability, a danger, over the past week?
Is China starting to panic about holding 1 -3 trillion dollars THAT could be rendered worthless with the stroke of a pen, literally overnight?
Could the huge expand of US dominated banks across the world suddenly transform into the greatest financial danger to everyone holding dollars – because of their power to obediently sanction anyone?
Feel free to critique this. I’m seeing a potential disaster unlike any in human history.
Agree. “… potential disaster unlike any in history …” seems quite a probable outcome. A Rothschild had said, in effect, “If I have control over a country’s currency, it does not matter who nominally heads her government”. In a multi-polar world, each pole will have control over its currency. Others have by now learnt well what Rothschild and other bankers have been doing. Political power in the other poles should not allow similar phenomena to occur in their respective poles. They are surely learning a lot from what is happening in the declining but hitherto the biggest pole. Those mistakes must be avoided.
It appears to me that, if the people of the EU are this close to the edge of the cliff, it would be best for each of them to do a “bet the farm” swivel to sovereignty, absolutely ignore their puppet-master across the sea and “pivot” to the east and the Belt & Road Initiative. We have a place out NE of us here called “Head Smashed-in Buffalo Jump”. EUeans should Google it, read it and digest it.
Billy, well said, but you left out something very important, so I’ll fill in the very big blank by asking a question. What is the very first thing that the US does after it invades and conquers a country? The answer follows.
How the US sent $12bn in cash to Iraq. And watched it vanish
Special flights brought in tonnes of banknotes which disappeared into the war zone
“The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.
The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee.
In the year after the invasion of Iraq in 2003 nearly 281 million notes, weighing 363 tonnes, were sent from New York to Baghdad for disbursement to Iraqi ministries and US contractors. Using C-130 planes, the deliveries took place once or twice a month with the biggest of $2,401,600,000 on June 22 2004, six days before the handover.
Details of the shipments have emerged in a memorandum prepared for the meeting of the House committee on oversight and government reform which is examining Iraqi reconstruction. Its chairman, Henry Waxman, a fierce critic of the war, said the way the cash had been handled was mind-boggling. “The numbers are so large that it doesn’t seem possible that they’re true. Who in their right mind would send 363 tonnes of cash into a war zone?”
The memorandum details the casual manner in which the US-led Coalition Provisional Authority disbursed the money, which came from Iraqi oil sales, surplus funds from the UN oil-for-food programme and seized Iraqi assets.
“One CPA official described an environment awash in $100 bills,” the memorandum says. “One contractor received a $2m payment in a duffel bag stuffed with shrink-wrapped bundles of currency. Auditors discovered that the key to a vault was kept in an unsecured backpack.
“They also found that $774,300 in cash had been stolen from one division’s vault. Cash payments were made from the back of a pickup truck, and cash was stored in unguarded sacks in Iraqi ministry offices. One official was given $6.75m in cash, and was ordered to spend it in one week before the interim Iraqi government took control of Iraqi funds.”
The minutes from a May 2004 CPA meeting reveal “a single disbursement of $500m in security funding labelled merely ‘TBD’, meaning ‘to be determined’.”
The memorandum concludes: “Many of the funds appear to have been lost to corruption and waste … thousands of ‘ghost employees’ were receiving pay cheques from Iraqi ministries under the CPA’s control. Some of the funds could have enriched both criminals and insurgents fighting the United States.”
According to Stuart Bowen, the special inspector general for Iraq reconstruction, the $8.8bn funds to Iraqi ministries were disbursed “without assurance the monies were properly used or accounted for”. But, according to the memorandum, “he now believes that the lack of accountability and transparency extended to the entire $20bn expended by the CPA”.
To oversee the expenditure the CPA was supposed to appoint an independent certified public accounting firm. “Instead the CPA hired an obscure consulting firm called North Star Consultants Inc. The firm was so small that it reportedly operates out of a private home in San Diego.” Mr Bowen found that the company “did not perform a review of internal controls as required by the contract”.
However, evidence before the committee suggests that senior American officials were unconcerned about the situation because the billions were not US taxpayers’ money. Paul Bremer, the head of the CPA, reminded the committee that “the subject of today’s hearing is the CPA’s use and accounting for funds belonging to the Iraqi people held in the so-called Development Fund for Iraq. These are not appropriated American funds. They are Iraqi funds. I believe the CPA discharged its responsibilities to manage these Iraqi funds on behalf of the Iraqi people.”
Bremer’s financial adviser, retired Admiral David Oliver, is even more direct. The memorandum quotes an interview with the BBC World Service. Asked what had happened to the $8.8bn he replied: “I have no idea. I can’t tell you whether or not the money went to the right things or didn’t – nor do I actually think it’s important.”
Q: “But the fact is billions of dollars have disappeared without trace.”
Oliver: “Of their money. Billions of dollars of their money, yeah I understand. I’m saying what difference does it make?”
Mr Bremer, whose disbanding of the Iraqi armed forces and de-Ba’athification programme have been blamed as contributing to the present chaos, told the committee: “I acknowledge that I made mistakes and that with the benefit of hindsight, I would have made some decisions differently. Our top priority was to get the economy moving again. The first step was to get money into the hands of the Iraqi people as quickly as possible.”
Millions of civil service families had not received salaries or pensions for months and there was no effective banking system. “It was not a perfect solution,” he said. “Delay might well have exacerbated the nascent insurgency and thereby increased the danger to Americans.” ”
Make sure you click on the link so that you can see a few of the pallets of freshly-printed $100 bills. This is how the US gets complete control over its conquered victims.
Russia was awash in 100 dollar bills in 1996 when I was there.
Yeah I seen that Ishkibbable,
They just get recycled back into the US. Whoever received them in fraudulent payments would have swapped then for US treasuries sitting in FED.
Michael Hudson 101
This whole situation clearly demonstrates who is behind the current Russia conflict (aka western banks controlled from the EU via subsidaries in US) and the need for a serious global monetary reform.
Govts of those countries under the control of EU banks are the Russia haters when the actual people of those countries probably would not be.
This will ultimately bring those Govts down.
This is also – aka Venezuela – about smashing countries with oil so western banks can get hold of it (as was attempted with Mexico a decade ago over its sovereign debt) and now the same racketeers in DC are targeting US oil so their robber-baron friends can try to come it a buy it up for a fraction of its worth under the cover of fake climate change. US Big Oil will also be using the situation to crush the smaller producers and grab their fields and operations.
A similar thing was tried in 1986 when overproduction of North Sea oil drove prices down to $6/bbl and I believe some ME countries colluded with it so western banks to take over oil fields or run OPEC countries into more debt. And they ran both Iran and Iraq into debt by facilitating the Iran-Iraq war for decade. UK Thatcher Govt involved in that scam.
Yes the best way to deal with western banks (run by a elite handful of thieves) and their puppet Govts they control, is for countries to pass laws saying settlement of debts may be made in their own local currencies and if not accepted by the overseas lender the debt is unenforceable and or becomes void after a certain period. Or at least part of the debt and interest.
Because the standard practice of US UK EU banks is to loan money in their currencies then demand repayment in the same thus making those countries a slave to them. This has been done to UKN and countless others and is part of the current conflict there.
These central western banks (owned by private elites not Govts) create loan money out of thin air via journal entries or paper printing they lend out and have done for centuries. The problem has got exponentially worse since the underlings of the system – commercial banks who end up with this new money – their reserve requirements to keep usually 10-20% of cash aside and not loaned out – was in most cases removed in the 1990s. Ending up with a orgy of debt lending and a house of cards in the making. Most readers here reading should all know this.
Such a legal change should not be problem in a real sense because those local currency payments for loans can be used to buy real assets or goods in those countries.
And it would serve to stabilize the entire world, but as we known those elites running things, and their agents like Soros, don’t want stability and every country to have their own currencies but they to create a single world currency totally under their evil control. And this must NEVER happen.
Fortunately Russia and others see the trap in this global agenda.
Look at the EU – the prime goal of the Common Mkt then EEC and EU was to get rid of nation state currencies and look whats has happened in the past decade or so – aka Greece. The UK did not fall for that trap nor has Hungry and other who still have dual money systems.
These western banks have in fact used this pandemic deception to run various underling countries into debt to further their plans. (Canada, Australia and NZ govt debts have jumped substantially since 2019 and it wasnt issued by their CBs).
Given what Pepe has raised about Venezuela, and the fact it needs help, Russia should upgrade its military assistance there and I think that would receive support from countries in South and Central America given the current situation.
I like the Russian foreign debt response and it is the type of trend that should be followed.
But is disagree with Pepe about it being the US who benefits and is directing the EU when it is EU elites who control US policy.
Europe could get some, but probably not all its needs of LNG from Libya via the underwater pipeline to Italy. The Foreign Minister of Italy recently stated so, the problem is how do you get the warring parties to cease and desist, which they won’t.
They will hold the LNG hostage. And also a ‘ torpedo ‘ from a mysterious submarine ( Russian ) doesn’t take out said pipeline.
I don’t see why oil prices are going up.
If anything,the price should be going down since the supply is the same but demand has gone down because the US/EU are not buying.
In the worst case the oil/gas supplied by Russia to EU/US is replaced by other sources and Russia replaces those supplies that replaced Russia supply. So, things should remain the same.
Or, the oil price hike should be limited to US/EU and not the world since it is US/EU that is having problems meeting demand and not the rest of the world.
It is not about Ukraine stupid…
Great reset war, WEF war, nothing else.
Nuland after her speech about bioweapons, wants sanctions from hell…against China/India.
Fitch downgrades l Russia’s Long-Term Foreign Currency Issuer Default Rating, says agency: tass
U.S. Sanctions Can’t Keep China From Buying Russian Oil
While we talk in terms of Nations, such as USA, China etc. the fact is that, there are secondary financial players who manage the large investments in those countries.
As example, Largest assets in Indonesia are all owned and managed by Oligarchs from New York and London.
China also has over 13 trillion dollar investments managed by the Non-State players.
Russian Government is more independent and refuse to allow western companies such as BP and Shell to own and exploit the Russian oil resources.
We tend to avoid talking such realities and instead focus on politics.
To real power players it is not about politics, but just always about money.
Social cohesion torn apart
Oil and gas markets, meanwhile, are in total panic. No Western trader wants to buy Russian gas; and that has nothing to do with Gazprom, which continues to duly supply customers that signed contracts with fixed tariffs, from $100 to $300 (others are paying over $3,000 in the spot market).
as the famous words from Napoleon said, ‘Never interfere with an enemy while he’s in the process of destroying himself.’
majority of the americans will fully support their government destroying countries who can’t militarily stand against them. what a diffrence a ukrainian military action makes?
now that russia is having the upperhand, the american people must feel the pain what a hybrid war means when it hits the mirror and goes back to them.
But but… the following implies that Europeans are, or absolutely stupid, or willing to sacrifice :
“To destroy the European economy means not allowing extra market space for China, blocking the inevitable extra trade which will be a direct consequence of closer exchanges between the EU and the Regional Comprehensive Economic Partnership (RCEP), the world’s biggest trade deal.
The end result will be the US eating European savings for lunch while China expands its middle class to over 500 million people. Russia will do just fine, as Glazyev outlines: sovereign – and self-sufficient.”
I think that it is a strategic error of judgment to belittle your opponent. No Eastern martial artist would ever commit such an error. There are other hypotheses indeed.
Among these I find one is particularly intriguing. What if Western big capital holders, and their servants, are so flipped at the prospect of competing with China’s state capital, that they are willing to take an existential risk that pre-emptively unleashes suffering on their own people, the people of Europe, the people of Ukraine and of Russia …with the hope of ultimately breaking Russia into pieces in order to control its resources which would then allow them to starve China… I would just add that to willingly take such an existential risk the Western biggest capital holders must think that they have already lost at their own game and so what appears as an existential risk would then merely be a last gamble…
If you want to read the more extensive presentation of this hypothesis please check Is the West taking an existential risk to remain the sole tiger on top of the mountain ?
To make matters worse for the Uncle Sam, yesterday Saudi Arabia rejected Biden’s calls for more S.A oil output aimed at oil price hikes reduction. It’s certain now that Saudi Arabia , UAE, Qatar, Kuwait … Venezuela have all reached the conclusion that future is best served alongside Russia, China and Iran Latin America front . They now want to join, the Russia, Iran and China New Opec System calculated in Yuan/Ruble. This is indeed the Tsar Bomba for the global energy. These countries together possess more than 80 percent of the total world reserve to supply consumers in the West including even those in the enemy list – London, Washington, Brussels, Paris …Look forward to watch Biden and BoJo do a little bit of spinning around their own axis like the Rumi whirling dervishes.
5th & 6th columns in Iran are totally going nuts over the recent master strokes by the Russian and Chinese negotiators at JCPOA nuclear talks demanding a written legally binding document that guarantee their cooperation, trades and military assistance, … with Iran. These Western financed dollar grabbers in Iran say Moscow and Beijing are making the nuclear talks fail which is supposedly against Iranian interests.
This puts in front of us a picture of destructive, sociopathic social elements pulling the strings of the western hemisphere.
They are filling their pockets to the bursting at the expense of the ordinary people, and their goal is power to keep themselves in that position indefinitely. They do not want the growth of the economy, on the contrary, their actions destroy the real, productive economy in favor of the paper one, which fills their pockets. They want even more money, the people should have ever less and be at the mercy of any of their whims. They want modern slavery.
One thing they don’t know. They are destroying the social organism they are a part of, and which they made their instrument.
There has been no recorded case of a junkie who died from an overdose, with his brain surviving.
Russian judo, I like that. The sanctions israel’s colonials are imposing on Russia are really sanctions on themselves. And this on top of their stupidity of unleashing a pandemic and economic depression on the world. The oligarchy running the west have seriously lost it. While tying to bring down the Chinese and Russians, israel shot their colonies in the foot and therefore reduced their own parasitical power.
Satan and his soldiers are the enemy.
The Russian-Chinese Economic Cycle is the only thing that can prevent a descent into a medieval-like dark age. The more direct connections to this cycle by Asian, African and Islamic-Arab countries, the better their citizens will fare in this age of soaring prices and the sorry and highly useless states of western Europe.
“company transfers rubles to this account at the current exchange rate, and it’s all perfectly legal.”
Very VERY VERY dangerous!.
IF Russia is nit EXTREMLY CAREFUL with this, they could go straight into a hellhole trap by the west.
Because if the west decides to attack the rubble. And the west is KNOWN to attack currencies all over the world!.
Then that debt could almost over night DOUBLE.
Basicly putting most of russian counterparts into debt and foreclsure!!.
So the law needs to be VERY EXTREMLY carefully worded.
Laat time in 2014, the rubble halfed in value compared to dollar.
That worked into Russias favour, as Russia is one of few countries that have/had a big net exporter (not debtridden like most countries).
But if now the russians cant get enough dollar, and therefor have to pay in rubbles… then any attack on the rubble currency would result in DISASTER of another proposition.
And this could be the Goldcard that the west actually wants Russia to fall into.
Currency debttraps is the most powerfull weapon which west uses thrpugh history. And with great results for the west.
So Russia NEEDS to be warned.
We can ASSUME they have made security system against those traps.
But we are talking about a VERY powerful western zionistsyat that live by such attacks in daily life.
So IF Russia has not taken EVERY precautions, that could actually have tidlewave of disaster for russia.