The Russian Ruble Drop
These are my preliminary notes on the Russian ruble drop, since many people have asked me to address this developing situation. I am also getting questions regarding the oil price drop, OPEC actions and US involvement. I will either do a couple of articles, or possibly a donation-based Earth Shift Report on these topics, as they seem to be on everyone’s minds. Below are some of my preview thoughts on the subject of the Russian ruble drop.
Referenced is the latest Dr. Paul Craig Roberts’ (PCR) interview with Greg Hunter’s USA Watchdog. Here is the complete interview: Paul Craig Roberts-US Government Most Corrupt on Earth. Quote: “No need for economics if US can rig everything.” I understood this 10 years ago, when I left my financial consultant position at Smith Barney/Citigroup.
PCR is discussing the ruble drop from his standpoint as top American economist and former U.S. Asst. Treasury Secretary in charge of domestic economy. PCR is a rare wise man among American economists and I always recommend my readers pay attention to his point of view; the link to his site is on my Resources page. PCR points out correctly that it is most likely the US government/FED, or a combination of the FED/US govt + hedge funds/Soros that has attacked the Russian ruble. My bet is on the latter combo. He also has some other most interesting insights into how the US government and hedge funds rig the markets.
PCR is also spot on regarding the fact that both Russian and Chinese government economic blocks are infested with neo-liberal, Western trained economists. This is what is dragging down and keeping back both Russian and Chinese economies. Russians in particular still adhere to a very harmful notion that they must have foreign investment to properly develop the economy. This is vestige of the Yeltsin era, the oligarchs that represented the interests of Western cartels, Rothschilds and others, as well as those Western advisors who screwed up Russian economy in the ’90s. There are more reasons, which I’ll discuss in future article.
PCR also correctly points out that when currency is fully convertible and tradeable, as Russin ruble is, the world reserve currency master (US) can do anything they want with that currency. This puts Russia at a huge disadvantage to the US and West in general. China is in a somewhat more protected position, but not for long. This folds very nicely into the topics I really need (a mental note) to discuss, such as the new monetary system and nationalization of the ruble.
Having been following closely the Russian press, political and economic analysis on various levels, as well as the Russian government and voice of the people, I will add this:
1. Both Russian (Chinese too) leaderships and people are sick and tired of the neo-liberals in power on the economic front;
2. The reason they are still there is because there is no alternative; in other words, you have to develop your own alternative concept and grow your own economists. Any science, including economics, is a system, which takes time to develop, test and implement.
3. Another reason is of course non-stop pressure and THREAT BY THE US/UK/WEST IN GENERAL on Russian and Chinese economies not to change.
Greg Hunter pressures PCR to say whether what US is doing is in fact an act of war against Russia. PCR admits (I respect his meticulous honesty) he doesn’t know whether and how this pressure on the ruble influences Russian economy, whether it has any effect or not.
Well, I do – and I plan to analyze all this in the future article(s).
Question for readers: Are you interested to hear more on these topics? Please indicate your interest by posting your comments:
Topic #1: Russian ruble and neo-liberal infestation of the Russian (and Chinese) economy.
Topic #2: What is behind the oil price drop/why OPEC acts this way/how Russia, US, UK and other countries are influenced by the oil price drop. I also have some predictions.
As an aside, I also received a question about the dire outlook by Evgeny Fedorov (ref: reader-posted video w. French subs in comments). I’ll touch upon that as well.
Dear readers, the more interest I get from you the better.
P.S. Incidentally, I hope you also take a good listen to my latest 2-part interview with TimeMonkRadio, Part 1 of which is posted here: Lada Ray Interview with TimeMonkRadio: 3D, 4D, 5D, raising consciousness and Earth Karma. Part 2 will come out next week. Even though the subject may seem different from the geopolitical and predictionary themes we usually cover on this blog, I assure you that they are closely related. Don’t be discouraged if at first it seems difficult to understand, although I made a huge effort to make it easily digestible. What we discuss in the interview offers a deeper understanding of our world and potential solutions on how to fix global problems, if people care to listen. For this interview we are offering an opportunity for the audience to ask questions – we are planning a follow-up show where the most interesting questions may be answered. Likes and comments are also very much appreciated both on the blog and YouTube.
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