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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25/06/14. #Donbass, eastern Ukraine: #Donetsk and #Lugansk Republics’ deputies just voted unanimously for the unification, creating a Soyuz (union) of the Lugansk and Donetsk People’s Republics. The new unified state will share unified economy, finance and defence. Earlier, Donetsk and Lugansk announced that along with Ukrainian grivna, the official currency circulating on their territory is Russian ruble.
The unified constitution is planned. The unified Sovet (council) will be created, with each republic represented by 30 delegates. This council will deal with common social, defence and economic issues.
Another bit of news is the officially announced kidnapping by Kiev authorities of one of the Donetsk officials – a personal advisor to the head of the Donetsk Republic. Kiev announced this news as one of their accomplishments. At least 25 people disappeared without a trace in Donetsk just recently. The question is: What happened to the ceasefire which is supposed to be on until June 27? Kidnapping is incongruent with ceasefire.
Ukraine oligarch Kolomoysky, who treats the city of Dnepropetrovsk as his fiefdom and who wants to add three more regions to this self-proclaimed fiefdom, announced that his troops won’t observe ceasefire. Kolomoysky finances his own private mercenary army, which is responsible for shooting and bombing people of eastern Ukraine. There are also known foreign mercenaries from Poland, Lithuania, other EU countries and US, who also are engaged in killing people despite official ceasefire. All these mercenaries are not interested in sitting there idly as they are only paid for the days they “work.” They were hired to kill people – it’s that simple. It seems evident “president” Poroshenko and Kiev do not control the situation in the country.
Here is some interesting statistics. As of 2013, the population of Ukraine was officially 45 million. Out of these, 9 million were living and working as guest workers abroad. 6 million – presently more – of these 9 million were working and living in Russia. After Crimea’s secession, population of Ukraine fell by 2 million.
With secession of Donbass, it fell by another 7 million. Population of the Donetsk oblast, now Donetsk Republic, is over 4 million; Lugansk oblast, now Lugansk Republic – 2.7 million.
Russia officially admits to 600,000 refugees from all over Ukraine since the beginning of this year. In fact, the number is double that, as many didn’t claim refugee status, living of their friends and relatives. Some Ukrainians also left to other countries of Europe. What is the real population of Ukraine today? No one knows, but it appears to be 25-27 million, and falling.
Industrial Donbass, in other words, Lugansk and Donetsk regions, were responsible for 30% of Ukraine’s GDP. In addition to the falling economy, currency and standard of living due to the Kiev maidan turmoil and continuing sabotage of the economy, Ukraine has also lost a huge chunk of GDP due to the loss of Donbass and Crimea. In fact, Ukraine is officially bankrupt, and the IMF loans are only going to put it deeper in a debt hole.
The crazy actions of the Kiev junta government and their allies only aggravate the situation further. But then we all know, the Kiev junta doesn’t have the best interests of its people at heart.
See related video, which includes interesting Lugansk and Donetsk cities’ footage. Объединение ДНР и ЛНР 25 06 2014