Some things never change:
“Until a few months ago everyone said that they could not believe how friendly relations had become between the former Cold War antagonists. Now NATO’s expansion to Russia’s border has raised the fear in Moscow that the West is intent on strangling Russia. ”
“What went wrong? Russia has suffered from inflated expectations of a Russian-American condominium. Russia has been slow-to realize that its loss of status may be permanent. It is not just that the ruble has been devalued: Russia has been devalued. The challenge for the West is to manage not just Russia’s weakness but also its own strength. ”
Bilderberg Papers 1999
The most important battlefield of this conflict – The War With the Russia’s Central Bank
Why the leaders of Tatarstan industries want to declare a war on Central bank?
Почему промышленники Татарстана хотят объявить «войну» Центробанку (02.06.2015) [Source]
“The heads of the large industries and enterprises of Tatarstan propose to declare “war” on the Ministry of Finance and the Central Bank of Russia – before their monetary policy destroy all industries in the country. The country is experiencing the catastrophic shortage of monetary liquidity. Directors of many companies ask the Central Bank to print 1.5 trillion rubles and stop “killing” the industry.
Head of the analytical Department of “KAMAZ” Boris Morozov said that if in near future the monetary policy in Russia doesn’t change, economy will just “die”.
Industries produce and operate when the country has cash money for creadits. Our compatriot (Elvira Nabiullina, the head of the Central Bank – ed.) staged a “minus” money for the country. And now, no matter how much we try, the economy is dying… We sent Kogogin to the Central Bank , they promised him 600 billion rubles and asked, what else do you want from us? It crumbs. For every 1% GDP growth we need money supply to grow +6, or +8. Now, it’s – 3.
If we won’t rise as a united people’s front and won’t go to war with the Ministry of Finance and banks, we all will be dead, ” – said analytic JSC “KAMAZ”.
Мы сдохнем, если не встанем народным фронтом на войну с министерством финансов и банками, они страну угробят “, – уверен анатитик ОАО “Камаз”.
Vitaly Tretyakov: The radical privatization of the Soviet industries during the 90s was socially unfair and left the majority of the Russia’s population out. We need to give to every citizen of Russia a share of the country’s natural resources [Source]
Виталий Третьяков: Нужно отдать каждому гражданину России часть национальных природных богатств (16.06.2015)
“Stagflation that Russia finds itself after several years of growth leads to the intensification of discussions about the need to change economic policies of the country. In parallel to this we see the actual rejection of number of economic reforms proposed by liberals. This happens, for example, with the pension reform. Officially it’s recognized as failed. Liberal economists, who are in power in Russia right now, offer, as palliative, to raise the retirement age. ”
Tretyakov says that pro-Washington liberals like Ulyukaev, the Minister of Economic Development of the Russian Federation appointed by Medvedev and Nabiullina, the head of the Central Bank, want Russia to keep following the liberal economic Messiahs across wilderness for another 50 years. All these after 25 years that Russia has already walked.
He says also that in modern Russia the ruling class concentrates ownership of industries, natural resources, and legislative powers, leaving society completely unprotected from ongoing predatory extraction of profits out of the country.
According to Russia’s Constitution, natural resources are the state’s property, and by definition equality belong to all and every citizen of Russia.
In his article he explains his idea of how to make society fair for everybody by giving to every citizen of Russia a “golden basket” of monetary equivalent of 1 unit of natural resources (water, oil, gas, diamonds, gold, wood, metals etc.) that is set to increase every year and would be redeemable, but not transferable abroad.
Along with the calls for social justice and equality in sharing the country’s wealth as a way to improve and modernize economy, there are calls to replace some of the sanctioned Western loans with Islamic banking.
Russian Muslim population is about 20 million people. Among the members of the EEU there are about 75 million Muslims. So, there is a broad customer base for Islamic banking. The Central bank of Russia still hasn’t issued licenses for the Islamic banks on the territory of Russia due to the ban for such banking model on the territory of Russia that was adopted back in the 90s. Duma, the Parliament of Russia has received the project of a law that would make this model of banking legal. [Source]
“Russia’s biggest competitor in the quest to attract halal money will be United Kingdom, Europe’s biggest center for Islamic finance with 19 billion pound sterling (GBP) of reported sharia-compliant assets.”
At the KasanSummit 2015, 800 representatives from 46 countries discussed the implementation of the Islam banking and investments in Russia. So far, Islam based banks invested $1 billion into the development of the Smart City.
Since the West was so kind to cut off its finance noose, the other types of money are coming in to Russia.
Kazan Summit 2015 opens in Kazan, Russia [Source]
KazanSummit is one of the leading international economic events of the Russian Federation and the Organization of Islamic Cooperation (OIC).
ISLAMIC FINANCE FOR CONSTRUCTIVE GLOBAL TRADE AND INVESTMENT is the main theme of the VII International economic summit of Russia and members countries of the Organisation of Islamic Cooperation (OIC) – KazanSummit 2015, which will be held on June 15-16th in the third capital city of Russia – Kazan. Islamic finance industry showing a high growth rate of the global financial sector acts as an economic tool for the development of trade, attraction of investment and effective collaboration between Russia and countries of the Islamic world.
Tatarstan signs a social doctrine of the Russia’s Muslims [Source]
President of the Islamic Development Bank (IDB) and president of the Russia’s Central bank met in Moscow on Monday [Source]
В Москве прошла встреча председателя Центробанка РФ и президента Исламского банка развития Версия для печати 15 Июня 2015,22:37
Also, the President of the Islamic Development Group offered Russia his plan for development of the Islamic finances [Source]
Introduction of the Islamic banking into the Russian economy might put a huge dent in the monopoly of the Washington backed Central bank.
At the IV World Congress of Russian Press Medevedev said that regardless of the further sanctions and actions of the Western countries, Russia will continue moving East developing relations with non-confrontational countries.
The 17th World Congress of Russian Press [Source]
XVII Всемирного конгресса русской прессы в Москве
Valentine Kasatonov: By writing off by writing off debts of foreign countries to Russia, we steal from ourselves [Source]
Валентин Катасонов: О прощении, которое хуже воровства (13.06.2015)
Prof. Valentin Katasonov (D.Sc. (Economics) is an economist and the chairman of the S.F. Sharapov Russian Economic Society
Russian Central Bank Forecasts Unemployment to Reach 6.5% by End of 2015 [Source]
This time, the US Treasury Secretary Jacob Lew said the objective is “to bring the Russian economy to a standstill through a large and broad-based deterioration of Russian financial assets; capital flight that already exceeds all of last year; and a significant increase in Russian borrowing costs.” [source]
The Russian banking system has been hijacked by the Fed
Valentin Katasonov, MGIMO professor, head of Russian Economic Society, editor-in-chief of “Our Business” (“Наше дело”)
German Gref’s Sanctions Against Russia
Who controls the banking system of Russia?
” our government is not in a position to exercise “effective control” of the activities of Russian banks. ”
It has reached an unprecedented level of hypocrisy for Russia’s Central bank to “predict” calamities for economy in a recession that CB is orchestrating.
Today even some US states are heading toward the door and away from the Federal Reserve bank.
Texas Governor Greg Abbott signed a bill into law on Friday, June 12, that will allow Texas to build a gold and silver bullion depository. In addition, Texas will repatriate $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed. [Source]
In Taxes they claim that the state laws are superior to any other law.
Look now at Russia. It’s Constitution adopted during 90s says that foreign laws are priority and superior to any domestic laws. Russia is not a sovereign country. According to the Russia’s Constitution Russia is “a part of world community. ” It’s means it’s not a sovereign nation.
Russia is beginning to break the chains of its vassal constitution [Source] to remove provisions on the priority of international law over national legislation, as well as a ban on state ideology. [Source]
There is, however, a new different economic model that works for Russia very well. One example is Belgorod Region.
One of Russia’s fastest developing regions: Belgorod region
Recently, the Governor of the Belgorod oblast Evgeniy Savchenko reported on an economic development of his oblast in 2014. Belgorod oblast has been working with a group of prominent Russia academic economists with Sergey Glaziyev. [Source]
“Despite the difficult macroeconomic situation, last year we achieved a stable socio-economic development of the region. The index of industrial production compared with 2013 was 101.2%. The gross regional product reached 604 billion, which is 2.2% above the 2013 level. In recalculation per capita is almost 400 thousand rubles. By the way, we are third in the Central Federal district of Russia after Moscow and the Moscow region.”
Due to certain geopolitical and macroeconomic reasons our country has found itself in the new political and economic realities, which, on the one hand, while continuing the current monetary economic model will lead to further stagnation of the economy, and on the other hand, opens up space to implement new economic prospects. Anti-crisis measures proposed by the Government of the Russian Federation, are significant, but, unfortunately, do not change the existing economic model. A considerable role is played by the support of the banks, not the real economy. Banks, indeed, are the lifeblood of the economy, however, 25-30% interest rate banks take from the circulatory system turns the banks into the blood-sucking system of our economy.”
More Russia’s news in brief
1. Russian President Vladimir Putin delivers a speech at the opening of Army-2015 Exhibition [Source]
2. What Putin and Erdogan discussed in Baku [Source]
3. What Putin and Finland’s Niinisto discussed in Novo-Ogorevo [Source]
4. Putin and Finnish president call for strict implementation of Ukraine peace deals [Source]
5. Russian Deputy Foreign Minister Alexey Meshkov: Western threats of more sanctions prove they are not linked to Ukraine crisis [Source]
6. Sevastopol is 232 years old. beautiful photos [Source]
7. Sevastopol and horses [Source]
Donbass Donetsk Novorossia SITREP
1. Compare Soldier’s free time – NAF in Donetsk / Marinka and Red Army in WWII [Source]
2. the Trilateral Contact Group is scheduled to start at 13:00 on Tuesday, June, 16, 2015 in Minsk, Belarus [Source]
Начало работы подгрупп Контактной группы запланировано на 13.00 вторника, 16 июня – Дейнего
June, 15, 2015 the Lugansk People’s Republic
Today Vladislav Deinego, the Luhansk republic’s envoy to the Trilateral Contact Group on Ukraine Crisis, told the Luhansk Information Center news agency that the meetings of participants in subgroups, that work according to Minsk Protocol in parallel with the Trilateral Contact Group, scheduled to start at 13:00 on Tuesday, June, 16, 2015 in Minsk, Belarus
He also said that these meetings of the working groups, once completed, would be followed by discussions between representatives of the Trilateral Contact Group, that includes senior representatives from Ukraine, Russia and the Organization for Security and Cooperation in Europe (OSCE)
Deinego also added that the representatives of the LPR/DPR are planning to start the discussion on the proposed amendments to the Constitution of Ukraine during the meeting on June,16, 2015.
3. Lugansk Republic Trade Union Federation accepted into the International Trade Union Confederation [Source]
4. Compare summer 2014 and 2015 Krasnodon town hospital is 90% rebuilt [Source]
5. Cyprus sends humanitarian aid to eastern Ukraine [Source]
June 17, 15:16 UTC+3 – Clothes, food, hygienic stuff with an overall weight of 12 tons were delivered
6. More than 1.5 thousand people went missing in Donbass since January 1, 2015 [Source]
7. Ukrainian army has violated the ceasefire regime 7 times in the last 24 hours [Source]
17th of June, 2015. Donetsk People’s Republic, Novorossiya.
Ukrainian army has violated the ceasefire regime 7 times in the last 24 hours, Executive Commander of Corps of the DPR Defense Ministry Eduard Basurin told the Donetsk News Agency.
“Over the past 24 hours, we have recorded 7 ceasefire violations by the Ukrainian side. Kiev forces fired two 82-mm mortars, small arms and grenade launchers on the territory of the Republic. One of the mines hit the warehouse of Donetsk state factory of chemical products. Ukrainian forces shelled Donetsk (the territory of the airport, and Kuibyshevsky district), Gorlovka, Spartak, Krasniy Partizan, Sanzharovka. Information on the casualties among the civilians and the DPR fighters is being specified,” – Basurin said.
8. Another explosion in the area of the chemical plant in Donetsk. There was a powerful shock wave that could be felt even in the center of the city. People living in the northern part could witness a column of smoke. [Source]
9. Aleksandr Zakharchenko – On love, death, war and life June 16, 2015
Exclusive interview of the Head of the Donetsk People’s Republic for “Ukraina.ru” internet resource [Source]
Russia North Caucasus Analysis by the Western think tank
When they say that something is taking place, it means they are trying to make this happen. I would take their “analysis” as the US plans.
1. Dagestan Begins to Reverse Its Relatively Tolerant Policy Toward Salafism [Source]
2. Salafist-Sufi Tensions Threaten Greater Instability in North Caucasus [Source]
3. Ichkeria Salafi terrorists as part of Ukraine’s junta battalions (note flags) [Source]
Ukraine SITREP
Ukraine right now is the biggest nuclear threat…
Mesajde Mekille pe 15 Iun 2015, 14:57
Ukraine right now is the biggest nuclear threat for the whole planet!
Corruption at all levels of power in Kyiv – the biggest challenge to Europe’s security and safety of the whole world! [Source]
George Kobzaru: Is Ukraine the place to forge nuclear Armageddon? [Source]
“21 years have passed since the moment Ukraine together with the USA and Russia signed the trilateral declaration on refusal from possession of nuclear arsenal inherited after the USSR collapse and considered the world’s third largest nuclear arsenal in the world at that moment.
Meanwhile, the scientific base, theoretical researches, relevant enterprises and organizations as well as scientists are still at the disposal of Kyiv still willing to employ them all to restore the status of a nuclear state, once it makes such a decision. Back into 2009, president Yushchenko amid worsening of relations with Moscow was set to bring to active service up to 20 tactical nuclear warheads. By no doubts, under the current extremely tense situation and armed hostilities in South-Eastern Ukraine going on for more than a year, the issue of reviving nuclear abilities is included into Kyiv’s current agenda.
Washington, Brussels and Berlin are well in the know about the steps of the Ukraine targeted at restoration of its nuclear arsenal. The letter by Peter Altmaier, Head of the Federal Chancellery and Federal Minister for Special Tasks, to Gen. Philip M. Breedlove, Commander of the NATO Armed Forces in Europe, confirms the fact. “
“According to the letter by Altmaier, the senior officials of the EU and NATO are fully aware of the threat of nuclear weapons emerging in possession of Kyiv. Still they are ready to pacify themselves with it to get some additional ‘power leverage’ in the region. In fact, Altmaier and Breedlove representing the EU and NATO structures don’t care a bit about the safety of ordinary Europeans who may face real nuclear threat due to present political gambling.”
A year ago Kiev Junta announced that they need 12 to 16 months to make their own. This letter shows that Ukro-fascists are getting close to getting a nuclear bomb.
Controlled, safe, ecologically clean industrial fires become staple of liberated Ukraine
Looks like patriots are burning Ukraine to make Putin to keep his hands off of it.
Plastics manufacturer fire [Source]
Kiev oil refinery fire costs $48 million and counting [Source]
Ukraine fires as seen from space [Source]
Fires in Chernobyl contaminated zones are absolutely safe [Source]
Kiev oil-refinery fire [Source]
Forest fires in Ukraine [Source]
Terrible Fire at Roof of 5-Floors House, Darnitsa, Kyiv Ukraine 14.06.2015 [Source]
Poverty is fighting an oil fire with water
When asked why the firefighters were fighting an oil fire with water, instead of powder based fire retardants, one of the officers gave this chilling response: “all the powder and foam funds were spent putting out fires on Euromaiden.” That was a year and a half ago!
On the 14th of June, in Kiev, an apartment building fire resulted in the entire complex burning to the ground, because the fire departments lack the resources to fight such a blaze. To fight any blaze.
Valentina Lisitsa retweeted this comment
concerning a horrendous consequence of the Kiev fire.
Lisitsa has also been pointing out, that of all the nations on the planet, including EU and even neighboring Poland, ONLY RUSSIA has offered concrete assistance to Ukraine, in terms of their expertise and specialized equipment in fighting oil fires. An offer which Kiev has ignored, preferring to burn rather than swallow their pride.
Anyhow, this is the comment in question, by someone named Nikolai Petrov, concerning a fire-related occurrence in the Kiev neighborhood of Troeshchina:
“After Kiev found itself in a ring of fire, finally some refreshing moisture: In Troeshchina area, a (sewer) pipe busted. A fountain of shit achieved a height of 25 meters. I simply cannot imagine what further hints can God make?”
Scott: I don’t believe that all those fires and sewage explosions are the signs of collapse. Ukrainians are just being Ukrainians. They always were like this. There was an unspoken division of labor between Russians and Ukrainians back in Soviet times, Ukrainians would steal pipes, parts, and equipment, or smoke next to oil and gas tanks, and Russians would rush and fix water leaks, and put out fires.
Just remember Chernobyl screw-up. Ukrainians engineers ran the reactor to the ground and Russians came to fix and clean up. None of this is out of the ordinary. Ukrainians don’t care when somebody is being killed, if it doesn’t affect them personally. They are very individualistic people, they don’t see themselves as a part of society. Individualism for an average Ukrainian is above everything else. They only act in their personal interest with no regard to any kind of common good.
Poroshenko about Minsk-2: Decentralizations has nothing to do with the federalization. Ukraine is and will be Unitarian (sic) state.
An ex-president of a country that shoots zoo animals talks about a country that starves its zoo animals to death.
Ukraine has sunk into such poverty that it will take 20 years to reach the level of 2013, if the country develops in favorable conditions, Odessa region governor Mikheil Saaksshvili said, local Timer reported Sunday.
“Now Ukraine is the poorest country in Europe. If the collapse of the economy suddenly stops, and Ukraine develops by four percent annually, we will reach the level of 2013 in 20 years,” the former Georgian president said.
“Only in 20 years will we return to the figures of Yanukovych’s Ukraine,” he concluded.
Bravo Europe and the US, all those great white nations of the West, a “community of values.” Finally, you have achieved something you can be proud of.
EU Disburses $20Mln for New Nuclear Waste Repository in Chernobyl [Source]
EU has allocated around 17.6 million euro for the construction of a new nuclear waste repository at Chernobyl Nuclear Power Plant.
New Heroes of European Ukraine: 18yo raped a young girl near Lugansk, killed an old lady [Source]
The US conducting around the clock a 48-hour non-stop training of the Kiev Junta’s military [Source]
Moscow Times: US Ambassador to Ukraine urges boycott on top Russian economic forum [Source]
St. Petersburg International Economic Forum attracts thousands of businessmen, economists and politicians
Poroshenko labelled a ‘bribe’ a USD $3 bn Russian loan Ukraine in 2013 [Source]
Medvedev: If Russia’s loan to Ukraine is “bribe” than IMF loans to Ukraine is the large scale embezzlement [Source]
Kremlin wants Kiev to say whether it considers itself legal successor to former government [Source]
“When we hear such statements [by Ukrainian President Petro Poroshenko], first of all we want to know whether the current authorities denounce their liabilities, of which we are most concerned about their financial liabilities,” Peskov told journalists, commenting on Poroshenko’s pronouncements that the Russian three-billion-dollar loan to Ukraine was a “bribe” to former head of state Viktor Yanukovich for his abandoning association with the European Union.
“Viktor Yanukovich, who was Ukraine’s president at that time [in 2013] was toppled in an illegal and anti-constitutional state coup,” Peskov noted. “So far, we have no answer to the question [about legal succession]. Frankly speaking, I find it difficult to say whether Poroshenko’s words could be taken as an answer to that question.”
“If we speak about the legitimacy of Ukraine’s authorities, the question is whether their challenge Ukraine’s legal succession as a state, or, in other words, whether they challenge Ukraine’s international liabilities,” he said.”
Georgia
The Tragedy of Flooded Tbilisi Zoo [Source]
Why are those third world colonies of the West are allowed to have ZOOs? Don’t you have to become civilized before you keep an innocent animal in a cage and then kill it? Don’t you have to get out of your cage first? They can’t take care of their own people. 12 people died in a flood, but the Western media talks only about the Zoo animals. That tells me that gruzínski (Georgians) are lower than animals for the Western audience.
Russia seems to be the only country to offer help to Georgia with the aftermath of the flooding.
China
1. The Asian Infrastructure and Investment Bank AIIB is up and running [Source]
“The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank (MDB) conceived for the 21st century,” it says on the website. It will fund infrastructure projects primarily in Asia.
The United States sees the bank as a rival to the U.S.-led World Bank and the International Monetary Fund. China managed to get 57 countries onboard, including European allies. The biggest contributors: China $29.8 billion, India $8.4 billion, and Russia $6.5 billion, and Germany $4.5 billion.
Exclusive – China to extend economic diplomacy to EU infrastructure fund [Source]
China will pledge a multi-billion dollar investment in Europe’s new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters – Beijing’s latest round of chequebook diplomacy to win greater influence….
It is expected to come with a request for return investment in China’s westward infrastructure drive – the “One Belt, One Road” initiative – constructing major energy and communications links across Central, West and South Asia to as far as Greece.
“China announced that it would make (X amount) available for co-financing strategic investment of common interest across the EU,” the draft final statement says, adding that agreements will be finalised at another meeting in September.
An EU diplomat said the Chinese contribution was likely to be “in the billions”. ..
In return for its investment, China wants a quid pro quo with Europe, whereby European companies and governments would take a greater interest in President Xi Jinping’s “One Belt, One Road” initiative….
2. Chinese special forces arrive to Belarus for drill [Source] [Source]
3. China Mocks G7 As “Gathering Of Debtors”, Warns “Confrontation Will Be A Disaster For Europe” [Source]
4. China Dumps Record $120 Billion In US Treasuries In Two Month Via Belgium [Source]
The US NATO and EU continue to amass troops and arms on the Russia’s eastern borders in Baltic, while having massive multi-member countries drills in the Black Sea and Balkans
U.S. Is Poised to Put Heavy Weaponry in Eastern Europe
By ERIC SCHMITT and STEVEN LEE MYERSJUNE 13, 2015
The Pentagon is accumulating battle tanks, infantry fighting vehicles and other heavy weapons for as many as 5,000 American troops in several Baltic and Eastern European countries, since the fascists regime change in Kiev, Ukraine and the facilitation of the Civil War in Ukraine directed against Russian Ukrainians, which constitute about 50%of the population of Ukraine.
For the record, Russia’s military power is about 10x time less than the US, NATO and EU combined.
Germany must accept NATO bases in Poland – president-elect’s aide [Source]
Germany says establishing NATO military bases in former communist countries in eastern Europe would violate a 1997 NATO agreement with Russia.
Why?
Because…
From the first rate hike by a Fed whose balance sheet as a % of GDP was nearly identical to the current one, to the start of World War II: less than three years. [Source]
German point of view of the real Reason For The US’s Backing of Ukrainian Nazis
Same old, same old… Brzezinski bla, bla, bla… Turning Russia into an Asian empire? Why everyone is so fascinated with his book? What Asia has become today, it’s not what he envisioned it back in the 20 century.
Last, But Not Least...
Lords of the EU Ring
All familiar faces… English subtitles
well Zbig was disingenuous with his ‘without ukraine russia is no longer this or that’ nonsense. just an excuse to get US policy to pursue his personal/family/national anti-russian crusade
Great sitrep Scott – loads to think about.
On the economic theme:
http://www.zerohedge.com/news/2015-06-17/greek-debt-committee-just-declared-all-debt-illegal-illegitimate-and-odious
Re Ziggy Braindust
He’s always been a political operator for Rothschild interests, like Soros.
Re Last item
Fab video – really enjoyed it. Those ‘familiar faces’ are straight out of Central Casting ..:)
Odious is good, but whether or not the money isn’t there and the questions is :Do you want me to owe it to you, cheat you out of it, or just reneg?”. It’s called ‘reality’, or ‘you can’t get blood out of a stone’.
The odious thing is a legal thing, but the whole idea of money, debt, ownership, and such is legal and is manipulated by those with power, sometimes financial power, sometimes military or other power. Got nothing to do with justice or morality because these were never the driving concerns behind these laws or procedures — that was all about big profits and exploiting people, and ‘odious’ is just a legal term for recognizing to some degree that underlying reality.
When conventions of law and ethics are thrown out by fascists then all bets are off.
A great example of the kind of ‘Western Values’ Canadian tax-payers have to support:
https://www.lifesitenews.com/news/toronto-hosting-orgy-for-the-disabled-this-summer-courtesy-of-canadian-taxp
Can’t for the life of me understand why the Russians don’t want them../sarcasm
Dear Scott,
Thank you.
Why do people still quote that Brzezinski tosh!
The Russian Govt. really needs to focus on finace and the economy sooner rather than later…..just seen that Belgium is freezing Russian assets due to Yukos case – utter thievery!
Rgds,
Veritas
Russia must nationalize the ruble to stop being economically controlled by the IMF & the Federal Reserve. The whole world must break free from the IMF (Washington Consensus). So long as Russia allows the amount of credit or rubles she issues to be determined by the quantity of dollars she earns she will be weak. And so vulnerable that it surprises me that the US hasn’t yet gone all-out to destroy her economy.
MONEY will solve Russia’s industrialization problem and allow her military to grow faster. But her money supply is being controlled by the IMF system. Her central bank is independent of the Russian govt. And is actually acting like an enemy.
Perhaps the slow approach by the US is that the main effort has been to win over the elite, and to try to convince them that they can have great lives if a return to some form of Yeltsin without the total collapse is instituted. Medvedev can stay on as the hard-liner. If the West hit the Russian economy hard enough, Putin et al. would have no choice but to expel the fifth columnists and try a new system.
So far, no palace coup is in sight. This presumably means that the heat has to be raised on many fronts. But, just as Putin has wanted to avoid drastic measures, so, too, the West is hesitant for similar reasons.
What do you think the odds are of dramatic changes? I seem to recall Federov saying he expected the changes when the food riots were in Moscow.
Paul II, Good analysis. You’re probably right. The West is probably using a “boiling frogs” approach to slowly take Russia’s economy down.
It frustrates me that most alternative media even on the net fail to understand or emphasize the importance of the way the entire world’s development is controlled by the IMF system through inhibition of their money & credit supply.
Youre wrong. The current governor Nabiullina of the RCB is a genious in fiscal and monetary policy. You all claim that the RCB is somehow colluding with the FED, but you do not provide any source nor proof. It is not acceptable to spew opinions fuelled by fears/ignorance/disillusionment as truths.
CBs historically and currently have great sway in international finance, but because certain CBs are more powerful than others, it is not necessary to collude on a all-inclusive scale to implement political policy.
Im not a fan of the so-called bankers but im not that naïve to believe they all murder virgins and eat babies.
Besides, the IMF is traditionally considered european, whereas the World Bank is US.
Just fyi
European? What is that? Last time i checked, Europe was more or less a US colony, for heaven’s sake!
Mac Chiavelli,
Thanks for challenging what you felt should be challenged. I will look up the links to which substantiate the great harm doone to the economies of Russia and most other countries. Also the part played by Nabiullina,l head of the Russian Central Bank.
I can immediately refer you to the Glazvev interview at http://rusnovosti.ru/posts/375130 .
It’s a machine translation, but not too bad. ( Scott put up a link that I think was intended to go to the rest of the English translation, but it seems to be nonfunctional.)
Never mind. Here are some machine-translated quotes from the Glazyev interview:
“Glazyev: The Washington Consensus has been implemented within the methodology of work of our monetary authorities, mainly the Central Bank, and our Central Bank is working in this methodology. Unfortunately, the results of this work are reduced to a single sentence: The damage that we have suffered from this macroeconomic policy, estimated today it is almost $ 2 trillion exported capital.”
[Glazyev & others have explained that last September the IMF put out a Memorandum to the CBR (Central Bank of Russia) giving them an order to how to proceed and they obeyed it.] Glazyev:
“Namely, the transition to targeting the so-called inflation quoted by relinquishing control of the ruble, which in itself is an internal absurd refusal of other instruments of currency regulation and control, raising interest rates to reduce inflation — it’s all black and white in five page “memorandum” is written, which became the basis for the actions of the Central Bank who have brought our economy in stagflation trap.”
Mac Chiavelli,
Don’t know where you got the idea that IMF is “European”. Only 3 countries in the world don’t belong to it: Cuba, N Korea & Iran. It has different rules for US, UK, EU & Japan than for the rest of the countries. It is thru the IMF that the Washington Consensus & the dollar as reserve currency are enforced to prevent countries issuing their own national currency in accordance w their requirements for the level of the money supply.
US/UK together control IMF thru voting rights. China & others want to change this, but it would be better to eradicate this system of centralized economic control of all countries– for the same reason that we don’t want a centralized political govt.
More trouble. This looks really big. Better take a look. Article begins:
Belgium has arrested state assets of Russia
Russian institutions in Belgium, with the exception of diplomatic missions, received a document today about bailiffs to seize at their disposal of state property of the Russian Federation, as well as their debts to the Russian state, reports “Interfax”. The document stated that the arrest is made on the basis of the decision of the Belgian court of arbitration dated 18 July 2014 at the suit of the company “Yukos universal limited. The amount of the claim: 1,652,685,360,240 euros (1.652 trillion – RB). Police officers indicate that the plaintiff demanded such a measure, “because it has serious concerns about the possibility to recover the money, in particular due to the systematic refusal of the Russian Federation to fulfill imposed against her judgment and given the attitude of the Russian Federation to this decision.” As explained by the representative of the office of bailiffs, listed organizations are required within two weeks to announce at their disposal the cash and property of the Russian Federation and the debts to the Russian Federation. Or about the lack of state property and debts.
The list includes almost all the major banks registered in Belgium, and even organizations such as the EUROCONTROL governing air traffic over Europe.
https://niqnaq.wordpress.com/2015/06/17/the-global-zog-tightens-its-tenticular-grasp-at-yet-another-point/
Interesting timing.
Looks like a warning of intimidation because after today’s (17th) firm stand, at least in public, by Greece declaring all its accrued euro debt as “odious debt” for the first time, to hold firm against the final looting of pension moneys before any further “loans” will be offered…
anyway, Thursday 18th Greece has the big EU ministers meeting over this, then Friday Tsipras is due for an appointment meeting in… Moscow!
Definitely something up.
Yes, you are right, Anonymous– the timing is most suspicious. Also all this is just after the Bilderberg meeting where the decision may have been taken to speed up the chaos which is a prelude to the definitive move to the NWO. And today France also froze some Russian accounts.
I think Tsipras is only bluffing for a deal that will reduce the overall debt, etc.
I tried a few searches to get more information and the only news service that had anything on it was CIA radio. Hopefully it is just a propaganda piece.
http://www.rferl.org/content/russia-yukos-lawsuit-belgium-seizes-assets/27078433.html
>“Yukos universal limited. The amount of the claim: 1,652,685,360,240 euros (1.652 trillion
What.
“The country is experiencing the catastrophic shortage of monetary liquidity. ”
This is what the principles of MMT, and even to an extent Keynesian economics, will deal with. Lack of liquidity is like trying to do a housing project while rationing tape measures.
If the raw materials are available, and the labor is available, and the plans are drawn up, then it’s silly not to find a way for financing to work, and an easy way of doing that is for the government to issue money and spend on productive activities — essentially like issuing tape measures so the real work can proceed.
Scott,
Lots to chew over. Do you know of anywhere to find accurate data on Russian industrial production, consumer costs, and other vital data? Some say industrial production is down about 6% and that the cost of living is up about 8%, but these could be off.
The court in Belgium ruling that Russian assets can be taken to cover the Yukos judgement might be a big deal. Just part of the Western anaconda approach of strangling Russia. Syria, Donbass, Transdenistria, Central Asia, Caucasus, oil prices, sanctions, lawsuits, and far more to come. Death by a thousand cuts. It might be a brilliant strategy as each action makes it hard to respond and for those at the top in Russia to maintain unity. But if you don’t respond, you will be seen as weak, and lose the confidence of the public and certain interest groups. On the bright side, the Russian response to the EU sanctions was strong enough to cause them a lot of internal problems.
As an aside, your first point about Russian relations with the West in 1999. Well, the issue goes back to the days of at least Andropov, and perhaps earlier. The Soviet and Russian elite have wanted what they called “convergence” with the West. This means the elite of Russia/USSR get treated as equals with the elites of Europe, and respect each other’s interests to some degree. The problem with this is that the rulers of the West see the proper rulers and owners of Russia’s resources as being people like Kasparov or Khodorkovsky, and that the current owners and politicians are just pretenders who should be removed from the scene, if not from the planet. So all the talk about a sphere from Lisbon to Vladivostok is fine, but the issue is who will control and own what is now in the Russian Federation. The Western financial oligarchs think it should belong to them. The fact that many Russians have trouble accepting this conundrum is an interesting issue.
HI Scott ! Interesting stuff. Sad that Russia’s the only one to help, and yet it certainly puts Russia in a good light for the people of the good light.
Greece.
Do something this week. Offer them a loan to get them through the IMF payment – in lieu of the gas supply line. This ties Greece into Russia, and kicks the can down the road to the BRICS meeting in Ufa.
In addition – giving Greece this loan/ advance will also place the onus on ECB/EU to cutoff Greece at the end of June – despite Russia helping!
When Greece is cut off by ECB/EU that will give Tsipras/ Putin the moral high ground to renounce all Troika debts falling due from that point on.
It’s not that easy. The EU is de facto a US colony. No EU or NATO member state can just say, “See you, guys, i GREXIT.” Not going to happen!
We who have been fed too much freedom & democracy fairy-dust during our schooling may believe this to be an option, but that is simply not the case.
Greece’s position on the Bosporus is strategically far too important. The US Empire will do everything to keep Greece in the prison camp called EU.
The point is to help Greece publicly while Russia can so the citizens of Greece ‘may’ just wake up and realize who the enemy is.
It’s about optics. Do it while you can and let the other side show their hand as the enemy. Russia must expose the enemy to the people in whatever way it can or it is destined to be defeated and thwarted in its drive for independence.
re no 8
prelim analysis on
http://novorossia.today/in-regard-to-yesterday-s-blast-at-the-chemical-plant-in-donetsk-preliminary-analysis/
suggests thermobaric bomb-I had previously thought to watch out for these being increasingly used as they would be suitable to clear out tunnels etc in donetsk airport, perhaps as their use could be ‘excused” or blamed as a chemical or fuel explosion….
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extra bits and pieces
meanwhile
http://qha.com.ua/preparations-for-the-world-congress-of-crimean-tatars-started-133430en.html
preparations continue for the troublesome tatars World Congress to take place in Turkey end of July.
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Ukrainian police arrested the commander and seven fighters separate company MIA “Tornado”, which are suspected of kidnapping and torturing local residents on the outskirts of Lisichansk Lugansk region.
The detentions were made in Kiev, Lviv, Dnipropetrovsk and Severodonetsk.
Police lieutenant Ruslan Onishchenko, tried five times, at the beginning of the year made at the place of division in the city of spaciousness criminal group and urged his subordinates to commit very serious crimes.
Soldiers division, in particular, have been convicted of imprisonment of some local residents, who were tortured. In particular, in the basement of the school, where they were procured funds for torture, gang rape occurred male members of the group in a perverted form latching process on video. ”
http://www.anna-news.info/node/36654
remember video of young girl being kidnapped by police recently-no further news of victim.
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“On the Ukrainian TV called for the establishment of concentration camps for residents of Donbass.
If Ukraine can not by military means to regain territory not controlled, it must create them uninhabitable conditions by the principle: “It does not get you to anybody.” This was the TV channel said 112 party ATO Dmitry Korchinsky, ex-leader of the UNA-UNSO. According to him, the Ukrainian army would act as the Americans during World War II – to bomb residential neighborhoods and to arrange for the Russian camp.
“Our teachers democracy – Americans during World War II saved the democratic system, but have created concentration camps for its citizens of Japanese descent, because war with Japan, they bombed residential neighborhoods in Germany in order to demoralize the morale of the German soldiers. In Ukraine, should be the most extensive level of freedom, but in the front region and the occupied territories, we must act according to the American way. If we can not return the territory they have become uninhabitable. If not us, then no one “- said Korchinskiy.”
http://www.anna-news.info/node/36669
reported elsewhere’s too
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things happening in SBU
“Following the dismissal of the head of the SBU Valentin Nalyvaychenko, he announced his resignation and his deputy chairman of the SBU Advisor Markiyan Lubkivsky. He said this on my page to Facebook.
“Nalyvaychenko left. Betrayed by all (!) In the best traditions of Ukrainian politics. All, but not defeated … I’m going with him to the post of adviser to the head of the SBU”, – wrote Lubkivsky.
Recall now the Verkhovna Rada majority vote Valentin Nalyvaychenko removed from the post of chairman of the SBU.”
http://www.anna-news.info/node/36667
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a personal thought..Saakashvilli in Odessa is determined to wipe out extensive arms and drugs and tobacco smuggling etc in Trans/Odessa regions -probably for replacement with his own networks?
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“The sixth wave of mobilization swept through the territory of Ukraine, controlled by Kiev. In this appeal Ukrainian authorities hope to encourage even the order of 50,000 people. APU needs tankers Gunners scouts, sappers, signalers and the driver. The duration of the call at this time will be two months.
Total Kiev is planning to get into the ranks of its army of about 130,000 recruits. Poroshenko in March signed an order to increase the size of the army to 250 thousand people.”
http://www.anna-news.info/node/36664
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“The Russian army is doing rapid leaps in development and modernization. If we combine the latest technology with the Russian mentality, then the output is a more powerful army and smarter than the army of those countries that have long used advanced digital technology in their troops. A comprehensive approach to equip the various branches of service provide the unity of all the Armed Forces at the highest level.”
video discussion
http://www.anna-news.info/comment/reply/36657
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“Scouts militia Donetsk Republic reported the detection of the line of contact of the junta thugs and army DNI another 40 units of military equipment and about 300 punitive, said at a briefing for the media Eduard Basurin.
“Exploration DNI continues to record the facts of movement of military equipment and personnel of the Ukrainian security services. Marked movement of the two units of multiple rocket launchers BM-21 “Grad” from Volnovakha in Andreevka. From Kurakhovo eastward movement established five MLRS units, “- he said.
Exploration reports that “in the village of Acute recorded occupancy 19” Grad “and four” Hurricanes “, in the village Kleban-propelled Bull found 4 art installation 2S19” MSTA-2C “and three self-propelled guns,” Hyacinth B “.Also” near Avdeevka the whereabouts of MLRS BM-21 “Grad” in the amount of three units and the arrival in town of up to 300 personnel of the Armed Forces of Ukraine. ”
http://www.anna-news.info/node/36652
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“Special monitoring mission of the OSCE in today’s report outlined a number of episodes where employees APU prevented the experts.
So, today, without explanation Ukrainian military observers were not allowed to the village Valuiskikh near Lugansk. The OSCE representatives also talked about the episode, when the monitoring mission has not been admitted to the storage of anti-missile systems “Sturm-S” for inspection.
It is also reported and the sudden substitution of some military weapons depots. On the other, the mission found a discrepancy of the actual volume of arms statement. Although it is probably the only European and American politicians, despite ample evidence to the contrary, and on the evidence of the OSCE continue to stubbornly pretend that complies with Kiev and Minsk agreed to accuse Russia of escalating military conflict. And if suddenly the mission reports will not suit the West for its content, probably immediately there other options for monitoring the situation in the “right” way.”
http://www.anna-news.info/node/36640
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“On the eve of the speaker of the Pridnestrovian Moldavian Republic, Mikhail Burla and Transnistrian leader of the faction “Update” Peter Passat made an official visit to Moscow. In particular, the State Duma deputies of the unrecognized republic, met with a number of functionaries of the party “United Russia” and other Russian officials. We are talking about the head of the State Duma Committee on Property Sergei Gavrilov; Chairman of the Duma Committee on CIS Affairs, Eurasian Integration and Ties with Compatriots Leonid Slutsky; his deputy Oleg Lebedev; the head of the Duma Committee for International Affairs Alexei Pushkov.
During the two-way communication between the two states considered the situation that has developed around Transdniestria as a result of the crisis in Ukraine and the political situation in Moldova. Russian deputies assured their Transnistrian colleagues that Russia will not stand by and continue to support the Pridnestrovian Moldavian Republic. Perhaps in the near future will be resumed supplies of Russian humanitarian aid to Transnistria.”
http://www.anna-news.info/node/36624
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There is far too much in this sitrep it is hard to get through. Sorry to be critical but it should be a summary
The most urgent/ pressing issues should be first are all these things rekevant?!!
Russia must do this ..
Russia must do that
So many experts
So annoying
Scott thanks again for a great siterep. I can’t get over the hilarious image of that Ukranian Fountain along with your truthful observation of endemic recklessness, criminality and psychopathic levels of narcissism in that society. The fountain is symbolic of the ‘European Values’ of Ukrainian nationalists. I’m still laughing. Really thanks for saying it like it is.
@Eimar, re: Zero Hedge article on Greece allegedly defaulting:
I’ll believe it when I see it. Greece is lead by such a completely twisted load that the average Greek person doesn’t stand a chance. It was obvious from the start that Greece was being defrauded by the usual tactic used in Africa: saddle the entire country with a fraudulent enslaving debt put in place by cutting deals with the criminal slovenly Ayn-Randian elite. The minute that brainless traitor, Papendreou, ‘announced’ Greece’s debt crisis, it was obvious that many in Greece would be either too stupid (duped Europhiles, like in Ukraine) or corrupt (Greek bureaucrats, politicians and some oligarches) to do the right thing and call the bluff of the inbred Bavarian and French Banking vampires that were intent on stealing their country’s wealth.
The current group of fakers in SYRIZA seem to be on the take too, if they were serious they would have from day one began implementing the first stages of returning to the Drachma, pumped the airways day and night with the facts about the thievery of German & French Banks, demanded, formally, German reparations of $170Billion for Nazi crimes (as a tactic), and formally begun procedures to exit the Euro & the EU: the EU’s bluff would have folded so fast it would have made your head spin. In addition, Greece should have begun negotiations with Russia, China and the BRICS. Instead, we have a group of fakers (ex-Soros alumni) who blow empty anti-EU rhetoric why still paying off the fraudster banks of the EU (via the IMF). Every month they delay shutting down this fraud, $Billiions more are sucked out of Greece and sent to the IMF/EU/Berlin.
Oh! I’m sooo impressed with the Greek PM: his idea of hard negotiations with the blood bankers is to threaten to pay them 2Billion Euros! Wow! What a threat! What a sellout or coward.