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The IMF Just Entered The Cold War, Forgives Ukraine's Debt To Russia
Authored by Michael Hudson, originally posted by The Saker, author of The Essential Saker: from the trenches of the emerging multipolar world,
On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying:
“The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the next day or so.”
Since 1947 when it really started operations, the World Bank has acted as a branch of the U.S. Defense Department, from its first major chairman John J. McCloy through Robert McNamara to Robert Zoellick and neocon Paul Wolfowitz. From the outset, it has promoted U.S. exports – especially farm exports – by steering Third World countries to produce plantation crops rather than feeding their own populations. (They are to import U.S. grain.) But it has felt obliged to wrap its U.S. export promotion and support for the dollar area in an ostensibly internationalist rhetoric, as if what’s good for the United States is good for the world.
The IMF has now been drawn into the U.S. Cold War orbit. On Tuesday it made a radical decision to dismantle the condition that had integrated the global financial system for the past half century. In the past, it has been able to take the lead in organizing bailout packages for governments by getting other creditor nations – headed by the United States, Germany and Japan – to participate. The creditor leverage that the IMF has used is that if a nation is in financial arrears to any government, it cannot qualify for an IMF loan – and hence, for packages involving other governments.
This has been the system by which the dollarized global financial system has worked for half a century. The beneficiaries have been creditors in US dollars.
But on Tuesday, the IMF joined the New Cold War. It has been lending money to Ukraine despite the Fund’s rules blocking it from lending to countries with no visible chance of paying (the “No More Argentinas” rule from 2001). When IMF head Christine Lagarde made the last IMF loan to Ukraine in the spring, she expressed the hope that there would be peace. But President Porochenko immediately announced that he would use the proceeds to step up his nation’s civil war with the Russian-speaking population in the East – the Donbass.
That is the region where most IMF exports have been made – mainly to Russia. This market is now lost for the foreseeable future. It may be a long break, because the country is run by the U.S.-backed junta put in place after the right-wing coup of winter 2014. Ukraine has refused to pay not only private-sector bondholders, but the Russian Government as well.
This should have blocked Ukraine from receiving further IMF aid. Refusal to pay for Ukrainian military belligerence in its New Cold War against Russia would have been a major step forcing peace, and also forcing a clean-up of the country’s endemic corruption.
Instead, the IMF is backing Ukrainian policy, its kleptocracy and its Right Sector leading the attacks that recently cut off Crimea’s electricity. The only condition on which the IMF insists is continued austerity. Ukraine’s currency, the hryvnia, has fallen by a third this years, pensions have been slashed (largely as a result of being inflated away), while corruption continues unabated.
Despite this the IMF announced its intention to extend new loans to finance Ukraine’s dependency and payoffs to the oligarchs who are in control of its parliament and justice departments to block any real cleanup of corruption.
For over half a year there was a semi-public discussion with U.S. Treasury advisors and Cold Warriors about how to stiff Russia on the $3 billion owed by Ukraine to Russia’s Sovereign Wealth Fund. There was some talk of declaring this an “odious debt,” but it was decided that this ploy might backfire against U.S. supported dictatorships.
In the end, the IMF simply lent Ukraine the money.
By doing so, it announced its new policy: “We only enforce debts owed in US dollars to US allies.” This means that what was simmering as a Cold War against Russia has now turned into a full-blown division of the world into the Dollar Bloc (with its satellite Euro and other pro-U.S. currencies) and the BRICS or other countries not in the U.S. financial and military orbit.
What should Russia do? For that matter, what should China and other BRICS countries do? The IMF and U.S. neocons have sent the world a message: you don’t have to honor debts to countries outside of the dollar area and its satellites.
Why then should these non-dollarized countries remain in the IMF – or the World Bank, for that matter. The IMF move effectively splits the global system in half,between the BRICS and the US-European neoliberalized financial system.
Should Russia withdraw from the IMF? Should other countries?
The mirror-image response would be for the new Asian Development Bank to announce that countries that joined the ruble-yuan area did not have to pay US dollar or euro-denominated debts. That is implicitly where the IMF’s break is leading.
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...dump ALL US debt...
And if I'm not mistaken, this is the first truly gold-positive article I have read in a long time.
And who says that isn't the goal...
The Fed is looking for more Treasuries to buy. Treasury shortages is what caused QEs nominal end according to Zero Hedge commentators. US Government may be ceding that half of the world to China and Russia (EU and India?) and is going to concentrate on the Americas.
I always imagined the currency wars as each nation having a central bank in control of one of the city-spaceships from "Independence Day", firing on the cities of their own countries. The one who destroyed their country the fastest wins.
To anyone who ever has any good thing to say about any central bank ever: https://www.youtube.com/watch?v=xsZPWsVNTqo
Why do you think it's stupid ? Isn't this the plan
What if they were fighting a war, and the sheeple were too dumb to notice ?
If/when WW3 starts ?
It already has.
The west or really the US is doing everything they can to get into some type of war with a nuclear power. What is wrong with the US, they want war so badly with Russia. I think they know the economy is getting close to imploding and they need to get something kicked off to blame that for the economy imploding.
No gas for you.
The gas Nazi.
No gas for you Nazis.
The Vladinator.
I can see Putin reaching for the spigot now
He could, just as easily, counter with a speech, "They want you to freeze to death. Disgusting and infantile. I can not allow our Ukraine brothers to die in the cause of Western politics, so I have asked Gazprom to not only forgive debt, but extend low-interest credit for an additional billion rubles to see you through coming winter. Stay warm, my wayward friends."
Has a nation's president ever been canonized by the Vatican? Cuz that would be discussed...
"However, you must move to Dnepropetrovsk, or further east, we can't trust those in charge of the pipelines to deliver the gas reliably any further than that"
" Has a nation's president ever been canonized by the Vatican . . ."
You obviously didnt get the memo.
The vatican is on the NWO side.
You obviously didn't get the memo either. The Vatican was infiltrated and compromised by Jews and crypto-Jews centuries ago. There definitely is a strand inside the Vatican working on behalf of their good friends the Jews, and seeking to promote the New World Order, whatever that overused term is supposed to mean. However, there is also another strand inside the Vatican, the predominant strand, which seeks a true global order, an order that is the friend, not enemy, of the people.
Peddling this line about "the Vatican" working on behalf of the NWO is easily done; what's much harder is presenting the evidence. And no, a few hundred or a few thousand clerical sex abusers out of a total priest population worldwide of 412,000+ is not evidence of anything. The evidence for Jewish infiltration of the Vatican is, on the other hand, much stronger. Many so-called Catholics in France, Spain and Italy were in fact closet Jews, who converted just to avoid political (political, not ecclesiastical) persecution. Some of these made their way up the ranks over the centuries, and undoubtedly they operate at a high level in the Curia today. But it is lazy thinking to suggest the entire Vatican is in lockstep with these infiltrators and saboteurs.
Which is why, if China joins the IMF and its Ponzi SDR, China is multi-faced, self-serving bunch of Oligarchs, as this would stab Russia in the back -- all the while they're smiling, making a few positive sounds, and getting Russia's resources on the cheap. Sorry, but until they lean further out the window, I no longer trust them.
Or, this likelihood has been discussed between Moscow and Beijing. Putin is a chess player and the US has an an arrogant spoiled child at its helm.
It's interesting, to be sure, but China is best served in the winner's ring. The West do not look, smell, nor sound like winners right now. We appear weak.
This move by the IMF smacks of desparation. So yeah, it may be Burt the Turtle time.
China is well aware the European "we like the Chinese style communist system to get things done" does not include any actual Chinese.
Heavy coats & lots of fucking will get the Ukrainians through the winter. How did they manage to survive the first 10,000 years before natural gas pipelines?
It was the "Wild Fields". Nomanic, dangerous and sparsely populated.
https://en.wikipedia.org/wiki/Wild_Fields
And don't forget the Pripyat Marshes! The world was a different place before the swamps (of Europe esp.) were drained.
I am sure the people of the West would be just as charitable toward those refugees as they have been toward the Syrians.l
Are you kidding me! These are whitish people we are talking about. President Trump will send the entire Navy to bring them here. Remember, Mercans' don't like dark tan, yellow or brown. Whites always welcome!
Half of Ukraine already lives in my fucking neighborhood. But they are WAY outnumbered by the chinese...
You must be very young, live in another country, or have nevrr had a US history course worth shit. The 1965 Immigration Act courtesy of Ted Kennedy and Hubert Humphrey gives PREFERENCE to tan, black, yellow, red immigrabts over those from white societies.Much easier to come here from say India, one of the "stans", somalia or honduras then from UK, France, or Germany. As for refugees or asylum seekers, whites brutalized by Mugabe in Zimbabwe, nearly impossible to get into US as asylum seeker, same for those trying to get out of crime ridden black contrlled South Africa. But some somali pin head, they give them preferrential treatment ask the people of Maine, Minneapolis, or Shelbyville, TN. MOST of immigrants of last 50 years are from other than white nations.
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.wallstreet34.com
you're a hooooor.
Hey Angel Asshole, How is your mother doing these days? Last time I saw her on a street corner, she was offering 2 for 1 specials, no condom required.
Mama Angel demands bareback. DEMANDS it.
HASHTAG HOT LOAD
Hashtag DONT FALL FOR IT S/HE HAS A DICK
RIPS
Drench that paycheck in gasoline, stick it up your ass and light it on fire.
This is serious shit, Tribe(tm) has lost Russia and they mean war! I fucking hate knowing the truth.
Yeah, this doesn't sound like theatre to me. Maybe this is our answer: Russia is NOT run by the zios. They are the great white hope.
Or maybe it's all part of the plan. Buggered if I know any more.
We're pretty much buggered whether we know or not.
I still have a hard time imagining that the tribe isn't managing both sides, as they'd have to be insanely fucking stupid to do all of this without expecting the results that will be forthcoming.
After all, the New NWO requires the destruction of all nation states, including Israel.
To me, it's the same ole divide and conquer, upped to a fully global level.
The people who are doing this believe they are children of Lucifer and are not Jewish. Just wanted to point out this isn't a Jewish conspiracy.
Yes, thank you for that. What would truthseekers anywhere do without your help?
Yes, I believe the Jews (and Israel) are being set up by the 'Zionists' (actually just psychopaths, wearing Jewish suits) to take the fall for the coming devastation. The blame for all this will fall on them; they will reap the world's anger...while the REAL NWO will institute the goal they've worked towards for centuries: total world control.
It's no coincidence that the last several heads of the FED have been Jewish, or that so many Jews head the banks. It also is no coincidence that Israel was created by these very banksters, and set up to be such a hotbed of world contention since its inception. When the banksters 'pull it', those at the top of this chain will sacrifice the Jewish people. They've been their punching bag this whole time. Remember, Kissinger is on record as saying "Israel will not exist in ten years."
'Zionism' is just the latest label for the psychopathic control matrix. The 'Protocols' existed long before the Jewish people existed.
Keep fucking that chicken poindexter!
@ Implied Violins:
"The 'Protocols' existed long before the Jewish people existed."
Really? Think again sweetie.
The basic tenets have been used by rulers to divide and conquer since long before Babylon fell. They just get repackaged now and then, like a remake of a favorite horror flick.
The Brandon Smith everything is a New World Order Gambit cannot get it through their thick heads: New World Order at its roots is Cabala, and further it is funded by double entry usurious private credit means.
The comment by Hudson says it alll:
The IMF move effectively splits the global system in half,between the BRICS and the US-European neoliberalized financial system.
Also, anybody who discounts Hudson is seriously deficient, this guy is usually spot on. There are only a few good economists in the world and he is at the head of the ranks.
Since new world order is Kabala using Jewish means as a central component, then new world order movements must be viewed through that prism.
Neither Russia or China are on-board - they aren't Jewish or under the influence. Russia has been innocluating themselves regularly. China is yet still in play, but ultimately they have NOT GOTTEN RID of their sovereing state banks. China state banks are a huge tell. Also, AIIB came into being easily as many western countries want to escape the empire. China was surprised by AIIB.
So, what controls Western empire: It is western Capital markets and double entry credit. When you go to the bank to take out a loan, you are hypothecating new credit. The debt insturment can be held locally, but usually it is on sold to other banks and/or finds its way to capital markets. Credit Markets and TBTF banks then are at the top of control pyramid as they hold debts. The government does not make money, it borrows it from private banks of the private banking system. The same TBTF banks and Creditors then hold government debts.
Smith followers listen carefully: For a debt instrument to be paid off, it has to be paid by its former credit. It's former credit needs to find its debt instrument to then satisfy the contract. If all debts are in dollars, then easy enough for a dollar to find it. If the debt is denominated in Ruble, then it has to go through conversion of exchange rates.
World cabala bankers are hidden stock owners of TBTF banks, and they want to be able to put the worlds physical assets on their books to then make credit as money. Even more so, they want YOU to take YOUR assets and put them on their books VOLUNTARILY as a slave.
This is the new world order, where everything is one money type (private credit), or easily converted moneys, controlled by the same crowd. Thsi money type is to be PRIVATE BANK CREDIT at its source.
China still has its state banks, and Russia has been looking carefully at their central bank, especially with capital controls. The one world narrative fomented by Brandon Smith crowd is NOT OPERATIVE. SMITH crowd will have to try harder now that HUDSON is telling them they are full of shit.
The IMF move effectively splits the global system in half,between the BRICS and the US-European neoliberalized financial system.
There IS an East/West Schism. Russia IS protecting its own natural assets (even in the artic). Russia DID kick out its mostly Jewish Oligarchs. The Harvard Boys (J) did NOT get their way and dismemeber Russia into pieces.
China has manipulated the Yuan and stolen Western Business. China has kept their state banks.
All of these Russia China actions are NOT ONE WORLD ORDER moves. The BRIC system invented by Goldman Saches ended up being co-opted and backfiring. Goldman is reducing their exposure to BRICs.
Third world countries hate the IMF and whisper their worries into Putin's ear on the sidelines at summits.
The NWO pyscho's could be defunded easily enough just by changing over to a sovereign currency. With sovereing money and new debts are owed to your neighbors, who have saved their money to loan to you. In one swoop, the NWO groups are defunded from making their usurious gains.
www.sovereignmoney.eu
Here's yet another assymetrical move from Russia:
http://southfront.org/iran-2-0-russia-to-loan-egypt-25-billion-to-build-...
Who want's to bet that the new power plant loan will be denominated in Rubles?
Will this action cleave Egypt closer to Russia or Western Empire?
Press on the link address and guess which actors are shown to be unhappy with this deal.
What you say about private bank credit and how the 'same crowd' plans to control money makes sense, and would be very easy if the new currency is to be digital, as expected. But to disagree about the East/West schism? You may be very well read, and know many particulars that I could not even fathom in my sleep, but this schism is NOT REAL. I'm not as well-read as you, at least not in economics, but I trust my intuition on this because I believe it takes more than simple left-brain logic to understand this whole scenario. A large part of what is going on is a SPIRITUAL WAR, a battle within duality...but I won't say any more here unless you really want some more clarification. Few here are open to such discussion, but if you're game I'll share what I know as well as good references.
Have you ever tried to assail Brandon on his own site, and ask him directly to comment on your observations? I post there often and he replies to all well-considered questions and criticisms. It is Alt-Market.com. I'd love to see what he has to say about your points; I'm sure he could address them better than anyone here. And I can assure you, he stays well within the realm of left-brain logic.
No coal or gas FOR YOU!
Dont worry UKIES, You too can burn your local dollars and IMF sdr's, for that will keep you warm this winter.
WOW, madame's even got a suntan ;-)
The Ukies will find out first hand (and the rest of the world will be finding out soon enough) that tangible assets is "worth more" than credit, all day (and winter) long.....
"Motha do you think they'll drop the bomb.... "
Behold the Synagogue Of Satan. All bow to the ruler King Juice.
... but but Putin said he hopes that they won't need to use the nuclear capability of those new shiny cruise missles.
"And what is the IMFs grid coordinates?"
32.0667° N, 34.8000° E... Underground.
"Grid coordinates?" The IMF used to be called "Foreign Aid" when the $ was on America's books. Moved it off the books and called it the IMF. Nice trick.
I'm sure Russia will be just fine w/ this.
Having a goal and working towards it: You eventually arrive!
http://www.zerohedge.com/news/2013-01-10/chart-day-chinese-november-gold...
.
Yep, Russia can get there money back and THEN turn off the gas if vassal Europe can't figure out the US is going to drag them into war.
She has been coerced a long time ago. Nothing new. Russia could also default! Things do happen when not expected.
Sauce for the goose , seems like ALL the BRICS can now default at the same time.
The yuan inclusion in the SDR is a bluff that will never happen ,which no doubt
the Chinese see righ thru'
The doublecrossing and backstabbing will only get worse from here until WWIII finally breaks out.
Not long to wait,Spring will be here in no time.
Well, war starts with "money" and this seems to be the declaration...a cowardly declaration, but still an act of war.
The Russians should attack in the winter...THAT would really do some damage.
Going to my safe zone.
Is your Safe Zone for terrestrial Micro Aggressions only, or for aerial Giga Aggressions also? ;-)
Is there really any doubt that the USA and NATO have declared war on Russia? Its really time to be thinking seriously of checking of Dodge!
Declared it? It never stopped in the first place. Chechnya, Georgia etc.
Proxies, Bitches!
Get
Out
Of
Dodge
Just a public, rather than a shadow, declaration of its true constitution and criminality. Russia, China, Iran, India, and other anti-western governments must now be chomping at the bit to shitcan the US dollar.
+1000
This takes over #1 in the shit signal race to Armageddon. Wow, fuck.
Thumbs-up! (and it's 'champing')
Just checked that out, thanks. It says champing is another term for chomplng, but you may be right about the original use. Always good to learn more stuff!
The USD cart blanc to the squid and it will serve us all well to see it go. Although painfu;l at first, it's much needed to right the plethora of wrongs they have done.
Should help Hunter Biden embezzle more $$$$
Look for Ukraines' gas to be shut off on Christmas Eve.
Look out for the UkroNazis to make one final attempt to recover Donbass around 19 December (Russian holiday?). The are bringing loads of hardware to the front (283 tanks, MLRS systems, howitzers). Assuming the forces did survive in enough numbers at the Russian border, would they stop or go all Turk? Biden and Nuland have both visited, so I guess the US has has said 'we will support you [to the last Ukrainian]' to the Ukrainian idiots. My guess, they would go full Turk.
never go full Turk
"Look out for the UkroNazis to make one final attempt to recover Donbass around 19 December (Russian holiday?)."
Here's what someone currently living and fighting for Donbass said on Dec 2:
The Ukrainians know that the Russians are going into holiday mode with New Year around the corner and Orthodox Christmas on Jan 7. The US delegation's visit to Ukraine does not bode well. Not at all. I think the US and NATO will try to press Russia on both the Ukraine front and the Syrian front simultaneously through their proxy armies in Ukraine and Turkey.
The US strategy is quite brilliant really - all it requires is a copy machine to print more US Treasury Notes, some banks to wire transfer funds, and then to find some stupid potatoe farmers and goat herders to die for America. Meanwhile, keep importing democratic voters into the US.
" “We only enforce debts owed in US dollars to US allies.” "
Now we have it from the IMF's horse's mouth: the IMF is a creature of Western powers and is involved in geo-politics.
"Now we have it from the IMF's horse's mouth: the IMF is a creature of Western powers and is involved in geo-politics."
I don't understand your point.
That is their purpose since their inception.
You may be right, but have you ever heard it admitted to in such terms?
Did you smoke 2 packs of cigarettes a day because the cigarette companies continually denied it had adverse effects on health?
so SDR's and parallel BIS for all those who think they will be fucked will change the system forever
This is not Russia losing - $3 Billion will be paid in time -but notice to China / India / Brazil will mean new systems
This move smacks of desperation along with Erdogan and his Family and Merkel - woman of the year - they are trying to hold the line artifically - the dyke is breaking and in full view of everyone - which means markets are going south - risk off!
Iran will be empowered in Iraq /Syria no doubt
Yes, and why is Russia still a member??
Because they're much better at geopolitical strategy, apparently.
Except that's not from the IMF's mouth. Tyler was pretty irresponsible to put that bit in quotes.
But it is the obvious effect of their decision.
Then that's what should have been written, instead of making it seem like the other guys said words that they never actually uttered. That's simply not responsible journalism.
I agree. The quotes were probably misguided.
My mistake, Tyler didn't write the article.
"Now we have it from the IMF's horse's mouth: the IMF is a creature of Western powers and is involved in geo-politics."
LOL, and this is 'News'? The only surprise to most of use here, may be that they're actually coming out and saying it. To me that sounds like the Ship has hit an iceberg and the crew is arranging the Deck chairs, while the band MSM keeps playing.
True. The point is that they have openly admitted it.
No wonder the BRICS set up their own bank.
I'd say we are all in at this point. Is that Burt the turtle I hear ???
AIIB looking better all the time.
http://www.aiib.org/
And the BRICS's equivalent to BIS is coming online... When? That is the real 'tell'.
Little factoid, fellow ZHers, there has been a song written about this...the IMF. No shit. Poor quality...but here you go.
https://www.youtube.com/watch?v=Gfcfdt0jcWs&list=RDGfcfdt0jcWs#t=19
Bruce Cockburn - a voice in the wilderness. And canadians aren't listening.
Good one. Seeing much at one time vs spread out over decades helps open one’s eyes.
the song was written in 1985, 30 years ago
https://www.youtube.com/watch?v=O9HFjErMMlA
What about Greece
The last paragraph says it all.
One way or another.... Russia WILL get it's money!
Looks like the price of Nat Gas just quadrupled, for Ukraine!
Isn't it just reverting to 'free market' prices (ie no more subsidies)?
Up until now I had been waffling back and forth trying to decipher whether or not there were real proxy wars going on or whether Putin was in on the game and the NWO goons were simply fucking with our heads trying to create a false crisis. One of the reasons I questioned the authenticity of the new cold war was because of Russia's complicity in the world monetary regime. Putin's reaction to this will be interesting to watch.
He is now painted into a corner. Fight to the death?
Putin is like Cassius Clay a.k.a. Muhammed Ali.
Dance like a butterfly, sting like a bee...
Provoked in Ukraine, get Crimea to join Russia.
Provoked in Donbass, open up the warehouse and let the people of Donbass do most of the heavy lifting in kicking Ukie ass...
Show up out of nowhere and kick ISIS/CIA/Mossad ass in Syria.
Provoked by passenger shoot down. Wait.
Provoked by Erdogan shooting down Su-24, unmask Erdogan as the corrupt hypocrite he is, and in the process unmask the whole ISIS lie...
Provoked by IMF... lets see.
Provoked by Ukraine making another move on Donbass... lets see.
Asymetrical warfare is nothing if not really, really interesting (but scarey as shit).
If he does respond to these provocations, it will be out of nowhere, in a way not expected but quite effective.
Putin seems to have something the arrogant neocons lack, which is patience.
The geo-political version of the rope-a-dope.
His resume doesn't say KGB for nothin'.
there is an EXCELLENT analysis on The Saker about the current situation. I do say, something is in the air right now and it isn't the depleted uranium blowing around in Basra today. I have this feeling like something wicked this way comes...
Week Nine of the Russian Intervention in Syria: the Empire strikes backhttp://thesaker.is/week-nine-of-the-russian-intervention-in-syria-the-em...
I highly recommend The Saker's new book. It is very concise and a very easy read.
Ever watched the 3 card monte con?
Yeah, and we're watching it on a global scale as the central banks play hide the debt.
Does it look like they are trying to hide it?
PB, yesterday you made a comment ref: How fast this current situation evolved. Thought that profound and this piece (IMF) ads to the speed in which things are picking up/ moving. But, rhetorically, where is it headed?
nowhere good
One thing I've noted of late is "they" don't really find it necessary to hide much anymore. Some of the shit being done in the open is mind blowing if the populace conprehended it.
Look! a squirrel!
Doc I had the same reservations, but what changed my line of thinking (as I used to live on a farm) was Putin announcing couple of days ago that not only GMO foods are banned in Russia, but by 2020 russia will be self-sufficient and will become the world largest supplier of non-GMO, organic, ecological clean foods. When a leader cares for the health of its people he is not part of the NWO.
Interesting observation. Thanks.
...unless part of the scam is to make people embrace the BRICS so they accept the new, one-world currency. With such a concentration of evil doings by the west in the news, don't the BRICS look like knights in shining armor in comparison? Don't be fooled; it's ALL a part of the 'game.'
"it's ALL a part of the 'game.'"
Two can play that game.
Yes, and remember how Putin chose for his people after the Berlin wall fell.
It started with Jeltsin who knew Putin was the right man for the job.
I too saw that he banned GMOs. That was a big step for many reasons
http://www.globalresearch.ca/its-official-russia-has-banned-gmo-products...
http://naturalsociety.com/russian-govt-completely-bans-gmos-in-food-prod...
"Russia has just announced a game-changing move in the fight against Monsanto’s GMOs, completely banning the use of genetically modified ingredients in any and all food production."
funny how many countries have problems with those Monsanto children
Food, along with water, will also accelerate into the number one and two slot leaving oil, coal and gas far below them as we continue to fuck up (and fuck) on a global scale. It's pretty smart for a large country with a large bread basket to take this "formal" position.
By bread basket you mean Ukraine.
This Russian move to expose the IMF and force it to show its hand was done purposefully as to accelerate the geopolitical shift.
Dominique Strauss-Kahn being pushed out of the IMF a few years back was the US side trying to obtain full control over the IMF.
Pretty much the ame technique the US implied on the SWIFT institution in Belgium.
Europe doesn't even have access to its own servers which are ironically based in the US and has to rely on the US to look through the transaction data.
A lot of players in this game with a lot of interests. Seems like there is infighting in the US camps ultimately screwing each other over.
The demise of the Dollar is certain but the IMF could have at least been used as a tool of power.
Now this might not even work considering several countries will start to look for a new basket.
Part of the back and forth from DC is simple, not all of DC is owned by the Squid, I'm guessing 60% owned but those numbers are falling everyday. What we have is a shift in global power taking place, the failing USD, the rising Yuan in the fall of 2016, the IMF is also split and my guess has done this to move things along much sooner then later.
The Squid is out and perhaps a new system backed by hard assets will replace it, only time will tell but that's my collective bet. The Squid, 60% of DC, Israel, Saudis, the FED and of course the factions that control them (rothschilds, rockerfellers, warburgs and the like or ilk, are going down. Expect to see them try more false flags before the dust settles but to no avail.
I don't see it as a restart of the cold war with Russia. I see it as a "business competition".
Putin wants to be the prime provider of natural gas to Europe. The US wants multiple sources of natural gas to Europe.
The war in Syria is a "natural gas pipeline right of way" to Europe issue. Qatar, Saudi Arabia and Israel want to sell their natural gas to Europe.
There are other reasons that the US is acting as it does. I believe that the root cause is that the US spends more than it produces and relies on the Federal Reserve to cover up the deficit by counterfitting US Dollars. The US must then try to force the rest of the world to use US Dollars.
The abolotion of the US Federal Reserve and outlawing of fractional reserve banking would cure 90% of the US foreign policy "excesses".
Good comment, BUT this would apply to Syria in isolation. What about the other pieces of the strategy - colour revolutions, Georgia, Ukraine etc. ?
BS, Russia does not want to be the prime provider, that is why Iran is part of Russias strategy, it just wants to end the control the US has on the market.
http://www.softpanorama.org/Skeptics/Pseudoscience/harvard_mafia.shtml
http://globalfire.tv/nj/05en/politics/putin_jews.htm
Youre missing another angle.
The Oligarchs vs Putin certainly was interesting wasn't it. The Fothschilds are rarely rebuked. Say what you want about Putin he is extremely intelligent and also brave and clearly cares about the Russian people. I wish the US government was - and bear with me here for this mind bender - actually working in the interests of the people of the United States. Crazy I know.
Doc, I am in the same boat. It sure feels like they are all in on this kabuki theater bullshit! Interesting indeed!
END THE FED!
How bad does this have to get before they all sit down at a table and divy everything up???
Uh...
Brandon Smith...? Can you enlighten us on how this (act XX) of Globalist political theatre plays out...? It's lookin' rather convoluted at this stage buddy - are you certain all the actors can play their parts - without faltering, so that the clever charade of double & triple crosses can play out according to plan...?
Thanks ---
I'm sure Brandon can, but in case you aren't convinced, check out this piece:
http://redefininggod.com/understanding-the-nwo-strategy/
Our very lives may depend on knowing the truth; every angle needs to be contemplated at this stage in the game. That piece made a lot of sense to me in understanding this global charade.
What an abuse of power of those holding the world's reserve currency. Guess they won't stop until every nation has a debt to service to them. Total control or WW3 to break from it.
It is one thing to abuse the privalege, quite another to rub the noses of enemies in it.
To Russia, with love.
Putin just said: It looks that they don't want to pay and trying to fool us - just sue them. In UK court. So Russia either will get its money back or will screw UK / EU bad time.
In order to deny Russia's claim, the UK courts would have to support retrospective legislation. That is a whole can of worms they do not want to open.
Another thoughtful, measured, legal response from Putin vs the bullying racketeering west.
"You beautiful disloyal fuck!"
Now for the next trick: lethal aid to Ukraine!
You. Are. Going. To. Love. It!
Letgal aid is already flowing to ukraine via Us using 3rd parties. Still they didnt manage to kill their own citizens. Let it sink in.
Zerohedge is Putin's claque. Russia loaned the money to Yanukovych, knowing he would steal it. He did, in grand style. The Ukrainian people should feel no moral obligation to repay it.
On the other hand, debt servitude to the IMF is evil in itself. Poroshenko is building his candy empire when he should be building a country. There are no white hats here.
And the troll army is alive and well. Hope Putin pays you well.
Neither a borrower nor a lender be. I guess folks have a short memory.
So you're saying that anyone loaning money knowing it wouldn't be paid back shouldn't be paid back?
And that this rule only applies to Russia?
Absolutely not. Applies equally to IMF loans to Africa, Latin America and everyplace ruled by unsavory, rapacious dictators.
As determined by whom?
That's the problem. They are not very good at determining, are they? Any they -- Russia, IMF, US... The bankers don't give a damn. They make money coming and going, whether or not the loans are ever repaid.
Buy this and read it. Then re-read it until you get it!!!
https://www.amazon.com/s/ref=nb_sb_ss_i_1_11?url=search-alias%3Daps&fiel...
(Apologies to Bastiat below...)
Duh! I read it and agree with "Economic Hit Man." Are you so thick that you cannot understand we are in agreement about bankers? We disagree only in one particular. Putin IS, in this case, that predatory banker.