Not long ago as mainstream media prematurely celebrated Obama’s vicory over Putin in the Currency Wars we took a look at some economic fundamentals. Russias government debt totals only 13.4% of its GDP. Its budget deficit in relation to GDP is only 0.5%. If we assume a US GDP of $16.8 trillion (the figure for 2013, its $18.4 trillion today), the US budget deficit totals 4% of GDP, versus 0.5% for Russia. The Fed is essentially a private corporation owned by regional US private banks and foreign investors and institutions (including the Dutch and British monarchies would you believe?), although it passes itself off as a state institution. US publicly held debt (The Fed’s holding of US Government treaury bonds) is equal to a whopping 74% of GDP in fiscal year 2014. Russias is only 13.4%.
The declaration of economic war by the US and EU on Russia, via the run on the rouble and the oil futures attack, was essentially a derivatives racket. Derivatives in theory may be multiplied to infinity. Derivative operators attacked both the ruble and oil prices in order to destroy the Russian economy. The problem there is that the Russian economy is more soundly financed than America’s.
Read our economic war predictions for 2014. We will not be 100% correct and we would not even dream on trying to match our critics 110% record – of being utterly wrong in their case, but we will be around 80%ish. If our governments could get even half that, the country might have a future.
Russia throws down the gauntlet: energy supply to Europe cut off; petrodollar abandoned as currency war escalates
There are some big moves taking place on the global stage that you need to know about, as this could all lead to World War III. Yesterday Russia cut off its natural gas supply to Europe, “plunging the continent into an energy crisis ‘within hours’ as a dispute with Ukraine escalated,” the Daily Mail reported. “This morning, gas companies in Ukraine said that Russia had completely cut off their supply. Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of …Read all
Believe The Phoney Narrative Or Be Branded a Conspiracy Theorist.
Right now the west is in big trouble, the move led by Russia and China to dump the petrodollar as global currency has provoked the Americans to lead the wesern allies into an economic war that we cannot win. Why not? One word: debt. A shooting war is the only option but it’s by no means certain the allies would win that.