Not sure how this will play out. Putin is unpredictable and Obama is basically a pink poodle in comparison.
Posted on 12/17/2014 12:58:34 PM PST by GilGil
On the teetering economy and possible economic collapse, Dr. Roberts says, “We know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into subsidiaries. So, if the subsidiaries get into trouble, the subsidiaries have no access to depositors’ money. This is the only real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of this, so they can gamble on derivatives, and taxpayers and depositors are on the hook for the losses. Why would you do that unless you had a lot of derivatives trouble. It could easily be the oil derivatives. . . . The banks can gamble all they want and they are covered by the FDIC, which has no money. . . . This gives the banks access to depositors’ money. . . . This is sick, and it shows the United States government is the most corrupt government on earth, far more corrupt than Russia or China.”
(Excerpt) Read more at usawatchdog.com ...
Paul Craig Roberts? Were David Icke, Alex Jones and Ron Paul tied up with other issues?
It also seems to me that Putin is the type to back down in any way. This attack on the ruble has a real bad feeling to it.
Sorry. Meant to say the above comment Putin is NOT the type to back down.
It couldn’t simply be that all their currency was backed by their oil,
which is now worth a lot less than it was...
could it?
Does it have to be “an attack”?
It is a good thing that we don’t have to deal with the power of the Soviet Russia anymore, I would not liked to have seen that power in this nutcase’s hands.
I don’t see the 0bambi Administration having any hand in banks’ refusal to do business in Rubles.
0bambi loves anything that undermines Western Civilization, just like Putin does. 0bambi hasn’t been effective in any other dealings with Putin, and has never put the screws to him in any meaningful way.
This indicates to me that the banks are doing what’s in their own best interests.
It makes sense to stop doing business with Russia when the price of oil is approaching Russia’s marginal cost of producing oil. That price problem makes Russia virtually bankrupt.
Banks are obligated to their shareholders to avoid doing business with bankrupt entities that will put shareholder capital at risk.
It’s just hard old economics squeezing Puti.
He’ll spin it, of course. But it is Puti’s fault for doing nothing for the Russian economy.
PCR alert. Bush bringing down the WTC on 9/11 was not enough. The globalists never stop!
When oil collapses so quickly when the world economies are “managed”, this is designed to hurt Russia which is dependent on oil revenues. So yes it is an attack.
You put it more simply.
Looks like Obama wants to destroy America even faster. Leave it to this[mis]administration to engage in an act of war against a nuclear power.
If it is a deliberate attack, it isn’t coming from the USA, though.
The current leadership supports neither the collapse of Russia (an opponent of American) nor the increase in oil production and use.
This is all orchestrated by the US. Don’t forget that the US orchestrated the overthrow of the Russian backed government of Ukraine in order to surround Russia and provoke Russia. Now they are trying to destroy the Russian economy. The thing is Russia’s debt to GDP ratio is 8% whereas the US’ is nearly 100%. Russia has massive gold reserves and the US has none left. Russia can default on all its European $1.5 trillion loans and send the whole of Europe into a collapse and drag the world economy with it. This is not going to end well at all.
Really, What was Ukraine about then? Perhaps the geniuses in the State Dept. didn’t plan on Russia protecting their investment in the Crimea or supporting many Russian-centric people there. Current leadership is more like little kids provoking a chained dog with a weakened link in the chain.
The bankster(NWO) sociopaths want Russia off the international stage. As I see it, they see Russia’s resources as eventually their own.
Stupidity in matters financial = war?
IMHO, Russia worked long and hard to achieve its present financial problems.
Apart from the fact that Russia has been acting the way it has long before all of this . . . .
Russia screws up. Conservatives Blame America First. Film at 11.
The real question is, do you want a country that’s an economic basket case as judged by the fact that no one wants to invest in it, or do you want a country that’s "an economic basket case" because people do choose to invest in it.Unlike the United States, which has a massive trade deficit, and if the currency markets were not rigged, the dollar would be collapsing, the Russian economy has a trade surplus.Question: What’s the difference between a trade defict and net foreign investment in a country?Answer: Bupkis. They are the same thing.
Not sure how this will play out. Putin is unpredictable and Obama is basically a pink poodle in comparison.
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