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EU to Surrender Russian Assets to Ukraine
Armstrong Economics ^ | 13 Jun24 | Martin Armstrong

Posted on 06/13/2024 8:51:06 AM PDT by delta7

The United States discussed plans to provide Ukraine with a loan paid out with Russian assets that have been frozen since the start of the war. The bulk of frozen Russian assets lie in Europe, and the European Union has announced its plans to “make Russia pay” by allocating those assets to Ukraine to fund its war against Russia directly.

Ukraine will receive $1.6 billion in frozen Russian assets this July, according to European Commission President Ursula von der Leyen who spoke at the Ukraine Recovery Conference 2024 on June 11. She stated that 90% of stolen Russian funds will go directly to defense, while the other 10% will be put toward the reconstruction effort. “My friends we have always said that Russia must be held accountable for its crimes and now we make Russia pay,” von der Leyen said.

I already noted that President Joe Biden said Ukraine will receive a loan of up to $3.7 billion through 2025. The elites claim these funds amount to money that the Russian oligarchs stole from the Russian people, but that is simply not the case. The West has confiscated assets from a foreign nation during a time of peace as Ukraine is not in the NATO alliance. Now the West is using those illegally confiscated assets to attack its adversary. This is complete and total economic warfare.

No one knows where the money that is packaged as Ukrainian aid actually goes. Portions are funneled back into the military-industrial complex and paid out to the very nations supplying aid. Everyone acts on the invisible hand in their own best interest. None of these aid packages were meant to be a handout, and Ukraine would suffer the repercussions.

Russia was patient as the West held their citizen’s wealth hostage. Putin has said numerous times that he is fighting a war with the West and not Ukraine at this point in time. Russia would have easily defeated Ukraine had there been no interference, and Russia would have never invaded in the first place had their been no interference (see: Minsk Agreement). Boris Johnson took it upon himself to go to Ukraine the moment peace was on the table to foil that plan.

Economic warfare is now on the table. China has been watching. Europe and the US are not at war in China, Taiwan is not in NATO, but nothing is preventing them from seizing Chinese assets over Taiwan and claiming that they are merely fighting for freedom. There is no longer respect for international law; the rules no longer apply.


TOPICS: Crime/Corruption; Foreign Affairs
KEYWORDS: assets; economicwarfare; russia; ukraine; war
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To: E. Pluribus Unum

Very possible—But do the people of their lands want war? Maybe its time for revolutions like 1848. Have the people become just wimpified sheep who can do is vote to change things? That right can easily be removed (as it was in Ukraine) by a “crisis.” They can’t even fight back from mobs of Middle Easterners the upper class imported for cheap labor and an government paid consumers. People get the governments they deserve—but what does that say about America?


41 posted on 06/13/2024 8:48:21 PM PDT by Forward the Light Brigade (. War is Hell)
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To: DesertRhino

Her grandpa was an actual Nazi.

Who cares what her grandpa did? That sounds a lot like the Rats saying white people owe reparations for the actions of a few white slaveowners 160 years ago. Better to focus on what people alive today are up to.

42 posted on 06/13/2024 9:57:46 PM PDT by FormerFRLurker ("Those who can make you believe absurdities can make you commit atrocities"-Voltaire)
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To: FormerFRLurker

I am. She is carrying on Nazi grandpas work. Along with Schwab, Freeland, Sholtz and God only knows how many others.


43 posted on 06/14/2024 2:32:28 AM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2024... RETURN OF THE JEDI. )
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To: T.B. Yoits; farmguy
European Union citizens will end up paying it since Russia will raise the price of oil

Good, yet another reason for Europe to not deal with these monsters.


44 posted on 06/14/2024 5:11:17 AM PDT by canuck_conservative (NATO - now celebrating 75 successful years of keeping the Russian monsters out!!)
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To: T.B. Yoits; farmguy
European Union citizens will end up paying it since Russia will raise the price of oil

Good, yet another reason for Europe to not deal with these monsters.


45 posted on 06/14/2024 5:11:17 AM PDT by canuck_conservative (NATO - now celebrating 75 successful years of keeping the Russian monsters out!!)
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To: delta7

Our currency left the gold backing in 1972….Nixon removed us from a gold backed currency.Secondly, all nations of the EU are buying gold by the tonnage.
The Basel agreements state Gold physical is a Tier One asset.

It took Germany six years to repatriate their gold from the US- we do not have what they say we have.
-
Do you have a reference. My understanding is that the U.S. has 70% of its currency backed by gold. That’s not bad but could be better. I was surprised that our gold reserves were that high. It’s not the end of the world, at least, not yet.


46 posted on 06/20/2024 5:57:55 AM PDT by thepoodlebites (and that government of the people, by the people, for the people, shall not perish from the earth.)
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To: thepoodlebites

My understanding is that the U.S. has 70% of its currency backed by gold.
———-
There has not been a full audit of our Gold reserves since the 1950’s. Even when members of our Congress called for a full audit, it was never fully accomplished. Many “ rumors” we no longer have what we say we have,

https://www.tapatalk.com/groups/bill_still_reforum/viewtopic.php?f=3&t=14&sid=d00470976c44149c16f89d901a091b9e&view=print

“ How was the Fort Knox gold drain first discovered? Although the London Gold Pool and gold sales were by no means a secret, the full implication of the gold drain from America was understood by very few people until it hit one of the early tabloids in 1974. What followed was a typical scenario of government stonewalling, half-truths and lies that eventually backed the bureaucrats into a corner, but not without some dedicated work by one determined individual, Ed Durell.

Informant Dies Mysteriously

New York — On July 3, 1974, 59-year-old Louise Auchincloss Boyer died after falling from the window of her 10th-floor apartment at 530 East 86th Street. The event was ruled a probable suicide and duly reported the next day in the New York Times. Note that Mrs. Boyer was the granddaughter of none other than Col. House, the man who guided the Federal Reserve Act through Congress for Morgan, Rockefeller, Warburg and company.….”

…and NO Nixon took us off the Gold standard when France ( DeGaulle) started turning in our Federal Reserve notes for physical gold. Well documented.


47 posted on 06/20/2024 6:38:30 AM PDT by delta7
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To: delta7

How was the Fort Knox gold drain first discovered?

Thanks for the info. The “70% of U.S. currency backed by gold” was presented on Charles Payne (Fox Business). It seemed a bit optimistic.


48 posted on 07/02/2024 10:16:54 AM PDT by thepoodlebites (and that government of the people, by the people, for the people, shall not perish from the earth.)
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To: thepoodlebites

I posted this awhile back….what has happened to our Gold? Basically, how all the Congressional investigations to our gold holdings were shut down.

https://www.tapatalk.com/groups/bill_still_reforum/viewtopic.php?f=3&t=14&sid=d00470976c44149c16f89d901a091b9e&view=print

“Informant Dies Mysteriously

New York — On July 3, 1974, 59-year-old Louise Auchincloss Boyer died after falling from the window of her 10th-floor apartment at 530 East 86th Street. The event was ruled a probable suicide and duly reported the next day in the New York Times. Note that Mrs. Boyer was the granddaughter of none other than Col. House, the man who guided the Federal Reserve Act through Congress for Morgan, Rockefeller, Warburg and company. Although to date it has not been determined whether there was a relationship, Jackie Kennedy’s father was Hugh Auchincloss. It is known that Jackie’s grandfather helped John D. Rockefeller found Standard Oil.
Mrs. Boyer’s death torched a firestorm of controversy and rocked a previously inviolable element of Americana — the security of the nation’s gold reserves held at Fort Knox. Perhaps not coincidentally, only three days earlier, Mrs. Boyer, had been featured as an unnamed source in a spectacular story in the tabloid, National Tattler. Readers were shocked by the sensational headline:

“International Monetary Expert Sounds Alarm:
NO GOLD LEFT IN FORT KNOX!
Federal Reserve System Charged With Secret Sale of
U.S. Gold Supplies Overseas to Super-Rich David Rockefeller.”
The story charged that the Rockefeller family was manipulating the Federal Reserve to sell off Fort Knox gold at low prices to anonymous European speculators who were really fronting for them. Mrs. Boyer was the executive assistant to former Gov. Nelson Aldrich Rockefeller (remember where that name, Aldrich, came from? Nelson’s grandfather, Senator Aldrich, one of the founders of the Fed), and had served him in one capacity or another since 1944, just as her husband had served Laurence S. Rockefeller for many years before his death two years earlier.

Durell Begins Investigation

The charges contained in the Tattler story seemed unbelievable to most Americans, but, fortunately, 80-year-old Ed Durell, a wealthy Ohio industrialist, took them seriously. Durell contacted the source of the article, Dr. Peter David Beter, a former legal counsel for both the American Gold Association and the U.S. Export-Import Bank and satisfied himself that the charges at least merited a preliminary investigation.

After the death of Mrs. Boyer, on September 1, 1974, author Tom Valentine wrote a follow-up piece that ran in The National Tattler, entitled:….”

————

With the world moving towards Gold reserves ( historical purchases by the world’s Central Banks) , Trump needs to do a full audit of our Gold Reserves.


49 posted on 07/02/2024 1:38:35 PM PDT by delta7
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