With the USA massive debt, huge Treasury & trade deficits, failing Petro-dollar, they should be the last people to want a currency war
Jeff Nielson: U.S. economic terrorism (i.e. the One Bank’s economic terrorism) has hit a new extreme this week. This crime syndicate has launched what can be termed nothing less than an all-out effort to destroy the economy of Russia.
Its modus operandi is, once again, currency manipulation. What is the quickest/easiest way to destroy an economy? Drive the value of its currency as close to zero as possible. The effect of such a manipulated “devaluation” is a massive explosion in inflation. And the effect of that is to make all Russians much poorer.
The economic destruction caused by this economic terrorism affects Russians, and the Russian economy on a percentage-for-percentage basis. Each percentage lower that the banksters drive the ruble with their criminal manipulation makes Russians, and the Russian economy 1% poorer.
There are numerous aspects to this criminality which clearly merit categorizing this assault as a “new extreme”. To begin with; there is both the magnitude and the sheer brazenness of this attack on the ruble. The latest plunge in the ruble’s value came with Russia’s benchmark interest rate already at 10.5%. Here a comparison will be highly illustrative of the degree of criminality at work here.
The United States has a bankrupt economy. It is mired in a permanent, worsening Greater Depression. Its own currency, the mighty dollar is fundamentally worthless, based on three different, objective metrics. Yet despite the U.S.’s interest rate being permanently frozen at 0% (because the U.S. can’t afford to pay legitimate interest on its debts); the U.S. dollar is once again at the top of the totem-pole amongst the world’s currencies.
For those readers who don’t understand the relationship between interest rates and the value of a nation’s currency; it is a simple equation. We live in a global economy filled with an ocean of “liquidity”, almost all of it the paper wealth of the world’s oligarchs.
Very little of this “money” is ever productively invested; thus the oligarchs are permanently on the hunt for the best place to park this paper wealth. The higher the interest rate of any particular nation, the more interest the oligarchs can collect by converting their wealth into that nation’s currency. As (the equivalent of) trillions of dollars of this currency is bought-up on global markets, this forces the value of that currency higher – in legitimate markets.
Yet today, Russia’s national interest rate is set at 17%, and the value of the ruble is still falling. The interest rate of the (bankrupt) United States is still frozen at 0%, but the dollar is (still) rising. It is not simply nonsensical. It is blatant fraud, on a level never before seen in the history of the global economy.
Based on all of the fundamentals of the two economies; it is the U.S. economy which should be experiencing a “currency crisis”. And with its national interest rate at an ultra-extreme high; it is the Russian ruble which should be soaring in value. The actual value of these currencies is not merely “wrong” it is totally, absolutely perverse – and totally, absolutely illegal.
This brings us to the second aspect to this outrageous act of economic terrorism. The fraudulent manipulation of the world’s currencies by Western bankers (the One Bank) is now totally exposed. The (pretend) “regulators” of nearly every major Western economy are now publicly “investigating” these banksters for precisely this form criminal conduct.
Several of these thugs-in-suits have already been criminally charged with serial acts of currency-manipulation. The banksters’ eternal apologist, the Corporate media, publicly predicted that one or more of the Big Banks (tentacles of the One Bank) would be criminally charged. And even several of the banks themselves warned that they would likely be criminally charged.
What happened? Nothing. Again.
Yet again this crime syndicate – these economic terrorists – were let off with what cannot even be described as a slap on the wrist. They were “fined” paltry amounts, likely not even equal to the profits they made on their serial crimes of rigging the world’s currencies.
Thus the banksters of the One Bank are now known economic terrorists, with a known method for conducting their economic terrorism: currency manipulation. But as their crimes against humanity reach a new extreme, we see/hear nothing from the so-called “leaders” of the Rest of the World.
Where are the public denouncements of the economic terrorism now being directed against Russia? Given the interest rate differentials between Russia and the U.S., which has already been engaging in an undeclared war against Russia for over a year; there is no possible way that their currencies could be at opposite extremes in their official exchange rates – not if there was even the tiniest vestige of legitimacy remaining in the global currency “market”.
It is impossible for the plunge in the value of the ruble to be anything other than (more) U.S. economic terrorism. It is impossible that the leaders of the Rest of the World could fail to be aware of this terrorism. Yet again the haunting words of Pastor Martin Niemoller spring to mind:
First they came for the Socialists, and I did not speak out –
Because I was not a socialist.
Then they came for the Trade Unionists, and I did not speak out –
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out –
Because I was not a Jew.
Then they came for me – and there was no one left to speak for me.
Clearly the One Bank has now “come for Russia”. Ever since it ordered its servants in the U.S. government (the Fourth Reich) to engineer the coup in Ukraine (Russia’s closest neighbor), and to commence its economic and media/propaganda war against Russia; it has been clear that this crime syndicate now sought to destroy (at least in economic terms) one of the world’s great powers.
Now that war has reached a pivotal point, in symbolic terms, if nothing else. If all of the other nations in the world do nothing but sit back and watch as the One Bank destroys the Russian economy, in an act as blatantly illegal as it is totally malevolent, then Pastor Niemoller’s warning would have once again become reality.
It would demonstrate that the Rest of the World was nothing more than a flock of passive, impotent, pathetic Sheep – standing next to a handful of Psychopaths holding large shears.
It was little more than a week ago that the U.S. (Republican-dominated) Congress passed a resolution clearing a direct path for a declaration of war against Russia (World War III?). All that is required is for the One Bank’s favorite pet, (the Democrat) Barack Obama to pull the trigger. Yet again we see the U.S. Two-Party Dictatorship functioning as a tag-team.
If the One Bank is not successful in its present campaign to bring Russia to its knees via its total economic destruction, presumably the Fourth Reich will fabricate a pretext to declare war – and seek to do so by military means. However, there is one alternative interpretation to this latest economic terrorism by the U.S. We get an (obvious) clue to a possible, other agenda in the form of more of the Corporate media’s propaganda:
Traders Betting Russia’s Next Move Will Be To Sell Gold
Is this the One Bank’s real agenda in the new economic terrorism it is now directing at Russia, attempting to force it to disgorge some/most/all of its gold? There are several reasons to give this alternative agenda serious consideration, apart from the propaganda from Bloomberg, and numerous other media tentacles.
At the top of the list as to why the One Bank may have gold on its mind more than any other geopolitical agenda is that Russia has been increasing its gold reserves in recent months at a torrid pace. We already know based upon previous actions (and convolutions in precious metals markets) that the One Bank is deeply concerned about the near-depletion of all inventories/stockpiles of gold (under its own control).
This brings us to the second reason why we should give serious consideration to “the gold motive”. It was little more than a year ago that the One Bank directed a campaign of economic terrorism against India.
Why did it engage in such economic terrorism? Because (at that time) India was importing gold at an unprecedented rate. How did it engage in that campaign of economic terrorism? By attacking (i.e. illegally manipulating) the value of the rupee – and causing a “currency crisis”.
The only thing which makes the current, illegal assault on the ruble anything other than simple déjà vu is the ferocity of this economic terrorism. The illegal assault on India’s rupee was milder in its intensity, and the economic terrorism abated the moment that India’s government capitulated to the One Bank’s blackmail – by instituting a near-total embargo on gold imports.
Conversely, even if the banksters are successful in forcing Russia (as an act of final desperation) to sell some/most of its gold, we have absolutely no reason to believe that the One Bank would relent in its economic terrorism, this time. The overall campaign by the puppet-governments of the fascist West to destroy Russia is clearly nothing less than an existential threat to that nation.
Yet throughout the Rest of the World; there seems to be an attitude of little more than “business as usual”. United we stand. Divided we fall. It’s true for us, individually, as people. It’s (now) also true for us collectively, as nations.
The fascist malevolence of the One Bank knows no boundaries. Last time it generated such a crescendo of hate and aggression between nations, it produced a world war. Hopefully there is still time to prevent more of its greed-driven madness.
Uprooted Palestinian 
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Blog!
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