The economist does only two things: consult with his crystal ball as to where the economy is headed. He is never right, but still has the audacity to lecture people as to why he should be trusted - because, he is an economist. The second thing he does is engage in ideological lecturing. In this role, he is basically trying to “scientifically” backup whatever the regime has planned for its subjects.
In the 1980s at school, we studied Milton Friedman, who was Margaret Thatcher's economics guru. Milton Friendman insisted in controlling the money supply using a measure called Sterling M3, which would then have an impact on reducing inflation. This was accompanied by massive deliberate deindustrialisation and the abandonment of coal in favour of imported gas.
At the time it all seemed to make sense. Britain was being modernised from a secondary to a service economy and inflation was coming down.
It was only 30 years later that I understood how voodoo this whole scenario was. A government cannot control money supply as private banks create money electronically everytime someone takes out a loan.
Under Thatcher, the UK was extracting more than enough gas from under the North Sea. The technological development achieved was both exported to other countries or enabled British companies to extract oil and gas abroad profitably. That choice has been enormously positive for the UK.
The big problem for the coal miners and the steelmakers was that it was cheaper to import coal from Africa or Australia and cheaper to import low-grade steel from South Korea and Japan than to produce it in the UK. While the coal industry closed down, the steel industry has adapted and lived on in a shrunken form. It was again mauled in 2015 by Chinese subsidised exports but has survived. With a modicum of help, it could thrive again.
Contrary to current perception, Thatcher wanted to modernise industry and keep the UK an industrial power. Tony Blair and the subsequent tory ineptness are responsible for the deindustrialisation.
With all due respect this isn't strictly true - the Oil funded the dole for a while and there were small proportions of coal and steel that were still profitable. Problem was that the miners leader was an open Marxist who wanted revolution and any concessions to them would've lead to a constitutional crisis.
Realistically if the industry wasn't viable everyone should've been given training grants for something else or the oil wealth should've at least been used as a short term cushion to change things. A lot of Central Scotland and Northern England became lumpen territory.
My understanding is that a bureaucracy is unable to identify which part of a declining industry can be restructured and remain viable. So it is either showering money on everyone or no money at all. Thatcher chose no money for the coal miners. I also believe she perceived the workers as ennemies, which was a terrible state of mind.
The defiance of workers was legitimate though. Most of the managerial class of the 1970's was part of the Oxford-Cambridge club and looted the industry instead of investing in a new cycle. They were not good at running the companies, they suppressed many competent underlings not part of the club, and simply stole money by shifting it to fiscal paradises in the former colonies, when they understood that their company was about to fail. In some cases they arranged with the top civil servants from the club for the state to take over their failed companies and use public funds to keep it going.
I do not exonerate the upper class from their failings and for pushing their failings onto the state. Thatcher came to power in the midst of a massive economic mess that was poorly reflected in the media of the time. She should have hit the upper class too, not only the working class.
Yep. Same thing happened with the shipyards in Glasgow in the early 1970s, until ironically the Communist-led UCS work-in proved the yards were viable.
No British movement can be taken seriously unless it views Scotland as part of the North-South divide. We nearly broke the state over 10 years ago and we can cross-examine any future UK government to make them bend to our will, with all due respect. We want to be as wealthy as the SE of England.
As an addendum, here's some Peter The Great material [1][2][3]. Some of it in Russian, but it's easy to machine translate everything today. Use MS Edge browser built-in page translator as it's far better than either the FF one or the Chrome one.
How-to enable MS Edge automatic page translator: Click three-dots-menu in the top right corner -> click 'Settings' -> click 'Languages' section on the left side -> enable option on the right titled 'Offer to translate pages that aren't in a language I read'. After that, every time you visit some foreign language page, Edge will offer to translate it automatically. it's super fast and very good - highly recommended.
How to auto-translate YouTube video: Click CC icon (to turn the subtitles on), click the Gear icon (settings), click 'Russian (auto-generated) >', click 'Auto-translate', and select English. Done!
[3] The abolition of the Patriarchate by Peter I and the establishment of the Holy Governing Synod — Library — Orthodox Encyclopedia Church Research Center
Упразднение Петром I патриаршества и учреждение Святейшего Правительствующего Синода — Библиотека — Церковно-Научный Центр "Православная Энциклопедия"
Some machine translated comments from visitors below the article [1]
• He knew a lot. His wife immediately went to the monastery, without even meeting. The old confessor has never been dismissed. He never tried on all the old clothes from the period before his trip to Amsterdam (and then the outfits could be inherited even from the tsars). All servants were resigned, new ones were recruited. Of all those who left for Amsterdam with him, only Menshikov returned, all the others disappeared (and these are two hundred not ordinary people, but nobles) and only foreigners were surrounded. The newcomer was strangely poorly educated and did not know Russian, and later only German and Dutch were spoken at court. He was sick with tropical fever, which can only be acquired in the tropics. He showed great experience in boarding battles (where did he learn?, this is a very specific type of fight). You can go on for a long time. Portraits BEFORE and AFTER the trip have differences, although there are similarities.
• After the poisoning of Ivan the Terrible and his family, Boris Godunov was also destroyed. The Poles first put a Pole on the throne, and then put Mishenka Romanov on the throne. How many attempts were there to insert various impostors on the throne of RUS-RUSSIA? We only know about those that are in the history books. Today, another candidate for impostors is feeding in Europe with her family. Have you already forgotten *Gorby* and how he was dragged into power? Have you forgotten the consequences? And after that, they shove me about the *impossibility of substitution* and other crap, instead of at least somewhat sane consideration of what happened in reality. By the way, today scientific titles are given only after approval abroad. Including history.
• Especially amusing is the opus about the support of Peter by the Orthodox Church. Aga supported his church. How could you not know the history of your country to say such a thing? Peter defeated the Orthodox Church for the sake of the convenience of his existence - he eliminated the patriarchate so as not to receive the obligatory blessing of all his actions, which was mandatory for all tsars in Russia. This led to a split in the church and the exodus of Old Believers to Siberia and the Urals. Then Peter robbed the church - took away all the land, all the peasants, gold and silver, and poured the bells into cannons. The old church anathematized him as the Antichrist. And by the way, in February 1917, the church supported the abdication of the tsar and the elimination of the autocracy, since the Provisional Government was one of the first to restore the patriarchate by decree. As it backfired, so it responded.
Here's how Russia is being robbed by the West during Putin's reign!
Sergei Glazyev, leading Russian economist, said that the biggest damage done to Russia financially by the West was not done through sanctions, but rather through the floating ruble FX rate (monetary policy) that Putin allowed and Wall Street used for their "games". Since Sergei's patriotic suggestions were not liked by the globalists around Putin, he was let go. Below is one very good read featuring writings of Sergei Glazyev [1] (note: second link [2] is Sergei Glazyev's original essay included only for convenience, as the first article includes the entire essay as well).
And unfortunately, that is not all - check out two articles about the theft of Russia's gold [3][4], as well as the grant theft through their "own" FED-like central bank.
[1] Dances With Bears | John Helmer | Black box defense for the Russian economy – dollar debt repayments blocked; gas and oil deliveries to Germany stopped; oligarch assets nationalized:
Why doesn't Russia have a democracy like other countries in Europe?
I drove thirty miles from Kremlin and this is what I saw. A big puddle between two rows of Soviet era garages. A crude construction with metal doors welded into brick masonry. In the background there’s a tall apartment block surrounded by summer dachas.
Yesterday, I visited my friend whose childhood friend is stationed with the invading forces in Ukraine. He said that out of promised 200,000 rubles per month soldiers get at best 50,000 rubles ($500) which soldiers use entirely to buy food, clothes and items of personal hygiene.
The rest of the money is stolen by the regional authorities and the ministry of defense. That’s one of the key reasons why there’re fewer and fewer volunteers to go to war.
My friend lives in Povarovo, an hour drive (granted there’s no traffic) west of Moscow.
I used the opportunity to change my KIA’s summer tires to winter tires. The Michelin tires cost today more than I paid for them four years ago.
If I sell my car today I will be paid more than I paid for it five years ago. In the economic charts it might appear that Russian economy is growing but standards of living of the common people have plummeted.
The overall mood in my friend’s circle of friends and family is apathetic.
I bought LukOil motor oil. There’s a shortage of car parts of the European brands that have exited the market.
Nobody wants to do anything as inflation keeps going up and there are no positive prospects for the future. People don’t believe anymore that the war will end any time soon, and even if it does it won’t change anything.
There will still be sanctions and Cold War 2 with the West for decades.
On the way back, I drove past a Mercedes plant. Putin inaugurated it several years before he invaded Ukraine. Germans produced semi trucks here. They left and the Chinese took over.
More than 90% of passenger cars and almost hundred percent of trucks imported to Russia originate from China.
The Mercedes factory is being utilized for final assembly of big parts of a Chinese car brand. My friend told me that Russian managers were in heaven when they saw the German engineers and managers depart but quickly realized that they can’t operate sophisticated machinery.
Local authorities organized paramilitary exercises on the premises but it resembled the behavior of primitive savages, and they invited the Chinese to do something more civilized with it.
Rebranded KFC continues to operate as a reminder of gentler and simpler times. The future looks even more complicated and difficult than the present.
Beware of the Firer. I sometimes read his prose on Quora. I do not consider it as trustworthy. He leaves out important details.
For instance on the lory plant, the inability of Russians to operate some of the Mercedes machine tools is by design. The Germans kept knowledge and control of key processes to prevent a group of smart Russians from cloning the plant and starting their own lory fabrication company. It is standard practice in almost all Western companies with serious industrial know-how. The Chinese brought their own key workers and replaced part of the machinery. They do not produce the same lories.
For your enlightenment, the Chinese bought Volvo and the leftovers of Saab in 2011 in order to access the European car technology and manufacturing know-how so as to improve their own in China.
Thanks, but yes, I know about Geely and Volvo/Saab. Yeah, I don't take anything for granted from Quora or anywhere else and I generally consider Firer more of a sarcastic figure than a source of information, even though he does sometimes share interesting things from daily life
There are some nice gold nuggets in the article again (LABOR 👍). I do like how you explain that fake science called Economics. Studied it a bit myself. As an add on to that: Economics wasn't considered a serious science long into the 19th century, which of course angered it's disciples. Natural sciences were en vouge, that is the reason why economics came up, and are still coming up with all this fancy looking formulas which never work in reality. But my little gold nugget is the Nobel prize. There is NO Nobel prize for economics! It's proponents were of course very upset about that. So to be taken more serious by the established scientists they got the Swedish Reichsbank to issue a price called "price of the Swedish Reichsbank in memory of Alfred Nobel". As nobody wants to deal with this kind of word monster it is called "Nobel price" as well. But this are two different institutions. "Scientists" and their vanities :-) (p.s. Not saying that other sciences are much better)
The Russian Central Bank is independent of the Russian government, but it is not independent of its shareholders, some of which are probably Western financial institutions. That is what Catherine Austin Fitts said recently on the Solari Report. I am not sure how it works, as I studied law and not economics, but I have heard that most American economics departments do not even teach how central banks operate. I know that American law schools do not teach the law of money. In 2008, my Harvard law school educated colleague, working at the US Treasury was wondering how Bernanke found the money to bail out banks.
" but I have heard that most American economics departments do not even teach how central banks operate. I know that American law schools do not teach the law of money. "
Nor do they ever spell out why central banks are needed in the first place when governments can print their own debt free money.
Sounds like the Russia's have the same setup as the US Federal Reserve, i believe the shareholders are secret. But i read ages ago it was know that the Warburgs and Rothschilds were shareholders of the Fed.
The shareholders’ positions in each of the 12 banks are correlated to the ownership and relative size of the banks in each of the areas overseen by each fed bank. So, you have to look at who ultimately owns the banks that own each Fed.
Who helped "reform" Russia and write its constitution and financial system ? The answers are always in plain sight.
" Over 5,000 Russian and U.S. judicial officials have taken part in exchanges and events resulting in strong partnerships between Russian judicial bodies and U.S. counterparts. "
" USAID supports civil society organizations whose number and influence has grown from 40 registered organizations in 1987 to approximately 300,000 today, not including state-funded public organizations. These organizations contribute to Russia’s economic, political and social life in numerous ways and provide opportunities for citizens to help create better communities and elevate their voices.
Since 1992, USAID has supported the development of professional relationships between Russian and American journalists, publishers, electronic media managers, designers, content developers, advertising specialists and new media practitioners. In recent years, USAID media programs have worked to encourage convergence between traditional and new, innovative digital media.
USAID-funded Rule of Law implementers helped draft the Russian Constitution, Part I of the Russian Civil Code, and the Russian Tax Code.
As the first Deputy Prime Minister under Boris Yeltsin, Gaidar was a key architect of the radical market reforms known as "shock therapy." These reforms aimed to dismantle the Soviet-era planned economy and introduce market principles.
Anatoly Chubais: Another prominent figure in the early 1990s, Chubais was involved in privatizing state-owned enterprises and implementing market-based reforms.
Central Bank of Russia:
Various Governors: The Central Bank of Russia has played a crucial role in shaping the country's monetary policy and financial stability. Successive governors, including Sergei Dubinin and Elvira Nabiullina, have implemented reforms and policies to strengthen the financial system.
International Financial Institutions:
International Monetary Fund (IMF): The IMF provided financial assistance and technical advice to Russia during its transition to a market economy. IMF economists and experts played a role in shaping economic policies and financial reforms.
World Bank: The World Bank also provided financial support and technical assistance to Russia. World Bank experts contributed to the development of financial infrastructure and regulatory frameworks. "
That leaves Vladivostok as the sole shipping terminal, and Vladivostok is under threat from the Chinese who already have somewhat over a million nationals in the area. That's going to force Putin's hand on Ukraine, he either has to take it or face ruin - and the ruble is getting close to free fall despite Nabiullina's machinations. If Zelenskyy isn't absolutely crazy, he'll renew the transit agreement - he stays in power and his country stays more or less free of Russia only because Putin wants it that way - and I'll bet he's fully aware of that. The interesting period will be in January, between the scheduled end of the transit agreement, and Trump taking office on 20 January. My bet is that terms for a ceasefire are arrived at - with the aid of Trump's team - somewhere in that time frame, to be announced shortly after Trump takes office. In the meantime, Biden/Obama and NATO will do their best to kick off a hot war with Russia partially to present Trump with a fait accompli in which the US MIC keeps its power - which Trump is in a mortal battle against.
Yeah, but I don't think Trump is anything more than a stooge for at least a faction of the MIC Deep State etc. Just by looking at the horrid creatures he nominated.
All those Chinese will get a call someday to rise up, same with all those turks and middle easterners in Europe. They are a 5th column waiting for the ripe time or a signal to take over.
It is time for an honest discussion about Turkey’s role in destabilizing the Middle East.
Erdogan’s foreign policy began as a bold, rebellious, neo-Ottoman vision—an ambitious attempt to restore Turkey’s influence over former Ottoman territories. However, this vision was eventually co-opted to serve Western interests in the region. What proved intolerable to the West, however, was Erdogan’s growing hostility toward Israel, exemplified by incidents like the Mavi Marmara crisis.
The turning point came in 2016. On a fateful night, Erdogan found himself on the brink of elimination during the coup attempt. Forced to plead with his people over FaceTime—appearing like a character pulled from a bad parody—he narrowly escaped an assassination attempt by commandos at his resort in Marmaris. That night, the old Erdogan died.
The message from the West was clear: opposition to Israel’s agenda was unacceptable. Erdogan capitulated almost immediately. Since then, his resistance has been reduced to little more than hollow rhetoric. His behavior over the past 13 months underscores this transformation. Despite fiery speeches, Turkey continued to supply oil to Israel without interruption, and Erdogan has worked to undermine Assad—one of Israel’s staunchest adversaries in the region.
Critics are right to point out that the United States and Israel benefit most from these developments. Yet, their success would have been far harder to achieve without Turkey’s willing participation. Turkey has become a hub for militant state-sponsored Islamism, with its influence stretching from Syria through Central Asia to China’s Xinjiang region.
It is Turkey that targets so-called “Turkish brother nations” with a toxic blend of radical Islamism, revisionist history, pan-Turkism, and victimhood propaganda. This strategy not only extends Turkey’s influence but also radicalizes individuals, turning them into tools for Western geopolitical objectives. The infamous Crocus terrorist attack in Moscow, for instance, was traced back to Turkish training camps.
Meanwhile, the jihadis left festering in Idlib have been unleashed once more, spreading chaos across Syria as they did a decade ago. This chaos is not incidental—it is cultivated, supported, and funded by the Turkish state. Under Erdogan, Turkey has become the world’s largest state sponsor of terrorism, a willing accomplice in advancing the U.S. Empire’s objectives in the region.
The rest of Erdogan’s posturing is mere theater—smoke and mirrors designed to deceive only those still willing to believe in a dream that has long since died.
From Moscow to Beijing, it’s time to face this reality.
Globalists fragment both core and periphery. Much of New York is 3d world. Paris overrun by migrants. 100 years ago rather different. Having no home country per se our Globalists from London to LA see the planet as fly over country to exploit.
You are a national treasure.
Very accurate take on the economist profession. I wrote a piece on that, actually. https://substack.com/@derwaldgng/p-150251453
The economist does only two things: consult with his crystal ball as to where the economy is headed. He is never right, but still has the audacity to lecture people as to why he should be trusted - because, he is an economist. The second thing he does is engage in ideological lecturing. In this role, he is basically trying to “scientifically” backup whatever the regime has planned for its subjects.
Appreciated your piece on 'parasitical professions'...
https://korybko.substack.com/p/the-terrorist-offensive-in-aleppo bummer, things ain't looking good for Assad and co. Can you do a deep dive on Putin's motives for intervening in Syria and the general relations between Syria and Russia / USSR?
In the 1980s at school, we studied Milton Friedman, who was Margaret Thatcher's economics guru. Milton Friendman insisted in controlling the money supply using a measure called Sterling M3, which would then have an impact on reducing inflation. This was accompanied by massive deliberate deindustrialisation and the abandonment of coal in favour of imported gas.
At the time it all seemed to make sense. Britain was being modernised from a secondary to a service economy and inflation was coming down.
It was only 30 years later that I understood how voodoo this whole scenario was. A government cannot control money supply as private banks create money electronically everytime someone takes out a loan.
I have a useless economics A Level
Under Thatcher, the UK was extracting more than enough gas from under the North Sea. The technological development achieved was both exported to other countries or enabled British companies to extract oil and gas abroad profitably. That choice has been enormously positive for the UK.
The big problem for the coal miners and the steelmakers was that it was cheaper to import coal from Africa or Australia and cheaper to import low-grade steel from South Korea and Japan than to produce it in the UK. While the coal industry closed down, the steel industry has adapted and lived on in a shrunken form. It was again mauled in 2015 by Chinese subsidised exports but has survived. With a modicum of help, it could thrive again.
Contrary to current perception, Thatcher wanted to modernise industry and keep the UK an industrial power. Tony Blair and the subsequent tory ineptness are responsible for the deindustrialisation.
With all due respect this isn't strictly true - the Oil funded the dole for a while and there were small proportions of coal and steel that were still profitable. Problem was that the miners leader was an open Marxist who wanted revolution and any concessions to them would've lead to a constitutional crisis.
Realistically if the industry wasn't viable everyone should've been given training grants for something else or the oil wealth should've at least been used as a short term cushion to change things. A lot of Central Scotland and Northern England became lumpen territory.
My understanding is that a bureaucracy is unable to identify which part of a declining industry can be restructured and remain viable. So it is either showering money on everyone or no money at all. Thatcher chose no money for the coal miners. I also believe she perceived the workers as ennemies, which was a terrible state of mind.
The defiance of workers was legitimate though. Most of the managerial class of the 1970's was part of the Oxford-Cambridge club and looted the industry instead of investing in a new cycle. They were not good at running the companies, they suppressed many competent underlings not part of the club, and simply stole money by shifting it to fiscal paradises in the former colonies, when they understood that their company was about to fail. In some cases they arranged with the top civil servants from the club for the state to take over their failed companies and use public funds to keep it going.
I do not exonerate the upper class from their failings and for pushing their failings onto the state. Thatcher came to power in the midst of a massive economic mess that was poorly reflected in the media of the time. She should have hit the upper class too, not only the working class.
Yep. Same thing happened with the shipyards in Glasgow in the early 1970s, until ironically the Communist-led UCS work-in proved the yards were viable.
No British movement can be taken seriously unless it views Scotland as part of the North-South divide. We nearly broke the state over 10 years ago and we can cross-examine any future UK government to make them bend to our will, with all due respect. We want to be as wealthy as the SE of England.
Thanks Rolo!
As an addendum, here's some Peter The Great material [1][2][3]. Some of it in Russian, but it's easy to machine translate everything today. Use MS Edge browser built-in page translator as it's far better than either the FF one or the Chrome one.
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How-to enable MS Edge automatic page translator: Click three-dots-menu in the top right corner -> click 'Settings' -> click 'Languages' section on the left side -> enable option on the right titled 'Offer to translate pages that aren't in a language I read'. After that, every time you visit some foreign language page, Edge will offer to translate it automatically. it's super fast and very good - highly recommended.
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How to auto-translate YouTube video: Click CC icon (to turn the subtitles on), click the Gear icon (settings), click 'Russian (auto-generated) >', click 'Auto-translate', and select English. Done!
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[1] The version about the substitution of Peter the Great
EN: https://en.topwar.ru/175285-alternativnaja-istorija-versija-o-podmene-petra-pervogo.html
RU: https://topwar.ru/175285-alternativnaja-istorija-versija-o-podmene-petra-pervogo.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
YT video linked in the article
[2] The terrible secret of Peter the Great - YouTube
Страшная тайна Петра Великого - YouTube
https://www.youtube.com/watch?v=9hIUPETjx2I&t=4s
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[3] The abolition of the Patriarchate by Peter I and the establishment of the Holy Governing Synod — Library — Orthodox Encyclopedia Church Research Center
Упразднение Петром I патриаршества и учреждение Святейшего Правительствующего Синода — Библиотека — Церковно-Научный Центр "Православная Энциклопедия"
https://www.sedmitza.ru/lib/text/436396/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Some machine translated comments from visitors below the article [1]
• He knew a lot. His wife immediately went to the monastery, without even meeting. The old confessor has never been dismissed. He never tried on all the old clothes from the period before his trip to Amsterdam (and then the outfits could be inherited even from the tsars). All servants were resigned, new ones were recruited. Of all those who left for Amsterdam with him, only Menshikov returned, all the others disappeared (and these are two hundred not ordinary people, but nobles) and only foreigners were surrounded. The newcomer was strangely poorly educated and did not know Russian, and later only German and Dutch were spoken at court. He was sick with tropical fever, which can only be acquired in the tropics. He showed great experience in boarding battles (where did he learn?, this is a very specific type of fight). You can go on for a long time. Portraits BEFORE and AFTER the trip have differences, although there are similarities.
• After the poisoning of Ivan the Terrible and his family, Boris Godunov was also destroyed. The Poles first put a Pole on the throne, and then put Mishenka Romanov on the throne. How many attempts were there to insert various impostors on the throne of RUS-RUSSIA? We only know about those that are in the history books. Today, another candidate for impostors is feeding in Europe with her family. Have you already forgotten *Gorby* and how he was dragged into power? Have you forgotten the consequences? And after that, they shove me about the *impossibility of substitution* and other crap, instead of at least somewhat sane consideration of what happened in reality. By the way, today scientific titles are given only after approval abroad. Including history.
• Especially amusing is the opus about the support of Peter by the Orthodox Church. Aga supported his church. How could you not know the history of your country to say such a thing? Peter defeated the Orthodox Church for the sake of the convenience of his existence - he eliminated the patriarchate so as not to receive the obligatory blessing of all his actions, which was mandatory for all tsars in Russia. This led to a split in the church and the exodus of Old Believers to Siberia and the Urals. Then Peter robbed the church - took away all the land, all the peasants, gold and silver, and poured the bells into cannons. The old church anathematized him as the Antichrist. And by the way, in February 1917, the church supported the abdication of the tsar and the elimination of the autocracy, since the Provisional Government was one of the first to restore the patriarchate by decree. As it backfired, so it responded.
" There is no need to dig deep into economic mumbo-jumbo to figure out what has been going on. Economics™ isn’t even a real thing. "
So true. If scamonomics actually worked nations would never have debt, inflation, depressions, and so forth.
Additionally, Can someone name any nation on this planet that print its own debt free currency ? I'll wait.
You may find this interesting:
Russian billionaires and their families who bought EU passports through Cyprus golden passport investment scheme are losing their passports!
https://politis.com.cy/politis-news/cyprus/867644/idoy-ta-chrysa-diavatiria-poy-anaklithikan-o-p-exasfalise-kai-dimosievei-ton-onomastiko-katalogo
Here's how Russia is being robbed by the West during Putin's reign!
Sergei Glazyev, leading Russian economist, said that the biggest damage done to Russia financially by the West was not done through sanctions, but rather through the floating ruble FX rate (monetary policy) that Putin allowed and Wall Street used for their "games". Since Sergei's patriotic suggestions were not liked by the globalists around Putin, he was let go. Below is one very good read featuring writings of Sergei Glazyev [1] (note: second link [2] is Sergei Glazyev's original essay included only for convenience, as the first article includes the entire essay as well).
And unfortunately, that is not all - check out two articles about the theft of Russia's gold [3][4], as well as the grant theft through their "own" FED-like central bank.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
[1] Dances With Bears | John Helmer | Black box defense for the Russian economy – dollar debt repayments blocked; gas and oil deliveries to Germany stopped; oligarch assets nationalized:
http://johnhelmer.net/black-box-defence-for-the-russian-economy-dollar-debt-repayments-blocked-gas-and-oil-deliveries-to-germany-stopped-oligarch-assets-nationalized/
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[2] Sanctions and Sovereignty | Sergei Glazyev
https://rentry.co/sanctions-and-sovereignty
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[3] Russia is getting gold-robbed | Riley Waggaman aka Edward Slavsquat
https://edwardslavsquat.substack.com/p/russias-gold-is-being-robbed
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[4] Why did Russia's largest bank empty its gold vaults? | Riley Waggaman aka Edward Slavsquat
https://edwardslavsquat.substack.com/p/why-did-russias-largest-bank-empty
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Yeah glazyev is good. He ran with the national-socialists for a time.
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Writes about Russia on patreon.com/mishafirerNov 13
Why doesn't Russia have a democracy like other countries in Europe?
I drove thirty miles from Kremlin and this is what I saw. A big puddle between two rows of Soviet era garages. A crude construction with metal doors welded into brick masonry. In the background there’s a tall apartment block surrounded by summer dachas.
Yesterday, I visited my friend whose childhood friend is stationed with the invading forces in Ukraine. He said that out of promised 200,000 rubles per month soldiers get at best 50,000 rubles ($500) which soldiers use entirely to buy food, clothes and items of personal hygiene.
The rest of the money is stolen by the regional authorities and the ministry of defense. That’s one of the key reasons why there’re fewer and fewer volunteers to go to war.
My friend lives in Povarovo, an hour drive (granted there’s no traffic) west of Moscow.
I used the opportunity to change my KIA’s summer tires to winter tires. The Michelin tires cost today more than I paid for them four years ago.
If I sell my car today I will be paid more than I paid for it five years ago. In the economic charts it might appear that Russian economy is growing but standards of living of the common people have plummeted.
The overall mood in my friend’s circle of friends and family is apathetic.
I bought LukOil motor oil. There’s a shortage of car parts of the European brands that have exited the market.
Nobody wants to do anything as inflation keeps going up and there are no positive prospects for the future. People don’t believe anymore that the war will end any time soon, and even if it does it won’t change anything.
There will still be sanctions and Cold War 2 with the West for decades.
On the way back, I drove past a Mercedes plant. Putin inaugurated it several years before he invaded Ukraine. Germans produced semi trucks here. They left and the Chinese took over.
More than 90% of passenger cars and almost hundred percent of trucks imported to Russia originate from China.
The Mercedes factory is being utilized for final assembly of big parts of a Chinese car brand. My friend told me that Russian managers were in heaven when they saw the German engineers and managers depart but quickly realized that they can’t operate sophisticated machinery.
Local authorities organized paramilitary exercises on the premises but it resembled the behavior of primitive savages, and they invited the Chinese to do something more civilized with it.
Rebranded KFC continues to operate as a reminder of gentler and simpler times. The future looks even more complicated and difficult than the present.
Beware of the Firer. I sometimes read his prose on Quora. I do not consider it as trustworthy. He leaves out important details.
For instance on the lory plant, the inability of Russians to operate some of the Mercedes machine tools is by design. The Germans kept knowledge and control of key processes to prevent a group of smart Russians from cloning the plant and starting their own lory fabrication company. It is standard practice in almost all Western companies with serious industrial know-how. The Chinese brought their own key workers and replaced part of the machinery. They do not produce the same lories.
For your enlightenment, the Chinese bought Volvo and the leftovers of Saab in 2011 in order to access the European car technology and manufacturing know-how so as to improve their own in China.
Thanks, but yes, I know about Geely and Volvo/Saab. Yeah, I don't take anything for granted from Quora or anywhere else and I generally consider Firer more of a sarcastic figure than a source of information, even though he does sometimes share interesting things from daily life
There are some nice gold nuggets in the article again (LABOR 👍). I do like how you explain that fake science called Economics. Studied it a bit myself. As an add on to that: Economics wasn't considered a serious science long into the 19th century, which of course angered it's disciples. Natural sciences were en vouge, that is the reason why economics came up, and are still coming up with all this fancy looking formulas which never work in reality. But my little gold nugget is the Nobel prize. There is NO Nobel prize for economics! It's proponents were of course very upset about that. So to be taken more serious by the established scientists they got the Swedish Reichsbank to issue a price called "price of the Swedish Reichsbank in memory of Alfred Nobel". As nobody wants to deal with this kind of word monster it is called "Nobel price" as well. But this are two different institutions. "Scientists" and their vanities :-) (p.s. Not saying that other sciences are much better)
The Russian Central Bank is independent of the Russian government, but it is not independent of its shareholders, some of which are probably Western financial institutions. That is what Catherine Austin Fitts said recently on the Solari Report. I am not sure how it works, as I studied law and not economics, but I have heard that most American economics departments do not even teach how central banks operate. I know that American law schools do not teach the law of money. In 2008, my Harvard law school educated colleague, working at the US Treasury was wondering how Bernanke found the money to bail out banks.
" but I have heard that most American economics departments do not even teach how central banks operate. I know that American law schools do not teach the law of money. "
Nor do they ever spell out why central banks are needed in the first place when governments can print their own debt free money.
Sounds like the Russia's have the same setup as the US Federal Reserve, i believe the shareholders are secret. But i read ages ago it was know that the Warburgs and Rothschilds were shareholders of the Fed.
The shareholders’ positions in each of the 12 banks are correlated to the ownership and relative size of the banks in each of the areas overseen by each fed bank. So, you have to look at who ultimately owns the banks that own each Fed.
Who helped "reform" Russia and write its constitution and financial system ? The answers are always in plain sight.
" Over 5,000 Russian and U.S. judicial officials have taken part in exchanges and events resulting in strong partnerships between Russian judicial bodies and U.S. counterparts. "
" USAID supports civil society organizations whose number and influence has grown from 40 registered organizations in 1987 to approximately 300,000 today, not including state-funded public organizations. These organizations contribute to Russia’s economic, political and social life in numerous ways and provide opportunities for citizens to help create better communities and elevate their voices.
Since 1992, USAID has supported the development of professional relationships between Russian and American journalists, publishers, electronic media managers, designers, content developers, advertising specialists and new media practitioners. In recent years, USAID media programs have worked to encourage convergence between traditional and new, innovative digital media.
USAID-funded Rule of Law implementers helped draft the Russian Constitution, Part I of the Russian Civil Code, and the Russian Tax Code.
https://www.usaid.gov/fact-sheet/usaid-russia
" Economic Reformers in the Early 1990s:
Yegor Gaidar:
As the first Deputy Prime Minister under Boris Yeltsin, Gaidar was a key architect of the radical market reforms known as "shock therapy." These reforms aimed to dismantle the Soviet-era planned economy and introduce market principles.
Anatoly Chubais: Another prominent figure in the early 1990s, Chubais was involved in privatizing state-owned enterprises and implementing market-based reforms.
Central Bank of Russia:
Various Governors: The Central Bank of Russia has played a crucial role in shaping the country's monetary policy and financial stability. Successive governors, including Sergei Dubinin and Elvira Nabiullina, have implemented reforms and policies to strengthen the financial system.
International Financial Institutions:
International Monetary Fund (IMF): The IMF provided financial assistance and technical advice to Russia during its transition to a market economy. IMF economists and experts played a role in shaping economic policies and financial reforms.
World Bank: The World Bank also provided financial support and technical assistance to Russia. World Bank experts contributed to the development of financial infrastructure and regulatory frameworks. "
Read David Astle's book: Babylon Woe. This book offers good insight. Works by Alexander del Mar are good too.
All of these missiles flying back and forth, all of these threats, and the Gazprom pipeline remains untouched...
Contracts will be honored. Wars are preplanned with predetermined outcomes.
Indeed, Ziggers even say that Putin is honest and a gentlemen because he still honors the contracts with the Satanic-Anglo-Saxon-Nazi's.
maybe Ukro will blow it up if the transit stops in January
That leaves Vladivostok as the sole shipping terminal, and Vladivostok is under threat from the Chinese who already have somewhat over a million nationals in the area. That's going to force Putin's hand on Ukraine, he either has to take it or face ruin - and the ruble is getting close to free fall despite Nabiullina's machinations. If Zelenskyy isn't absolutely crazy, he'll renew the transit agreement - he stays in power and his country stays more or less free of Russia only because Putin wants it that way - and I'll bet he's fully aware of that. The interesting period will be in January, between the scheduled end of the transit agreement, and Trump taking office on 20 January. My bet is that terms for a ceasefire are arrived at - with the aid of Trump's team - somewhere in that time frame, to be announced shortly after Trump takes office. In the meantime, Biden/Obama and NATO will do their best to kick off a hot war with Russia partially to present Trump with a fait accompli in which the US MIC keeps its power - which Trump is in a mortal battle against.
Yeah, but I don't think Trump is anything more than a stooge for at least a faction of the MIC Deep State etc. Just by looking at the horrid creatures he nominated.
All those Chinese will get a call someday to rise up, same with all those turks and middle easterners in Europe. They are a 5th column waiting for the ripe time or a signal to take over.
Yuliana Dlugaj 🇷🇺🇨🇳🇰🇵
@DlugajJuly
It is time for an honest discussion about Turkey’s role in destabilizing the Middle East.
Erdogan’s foreign policy began as a bold, rebellious, neo-Ottoman vision—an ambitious attempt to restore Turkey’s influence over former Ottoman territories. However, this vision was eventually co-opted to serve Western interests in the region. What proved intolerable to the West, however, was Erdogan’s growing hostility toward Israel, exemplified by incidents like the Mavi Marmara crisis.
The turning point came in 2016. On a fateful night, Erdogan found himself on the brink of elimination during the coup attempt. Forced to plead with his people over FaceTime—appearing like a character pulled from a bad parody—he narrowly escaped an assassination attempt by commandos at his resort in Marmaris. That night, the old Erdogan died.
The message from the West was clear: opposition to Israel’s agenda was unacceptable. Erdogan capitulated almost immediately. Since then, his resistance has been reduced to little more than hollow rhetoric. His behavior over the past 13 months underscores this transformation. Despite fiery speeches, Turkey continued to supply oil to Israel without interruption, and Erdogan has worked to undermine Assad—one of Israel’s staunchest adversaries in the region.
Critics are right to point out that the United States and Israel benefit most from these developments. Yet, their success would have been far harder to achieve without Turkey’s willing participation. Turkey has become a hub for militant state-sponsored Islamism, with its influence stretching from Syria through Central Asia to China’s Xinjiang region.
It is Turkey that targets so-called “Turkish brother nations” with a toxic blend of radical Islamism, revisionist history, pan-Turkism, and victimhood propaganda. This strategy not only extends Turkey’s influence but also radicalizes individuals, turning them into tools for Western geopolitical objectives. The infamous Crocus terrorist attack in Moscow, for instance, was traced back to Turkish training camps.
Meanwhile, the jihadis left festering in Idlib have been unleashed once more, spreading chaos across Syria as they did a decade ago. This chaos is not incidental—it is cultivated, supported, and funded by the Turkish state. Under Erdogan, Turkey has become the world’s largest state sponsor of terrorism, a willing accomplice in advancing the U.S. Empire’s objectives in the region.
The rest of Erdogan’s posturing is mere theater—smoke and mirrors designed to deceive only those still willing to believe in a dream that has long since died.
From Moscow to Beijing, it’s time to face this reality.
Globalists fragment both core and periphery. Much of New York is 3d world. Paris overrun by migrants. 100 years ago rather different. Having no home country per se our Globalists from London to LA see the planet as fly over country to exploit.
What was the real reason behind the Sino Soviet split?
“follow money” — so WHERE is that money flowing?? Huge idiotic word salad article without presenting “finding”