The Ukrainian Financial Panic

Armstrong Economics ^ | 31 Dec23 | Martin Armstrong

[kiryandil]

Owen wrote:

Here is what is wrong with this article.

1) Financial gurus always like to toss around the word “collapse”, and it is never defined. It is very hard for any country with a Central Bank to “collapse”. Money can be created from nothing so people can eat. So neither Russia nor Ukraine are going to economically “collapse”. It is just wrong. Not absurd. Wrong.

2) No one knows what the casualty count is for both sides. Russia does not know Ukraine’s losses and Ukraine does not know Russia’s losses. They know their own. Certainly no one online or quoting anything from online knows anything.

3) Zelensky is not evil. He came to power as a Swamp drainer and defeated the US preferred candidate, who had been installed as a puppet in the 2014 coup. He then got co-opted, mostly via foreign aid. And then in December 2021 he said he would pursue nuclear weapons. It was probably a nearly accidental speech and not vetted by the US, but that’s what was in his speech and that cemented the war.

4) From that point on he has tried to be a stalwart defender of his country, though likely peace negotiations he was willing to pursue were denied him by the UK and things went well past co-opting.

5) A coup seems likely. His military people will first kill all the CIA and MI6 people present (who are expecting it and thus making it very difficult) and then try to run the country technocratically, flowing Russian gas and collecting transit fee. Life will return to 2013 normal.

AnthonySoprano added:

Further

Zelensky ran on an anti-corruption platform and it was leaked that he had off-shore accounts himself.

He has opposed (and ignored) his anti-corruption bureau.

He has cancelled Elections.

Excellent points by Owen and AnthonySoprano, as is the usual way.

Happy New Year, gentlemen!  

[kiryandil]

actions that according to prosecutors

Five years ago, I would have believed the federal prosecutors.

Not so much, any more.

That being said Martin Armstrong blows a lot of smoke and is not to be believed.

This is also possible.

[No name given]

Just like the demonrats want to do here.

[lizma2]

At this point I don’t have a clue in hell what and who to believe.

Some of my ancestors are from Kiev, some from Moscow (and 7 other countries...Proud American Mutt.)

I can’t tell the lies from the truth.

[MeganC]

“What next?”

Someone kills dictator Putin.

[bimboeruption]

>“What next?” Someone kills dictator Putin.<

More likely Zelensky has a Ceausescu experience.

[Night Hides Not]

When I see the term "commingling funds", alarms go off in my head. For the past 7 months, I have been providing support to our lawyers as they bring a lawsuit against a former property manager.

I have reconstructed the accounting records of the property from 2019. From Day One, my questions to management have generated far more questions than answers. The property manager commingled funds from 5+ entities to suit his purposes.

There's still a long way to go, to include amending tax returns for those 4 years.

[No name given]

I’ll be surprised if we even make it to six months!

[No name given]

I hope so.

[lizma2]

Can someone tell us how and why this bunch of crap started.

Don’t trust the media. (Wonder why? Sad LOL.)

[bimboeruption]

[Fai Mao]

Yeah, LBJ was a criminal. Lots people think Nixon was too.

[MeganC]

Putin’s upcoming rigged election is already pissing off a lot of Russians. Duntsova (sp?) had little chance of defeating him so shutting her out of the election did damage to his tough guy image. If he’s so tough then why’s some unknown woman scare him so much? Why does Navalny scare Putin?

Why is Putin scared? What’s he afraid of?

[ganeemead]

This is worse than Dunkirk or even the Little Bighorn. This is the worst military debacle since the HMFIC of Tangut called Genghis Khan a plastic man...

[Veto!]

I still detest Zelensky as much as the first time I saw his obviously criminal face. I do have new Ukrainian neighbors who are not awful. Wife and I get along, she has little translating thing on her phone so we can have brief chats. Her daughter is still in Ukraine keeping her cat.

A lot of good people on both sides of this farce are losing everything including their lives. We should have stayed OUT OF IT.

[BobL]

“Even the local Ukrainian Press published a story about how Boris Johnson came from England to kill any peace deal.”

I wonder how Brits, or Americans, know that it was THE WEST that made sure this war kept going, not Russia, not Ukraine?

Seems to me that anyone who doesn’t know the above shouldn’t be commenting on the war at all, and anyone who has been commenting here for the past 2 years and still denies the above is simply LYING - so why believe anything they say.

[bimboeruption]

I’m sure you’re aware of the fact that your globohomo hero Zelensky extended martial law.

If martial law is not lifted, it would require postponing national elections until it is.

As Zelensky told the Washington Post in May: “If we have martial law, we cannot have elections. … If there is no martial law, then there will be [elections].”

How convenient.

Russian elections may be rigged, but at least they’re going through the motions.

[Chad C. Mulligan]

Putin sent teams of filibusters into the eastern provinces, who were charged with stirring up an astroturf “separatist movement”. That engendered an “election”. It was soon revealed that the filibusters were in fact Red Army, and the “election” was rigged. So far this is right out of the post-WW2 Soviet playbook.

Ukraine responded by trying to drive the Red Army out of Ukrainian territory. Putin he’d better try for the whole magilla by sending an armored column against Kyiv, which got slaughtered. The rest you probably know.

Think about how we’d react if Mexico sent enough filibusters into California or Texas and started demanding that the state be returned to Mexico. (Think that’s not happening? I’ve seen farm workers in IDAHO wearing La Raza t-shirts. It’s just a matter of time.)

[BobL]

“Can someone tell us how and why this bunch of crap started.”

Ukraine is in the unfortunate position that Mexico is, in that its neighboring huge country will only allow it to go so far in being hostile to the US (which is also why the Soviets were never able to get control of Mexico).

Well, the Neocons (some of whom born in Ukraine, or direct blood lines there) decided to see what they could get away with there...and crossed a CLEAR Red Line that, literally every leader of Russia and plus Gorbechev had defined...so now they have to deal with the consequences.

This movie pretty much explains it all:

https://rumble.com/vwxxi8-ukraine-on-fire.html

[glorgau]

> According to the NYT, ...