Posted on 12/17/2014 12:58:34 PM PST by GilGil
Folks the Enronites of 08 are at it again. No coincidence that if Extortion-Care wasn’t going into full blown operation that QE switch would immediately be pressed “ON” again.
Roberts seems to think this is all planned. Obama wanted a reset. He wanted to be “flexible” with the Russians. Then came Libya, The Arab Spring, Syria, ISIS, Crimea, Ukraine, fracking and Saudi Arabia refusing to play sugar daddy for the rest of OPEC.
Obama’s naivete played a big role in this. The Arab Spring was nonsensical leftwing fantasizing about the 60’s combined with delusions about good Muslims under bad dictators. The bizarre responses to Syria and ISIS were just bizarre.
Then oil crashed and so did the Ruble. Noone needed hedge funds conspiring with the Fed. Crashes happen. They especially happen to nations who are dependent on oil and who are engaged in expensive military actions all over using oil to support their adventurism.
I have no idea how all this will play out. But chaos is a powerful force and there’s a lot of that going around today.
Somewhere in the wings, there is a Gavrilo Princip waiting. Or maybe a lot of them.
>> Roberts seems to think this is all planned. <<
I’m not sure “think” is the correct verb to use when discussing Roberts. But then, I’m not a psychiatrist or psychologist.
Worst PCR article that I can recall .
Quick currency change scenario was assessed in case of Greece, when there was a serious risk they will have to be kicked out of Euro Zone (and get back to own currency) and it turned out that just the logistical part of it (like printing new banknotes etc.) would take weeks and involve so many people that it won't be possible to keep it a secret... and that could cause panic, run on the banks etc.
Besides, cash these days is for us, little people and even we use it less and less... For banks and big business basically only digital records... which would have to be converted into new currency, else no one will trust and accept the new currency and that would cause an economic suicide. So that's an option only for some 4th world shytholes. I think North Korea did something similar several years ago, they basically stole most of savings of their own people (who else use their currency?) setting old money/new money exchange rate like 4 to 1 or something.
In case of Russia, I don't know where $1.5 trillion comes from. Their total external corporate debt is like $150 billion... If they decided to default on that, assets of their companies outside of Russia would be seized and they would be out of international financial markets for a long time. In short that would cause far greater damage to Russia than to anyone else.
>> Worst PCR article that I can recall <<
Yes, indeed. But old Craig has more than a few defenders here on FR. I gotta wonder if they’re just naive, or if they are Russian FSB trolls, operating from the Russkies’ cyber-warfare unit in St.Petersburg. Probably some of both, IMHO.
It would be a chaotic move for a Republic like ours to change currency like that. Too many winners and losers to pick. And their would be enormous repercussions.
A regime like North Korea doesn't seem to worry about the consequences since all the power is in a few hands and they can economically crush the citizenry who won't have a vote at anytime on the matter. -Tom
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