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"Is Russia's Central Bank Chief a "Hostile Foreign Agent" Deliberately Sabotaging the Russian Economy?"
Interview with economist Paul Craig Roberts
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“We could completely offset the negative consequences of financial sanctions if the Bank of Russia fulfilled its constitutional duty to ensure a stable ruble exchange rate, and not the recommendations of Washington financial organizations…. It was the connivance of the Central Bank which led to the fact that Russia and its industry were drained of blood and unable to develop.” Sergey Glazyev, Russian economist and author

“A person has to wonder why Russia has taken none of these steps that would bring instant agonizing cries from the stupid West and an immediate end to all sanctions and Russophobic propaganda. Russia can dictate the terms. Why does she forgo this power?” Paul Craig Roberts

Question 1– Do you agree that the motive behind Washington’s sanctions on Russia is to bring the country to its knees, remove it as a competitive rival to the US in Central Asia, and force Putin from office?

Paul Craig Roberts– Possibly. Washington is sufficiently stupid to think this. For the sanctions to have deleterious effects on Russia requires bad decisions by Russia, such as the Russian central bank is making. The West has nothing that Russia needs, but Western countries are extremely dependent on Russian energy and minerals. Russia could reply to sanctions with counter-sanctions, such as turning off the oil, natural gas, and minerals. The West would soon be begging for mercy and agree to whatever Russia specified.

Russia is unable to use the vast power she has over the West, because Russian economists and the central bank have been brainwashed by American neoliberal economists that Russia needs foreign exchange to develop. This is amazing rubbish, as I demonstrated in my recent column---

Indeed, Michael Hudson and I have explained it to the Russians a number of times. If you think your fate depends on foreign exchange, you continue keeping your enemy alive by selling your strategic assets to him.

What I think Washington is actually doing is taking advantage of the Kremlin’s go-slow war so as to minimize civilian casualties. This gives Washington time to conduct a psyops campaign that hardens hatred of Russia throughout the Western world and any other part of the world susceptible to Western media. Basically, it is an effort to protect Washington’s control over Europe from European negotiation with Russia. Washington with the aid of the presstitutes is putting Russia beyond the pale, making Russia off limit for European interaction.

This is actually in Russia’s interest as it defeats the internal Russian Fifth Column, the Atlanticist Integrationists who are willing to sacrifice Russian sovereignty to globalism and being a part of the West.

Once Russia is banned from foreign capital, the Russian central bank will have to do its job and finance Russia’s internal development. Foreign investment in Russia only serves to impoverish the country as the earnings are repatriated abroad and taken out of the country. Indeed, the sanctions and seizures of deposits of Russian banks is a great reason for Russia to regain ownership of its own resources by nationalizing all foreign investment in Russia. It is unclear whether the Kremlin is sufficiently sophisticated to understand this.

Question 2– Do you agree that the Russian Central Bank is doing precisely the wrong thing at the wrong time by raising rates (20%), allowing the ruble to be traded on the foreign exchange and by failing to fund domestic businesses through the printing of money?

Paul Craig Roberts– Yes, I agree. The brainwashed Russian central bank is serving, without understanding it, the West and the success of the West’s sanctions. Russia should be billing for its energy and minerals in rubles, thus supporting its own currency instead of the currencies of its enemies, and should establish exchange controls to prevent currency speculators from short-selling the ruble.

More on the Russian Central Bank from an earlier article by Paul Craig Roberts:

“The Russian central bank even thinks that it cannot create rubles to finance investment projects unless the rubles are backed up by foreign exchange. This has caused the central bank to borrow money it doesn’t need on which it pays interest. In other words, the Russian central bank’s policy is nonsensical and serves Western interests at Russia’s expense.

The Russians could close down Western industry if Russia ceased exporting energy and minerals, but is afraid to do so because of the foreign exchange loss….

Russia has no need for foreign exchange. She does not need to import energy and minerals. Russia is full of engineering and science and can make whatever she needs. The central bank can finance all internal projects. But as the Americans succeeded in brainwashing Russian economists, the Russians can’t use the powerful weapon they have at hand to bring the West to its knees begging for mercy. Moreover, the Russian economists don’t have enough sense to demand payment in rubles for their energy and minerals. This would strengthen their own currency rather than the currencies of their enemies. Why does the Russian central bank forgo the opportunity to use Russia’s exports to stabilize the Russian currency?

The conclusion is that in the sanctions game the Russians hold all the cards but do not know how to play them.

The West has nothing that Russia needs, but the West cannot survive without Russian energy and minerals.” (“Washington and Moscow vie for the Stupid Prize“, Paul Craig Roberts Web Site)

Question 3– From your perspective, is the Central Bank chief, Elvira Nabiullina, acting as a hostile foreign agent by implementing policies that clearly undermine Russia’s financial position and greatly intensify the impact of the sanctions?

Paul Craig Roberts– I don’t think she understands that she is doing that, but, yes, that is what she is doing. Russia is still selling strategic resources to the West and accepting payment in dollars and euros, which strengthens the currencies of Russia’s enemies and weakens the ruble. To be precise, the Russian central bank is subsidizing the success of the Western sanctions. It is mindless.

More on the Russian Central Bank from an earlier article by Paul Craig Roberts:

“Russia has the opportunity created for her by the sanctions to correct her tragic strategic blunder of allowing foreigners to buy up her productive assets. Russia can nationalize the assets owned by companies of the sanctioning countries. The sanctioning countries are stealing Russian bank deposits so Russia should retaliate by stealing their real assets.

A person has to wonder why Russia has taken none of these steps that would bring instant agonizing cries from the stupid West and an immediate end to all sanctions and Russophobic propaganda. Russia can dictate the terms. Why does she forgo this power?…..

If Russia disempowers herself by refusing to play her winning hand, she will be brought down by her own stupidity, not by Western sanctions.” (“Washington and Moscow vie for the Stupid Prize”, Paul Craig Roberts Web Site)

Question 4– Russia is now the most sanctioned country in the world. These sanctions have been imposed arbitrarily and without review by the WTO, without approval by the United Nations Security Council, and without any regard for due process. Russia has had no opportunity to defend itself in a court of law or make its case before an internationally-approved tribunal. How do explain the fact that the majority Americans enthusiastically applaud this anti-democratic abuse of power that is clearly designed to inflict maximum pain on the Russian people?

Paul Craig Roberts– Americans, like Canadians and Europeans, lack an independent media that reports honestly. Instead, the West gets a narrative handed down from the ruling elite and delivered into people’s heads by the presstitutes who through repetition turn lies into truth, fiction into fact.

There are no tribunals or international laws that can be enforced against the West. Russia’s mistake is that she responds to the accusations. She should ignore them and go about her business. What she should make clear is not the facts, as facts do not matter in the Western world. She should make clear her red lines and make clear that she means them by instantly destroying whoever crosses them. That is the only way Russia will have an end to Western provocations and the world will have peace.

Question 5– The death of George Floyd touched off a wave of anti-racism protests across the country. The Democrat party embraced these demonstrations and disparaged anyone who hesitated to offer their unquestioning support. Now these same faux liberals are openly expressing their unbridled hatred for all-things Russian. How do you explain this wave of ethnic hatred that has overtaken the American people particularly those people who never fail to remind us how anti-racist and virtuous they are?

Paul Craig Roberts– Liberals or conservatives, they are the same. The average person hasn’t the time, energy, interest, or know-how to find out what is happening. They are programmed by the presstitutes who repeat with one voice the elite’s narrative, whether it is Covid, Saddam Hussein, Russia, 9/11, it doesn’t matter. There is only the official narrative.

It is easy to make Americans hate Russia because they are accustomed to it by the 20th century Cold War. Americans are accustomed to Russians being the enemy. The Russian side of the story is blocked from being presented in the West. So, the only information people in the West have is the official narrative.

 
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  1. Notsofast says:

    with the price of gas futures at ten times normal levels and oil at \$150 a barrel and a current exchange rate of a penny to the ruble, the russian treasury should be flush with rubles for domestic spending. why would they have to “borrow” money?

    • Replies: @atharvaveda
    , @Doug Ryler
  2. Feed him to the bears

    • Replies: @Brás Cubas
  3. Did Whitney finally realize that an interview requires two people?

    Kind of strange that all the interviews on Unz are between fellow Unz contributors (that is, when Whitney isn’t simply pressing his microphone into the mirror).

    Here at Unz we have one very smart Jew hosting a gaggle of confused Christians as they cry on and on about Satan and Globohomo. It’s the perfect blend of fact and fantasy. A steaming hot cup of mind control.

    [MORE]

    Jesus made it very clear that YHWH is the devil (he who promises his followers all the riches of the world), and that YHWH’s rules are not to be respected by the righteous. According to Jesus, YHWH is Satan, the imaginary father of the Jews, and the adversary of the true Israel.

    After all, it is not Satan who is opposed to YHWH; it is YHWH who is opposed to humanity. Jesus was fathered by the holy spirit of humanity. Not by YHWH, and not by Joseph. YHWH is the adversary of the holy spirit. Christ is the adversary of YHWH. A lot of what “Christians” describe as “Satanic” is actually the philosophy of Jesus. For example, it is Jesus who advocates tolerance of queer people. It is Jesus who recommends loving foreigners and treating women as equals. It is Jesus who advises against saving money and recommends spurning your old family for the sake of a new one. It is Jesus who labors on the Sabbath and eats pork as he pleases. Jesus who demands that criminals be treated with mercy in spite of the law. There is no YHWH-Jesus-Satan; depending on your values, either Jesus is Satan, or YHWH is Satan.

    So enough of this Judeo Christian waffling. Either you value the teachings of Jesus Christ or you don’t. Like Andrew Anglin, who has a boner for the Torah and obviously serves the dark lord, despite calling himself a Christian and ignoring all of Jesus Christ’s teachings. For Anglin, there is actually no difference between Satan and Christ, because Christ is his enemy. The only question is the extent to which he is aware of his own Judeophilic hypocrisy.

    The teachings of Christ cannot and do not support nationalism. If anything they support imperialism. They support liberalism.

  4. Kali says:

    But as the Americans succeeded in brainwashing Russian economists, the Russians can’t use the powerful weapon they have at hand to bring the West to its knees begging for mercy. Moreover, the Russian economists don’t have enough sense to demand payment in rubles for their energy and minerals.

    Nah. No matter how hard I try, I just can’t buy into such a silly notion. What makes Dr Roberts imagine Russia’s economists have been somehow “brainwashed” by the West?

    It seems more likely that both sides are playing to loose here, in terms of the umpoverishment and immiseration of the people, just as the world is on the very brink of economic collapse, and the very brink of the “Great Rest of capitalism” into a neo-feudal technocracy.

    Sure, they may be playing for a prime seat at the banquit table for their ruling/corporate class, but don’t give a toss for their working poor and middle classes, who are eminently expendable, and even represent a huge liibility as pentions come due and all the pention pots are empty

    In the coming technocratic age, post “build back better” (which means post destruction) no quite as many serfs will be required to service ((their)) machine as currently exist.

    In the meantime, India is moving to buy Russian energy in rupees, whilst China, Russia, et al hatch a brand new trading currency (if Saker’s reports are true) which should be ready to unveil in a couple of weeks.

    This is a globalists game, and we’re not invited!

    Better get that food in the ground quick, boys and girls, times getting short.

    Best wishes,
    Kali.

  5. tibetsun says:

    Ask the Federal Reserve about the Russian Central Bank! They’re palsy-walsy!

    • Replies: @PetrOldSack
    , @repsinec
  6. @Sue Dunham

    Jesus never ate “pork” and sent a host of evil spirits into the “Gadarene Swine”, which ran off a cliff in panic. Neither did he desecrate the Sabbath or break any law in substance. He came to FULFILL the law, not “abolish” it. There is nothing in Christian doctrine that permits Sabbath breaking or eating unclean foods, because all of these errors have their natural consequence in the real world. The “law nailed to the Cross” was the Levitical sacrifice rites, forever redeemed by the Resurrection.

    Paul condemned homosexuality, and “criminals” like the adulterous woman are dealt with mercy because we all need the same mercy (who will cast the 1st stone?). Pork is damaging, unclean bad food and regardless of who you are or what religion, don’t eat it. Neither seafood, rabbits, snakes or catfish. monkeys, whales, bugs and spiders.

    The Hindus understand it well, each level of living creatures which are eaten carries its own decay. The Mosiac laws tend to mitigate these errors, and confine things to “clean” or “unclean”. The Moslems understand why the body must be washed in all parts.

    The teachings of Christ cannot and do not support nationalism. If anything they support imperialism. They support liberalism.

    You’re probably right about that.

  7. @Kali

    Yeah, I got from the article that Russians are

    “brainwashed”

    “unsophisticated”

    “dummies”

    “don’t know how to play cards”

    ad nauseum

    talk about hubris!

    • Agree: Rubicon
  8. Notsofast says:
    @Kali

    if you are in the e.u. or u.s., yes, what you say is correct, we’re going to take it on the nose with a rolled up newspaper. if you are in russia or china, your standard of living will continue to rise. it is as you say a globalist game but there are winners and losers in the game. it really doesn’t take much to provide for your people, unless of course your political/economic system is based on pure greed. both china and russia have proven how quickly an economy and political system can be rebuilt, while raising millions out of abject poverty. this is the true reason they must be destroyed.

    • Replies: @Kali
  9. @Notsofast

    Russia can create all the rubles it wants without a single cent of US dollars. They are created on a keyboard and can only be created on a keyboard, regardless of how many dollars are received or not received from exports. The exchange rate is completely irrelevant to what Russia’s government can spend rubles on in its domestic economy. The only real (as opposed to imagined, or self-imposed) limitation is inflation, which stems from the limited pool of labor, raw materials and energy available in the domestic economy (and which do not magically become greater from more dollars appearing in the Central Bank of Russia’s bank accounts in New York, except if those dollars are used to increase imports into Russia).

    The only reason to raise foreign currency through exports is to pay for imports, which Russia now is blocked from doing by Western sanctions. As far as I can tell, they are enabled by exemptions in the sanctions to receive dollars and euros for their energy exports, but blocked from spending them. The question then is why Russia, at least for the time being, continues to export oil and gas to the West, in exchange for money it cannot use?

    • Agree: Joe Wong
  10. Dutch Boy says:

    Rumor has it that Putin has offered Zelenskyy a deal: Crimea and the breakaway Donetsk areas stay Russian. Ukraine keeps the rest and agrees to no NATO. If true, Z should accept this deal in a heartbeat. It should be clear that NATO is not going to save Ukraine and Crimea and Donetsk are full of people who don’t want to be Ukrainians. Russian military superiority and no NATO salvation means inevitable defeat for the Ukies. Continuing a struggle with no rational hope of success is immoral.

  11. Cowboy says:

    The teachings of Christ cannot and do not support nationalism. If anything they support imperialism. They support liberalism.

    You’re probably right about that.

    Nah. John 7. Do not judge by appearances.

    • Agree: Marcion
    • Replies: @Badger Down
  12. Anon[159] • Disclaimer says:

    Question 5– The death of George Floyd touched off a wave of anti-racism protests across the country. The Democrat party embraced these demonstrations and disparaged anyone who hesitated to offer their unquestioning support. Now these same faux liberals are openly expressing their unbridled hatred for all-things Russian. How do you explain this wave of ethnic hatred that has overtaken the American people particularly those people who never fail to remind us how anti-racist and virtuous they are?

    Stupid Question.

    It’s the Jews, Stupid.

    • Replies: @Wokechoke
    , @Princeone
  13. Levtraro says:

    The tone that PCR uses here is so arrogant and superior. He is telling what the Russian should with their economy, what the RCB should do with the ruble, what to do with the trade in commodities, how to conduct the war. Without any data, without any analysis of data, he just knows because he is so sophisticated while the kremlins and the RCB are totally brainwashed.

    It is unclear whether the Kremlin is sufficiently sophisticated to understand this.

    It is unclear whether PCR is humble enough to get over himself.

    • Agree: Kali, Alden, Rubicon
    • Disagree: Biff, ariadna
  14. Wokechoke says:
    @Anon

    Biden has an unholy coalition of POC, Jews and Schizoid White Women voting for him.

    It’s his Achilles heel. He can’t carry his own constituency of white men with him. The guys who’d have to fight his wars.

    That’s why Putin struck.

  15. anonymous[139] • Disclaimer says:

    The US president talked theatrically tough like some Hollywood gangster: Sanctions like the world has never seen will bring the Russians to their knees and yada yada. But this was show-biz for the American public. China, India and other countries won’t go along, Germany continues to import energy, and so on.

    as turning off the oil, natural gas, and minerals. The West would soon be begging for mercy

    Be careful, this could definitely trigger war. What was the Japanese response to having its oil blocked? The various affected countries aren’t going to come to a standstill and stagnate. They have to have it and will be forced to attack somewhere. Perhaps invade some oil or gas producing country and takeover their resources in a direct manner. Throwing Western Europe into instability and chaos might not be desired by Russia so close to home.

    • Agree: Levtraro
    • Replies: @animalogic
  16. Cookie says:

    On a side issue have you seen the Western reaction to the reporter detained and released for her on screen protest in Russia, by holding up a placard?

    These propaganda media falling over themselves about “free speech” and the censorship in Russia, don’t see the hypocrisy as they stay mute over Julian Assange been railroaded by a show trial in bitch Britain to a life rotting in an American prison?

    • Thanks: Orville H. Larson
    • Replies: @ariadna
    , @Spanky
  17. Jesus made it very clear that YHWH is the devil.

    According to Jesus, YHWH is Satan, the imaginary father of the Jews, and the adversary of the true Israel.

    After all, it is not Satan who is opposed to YHWH; it is YHWH who is opposed to humanity.

    Good luck trying to make sense of the Bible. I have written extensively on these invented Bible characters and have deconstructed them in a clear manner:

    [MORE]

    1. Yahweh of the Old Testament is the Anunnaki military commander Enlil. The Bible is about the Anunnaki, and these Abrahamic religions are actually Anunnaki cargo cults.

    https://enkispeaks.com/enlil-yahweh-enki-lucifer-made-up-in-2024-bce-left-earth-to-marduk-satan-sitchins-lost-book-of-enki-tablet-14-youtubes/

    a. Enlil/Yahweh branded his troops with circumcision.
    https://enkispeaks.com/circumcision-an-ets-branding-decision-by-sasha-lessin-ph-d-and-janet-kira-lessin/

    2. Jesus is the literary invention of Josephus. ‘Caesar’s Messiah’ by Joseph Atwill is a must read for any Christian/Jew/Mulism scholar. Josephus even cleverly anagrammed his name into Jesus.

    a. JoSEphUS = J SE US = JESUS. In Josephus autobiography, he describes himself as a young man in the temple amazing the scribes, then in the New Testament Jesus is in the temple doing the same. Clearly they are the same person, Josephus in the temple became his Jesus character in the temple.

    b. Atwill proves that Jesus 3 year ministry is the coded military campaign of Titus Flavian.
    Titus begins his war on the Jew rebels at Sea of Galilee, the Jews flee in boats and are killed then fished out of the water, that becomes Jesus beginning his ministry recruiting his apostles as fishers of men at the same location. Titus is cast as Jesus in code by Josephus.

    3. The devil is a fictional entity who opposes the creator God. God created and the devil destroys, thus you can cast Yahweh the Jew destroyer god as the devil, but generally speaking in mythological writing you MUST have a devil to explain evil. If God is good then whence come evil? The writer invents an opposing character to the god creator. Devil is 4 EVIL, D=4. All the devil really is, is a metaphorical bandaid on an incorrect perception of god. Maybe god is not good, maybe we are in a virtual matrix and being used as energy (coppertops).

    a. God creates life and those who follow the devil taketh it away. So isn’t it funny how all these Christians love to go to war for Jews and kill for Jews – but they claim they follow God. Really? They are following the devil and his earthly reps, the Jews.

    5. Lucifer is the bringer of light or the planet Venus or Jesus (which sometimes rises before the sun = god). Farmers worship the sun, and Jesus became the son of god, where god = the sun, and Jesus the bringer of light, is Lucifer. The New Testament says it directly. Christianity is clearly a sun cult, a plagiarized one where the son of god is born on the 25th of Dec, 3 days after the Winter Solstice the sun rises again. Jesus rising from the dead after 3 days is the sun going back up in the sky after the lowest point of the winter solstice. Jesus is born again every year on the 25th.

    6. SATAN is the SAanTAN Dharma, or the rival religion of the Jews Hinduism. Before the Brits labeled the people of India, Hindus (which is derogatory like nigger for Africans) that religion was called the sanatan dharma. At some point this rival religion which is about natural law became personified as the devil Satan. Obviously Judaism opposes natural law, is the opposing force to nature and God’s creation.

    a. Jews have tricked Christians into worshipping their devil god as the Creator God.
    Christians are completely confused as to their own book’s metaphysics, Christian is plagiarized astro-theology, the 12 apostles are the 12 houses of the Zodiac.

    b. A Judeo-Christian is a modern Evangelist in service the the Jews and their evil state Israel. Modern Christians are apostate and under a great end times delusion in service to Jews and their evil. Christians are taught Lucifer is the devil, but in the NT Jesus is referred to a Lucifer. Satan is taught to be the devil also, but Satan is really the rival religion Hinduism which teaches reverance for life. Christians say Amen, Amen at the end of their prayers – Amen is short for Amenhotep – the Egyptian pharoah who invented monotheism.

    7. ISRAEL is a combo name of ISis-RA-ELohim. Modern Khazar Jews are fake Jews, their claim to Greater Israel – the land between the Eurphrates and Nile as shown on their flag as two blue horiziontal stripes.

    • Replies: @Sue Dunham
  18. Let’s say Russia took Roberts’ advice and demanded payment in rubles for its mineral exports. Instead of paying Russia dollars or euros for gas, oil, coal, etc., Germany exchanges its euros for rubles and then pays Russia with rubles. It seems like that just adds an extra step, and Russia still ends up with dollars or euros.

  19. Kali says:
    @Notsofast

    both china and russia have proven how quickly an economy and political system can be rebuilt, while raising millions out of abject poverty. this is the true reason they must be destroyed.

    Very true “Notsofast”.

    I have to admit a certain degree of wavering on this issue: it’s clear that the people of the West are seen as expendable by our Globalist traito… I mean “leaders”. What’s less clear is how many such traitors infest government instiitutions within Russia/China (and beyond) and how much power/influence they weild.

    Pepe’s latest column (published this morning) gives cause for optimism for mankind as a whole, in that Eurasia, China, et al, seem to be carving out a genuine economic alternative which could benefit the people as nations freed from the grip of an insane hegemon reshape our collective destiny.

    I sincerely hope that Pepe is right in his optimistic view of the East/South and that my own synicism is unfounded!

    We have such beautiful potential as a species when we align ourselves with the best within us (God/the Divine). That knowledge has been my driving force for my entire life, and has strengthened me for some of lifes more exteme challenges. (I have seen and experienced the very worst that man is capable of, so that I could see and experience the very best that we are when centered in Divine Love). – Maybe the cynicism I have developed over recent years is an artifact of the ((diabolic designs)) of Godless men and it’s time for me to remember/re-call my innate, God-given Joy of Being! (“The covids” surely did take their toll on me! Amongst other things, closer to home. – Time for me to let that shit go and shine again!)

    Anyway, regardless of how things turn out on the world stage, I think we can agree that the people of North America and Western Europe do not have the love or support of the governments of these lands, and that we must turn to ourselves and one another to shape communities and societies which sustain us physically, emotionally and spiritually, as a Higher Power deals with the evil which infests our nations.

    Take care, Notsofast.

    Best wishes,
    Kali.

  20. The Russian Finance Minister announced that half of Russian foreign reserves and gold has been frozen by sanctions. How is it possible that Russia’s central bank was keeping Russian reserves in countries where it could be confiscated? If this has happened, it is idiocy of the highest magnitude. Pepe Escobar asks Michael Hudson the explanation. If Russia was keeping her foreign reserves abroad, she is indeed hapless.

    Show me that frozen Russian gold
    PepeEscobar
    https://www.unz.com/pescobar/say-hello-to-russian-gold-and-chinese-petroyuan/

    Meanwhile, Russia has a serious problem to tackle. This past weekend, Finance Minister Anton Siluanov confirmed that half of Russia’s gold and foreign reserves have been frozen by unilateral sanctions. It boggles the mind that Russian financial experts have placed a great deal of the nation’s wealth where it can be easily accessed – and even confiscated – by the “Empire of Lies” (copyright Putin).
    At first it was not exactly clear what Siluanov had meant. How could the Central Bank’s Elvira Nabiulina and her team let half of foreign reserves and even gold be stored in Western banks and/or vaults? Or is this some sneaky diversionist tactic by Siluanov?
    No one is better equipped to answer these questions than the inestimable Michael Hudson, author of the recent revised edition of Super Imperialism: The Economic Strategy of the American Empire.
    Hudson was quite frank: “When I first heard the word ‘frozen,’ I thought that this meant that Russia was not going to expend its precious gold reserves on supporting the ruble, trying to fight against a Soros-style raid from the west. But now the word ‘frozen’ seems to have meant that Russia had sent it abroad, outside of its control.”
    “It looks like at least as of last June, all Russian gold was kept in Russia itself. Essentially, it’s all still up in the air: “My first reading assumed that Russia must be doing something smart. If it was smart to move gold abroad, perhaps it was doing what other central banks do: ‘lend” it to speculators, for an interest payment or fee. Until Russia tells the world where its gold was put, and why, we can’t fathom it. Was it in the Bank of England – even after England confiscated Venezuela’s gold? Was it in the New York Fed – even after the Fed confiscated Afghanistan’s reserves?”
    So far, there has been no extra clarification either from Siluanov or Nabiulina. Scenarios swirl about a string of deportations to northern Siberia for national treason. Hudson adds important elements to the puzzle:
    “If [the reserves] are frozen, why is Russia paying interest on its foreign debt falling due? It can direct the “freezer’ to pay, to shift the blame for default. It can talk about Chase Manhattan’s freezing of Iran’s bank account from which Iran sought to pay interest on its dollar-denominated debt. It can insist that any payments by NATO countries be settled in advance by physical gold. Or it can land paratroopers on the Bank of England, and recover gold – sort of like Goldfinger at Fort Knox. What is important is for Russia to explain what happened and how it was attacked, as a warning to other countries.”
    As a clincher, Hudson could not but wink at Glazyev: “Maybe Russia should appoint a non-pro-westerner at the Central Bank.”

    See also: https://www.statista.com/chart/26940/russian-central-bank-foreign-currency-and-gold-reserves-by-holder/

    • Agree: Jim Christian
    • Thanks: Agent76
  21. Bro43rd says:
    @Levtraro

    PCR-a fathead with thin skin. Poor fella still thinks his opinions matter to TPTB. Some might say that’s chutzpah.

  22. Princeone says: • Website
    @Anon

    I’ve been waiting for someone to point out the real culprits.

  23. Sue Dunham says: • Website
    @Yukon Jack

    I think your ideas are a little scattered.

    JoSEphUS = J SE US = JESUS

    That is ridiculous. Jesus is the Greek translation of the Hebrew name Joshua (Yehoshua or “YHWH Is Salvation”) and it has been in print since ~250 BCE, centuries before Josephus was born. Furthermore, Josephus describes several different men named Jesus in his histories.

    Paul was the one who first seized on the name of Joshua, and joined it to the concept of Messiah, in order to argue that Jewish prophecy had been fulfilled in heaven. Paul invented Jesus Christ. Whether Josephus later composed Mark or Matthew (per Atwill) is certainly a valid topic for debate. But it needn’t be Josephus – the author of the earliest Gospel simply required a copy of Josephus’s works for reference (along with a copy of Paul). As for Atwill’s claim that the Flavians wrote all of the gospels, I think he’s way out on a limb. There’s no good evidence that the books of Luke or John existed earlier than 180 CE. I think it is better to try to understand how the gospels evolved over time than to try to make sense of them as a unified composition.

    As for Enlil, Sumerian mythology was one of many sources plagiarized by the authors of the Jewish Bible.

    • Thanks: Nancy, Doug Hillman
  24. @simple mind

    He came to FULFILL the law, not “abolish” it.

    Not going to rehash this issue for the Nth time. I will simply point out that according to Paul, Jesus fulfilled the prophets in an invisible realm. YHWH’s bargain with Moses is predicated on an Earthly, material Zion. But Paul, noticing that the prophets were not being fulfilled on Earth, decided to make up some BS about them being fulfilled in heaven. Christianity began as an IMAGINARY fulfillment of Jewish law and prophecy. In fact it is not a fulfillment thereof, but a true inversion.

    Read Mark (and Matthew) to see how Paul was repurposed by the triumphant Roman Empire after Titus sacked Jerusalem. In these books Jesus Christ rejects the law of Moses severely. As he says, a man cannot be defiled by what goes into his mouth, only by what comes out of it. Beggars can’t be choosers, after all. If Paul had really gone on his goyim world tour, he would have had more than a few pieces of pork dropped in his bowl. Why would he have cared? He has stopped circumcising mens’ genitals, and begun circumcising hearts instead. Jewish law is precisely what he belittles in order to entice Gentiles to support Jerusalem. After Jerusalem was destroyed, Jesus Christ was adapted into an explicitly pro Roman character. And so the Jewish religion, which was an abject failure, became the foundation of a new imperialism, and continues to cloud our minds until this day.

    • Replies: @ariadna
    , @Poupon Marx
  25. Exile says:

    Credit where it’s due – I’ve been critical of Mike’s last couple of pieces. This is the good stuff.

    Russia’s economic planners are indeed making a huge mistake in embracing rather than actively shunning foreign exchange and the Faustian “benefits” of a finance/service economy vs. production.

    China is wiser in how it has approached these temptations, but not entirely immune to entanglements.

    Beware Western experts bearing “gifts.”

  26. republic says:
    @Levtraro

    You are right about PCR.That is why he doesn’t allow comments on his articles.

    • Replies: @Jidvei
  27. BaronAsh says:

    Not sure about this any more but Russian Central Bank used to be part of the Rothschild central banking network (only about 5 countries in the world are not part of it). Did Putin break away from them a few years ago or was this fake news back then? Not sure. But quite possible that Russia Central Bank is trojan horse by design like they are in nearly every other major country in the world.

    • Replies: @Francis Miville
  28. Notsofast says:
    @Kali

    it seems my dear kali, that we are reliving the bhagavad gita once again. i see friends and family lined up in opposition to the truth, once more. ma durga has my back and i fear not not. keep the faith and do not give in to cynicism.

    • Thanks: Kali
    • Replies: @Kali
  29. Notsofast says:
    @Paul Craig Roberts

    dr. roberts, please consider that the \$300,000,000,000 was left as bait, cheese in a rat trap. the irresistible lure that western rat has now seized upon, that will result in his broken neck. the russians are not stupid (unlike our “leadership”), this was done to demonstrate that funds, left in american hands are subject to confiscation. a new day and age is dawning in spite of the fevered objections of the outraged hedgemon.

    • Agree: Robjil
    • Replies: @Kurt Knispel
  30. peterAUS says:

    I guess that a lot people in this online pub who are interested in topics about money, finance and similar stuff will turn up here.
    Good place to ask something, then.

    I’ve asked that question before and got nothing.
    Understandable for average pub’s patron, but, here, we could have some quality.

    So, here it is:
    WHO, exactly (names, please) are the main shareholders of Blackrock and Vanguard?

    Failing that, any idea as to why is that, in the age of Wikileaks, Panama papers, Dark Web, Tor browser, smart phones and similar stuff?

    • Replies: @PetrOldSack
    , @Mark T
  31. Charles says:

    In Alex de Jonge’s excellent book on Grigorii Rasputin, the author comments on the tendency of pre-revolutionary Russian leaders to make, in the author’s words, typically Russian errors involving a lack of foresight and an adherence to dogmatic thinking. The situation as described by PCR reminds me of that book, if PCR is correct in his assessments.

  32. IronForge says:

    @Paul Craig Roberts

    PhD Roberts, you claimed to have “told” the Russians about Issues regarding their Central Bank / Trading Currencies / Foreign Reserves / etc.

    On which Occasions have you done so? At a Russian Conference (Valdai, St. Petersburg, etc ), Meetings with the Central Bank, or only through your Articles?

    If you were a Conference Presenter, I wanted to see the Lecture Vid.

    Thank you.

  33. @Sue Dunham

    As for Enlil, Sumerian mythology was one of many sources plagiarized by the authors of the Jewish Bible

    This we can agree – Sumerian mythology is one of the prime sources of the stories in the Bible.

    [MORE]

    Noah and his Ark are located in Sumeria. So in Genesis 6:9 we are talking about Noah and God who favored him in ancient Sumer. In the predated Sumerian story, Enki (Anunnaki scientist who created Adam) found favor with Ziusudra and got him to build the boat.

    http://www.enkispeaks.com/Essays/20EnkiBegatsNoah.htm

    ENKI BEGATS NOAH (ZIUSUDRA)

    Enki lusted for Batanash wife of Lu-Mach, Workmaster of slaves in Edin. Enlil gave Enki an excuse to enjoy Batanash.

    Enlil had incited slave-rage at Lu-Mach. He ordered Lu-Mach to force the slaves to work more on less food. In reaction, the slaves menaced Lu-Mach. So, ostensibly to protect Lu-Mach and Batanash, Enki sent Lu-Mach to Marduk in Babylon. There, Marduk would teach Lu-Mach how to build cities. To “protect” Batanash, Enki sent her to Ninmah at the Medical/Science complex of Shurubak, “from the angry Earthling masses protected and safe to be. Thereafter Enki his sister Ninmah in Shurubak was quick to visit.

    “On the roof of a dwelling where Batanash was bathing Enki by her loins took hold, he kissed her, his semen into her womb he poured.” [Sitchin, Z., 2002, The Lost Book of Enki: 204 ] From this encounter, she bore Ziusudra (Noah).

    When Lu-Mach got back to Edin, “to him Batanash the son showed. White as the snow his skin was…. Like the skies were his eyes, in a brilliance his eyes were shining.” Lu-Mach complained, “A son unlike an Earthling to Batanash was born…. Is one of the Igigi his father?” Batanash, in a parsing worthy of Bill Clinton, swore “None of the Igigi fathered the boy.” “Ziusudra,” Lu-Mach’s father added, “will the Earthlings guide through the Ice Age .” [Sitchin, Z., 2002, The Lost Book of Enki: 204 ]

    Notice that Batanash getting knocked up by Enki is the exact same story in the OT.

    2 Samuel 11

    2One evening David got up from his bed and walked around on the roof of the palace. From the roof he saw a woman bathing. The woman was very beautiful, 3and David sent someone to find out about her. The man said, “She is Bathsheba, the daughter of Eliam and the wife of Uriah the Hittite.” 4Then David sent messengers to get her. She came to him, and he slept with her.

    https://www.bibliotecapleyades.net/serpents_dragons/boulay04e.htm
    —————-

    Proof Romans Invented Jesus Christ – The Flavian Signature

    —————

    Proof Josephus is casting himself as Jesus is in Josephus’s autobiography, compare the NT:

    Jesus at Twelve NT

    And when he was twelve years old, they went up as usual for the festival [of Passover]….After three days they found him in the temple, sitting among the teachers, listening to them and asking them questions. And all who heard him were amazed at his understanding and his answers.

    Josephus at Fourteen (Josephus biography)

    I made mighty proficiency in the improvements of my learning, and appeared to have both a great memory and understanding. Moreover, when I was a child, and about fourteen years of age, I was commended by all for the love I had to learning; on which account the high priests and principal men of the city came then frequently to me together, in order to know my opinion about the accurate understanding of points of the law.

  34. Franz says:

    More than likely: Russia and “the West” are playing the same game. My friends in Vietnam even called the world the East-West Glutton Co-Prosperity Sphere.

    Long ago, in Cold War I, it occurred to some of the lads that both the White House and the Kremlin were playing a “beggar the people” game. Keep in mind: They cooperated quite often. In the International Geophysical Year of 1956-7, many problems were solved by the East and West together even though a flimsy competition was going on to fool the people. Then in the 1970s came Apollo-Soyuz, anyone recall?

    When the US was most weak during Vietnam, Russia did nothing. When Russia was most weak during Afghanistan, the US did nothing. Despite growls and pretend outrage, both nations sat on their hands when a modest effort could have created total chaos had a REAL opponent wanted.

    Phony then, phony now? Why not? Even conspiracy buffs of long standing refuse to look at an obvious charade when it’s right in front of them. 1989 was the Year All Anti-Communists waited and prayed over a half-century for and NOTHING HAPPENED.

    Just ask how likely that is. Think deep. Then it becomes really obvious.

    • Agree: Bugey libre
    • Disagree: GMC, Gordo
  35. @Kali

    “ Anyway, regardless of how things turn out on the world stage, I think we can agree that the people of North America and Western Europe do not have the love or support of the governments of these lands, and that we must turn to ourselves and one another to shape communities and societies which sustain us physically, emotionally and spiritually, as a Higher Power deals with the evil which infests our nations.”

    Wow! amazing clarity of mind and A+ on sociology. My dream is to see the majority of Westerners who have been imbued by Zionist Oligarchic poisonous MSM memes think and act along your statement which I consider no less than revolutionary. Both Putin and Xi, despite their shortcomings, have love and respect for their people. And so had the much demonised Adolf Hitler. All three leaders lifted millions or hundreds of millions out of poverty which for the misanthropic elites is a an unforgivable sin since the world is only theirs for the take and the rest of us, we the people, are just the expendable deplorable scum of the earth. Meanwhile we keep rallying behind the elites when they call us to celebrate “ Dumbocracy” by voting and the masses duly oblige just like the donkey chasing a dangled carrot from a stick.

    Going back to Russia, Pepe Escobar posted an article claiming that not only Russian financial assets were confiscated by the Western enemies of Russia but also Russia’s physical gold. How could such an aberration happen is beyond the pale. My only speculation about this beyond nonsensical Russian blunder is that Putin, despite his proven leadership qualities and his PHD in law, is one dumb economist along with his Russian Central Bank’s managers and the rest of the Kremlin clique. Dr. Paul Craig Roberts would be the best economics advisor to Russia for he had already suggested sometime ago that Russia should simply turn her back to the West and carry on with her economic expansion away from holding any USD or Euro reserves through trading with the rest of the world, and I would add Russia should require payment in Rubles for her exports. Any trade with the Western enemy aka “ the empire of lies” ( Putin TM) should be settled in gold. Any additional efforts by the Russians to reach a modus vivendi with the ‘ Western partners’ ( Lavrov TM) should be simply dropped in the garbage bin. It is about time Lavrov realises that talking logic to wolves and hyenas is a fool’s errand.

    • Disagree: Rubicon
    • Thanks: Kali
  36. blakjack says:
    @Dave Pinsen

    Suppose that Russia demanded gold for their rubles and used the opportunity to move toward a gold based currency? That would be a tremendous step forward for humankind at this juncture in time.

  37. RobinG says:
    @Dutch Boy

    This isn’t a rumor. It’s the stated -and written- proposal/demand. But Z’s hands are tied. Biden and Kolomoisky won’t let him agree until lots more Ukies are dead.

  38. @Cowboy

    Nah. Billy 8. Verily labilism leadeth unto perilism.

    • Replies: @Cowboy
  39. @Dave Pinsen

    Russia still ends up with dollars or euros

    No. Russia doesn’t accept euros, or dollars.

    Germany exchanges its euros for rubles FROM SOMEONE ELSE and then pays Russia with rubles.
    Now, that could be the money market, or it could go like this:

    VW, Mercedes, and Siemens sell stuff in Russia for Rubles.
    Back in Germany, they sell Rubles to buy Euros. The German oil and gas companies buy the Rubles, paying V, M, and S in Euros.

    Everybody happy. Except the Americans.

    • Replies: @Uncle Sam
  40. I agree with Roberts’ assessment about the Russian central bank being brainwashed.
    I can actually speak to this from some experience, as briefly, I had some limited access to some of the top policy blob operating in Russia, including spies, diplomats, politicians, even one guy from the Central Bank. I literally had debates with some of these people.

    In my opinion, the ruling elite of Russia are, by and large, Yeltsin era holdovers whose entire lives and careers were made around gazing longingly west. Aside from corruption and treason (the latter is pretty open like with Navalny, but becoming untenable), in the most benign sense, the state behaves as a sophisticated cargo cult in dealings with the west. Furthermore, there are still the spiritual dregs of a taught sense of self-loathing instilled by the indignities of the 90’s.

    Russian political culture evolves in a purely reactionary way, which is to say, entirely in response to US actions. This metaphor that Russia plays chess while the US plays checkers is perfect because that is exactly what is going on. While Russia is sweating, playing out a harder game by the rules and getting ‘smarter’, the US is just jumping all around the board, grabbing their pieces up and laughing. It never occurs to the people running Russia to just quit playing the game.

  41. Anon[159] • Disclaimer says:

    P.C.R. with his usual blather.

    So easy to see through.

    Tries to make you think he is on the side of RU (in this instance) while using demeaning language throughout.

    It think it’s called Schizophrenia.

  42. @Paul Craig Roberts

    If most of the reserves were in dollars or euros 1) they’d be useless due to sanctions even if in Russia 2) their ‘weaponisation’ will lead to their depreciation anyway. I think that it is a reasonable sacrifice to make.
    In any war that isn’t a grotesque mismatch like the US + its Western shills vs Yugoslavia or Iraq or Afghanistan or Libya, you’ll expect the enemy to strike you so luring him to spend his ammunition where it’ll hurt you less doesn’t seem like an absurd strategy. Even better, voluntarily leaving or opening breaches where he can engulf so that you can pummel him from the sides seems quite more efficient than wasting resources in a hand-to-hand battle, especially if it’s your two hands against your enemy’s tentacles.
    And it provides Russia with the perfect excuse to de-dollarise its trade.

  43. @Dutch Boy

    Rumor has it that Putin has offered Zelenskyy a deal: Crimea and the breakaway Donetsk areas stay Russian. Ukraine keeps the rest and agrees to no NATO. If true, Z should accept this deal in a heartbeat.

    Zelenskyy knows he’s a dead man if he makes a deal with Putin. (((His fellow tribesmen))) and their WEF lackeys won’t ever forgive that kind of betrayal.

  44. GMC says:
    @Franz

    “After/during the Afghanistan War the US did nothing” ?
    America did the same thing in Afghanistan as they are doing in Ukraine – supplying massive amounts of arms. Plus, right after Afghanistan, the Soviet Union fell and the US/Wall Street looting began.

    I think you’re right about the phony relationship between the Russian financial district and the West’s financial chaos. And of course the Bank of Russia’s frozen assets shows it. It’ll be interesting to see how Russia gets out of this one. Thanks.

    • Replies: @Franz
  45. Bank Rossii’s (incl. Sberbank) strange behavior is discussed…
    A complementary discussion of the bank’s structure and most importantly factual ownership is needed too.
    Is the Russian Federation 100 % owner or not at all owner?
    The central bank law is almost 150 pages and who is able to make it transparent?
    The laws and orders, the legal position needs to be made transparent for everyone and anyone interested. It is an “independent institution”…
    Where do the central bank’s huge profits go?
    The accounting and auditing needs to be transparent for everyone and anyone interested.
    Do the overs go to the federation, or not at all?
    Both chiefs of central bank and Sberbank are Jews.
    Many people insist that it too is “privatized”, i.e. embezzled by the Jew just like the FRB.

    Another point is the “they do not understand”.
    “We have told them time and again. They do not understand…”
    Serious? Give me a break.
    The moment a country (people) get’s into dire straights the first thing done is to make money incredibly expensive for the people to use/work and the wise men are telling that the perpetrators “…do not understand.” The 20% are a hostile act.
    I am very sorry, but tell that to your grandmother (and she will agree only because she loves you).
    Elvira Nabjewliana and Her man Gref are Jews. And that explains it why at times of strife the Russians are practically disenabled to speed up and as a matter of fact extraordinary slowed down and sabotaged.
    Talk Tacheles my friends! Stop beating around the bush!

    Same with the great leader… another soothing speech to the nation and the world bit that cares:
    “The West…the combined West…western countries…west…west…west…”
    It is a Jewish war forced upon the Russian peoples.
    The Moscow Maidan was a hostile Jewish act and the Jew profited incredibly.
    The Kiew Maidan was a hostile Jewish act and the Jew rules and dictates to the Russian peoples (and my gas bill is going through the roof).
    Fuck you all, and iron and blood on the Jew, for that he has been giving to the world since time immemorial.

  46. @Paul Craig Roberts

    The Russian Finance Minister announced that half of Russian foreign reserves and gold has been frozen by sanctions. How is it possible that Russia’s central bank was keeping Russian reserves in countries where it could be confiscated? If this has happened, it is idiocy of the highest magnitude. Pepe Escobar asks Michael Hudson the explanation. If Russia was keeping her foreign reserves abroad, she is indeed hapless.

    No, Russia is not “hapless.” The Russian leadership, as you yourself have pointed out in several recent articles, is as Globalist as are the governments of the West. Taking that assertion at face value (and I believe it to be 100 percent accurate), that means that Vladimir Putin and the rest of the Russian government are definitely NOT acting in the interests of the Russian people (exactly whose interest they are acting in is still unclear). Otherwise, why indeed would the Russian Central Bank maintain gold deposits, or any other assets outside of Russia in countries overtly hostile to Russia and its interests, countries in which Russian assets are so vulnerable to sanctions and confiscation? No Russian government would ever be stupid enough to do this unintentionally. The risks are too obvious even to a child. Russia is playing the Globalists’ game along with the rest of the world’s governments. The only question is what exactly is the Kremlin’s end game? The Ukraine war is shaping up to be elaborate theater designed to disguise some very destructive longterm goals. There are no good guys/whitehats/true nationalists in any of this.

    • Replies: @Bugey libre
    , @Mefobills
  47. @Notsofast

    Sberbank seems excempt from the sanctions…
    https://www.rt.com/russia/551560-germany-russia-bank-swift/
    Do the 300 bio. cover approx. one years’ gas trade?

    • Replies: @GMC
  48. @simple mind

    Why were the Gadarene swine even there? A herd of pigs was being raised there, meaning eating pork was normal around there. And why not?

    And his disciples did “desecrate” the Sabbath and he brushed it aside, though per Exodus that carried the death penalty among the genocidal Egyptians who settled Canaan and pretended they had ancestors there. Just another Invention of the Jewish People.

    • Replies: @Hbm
  49. @Sue Dunham

    Amazing how an article on the failings of the Russian CB can result in a long diatribe on YHWH, Jesus & Satan. But – hey – it is the Unz Rev’.

    • Agree: DNA999
    • Replies: @Sue Dunham
    , @Alden
  50. @Levtraro

    PCR is not arrogant — he’s tired & frustrated playing the part of Cassandra for decades….

  51. @Dutch Boy

    LUNACY! You cannot, EVER, trust the USA or its Ukronazi allies. Partition is the only solution, and forced demilitarisation of Banderastan. Let the Nazis join the EU, as it collapses, if they like.

  52. @Kali

    Hi Kali!
    I haven’t read Pepe’s new article. In fact for months now I have stopped reading him since it is to much of unmitigated pro China/Silk road propaganda. No nuance. During the last months I have discovered (thanks to a UR commentator) that blog: https://edwardslavsquat.substack.com/
    Here we learn that the covid scam is alive and kicking in Russia, like it is in China. Here I learned that the same players as in the West are playing the same game toward that techno-feudalism and the tagging of the people with biometric identification. Europe wide, worldwide, that totalitarian insanity is going on behind the fog of the ‘Russian military intervention’ in Ukraine. The refugees from Donbass are being “taken in charge”, ‘covidly’ speaking by the Russian health authorities just like the Ukrainian population now need biometric ID and injections to get some money from the government who is largely funded by the international monetary bodies of all kind (and it has been so for the last 8 years).

    I have the weird feeling that this not-war is hiding what is really going on, our destruction as humans… and our enslavement.We will possibly die in this process but It won’t work and our souls will prevail… Lots of earthquake these last 24 hours… Nature might be our last and best asset to put a stop to the pathocraty aka kakistocraty…

    Still some people in our neighborhood are realizing what is going on and try to build positive things.

    God bless you

    • Agree: DNA999
    • Replies: @Kali
  53. @anonymous

    “What was the Japanese response to having its oil blocked?”
    War. As the US hoped, planned for & intended.
    They better watch out for what they hope for this time…. The stakes are Titanically higher now.

  54. @tibetsun

    The super-layer of finance is a veil over what is hard economical reality. It requires a Cabal that controls both ends. The policies themselves are indicators (if true) that there is such a thing as Ost-Juden running the Russian side of the finance layer. As such, finance can do it’s magic, everything in control of the few and playing endlessly into suppressing the Goyim populations into submission world wide.

    If he has that desire, and that is minimal to any change of agency, then Putin must eradicate his Ost-Juden control at the levers and this alone by itself would halve the playground of the International Cabal. Implode it’s influence on commerce and industry, trade through finance over a fraction of territory and volume.

    The impact would be immeasurable compared to the local conflict in Ukraine. That would mean a change of world order. If not attended to, Putin and Russia are a divorce. I would then bet on Putin either being controlled opposition and a slight chance of plain ignorance being his motives.

    The “interview”, the last question, i see no relation to the former questions?

  55. @peterAUS

    Let’s start small, who finances our cherished pub? Who runs our pub? How many of the waiters are not Jewish?

  56. @Dave Pinsen

    Germany would have to buy the rubles on the world currency market which creates demand. Demand drives up the value of rubles.

    Russia having been forced to take out loans from foreigners in their currency and then having to exchange rubles for the currency with which to repay those loans drives up the demand for that foreign currency, which enhances its value at the expense of the ruble.

  57. @Franz

    Around 1960, a defector from the Soviet Union, Anatoly Golitsyn, said that there was a deliberate strategy on the part of the Soviets to make it seem like the Soviet Union would fall, while in reality it would only change name and shape. He called it “The Perestroika Deception”, and he correctly predicted a lot of things that happened since he made his claims – such as the fall of the Berlin Wall!

    Here are two excellent interviews about it – total viewing time is 1,5 hours:

    [MORE]


    (check out the first (pinned) comment, too!)

    He wrote 2 books, as far as I’m aware: “The Perestroika Deception” and “New lies for old”.

    • Thanks: Franz
    • Replies: @USA Invades Israel
  58. Miro23 says:

    Liberals or conservatives, they are the same. The average person hasn’t the time, energy, interest, or know-how to find out what is happening. They are programmed by the presstitutes who repeat with one voice the elite’s narrative, whether it is Covid, Saddam Hussein, Russia, 9/11, it doesn’t matter. There is only the official narrative.

    It’s the same as the old Soviet propaganda, although done with higher intensity and greater sophistication.

    Out of interest, it came to an end in the Soviet Union through contradictory information “leaked” from the West and Soviet citizens coming to the realization of how relatively poor they were. The majority finally learnt to regard official media as propagandist lies run by their ruling elite. The game was up when the propaganda no longer worked.

    However, and in contrast, the Western public still believe the propaganda. No question of that – whether it’s Iraq, Covid, or Russia. The media influence is more intense, sophisticated and covers a wider spectrum than anything the Soviet Union could produce. Also, the (few) alternative media sources that Western populations do have access to can’t point another society that has a much higher standard of living than their own.

    The suggested key is economic wellbeing. When the current giant speculative bubble implodes – which it will – and probably taking the US dollar with it – then the average US citizen will get a lot poorer relative to the ROW (Rest Of the World) and will likely look around for non-official explanations.

    At least that’s what happened in Weimar Germany after their middle class was left destitute after the 1923 hyperinflation (which strangely served to increase the wealth of their Jewish financial elite).

    • Agree: Levtraro
  59. @Priss Factor

    Aha, you are one of those who comment after just reading the title. It’s not “him”, but “her”: Elvira Nabiulina is the name.
    And it’s not a very long interview. I have done that myself, but I have an excuse: it was a Jung-Freud article.

  60. She should make clear her red lines and make clear that she means them by instantly destroying whoever crosses them. That is the only way Russia will have an end to Western provocations and the world will have peace.

    What if the “red lines” are themselves provocations, namely treaty violations, and also blatantly illegal if they are proffered as threats, as was the case in mid-December last year? On the other hand, unspecified “Western provocations” are presumably a reference to eastern European countries having chosen to join NATO, in accordance with international treaties acknowledged by Russia, based on historical memories of USSR occupation.

    Therefore, the hostile war-mongering formulation, quoted above in original bold letters and expressed in absolute terms (“only“), constitutes pure double-speak in two regards. First, a role reversal regarding which side is provoking the other. Second, advocating instant destruction of adversarial countries as an effective mechanism to achieve “world peace” is extremely delusional. (Fighting for peace is like fucking for virginity.)

  61. Sanctions against Russia are what Covid-19 was against China. They will be ineffective and there will be blowback, massive blowback.

  62. @Levtraro

    To my surprise, I tend to agree with Roberts. (The “surprise” stems from the damage he, and for that matter Whitney, have done to their credibility with their pandemic-related pieces.)
    I don’t think humility would be very useful here. Even if he is wrong, he must tell it like he sees it. And, for the life of me, I can’t see where he is wrong.
    In a comment you agreed with, the argument advanced is that “this could definitely trigger war”. I do not find this argument to be persuasive, because it places all the burden of rationality and cautiousness on the Russian side. The solution to the ensuing problems would not require war but simply the withdrawal of sanctions. The West has been playing with fire ever since this war began, and earlier. Surely any reckless military moves by Russia would be something to be avoided, but I think the countersanctions which Roberts proposed should be regarded as a simple act of self-defense.

    • Replies: @Levtraro
    , @Mefobills
  63. @mocissepvis

    It appears you are right.
    You should be highly interested in considering Karine Bechet-Golovko’s analyses in her blog in French which includes a translator :http://russiepolitics.blogspot.com/

    Karine Bechet-Golovko is a French/ Russian scholar living and teaching in Russia.

  64. onebornfree says: • Website

    PCR: “The West has nothing that Russia needs, but Western countries are extremely dependent on Russian energy and minerals. Russia could reply to sanctions with counter-sanctions, such as turning off the oil, natural gas, and minerals. The West would soon be begging for mercy and agree to whatever Russia specified.”

    This statement is internally contradictory.

    No genuine economist would ever make such an obviously incorrect statement.

    This “just” in:

    All trade is a two way street. Western consumers and others apparently want/need certain goods/services originating in Russia, and the Russian producers of those goods/services want/need the money from sales of those goods/ services to whomever, including ” the West”.

    PCR then continues to expand on his contradiction :

    “Russia could reply to sanctions with counter-sanctions, such as turning off the oil, natural gas, and minerals. The West would soon be begging for mercy and agree to whatever Russia specified.”

    Yes, but by not supplying overseas individuals with goods and services, Russia would be hurting its own citizens as much, or possibly more than it would hurt sanctioned/shunned consumers overseas! 😎 ( Because trade is always a two way street.)

    PCR: “…the sanctions and seizures of deposits of Russian banks is a great reason for Russia to regain ownership of its own resources by nationalizing all foreign investment in Russia.”

    A year or so ago, in one of PCRs rare articles here where comments were actually allowed, I’d labelled him as a socialist. ( Which he denied, of course).

    The above statement more than handily proves my point, in spades. 😎

    Anybody who seriously believes that the nationalization of of resources inside a country is not a standard feature of socialism/ communism/fascism, (or of any other label for collectivism), is “a cup and saucer shy of a full set”, IMO.

    “Regards” onebornfree

    • Agree: Bro43rd
    • Replies: @Commentator Mike
    , @Exile
  65. repsinec says:
    @tibetsun

    I couldn’t agree more: those nice people running the Russian Central Bank are not “brainwashed” or “stupid” as the author suggests, they’re just taking orders from London (via Washington), and the Russians have no say in their country’s fiscal policy. That is why Putin’s challenge to the West is doomed to fail. I do not say this to boast, it’s just a fact, and a desperate one at that.

  66. Kali says:
    @Notsofast

    Dear Notsofast,

    I have a theory, born of recent personal experience, that right now we (all of us!) are being challenged to transcend our (macro and micro) karmic trials in order to leave our shit-karma behind and move on/evolve.

    It is my lifes experience that karma repeats and increases until it is faced and overcome. (In simple terms, if my day starts out bad, and if I then go on to pass my shitty mood on to some other, and they go on to do the same to another, then my bad day is amplified and shared. If I simply accept, without rancor or self-pity, that my coffee was cold, then I do not pass my karmic shit foreward and so it vanishes from the world forever.)

    I feel that is where we are right now as a species. If we are to survive and thrive, then we must face our personal and societal difficulties consciously in order NOT to carry them foreward.

    I’ve not read ir studied the Bhgavita (maybe that’s surprising given my calling/name) but I surely do take your point. Some say we are still in the Kali Yuga, others that we are now ascending through the first stages of the Dwapara Yuga [see ucc.zone]. Which ever it is, I feel sure that unless we evolve in a more conscious direction, towards truth and a loving state toward ourselves and others and God we may find ourselves hutling toward a bloody end.

    Again, from my own experiences, I am certain we have what it takes to trascend and evolve, because God is coded into our very Being!

    With love and thanks,
    Kali.

    • Thanks: Notsofast, Irish Savant
    • Replies: @Sue Dunham
  67. @animalogic

    Yes, I truly deserved that [MORE] tag. However, I will not forget (or forgive) that Whitney blamed the COVID “vaccines” on Satanic power for months before switching back to geopolitics. His swivel away from the pandemic has been just as head jerking as the MSM’s. Whatever happened to the supernatural global depopulation scheme, Mike?

    • Replies: @Peter Rabbit
  68. @Notsofast

    The Zionist-controlled West wants Russia to be one of its slave vassals. They have left a century-long trail of their hateful design.

    http://biblicisminstitute.wordpress.com/2015/03/17/the-truth-about-the-conflict-with-russia/

  69. anon[392] • Disclaimer says:

    The 2 most important things I have learnt in my life are:
    1. Look at actions and ignore the words
    2. People who act smart are usually dumb and those who act dumb are usually smart

    Through out this Ukrainian circus, it seems every effort is being made to paint the Russians as dunces and our Ivy League shemales as geniuses. Yet, when I apply my two rules I see:

    1. Vlad barks and then bites
    2. The US barks and then barks some more
    3. What comes out of the mouth of Putin and his advisers is pure logic and common sense
    4. From the mouth of our dear leader, his cackling VP and advisers spills pure bullshit and idiocy

    Expert after US expert is trotted out to look at the tea leaves and chicken bones and predict what Putin will do. However this cagey KGB Colonel always does the unexpected leaving them with egg all over their faces. Then we embark on another round of channelling and Haitian voodoo spirit communication with the same results.

    You dont get to be a KGB Colonel in the old Soviet Union by being a jackass. However, one can be elected to President and Vice President you know where with an IQ nudging freezing temperature.

    As such, I view any article or information about Russia’s (or her leaders) failure and ineptitude not as propaganda, not any more. I look at it all as dog shit !

  70. Kali says:
    @Bugey libre

    Ah, Brother Bugey! Good to read you again. 🙂

    I hope you look at my reply to “Notsofast” above. – We (mankind) are at a point in our evolutionary history where we much choose wisely. Either we leave behind those things which cause us undue pain and unhelpful self-pity, or we will go the way of the dinosaurs.

    But I am more certain every day that our Creator responds possitively, and our future brightens, with each and every act (and thought) of true love.

    The road ahead may be a tough one, but just as we have travelled a hard path to self-realisation throughout our lives so far, we have learned all that we need to continue our evolution. In benediction to the Divine. Jah Love.

    Those who have not travelled the path, those who have not learned anything of the way, those who continue in hate… they will pass from the world as will the karma they inflict. Unless not enough of us love God.

    Did I ever tell you that whenever I read your screen-name here, I read it as “boogie” and imagine a wonderful dance? 😀

    Much love Brother Bugey. To your children also.
    Kali.

    P.S. I will take a look at the blog you reference. Thank you!

    • Replies: @Bugey libre
  71. @Kali

    because God is coded into our very Being!

    Not only this, but God is coded into every being. God is coded into the ignorant, the evil, the conspirator, and the profane. The Eye of Providence is not the symbol of the Pope or the Lizard Queen; it is a symbol of the supreme Spirit, the silent witness to all things, and the will to light and power. There is only one conspiracy when all is said and done. And all of us, in our way, participate. When Arjuna fights his cousins, Kristna does not counsel him on good and evil. Kristna counsels Arjuna on inevitable duty. Kristna reveals his total form. Terror is simply beauty beyond comprehension. What we do to any living thing, we do also to our self. But there is a time to every purpose under heaven.

  72. Imma says:

    Russian central bank doesn’t do it because they are all on the same side. They’re making this show for us all, the sheeps.

  73. Mefobills says:
    @atharvaveda

    The question then is why Russia, at least for the time being, continues to export oil and gas to the West, in exchange for money it cannot use?

    It is so they can service loans and items not priced in Rubles. It is so they can defend the Ruble against currency shorts. Defending against shorts defends the exchange rate.

    PCR is right, most economists are brainwashed with neo-liberal thinking.

    When Perry’s black-ships arrived during the Tokugawa Shogunate, the Japanese did not go on a spree of taking out dollar loans.

    Japanese worked and exported goods, such as Japanese crafts, to then acquire dollars. The dollars were then used to finance Japanese students to go abroad and learn western technology. It took less than a generation before Japan had mastered steam locomotives and other technology. Japan did not supplicate itself and become a debtor nation, indebted to outside forces.

    Japan is an island nation, but Russia is not. Russia has all the minerals, energy, and brainpower they need – except for a very few things that only dollars can buy.

    If a central bank creates Rubles, and then channels said rubles into productivity modes, then it is all good. It is only inflationary if the credit stimulation cannot be paid back by increased production.

    The very first industrial capitalist economy reduced economic reality to its essence. In Mass. Bay colony they issued bills of credit (disappearing money) into the economy, which channeled toward industry. That industry being the first iron works, which should be a museum today- but is not.

    They also issued Mass. Bills (non disappearing debt free money) to pay the interest on the bills of credit. (This also proves you don’t need negative interest rates – yet another hypnosis passed by the neo-liberal crowd.)

    Mass Bay leadership (John Winthrop especially) then watched the channeling and circulation patterns, and noticed how well it worked. This model then became the basis for the Pennsylvania Colony and Franklin’s success.

    Neo-Liberalism is a function of “City of London” and is a brainwashing operation. Neo-Liberals are Finance Capitalist and not industrial capitalists.

    The Russia central bank is festooned with ne0-liberal economists who likely believe what they were taught since birth. Fifth columnists are not all conscious disinfo agents, many actually believe the BS they were spoon fed since birth.

    Look at how many Lolbertarians come to UNZ and blather on about gold. These sort of people have to be marginalized or moved out of positions of responsibility.

    The real question is why Putin has not listened to Glaziev, and has left fifth columnists to operate, including Medvedev. It could be that it was just too big of a problem to grab onto until now.

    Or, as PCR says, the Russian Central Bank will now be forced to do its job, and work for the Russian people, rather than foreign capital. If Putin does not seize this moment, then we will know he is an ignoramus when it comes to economy.

    • Agree: Herald
    • Replies: @Truth Vigilante
  74. ariadna says:
    @Cookie

    “the Western reaction to the reporter detained and released for her on screen protest in Russia, by holding up a placard..”
    I liked that the sign said ‘Stop War’ (in English and obviously using the Latin alphabet). It was informative to me because I did not know that English is the official language in Russia, nor that they had abandoned the Cyrillic alphabet). So clearly the intended audience was the Russian people.

    • Thanks: GMC
  75. ariadna says:
    @Sue Dunham

    “Not going to rehash this issue for the Nth time.”
    An empty promise reneged on instantly

    • Agree: Poupon Marx
    • Replies: @Sue Dunham
    , @Poupon Marx
  76. @onebornfree

    There is a developing world in Asia and Africa and Russia could redirect its European exports to those regions without suffering much in export losses. Then exports to EU and US would just be a bonus and they’re still going on in many sectors, if you’ve noticed, but it depends how hard Russia wants to hurt the West by switching them off completely. If the EU is serious about long term and more extensive sanctions then it is looking for other sources to switch to so Russia cutting its exports to the EU immediately and completely would hit them hardest before they can adapt to the new situation. but like usual, Russia is too nice and will allow them to transition slowly to any new sources of resource imports, but which will be of greater cost to the EU.

    • Replies: @DevilAdvocate
  77. Levtraro says:
    @Brás Cubas

    Maybe these counter-sanctions proposed by PCR will take place but then in addition to worsening the internal situation in western countries, Russia will lose a channel into influencing the West, the commodities business channel, and that is the single remaining formal channel of contact at this point. Completely severing these connections increases the likelihood of all out war.

    I think it is not going to happen, since Putin recently said that unlike the West, Russia respects private property and business contracts so they will not nationalize western assets in Russia.

    The West is acting like offended teenagers, cancelling, screeching, offending, posturing and generally acting like spoiled brats whose whims have been denied. It’s a reflection of the West’s cultural and intellectual deterioration and general feminization of politicians and journalists. I just don’t think that reciprocating with similar behaviour is adequate.

    Also PCR seems to be leaning far left with his ideas of printing rubles and forgetting about everything else. Hudson seems to have been working his Modern Monetary Theory (the new Marxism) nonsense into PCR’s mind.

    Previously PCR was asking for a more bloody approach to the war from the Russian side. He wrote in Ukraine update #6:

    A quick, decisive, even brutal victory after which the Kremlin dictates, not negotiates, the conditions for Ukrainian independence would have convinced Eastern Europe, and most likely Western Europe as well, that it is a disastrous policy to enable Washington’s provocations of Russia.

    My emphasis. Some advice right there, being brutal to disable Washington’s provocations. Being brutal is just, brutish. Better to be clever and rational, even if being rational is the burden of just one side.

    Finishing the war with the least number of casualties and destruction of property at the pace necessary for that outcome to come about seems to me the right thing to do.

  78. anon[910] • Disclaimer says:

    NO, sanctions are not about crippling Russia, it’s about crippling the West. Let’s remember the primary goal of the United Sates and our Lockstep Western partners, to collapse the United States people and economy along with the EU. Evil is afoot.

  79. GMC says:
    @Kurt Knispel

    Privat Kurt, Sberbank has different rules for different areas that are sanctioned. I used to have dollar acct. there, but it was cancelled 4 years ago because of where I lived. The bank itself was a really well run, at least the ones I have been in. I’m not sure anymore which banks are “dependable” anymore since they all seem to be related. It’s really amazing how many banks own your money, once you try to move it internationally. My longest run in order to get money from the states was a round trip Simferopol to Kiev, right before the Maidan.
    Oh, my gaz bill last month for heat, hot water and cooking was 15 dollars { converted}. 6 or 7 ruble per cubic meter. Pensioner price. Utility bills should never be used to punish or Bull shit the people.

    • Replies: @Kurt Knispel
  80. @ariadna

    No, if I were going to rehash it I would go through Jesus’ anti Jewish teachings blow by blow. There is quite a lot to cover. But my point above is that such a rehash is not really necessary. All you have to do is recognize that from its inception, Christianity rejected Earthly Zionism and posited Heavenly Zionism. Paul asks his followers to submit to an unseen and intangible kingdom led by a celestial Messiah. Gospel Jesus later tells his followers how to destroy their Earthly lives so that they may more quickly and surely reach the Heavenly kingdom. Gospel Jesus says his teachings are only for evil Jews. He is negating their fabled covenants and preparing them for ruin at the hands of Rome. I would say this is much nearer to the abolition of Mosaic law than its “fulfillment”. Always keep in mind that Gospel Jesus is a master of black PR.

  81. Think2ce says:

    Mr Paul Craig Roberts does not know or does not want to tell a full truth here. It looks like that Russian Federation is a collonial pseudo-state and is infected with rough economic agents of foreign influence all over it. Ask a simple question: Why “Putin” regime did not tried to replace the head of central bank? Why it was promoting numerous agents of foreign influence educated and brainwashed (maybe compromised as well) by Soros-Swartz Open Society Fund and USAID into a key strategic positions? Why Russian economy and key Jewish oligarchs (holding Israeli citizenship) was not de-offshoresized” and put in jail? The problem for sure is not with “mongoloid looking” head of a central bank, it is with a corrupt and rotten system which was created after 1991…

    • Agree: Bugey libre
  82. @Kali

    It’s not just the Western world that doesn’t have love and support from their political class, it’s a world wide phenomenon. The modern man got rid of blood sucking fleas, ticks and lice but a deadlier parasite has latched on them. This parasite sucks wealth and causes strife.
    The parasite in chief (dear old Soreass) has stated that China & Russia alliance will be the end of the west.
    No dear Soreass, it will be the end of the wealth sucking parasites.

  83. Austin says:

    Can’t somebody explain it to them ??!

  84. @Kali

    Hi sista!
    Nice reading you to. I gave your contact to a good friend of mine who is interested by your project. He has a doctorate in economic but has stopped “practicing” for a decade. He has made a documentary and he is a “bigger than life” kind of people.

    I am doing the nursery for the garden and will work in a local vineyard doing organic natural wine in the coming months. The mother of the children has finally went back in France. She had gone in her native Mali (which to my great sorrow is now forbidden for me) for one month but because of the situation with France and this country’s respectable authorities, Air France had canceled all flights for almost a month. Mali is still surviving the economic sanctions from the “international community” and is not bowing down to the usurers.

    As to your spiritual understanding… I am sure you will love that young Swiss woman’s vision about the present situation:https://www.youtube.com/c/ChristinavonDreien21/videos

    Much Love to you and all those around

    Boogie!!

  85. schrub says:
    @Sue Dunham

    Sue, let me give you a hint. Don’t use date terminology like CE or BCE in any comment here on UNZ if you want to be taken seriously.

    Using these terms is a dead give away that you are attempting to identify as someone you are not.

    Say and repeat: AD not CE. BC not BCE.

    • Replies: @Sue Dunham
  86. Exile says:
    @onebornfree

    Onebornfree demonstrates again, as always, that libertarians have no business on the international stage – unless everyone wants to live in a Social Darwinist hellscape of economic zones not nations, gig economies not careers, labor arbitrage foreign workers, sweatshops, childless marriages of convenience and a population with no sense of worth or purpose beyond a spreadsheet.

    • Replies: @Truth Vigilante
  87. @Levtraro

    I don’t know. As long as Russia can afford it, maybe you are right. With a reminder that being brutal and swift is sometimes more humane than being merciful and allowing the conflict to prolong itself indefinitely.

  88. donnyess says:

    It’s 20 years past time for Putin to put his slavic pride in check…downsize his government…get his house in order…weed out his client list…only do business with people who aren’t trying to kill you…If it’s raw resources then yes maybe settle in roubles or precious metals…or barter…you play in their house?…you play by their rules. Stay away from any dependency lock-in with China or India or EU.

  89. Geowhizz says:

    Netanyahu: “Once we squeeze all we can out of the United States, it can dry up and blow away.”
    Pretty clear statement of parasitical intent.

  90. @Sue Dunham

    This derivative-from a child’s level of a religion, Christianity-can do no more than its base source. People who read the Bible, and absorb its anthropomorphic, pathetic imagery (thrones, kings, walking on water, bread from stones, etc, etc) are giving themselves lobotomies.

    With rotating machinery, the speed limits and capacity must be governed and regulated. The device that does this, limiting and regulating speed and load is called a Governor. Christianity is present to only allow a low level of understanding, personal development, and spiritual growth. A truly pathetic gift from the The Chosen Tribe, inserting a permanent catheter in the elbow vein from which to inject every and anything that was toxic and deleterious.

    Your post, Madam, exemplifies such a free floating flotsam of debris-bits and pieces of rational thought and analysis.

    Free yourself and your self imposted limits, my little lamb.

    https://www.diamondway-buddhism.org

    • Agree: Alden
    • Replies: @Kali
    , @Sue Dunham
  91. @ariadna

    These people are similar to life long stone heads, their drug of choice is virtual. This is a person who mistakes her small plot encircled by a high and solid wall as the the whole of existence.

    I hate to proselytize-no, I really don’t-but people like this are similar to the disease prevalent in previous eras, due to vitamin (vital minerals) causing beri beri, scurvy, etc, etc.

    I just hope that occasionally I might have some effect on those who run in circles.

  92. Mefobills says:
    @Levtraro

    Also PCR seems to be leaning far left with his ideas of printing rubles and forgetting about everything else. Hudson seems to have been working his Modern Monetary Theory (the new Marxism) nonsense into PCR’s mind.

    Printing Rubles and forgetting everything else? That is you building a strawman.

    https://michael-hudson.com/2020/04/the-use-and-abuse-of-mmt/

    Hudson is against MMT being twisted to support the financial sector and banking class:

    By subsidizing the financial sector and its debt overhead, this policy is deflationary instead of supporting the “real” economy. The effect has been to empower the banking sector, whose product is credit and debt creation that has taken an unproductive and indeed extractive form.

    Sovereign money, if it CHANNELS appropriately into productivity sectors is a net benefit. It is exactly how American won the revolutionary war. “Worthless as a Continental,” is because the British were counterfeiting them.

    A version of MMT (Treasury money) was a key ingredient to the success of the original american experiment. MMT DOES make mistakes in that it conflates the private banking sector with government money. But, the overall analysis is still fairly correct.

    If anybody doubts that America did not use GOLD, or BOE credit to start up the country, they should familiarize themselves with Hamilton’s report on manufacturers.

    https://www.mathewcarey.info/life-legacy/transition-to-publisher-and-democratic-republican-1789-1796/hamiltons-report-on-manufactures/

    George Washington knew something had to be done. In his first message to Congress, Washington suggested that the United States needed a policy for American manufactures, especially for military security. Britain’s dominated the new Industrial Revolution. On January 15, 1790, the House asked Alexander Hamilton, Secretary of the Treasury, to formulate a plan. As knowledgeable as Hamilton was on banking and law, he knew he needed help preparing a report on manufactures. He sent a circular to societies throughout the United States to learn more about local manufacturing.[1]

    “…[the safety of a free people] require that they should promote such manufactories as tend to render them independent of others for essential, particularly military, supplies…”[2]

    George Washington

    This lessons about sovereign money and industry has to be learned over and over again, apparently.

    • Replies: @Levtraro
  93. schrub says:

    I haven’t read all these comments yet, but has anyone already mentioned that Russia’s central bank is as much under governmental controlled as our own (privately owned) Federal Reserve Bank is. If memory serves me correctly, the only large central bank that is still fully under actual governmental control is the one in China.

    I seem to remember that the dissolution and asset stripping that occurred during Boris Yeltsin’s thoroughly corrupt regime resulted in Russia’s central bank being thoroughly privatized by “a mysterious cabal” of foreign banking firms. This was done as a condition for being granted the kosher seal of approval that is absolutely required by western banking interests to enter into the capitalist world.

    This means that the present heads of Russia’s central bank won’t be tried for treason for absconding with the Russian funds once this all over and Putin has been disposed of. Instead, they will be showered with acclamations by their head honcho Nate Rothschild and his shadowy associates for “clever banking strategies and preserving democracy “.

  94. Exile says:

    Since PCR won’t allow comments on his own posts, I’ll say here that while I agree with his assessment that Russia’s economy is still helmed by too many pro-Westerners in love with financialization over nationalism, the military assessment in his latest piece is less defensible.

    If Russia were indeed fighting a total war with victory the only measure, his points hold but Russia has recognized that Ukraine is a political exercise as much as a military one – and the NATO nations have a long history of manipulating war crime/atrocity porn into causus belli. PCR is upset (as am I) that 1/3 of Americans are willing to risk nuclear war over Ukraine, but a total war waged under the lens of Zio-media would have pushed that number to a majority.

  95. Anon[298] • Disclaimer says:

    I wish PCR could act as advisor to the Russian govt. Can someone advise the Russian to appoint him

  96. Agent76 says:

    March 17, 2022 Nuclear War is “On the Table”. Build Awareness. Say No to Joe Biden’s \$1.2 Trillion Nuclear Weapons Program!

    Integration of Nuclear and Conventional Warfare Today, the dangers of military escalation are beyond description. What is now happening in Ukraine has serious geopolitical implications. It could lead us into a World War III Scenario.

    https://www.globalresearch.ca/is-the-bush-administration-planning-a-nuclear-holocaust-2/2032

    Mar 14, 2022 Ukraine may be able to ‘outlast’ Russia

    Former US Commanding General Frederick Benjamin Hodges says if Ukraine if given all the tools it needs, it may be able to “outlast” Russia.

    • Agree: Kali
  97. Mefobills says:
    @Brás Cubas

    (The “surprise” stems from the damage he, and for that matter Whitney, have done to their credibility with their pandemic-related pieces.)

    PCR was initially wrong on pandemic and Covid hysteria, but he pivoted pretty quickly. He was duped in the beginning by all the false narrative, but give him a little credit for being able to rise above the shills.

    Anybody can go back and read his articles and see the pivot/transition point. Personally, I was waiting for him to pull head out of rectum, which he finally did.

    With regards to all the bleeting and butt-hurting that people have about PCR not allowing comments on his website, he has addressed that also.

    Apparently there were so many cranks and shills that it was causing problems, and he didn’t want to put up with it. It is his website, he can do whatever the hell he wants with it.

    Does anybody deny that most people are normies and only regurgitate their programming?

    Normies can always come to UNZ and post their favorite unsubstantiated pet theories, or virtue signal their MSM programming.

    I also tend to agree with Roberts, but I think he is wrong on harsh measures. Putin ALWAYS waits for pressure to build and then pushes in the direction he wants it to go.

    He uses Judo and pushes downhill. Also, by continuing to sell to Europe, he is signaling to those who are not braindead, that Russia is a sane actor, and that the Americans (I’m American) are not sane.

    There are still sane people in Europe, and sooner or later, sanity prevails. Clown world will not last because it cannot. Putin is less of a hot-head than PCR.

    • Agree: Mario Partisan
    • Replies: @Brás Cubas
  98. Cowboy says:
    @Badger Down

    Ha! Don’t piss on the 4th of July, errr… Festival of Lights!

    Silly is the Badger with no teeth.

  99. Although I liked the interview, I starkly disagree with the piece’s title, which I find misleading. The mention to “hostile foreign agent”, followed by the subtitle “interview with economist Paul Craig Roberts” creates the impression that it is him who espouses that notion (regarding the Russian Central Bank chief), when in fact he states that he does not think it is likely. I think that, as a sign of respect for his interviewee, Whitney should rephrase the title without reference to what is possibly his own opinion.

  100. @GMC

    There should only be one bank and that is the government post office with the postmaster as a public servant in the true sense of the word.
    If people want to “invest” (I totally despise that word) in metal…may I suggest tools like hammer and sickle?

    I am not a commie, but all for the peoples and a peoples economy with a peoples’ government versus “global stakeholders”. Aren’t we all are?

    How much is Diesel (on the mainland)?

    • Replies: @GMC
  101. Levtraro says:
    @Mefobills

    Yes, you’re right, that part came across as a strawman, way too simplistic, I’m sorry for that. Thanks for the link to Hudson et al. preprint. I will read it.

    Actually, I read the summary of Hudson et al.’s preprint. They are saying that MMT has been misused in the USA to allocate privileges to the FIRE sector while the true, sincere MMT seeks to allocate wealth into the real economy. Just like true, sincere Marxism is a benevolent ideology that somehow ends up a calamity because of misuse. MMT sees the State as the creator of wealth making it the new Marxism. That’s why it is so popular among leftist economists.

    There are many detailed and technical arguments against MMT. Interested readers can do a search of “MMT critique” and several sources will pop up.

    • Replies: @Mefobills
  102. How Jews willfully mislead us. Yet, all these fools still trust MSM.

    It’s getting to the point whereby

    ‘Jew’ = shameless liar

    ‘Russian disinfo/propaganda’ = the almost certain truth.

  103. U am neither an economist nor a historian, but I think most if not all of these comments are premature. What we know is that Russian has invaded Ukraine and has given the world its reasons. The war is not yet over, and until it ends most of what is being said in other comments seems to be shooting at a moving target. Everybody wants to get in on the act, just as Covid suddenly inspired hundreds of commentators to turn into Covid experts. The only unmistakable reality thus far is that US weapons makers are salivating at the thought of more war. And that scores of Ukrainians are going to die because the US is sending more weapons to Zelensky, hoping to lure Russia into another quagmire. I think Putin is deliberately being casual and slow, waiting to see what happens next.

  104. Mefobills says:
    @Levtraro

    There are many detailed and technical arguments against MMT. Interested readers can do a search of “MMT critique” and several sources will pop up.

    I’m critical of MMT sectoral balance approach, where they jam together the finance sector with government.

    What the hell is that? Otherwise, their analysis of how the money system works is fairly accurate. The private banking sector uses the government as an adjunct, and they should not be jammed together.

    Huber takes it further and deconvolutes the private money system from government, and exposes MMT mythmaking.

    https://sovereignmoney.site/

    https://sovereignmoney.site/modern-money-theory-revisited

    I get it, people don’t want to parse out Hudson, or PCR when they say something that is inaccurate.

    They don’t have the time or inclination to read a bunch of theories and punch through it all. It can get very tiresome.

    Hudson and Huber have given speeches together, and they are not strangling each other. Huber pretty much nails it in my estimation, whereas the MMT crowd is maybe 90% accurate.

    • Replies: @Truth Vigilante
  105. Rubicon says:

    We have been reading PCR’s commentaries for years now. He used to blast away at US Capitalism, its belligerence against millions of average US citizens and the World, itself.

    But all these criticisms ended abruptly about three years ago. Instead, PCR shifted his attentions towards social-cultural issues erupting in America. Why?

    How is it, that an expert in economics & finance would step away from the growing turbulence of the US Financial Markets, The FED and The Big Banks, in light of the 2019 near crash of the whole system–shades of The Financial Crash of 08-09.

    Most of us probably didn’t follow what happened when there was a huge onset of The Fed & its ECBanks started churning out trillions of \$/euros in 2019. This initiated huge rises in US “inflation” & a very volatile financial market that continues even today in 2022.

    Dr. Paul Craig Roberts failed to discuss or post any articles on that huge issue. Why? Was his wealth involved in that melee? Hmmm, we wonder.

    We have developed “doubts” about PCR’s authenticity.

    • Replies: @peterAUS
    , @Mario Partisan
  106. Derer says:
    @Paul Craig Roberts

    Putin knows best what is happening in his country. We can only speculate. Perhaps, so far everything goes according to the careful plan and in his mind, time has not come yet for drastic counter actions. However, one cannot safeguard good reputation in honoring European clients with energy for long…especially when West’s hateful and slanderous propaganda machine is raging against his country.

  107. Kali says:
    @Poupon Marx

    Please forgive my interjecting Pouton Marx.

    I have not followed your conversation with Sue, but did read her recent comment, in which she asserted that JC had come to abolish “the law”, not to fulfill it (I think).

    My own intuitive take on that is that given that JC’s fundamental message was “don’t be a jew”, it follows that “the law” of the judaites was lifted from the backs if his believers by him.

    The “Church”, on the other hand, saw to it that ((the law)) begame its doctrine and incorprated its foundation into its “holy scriptures”.

    [MORE]

    I hope Sue (or you) will correct me if I’m wrong, but I feel that the two of you may be talking about different things: You, about the “church” which stole His name and defiled his teaching: Sue, about her own (theological? religious?) understanding of what “the man” Jesus Christ, as depicted in the gospels, actually taught, beyond the politics of “religion”.

    So it could be that you are both right! 🙂

    But I digress, as I actually popped in to ask a question/pose a dilemma to my fellow commenters here.

    My problem is this:
    Like many (all) of you, I’ve seen and read plenty of articles on the threat of nuclear war in recent weeks/months. Indeed our own, increasingly irrate, Paul Craig Roberts has published on the topic prolificalky of late. – For my part, I don’t tend to take him very seriously becaus of his tendency to hyperbole (but I do appreciate his analysis and perspective in other regards and read his column faithfully).

    As such, though his writings do occasionally induce a little tention, I still have no compunction about sharing those that offer an otherwuse good overview of the situation.

    I often DON’T share articles which spread unnecessary/unhelpful/debilitating anxiety. Particularly if those articles are flecked with personal (impotent) outrage

    I have, however, read today an article which lays out the official US policy, since 2006, regarding the use of tactical nuclear misiles in the “theater”, as all you novo-tacticians out there may say.

    Anyway, the point is, this article twisted my gut. It contains factual information, pertaining to exactly how EASY it would be for the US to start an all-out nuclear war.

    Please help me to understand how USEFUL this information may be if I were to share it? – OH!…

    And even in posing that question, the answer comes: It may help you to prepare for you and your famies/friends survival, as long as it dies not induce impitant rage or debilitating anxiety. – Use it to make possituve, life-affirming changes, and … wekcime to the furst day of the rest if your lufe!! 🙂

    I would suggest getting as far from “the metropolis” as you can, taking with you the basics – moter- homes and caravans are wonderful things ( and physical comfort is more impirtant to your welbeing than you know… that is, a place to relax). Think primative and think ahead.

    It may be that you, if you see to your survival, will be “essential” to our spiritual, metaphysical, evolution as a species. Godspeed!

    In fact that may be the case regardless of those ((morons and psychopaths)) attempt to replace God on Earth.

    Could be that, however this goes, it’s time to get out! Make whatever preparations you need to and leave that fucking obnoxious Death Cult behind! (It’s 8 years to 2030…)

    Ah, yes the most revealingly apocalyptic article I’ve read during these theatrics… updated from an article/book published in 2011,..

    Exerpt:

    The Pentagon’s Toolbox
    Military planning focuses on “the most efficient use of force” , -i.e. an optimal arrangement of different weapons systems to achieve stated military goals.

    In this context, nuclear and conventional weapons are considered to be “part of the tool box”, from which military commanders can pick and choose the instruments that they require in accordance with “evolving circumstances” in the war theater.

    None of these weapons in the Pentagon’s “tool box”, including conventional bunker buster bombs, cluster bombs, mini-nukes, chemical and biological weapons are described as “weapons of mass destruction” when used by the United States of America and its coalition partners.

    The stated objective is to:

    “ensure the most efficient use of force and provide US leaders with a broader range of [nuclear and conventional] strike options to address immediate contingencies. Integration of conventional and nuclear forces is therefore crucial to the success of any comprehensive strategy. This integration will ensure optimal targeting, minimal collateral damage, and reduce the probability of escalation.” (Doctrine for Joint Nuclear Operations p. JP 3-12-13) emphasis added

    And on it goes, demonstrating the astonishibg ease with which these WMDs can be deployed… by the stupidest people ever to hold power… and their stupid generals.

    https://www.globalresearch.ca/is-the-bush-administration-planning-a-nuclear-holocaust-2/2032

    If you are prepared to contunue to live under the rule, and the jurisdiction of such a death cult as pervades “the Establishment”, stay where you are, and take your reward… the mark/qr-code of the beast?

    If you are not then you need to start behaving like it.

    Develope your own paralel systems, Cooperative Comnunities (copyright me, under Creative Commons) Community Stores, gardening cooperatives, distribution/trade/exchange networks (I suggest no money of any sort (including LETS) Anything other than an Open Gift Economy will always be at risk of corruption, imo)… You can create whatever alternatives best fit your communities needs, right where you are as long as your away from urban/metro centres.

    If you’re in a city, I’d suggest getting somewhere remote. – I can practically guaruntee that you will meet like-minded people along the way. If you’re young and don’t have wheels, hitch… old-school!

    If you’re old and only have wheels on your chair, help the young-uns pack and wish them welm on their journeies. No regrets.

    Life without freedom is spiritual suicide.

    Sorry for goung on so long!!

    All the very best,
    Kali.

  108. peterAUS says:
    @Rubicon

    Most of us probably didn’t follow what happened when there was a huge onset of The Fed & its ECBanks started churning out trillions of \$/euros in 2019.

    Some of us did notice certain things announced in June 2019 and then happening in September 2019
    We even tried to talk about it here. Such comments started to disappear in limbo.

    Dr. Paul Craig Roberts failed to discuss or post any articles on that huge issue. Why?

    I am sure you know the answer.

    Just read Putin speech, BTW.
    The gist is: what’s now going to happen to Russian plebs is direct result of Western sanctions. Not ONE word about the nature and state of the world financial system.
    For plebs on the West, naturally, the reason for what’s going to happen to them is direct result of Russian aggression.

    Man, do they all play us good.
    We deserve it.

    • Replies: @PetrOldSack
  109. Spanky says:
    @Cookie

    The western media does hypocrisy well… it’s their staple diet.

  110. @Mefobills

    As I implied by adding “and, for that matter, Whitney”, what I condemn is not Roberts’ initial position, but his later one.

    As for the rest of it, your position is close, if I understand correctly, to that of Levtraro. So, my reply to you would be the same. To be frank, I do not think Russia can afford to be half-hearted and have concerns about its image in this matter of economic measures, but what do I know?

  111. @Kali

    You need to back up. Dr. Roberts and his fellow Supply Side economist, the late Jude Wanniski, both stated that Supply Side was never fully implemented under Reagan. When the Soviet Union collapsed, both advised against the forced sale of national assets, arguing that their model required the population to come to the need for the sale, on their own. The Clinton “it’s the economy, stupid” crime syndicate was there preaching the opposite, and succeeded in winning over the Russian economists. as I recall, both Wanniski and Roberts predicted what would happen in Russia, just as Clinton appointee Brooksley Born correctly predicted what Allan Greenspan’s lobbying for de-regulation and “complex financial instruments” would do. It’s not all economists, just the ones who have influence on the politicians that matter.

  112. Mefobills says:
    @mocissepvis

    Russia is playing the Globalists’ game along with the rest of the world’s governments. The only question is what exactly is the Kremlin’s end game?

    And yet, there is a global fracture. Lavrov has even said the below:

    https://www.linkedin.com/pulse/never-again-we-rely-west-lavrov-says-/

    “We will make sure that we never find ourselves in a similar situation again and that no ‘Uncle Sam’ or anyone else can make decisions that are aimed at destroying our economy,” he vowed.
    We will find a way to no longer depend on it, and it should have been done a long time ago,” Lavrov added.

    That is pretty plain language. The WEF and finance capital globo-homo crowd is being rejected by Russia, and vice versa.

    The Atlantacists are going to be ejected from Russian command and control, because it is now clear (to the Russians) who their enemies are.

    Global finance capital does not get to slice and dice the Russian economy into new debt instruments, and then extract a usury tithe.

  113. PCR pushes the same insanity he always pushes.

    Russia is not trustworthy and his neighbors know it, and Putin is proving it again in Ukraine. His “reasons” for invading are transparent lies, and PCR thinks noting such things is “Russophobia.” PCR is one of those people that it is better to ignore than pay any attention to what they say. Listening to him will simply make you less informed than when you started.

    • Agree: Johnny Rico, Alden
    • Disagree: mocissepvis
  114. Jesus made it very clear that YHWH is the devil (he who promises his followers all the riches of the world), and that YHWH’s rules are not to be respected by the righteous. According to Jesus, YHWH is Satan, the imaginary father of the Jews, and the adversary of the true Israel.

    This certainly rings true, as Jesus addressed the Talmudic Pharisees of his day, whose spiritual descendents are now running the AZ Empire:

    You belong to your father, the devil, and you want to carry out your father’s desires. He was a murderer from the beginning, not holding to the truth, for there is no truth in him. When he lies, he speaks his native language, for he is a liar and the father of lies. — John 8:44

    As a missionary kid, recovering Calvinist, the cognitive dissonance inflicted by incoherent Judeo Christian programming that fused the racist, genocidal sadist Jehovah with Jesus Christ and the Holy Spirit as one triune God finally became too excruciating to endure and I simply disavowed Christianity entirely as a result. I am however, very interested in the theological basis for your comment and whether Christ, whose gospel certainly resonates with me, has any real relevance for agnostics like me.

    • Replies: @Francis Miville
  115. @Commentator Mike

    There is a developing world in Asia and Africa and Russia could redirect its European exports to those regions without suffering much in export losses. Then exports to EU and US would just be a bonus

    But what does Africa and Asia have to really attract the interest of Russia ? In other words, what kind of money they have to pay for the russian goods ? Here, african and asian money, means something that can be used later to purchase goods from these continents.
    Europe is obviously the main commercial target. That is IMO the real reason for all this tiptoeing on not retaliating hard to the so-called West. The West, in russian perspective has 2 components: the US and EU. The first is doomed but must be dealt very carefully, because of its nuclear power. The 2nd is also to be dealt carefully, but as an unconscious child who got astray and must be re-directed into the right path.

  116. @Dutch Boy

    Z should accept this deal in a heartbeat.

    Agreed, but Zelensky would have very few heartbeats remaining if he thus betrayed his puppeteers.

  117. @Levtraro

    The West is acting like offended teenagers, cancelling, screeching, offending, posturing and generally acting like spoiled brats whose whims have been denied.

    The “West” cannot be aggregated in one sole entity. IMO there are 2 components: the US/UK and EU. The first is doomed but must be dealt very carefully, because of its nuclear power and its control over many countries (including MSM). The 2nd is also to be dealt carefully, but as an unconscious child who got astray and can be re-directed into the right path.

    These differences explain why all Putin’s tiptoeing, from one side calling them the “Empire of Lies”, from another not retaliating hard with counter-sanctions. After all, to whom is directed the Belt and Road Initiative ?

    • Agree: Levtraro
  118. @DevilAdvocate

    But what does Africa and Asia have to really attract the interest of Russia ? In other words, what kind of money they have to pay for the russian goods ?

    Africa can pay in diamonds, others in gold. The West has paper money that they just print without any gold base.

  119. @Poupon Marx

    Sir Poupon, I regard both old and new testaments as literature. I regard all the kings, including Jesus, as fictional. I am fascinated by the Bible, but I do not answer to it. Instead I try to make the Bible answer to itself and to history. Buddhism is all well and good. But it is not the foundation of contemporary Western culture. The Bible is. I am here to show to my culture that the Bible is purely fiction. It’s not about which parts of the Bible are right and which are wrong. It is about who wrote which parts of the Bible and why.

    You say that Christianity only exists to allow a low level of understanding. But Mark says this is not really true. Mark says that Christianity will enrich the understanding of the elect even as it diminishes the understanding of the many. Christianity is the mustard seed that most often falls on barren ground. Many are called, but few are chosen. Where is the harm in understanding the meaning of a piece of literature? Is not the ultimate takeaway from the legend of Jesus the same as the legend of Buddha? To wit, that one should treat others as one wishes to be treated?

    • Replies: @Rebel Roy
    , @Alden
  120. Sue Dunham says: • Website
    @schrub

    Before Jesus Christ? No such person was ever born. Anno domini? Neither Caesar nor Jesus Christ is my lord.

    Words have meanings and meanings matter. Would you prefer that I misrepresent my knowledge? I’m not here to sugarcoat any ideas for anyone. You can simply take my commentary or leave it. You can also debate me if you want to learn something.

    Using these terms is a dead give away that you are attempting to identify as someone you are not.

    OK…then why don’t do me and everyone else a favor and say who I really am?

  121. JFI

    Re US biolabs in Ukraine, Russian MOD names names/details of projects —

    The Russian Ministry of Defence has released fresh details about the US military-funded biolabs operating in Ukraine, including a trove of original documentation. The MoD also revealed that Joanna Wintrol, the US Defense Threat Reduction Agency’s liason officer at the US Embassy in Kiev, has been serving as one of the programme’s curators. …

    … Kirillov shed light on a major project worth tens of millions of dollars and involving Ukraine’s top biolabs. The research, known as Project UP-8, was “directed at the study of pathogens of Crimean Congo hemorrhagic fever, leptospirosis and hantaviruses,” according to the RCB Defence Troops chief.

    https://sputniknews.com/20220317/russia-believes-components-of-biological-weapons-were-created-in-ukraine---mod-1093960475.html

  122. @Arthur MacBride

    Article contains screenshots of documents.
    Also a perhaps significant date —

    The officer said that documents showed that the Pentagon began bat pathogen-related research in October 2019, on the eve of the start of the coronavirus pandemic.

    Letter signed by Wintrol, Obama’s apparently casual reference to USA deliberately infecting people in Guatemala with syphilis etc as far back as 1940’s.
    Etc.

    No doubt CNN/NYT will be keenly following up these revelations.
    Breaking stories with clean-cut American “anchors” imminent.

  123. Austfailia is different. We are no longer merely stooges of the USA, or lap or running-dogs, but a fully fledged colony. You notice it with the Government run ABC media sewer, where Yankee accents proliferate, in staff and ‘guests’.
    Our ‘elites’, a gaggle of fifth-rate psychopaths and boot-lickers, hold the US more dear than their supposed homeland. Our military/’intelligence’ apparatuses are outgrowths of the Pentagon and CIA and we are about to spend hundreds of billions on military toys to confront China. All that money, or 90% at least, will flow to US corporations, like Lockheed and Raytheon, who run war-mongering, racist, extremely Sinophobic, ‘think-tanks’ like ASPI. It’s a neat racket that will get us all killed, but, what the feck?
    The US ‘Embassy’ runs an unknown number of ‘confidential sources’ in politics, but only Chinese ‘interference’ (non-existent but invented by the Murdoch vermin)matters. These US Fifth Columnists were heavily involved in removing Rudd as PM, when his piddling ‘independence’ in regard to China and Israel upset our Masters. The economy is dominated by US ownership, after a ‘Free Trade’ Treaty, so heavily weighted in the USA’s favour that it was laughable, was introduced by Howard, a war criminal in regard to our role in the Iraqi aggression and genocide, and his imbecile Treasurer, Costello, drove the local dollar into the basement, while selling all our gold at US\$200 an ounce, the very bottom of the market.
    And now the alpha psychopaths are screeching at China that it MUST (a WHITE MAN is speaking, gook!)denounce and sanction Russia, or we will sanction China. China that has a negative trade balance with us of fifty billion a year, MUST do as ordered by the ubermenschen. It is so bizarrely insane that one is lost for words. The Lackey Country is in for a long overdue comeuppance.

    • Replies: @Rubicon
    , @Bugey libre
  124. @Arthur MacBride

    Russia needs to put out arrest warrants, with rewards, for the likes of Wintrol. If she could be ‘renditioned’ to Russia, then give testimony, even the Western MSM sewer would have difficulty denying it, although they would. After a while she could be deposited in the Hague for ICC investigation, whereupon the ICC would, undoubtedly release her, or face US bombardment.

    • Replies: @Commentator Mike
  125. @Commentator Mike

    They have goods-barter trade is the way.

  126. Rubicon says:
    @mulga mumblebrain

    “Austfailia is different. We are no longer merely stooges of the USA, or lap or running-dogs, but a fully fledged colony.”

    We are sorry to tell you this, but Australia is a side-hinge of the US FED & its entire Financial Market.
    The US says “Jump!” and the Australian bought off politicians do just that.

    Your problem is, as long as Australia remains hog-tied to US Capitalism, your people will never be FREE.

    Don’t believe us? Go to your main banks in Auzzie land. They are ALL deeply connected to the US Hegemonic Power of the US Dollar. Sad to say.

  127. Hbm says:
    @Ann Nonny Mouse

    The “madman” who had been running around the region attacking things is full of demons named Legion. The Jewish Messiah casts out these demons into swine, drowning them. The meaning is not even particularly well-concealed. Zealot Jewish Nationalist Jesus versus the Occupying Gentile Romans is the real Jesus– if there ever was a real one, and all early Christian discourse is a result of interested parties telling obfuscatory lies about that fact.

    • Disagree: Ann Nonny Mouse
  128. anon[272] • Disclaimer says:
    @Sue Dunham

    Before Jesus Christ? No such person was ever born

    Shroud of Turin indicates you are mistaken.

    https://www.raydowning.com/blog/2016/2/15/the-3d-information-on-the-shroud-of-turin

    https://aleteia.org/2020/08/05/3d-model-of-christ-based-on-shroud-of-turin-on-display-in-venice/

    OK…then why don’t do me and everyone else a favor and say who I really am

    Small “s” satan?

    • Troll: Kali
  129. “Letter signed by Wintrol, Obama’s apparently casual reference to USA deliberately infecting people in Guatemala with syphilis etc as far back as 1940’s.
    Etc.”

    See the Tuskeegee Syphilis Experiment

  130. profnasty says:

    Thank you Dr. Roberts. You do not disappoint.
    My take? Putin broached the subject of 911. Now, crickets.
    C’mon Vlad the Bad, don’t leave US hangin!
    We’re all dressed up with nowhere to go.
    Sad and, sad.

  131. Jidvei says:
    @republic

    Right, because dimwitted anklebiters like you or “Levtraro” have SO much to contribute. I think PCR – an old man – has proven himself enough to check out of comment culture. His pieces are mostly valuable to read – the average comment not so much.

    • Replies: @republic
  132. Bitcoin has been thrashed in major media because it’s a possible escape-route for Russia from Western sanctions.

    I read Thomas Huxley on Substack today – he knows what that means.

    https://thomashuxley.substack.com/p/clown-world-why-we-were-given-the?s=w

  133. @atharvaveda

    “… in exchange for money it cannot use”

    Money that it can not use is not money. I guess the Russians are much dumber than I thought. The Russians need to turn off the gas NOW.

    • Replies: @gatobart
    , @atharvaveda
  134. @Commentator Mike

    I think you missed my point.
    A solid commercial partnering is based on exchanging goods which 1) do not exist in the buying side, 2) are going to develop the productive capacity of the buying side.
    Diamonds are good for certain industries, but small quantities are required. Beyond that it’s just a commodity hoarding, to serve as backing, the same as gold.
    Russia is already rich in natural resources, they need much more partners like Europe to 1) sell their natural resources, oil, gas, minerals, to economies hungry for them, 2) buy their technology products, consumer goods, and a certain way of life.

    • Replies: @Commentator Mike
  135. map says:
    @Paul Craig Roberts

    There may be another reason why Russia chose to finance domestic development with foreign exchange: speed.

    It is not so much impatience as it is preventing their STEM population from migrating to foreign countries. Russia may have been able to import-substitute, but it was a race against that development versus their STEM population just leaving Russia for greener pastures.

  136. “The West has nothing that Russia needs”

    Whaaaaat?

    You’re not serious. There wouldn’t be this war if that was the case. Are you seriously this stupid? Maybe you don’t consider respect and security and a hundred other things “needs” but Russia and/or Putin certainly do.

    • Replies: @Herald
  137. Pontius says:
    @simple mind

    How depressing that Earth will end in dispute over whose fairytales are the correct fairytales. Not only the correct fairytales, but he correct interpretation of the correct fairytales.

  138. gatobart says:
    @acementhead

    I agree. The Putin leopard hasn’t changed his spots, he hasn’t changed them a bit. Behind the Putin Chief of War still lies, in real control of things, Vladimir Charlie Putin Brown. The man hasn’t changed a bit from the one that was babbling and blathering not so long ago that he wanted to be the West’s best friend. PCR is now even more right than ever: The Kremlin’s foreign policy towards NATO is more idiotic as ever as we speak. The argument that Russia wants to show the world’s business community that they are reliable partners unlike the Western block is simply naive. The world”s business community has been used to deal with the banksters, slave traders, pirates and drug traffickers of the West for centuries already and they have never been bothered by their crimes, their depredations and their untrustworthy nature overall so Putin must be looking like a moron to them now. Paraphrasing what Lord Wellington said when going through the list of the officers he would be commanding in an approaching battle in Portugal in 1810, I say also that I hope the West is trembling as much I do when seeing the list of the men in charge now in the Kremlin.

    And I don’t ger me started with the pie in the sky idea that Russia will promptly leave Ukraine after being assured that it has been thoroughly de-nazified; all tthat after having lost thousands of her soldiers and an amount of war equipment perhaps worth billions of dollars. Yep, the promise “Sorry, sorry, sorry, we won’t be Nazis anymore” should do it.

  139. @Mefobills

    Mofo-Bill writes:

    Look at how many Lolbertarians come to UNZ and blather on about gold. These sort of people have to be marginalized or moved out of positions of responsibility.

    The Mofo, still subject to chronic advanced dyslexia, is unable to spell the word ‘Libertarian’.

    He came up with the cock and bull story about prefixing it with the ‘LOL’ but that won’t wash.

    Let’s face it, ‘LOL’ is only used as text talk by pre-pubescent teenagers and effeminate men.
    NO adult male uses it in any correspondence.

    It’s the sort of thing that Mofo’s spiritual twin brother Lindsey Graham would employ in his writings.
    I have no problem with someone using ‘bol’ (Burp out Loud) or ‘fol’ (related to passing wind), but only girlie men use ‘LOL’.

    As to the second part of Mofo’s statement above, where he states that the economically literate in Congress and the world of finance have been marginalised and moved out of positions of power, does that surprise anyone ?

    I mean, WHO decides who gets into a position of power in the U.S government/health bureaucracies/military and Intel agencies ?

    The U.S has a ruling One Party Tyranny whereby two factions with slightly differing policies (the Dems and GOP) are accountable to the same Zionist Usury Banking Cartel (ZUBC) master.

    Of course they’re not going to let people like Dr Ron Paul advance to a position of power.

    Instead, they’ll promote advocates of reckless fiat money creation like Mofo’s idol Janet Yellen, Ben Bernanke and, in the case of Trump’s administration, the likes of long term N.M Rothschild employee Wilbur Ross, who was the Commerce Secretary.

    These are the sorts of scum that Mofo-Bill prostrates himself to because, like Michael Hudson, Mofo is not about to bite the hand that feeds him.

    The Zionist are remunerating Mofo handsomely to make the case for a fiat monetary system and scathingly attack gold’s role in a sound money monetary system.
    The Mofo is not going to disappoint his Zio controllers.

    Meanwhile, the list of high profile and highly respected financial commentators that praise Dr Ron Paul and have done so since forever, is too numerous to mention.
    Among them is Gerald Celente (who was a guest speaker st the Ron Paul Institute in recent months), Robert Kiyosaki and the great Nicholas Nassim Taleb who appears in this clip leading up to Ron Paul’s 2012 Presidential campaign (watch the first 5-6 mins of this at least):

    Mofo, did you hear what Taleb said, just after the 3 min mark ?

    Taleb says:

    He [Ron Paul] is doing the chemotherapy [on the U.S economy], he has a plan to cure the fundamental issues.
    He [Ron Paul] is against the notion of giving Novocaine to mask the structural problems of the U.S economy.

    You see, Mofo and his guru, the Trotskyist/Statist Big Government proponent Michael Hudson, advocate for a fiat based monetary system whereby endless money creation can, in the short term, give the dumbed down masses a temporary high.

    Only a Libertarian, Dr Ron Paul, has the solutions.

    Needless to say, there is NO video evidence of anyone prominent going in to bat for Michael Hudson’s and Mofo’s discredited theories.

    Why would they risk their reputations defending a non-entity ?

    • Replies: @Tochter
  140. @Levtraro

    You wrote:

    Also PCR seems to be leaning far left with his ideas of printing rubles and forgetting about everything else. Hudson seems to have been working his Modern Monetary Theory (the new Marxism) nonsense into PCR’s mind.

    Beautifully said.

    I like PCR and he’s outstanding on nearly all the big issues – not least of which is geopolitics.
    That said, his brain has been softened up by the MMT nutters like Michael Hudson of late and that’s affected his judgement on economic matters.

  141. Rebel Roy says:
    @Sue Dunham

    Wow what a dumb b.t.h.You don’t speak for the Master Jesus,woman.And Anglin says no such,what are you reading?I suggest you quit mixing booze and pills and never lecture men.Or maybe and more likely you are just another Tel Aviv barrack dweller.All I need is the Jesus keys and the White race you Hell bound Jew or Jewess.

  142. Rebel Roy says:
    @Sue Dunham

    All a bunch of blather.Just a word salad and nothing more.You make no point except your blasphemy of the Lord,for which you will pay in Hell.AND our Bible is in no way Jewish.You bringing up that obvious smear shows you are a Christ-hating,White-hating Jew or Jewess demon.

    • LOL: Kali
  143. Rebel Roy says:
    @Sue Dunham

    Oh Sue you Jew.Why bring your Christ-hating venom to a discussion about Russia’s Central bank?

  144. @DevilAdvocate

    1) they are already doing this in Asia and expanding their exports there.
    2) they, like almost everyone else, get that from China, except

    a certain way of life

    what does this even mean? This they need neither from the West nor from China, but their own.

    • Replies: @DevilAdvocate
  145. @mulga mumblebrain

    That would be funny, and just, if Russia started kidnapping guilty as hell, terrorist Western politicians and putting them through a bit of waterboarding in Siberian gulags to extract confessions of their guilt, unlike the US kidnapping mostly innocent nobodies from the global Muslim community.

    • LOL: Bugey libre
  146. @Mefobills

    Global finance capital does not get to slice and dice the Russian economy into new debt instruments, and then extract a usury tithe.

    Consistent with the Divine Wisdom of Jesus as described in Luke 4:16-30 misunderstood by Christians for the last 1700 years in part due to Jew deception, but now reclarified by The Dead Sea Scrolls as enlightened by Michael Hudson:

    https://michael-hudson.com/2018/08/and-forgive-them-their-debts/

  147. @Exile

    You wrote:

    Onebornfree demonstrates again, as always, that libertarians have no business on the international stage – unless everyone wants to live in a Social Darwinist hellscape of economic zones

    Clearly you know nothing about Libertarianism – hence the reason for your handle and why you’ve been exiled from polite company.

    You may not have descended to the depths of stupidity yet, like that disinformer Mofo-Bill, but you’ll be well on the way if you keep up this level of moronic discourse.

    • Replies: @Exile
  148. Alden says:
    @simple mind

    Idiot, moron. Jews don’t consider pork unclean. Pork and horse meat are forbidden because pigs and horses have single hooves instead of cloven hooves like cattle and deer.

    You’re some southern Baptist Zionist loon who knows nothing about kosher food or any variety of Judaism. Quick quiz why are artichokes and asparagus forbidden in Glatt Kosher cooking? What is Glatt Kosher as opposed to other varieties of kosher? What variety of kosher cooking forbids legumes and grains mixed together? Why are hamburgers kosher and cheeseburgers treif?

    Moron idiot ignoramus. Does your Christian Zionist church have pretend Passover dinners?

    • Replies: @Passing By
  149. @Mefobills

    Mofo-Bill writes:

    … whereas the MMT crowd is maybe 90% accurate

    Anyone who says MMT is even 1% appropriate, is 100% an idiot.

    It’s endless Debt Funded Consumption financed through uncontrolled money ‘printing’ by another name.
    It’s been tried countless times before in history and ALWAYS, without exception, ends badly.

    • Replies: @atharvaveda
  150. Alden says:
    @Sue Dunham

    Don’t you have a bible class to teach? Why impose your superstitions onto an article about the current Russia Ukraine war and its effects on the Russian economy? Are you one of those black women who go around with their bibles asking total strangers to pray with them?

  151. Alden says:
    @animalogic

    I also wonder about that. I’m not Jewish but tomorrow at 8/am I’m going to be at the nearby Glatt Kosher store because I’m completely out of Irish butter and English French cheese. And it’s the nearest store that sells them. And the prices are half what the gourmet foreign cheese store charges.

    I should have gone today. But by 10/am the store will be over crowded with yentas shopping for Shabbat.

    One thing about these ignorant Christian Zionists that’s ridiculous. Yakking away about kosher food, especially pork not knowing what they’re blathering about. I’m a proud anti Semite but know a lot more about kosher food cooking and kitchens than these Christian Zionist idiots do.

  152. @DevilAdvocate

    Nice reading you Avocat du diable.

    Russians love chocolate. Poroshenko is the king of chocolate in Ukraine and in Russia. As an anecdote of the hypocrisy of this world, at some point in 2015 the Porc’ochenko’s business in Russia was even selling chocolate wrapped in St George’s ribbon while the ukronazis were abusing the people in Donbass…

    Coffee, chocolate, bananas, pineapple… Aren’t these and others worth a lot? Isn’t the sunshine that they bring in the middle of winter very important now to the people? Are these that anecdotal? And then there are also a lot of rare earth in Africa which is a very very large continent. As far as I know, the Malians are eager to work with them and have had relationship for long time now with Russia. There was even a minister in that country that I love who was mixed Malian/Russian and the Russian Embassy in Bamako is a huge building.

    Respect
    ps: still welcome

    • Replies: @DevilAdvocate
  153. @mulga mumblebrain

    “We are no longer merely stooges of the USA, or lap or running-dogs, but a fully fledged colony. ”

    I guess I am an Australian now if I follow your definition… Or maybe you are French…

  154. I can’t speak to the inflation aspect of the Russian ruble, but they are right the Russian government should nationalize a ton of foreign assets from sanctioning countries. The Central Bank of Russia is likely trying to avoid hyperinflation. Some inflation is normal and to be expected. They could be waiting to do that for all we know. If peace talks fail, they can use this hand to get what they want. The author was right to some degree. There is a small group of globalist idiots who believe everything they see on the BBC or whatever. I usually avoid such people. I have avoided them for 6+ years here in Moscow. It’s a surreal time to be here.

  155. Franz says:
    @GMC

    “After/during the Afghanistan War the US did nothing” ?

    By comparing what we could have done/what they could have done. A quickie:

    Afghanistan: As US/NATO — Toss some bones to the East Bloc, get Prague Spring 2.0 going in two, maybe three countries.

    Vietnam: The minute the USS Pueblo was seized in early 1968, push the N. Koreans to flare up enough to draw 100K Americans at a time when people in the States were already pissed with Vietnam.

    A half-dozen variations anytime between Ike and 1989 we could dream up on lunch break. Yes, all hypothetical and I think the agencies were so busy screwing each other they missed the end of the Cold War. But all of it’s cockeyed from a certain angle, you know?

    • Thanks: GMC
  156. Tochter says:
    @Truth Vigilante

    Mefobills is probably the single best commenter here. He does not advocate for what you call fiat money creation; he advocates for non-debt-backed sovereign currency. The fact that you cannot see the obvious difference between Janet Yellen’s Babylon Money Magick debtbucks and the kind of sovereign money that Mefobills proposes lends credence to his theory that libertarians have some kind of terminal blind spot. In my experience, those who identify as libertarians are greedy people who are attached to the idea of hoarding money, which is maybe why gold is such a fantasy for them. Your comment makes you look petty and stupid.

    • Replies: @Truth Vigilante
  157. Reading PCR’s latest piece Dumbshit Russians? and several others under which he has closed comments I see he thinks that Russians are stupid for not having turned off the gas to the rest of Europe. I don’t know about that but Ukrainians and the rest of the East Europeans surely are dumb as what has NATO got to offer them? NATO can’t even keep them warm in winter. So Russia is supplying the gas even to the Ukrainians while the war rages on and hopefully are being paid for it. Sure supplying the gas is probably prolonging the war and allowing the EU and NATO to still act cocky and make empty threats against Russia. Anyway the money the EU pays to Russia for its gas, oil and whatever else they haven’t covered with their sanctions is being used to make more bombs to hit the Ukrainians and any others should they make a hostile move against Russia, so is it really that bad from the Russian viewpoint? It also shows up the West’s hypocrisy for those willing to see. And unlike the EU and the US, Russians say they like to honour contracts. The US and EU want to tailor their sanctions so that they can still obtain from Russia what is essential for themselves but to ban what they don’t need. So far it is working but should Russia retaliate as PCR keeps urging them what then? They step up their Russophobic propaganda even more or start to tone it down? It looks like Russia holds all the cards, and the EU and US are just impotent and can do nothing other than keep on lying through their MSM presstitutes. Of course they could do some damage with the weapons they still have but what after they’ve shot their loads and end up in an even worse position?

  158. GMC says:
    @Kurt Knispel

    With todays bought off Greedy self centered Governments, and their employees, it’s almost impossible to see an Honest People’s Gov. Only the JewMedia tells the people how good they have it – lol lol

    Look at everyone Idolizing the puppet Actor President in Ukie Ville and those “poor Ukrainian citizens”. That have been bombarded with JewMedia propaganda for 6 years straight { 24-7} in order to hate their Slavic brothers. But no one is smart enough to see thru the BS and call out the US, Israel and Nato for their total role in this monkey fuck. I don’t know the price of diesel on the mainland , I haven’t used diesel since I left Alaska, so I didn’t pay attention. Sorry.

  159. GMC says:

    Here’s is how I would try and get my Gold back and this goes back to the POWs that were left in Nam because the greedy jews running the printing presses refused to print out 1 billion dollars and send it to Hanoi for War Reparations. So apox. 1700 American soldiers were left to die in the Jungle camps.

    Every soldier that is taken as a POW in Ukraine by Russia , should be stripped down to their belt buckles and checked for tattoos that are not in cyrillic. In other words – soldiers like tattoos and if they are in English, French, German they become the ” pearls”.
    If Russia ends up with a whole lot of these guys, then make the headlines read – Give us Back our Gold and we will show Mercy. And if there any Americans – headline should read – The US let 1700 Nam POWs die in the jungle because they wouldn’t pay Reparations to Hanoi – Will they do it Again. And we want all of our Gold back – Or not one mercenary gets Mercy.

    If nothing else , this would show how all these governments { who were behind these mercenaries} haven’t the backbone to Really stand behind their cowardly barks. And Russia shows { at least part of the world} what the West is really made of. Pure BS. My two rubles.

  160. @Sue Dunham

    What you state is the traditional gnostic interpretation of both the Bible and the Gospel by mystics such as Valentinian, and lo, it lost within Christendom but won over Alexandrian Jewry : the Kabbalah clearly starts with a concentrate of it. Jesus, if anything, was a person more nationalistically Jewish than most Jews he addressed to, more opposed to the expansion of his religion into a universalistic one through proselytism among others.

    On the very contrary judging by his direct words he is supposed to have uttered he wanted a Jewish entity much more restricted in numbers both by origin and by the severity of its rules. He clearly stated that his teaching was for Jews only though he would not reject one or two strangers being present as long-term hangers-on of the same crowd, what Jews had always done and what Alexandrine Jews did way too liberally to his taste : in that respect Jesus resembled such modern extreme Jewish supremacists as Ovadia Yusef for whom non-Jews exist on earth only to serve the Jews but who will in practice admit in his fold any African showing real interest and fanaticism for his cause, showing thereby he has a Jewish soul and a probable distant Jewish family origin marred by some admixture as all Jews have. Jesus categorically forbade his disciples to pray for humanity (“nations”, “world” : goyim) at large : humanity at large didn’t have for him any future but final destruction. Jesus harboured a particular hatred for Greek universalistic thought and philosophy of the kind that was prevalent in Alexandria : he clearly was well acquainted with the Greek language, but used its noblest terms only in a derogatory, negative way, which goes right against what Gilad Atzmon teaches about the conflict between Athens and Jerusalem with Christianity having defended the former against the latter.

    Anyway Athens was not then known as a beacon of free thought but as a school of ideological intolerance and sectarianism like none other, selling its ready to think products to the highest bidder which was the Roman financial oligarchy. Christianity didn’t exist but in very negligible numbers and too uncertain and multiple forms to be distinguished as such until about the times of Constantine, when it was all of a sudden invented and structured as a state mind-control system claiming of the Septuagint Bible but forbidding its access to lay people. Judaism as we know it now appeared later : the final and recognizable version of the Talmud, as the defining text of the new religion, was compiled right in the same time and in the same region of the world too as the Islamic Qur’an, as if both religions had been launched in the same volley by the same powers that be.

    Jesus by all reliable accounts we have of him said practically nothing that would have him excluded from the Jewish fold of his times, if anything, though maybe not 100% orthodox by the Jerusalemite priestly standard of then, he was a 95% conservative Jew rather than a liberal, and on that backdrop his teaching utterly lacked originality : the more archeology is letting us to know more about him, the more his ascribed sayings appear to have been mere quoting of Jewish sayings and proverbs then circulating everywhere among the group. Which in a certain sense makes the condemnation of Jesus to death even more odious : when a community or a movement starts persecuting in priority its most devout, conformist and obedient elements (like America is doing with its White Republicans) there is a problem ahead to say the least. In particular the idea that the temple should be first and foremost virtual as an idea to give force to through creative visualization to employ a more post-modern expression, rather than a material construction on earth, has always been central to the Jewish community up to now.

    • Replies: @Bugey libre
  161. @Doug Hillman

    YHWH means nothing but breathing in (yyyh!), Holding in (aaah—), breathing out (whhh!) and holding out (uuh—), it is the mantra resulting from attention to one’s free breath as can be found nearly everywhere on earth where some sort of meditation is practiced. I don’t see where any Satanic influence or concept can lurk there. The problem is that all adorers of YHWH of nowadays, both Christian and Jewish, would be just repelled by such a ludicrous idea smacking of some sort of Hinduism. If you consider Satanism to be the cult of the mind as many have proclaimed there it enters, when the breath is replaced by abstract thought and direct contact with God replaced with opinions about God : for sure it characterized Pharisaic Judaism but even more Pauline Christianity and the the theological discussions that multiplied from the Council of Nicea onwards.

  162. Alden says:

    Zelensky’s going to be nominated for the Nobel Peace Prize. It’s past the date for nominations but the Committee plans to extend the date. If it does Zelensky will probably get the award.

  163. @Francis Miville

    “which goes right against what Gilad Atzmon teaches about the conflict between Athens and Jerusalem with Christianity having defended the former against the latter.”

    It is obvious that Christianity is very different, defined later in time from so called direct Jesus teachings, thus Gilad’s point of view is relevant. What do we know about Jesus? Conjectures. My two cents…

    Respect

  164. Alden says:
    @Passing By

    Oops, my mistake. Yes, pigs, like cattle sheep and deer do have cloven hooves. But they have only one stomach and therefore don’t have to chew their cud. It’s not chewing cud that makes pigs forbidden, not the hooves.

    A big reason for the Jewish hysteria against pork is that at one time, about 2,300 years ago Alexander the Great conquered Egypt. Of which Judea/ Palestine was an insignificant province. Apparently the. Jews hated the Greek occupation and influence much more than they ever hated the Egyptians.

    The sacred sow was a big part of Greek mythology. Some primitive Greek followed the pregnant sacred sow till she had to stop and deliver her babies. The city of Athens was founded on that site. Jews hated the Greeks far more than they hated the Egyptians. Another big beef against the Greeks was the Greek emphasis on sports and physical fitness. The Jews had riots all through the Greek then Roman occupations about sports.

    • Replies: @Swaytonious
  165. Alden says:
    @Sue Dunham

    May I ask why you inserted your understanding of the Bible and whatever happened 2,000 to 3,000 years ago into this article and discussion of the economics of Russia and the present invasion? The Bible Christianity and Judaism arr totally irrelevant to the article and completely out of place.

    I’m not being snarky. I would really like to know why you started the bible discussion.,

  166. @BaronAsh

    Among the five countries you mention there is North Korea and Cuba : they have no Rothschild-based central bank because they are considered by international financial law to be mere private properties of their ruling families (the Castros in Cuba, a multi-billionaire one since centuries past ; the Kim family in Korea) who have their money in banks outside the country they possess (in the US for the Castros, in Switzerland for Kim) exactly like King Leopold of Belgium’s Congo used to be. A third country is Iran : there is no Rothschild bank proper because the central bank there exists since before King Darius and has always been the private property of a much older family of usurers : the Sassoons, who originally taught the Rothschilds into their banking trade.

    The other two countries are India and China, whose status is far more complex and hard to study with certainty, apart from the fact, beyond the extreme complexity of the bureaucracy involved, that they are still governed financially like colonies of the former Eastern part of the British Empire : these two colonies were governed by the EIC and not by the British government proper except on temporary contract basis, as the EIC was NOT a British property in any way but of the Sassoons, the Persian financial dynasty mentioned above having been entrusted with the management of Chandragupta’s Indian empire since the third century (it resulted among others into the demise of Buddhist India in favour of a revival of Hinduism, a religion that considers usury to be a noble profession to be exerted by Brahmins) : to simplify the story very grossly, they had been attacked by many Moghul emperors that inveighed against usury to make themselves popular and populist, with their brand of Islam playing the role of a kind of Stalinism, but came back in full swing with the incorporation of the EIC in England as well as in Persian India. China was also forcibly opened to the Sassoons’ financial empire during the war of opium among others though the penetration of those financial interests is much older (China was even the first place in the world where paper bank-notes were used as currency under the Songs before the Manchus came to terminate with the experiment). Soviet Union though it did contract loans from the Rothschilds rapidly ended up with exactly the same international financial status as British India and China, that is to say as Sassoon-ruled entities : that had been Trotsky’s original idea, making Russia into a kind of India without a Western colonial metropolis but with the same kind of reckless colonial administration.

    • Disagree: antibeast
  167. @Commentator Mike

    1) they are already doing this in Asia and expanding their exports there.

    Sure. But why lose a rich market of 450 million people ? This is probably a luxury they cannot afford now.

    2) they, like almost everyone else, get that from China

    Some european states still have a great potential, besides an already important industrial base. E.g. Germany, with their auto and chemical industry.

    what does this even mean?

    The term is indeed not very good.
    By this I meant all the european history and culture, from which Russia absorbed and gave back along the centuries.
    It is NOT meant to be the degeneracy that is spreading today.

    The blocking points are political, not economical. Once those are solved, great avenues may unfold.

  168. @Bugey libre

    Salut Bugey Libre !

    Russians love chocolate.

    I also love it. Eat at least 50g every day, the dark one.
    But there is only so much chocolate you can eat each day…

    Africa has a lot of potential, but it will be realised only when their population gets qualified and develops value added products and services. Like China did.
    Only then they could be seen as peers in trade with Russia.

    • Replies: @Bugey libre
  169. Anon[189] • Disclaimer says:

    Russia thought that USA wouldn’t go that extreme which was experienced by Japan , Germany , Korea , Vietnam , Iraq , Somalia and Libya and would find it’s experience limited to denunciation, sanction on certain figures and banning of NS2 .

    May be there is some elements of wishful thinking that was entertained by Saddam as well after serving as agent of US hegemony from 1980 to 1990.

    Foreign countries do not learn American history . When they learn , the knowledge the get is what vetted by USA . Same applies to UK.

    Would Pakistan have served as conduit of death in 1980 had they known the facts going back to 200 years ?

    May be they still would have . They have their own cheap tribal nepotistic oligarchs who control ,steal , corrupt , kill and poison the country and settle their children in UK and USA .

  170. @Tochter

    You write:

    Mefobills is probably the single best commenter here

    Mofo, is that you posting a comment using one of your aliases ? After all, no one with commonsense has ever said a single complimentary thing about any of your commentary in UR. You’re obviously feeling unloved – hence the need to conjure up an admirer.

    You also said:

    He [Mofo-Bill] does not advocate for what you call fiat money creation; he advocates for non-debt-backed sovereign currency.

    Whatever terminology you use, it ends up being a distinction without a difference.

    Under the Mofo’s system, some government bureaucracy is entrusted with printing/digitally creating money without RESTRAINT.
    Since it is backed by NOTHING, it is by definition FIAT currency.

    In other words, if said money is not backed by gold, or perhaps a gold-silver bimetallic standard, there is no DISCIPLINE imposed on the amount of currency that can be created.
    And in ALL CASES in human history, as there are no exceptions, currency backed by nothing is always printed into oblivion and said society ends up with hyperinflation and impoverishment of the middle and lower classes.

    Even if the Federal Reserve was nationalised and was no longer owned by a private cartel of Zionist bankers, can you see that said government of the day and the bureaucracy in charge of printing said ‘non debt backed sovereign currency’, can still be captured by some cashed up oligarchic cartel of miscreants >
    And, in the event of a financial crisis that THEY the miscreants created due to their reckless speculation, this cartel of oligarchs will lobby for bailouts and such with freshly created trillions of backed-by-nothing fiat (just like occurred in the 2008 GFC), and the currency will necessarily be debased as a result.

    That you can’t see this Toch (assuming you are a distinct entity and you’re not actually Mofo-Bill pretending to be another), is proof that you have a terminal blind spot that prevents you from grasping the reality of the situation.

    Did you even read what Mofo-Bill wrote earlier – ie: that he supported the implementation of MMT?

    If you did, and you’re still on his side, that’s indicative of your extreme level of economic illiteracy.

    You refer to Libertarians as greedy, yet the most high profile Libertarian in the world is Dr Ron Paul – a man who lives modestly, a man who, despite serving 12 terms in Congress, has NEVER enriched himself with insider trading like all the advocates of MMT in Congress that you worship.

    Yes, the Nancy Pelosi’s and Chuck Schumer’s of the world are those backing the MMT policies of the Biden administration.

    Dr Ron Paul is a living treasure and a committed Libertarian.
    Contrast that to the greedy filth in Congress, all bought and paid for by their Zio controllers, that support a fiat monetary system in conjunction with MMT.

    You have everything arse backwards Toch.

  171. republic says:
    @Jidvei

    He should allow comments on his articles.

    • Agree: Rubicon
  172. @Alden

    In that case he could become the first Nobel laureate to be tried for war crimes and hung if he is caught alive. Even in exile the long arm of Russian justice could get him, like it did Stepan Bandera in Munich.

  173. Tochter says:
    @Truth Vigilante

    The most famous hyperinflationary episode of the 20th century, 1920’s Germany, was caused by the expropriation of all of the nation’s gold by France and others. With no reserves, Germany was condemned to have no money and no means of acquiring any money according to strict goldbug logic.

    The Federal Reserve was created when the United States was still on the gold standard. The 1920’s stock bubble was inflated with gold-backed dollars. The Great Depression happened with gold-backed dollars. The entire history of feudal predation by both the decadent landed aristocracy and their (((financiers))) is written in gold.

    There are a million (((tricks))) that can be played with gold. Its inelastic nature makes it perfect for guaranteeing the perennity of (((hereditary fortunes))) and locking out those who have none to start with. It is the perfect money for a permanent feudal system. Libertarians tend to be boomers who were irreversibly hypnotized by the propaganda narrative that was dominant during their childhood, namely that there is something called “hard work” that gives someone the right to corner and hoard wealth that they “create”. A crucial detail of this (((myth))) is that if all the goys are good goys who work extra hard, then all the goys can have McMansions, boats, and other futile goy toys in their hideous gypsum board suburbs that will melt into the ground in thirty years. (((They))) correctly x-rayed the mind of the petty bourgeois gentile and saw that he wanted to pretend he was some kind of minor aristocrat, complete with a few (well-treated!) servants. These goys are allowed to become minor millionaires for one generation before the debt boomerang arcs back and their vain fortunes return to tribal hands. There is just enough truth in the “hard work” narrative to make it attractive to the basically decent yet fatally dumb and greedy goyim who have never been able to refuse the sad passion of accumulation. This brainwashing is necessary in the early, “heroic” period of a fresh debt cycle; the goyim need to be encouraged to produce wealth in order that it might later be expropriated when compound interest has finished doing its work. In a gold world, none of these people would ever have been allowed to change their station one iota. (((They))) exploited gold until it had to be debased for the system to survive, then (((they)))) did a judo flip and exploited the absence of gold. Gold is not the answer. The boomers who are now beginning to die off will go down in history as the last generation of Western goyim who were allowed to become wealthy. Libertarianism is a form of hypnosis engineered specifically to simultaneously pump up the ego of the goy mini-millionaire (“I got this through hard work!”) and silence that little voice – entirely absent in (((them))) – that tells the goy that there is something fishy about the visibly zero-sum nature of the game (actually less than zero-sum). When the other shoe finishes dropping in a few years, the pathetic function of American Goy Boomer – to which his whole life was dedicated, in which his entire sense of self-worth was wrapped up – will be revealed for all to see: his job was never anything but keeping the money warm for its real owners.

    Gold looks good in retrospect because some of today’s financial perversions would admittedly be impossible with it, but gold has its own perversions. What is necessary is a third option, neither debt nor gold – and it is precisely this third option that the estimable Mefobills develops here, with numerous historical examples of success – including the founding of our own country.

    I am interested in psychology. I also believe that (writing) style makes the man. My idol Mefobills has a dry and witty style that argues for his theses. He understands the terrible power of (((propaganda and hypnosis))), whereas Libertarians all seem to believe that the system is fundamentally transparent. He also does his homework. I have never really read any comments from the libertarians here that cause my spidey sense to tingle in this way.

    Bottom line: as long as Gentiles love money, they will be victims, and they will deserve to be victims.

    • Agree: Poco
    • Thanks: Arthur MacBride
  174. Uncle Sam says:
    @Badger Down

    Or the German companies that export to Russia could, after deducting for production costs in euros, use the remaining rubles to pay for the gas and oil coming from Russia. They don’t have to give the remaining rubles to the German gas and oil companies. Their only function would be to receive, store and distribute the oil and gas. The German consumers would pay them so that they could pay their employees.

  175. @Dave Pinsen

    This is exactly true, and something I’ve been pointing out myself. If you allow Western buyers to buy the rubles with dollars/euros, some Russian entity (either the central bank or someone else) will end up with that currency on its balance sheet, with the West simply confiscating them when it suits them.

    And this is why “demand rubles”, by itself, doesn’t solve anything. It brings to the fore the question of what should replace the dollar as reserve asset, at least Russia’s preferred reserve asset. It would have to be either another currency, realistically the yuan, or gold. (Cryptocurrencies have many important and unique uses, including for governments, but htey are not a serious alternative to gold for sovereign reserves.) And what the latter boils down to, whether you add a step in between (as in demanding yuan and then buying gold for those at the Shanghai Gold Exchange International Board), is demanding gold for the oil Russia sells.

  176. @acementhead

    I have so far not been able to confirm whether Russia is still able to spend the dollars it receives for its continued energy exports, or not. The problem is of course that it should be unthinkable that Russia would be so stupid and/or weak to continue exporting real energy and mineral resources, against dollars which the West prevents them from using. But given their historical behavior and what we know about their way of thinking, it’s a very real possiblity.

    And while in a serious country like Iran, Malaysia or Indonesia, this would result in overthrow and lynching of the government for treason, the Russians stood idly by while their country’s resources were sold for pennies to oligarchs in the 1990s, and have largely accepted that new status quo since then.

  177. @Truth Vigilante

    No it isn’t, because you forget (or more probably, completely fail to understand) the little detail that MMT people, when they recommend actual policy (which Modern Monetary Theory, by the way, isn’t), describe creating money to spend on new roads, new hospitals, new factories etc. This is essentially what the PRC is doing today, with massive and sustained success. The investment, even though it was made with money created from nothing, pays its itself back through higher productivity and lower costs in the economy, and actually regardless of whether or not you increase taxes or fees.

    However, printing money for consumption, which obviously does not result in new productive capacity or the elimination of bottlenecks in the economy, is decidedly a bad idea. But it is something completely different to the first scenario.

    The main point is that what matters is not how much money you print (which has be done in any economy, even the most primitive), but who you allow to spend that money and how.

    • Replies: @Levtraro
    , @Truth Vigilante
  178. @Sue Dunham

    It is still there. These things go in phases. Put your mask on. There is a new variant.

  179. @Peter Rabbit

    The super stealth deltacron? Why don’t you wear an extra mask for me? Personally I have no interest in restricting my airway, muffling my speech, or covering my face. The only thing masks do is prolong the pandemic and cause more suffering in the meantime. And then they just end up in the ocean.

    • Replies: @Peter Rabbit
  180. @Peter Rabbit

    Spoken like a true rabbit. ‘Fear eats the soul’, as they say.

    • Replies: @Peter Rabbit
  181. @Truth Vigilante

    ‘Libertarians’ SHOULD be committed.

    • Replies: @Truth Vigilante
  182. @Alden

    Let’s hope he ends up like compradore traitor Liu Xiaobo, who is still dead.

  183. Rubicon says:
    @Levtraro

    For those who don’t follow PCR on his one-way blog, we find it very curious how he Never comments anymore about the huge volatility on the US since 2019, aka:

    US Financial Markets
    The Big US Banks
    The Fed

    Before, he was in a lather about the criminal US \$\$ and its hegemony.

    Instead, now he’s either talking about the PR about sexual issues, and phony operations like BLF. Now, we see him taking a swipe at Russia and their banking system.

    PCR must have lots of money in the US Markets because for the last 3+ years, he’s shut his mouth about all that criticism.
    We are NOT going to read his blog anymore. Period.

  184. The Banksters continue to do what they have always done, clobber the hard working citizenry wherever they happen to have financial jurisdiction, with that old control tool-indebtedness. Since 1991, this banksterism includes exploiting the Russian people. Think of it as an economic financial bomb. It’s a rather uniform business strategy articulated by John Perkins in his book, Confessions of an Economic Hit Man. Enter the world scene, one Elvira Nabiullina, the top CEO of the Bank of Russia. Her “appointment” (please tell us who really dun it?) delivered a staggering blow to her people with the same violence that destroyed middle classes in the USA-Western Occident. An almost now forgotten level of prosperity that remained in place for thirty years following World War Two. As the Strategic Culture Foundation summarized, this type of CEO’s (Nabiullina) and their COO’s are derived from the same ilk of Friedrich von Hayek. Strange that the Russian Central Bank remains oblivious to its own judicial system and Russian constitution! Why? as Pepe Escobar writes, it works within the boundaries of whatever the IMF policy makers tells them to do. In effect, a consortium of global bankers working together against the sovereign interests of individual nations and their peoples. An odd observation comes to mind….not unlike President Trump’s leadership style, Putin keeps his adversaries in full view and close at hand such as the likes of Elvira Nabiullina. Proof positive that Putin may just be another bought off leader, dazzling us with those fifty thousand dollar plus wrist watches and gargantuan hideouts.

    The supposed arch enemy to present day Neo feudalism is/was John Maynard Keynes (of FDR’s persuasion) however both economic theories believe in an hereditary system of EMPIRE. So I suppose nothing will ever change. The rich will get richer and the poor poorer..

    As I’ve previously stated at Unz Review, the Imperialism of these banksters are duping all of us – once again! Soldiers end up in some perverted cockfight. First, a fictitious casus belli is contrived such as the current Ukraine crisis. Armies from both sides are put on some godforsaken battlefield to fight. It’s a fight for a flag, a fight for unrestricted trade or airspace, a fight for restricted trade or airspace, a fight for population control or a fight for wealth distribution and endless growth…but ALWAYS A FIGHT. Strategies that inevitably yield great profits for the elites, east and west, north or south. They make tonnes of money from spilling OUR blood…

    Wake up Workers of The World, wake up proles, wake up corrupt politicians, wake up clergy, wake up stuffy and useless religious institutions. Wake up yuppies! wake up old hippies, wake up you half dead beatniks, sing the songs so long forgotten… Sing Phil Ochs’ I ain’t marching anymore or Peter Paul and Mary, Where have all the flowers gone? Wake up world!…and smell the coffee!! don’t be the dupes for this tiny slice of global society!

  185. krollchem says:
    @atharvaveda

    fun fact…

    US pension plans investment in Russia far exceeds Russian funds held in the West. Add in Western government investments in Russia such as Norway at 2.8 billion:
    https://www.bloomberg.com/news/articles/2022-02-27/norway-starts-process-to-drop-russia-from-sovereign-wealth-fund

    In the case of the US, the petrodollar may soon become a pesodollar.

  186. @Rubicon

    I cannot speak for PCR, but maybe he talks less than you would expect about economics because it was his career and he has tired of the subject. After all he is well into retirement and might prefer commenting on easier subjects. There is nothing wrong with that. He has earned his right to easy commentary. That said, here is a podcast of an interview he did years ago on Fed policy. It is more relevant now than when he gave it, though only because the wisdom was not followed by our policy makers. The subject concerns the long term unworkability of QE.

    PCR is a wise man and I have consistently found his commentary on both econ-related and unrelated subjects to be far more valuable than anything peddled by more contemporary practitioners.

    https://www.unz.com/audio/gunsbutter_the-bubble-economy-277/

  187. Levtraro says:
    @atharvaveda

    This is essentially what the PRC is doing today, with massive and sustained success.

    So, taking into account Hudson et al.’s preprint linked to by Mefobills and your sentence quoted above, we have bad MMT in the USA and good MMT in China, is that it?

    Perhaps all the countries in the world are doing different types of MMT so MMT explains everything and explains nothing.

    Isn’t that what happens when a full theory is built upon a tautology?

    At least the original Marxism was open-ended while this new Marxism is just circular reasoning. As in many other failed theories, the original version was better than the current deformation.

    Or paraphrasing Marx: Marxism happens twice, first as tragedy and then as farce.

    • Agree: Truth Vigilante
  188. @DevilAdvocate

    Salut!

    Sure, chocolate is a very interesting psychoactive substance that sooth the harshness of our insane time.

    African population will never get qualified or develop value added product and services since the opposite has been planed by the globalist and since long time ago. Every year, the western countries select the best of African youth to study and remain in Europe; US or Canada and none of them will come back since their skills are mostly useless in Africa. AQMI, Boko Haram (and their backers) and their ilk will ensure nothing good can happen.

    Black in the US have been trapped in the shity BLM which inversed the positive philosophy of Rasta meaning to empower blacks without rejection of whites and their culture. Thus they are not supporting Africa and are a plague in the countries where they are. But this is not the subject…

    Thomas Sankara could have bring a positive impetus for African youth and this explains why so many alphabet agencies strive to get him killed. I have spent some time in Burkina and have had the opportunity to have conversations with very bright minds there who were involved in the ‘révolution’.

    Meanwhile, enjoy:

    Take good care of you and those you love

    • Thanks: DevilAdvocate
    • Replies: @DevilAdvocate
  189. @Tochter

    Where do I start with you Toch ?

    So many fallacious assertions from you, so few hours in the day with which to eviscerate them and humiliate you in front of the UR readership.

    But, seeing as you need one hell of a dollop of tough love, here goes :

    You wrote:

    The most famous hyperinflationary episode of the 20th century, 1920’s Germany, was caused by the expropriation of all of the nation’s gold by France and others.

    Actually not.

    The overwhelming reason for Weimar Germany’s hyperinflation in the early 1920’s was the SAME reason that hyperinflation has occurred everywhere IN ALL OF HUMAN HISTORY – with NO exceptions.

    Inflation, and thereafter hyperinflation occurs when you print/digitally create too much money.

    No surprises there seeing as inflation is ALWAYS and EVERYWHERE a monetary phenomenon.

    OK then, some readers will be asking. Why did Germany print so many marks in the immediate aftermath of WWI ?

    The Treaty of Versailles left Germany saddled with a crushing and unpayable (not to mention completely unjust) debt burden totalling 132 billion gold marks (US\$33 billion), later revised under the Young Plan to 112 billion marks (US\$26.3 billion).

    One cannot print up gold marks BUT, after the revision, Germany needed only to come up with garden variety backed-by-nothing FIAT marks.

    Presto – problem solved.

    The debt burden could be printed away.

    You wrote:

    The Great Depression happened with gold-backed dollars. The entire history of feudal predation by both the decadent landed aristocracy and their (((financiers))) is written in gold.

    The Great Depression was precipitated as a result of reckless monetary policy by the Zionist Usury Banking Cartel (ZUBCAR) owners of the Federal Reserve.

    With the reckless policy they pursued and intentional crashing of the market by Zio insiders, the markets were going to be pummelled irrespective of the monetary system in play.

    Now, let this be clear, Hoover was a Republican in name only. The stock market could have crashed and there would have been a short/sharp recession as occurred in 1921 and the economy could have been chugging along as normal in next to no time soon therefafter.

    But Hoover intervened with all manner of Socialist policies and governmental intervention/claptrap Keynesian ‘stimulus’ that worsened the situation.
    Enter FDR in 1933 and he did what Hoover did but on steroids, thus guaranteeing that a severe recession turned into a prolonged and painful Depression.

    As for the ‘feudal predation’ bit and your later remark when you said:

    It [gold] is the perfect money for a permanent feudal system.

    Well then, let’s look at a REAL WORLD example.

    The incomparably wise Founding Fathers of the United States purposely included in the constitution that only gold and silver will be legal tender.

    And, let’s see how the average American did in the approx 130 or so years that elapsed from the formation of the republic up until the creation of the Federal Reserve in 1913.

    Oh dear, the facts seem to have put a wrench in the works, as far as your ludicrous claims are concerned.

    In that period of time, as a % of the population, more citizens in the U.S were lifted out of back braking and grinding subsistence poverty than in ANY OTHER PERIOD OF HUMAN HISTORY EITHER BEFORE OR SINCE, and raised the U.S from a third rate economy into the undisputed economic hegemon on the planet.

    Simply put, under the Classical Gold Standard, as opposed to the bastardised gold standards that existed between the wars and post Bretton Woods, there has been NO PERIOD in human history that has DONE MORE to enable the lower classes to ESCAPE THE SHACKLES OF FEUDALISM and enable said lower classes (in huge numbers) to ascend to the upper class.

    In other words, history teaches us that the EXACT OPPOSITE occurred of what you claim.

    You also said:

    Libertarians tend to be boomers who were irreversibly hypnotised by the propaganda narrative that was dominant during their childhood, namely that there is something called “hard work” that gives someone the right to corner and hoard wealth that they “create”.

    ‘Hoard wealth’ ???

    How is being prudent, living within your means and not being profligate, with wealth you earned from honest toil, how can that be described as ‘hoarding’ ?

    It is clear that you’re the sort of person that, even though you may be earning a good salary, you still manage to live pay cheque to pay cheque.
    You are a hedonist that blows your money on frivolous trinkets and riotous living and somehow, at the end of the month you wonder where it’s all gone.
    You wonder how it is that others, that earn a lower salary than you do, have more net worth while you’ve only got your volumes of Marx’s Das Capital and Lenin’s memoirs to show for your efforts.

    I know people that go on regular overseas trips, always buy the latest Apple i-phone and buy a new car every 3-4 years, yet they live in rental accommodation, have next to nothing saved in case of an emergency and can’t understand why they can’t afford a to buy a home or even come up with a 10% deposit for said item.

    You Toch, are one such person. You’re envious of what others have and can’t take personal responsibility for the reckless financial decisions that you’ve made in your life.

    Typical Big Government Marxist/Trotskyist that you are, it’s always SOMEONE ELSE that is to blame for your misfortunes – it’s never you, is it ?

    Socialism is the politics of GREED, the CREED of envy, the PHILOSOPHY of failure.

    And you Toch are a socialist – and by implication, a FAILURE as a human being.

    I was not born with a silver spoon and came from humble origins. I’m not rich by any stretch but live OK as I have a modest lifestyle.

    As the maxim goes:

    He who lives above his means today, is destined to live beneath his means in future.

    The corollary of that :

    He who lives beneath his means today is destined to live above his means in future.

    I have never purchased a new car in my life. Unless you’ve got more dollars than sense, why would you ?
    Cars depreciate about 25% as soon as you drive them off the car lot (or at least they did before the current Zio engineered supply chain crisis was foisted on us), and then depreciate another 25% within a few years.

    Not just that, like 90% of Chinese, I pay for my car (in full) with cash.
    Not like most Americans (and more than a few dumb Aussies I’m sorry to say), who finance said vehicle, after factoring in interest repayments, end up paying well over list price.
    As a result they’re forever on the debt treadmill, wondering why they’re struggling to keep up with repayments on all manner of items they’ve purchased with finance.

    When I only had \$1000, needless to say, I never thought about buying a car worth more than that. In fact I’d paid less than that, seeing as I needed a buffer of savings to spend on the likely repairs/insurance etc that said sh*t-box was likely to need.

    Australian readers will be familiar with what I’m about to say.
    When I was a poor university student, I actually bought an old 1963 EJ Holden sedan, 3 speed column shift manual, with that powerhouse 138 cub inch 6 cyl engine in it, for the princely sum of \$200. (No typo – TWO HUNDRED bucks).
    Because that’s all I could afford. And it was OK, needed no major repairs and did the job. (It’s worth around \$12 -\$15K today in the condition it was when I bought it – so should’ve kept it in retrospect).

    I’ve travelled overseas and owned some nice (used) cars and haven’t lived a life of total deprivation by any means.
    But always, other than a few years of profligate youth, have lived beneath my means.

    Of course I can’t take it to the grave and have no intention of doing so. It’s something that I’ll leave for my progeny and the generation after that, as my parents did before me.

    HOW is that hoarding ?

    You are a sad, SAD sack Toch.

    Grow up and take responsibility for your immaturity and inability to manage your financial affairs.

    • Agree: Bugey libre
    • Replies: @Commentator Mike
  190. @atharvaveda

    AnotherVulva writes:

    The main point is that what matters is not how much money you print (which has be done in any economy, even the most primitive), but who you allow to spend that money and how.

    That has got to be one of the most asinine comments I’ve ever read – and believe me, I’ve read some some pretty lame things from the likes of Mofo-Bill, Dunce of Oz and a whole host of others here on UR.

    So let, me get this straight, provided said printed money is NOT used for consumption, but is used entirely for productive purposes, then there will be no inflation ?
    Is that your contention ?

    If so, why don’t the Bangladesh’s of this world just print copious quadrillions of their local currency, spend it solely on hospitals, infrastructure, high speed rail, factories etc, and OVERNIGHT transform their shit hole economies into economic and technological juggernauts ?

    Your claims are SOOOOO juvenile, they’re not even worth responding to. If you can’t see how ludicrous your assertions are, then you’re beyond help.

    You go on to write:

    …. creating money to spend on new roads, new hospitals, new factories etc. This is essentially what the PRC is doing today, with massive and sustained success. The investment, even though it was made with money created from nothing, pays its itself back through higher productivity and lower costs in the economy, and actually regardless of whether or not you
    increase taxes or fees.

    I have a question to ask you. If it is all as simple as you say above, why aren’t impoverished countries the world over adopting this magical doctrine of yours ?

    Why is it that ONLY China is doing these things to any significant degree ?

    Has it occurred to your miseducated little brain that :

    China’s massive infrastructure spending is a FUNCTION of, and in direct proportion to, it being the MANUFACTURING POWERHOUSE OF THE GLOBAL ECONOMY ?

    I recall reading a few months ago that, for the first time ever, the U.S had a monthly trade deficit of over \$ 100 billion.
    Since then, all subsequent monthly trade deficits have grown larger still.

    The U.S runs a yearly trade deficit of well north of a trillion of dollars – and the bulk of that is with China.

    With this ENORMOUS booty of USD (and Euros, JPY, GBP, AUD etc), China is CAPABLE of printing a proportional amount of yuan that it can spend on its pet projects.

    Bottom Line: SUPPLY comes first. To be the great economic hegemon of the world, which China undoubtedly is, it had to FIRST PRODUCE SAID ITEMS THAT THE WORLD DESIRED and then, with the income from said productivity, it could print up a commensurate amount of its local currency.

    You NEVER put the cart before the horse by printing first, and expecting growth in manufacturing to follow soon thereafter.

    The only exception to the rule is the United States. And that’s because it has Reserve Currency Status.

    It is the ONLY country in the world that doesn’t have to manufacture much stuff for export, because foreigners still accept USD fiat in exchange for the REAL AND TANGIBLE GOODS said foreigners toiled to produce.

    But this will not last for long. It’s a miracle it has lasted as long as it has – obviously said leaders of U.S vassals have been threatened and intimidated by the U.S if they decide to stop accepting USD or be part of the Petrodollar system. (look what happened to Gaddafi by way of example).

    The end for the U.S is nigh. It’s reserve currency status will soon be a thing of the past.

    And when it is, it will be game, set and match for the U.S.

    It will be nothing more than a historical footnote – recorded as the empire that had it all, and lost the lot within a generation or two as it squandered its blood and treasure fighting wars on behalf of Israel and created runaway inflation from the failed experiment, that has ALWAYS ENDED IN DISASTER WHEREVER IT WAS APPLIED in all of human history.

    Of course, that ‘failed experiment’ I refer to is none other than MMT*.

    (*Yes, it had different labels in the past but it amounted to the same thing. ie: printing vast quantities of worthless fiat).

  191. @mulga mumblebrain

    M & M writes:

    ‘Libertarians’ SHOULD be committed.

    Agreed.

    But we already are.

    We’re committed to ensuring that Big, Parasitic Government, Micro-Management of society by an intrusive surveillance state (presided over by the exploitative and war mongering Zionist miscreants), is a thing of the past.

    We first need to swat all the economically illiterate and pesky socialists out there, as they’re gumming up the works.

    Wish us luck M & M.

  192. @Alden

    Jews hate everything and everyone.. including themselves.

  193. @Tochter

    Arthur MacBride, I can’t believe that you have a ‘Thanks’ posted below comment # 177 from commenter TochTik.
    Surely, after reading all of his/her easily refutable drivel, you couldn’t possible choose to give thanks?
    You’re a sensible bloke whose comments I’ve enjoyed reading over many months so it came as quite a surprise that you’d find agreement with this ignorant individual.

    The only possible explanation I can come up with is that you clicked the wrong tab. You meant to click on to the ‘Disagree’ tab but, the ‘Thanks’ tab, which is right next to it, was clicked by accident.

    Meanwhile, back to TochTik, who wrote this rather bromantic thing about Mofo-Bill:

    I am interested in psychology. I also believe that (writing) style makes the man. My idol Mefobills has a dry and witty style that argues for his theses

    It looks like the Mofo has got you in a hypnotic trance.
    Do you gratify yourself manually while you read his commentary or do you insert some electronic device into an orifice whilst thinking of him ?

    I can understand that someone would be subject to idolatry in the case of the 21st century incarnation of Thomas Jefferson, that Congressman that has done more than ANY other in living memory to alert us to the malfeasance of the Federal Reserve and has brought the spotlight on America’s genocidal foreign policy.
    NO other Presidential candidate in the post JFK era has done more on that score – not even close.

    Of course I refer to none other then twelve term Congressman and proud Libertarian Dr Ron Paul.

    But even I don’t idolise Dr Ron Paul. Yes, I have a profound respect and deep admiration for the man but idolatry is a bridge too far.

    Why exactly would you idolise someone like Mofo-Bill ? I mean, he’s just a nutter called Bill (who happens to be a Mofo), who has posted one bizarre economic prescription after another.

    Is there something that happened between the two of you, perhaps a tryst or two that you had with him in your college days that has you in awe of him ?

    Or did you share a dorm room with him and have a propensity to get down on all fours and fellate your idol, as you did on the regular ?

    It certainly can’t be his intellectual prowess – seeing as he doesn’t have any.

    He is, after all, as thick as two planks.

  194. Mevashir says:
    @Tochter

    Bottom line: as long as Gentiles love money, they will be victims, and they will deserve to be victims.

    Jesus said Temptation will come but woe to the one through whom it comes. No one has a right or privilege to take advantage of people’s human weaknesses. Your attitude is precisely why so many people hate Jews. Hitler tried to establish an economic system outside of Judaic financial control and was destroyed. This contradicts your own words, because the Nazis tried to diminish human love for money and were not respected but destroyed by the Jewish predatory class.

    There is just enough truth in the “hard work” narrative to make it attractive to the basically decent yet fatally dumb and greedy goyim who have never been able to refuse the sad passion of accumulation. This brainwashing is necessary in the early, “heroic” period of a fresh debt cycle; the goyim need to be encouraged to produce wealth in order that it might later be expropriated when compound interest has finished doing its work.

    This is insightful. But again it does not justify the drug seller destroying people’s lives just because they are too weak to resist the temptation of the drugs. You have a very low morality and puerile conscience that basically consists of “blame the victim.”

    God will find you out and expose your sinful attitude. Amen.

  195. @Truth Vigilante

    I agree with much that you have written and I like your economic lifestyle. I have never borrowed money, never been in debt and bought everything with cash. But I don’t really blame people who live on credit as that is the way of the world, even big and small companies and entire countries are in debt with the debt ever growing. So who can handle it, good luck to them, as long as they don’t get in debt to loan sharks, or let being in debt to banks and losing everything because they can’t pay back their debts depress them – at least they had fun while the going was good.

  196. Exile says:
    @Truth Vigilante

    I was an Objectivist for over 20 years. Ask me anything about libertarianism.

    As for stupidity, I was stupid for refusing to accept that libertarianism is a fantasy trap for high-IQ White boys. But I recovered.

  197. CCR says:

    Question for the economists. What would happen if Russia demanded payment in gold for its energy exports to Western Europe?

    • Replies: @Truth Vigilante
  198. Mark T says:
    @peterAUS

    Blackrock and Vanguard are not really asset managers, they are better thought of as custodians of the index ETFs that are owned by mom and pop investors. Thanks to the lobbying by ESG activists, Larry Fink thinks he can ‘vote’ the shares, but in reality he can’t. Look elsewhere for your conspiracies, there are better ones out there!

    • Thanks: Bugey libre
    • Replies: @PetrOldSack
  199. Canada’s Rockefeller: Bronfman-Desmarais (Powercorporation) says all what’s i’m reading here on UNZ are LIES and it’s conspiracy theories, and all UNZ readers are ”complotists”.

    According to Powercorp (below), all people who dare say there might be also victims on the Russian side, ie, the 14 000 dead since 2014, are liars manipulated by Russia,

    Powercorporp and friends DESTROYED Libya. They backed Orange in Ukraine since 2004, with Paul Martin, Harper, Baird, Trudeau, and now Freeland and Joly, and remained totally silent on the monstrous crimes committed by Azov on civilians. They don’t care about the 14 000 peoples dead because of their megalomania. They have been good friends of Maxwells, Kissnger, Brzezinsky, Poland, Vatican, London, Schwab and co.

    https://www.lapresse.ca/actualites/2022-03-19/influenceurs-complotistes/la-propagande-russe-relayee-au-quebec.php

  200. Athena says:

    US, UK, EU, and Canada economies are based on FIRE. Their ”elites” always lie, cheat, steal, and kill or intimidate to obtain what they want.

    Russia doesn’t need the violence, poverty, and misery brought by these countries, which form a colonial system having zero respect for democracy and liberty. Peoples cannot demonstrate in the US, UK, and Canada. Protests are prohibited, and posts on ALL online media are deleted or ridiculed if they are not aligned with the Chatham House and CFR.

    Another example of the pseudo-democracy proned by the anglo-american bankers:

    Behind the ‘inclusive’ window dressing, the NZ-UK free trade deal disappoints politically and economically

    https://www.bilaterals.org/?behind-the-inclusive-window&lang=en

    ”As I wrote in The FIRE Economy in 2015, this backlash was part of a broader rejection of neoliberal globalisation and the massive private power accumulated by global capital, especially finance capital.

    The global financial crisis had brought a human face to structural wealth and income inequality in Anglo-American countries (as Thomas Piketty documented in his book Capital in the 21st Century), and to its unequal gender and race impacts.”

    ”Also rejected was a proposal that the “national interest analysis”, which accompanies any FTA text to parliament, be prepared independently rather than by the trade ministry that negotiated it.

    Since then, the pandemic has fuelled calls to waive intellectual property rules in trade agreements that guarantee Big Pharma’s patents over medical supplies. The UK and EU oppose the waiver.

    In December 2021 the Waitangi Tribunal found the CPTPP’s electronic commerce chapter, especially its rules on offshoring of data, which are now standard in many FTAs, breached the Crown’s Treaty of Waitangi obligations.”

  201. Tochter says:
    @Mevashir

    Mevashir, thanks for your response. Your rebuke is heard and will be meditated upon. Indeed it is difficult for me not to find the goy enabler class largely responsible for the predicament we are in. A story. Recently I was walking around a wealthy subdivision in the United States. Houses here started around a million dollars. All had been built in the last five years of cheap materials that will not last. All were aesthetically incoherent. Each oversized house was a testament to the ego of its Gentile owner. In this subdivision was a marina full of suspended boats that visibly almost never went into the water; just status symbols to “beat” the neighbor. I imagined what a Rothschild demon might think in my place. “We could have squeezed these goys dry, but in our forbearance we allowed them access to our credit. And look what they choose to spend it on: infantile status symbols, tasteless cardboard mansions, silly machines. We allow them to have a fortune, and they turn around and waste it on toys and monuments to their own petty vanity. These cattle would be just as happy and proud crowing over a pile of dung as long as it is bigger than their neighbor’s pile. We at least have the intelligence to use our fortunes for a greater project; the goyim had their chance, and we will now rescind that chance.”

    In this moment I almost found myself cheering the Synagogue of Satan on in their project of cleansing the Earth of Esau’s seed.

    Then I caught myself. The devil is nothing if not a seductive sophist!

    These goy houses and goy boats were nothing but a testament to thousands of years of exploitation. Is it not normal that the first or second generation of freed serfs would not yet know how to handle freedom? Is it not natural that they would, when first exposed to wealth, have no idea what to do with it, and in their ignorance emulate the masters whose boots had been on their neck, only less ruthlessly, more whimsically? An oversized house, a thirty-foot boat, a jet ski…how humble and innocent are these expressions of Gentile status and dominion when compared to those of their ancestral masters, with their insane desire to own everything, track, chip, and euthanize everyone, and essentially destroy God himself?

    So I basically agree with you, Mevashir.

  202. @peterAUS

    As of March 19 2022, (if true) confirming the head of the Russia Central Bank, and beyond some insider agency and manipulation, the former makes Putin as commander subordinate to the Central Bank (nobody else can be trusted with the highest office of the nation Russia, Putin not in control of central banking makes him an adjutant, a scribe, a subordinate). You must be confirmed firmly again in your opinion. I am.

    “We The People” definitely do not understand money, and seemingly no explaining would amend that. Value interchanges, make good and promise, when things come to play, easy to see trough as they are on principle, is asking too much. Taking control of Russia’s central banking means crashing the financial system globally. That is the start and the end of it. Offering an alternative (finance, the diplomacy of currency) must be global as much. Not easy, but in the light of the moment in time, do-able for Russia today, in entente with China. If mister Putin is half the man he projects, it is doable.

    Then the why not? The gregariousness of Putin, and his gauging of his own team might hold him back. Why not have the world run as is with a twist or two, and addressing some perks en pecking order here and there as an ego matter, and call it a day. Again the insolence in not addressing central banking matters (if so, all of us can only guess by the smell of the dung) is the definite answer to the limits of person Putin, and the change of global rule.

    The same goes for the US, the Global Finance Cabal is ousted, or the US is subordinate to any whim or fart of International Jewry.

    Both and i repeat both parties seem to be just that, sorry whining subordinates, including their elites. Western European bloodlines should feel deep shame subscribing to sub-human status.

    • LOL: Alrenous
    • Replies: @peterAUS
  203. peterAUS says:
    @PetrOldSack

    You must be confirmed firmly again in your opinion. I am.

    Yep.

    “We The People” definitely do not understand money, and seemingly no explaining would amend that.

    Yep.
    TPTBs do, though.

    If mister Putin is half the man he projects, it is doable.

    He isn’t.

    That’s all theoretical. Let’s get practical:
    People like us, in Russia, are for HARD shafting. The cabal in Kremlin, and their stooges, will be O.K. of course. I don’t see Putin and his circle missing on their materialistic comforts while lecturing common Russians about need to tighten belts.

    If I were a middle class Russian I’d be, fast, trying to emigrate into the West, while he/she can. To each his/her own.

    The bottom line: the problem noticed by TPTBs in June 2019 can be resolved, for them, by war economy. They tried that with Scamdemic, was O.K. but not good enough. Now they’ll have it.

    TPTBs are nasty, but smart. Majority of common people are nice but, fundamentally, dumb.

    We are for hard times. Russians will have it much worse, of course. Ukrainians the worst.
    Not that will make our predicament any easier.

  204. @Mark T

    Thanks,

    Please show some internal diagram, preferential shares or not, shed some light. To some willingly open-minded conspiracy theoreticians.

    Your explanation is short a sliver. Is there any “Fund” that confirms horizontal institutional investments? Is there no such thing as horizontal “hedging”? Are there no dominant currents and fluxes (not flu-s) territorially, and in and out of hard assets as such at all? Open up, we would be grateful.

    What are the pressure points to tweak currency versus value. Can finance culture and methods be used to reduce inequality, goal setting in the long term? Or is anything just consequence of the tail wagging the dog, industrial and workforce ignorance. Define your own markers and limits. You are allowed to use your own (professional?) terminology and even use diagrams and graphs. Holy water is not optional. Any coherence is appreciated but not obligatory.

  205. @Thomas Faber

    Yep.

    Jeff Nyquist thinks so too, as did James Angleton.

    All I know is that deception is a necessary and inevitable component in War strategy. Victor Ostrovsky knew all about it and provided insights in his “By Way of Deception”.

  206. peterAUS says:

    From another Roberts’s article here (where he’s not allowing comments, naturally):

    According to the Wall Street Journal, today President Putin has nominated for a third term Elvira Nabiullina as chief of the Russian central bank.
    This is an inexplicable decision!

    For dumb and wilfully ignorant.

    Nabiullina is the incompetent or traitor….

    Only if you trust Putin and his cabal. Otherwise she’s been doing very well.

    It is beyond comprehension that Putin would reappoint, rather than arrest for high treason, a fool or traitor…

    For dumb types.

    Something is clearly bad wrong in the Kremlin….

    For dumb or wilfully ignorant. And Russian serfs. It’s all good for the cabal in Kremlin and their stooges.

    As Putin has finally acknowledged the reality of a Russian Fifth Column operating against Russia, he should investigate whether his central bank chief is part of it.

    Hahahaha……….
    Wake up you idiot.

  207. @Bugey libre

    African population will never get qualified or develop value added product and services since the opposite has been planed by the globalist and since long time ago. Every year, the western countries select the best of African youth to study and remain in Europe; US or Canada and none of them will come back since their skills are mostly useless in Africa. AQMI, Boko Haram (and their backers) and their ilk will ensure nothing good can happen.

    The chinese apparently are investing in manufacturing industries in Africa. Maybe they (africans) can slowly follow the same path as the chinese did when american invested in manufacturing in China.

    Meanwhile, enjoy:

    Thanks. A very interesting performance !

  208. @Mevashir

    No one has a right or privilege to take advantage of people’s human weaknesses.

    But again it does not justify the drug seller destroying people’s lives just because they are too weak to resist the temptation of the drugs.

    Absolutely. But somehow you seem to imply that the weak are justified and entitled to their weakness (please correct me if I’m wrong).

    Jesus said Temptation will come but woe to the one through whom it comes.

    The problem here (on TUR) is we focus too much on the second part of the statement above, as if it would be possible to change that part, while at same time ignoring or assuming the first part is bounded to be unchangeable.

    While the reality is just the opposite. The vehicle of temptation, call it the Jews, the drug seller, or simply Satan, is forever unchangeable (some say it can be changed at the very end of times, but this is another story).
    But human nature is, by nature and design, changeable. And the best agent of change is precisely temptation, or all the hardships people go through because of their weakness, and caused by those who are enrolled as the vehicle of temptation.

    If it was otherwise we would stay eternal children, who never grow and need to be protected at all times.

    • Agree: Bugey libre
  209. @Exile

    You write:

    As for stupidity, I was stupid for refusing to accept that libertarianism is a fantasy trap for high-IQ White boys. But I recovered.

    Admittedly, nowhere in the world has unfettered Free Market Laissez-faire capitalism (ie: the essence of Libertarianism), been practised in its purest form.

    But, in the case of the U.S, in the 130 or so years between the founding of the republic and the formation of the Zionist Cartel privately owned Federal Reserve, the U.S in that period was DAMN CLOSE to the Libertarian ideal.
    To quote what I’d previously written in comment # 194 in this thread :

    In that period of time, as a % of the population, more citizens in the U.S were lifted out of back braking and grinding subsistence poverty than in ANY OTHER PERIOD OF HUMAN HISTORY EITHER BEFORE OR SINCE, and raised the U.S from a third rate economy into the undisputed economic hegemon on the planet.

    Simply put, under the Classical Gold Standard, as opposed to the bastardised gold standards that existed between the wars and post Bretton Woods, there has been NO PERIOD in human history that has DONE MORE to enable the lower classes to ESCAPE THE SHACKLES OF FEUDALISM and enable said lower classes (in huge numbers) to ascend to the upper class.

    What I wrote above is no ‘fantasy trap’. It is a REAL WORLD outcome.

    In that period leading up to 1913, the U.S was the most FREE, least tyrannised, among the least taxed, least subject to government intervention society in ALL OF HUMAN HISTORY – it was blue sky to second place.

    And yet, that’s still not good enough for you ?

    There’s no satisfying you.

  210. @CCR

    You asked:

    What would happen if Russia demanded payment in gold for its energy exports to Western Europe?

    Answer: Thee wouldn’t be enough gold (at current manipulated low prices) to pay for said energy exports.

    SOLUTION: The price of gold would have to be re-priced by the market to reflect real world conditions. (ie: perhaps a ten fold increase to begin with).
    This would entail an immediate loss of reserve currency status for the USD and a collapse in its value.

    Concurrent with that would be a collapse of the U.S economy/stock and bond markets and its never-to-be-extricated-from status as a banana republic.

  211. @Truth Vigilante

    ‘Socialism’ is the state in which humanity existed for most of its existence. Mutual co-operation for mutual benefit. Individualism, particularly greedy self-interest ends in self-destruction, as we see today. Relax-your type won.

    • Replies: @Truth Vigilante
  212. @Sue Dunham

    Myth and history seem to be considered mutually exclusive by some whereas myth to others is something woven into creation in which life takes on enhanced meaning in a divine drama with good intent. Though I have not read any of her books your comments brought to mind the late Achyra S (Dorothy Milne Murdock) of whom Roger Pearse commented:

    “That she should die on 25 December was itself full of irony. Acharya S was certain, certain with a degree of certainty that would appal most of us, that Christmas Day was a fraud: that Jesus of Nazareth never lived…she preached with a fierce fervour that contradiction only strengthened”.
    https://www.roger-pearse.com/weblog/2015/12/30/in-memoriam-acharya-s/comment-page-1/#comments

    The late Ahmed Deedat was a formidable Islamic apologist. In April 1996 he gave a public lecture in Australia on Good Friday (one of the three most sacred days in the Christian liturgical year along with Christmas day and Easter Sunday) which commemorates Calvary and the salvation that comes from Jesus (not from Moses and the law, John 5:45). He denied the common Christian belief regarding what happened to Jesus. He was shortly to be laid low by a stroke and spent the next ten years paralyzed and immobile, like Jesus nailed to the cross, until his death.

    “I also condemn attacks against Christians by Muslims who come to Australia to sow the seed of religious hatred. In this regard I refer to Islamic evangelist Sheik Ahmed Deedat, a South African who, on Good Friday, spoke about Easter, indulged in bible-bashing …. I do not know why he came to Australia or why he adopted such a confrontationist approach on Good Friday at a big public meeting at Sydney Town Hall when he disparaged the Christian faith”.
    https://en.wikipedia.org/wiki/Ahmed_Deedat

    This also brings to mind Helen Schucman and her popular book “A Course in Miracles”. A Catholic monk who gave a eulogy at her funeral commented:

    “This woman who had written so eloquently that suffering really did not exist spent the last two years of her life in the blackest psychotic depression I have ever witnessed.”
    https://spiritualteachers.proboards.com/thread/940

    Although perhaps salutary, the above might be seen as living myth in action. William Blake wrote “A truth that’s told with bad intent, Beats all the Lies you can invent” and maybe what is important is the good or ill will that is at work.

    • Replies: @Sue Dunham
  213. @mulga mumblebrain

    You wrote:

    Relax-your type won.

    My type, as in those that seek Freedom, that don’t wish to live in a surveillance state, that desire minimal government micro-management of our lives (and by definition that necessarily means low taxes which are incapable of funding the bloated bureaucracies or fund the murderous foreign misadventures), is LOSING BADLY in the socialistic western nations.

    In China, where government as a percentage of GDP is far lower than in the west, where taxes and regulatory burden is far lower, where government doesn’t subsidise or protect favoured [Zio owned] cronies from competition with regulatory barriers etc, we have the most capitalistic of all the major powers.

    No taxpayer money is squandered on belligerent foreign policy.

    And, to the extent that China is spending more than it should on its military, it is forced to do so because of provocations from the criminal Anglo-Zionist empire.

    Make no mistake, to the extent that China is a manufacturing and industrial colossus, it is due entirely to the dynamism of the Chinese private sector and the entrepreneurial and hard work ethic of the Chinese people.

    Contrary to your assertion in another comment that the ‘strong’ Chinese government should take the credit for the nation’s success (or perhaps it was someone else in the commentary ?), it is the Chinese citizenry themselves, engaged in private industry, that deserve the accolades for what China has become.

    • Replies: @Commentator Mike
  214. @Jack McArthur

    I’m afraid I have wholly missed your point. It’s not ironic that DM Murdock died on December 25, in fact it is perfectly synchronistic. There is no evidence that Jesus Christ was born at all, much less on this specific date. But there is plenty of evidence that December 25 is the end of the winter solstice. It is the first day that the sun appears to move back toward the northern hemisphere. This is an astronomical fact. Murdoch would say that this day represented the (re)birth of the Sun to agricultural societies in the Northern hemisphere. It is a pagan holiday and only adopted by Christians centuries after “year zero”. Murdoch wrote extensively about the true meaning of December 25. Her death on this date is not ironic; it is fitting.

    • Replies: @Jack McArthur
  215. @Sue Dunham

    I’m afraid I have wholly missed your point.

    Agreed.

  216. @Sue Dunham

    You will sing a different tune when the next lockdown comes.

    • Replies: @gay troll
  217. @Truth Vigilante

    PR China sees to be a mixed economy where they try to balance private enterprise with state ownership and turn up one or the other depending on their needs. But I like the idea of a one party systems as political parties only divide the citizenry in demoncratic countries and that’s just another way to divide and rule.

    • Agree: mulga mumblebrain
    • Replies: @Truth Vigilante
  218. @mulga mumblebrain

    When the next lockdown comes you will forget about global warming.

    • Replies: @mulga mumblebrain
  219. Herald says:
    @Johnny Rico

    It’s more that Russia doesn’t want the West at all, perhaps not too surprisingly.

  220. @Peter Rabbit

    Yes, you wascally wabbit, but anthropogenic climate destabilisation won’t forget about us.

  221. @Exile

    ‘High IQ’? I’ve never met a ‘libertarian’ who was not a narcissistic dolt. Living a life of hatred of others is like a slow suicide.

  222. @Truth Vigilante

    The parasites are Corporations. The surveillance apparatus is mostly corporate. ‘Government’ such as it is, in the West, is controlled by the corporations. They suit themselves, committing crime and outrage daily. Your ‘libertarian’ paradise is HERE AND NOW. Talk about a ‘useful idiot’. Bill Gates must love your type. Libertarianism is ‘Every man for himself and the Devil Market take the hindmost 90%’, ie the ‘Bellum omnium contra omnes’-and you just think that you are a ‘winner’.

    • Replies: @Truth Vigilante
  223. @Commentator Mike

    You wrote:

    PR China seems to be a mixed economy where they try to balance private enterprise with state ownership and turn up one or the other depending on their needs.

    I’m aware that the Chinese is ‘mixed’ (in the sense that it is mixed up/ muddled up).
    Yes, a lot of subsidies go the way of the inefficient and parasitic State Owned Enterprises (SOE’s) which the old guard of dyed-in-the-wool hard core communists in the party want to maintain.
    These SOE’s are haemorrhaging countless billions.

    But to the extent that China is successful, this is ENTIRELY due to the dynamic Chinese private sector.

    The Chinese private sector is so dynamic and sooooo productive, that it can afford to squander tens of billions on ghost cities and highways/railways to nowhere etc.

    Bottom Line: China is an industrial colossus DESPITE the parisitism of the SOE’s and the statist, command economy edicts reminiscent of the Stalinist 5 year plans.

    Absent these Big Government boondoggles, China’s GDP (and the standard of living of the average Chinese citizen), would be significantly improved.

  224. @mulga mumblebrain

    You wrote:

    I’ve never met a ‘libertarian’ who was not a narcissistic dolt. Living a life of hatred of others is like a slow suicide.

    When one thinks of narcissism, Donald J Trump comes to mind.

    Meanwhile, the highest profile Libertarian in the world is Dr Ron Paul, a man who is modest, unselfish, a specialist obstetrician that delivered 4000 babies, a man that is no chicken hawk like Trump/Bush 43/Bill Clinton, all of whom avoided service during the Vietnam War.
    (Dr Paul was a captain in the USAF during the Vietnam War).

    There is no more humble a man that’s served in the U.S Congress in living memory than Dr Paul.

    Moreover, just like that other giant of Libertarianism, Murray Rothbard, that Ron Paul knew well and called his friend, these two individuals were much loved by all that met them in person, not to mention the countless millions like myself who haven’t, but have been touched by the legacy that they left/will leave (seeing as Dr Paul is still with us), when they depart this world.

    What is it with this ‘living a life of hatred’ that you falsely ascribe to these Libertarians ?
    The reality is 180 degrees diametrically opposite.

    Yet Mulga, you have the temerity to slander Dr Paul, the least narcissistic person you’ll ever meet, with this pejorative.

    As always Mulga, just like your illiteracy on actual Climate Science, the REAL WORLD facts fly in the face of of your groundless smears.

    You, and your comrades at the local chapter of the Socialist Parasitic League, where you’re the Grand Poobah, you people are the real HATERS.

  225. @mulga mumblebrain

    You wrote:

    The parasites are Corporations

    Those corporations that owe their existence to government largesse (in the form of subsidies, regulatory burden that prohibits competition and discourages new entrants, that makes legislation that protects their monopoly by imposing tariffs, quotas, trade barriers), all of these corporations are indeed parasites.

    But NONE of these entities would exist under unfettered Capitalism.

    In true Capitalism there are NO bailouts with taxpayers money, when said corporations get into trouble from their reckless speculation and financial chicanery.
    In true capitalism there are no subsidies, favours, cronyism for the select few.

    We do not have capitalism in the west. We have Crony Corporatism.

    But you Mulga, are too economically iliterate to know that.

    Knowing that power corrupts and that absolute power results in absolute Zionist Tyranny, the ONLY way to minimise corporate largesse is to strip government of as much power as possible.
    By definition, that entails a massive DEFUNDING of all forms of government and shutting down entire departments. (Easily done as there is so much redundancy between state and Federal governments. Why do we need a State AND Federal Dept of Education, Health, Transport etc ?).

    Yes, there will still be some some businesses and corporations that achieve gargantuan status.
    But said status WILL ONLY be maintained as long as they continue to deliver a BETTER PRODUCT OR SERVICE than their competitors.
    The minute they stop delivering, they’re in the dustbin of history.

    How do I know this ? Well, let’s look at a real world example.

    In the 1990’s, Nokia corporation made the best mobile phones. Every man and his dog had one.
    Nokia Corp was the Apple Corporation of its day and had a massive worldwide market share.

    In a very short space of time they were knocked off their perch and the market cap of Nokia was slashed by well over 90%.

    What happened, you ask ?

    The competition did it better (or at least the bulk of consumers thought so). I still have a non-smart phone conventional Nokia and it has served me well.
    No stupid QR codes or nonsense for me during the Covid Psyop.

    Bottom Line: Whether you’re a little Mum and Dad corner store or some big box behemoth, under Capitalism your existence is dependent on you SERVING YOUR CUSTOMER BASE.

    Henry Ford did that at the turn of the 20th century and amassed untold riches.
    Unlike you and your socialist ilk Mulga, who turn green with envy when someone is more successful than you, I do not begrudge Henry Ford his riches.

    As much as he amassed a fortune for himself, he made a HUNDRED FOLD MORE WEALTH FOR AMERICA (perhaps even a thousand fold).
    His introduction of the mass production assembly line, which was duplicated in other industries across America, is what enabled the Allies to crush the Germans/Japanese in WWII.

    There’s a reason the Allies had air superiority over western Europe in WWII and a conversation I had with a friend will serve to illustrate. It went something like this:

    Me: Would you believe that the U.S, in it’s peak year of military production (1944), manufactured Two Thousand (2000) military aircraft ?

    My Friend: Really, that many ? That would’ve blanked out the skies. No wonder the Luftwaffe couldn’t compete.
    But you’re shiittin’ me, right ? They didn’t do that.

    Me: You’re right, That figure is incorrect.

    In fact, the U.S was making two thousand PER WEEK*.

    (*96,000 military aircraft were manufactured by the U.S in 1944 alone. and at peak production, in EXCESS of 2000 planes were rolling of the production lines per week. In the latter months of 1944, when the Allies knew the Germans and Japs were toast, production tapered off massively – hence the reason that the 100,000 figure was not breached).

    Mulga, just like you’re clueless about the non-existent Anthropogenic Warming, you have no eff’n idea what capitalism actually is.
    You only know what you’ve read courtesy of your monthly subscription to The Rabid Marxist Almanac.

    • Replies: @mulga mumblebrain
  226. Tochter says:
    @Truth Vigilante

    Your response to Mulga Mumblebrain reveals your hypnotic programming further.

    “Meanwhile, the highest profile Libertarian in the world is Dr Ron Paul, a man who is modest, unselfish, a specialist obstetrician that delivered 4000 babies, a man that is no chicken hawk like Trump/Bush 43/Bill Clinton, all of whom avoided service during the Vietnam War. (Dr Paul was a captain in the USAF during the Vietnam War).”

    Translation: Ron Paul’s private virtue can be artificially abstracted from the fact that objectively, he is an abject servant of (((Empire))) who dropped flaming bombs on toothless yellow peasants because it advanced the interests of (((Heinrich Kissinger))) and the Sanhedrin he serves. NOT America. Libertarianism is nothing but the elevation of this psychic cleavage into an ideology that allows the libertarian to engage in vices like (((accumulation))) while offering him plausible deniability regarding his own complicity. Put more succinctly, libertarians are perfect house negros for (((them))).

    In several other comments here, you accuse your fellow commenters of “socialism”, in the process illustrating that you cannot see past the surface of things and remain stuck on the hypnotic, contentless words (magick spells) like “socialist” which (((they))) emit to paralyze the goy brain. The success of their entire enterprise rests on their ability to substitute clever (((ersatzes))) for living, breathing, healthy, integrated thoughts and ethical impulses. (((Marxism))), for example, was created to poison the spontaneous and natural concern for fairness that all decent people feel. By inserting a bunch of Talmudic garbage about the dictatorship of the proletariat and the abolition of private property, (((ideas))) totally extraneous to the healthy desire for men to be paid a fair wage, the original workers’ movement is captured and transformed into its opposite. Patriotism, the healthy desire to protect one’s land and people, becomes Kissinger (((patriotism))) in which incinerating rice farmers 10,000 miles away is now a virtue. (((Libertarianism))) is a similarly inverted and captured movement. Basically, libertarians are wannabe tribe. Jews are born into an ideology – Talmudism, chosenism – that brainwashes them from birth to engage in antisocial behavior towards others while feeling no guilt. Greedy gentiles, on the other hand, need a new ideology for such behavior, since their native ideologies generally forbid such behavior. Libertarianism looks like a doctrine of autonomy and mutual respect in the same way that dropping napalm on kids looks like patriotism. In both cases, something crucial needs to be repressed in order for the ideology to function. In the case of libertarianism, what is repressed is the awareness that the means of exchange is not neutral and transparent. The entire libertarian fantasy rests on this blind spot. NO ONE can be free when the means of exchange is itself a tool for transferring wealth to the top of the pyramid. In a truly free market – which is to say, free from rent-seeking, which is impossible with debtbucks (goldbucks being a variation of debtbucks) – the libertarian ideals of autonomy and hard work would indeed be virtuous. But in a captured and perverted economy and society, such abstract ideals always end up concretely serving exploitation. Since libertarians refuse to see this (because it would endanger their vice, greed), they end up doing more harm than good. All forms of psychic cleavage lead to the subtle transformation of a thing into its (((opposite))). (((They))) are simply people who understand this deep (Hegelian) principle and exploit it by introducing walls and dams in the brains of their victims in order that thought might be corralled into two pens, one abstract and one concrete, whose artificial separation guarantees that consciousness will never get past the level at which you remain stuck, namely the level at which “libertarians” and “socialists” and “patriots” are exactly what they seem to be.

    The twisted elite draft dodgers you mention, Trump, Bush and Clinton, are indeed demons, but at least they aren’t dumb and have no illusions about their nature, unlike the idiotic goyim whose refusal to see past the surface of things constitutes, to my mind, an active ethical refusal and not simply an innocent error. Kissinger would have no power if every American gentile had refused to bomb peasants for him.

    You are right about climate change, though.

    • Replies: @Truth Vigilante
  227. @Tochter

    You wrote:

    Translation: Ron Paul’s private virtue can be artificially abstracted from the fact that objectively, he is an abject servant of (((Empire))) who dropped flaming bombs on toothless yellow peasants because it advanced the interests of (((Heinrich Kissinger))) and the Sanhedrin he serves. NOT America.

    Dr Ron Paul was a SURGEON in the USAF.
    He worked on servicemen that came back dismembered and disfigured from a pointless war of aggression that he didn’t agree with.

    BTW, I know you’re a little upset because I revealed to the UR readership that you had/are still having a bromance with Mofo-Bill.

    We know you’re in love with him.

    Would you care to share with the UR readership the extent of your involvement with him (we presume you’re a ‘him’ also).

    I promise, there will be no homophobic smears. You can’t help being who you are.

    • Replies: @gay troll
  228. @Mevashir

    No, the Nazis were not trying to establish an economic system outside of Jewish financial control : the guy went the furthest in that direction, Hjalmar Schacht, was himself a Jew of the proudest kind, and his very clever and successful method for putting Germany back onto rails was heavily dependent upon the action of several banks, including the national Reichsbank which were either composed of Jewish capital or composed of essential Jewish experts of the kind he couldn’t have dreamt to meet hadn’t he been a Jew : he was a Klaus Schwab type Jew quite close to those who were never to be attacked as such during the whole Third Reich. Quite the contrary most rich Jews in Germany had got really afraid of an impending communist take-over and at that particular juncture (1933) USSR had opted for de facto antisemitism as a main propaganda theme for the populace, still arresting people for having read the Protocols but labelling all Jews as traitorous cosmopolitans by their class origins. The German Jews didn’t consider Russian Jews as real ones but as people of Khazar origin. They were so afraid of their class being ousted that they preferred to provide the populace with cheap antisemitic slogans repeated by human dogs they felt in perfect control of just for the time necessary to get them killed on various battle front for their own interests, after what the paid antisemites would be purged in their turn : the Schachtian system of economics, clever though it was, could world only in the expectation of ever increasing military conquests to capture ever more ressources and make ever more slaves : the slave work hour was actually to be the new monetary unit and it therefore had to be as cheap and abundant as possible as is desirable for any currency as long as that growth is not inflationary. You can get an idea of that by watching “The Serpent’s Egg”. From 1938 on, Schacht was fired and Germany reverted to a more classical form of financing based on gold and international markets, as the nation had recovered the stature of a winning player at that game. Jews fear free thought not antisemitism as long as the latter combats all forms of free expression, as can be seen in Ukraine.

    • Replies: @Tochter
  229. gay troll says:
    @Truth Vigilante

    Quit it with the moronic cheap shots there buddy. I thought you were a cut above all these other people obsessed with pathologizing homosexuality.

    • Replies: @Truth Vigilante
  230. gay troll says:
    @mulga mumblebrain

    Living a life of hatred of others is like a slow suicide.

    And yet hatred is your MO here, ever foaming at the mouth about Western culture and economy.

    • Replies: @mulga mumblebrain
  231. gay troll says:
    @Peter Rabbit

    Shut the fuck up you troll, I’ll be whistling Dixie down Main Street.

  232. Tochter says:
    @Francis Miville

    Thanks for this fascinating comment, Schacht seems like one of the keys to understanding what really happened in those years. Mefobills argues that Schacht was responsible for an authentic grassroots sovereign money movement, but then again there are all these stories of the Nazis being funded by Jewish bankers. If the NSDAP economic miracle of the 30’s turns out to be just an illusion cooked up by Schacht, then the primary pillar of the NSDAP’s legitimacy is knocked out and they become just another repressive authoritarian front organization controlled from the shadows. Could you point me to some references or even better, develop further on Schacht?

  233. @gay troll

    Point taken.

    You know, I don’t care what anyone’s orientation is, as long as they’re doing good.

    I have nothing but admiration for the likes of Glenn Greenwald and Chelsea Manning.

    Particularly in the case of the latter, Manning’s release of the ‘Collateral Murder’ video to Wikileaks, was that one thing, more than anything, that struck right to the bone in exposing the criminality of the Anglo-Zionist empire.

    For that, I will be eternally grateful to Manning.

  234. MrFish says:

    “The Russian central bank even thinks that it cannot create rubles to finance investment projects unless the rubles are backed up by foreign exchange. This has caused the central bank to borrow money it doesn’t need on which it pays interest.”

    Producing money at will is the main thing that a central bank is capable of doing. Somebody in a position of authority is undermining the Russian central bank’s ability to carry out the functions of a central bank. This is similar to how the government of Greece was undermined by the dissolution of Greece’s central bank. Greece’s currency, the drachma, disappeared along with its central bank. A nation’s sovereignty depends on its central bank’s ability to create as much money as needed, without limitations. And, since an unencumbered central bank can create unlimited money, there is no need for it to borrow money from private lenders – unless it is mandated to borrow. A central bank’s freedom to create money to serve the nation’s needs is the basis of what’s called “Modern Monetary Theory.” MMT is much maligned by right-wing propagandists in the mainstream media, mainly because central bank created money can be used to support and perpetuate the government’s social welfare state, and it can protect the economy from collapsing in bad times.

    • Replies: @Truth Vigilante
  235. pravda says:
    @atharvaveda

    It exports because it has contracts.
    Russia is scrupulous about keeping contracts.
    When they expire, well that’s the end.

  236. Athena says:

    Control by the american and british banks of the world’s natural resources (as usual)

    Rusal halts alumina shipments from Ukraine

    https://www.mining.com/rusal-halts-alumina-shipments-from-ukraine/

    Australian alumina ban will squeeze Rusal and aluminum

    https://www.mining.com/web/australian-alumina-ban-will-squeeze-rusal-and-aluminum/

    U.S. announces deal with UK to end steel, aluminum tariffs

    https://news.cgtn.com/news/2022-03-23/U-S-announces-deal-with-UK-to-end-steel-aluminum-tariffs-18CUuykVdFC/index.html

    The world’s main sources of bauxite (see the video):

    Brazil: sudden surge in 2001, followed by a continuous increase
    Guinea: was at the core of the 2014 Ebola outbreak.

  237. @MrFish

    Something-Smells-Fishy wrote:

    A central bank’s freedom to create money to serve the nation’s needs is the basis of what’s called “Modern Monetary Theory.”

    Well, NO, actually.

    The essence of MMT is being able to print as much as you like, finance whatever unproductive boondoggle that you like, and thereby run up whatever budget deficits you like, and have the asinine expectation that no negative consequences will eventuate.

    It started with that Socialist (that happened to run on the GOP ticket), none other than Donald J Chump, who in 2020 increased the M1 money supply by around 40% in just a few months.

    And now Joe Biden is continuing on where the Chump left off and encouraging the Zio-owned Fed to print/digitally create USD in an orgy of monetary recklessness.

    And that’s why the U.S is where it is today – inflation is OVER 15% (a 100 year high) and will get a lot, LOT worse in the years to come.

    Every dollar printed/digitally created REDUCES the purchasing power of those dollars already in existence.
    And, I don’t have to tell any of you reading this, your purchasing power is rapidly diminishing with each day that passes.

    As for this utterly stupid comment of yours:

    MMT is much maligned by right-wing propagandists in the mainstream media

    MMT is NOT being criticised by the MSM, for the most part.

    The MSM is going out of its way to sing its praises, other than for a few places like in Fox News where Tucker Carlson interviews the omniscient Peter Schiff:

    To the extent that MMT is being criticised, it deserves all that its getting … and MORE.

    It will bring the U.S economy to its knees and fast track the loss of reserve currency status for the USD, which will turn the U.S into a much deserved banana republic.

    Actually, that’s no bad thing.

    It’s about time that the Great Satan got its comeuppance.

    Bring it on then. Let’s have MMT in full force.

    With it, the malfeasance of the Anglo-Zionist empire will come to an end.

  238. Further, to add to my last comment, comes these words from a prescient someone that you may have heard of before :

    ‘The first panacea for a mismanaged nation is inflation of the currency; the second is war.
    Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.’

    …. Ernest Hemingway

    The block quoted section above appears as the first paragraph of today’s Bill Bonner’s newsletter ‘The Daily Reckoning’.

    The second paragraph below:

    And now we have both, inflation and war!

    Any dope could see that when you lend money at below the going rate of inflation…stymie output with regulations, shutdowns, tariffs, and waste trillions of dollars…and try to make up for lost production with printing press money — you are asking for trouble. We said so (ad nauseam) in these pages.

    Well, we have more than a few dopes here in the UR propagandising on behalf of MMT.

    And not one of them can see the folly of their foolish strategy.

    We have one Mofo called Bill (who fortuitously uses the handle Mofo-Bill here in UR), and he continuously praises MMT (and MMT associated hare-brain fiscal and monetary prescriptions).

    He is a groupie of the pseudo-economist Michael Hudson and no doubt got those lame ideas from him.

    At the end of the day, we don’t have to wait and see whether MMT will work.
    That’s because WE’RE LIVING THROUGH THIS FAILED EXPERIMENT in real time.

    The runaway inflation we’re experiencing is far from ‘transitory’, as Zio cabal sock puppet Jerome Powell (the Chairman of the Federal Reserve) keeps telling us.

    As bad a inflation is now, it’s going to get much, MUCH worse in the years to come.
    Batten down the hatches, because Weimar Germany is where the U.S is headed.

  239. One last thing on MMT.

    The leading proponent of MMT is a stupid woman by the name of Stephanie Kelton, who claims she’s an economist – although, one could easily argue otherwise.

    Needless to say, Michael Hudson, the well known voodoo economist that Ron Unz invites onto this webzine – so we can all have a good laugh – has personally endorsed Stephanie Kelton and her scatter brained theories.

    Normally, we could all have a chuckle over Kelton’s beliefs and just ignore her – had we lived in a sane world.
    But this foolish woman is actually an adviser to the Biden administration and her MMT claptrap is actually being implemented – and the results, which we’re all experiencing first hand, have been disastrous.

    Anyway, I urge all of you that are on the fence on this issue, to listen to the following important three (3) minute video, where Peter Schiff explains, in the most readily intelligible layman terms, WHY MMT CAN NEVER WORK:

    • Replies: @MrFish
  240. MrFish says:
    @Truth Vigilante

    During the financial crisis, Peter Schiff appeared in the media many times to warn us that the Fed’s quantitative easing would destroy the economy and cause catastrophic inflation. Well, we’re all still here, the economy is functioning pretty well, and the stock market has done very well following Schiff’s warnings to avoid the stock market. QE didn’t cause inflation because it went to banks and not into the money supply, but Schiff didn’t understand that. He’s a crackpot, and citing him as a qualified expert in economic issues is a bad idea.

    • Replies: @Truth Vigilante
  241. @MrFish

    Fishy smell wrote:

    During the financial crisis, Peter Schiff appeared in the media many times to warn us that the Fed’s quantitative easing would destroy the economy and cause catastrophic inflation.

    OUTCOME: Schiff was absolutely on target. The U.S economy/stock and bond markets are a house of cards which will soon topple over.
    Catastrophic inflation is occurring RIGHT NOW in the U.S and is set to get a lot worse.

    To the extent that some Americans are not all living in tent cities and beneath freeway underpasses (like a growing proportion of Americans are), is because of the phony growth generated by debt funded consumption.
    This cannot go on forever and will soon come to an end. When the music stops in this game of debt funded musical chairs, many more Americans will be destitute and the remainder will have a severely diminished standard of living.

    And, to the extent that the fake government numbers said inflation was low in previous years, it was because the 1% got the money and they poured it into real estate and stock market speculation. THAT is where the inflation went.

    An increase in the money supply will tend to increase the prices of the goods and services that the lower and middle income utilise IF they get a hold of it – which they didn’t in previous years.

    But, since the Covid Psyop was foisted on us, a ton of money went to the lower classes to stay at home during the alleged crisis, and all manner of welfare and relief payments went into their pockets.

    That you can’t see this happening around you Mr Fishy-smell, tells us how oblivious you are to what’s going on around you.

  242. Russian says:

    Thanks for the advice. Now all energy resources are only for rubles.

  243. hum says:

    Paul Craig Roberts, the FUD agent, was always wrong about Russia just like Saker the Faker.
    But actually Russia is just doing just that what PCR suggested for years; they are moving on with their Russian agenda.

  244. @gay troll

    Hatred of that which is Evil and corrupt is a moral duty. Get someone to explain this to you.

    • Replies: @gay troll
  245. @Truth Vigilante

    Henry Ford made NOTHING-workers did.

  246. @Truth Vigilante

    Temperatures in east Antarctica are, at present, forty (40) degrees Celsius above normal for this time of year. Deny that.

    • Replies: @Truth Vigilante
  247. @mulga mumblebrain

    I wonder what’s located in east Antarctica ?

    Perhaps there is a U.S military testing site there that’s setting off some exothermic weaponry – perhaps even a thermonuclear device or two.

    That’ll raise the temperatures in a hurry. In fact, near the epicentre of said explosion, we might get elevated temperatures of 100,000 degrees Celsius or more.

    That’ll get the global warming alarmists frothing at the mouth.

    From Wikipedia, on Antarctic temp fluctuations:

    Average temperatures can reach a minimum of between −80 °C (−112 °F) in the interior of the continent during winter and a maximum of over 10 °C (50 °F) near the coast in summer.

    Signy Island recorded a temperature of 19.8 °C (67.6 °F) in January 1982, the highest temperature ever recorded in the Antarctic region (including non-continental islands).

    Meanwhile, seeing as I live in Sydney, this also from Wikipedia:

    Sydney Record High temp for January = 45.8 deg C
    Sydney Record Low temp for January = 10.5 deg C (ie: a cold temp, even by Sydney winter standards).

    Bottom Line: As one approaches the tropics and the equator, the VARIATIONS between highs and lows become less pronounced.

    Sydney, located in a temperate zone, can experience a 35 deg C discrepancy for a given month.

    The polar regions experience much more volatility and, as you can see from the example I furnished, there exists a 100 deg C discrepancy from the record high to the winter lows in Antarctica.

    It is not unusual to see a variation of 30 deg C above or below the average temp in Antarctica for that time of year on ANY given day. (ie: within a 24 hour period).
    A 40 deg C variation above [or below*] the average may not be common, but a handful of days every year would exhibit those extreme gyrations.

    (* I have a sneaking suspicion that when temps dropped to 40 deg C BELOW the average, the Climate Alarmists never bothered to tell us about that. Hmmm …. not exactly a balanced display of fact finding).

    Meanwhile, I found this article from last October that the Climate Alarmists will never mention:

    https://earth-chronicles.com/natural-catastrophe/exceptional-cold-the-average-temperature-in-antarctica-is-minus-61-degrees-celsius.html

    From the article:

    The average temperature at the Amundsen-Scott station at the South Pole between April and September – minus 61 degrees Celsius – was the coldest on record since 1957. This was 4.5 degrees below the last 30-year average.

    Oh dear !! It appears the Antarctic is GETTING MUCH COLDER.

    • Replies: @mulga mumblebrain
  248. gay troll says:
    @mulga mumblebrain

    “Hate cannot conquer hate”. -Buddha

    You were right the first time, living with a hatred of others is a slow suicide. Hatred corrupts the mind. Moral duty is the golden rule. Evil is not simply to be snuffed out in a rage. It is to be confronted and judged. It may be punished, and it may be reformed. All evil arises from the ignorance of moral duty. Hatred is an example of such.

    • Replies: @mulga mumblebrain
  249. @gay troll

    ‘You will not be punished for your hatred, but by your hatred’.

    • Replies: @gay troll
  250. @Truth Vigilante

    Imbecile! This is MARCH, NOT October. Do you consider the possibility that such gigantic fluctuations are not a good thing, seeing that climate stability during the Holocene allowed human civilization to rise? How do you think that 50 degree Celsius temperatures in British Columbia, massive floods, firestorms, deeper and longer droughts (eg western USA) etc, will affect food production? I’d be careful, too, because I sense that many, particularly the young, are beginning to get very, very, angry at the lying and imbecile enemies of Life on Earth, and of their lives in particular.

    • Troll: mulga mumblebrain
    • Replies: @Truth Vigilante
  251. gay troll says:
    @mulga mumblebrain

    To hate your enemy is to let your enemy inside your heart.

  252. @mulga mumblebrain

    You wrote:

    I sense that many, particularly the young, are beginning to get very, very, angry at the lying and imbecile enemies of Life on Earth, and of their lives in particular.

    Yes, absolutely true – the young are only just beginning to get wise to the Anthropogenic Global Warming hoax as one alleged ‘Point_Of_No_Return’ cut off date after another passes without any appreciable change to the world’s climate or the ecosystem.

    Unfortunately, as you rightly imply, the vast majority are still being brainwashed with the Global Warming apocalyptic propaganda in our Zio controlled Public Education system.

    So, be careful Mulga, these youngsters will be coming for the likes of you. ie: people that should have known better but were TOO LAZY to objectively assess the actual science of climate.

    BTW, your leaving a ‘Troll’ comment beneath your very own comment (# 256), did not go unnoticed.
    It’s refreshing to see some candour from you in that regard – it’s long overdue.

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