Russian Ruble Collapses – Conspiracy Or Warning of Things To Come
by Martin Armstrong
ArmstrongEconomics.com
December 16, 2014
The anti-dollar contingent around the world who have preached that since Russia already trades its own currencies independently from the dollar and China has been trying to make the same move, are spinning the blogs claiming this is a “Zionist banker” conspiracy and this proves that all nations are tired of debt making Zionist banking. Well aside from the prejudice, this is not about merely debt and banking. I warned in the Greatest Bull Market that during a massive Sovereign Debt Crisis, there is nothing that remains standing. This is a complete control-alt-delete.
There was nothing that survived during the Great Depression from stocks, bonds, commodities, tangible assets, to currencies. This is what we are facing. The complete meltdown of the world economy thanks to the convergence of many factors. Just about anything that can go wrong is going wrong and the end game is not looking pretty. As we can see from this chart of the bond market, while Andrew Mellon first bragged when the stock market crashed “gentlemen buy bonds”, those who ran into the bond markets either were left with nothing as sovereign debt defaulted, or their US bonds were suddenly devalued by FDR and the gold redemption clauses were reneged upon.
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