Western Bankers Have Committed Two Acts of War Against Russia
by Dave Hodges
TheCommonSenseShow.com
17, Dec. 2014
In the past several days, Western bankers have committed two overt acts of war against Russia, namely, the plunging of oil prices and the recent cutting off of all liquidity to Russian banks. This reminds me of the days before World War II in which the United States followed a doctrine called the eight point plan which was designed to provoke Japan into attacking America so Roosevelt could use this as the excuse to get involved in World War II. As Mark Twain once said, “history doesn’t repeat itself, but it sure does rhyme”.
Ditching the Ruble
Has the American public received any reasonable explanation on how oil prices have plummeted at a time of year when they historically spike in order to price gouge holiday travelers? Of course there isn’t going to be any new revelations on this point. Here is the real story behind dropping oil prices.
Zero Hedge first reported that brokers are now advising their clients that any existing Russian Ruble positions will be terminated without any further notice because of concerns related to the lack of Russian “capital controls”. At least that is the excuse that Western banks are using to run from the Ruble. The truth of the matter is that the West has declared war on Russia and its BRICS partners for undermining the Petrodollar.
No Turning Back
Ditching the Ruble marks a shift in Western banking strategy directed at the Russians. This change was necessitated because the West’s scheme to plunge the price of oil is not having an immediate effect on Russian economic actions. Although American consumers are reveling in their recent good fate with regard to the collapse of oil prices which have resulted in cheaper prices at the pump, there are some very dire consequences attached to American consumer’s good fortune.
The price of a barrel of oil is reaching the point where it will not be cost efficient to even ship the oil because to ship the oil is becoming more costly than the middle men transporting agents can make. This will result in an artificial shortage of available gasoline. In the United States, shortages will soon appear and prices will spike to unimaginable levels. This will undoubtedly collapse our fragile economy.
The strategy of dropping oil prices in order to bring the Russians to their knees, will not work says Walker Todd. In a reported conversation with my colleague, Paul Martin, Todd told Martin that the low oil prices will not make Putin immediately blink because of (1) inflation and (2) Putin has a year’s reserve of oil and cash. In other words, the fuse has been lit for World War III. Does anyone think that Putin will allow his reserves to be depleted?
The Rest…HERE
