The World Health Organization (WHO) has signed a deal with T-Systems (a Deutsche Telecom subsidiary) for the production of a global QR system to produce an international vaccine passport. The company noted has already implemented vaccine QR codes for over 60 countries, despite the intense resistance by the people. T-Systems is also responsible for implementing the European Federation Gateway Service (EFGS), and Germany’s COVID warning app, which has been downloaded over 43 million times.
The WHO said further information is coming “soon,” but we already know the implications. This will provide governments with a tool to track and control our movements both domestically and internationally. Even if you have received the COVID shots and booster, you are only one vaccine away from becoming part of “the unvaccinated” population; you will be banished into the shadows of society. France recently repealed four million vaccine passports, halting lives instantaneously. Countries such as Israel and Australia are calling for four or five vaccines. If the people do not push back, the government will have us on a tight leash with full control over our lives.
THE WHO is using this Ukrainian Crisis to now justify “papers please” to use these passports to also “weed out” Russian spies. There might be a lot of people who would actually cheer if Putin invaded Geneva as a threat to the world economy. But why should he do that? This is the decline and fall of the West and all he has to do is cheer on Schwab and the WHO to achieve the end of Western Sovereignty.
We have a very serious problem. I know where the advice to Biden and other world leaders is coming from, as they are telling them to seize all the assets of Putin’s “friends” to put pressure on him — their yachts, bank accounts, houses… everything. It is Bill Browder who was Safra’s partner in Hermitage Capital Management. This is because Putin seized all of the assets of Hermitage Capital Management over the blackmailing of Yeltsin. Putin wanted to question Browder – not kill because he was Safra’s partner. Browder is telling world leaders now to confiscate all Russian assets belonging to who he claims are Oligarchs.
Let me make this very clear. This is a complete abandonment of international law and the absence of any Due Process of Law, which has been the cornerstone of law globally. Due Process is based upon the Bible where the story of Cain & Able. God knows what happened; Cain killed his brother. Nonetheless, he still allows him the right to be heard and explain his side of the issue. That is not only what we have denied in this Ukrainian affair, but now the West will simply seize all the assets of Russians in the West, who are denied any right to Due Process of Law if they are not in government.
What is the Repercussion of Such Acts?
We are not simply looking at World War III beginning in the financial markets with Russian cyberattacks against US banks. This is one SERIOUS warning to Chinese investors that they too can have all their assets seized in a dispute with China. Remember how anyone of Japanese heritage was imprisoned during World War II and denied all Due Process, based solely on their nationality? It took four decades before it was admitted this violated the foundation of human rights.
This is the most DANGEROUS advice in history. It can totally destroy the world economy as we know it. Foreign investment in Russia will be seized, and the prospect of this migrating to China is extremely high. This is crossing the line. You do not go after the assets of private individuals claiming they are holding personal money for Putin. This is now about the legacy of Putin, and he will NOT suddenly stop because his personal assets are confiscated. If anything, this amounts to an act of outright war. These actions will never achieve a reasonable resolution. This I believe is the personal vengeance of Browder because of the seizure of Hermitage Capital Management and the bankers’ failed attempt to take over Russia in 2000.
This will have major implications on all markets, and you should be looking at the arrays carefully. Something was not right, and the arrays were picking this up. It is perhaps why gold failed to elect two important Monthly Bullish Reversals at the end of February when it was trading above them during the month.
The government urged parents to expose their children to an experimental drug with unknown consequences to prevent a virus that has a statistically insignificant death rate for children (and adults). The New York State Department of Health announced that a new study found Pfizer’s vaccination was only 12% effective for children aged 5 to 11.
Pfizer was distributing the same dosage for undeveloped 12-year-olds as it was to fully grown adults at 30 micrograms. Children under 11 only received 10 micrograms of the mRNA vaccine. Pfizer and BioNTech was forced to push back their study on children under the age of 5 after they were forced to admit the vaccine has been ineffective.
The New York State Department of Health chose to release their allegedly new findings the same day that children were finally permitted to attend school without a mask. The fear here is that the powers that be could give us, and our children, a glimpse of freedom only to take it back. “Given rapid loss of protection against infections, these results highlight the continued importance of layered protections, including mask wearing, for children to prevent infection and transmission,” the public health officials wrote in the study.
The FDA is planning a clinical trial on a third booster shot for children. They will market this to the sheep by saying that the first two doses were ineffective, so their child’s life depends on yet another dose. Did you enjoy playing at recess without a mask? Good, now take another higher dosage of a protein-altering medication that is more likely to kill you than the virus itself. The World Health Organization has even admitted that healthy children do not need boosters.
Pfizer, BioNTech, Moderna, the FDA, and anyone peddling these vaccines to children should face class-action lawsuits and serious penalties. This is domestic biowarfare that is targeting the most vulnerable among our population.
Posted originally on the conservative tree house on March 2, 2022 | sundance
This DeceptiCon, this specific one, owned by the multinational corporate conglomerates, is one of the worst in office.
Alaska Senator Lisa Murkowski tells Politico tonight that she is in favor of higher gas prices for Americans if that’s what it takes to punish Vladimir Putin.
…”We’re going to see price increases. Nobody wants to see that. This is going to hurt. But we need to recognize Europe is in the midst of a war w/ Russia. Innocent people are dying. We have not been in as volatile as a situation as anytime in my life.“…
Here we go with the narrative of you being unpatriotic if you are not willing to financially suffer the pain inflicted intentionally by the U.S. government. Not willing to pay $7/gal for gasoline? You’re selfish. Not willing to forego a better life for your family, in order to save Ukraine? You are a horrible person.
However, this narrative is even worse, because the NATO (aligned with World Economic Forum) economic warfare is not only a combination of ideology and corporate influence, but it is also made worse by U.S. government energy policy – which is aligned with the multinational corporations demanding the confrontation. Effen’ FUBAR all the way around.
(Via Politico) – Republican Sen. Lisa Murkowski on Wednesday called for the U.S. to stop imports of Russia oil to punish Moscow for the assault against Ukraine — even if it drives domestic energy prices higher.
Targeting Russian energy is the “most significant” tool left for the U.S. to deploy, the Alaska senator said in an interview, and given President Vladimir Putin’s dependence on oil and gas revenues, it’s “the one that can do the most immediate damage to Russia in halting their efforts.”
“We are going to see price increases,” Murkowski said. “Nobody wants to see that. And this is going to hurt. But we all need to recognize Europe is in the midst of a war with Russia now. Innocent people are dying, children are dying. We have not been in as volatile as a situation as anytime in my life. And so we are looking right now from a very short window.” (read more)
This type of stuff just blows my blood pressure cuff.
QUESTION: You think Putin should win? Why do you support Putin?
SB
ANSWER: Do you really think that Putin should be defeated? What planet are you on? If Putin is defeated in Ukraine, then the entire fate of Russia hangs in the balance. Do you honestly think he would let the collapse of Russia take place? At that point, any animal will attack if its back is against the wall. If Ukraine were to win, the ONLY option for Putin will be to push the red button. Are you drinking the government’s Kool-Aid?
We better pray for a diplomatic solution and the world has to stop cheering Zelensky. He has tried to engulf the entire world. He has been asking for jets from everyone. They are wisely standing aside for if any NATO country sends in troops or jets to Ukraine, it is an all-out war.
Be very careful who you are cheering for. This is not a soccer match or a video game. Zelensky gets billions from all the Russian gas that flows to Europe through Ukraine. He is fighting for revenue. He cut off all the water supply to Crimea while he has been shelling the Donbas. None of this is being reported by the mainstream press. Crimea sits on top of vast gas fields which he wants desperately to compete with Russia.
My fear is that Zelensky has not done the obvious solution to yield the Donbas. If Putin then continued then it is really to regain control of Ukraine because it is critical to Russian gas supplies to Europe. I do not know why Zelensky has thought he could defeat Russia alone. It just makes no sense. Now all of Ukraine is at risk. All we can do is hope for a diplomatic resolution.
Posted originally on the conservative tree house on March 1, 2022 | Sundance
Col Douglas Macgregor appeared for a sit-down interview with Tucker Carlson tonight to discuss the latest developments in the Russia-Ukraine conflict.
So far, Macgregor is the one who has been the most accurate in his assessments when compared to the results on the ground in Ukraine. If what Macgregor outlines in this interview is correct, and there’s no reason to believe it isn’t, then President Putin has been planning this operation for a long time.
As the multinational corporations, multinational banks, collective corporate and political west along with the EU, NATO and media, tell Ukraine to keep fighting, it appears Russia is moving through a methodical plan they have no hope of stopping. This would explain why the Russian convoys are pausing before going hardcore on the cities and population centers. WATCH:
Posted originally on the conservative tree house on March 1, 2022 | Sundance | 387 Comments
There comes a time in every performance of the United Nations production when the arch villain bombs the milk factories. Today, Russian President Vladimir Putin takes his turn.
As we return to our seats from the lobby during commercial interlude, we discover the model U.N. interns have left the blue and yellow ribbons on our seats. We know exactly what segment of the melodrama comes next; the children are suffering.
The well attired gentlemen in the mezzanine know this is the moment when they must position their freshly pressed pocket kerchief for quick access. Heart strings will be pulled, and silk gowns do not fare well as the tears begin to flow. Well educated chivalry, passed down from father to son, has prepared them for this moment. It’s not quite time for the checkbooks yet; first they must feel the sound of the violins.
Surprisingly, Bono and Geldorf have not yet made their appearance. However, with the speed of modern social media, and knowing the technology of our time means we cannot wait, the EU assembly must lay the groundwork for the great American oration that is center stage from the Capitol later tonight.
New York – Ukraine’s president Volodymyr Zelensky urged the EU to “prove you are with us” in a defiant speech on Tuesday.
Mr Zelenesky, who has become a symbol of defiance for his country, issued an impassioned speech via video link, where he called on the EU to stand with Ukraine as Russia continues its deadly advance on the country.
During his speech, Mr Zelensky described the missile strikes on Kharkiv, as an act of terror against the city, and indeed Ukraine.
As he spoke of the country’s fight to defend its “freedom” and land from the Russian invaders, the bloc’s official Ukrainian-English interpreter seemingly becomes emotional as he listened to Mr Zelensky’s defiant speech. Mr Zelensky said: “Without you, Ukraine is going to be lonesome. We have proven our strengths. We are exactly the same as you. (more)
New York II – […] The Ukrainian president’s rallying cry brought members of the European Parliament, many wearing t-shirts emblazoned with #standwithUkraine or wearing blue and yellow rubbons, to their feet.
It also brought the English interpreter to tears, with his voice audibly faltering as he translated the speech, in which Mr Zelensky declared: ‘Nobody is going to break us. We are strong. We are Ukrainians.’
The rousing reception was in stark contrast to scenes over in Geneva, where ambassadors and diplomats staged a mass walkout as Russian foreign minister Sergei Lavrov addressed a UN human rights forum. (read more)
The Russian Monetary System began also with cattle (skot) during the Kievan period. Skins of small animals and precious metals were used as fixed-value exchange rate based upon barter goods. Up until the end of the 12th century, cattle was the unit of account but commerce took place with the skins of small animals. Actually, furs became the common method of payment for they were valued in terms of cattle, but were much easier for transport and divisibility for small transactions. This made small furs much more suitable for money and they were also an important item of export. Written sources began to speak of such units of payment as kuna (marten’s fur, from kunitsa, a marten), belka or veksha (squirrel), veveritsa (ermine) and nogata (fur with legs, from Arabic nagd, a good or full-value coin), and also of pieces of fur (resana), muzzle furs (mordka) and paw furs (lapka).
The word for silver was “serebro” which became more and more common to denote money as trade with the Byzantine world increased. The Old Russian words kuna and nogata, come from the old “fur money” or “leather money,” thereby retaining their meaning as metal money began to emerge. The names continued in use even though the money began to change to metals given the trade with the Byzantine world. The Rus relied upon foreign produced money. Both Byzantine silver coins and the silver dirhems of the Arab Caliphate are found in Ukraine and parts of Russia confirming trade existed.
It is clear that there was a change from “fur money” to silver and the oldest Russian unit of value was the “grivna”, which was based on the Arab coinage system. We begin to find only from the 10th century onwards that local coinage began to be struck and once this took place, then coins became the actual unit of payment in markets. This enabled the expansion of the economy and really the rise of Russia out of the barter age. The “grivna” became both a unit of account an money by weight. Its value equaled to that of 96 gold dinars (s[o]lotniki) or 144 silver dirhems (s[e]rebreniki).
The ruble has been the Russian unit of currency for about 500 years. It was The monetary reform system instituted by Peter the Great (b 1672;1682-1725) that was a century ahead of most others in that it was based on the decimal system. The basic monetary unit, first coined in 1704, was the silver ruble of 100 kopecks. Other silver coinage consisted of the poltina (one-half ruble), polupoltina (one-fourth ruble), grivennik (ten kopecks), altyn (three kopecks) and kopeck. There were two copper sub-multiples of the kopeck: den’ga (one-half kopeck) and polushka (one-fourth kopeck); and three gold multiples of the ruble: double ruble, chervonets or “ducat” (about 2 and one-half rubles), and dvoinoi chervonets (double chervonets). Unfortunately, Peter’s profligate expenditures steadily eroded most of the value of this otherwise admirable currency. Still, Peter’s reforms made a lasting impact on Russia and many institutions of Russian government traced their origins to his reign.
The amount of precious metal in a ruble varied over time. In a 1704 currency reform, Peter the Great standardized the ruble to 28 grams of silver. While ruble coins were silver, there were higher denominations minted of gold and platinum. By the end of the 18th century, the ruble was set to 4 zolotnik 21 dolya (almost exactly equal to 18 grams) of pure silver or 27 dolya (almost exactly equal to 1.2 grams) of pure gold, with a ratio of 15:1 for the values of the two metals.
In 1817, the ruble was reduced from .986 find gold to .917. This would be further reduced to .900 by Alexander III in 1886. The gold 5 ruble weighed .1929 oz. This was actually nearly the same net weight of the 1802 issue at .986 finess with a net weight of .1928 oz.
In 1825, platinum coins were introduced with 1 ruble equal to 77⅔ dolya (3.451 grams). The denominations were 3, 6, and 12 rubles.
On December 17th, 1885, a new standard was adopted which did not change the silver ruble but reduced the gold content to 1.161 grams, pegging the gold ruble to the French franc at a rate of 1 ruble = 4 francs.
This rate was revised in 1897 to 1 ruble = 2⅔ francs (0.774 grams gold). A 15 ruble gold coin was issued with a weight of .3734 oz. Effectively, this was a revaluation whereas the coin was the same weight as the 10 ruble, wihch had been issued since 1886. The 5 ruble weighing .1867 of an oz under Alexander III from 1886 had been reduced to .1244 oz.
The ruble was worth about .50 USD in 1914.
With the outbreak of World War I, the gold standard peg was dropped and the ruble fell in value, suffering from hyperinflation in the early 1920s. With the founding of the Soviet Union in 1922, the Russian ruble was replaced by the Soviet ruble. The pre-revolutionary Chervonetz was temporarily brought back into circulation from 1922-1925
Before November 1, 1990, the dollar cost 63 kopecks, but there was no opportunity to buy it at such a rate. November 1 of the year 1990 established a commercial rate of 1.8 rubles per dollar. The first trading session was opened on April 9, 1991, in one of the premises of the USSR State Bank, where a blackboard had providently been brought in order to record deals. Following the only concluded transaction (for 50 thousand cashless dollars) the ruble was for the first time ever rated commercially. The real exchange rate of the US dollar against the ruble made up 32.35 rubles per dollar. By the end of the year one dollar was estimated at 169.20 rubles under inflation of about 160% (the percentage is very approximate, as there is no accurate statistics). Prices were set free, people felt lack of products in shops, the USSR collapsed but the Russian Federation hadn’t been formed yet. This period turned to be the time of troubles for former Soviet people.
At the same time stock exchanges entered the market, though the process of their formation was quite spontaneous. The first Russian Exchange was registered in May of 1990 and was called Moscow Commodity Exchange. November 21, 1990, Moscow Central Stock Exchange was the second on the list. The first valuable securities trading session in the USSR was held only several months later.
In general by the end of 1991 Russia registered 182 commodity and stock exchanges. The RF left behind the whole planet by number of exchanges and variety of concluded transactions. That time Russian exchanges used to trade any possible commodities and security papers. When the Soviet supply system wrecked, exchanges took on a role as middlemen. The majority of goods were in deficit, even money: the president of the State Bank complained in his secret letter to M.S. Gorbachev that the Finance department failed to mint enough money to keep pace with inflation.
New Russian exchanges traded wood, sugar, paper, building materials, cars, computers and even bread! Very soon Russia numbered over 1000 exchanges, though most of them couldn’t be called traditional stock structures, as essentially they operated as trade fairs.
First rare bidders had to face an absolute lack of legislation regulating trading sessions and transactions. One of the most intrinsic legislative initiatives of 1990 happened to be the Commodity Exchange Activity Resolution of the RSFSR Cabinet Council. The resolution maintained the order of exchanges’ registration and heir functions. The distinctive feature of laws passed then is their laconism. The most significant laws regulating the stock market appeared in December of 1991.
Despite the chaos ruling the market after the USSR collapse, there had already existed companies, which later came to prominence. It’s hard to define the field of their activity then, but it is known that January 18, 1991, the today’s Russian leading investment company Troika Dialog was founded, and in 1991 the information agency AK&M was established.
Princes of Novgorod
Rurik (b ?-879; 862-879) Oleg of Novgorod (regent) (b ?-912)
Grand Princes of Kiev
Askold and Dir (non-Rurikids) (b ?-882; 842/862-882) Oleg of Novgorod (regent) (b ?-912) Igor I (b ?-945; 913-945) Saint Olga of Kiev (regent) (b ?-969) Sviatoslav I the Great (b 942–972; 962-972) Yaropolk I (b 958/960–980; 972-980) Saint Vladimir I the Great (b 958–1015; 978-1015) Sviatopolk I the Accursed (b 980–1019; 1015-1016) Yaroslav I the Wise (b 978–1054; 1016-1018) Sviatopolk I the Accursed (b 980–1019; 1018-1019) Yaroslav I the Wise (b 978–1054; 1019-1054) Iziaslav I (b 1024–1078; 1054-1068) Vseslav of Polotsk (b 1039–1101; 1068-1069) Iziaslav I (b 1024–1078; 1069-1073) Sviatoslav II (b 1027–1076; 1073-1076) Vsevolod I (b 1030–1093; 1077-1077) Iziaslav I (b 1024–1078; 1077-1078) Vsevolod I (b 1030–1093; 1078-1093) Sviatopolk II (b 1050–1113; 1093-1113) Vladimir II Monomakh (b 1053–1125; 1113-1125) Mstislav the Great (b 1076–1132; 1125-1132) Yaropolk II (b 1082–1139; 1132-1139) Viacheslav I (b 1083/2-1154; 1139-1139) Vsevolod II (b ?-1146; 1139-1146) Igor II (b ?-1146; 1146-1146) Iziaslav II Panteleimon (b 1097–1154; 1146-1149) Yuri I the Long Arms (b 1099–1157; 1149-1150) Viacheslav I (b 1083/2-1154; 1150-1150) Iziaslav II Panteleimon (b 1097–1154; 1150-1150) Yuri I the Long Arms (b 1099–1157; 1150-1151) Iziaslav II Panteleimon (b 1097–1154; 1151-1154) Viacheslav I (b 1083/2; 1151-1154) Rostislav I (b 1110–1167; 1154-1155) Iziaslav III (b ?-1162; 1155-1155) Yuri I the Long Arms (b 1099–1157; 1155-May 15, 1157) Iziaslav III (b ?-1162; May 1157-December 1158) Mstislav II (b 1125–1170; December 1158-Spring 1159) Rostislav I (b 1110–1167; April 1159-February 1161) Iziaslav III (b ?-1162; February 1161-March 1161) Rostislav I (b 1110–1167; March 1161-March 1167) Vladimir III (b 1132–1173; Spring 1167-Spring 1167) Mstislav II (b 1125–1170; May 1167-March 1169)
Grand Princes of Vladimir
Saint Andrei I Bogolyubsky (b 1110–1174; May 1157-June 1174) Mikhail I (b ?-1176; 1174 September 1174) Yaropolk (b ?-after 1196; 1174-June 1175) Mikhail I (b ?-1176; June 1175-June 1176) Vsevolod III the Big Nest (b 1154–1212; June 1176-April 1212) Yuri II (1189–1238; 1212-April 1216) Konstantin of Rostov (b 1186–1218; Spring 1216-February 1218) Yuri II (b 1189–1238; February 1218-March 1238) Yaroslav II (b 1191–1238; 1238-September 1246) Sviatoslav III (b 1196–1252; 1246 1248) Mikhail Khorobrit (b 1229–1248; 1248-January 15, 1248) Sviatoslav III (b 1196–1252; 1248-1249) Andrey II (b 1221–1264; December 1249-July 1252) Saint Alexander I Nevsky (b 1220–1263; 1252-November 1263) Yaroslav III (b 1230–1272; 1264-1271) Vasily of Kostroma (b 1241–1276; 1272-January 1277) Dmitry of Pereslavl (b 1250–1294; 1277-1281) Andrey III (b 1255–1304; 1281-December 1283) Dmitry of Pereslavl (b 1250–1294; December 1283-1293) Andrey III (b 1255–1304; 1293-1304) Saint Michael of Tver (b 1271–1318; 1304-November 1318) Yuri (III) of Moscow (b 1281–1325; 1318-November 1322) Dmitry I the Terrible Eyes (b 1299–1326; 1322-September 1326) Alexander of Tver (b 1281–1339; 1326-1327) Alexander of Suzdal (b ?–1331; 1327-1328) Ivan I of Moscow Kalita (b 1288–1340; 1328-March 1340)
Grand Princes of Moscow
Ivan I Kalita (b 1288; November 1325-March 1340)
Simeon the Proud (b 1316; 1340-1353)
Ivan II the Handsome (b 1326; April 1353-November 1359)
Saint Dmitry I Donskoy (b 1350; November 1359- May 1389)
Vasily I (b December 1371; May 1389-February 1425)
Vasily II the Blind (b 1415; February 1425-March 1462)
Ivan III the Great (b 1440; April 1462-November 1505) Vasily III (b 1479; November 1505-December 1533)
House of Rurikovich
Ivan IV the Terrible (b 1530; January 1547-March 1584)
Feodor I (b 1557; March 1584-January 1598)
House of Godunov
Irina (disputed) (b 1557?; Feodor I’s daughter January 7-15, 1598; d October 1603)
Boris I (b 1551?; February 1598-April 1605)
Feodor II (b 1589; April 1605-June 1605)
Pseudo-Rurikovich usurpers
False Dmitry I (Grigory Bogdanovich Otrepyev) (b 1581?; June 1605-May 1606)
False Dmitry II (b. 1582?; July 1607-December 1610)
False Dmitry III (Sidorka) (b ?; March 1611-May 1612)
House of Shuysky
Vasiliy IV (b 1552; May 1606-July 1610)
House of Vasa
Vladislav I (b 1595; September 1610-November 1612 (deposed))
House of Romanov
Michael I (b 1596; July 1613-July 1645)
Alexis I the Quietest (b 1629; July 1645-January 1676)
Feodor III (b 1661; January 1676-May 1682)
Sophia (regent) (b September 1657; May 1682-August 1689; d July 1704)
Ivan V jointly with Peter I (b September 1666; June 1682-February 1696)
Emperors of Russia
(Also Grand Princes of Finland from 1809 until 1917; and Kings of Poland from 1815 until 1917)
Peter I the Great (b June 1672; with Ivan V 1682–1696; June 1682-November 1721; February 1725, St. Petersburg, Russian Empire)
Catherine I (b April 1684; February 1725-May 1727)
Peter II (b 1715; May 1727-January 1730)
Anna (b 1693; February 1730-October 1740)
Ivan VI (disputed) (b 1740; October 1740-December 1741; murdered July 1764)
Shlisselburg, Russian Empire
Elizabeth (b 1709; December 1741-January 1762)
Peter III (b 1728; January 1762-July 1762 (murdered))
Catherine II the Great (b 1729; July 1762-November 1796)
Paul I (b 1754; November 1796-March 1801 (assassinated))
Alexander I the Blessed (b 1777; March 1801-December 1825)
Constantine I (disputed) (b 1779; December 1-26, 1825) d June 27, 1831)
Nicholas I (b 1796; December 1825-March 1855)
Alexander II the Liberator (b 1818; March 1855-March 1881 (assassinated))
Alexander III the Peace-Maker (b 1845; March 1881-November 1894)
Saint Nicholas II (b 1868; November 1894-March 1917; July 17, 1918 (executed))
Michael II (disputed) (b 1878; March 15-16 March 1917; June 12, 1918 (murdered))
(Image of Americans lining up to withdraw cash during the Great Depression)
The Central Bank of the Russian Federation is speaking carefully and confidentally to prevent an official bank run. “In recent days, the demand for cash has grown. To meet the increased demand, the Bank of Russia increased the issuance of cash to banks, and replenishment of ATMs will continue this weekend,” the bank announced the day after the war began. Historically, people have withdrawn their cash during times of war and political uncertainty. Human nature remains the same no matter what time period or country we view. We hoard wealth we when are fearful of the future, and when everyone rushes to the banks to withdraw their money they soon realize that there is not some safe inside the bank neatly stacking their money. The liquidity simply does not exist.
Russia’s central bank is also providing financial support to all sanctioned banks. “Banks will perform all ruble operations and provide relevant services to all customers as normal. All customer funds in foreign currency will be preserved and may be withdrawn in the currency of account. The Bank of Russia is prepared to provide banks with financial support in rubles and foreign currency,” the press release stated. “Banks remain highly resilient and have great potential to develop lending to the Russian economy. The balance sheet of each bank is predominantly (over 80%) denominated in rubles. Foreign currency loans have been granted mainly to solvent Russian companies that will continue to service them.” The Kremlin likely factored sanctions into their war plan, but it remains to be seen if they underestimated the impact those sanctions would have on their overall economy.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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