Category Russia’s Swift removal doesn’t hurt them

Aug 29 2023

Russian Lives Matter


Armstrong Economics Blog/War Re-Posted Aug 29, 2023 by Martin Armstrong

The most influential aspect of Black Lives Matter is its name choice. Of course, black lives matter, but the messaging behind the movement itself was pure corruption and controlled civil unrest by the left. It was seen as racist to say that ALL lives matter because the focus was only on Black Americans. Then the police tried to use the term Blue Lives Matter, fueling the animosity.  The phrase has caught on, and a Danish director has come under fire for saying “Russian lives matter.”

Lars von Trier risks cancellation after commenting on a social media post featuring Denmark’s latest donation to Ukraine of extremely lethal F-16 fighter jets. “Russian lives matter also!” he stated on the Instagram post. He said his post was for Mr. Zelensky and Mr. Putin, and not least Mrs. Frederiksen (who yesterday, like someone head over heels in love, posed in the cockpit of one of the scariest killing machines of our time, grinning from ear to ear). “Russian lives matter also! Best regards, Lars.”

Ukrainian media outlets turned the post into a story of hatred. Oleksiy Danilov, the head of Ukraine’s National Security and Defense Council, even weighed in on the situation: “The choice between the executioner and the victim becomes a tragedy when the artist chooses the side of the executioner. Ukraine doesn’t live in abstraction, but in a cruel reality in which Russians are murderers. A simple piece of advice for a famous director: imagine that it is a Russian missile that is flying into his city every day, that his father or mother was killed, his grandson was taken to Russia, and that a Russian looter raped his wife before burning down his house. In this case, the abstraction of hypocritical ‘humanism’ takes on completely different features – real, not fictional life.”

This is how wars are waged as the enemy must be dehumanized. As Danilov said, the reality Ukraine wants to portray is a “cruel reality in which Russians are murderers.” So every single person, old and young, in a large country is a ruthless murderer? This is akin to how the terrorist groups in Afghanistan painted all Americans as bloodthirsty killers. It is the same story repeated throughout history – villainize the enemy and cheer his last breath. Human nature is the same wherever you go. Fact: the majority of Russians simply want peace and are not Prigozhin clones plotting on Ukraine’s downfall.

“I was just stating the obvious: that all lives in this world matter! A forgotten phrase it seems, from a time when pacifism was a virtue,” the filmmaker replied, later mentioning he had no idea the trouble his comments would cause. But sure, cheer the image of the F-16 jet designed for mass murder of fellow human beings.

Aug 18 2023

Stunningly Low Prices – A Visit to an Average Russian Supermarket


Posted originally on the CTH on August 17, 2023 | Sundance 

I wouldn’t normally write a post like this, but WE ARE NOT going to find this level of ground reporting anywhere in U.S. media.   As you might be aware, I have been doing extensive research on the Russian economy specifically with the outcome of western sanctions.

In his video a Youtuber I follow visited a local supermarket, similar to a WalMart Super Center to share information for his USA followers.

Dima Dear, a remarkably nice young man, lives in St Petersburg, Russia (formerly Leningrad), and he shares various experiences with his audience at their request.  There is a lot of U.S interest as people following his story are starting to realize life in Russia is not what western media portray.

If you are familiar with USA grocery prices, what Dima shares in this ground report is stunning from a U.S. perspective.  If you watch this livestream, keep in mind that 100 rubles equals $1.00.  350 rubles is $3.50.  Additionally for weighted products 1kg equals 2.2 lbs.   So generally speaking, if something is 100 rubles/kg it is $1 for two pounds.

Example from the video:

•Lean ground beef at 329 rubles/kg is less than $1.65/lb.
•Bacon at 250 rubles/kg is less than $1.25/lb.
•20 eggs are 139 rubles or $1.39.
•Boneless skinless chicken breast $4 for 4lbs.
•Typical Bagged salad mixes .79¢ each. etc.

The wild part is that in Russia they are getting worried these prices are too high.  

The average rent for a nicely furnished 2-bedroom modern apartment in St Pete Russia is around $500/month.  Something akin to downtown Manhattan. Including rent, utilities, food, transportation, personal items and purchases, a Russian citizen can live very comfortably, remarkably comfortably, on an income of around $1,200 to $1,500/month.  In downtown St Pete which is considered a more expensive place to live.

Put that into a USA middle-class perspective and evaluate the impact of western sanctions against the average Russian cost of living.

100 rubles = $1.00

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Jul 13 2023

UN Proposes Easing SWIFT Sanctions in Exchange for Russian Black Sea Grain Export


Posted originally on the CTH on July 12, 2023 | Sundance 

The sanctions levied against Russia by the collective West have essentially failed.  There is inconvenience within Russia amid ordinary citizens for global and economic transactions, but most of the govt transactions have continued.

On the opposite side of the consequence coin, absent the ability to purchase consumer goods on the global market, Russian domestic consumer independence has grown dramatically.  There is more stuff being made and created inside Russia, for Russians to purchase, than ever before.

I cannot see how the Russian GDP doesn’t benefit from this in the long-term.

Then again, I don’t buy the official Western narrative about the “horrible” life inside Russia, because I talk to ordinary middle class Russians who seem to have found a way to organize life without too much disturbance.

Russia is actually a case study in the elimination of imports and the economic outcomes therein.

It doesn’t suck to be a consumer; average Russians are doing fine, and it seems to get better over time.  Ironically, give them a few more years of Western sanctions, and Russia could be a manufacturing powerhouse.  Russia is a big country with a lot of raw material resources.

UNITED NATIONS, July 12 (Reuters) – U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend a deal allowing the safe Black Sea export of grain from Ukraine in return for connecting a subsidiary of Russia’s agricultural bank to the SWIFT international payment system, sources told Reuters.

Russia has threatened to ditch the grain deal, which expires on Monday, because several demands to dispatch its own grain and fertilizer abroad have not been met. The last two ships traveling under the Black Sea agreement are currently loading cargoes at the Ukrainian port of Odesa ahead of the deadline.

A key demand by Moscow is the reconnection of the Russian agricultural bank Rosselkhozbank to the SWIFT international payment network. It was cut off by the European Union in June 2022 over Russia’s invasion of Ukraine. An EU spokesperson said in May the EU was not considering reinstating Russian banks.

However, the EU is considering connecting to SWIFT a subsidiary of Rosselkhozbank to allow specifically for grain and fertilizer transactions, three sources familiar with discussions told Reuters on Wednesday. The European Commission did not immediately respond to a request for comment. (read more)

Zelenskyy is the Bud Light of the NATO summit. 😂