The West’s Russia Sanctions Show Why States Want to Weaponize the Financial System
In the past month, Western nations have allied to wage an economic and technological war against the Russian government and key Russian institutions.
In the past month, Western nations have allied to wage an economic and technological war against the Russian government and key Russian institutions.
By now it should become obvious to observers that the decision to cancel historical figures in the West is driven by anti-white animus. The legacies of historical figures like Christopher Columbus and Thomas Jefferson can’t be discussed without activists arguing that they were problematic characters. Such figures are not judged as products of their time but rather as villains who are unworthy of forgiveness. Neither are we allowed to appreciate the achievements of personalities tainted as villains by woke activists.
The Fed has finally raised its benchmark interest rate in order to fight (price) inflation.
If this strategy makes sense, it’s reasonable to ask: Are low interest rates the cause of currency debasement?
Some US policymakers and pundits are declaring that Russia—and its population—are cut off from the rest of the world.
This Wednesday, Federal Reserve Chair Jerome Powell will address the world to likely announce the raising of interest rates. With the first rate hike in several years and the promise to reduce the balance sheet later this year, the stage for 2022 will be set. Also tomorrow, per CNN:
…Moscow needs to hand over $117 million in interest payments on dollar-denominated government bonds…
Russia owes foreign creditors in US Dollars, yet at the same time:
For understanding our modern monetary troubles, Nik Bhatia’s pamphlet-sized book from last year hits exactly the right intersection between money and banking, between the past and the future. Clocking in at around 150 pages of easy prose, it’s accessible but not dumbed down, revealing but not inaccurate. It has a simple framework that Bhatia explains and explores with great expertise.
Max Weber, citing Leon Trotsky at Brest-Litovsk, bluntly stated that “every state is founded on violence.” The imaginative theories that have been at times employed to justify the state violence do not fall under the scope of this article.