Putin, it would seem, has decided to invade Ukraine as an attempt to
prevent the expansion of NATO into the Russian borders. This has been an
increasing threat to Russian security according to the Russian
President since a Ukrainian government was formed in the aftermath of a
2014 Obama-backed coup.
When Russia invaded Ukraine’s Crimea region, Western nations
responded with sanctions aimed at making it more difficult for Russia to
transact in the U.S.-dominated global financial system, therefore Putin
would have been aware that the response to the invasion of Ukraine,
would be predictably the same economic sanctions.
Could this be a Strategic plan from Putin who would have known the exact outcome of his actions?
The Background
We are now coming to the close of a financial era that commenced in
August 1971, which is that of the “Fiat money,” according to former Bertrand Badré chief financial officer (CFO) of the World Bank.
In 1971 President Richard Nixon suspended the convertibility of the US dollar into gold (source). This in effect ended the 25-year Bretton Woods era
agreement and System which had created a collective international
currency exchange regime that had been in place since the 1940s. The
system required a currency peg to the U.S. dollar so fixed the dollar
price to gold (source).
LIVING BEYOND OUR MEANS
The dollar was now free from the gold standard and floated against
other major currencies, relieving the pressure on the global major reserve currency
and was to unleash a 40-year period of leveraged debt finance, bringing
with it a perceived global prosperity and higher living standards for
millions of people.
It was also accompanied by bouts of inflation and crashing asset
bubbles and now that the discipline to use that responsibility carefully
was gone countries began living beyond their means (UK) Unsustainable Debt) (Global debt soars to 356% of GDP).
The debt-based monetary system has an interest rate attached to your
money, meaning the debt continues to increase at massively higher rates
than the real money increases and according to financial expert John
Titus, this results in “periodic bloodlettings.
Foreign Secretary Liz Truss has said the UK must accelerate NATO's
modernisation and deepen cooperation on tech and cyber, with a view to
ending the "strategic dependence on authoritarian regimes for our energy
and for other vital resources."
She added that Russian President
Vladimir Putin had been “surprised” by the “toughness” of sanctions
levelled against his regime.
Speaking at a press conference with
US Secretary of State, Antony Blinken, in Washington, she said: “Putin’s
illegal invasion of Ukraine is causing immense pain and suffering. Yet
he is not making the progress he planned.
“Since the build-up on
the border, the United Kingdom and the United States have led work in
the G7 and through Nato to challenge Putin’s aggression.
“Before
the invasion, the United States and the UK called out his playbook of
false flags, attempts to install a puppet regime in Kyiv, of fake
provocations. We worked with our G7 allies to warn that he would face
severe costs and a determined Ukrainian people.
“We have surprised
Putin with our unity and the toughness of our sanctions, hitting the
banks, the ships, the planes, the oligarchs, and the oil and gas
revenues. And the brave Ukrainian people have surprised him with their
determination and their leadership.
“Now is not the time to let up. Putin must fail.”
Editor's note: Fine rhetoric from Ms Truss but it would have been more credible if she had mentioned where the thinks to oil needed to fuel the UK economy might be sources if not from tyrannical regimes like Russia, Saudi Arabia, United Arab Emirates, Venezuela, Syria and other oil producing nations with regimes that fall a long way short of being squeaky clean.
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