Vlad loses patience.Karma coming for the UK and unfriendly EU countries.

[ClaretinBudapest]

Not only are BFC in for a financial shock next season-the EU and the UK are also in for the recession of a lifetime.
Interesting video by Gonzalo Lira who is a US/Chile dual citizen living in Kharkov,Ukraine.He is a novelist,film maker and financial blogger.He was abducted and interrogated by the SBU for a week in April for posting videos that were critical of the Zelensky regime.

[Norder]

.

it's been coming for some time - Buda....many folk are amazed it didn't come earlier, but the bubble can't just burst with them blowing into it, they need a Scapegoat, some excuse to win over the people, deflect the blame (Convid/War etc) and give them the power to readjust with them at the helm ...but anyhow, Carney (BOE) reminded us of it's coming back in mid 2020 - it'll be the worst recession in 300 years"....and Never forget


All Wars, are Bankers Wars





We - are Not Obligated To Feed Them, Or Fight For Them !!!

[ClaretinBudapest]

[QUOTE=Norder;40035502].



it's been coming for some time - Buda....many folk are amazed it didn't come earlier, but the bubble can't just burst with them blowing into it, they need a Scapegoat, some excuse to win over the people, deflect the blame (Convid/War etc) and give them the power to readjust with them at the helm ...but anyhow, Carney (BOE) reminded us of it's coming back in mid 2020 - it'll be the worst recession in 300 years"....and Never forget

It is looking increasingly like these sanctions were probably intended to bring about The Great Reset in Europe because they have had little or no effect on Russia.In fact you could argue that it has strengthened their economy meanwhile we are looking at an unprecedented recession. The Economist this week:-

Russia defies predictions of collapse
Oil revenue contributed to “surprisingly resilient” economy, says the British weekly The Economist

The Russian economy has largely shrugged off “unprecedented sanctions” from the West, The Economist noted, crediting the sharp rise in revenues from oil and gas exports. Russian consumer spending is up again, interest rates are going down, and the ruble is stronger than before the conflict in Ukraine escalated.

“Russia’s economy is back on its feet,” the British weekly pointed out on Friday, adding that it was “defying predictions of collapse” as a result of embargoes imposed by the US and its allies.

The ruble is now “as valuable” as before, says The Economist, on account of “capital controls and high interest rates.” As of Friday, the Russian currency was actually stronger than before the conflict – 65.8 to the US dollar, compared to 81 on February 23. Russia is also continuing to pay its foreign-currency bonds, despite US and UK attempts to force it into a default.

Russians are spending “fairly freely” on cafés, bars and restaurants once again, according to numbers from Sberbank, Russia’s largest bank. The Russian central bank lowered the key interest rate from 17% to 14% in late April. Predictions that Russia’s GDP will decline up to 15% this year are “starting to look pessimistic,” notes The Economist.

Sanctions announced by the US and its allies after Moscow sent troops into Ukraine were intended to “degrade [Russia’s] industrial capacity for years to come,” according to US president Joe Biden’s words. Biden also vowed to “take robust action to make sure the pain of our sanctions is targeted at the Russian economy, not ours.”

Since then, the US has registered the highest annualized inflation increase since 1981, a quarter of negative GDP, and skyrocketing gas prices – which Biden blamed on Russian President Vladimir Putin.

Meanwhile, according to The Economist, Russia has exported at least $65 billion worth of oil and gas, with government revenues from hydrocarbons rising over 80% year-on-year in the first quarter of 2022.

[outwoodclaret]

Mahatma Gandhi once said “Remember that all through history there have been tyrants and murderers and, for a time, they seem invincible but, in the end, they always fall, always.” I cannot fault Putin in his zeal for exterminating Nazis in Ukraine. He has bombed the hospitals where they are born, the schools where they are educated, the theatres where they absorb their Nazi culture and the shopping malls where they buy their Nazi uniforms. Surely in the goodness of time the good people of Ukraine will erect a statue to their Liberator.

[Balanbam00]

So why doesn’t global capitalism go the same way as communism and join all other useless systems of the past in the junk yard of history?
In 1987 P.R Sarkar gave his landmark discourse on Economic Dynamics, wherein he foresaw “the inevitable downfall of both capitalism and communism.” Later that night he was asked how long it would take for that to happen. Sarkar replied that the fall of communism was at hand, whereas the fall of capitalism would take just a little longer. He remarked that capitalism was a much older and therefore more entrenched system than communism. Sarkar also touched on the factors outlined above, that the capitalism of today is better equipped to handle a deep crisis than it was back in 1929.

Sarkar then made an undulating motion with his hand indicating several ups-and-downs, and commented that the fate of capitalism would vacillate like that for some time, until at one point, he said, “it will go down and only down and so far down that no one will see where capitalism went and it will never return.”
-An excerpt from PROUT Globe.

[Robus]

Capitalism is not a system. It's just what happens where there is no overbearing state or other authority to get between producers and consumers. Markets will form, people will interact to mutual advantage, successful producers will grow by driving down costs. It will never go away unless you abolish all freedom. Even under communism, it survived in many forms.

PS: Was he any relation to Ash?

[ClaretinBudapest]

Mahatma Gandhi once said “Remember that all through history there have been tyrants and murderers and, for a time, they seem invincible but, in the end, they always fall, always.” I cannot fault Putin in his zeal for exterminating Nazis in Ukraine. He has bombed the hospitals where they are born, the schools where they are educated, the theatres where they absorb their Nazi culture and the shopping malls where they buy their Nazi uniforms. Surely in the goodness of time the good people of Ukraine will erect a statue to their Liberator.

The Ukrainian army should stop using schools,aprtments and hospitals as barracks or human shields Outwood.In must admit they are using their new toys to good effect though.They have been using their western supplied 155mm howitzers and cluster munitions to target Donetsk city.They dont even pretend to be firing at military targets.

You wont here much about it though because Germany for instance is threatening and giving jail sentences for journalists reporting the truth about Ukrainian war crimes :-

[The Bedlington Terrier]

Looks like another political whack job to me. Paranoid and dangerous...

https://www.taipeitimes.com/News/fro.../19/2003782009

[ClaretinBudapest]

Looks like another political whack job to me. Paranoid and dangerous...

https://www.taipeitimes.com/News/fro.../19/2003782009

Despite all the Western rhetoric BT they are losing the war badly.They have admitted to casualties around the 100.000 mark just last week.
The reason they are sacking all these people is because some of their corrupt officials sold a complete HIMARS system with ammunition to the Russians-that is about $10m worth of kit for $800k for the launcher and $300k for the munitions.You wont be told about that on the BBC either but UK and US taxpayers need informing about where your taxes are going!
No doubt it is now being taken apart by the Russians and counter measures being devised to nullify its effect.They have also destroyed another 3 of the 8 according to reports.
Remember the propaganda about the Russians are losing,they are running out of munitions back in April, their morale is low,they have no chips for their rockets etc.60.000 artillery shells/day on average they are firing compaired to 5000-6000 from the Ukrainians.It is a war they cannot win and every military tactician knows:-

[outwoodclaret]

One of the joys of this message board is the quality of debate between people who profoundly disagree with one another. You need only look at the comments on a typical BBC Have Your Say to plumb the depths of banality. Viktor Orban is an accomplished politician who appeals directly to that strong independent streak in Hungarians and that gives him the platform to win decisive election victories. He thumbs his nose at the EU and their rule book. For now Hungary remains within the EU but pretty soon the EU will ditch vetos in favour of majority decisions. At that point Hungary will probably have to decide whether they stay in the EU or like the UK decide enough is enough. Where does the ever closer integration of European peoples end if not in the total loss of self determination?

I draw a clear distinction between Orban and Vladimir Putin. The latter is a KGB trained street thug and assassin. There is no rule book in Russia only Putin’s rule. His war in Ukraine was never a special military operation to destroy Nazis but a planned invasion to eradicate a nation he does not believe has a right to exist. He will take it piece by piece installing his Gauleiters in occupied territories to run rigged plebiscites while they plunder Ukraine’s resources. Ritter says Russia will win so better to surrender now and save lives. What a prick! Who in their right mind would willingingly hand themselves over to a murderer, butcher and thief?