Monday, April 14, 2014

Public Banksters - Part XI (UPDATE)

In the post below came public bankster and executive director of the Public Banking Institute's Gwen Hallsmith, the failed unregistered lobbyist for a Vermont public bank and the economic guru for the Vermont secessionist political oligarchs, with her sky-is-falling prediction that the U.S. dollar is on the ropes. Well, I thought I'd take a slightly closer look at that doom and gloom prophecy, without using Hallsmith's reliance on anti-Semitic sources; here's what I found:
“Since late January 2013 the ruble is off almost 16 percent against the dollar and 17 percent against the euro,” says Chris Weafer, senior partner at Moscow-based consulting firm, Macro Advisoryw, wrote in e-mail to RT.
And that's from the friggin' Russian television propaganda outlet (previously called Russia Today) RT on January 27 of this year, headlined "‘Mise-Ruble?’ Russia’s currency hits 5-year low". Full piece here.

Now add to that three months of Russian fumbling in Ukraine and today Reuters reports this,
"... the entire development is clearly negative for the market (and raises) renewed fears of another wave of sanctions from the West."

"Russian markets also tumbled. The rouble and Moscow's main stock market were down around 0.7 and 1.5 percent, while the country's key bonds stayed under pressure as the cost of insurance against default increased."
And from Bloomberg News here,
"The ruble slid 0.6 percent against the dollar..."


"Russia’s Micex Index fell 1.4 percent, taking its loss since President Vladimir Putin’s incursion into the Crimea region at the beginning of March to 7 percent.
Gwen never lets real facts get in the way of her economic meme weaving but, as with her Vermont legislative campaign in consort with Vermont's "tiny community" of conspiracy addled seceshers, people know bullshit when they smell it.

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