Russia Won’t Sit Still for Additional U.S. Sanctions

Re-Blogged From Stratfor

Highlights

  • Washington will increase pressure on Moscow in 2018 through a series of expanded sanctions aimed at Russia’s financial stability, elites, reputation and defense industry.
  • Russia will weather the increased pressure by further insulating its economy, oligarchs and companies, placing additional responsibility for the country’s stability on the Kremlin.
  • The Russian government can maintain its position next year, though its resources are growing slim and the Kremlin faces a pivotal series of elections. 

Russia has begun insulating its economy from additional U.S. sanctions.

(MARK KOLBE/Getty Images)

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2007 All Over Again, Part 7: Borrowers Start Scamming Desperate Lenders

By John Rubino – Re-Blogged From Dollar Collapse

One of the hallmarks of late-stage bubbles is a shift of power from lenders to borrowers. As asset prices soar and interest rates plunge it becomes harder to generate a decent yield on bonds and other fixed income securities, so people with money to lend (like pension funds and bond mutual funds) are forced to accept ever-less-favorable and therefore far-more-risky terms.

Recall the liar loans that were popular towards the end of the 2000s housing bubble and you get the idea. Lenders were so desperate for paper to feed the securitization machine that they literally stopped asking mortgage borrowers to prove that they could cover the interest.

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Interview with István Markó

By Breitbart – Re-Blogged From http://www.WattsUpWithThat.com

István Markó (1956 – 2017) was a professor and researcher in organic chemistry at the Université catholique de Louvain. Prof. Dr. Marko was an outspoken defender of the skeptical view on the issue of human-caused/anthropogenic global warming, appearing in numerous French-language media on the Internet, in public debates and diverse English-language blog postings. He also joined with Anglo-Saxon climate skeptics, publishing several articles together on Breitbart News.

  Grégoire Canlorbe: Climate activism is thought of as Marxism’s Trojan horse, a way for its followers to proceed with their face masked, in the never-ending holy war that Marxism claims will be necessary to establish communist totalitarianism. Yet it was actually Margaret Thatcher, the muse of conservative libertarianism, who kick-started the IPCC. How do you make sense of this?

  István Markó: More precisely, Margaret Thatcher, although a trained chemist and therefore aware of the mendacious character of such an allegation about carbon dioxide (CO2), was the first proponent to use the excuse of climate implications posed by CO2 to achieve her political ends. At the time, that is, in the mid-1980s, Thatcher was waging war with the almighty coal union. In those days, the UK coal unions were remunerating themselves with public monies and by lobbying via the Labour Party had managed to pass an enormous number of laws and subsidies to keep an industry afloat that was no longer profitable on its own.

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Run On The Pound Sterling

By Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com

Right to plan for ‘run on pound’ if Labour wins says Corbyn and Labour party 

– British pound already down 20% since Brexit, collapse already in play

– Run on the pound likely due to Labour’s ‘command economy’ approach

– Collapse in Sterling would undermine UK financial system

– Portfolios holding sterling and related assets would be significantly affected

– Pension funds and property the most likely to get hit by run on the pound

– Gold to benefit as sterling collapse picks up pace

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As Crisis Brews in the Balkans, the West Looks On

By Cameron Munter – Re-Blogged From https://Worldview.Stratfor.com

In the first six months of U.S. President Donald Trump’s administration, five foreign policy challenges have dominated the national and international spotlight. China’s expanding economic and military role, Russia’s tenuous relations with Europe and the Middle East, ongoing wars in Afghanistan and Syria, threats stemming from North Korea and Venezuela, and Europe’s future amid rising populist movements in the United Kingdom and France have taken center stage among the world’s policymakers.

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Suddenly, “De-Dollarization” Is A Thing

By John Rubino – Re-Blogged From Dollar Collapse

For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.

These were challenges to the dollar’s dominance, but they weren’t mortal threats.

What’s happening lately, however, is a lot more serious. It even has an ominous-sounding name: de-dollarization. Here’s an excerpt from a much longer article by “strategic risk consultant” F. William Engdahl:

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