Russian “Weaponized Default” Law Threatens Collapse Of Entire Western World
By: Sorcha Faal, and as reported to her Western Subscribers
A new report issued today by the Security Council (SC) states that President Putin has just forwarded to the Duma (legislator/parliament) one of the most feared set of laws ever seen in modern Russian history that once enacted would create the worst “economic cyclone” the Western world has ever seen and plunge both the United States and European Union into immediate depression, if not outright total economic collapse.
According to this report, these new laws were ordered drawn up this past year by the Security Council who tasked famed economist Sergei Glazyev with devising what is being labeled as a “Weaponized Default” and Russia’s “ultimate answer” to Western aggression and orders all Federation companies, both public and private, to immediately cease paying over $700 billion in loan payments to any bank having a nationality, or even branches, in any country currently having sanctions, or threatening sanctions, against Russia.
Once these “Weaponized Default” laws are enacted, this report continues, they would serve as payback for the twin Western manipulation of global oil prices and the Russian ruble—the manipulation involved unleashing on the global oil market over five million barrels a day of excess reserve production that were held back by Saudi Arabia, plus derivative manipulation at the New York Mercantile Exchange (NYMEX) crashing the price of oil last year.
To the timing of President Putin submitting these feared “Weaponized Default” laws to the Duma today, this report explains, was due to the grim report given to the Security Council by Economic Development (MoED) Minister Aleksey Ulyukayev warning that the current period of low oil prices may last for decades—and which British experts are now saying could fall to the “doomsday” level of $10 a barrel.
Also spurring President Putin’s timing of submitting these laws to the Duma, this report notes, was the successful opening of the St. Petersburg International Mercantile Exchange (SPIMEX) which will forever de-dollarize Russian oil from the United States global petrodollar system thus breaking America’s hegemony and its ability to finance its wars using other nations money.
Adding to the growing pushback against the United States petrodollar system and its allies continuing to advocate for global war, this report continues, is China—who this past week ordered all of its banks to cease purchasing US Dollars in its bid to protect its nation and economic interests from these warmongers too.
Though the American “presstitute” mainstream media has failed to allow their citizens to know the full and dreadful impact that President Putin’s new “Weaponized Default” laws will have upon them, this report further states, the same cannot be said of that nations oligarchs—who in the past fortnight alone have caused their stock markets to lose over $1 trillion—and to put that stunning figure in context, it’s like wiping out the combined value of the following tech giants: Google (GOOGL, Tech30) ($508 billion), Facebook (FB, Tech30) ($281 billion), Intel (INTC, Tech30) ($154 billion), Netflix (NFLX, Tech30) ($50 billion) and Yahoo (YHOO, Tech30) ($29 billion).
Even more astounding than this massive loss of wealth to the American people holding their retirement and saving monies in stocks and bonds, this report grimly says, was President Obama telling his nations citizens last night that their US was economy was doing fine and that his critics were “peddling fiction”—like legendary American stock market guru Art Cashin who yesterday warned that panic in this market “will shock the world” and the Royal Bank of Scotland (RBS) warning all of its elite clients yesterday to “Sell Everything!” and stating: “This is about return of capital, not return on capital. In a crowded hall, exit doors are small.”
To the only Americans that will be protected in this “economic cyclone” enveloping the Western world, this report further notes, are their elite oligarchs who have had gifted to them by the Obama regime a separate tax structure designed to protect their billions—while the rest of the American people will be left competing for jobs in the only industry the United States is now the unquestioned global leader of—prisons, and that have become so morally corrupt the Obama regime even had passed a new law mandating that at least 34,000 ‘illegal’s’ have to be behind bars everyday to benefit that nations private jailing companies profits.
With Russia being the world’s largest oil producer, this report continues, fully 75% of its oil can be exported which President Putin’s new “Weaponized Default” laws will protect no matter how low the price of oil goes—but the same cannot be said of the Obama regime backed barbaric Middle Eastern ally Saudi Arabia whose despotic de facto leader, Deputy Crown Prince Mohammed bin Salman, has not only brought his nation to brink of ruin—its soon collapsing will, undoubtedly, cause the Western nations to unleash a new set of oil wars too.
But before the West embarks upon these new oil wars, this report concludes, they should first re-familiarize themselves with their own history—and as recently detailed by the American foreign policy writer Michael Peck who in his article 5 Oil Wars that Ended in Disaster succinctly warned:
“For the last hundred years, oil has been a frequent reason for war. Nations have fought wars, or shaped their military strategy during a war, to conquer oil fields or prevent rivals from controlling the commodity that is the lifeblood of industrial economies and modern militaries.
But what good is capturing an oil field when you wreck your country in the process? Several nations have learned the hard way that the price for capturing oil can be much greater than its value.
For the American leaders, and plenty of others throughout history, the price of oil indeed proved to be higher than any could imagine.”
January 13, 2016 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.