Furious Russia, Downgraded To Just Above Junk By S&P, Proposes “Scorched Earth” Retaliation Against NATO Countries!
- The west has triggered a financial and economic WW3 against Russia. They want to provoke Russia into a thermonuclear WW3. The Russian Ruble is being attacked constantly by the western Illuminati. See: Russian Ruble Seen Extending Drop as Politics Trump Higher Rates.
– - Furious Russia, Downgraded To Just Above Junk By S&P, Proposes “Scorched Earth” Retaliation Against NATO Countries!
by Tyler Durden, www.zerohedge.com
Cyprus and Russia – what’s the difference (aside from the fact that the former was a money laundering offshore center of the latter until last year of course)?
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If you said one is a lackey to statist, selfish banker interests, and after having its economy thoroughly destroyed by the great doomed European sociopolitical (and pathological) experiment, came crawling back to its Eurozone masters, while the other couldn’t care one bit about Pax Petrodollariana and the global central bank cabal, you are right. In which case it will also be clear why a few hours ago that joke of a rating agency, Standard & Poor’s, which also earlier announced it was “affirming” France at an AA rating making it very clear it will no longer accept being sued for telling the truth and downgrading sovereigns or otherwise have its offices abroad raided, not only upgraded Cyprus from B- to B (please deposits your funds in Cyprus banks now: they are safe, S&P promises), but – far more importantly – delivered a political message to the Kremlin, and downgraded Russia from BBB to BBB-, one short notch away from junk status. This was the first downgrade of Russia by S&P since December 2008.
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Russia’s response was prompt. ….
Russian presidential adviser Sergei Glazyev proposed plan of 15 measures to protect country’s economy if sanctions applied, Vedomosti newspaper reports, citing Glazyev’s letter to Finance Ministry. According to Vedomosti as Bloomberg reported, Glazyev proposed:
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* Russia should withdraw all assets, accounts in dollars, euros from NATO countries to neutral ones
* Russia should start selling NATO member sovereign bonds before Russia’s foreign-currency accounts are frozen
* Central bank should reduce dollar assets, sell sovereign bonds of countries that support sanctions
* Russia should limit commercial banks’ FX assets to prevent speculation on ruble, capital outflows
* Central bank should increase money supply so that state cos., banks may refinance foreign loans
* Russia should use national currencies in trade with customs Union members, other non-dollar, non-euro partners
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In other words, a full-blown scorched earth campaign by Russia.
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