- Financial WW3 has been raging. It is the West who is attacking the Russian Ruble. The western Illuminati will not give up their global monetary, financial and economic hegemony without a fight. The expression of this global hegemony is the world reserved currency: the USD. With it they create a massive amount of money out of thin air to: finance wars without end, attack nations, destabilize/manipulate financial markets, destroy nations …. etc. All these attacks on the Russian Ruble is because Russia and China are making moves against the petrodollar. The war drums over the Senkaku islands by Japan is also for the same reason. Japan is a proxy for the west ie. an economic, political colony in reality.
- The western Illuminati is prepared to lose 100 cities to thermonuclear WW3 just to retain their global hegemony. Financial WW3 will eventually lead to the Satanic thermonuclear WW3! Putin is correct: Global war is inevitable!
- Ruble Slide Continues; Russia Forced to Abandon Currency Intervention as Reserves Dwindle!
by Mike “Mish” Shedlock, http://globaleconomicanalysis.blogspot.com/ , 5 Nov 2014
In the wake of falling oil prices, tensions in Ukraine, and sanction madness that hurts both Russia and the Eurozone, the ruble has been on a huge slide. Since June the Ruble has slid from about 34 to the US dollar to 44.9 to the US dollar. That is a decline of 24 percent. A long-term chart shows an even bigger decline.
Since the beginning of 2011 the Ruble has gone from 28 to the US dollar to 44.9 to the US dollar. That’s a decline of 37.6 percent.
Russia’s Attempts to Stabilize the Ruble Fail
The decline has been pretty orderly until about June of this year. To halt recent decline, Russia hiked interest rates on October 31 to 9.5% from 8.5%. As the first chart shows, that huge rate hike did not halt the slide. Russia had also been intervening in the currency markets to the tune of about $2.5bn a day, but that’s not a sustainable action. Indeed, declining reserves forced the Russian Central Bank to Abandon Ruble Support.