Guest Post by Martin Armstrong
We have a very serious problem. I know where the advice to Biden and other world leaders is coming from, as they are telling them to seize all the assets of Putin’s “friends” to put pressure on him — their yachts, bank accounts, houses… everything. It is Bill Browder who was Safra’s partner in Hermitage Capital Management. This is because Putin seized all of the assets of Hermitage Capital Management over the blackmailing of Yeltsin. Putin wanted to question Browder – not kill because he was Safra’s partner. Browder is telling world leaders now to confiscate all Russian assets belonging to who he claims are Oligarchs.
Let me make this very clear. This is a complete abandonment of international law and the absence of any Due Process of Law, which has been the cornerstone of law globally. Due Process is based upon the Bible where the story of Cain & Able. God knows what happened; Cain killed his brother. Nonetheless, he still allows him the right to be heard and explain his side of the issue. That is not only what we have denied in this Ukrainian affair, but now the West will simply seize all the assets of Russians in the West, who are denied any right to Due Process of Law if they are not in government.
What is the Repercussion of Such Acts?
We are not simply looking at World War III beginning in the financial markets with Russian cyberattacks against US banks. This is one SERIOUS warning to Chinese investors that they too can have all their assets seized in a dispute with China. Remember how anyone of Japanese heritage was imprisoned during World War II and denied all Due Process, based solely on their nationality? It took four decades before it was admitted this violated the foundation of human rights.
This is the most DANGEROUS advice in history. It can totally destroy the world economy as we know it. Foreign investment in Russia will be seized, and the prospect of this migrating to China is extremely high. This is crossing the line. You do not go after the assets of private individuals claiming they are holding personal money for Putin. This is now about the legacy of Putin, and he will NOT suddenly stop because his personal assets are confiscated. If anything, this amounts to an act of outright war. These actions will never achieve a reasonable resolution. This I believe is the personal vengeance of Browder because of the seizure of Hermitage Capital Management and the bankers’ failed attempt to take over Russia in 2000.
This will have major implications on all markets, and you should be looking at the arrays carefully. Something was not right, and the arrays were picking this up. It is perhaps why gold failed to elect two important Monthly Bullish Reversals at the end of February when it was trading above them during the month.
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A lot of the assets ‘owned’ by Russian Oligarchs were paid for by money stolen from Russia during the Yeltsin years when the State owned industries were privatised. I doubt that Putin will be too bothered about some of them being seized as that may well diminish any opposition to him in Russia.
Sure, tell it to the cop that confiscates your cash, well, because.
This is where we have been heading for a while now.
I agree. What’s the excuse for seizing Canadian bank accounts. Neil McCoy Ward had his accounts stolen https://www.youtube.com/watch?v=SxAukbPLKVE. I believe it’s because of the videos he makes. How long before they confiscate peoples bank accounts that visit this site or for that matter any other site they deem harmful?
dont forget that the oligarchs fall in different camps. most of the davos-aligned ones have long since decamped and moved to europe and especially the uk. their assets , whatever they managed to get out of russia before putin cracked down on them, one can be sure will not be touched. when they say oligarchs now they only mean the ones who stayed in russia because their robbery was not so egregious that they couldnt come to terms with a more determined regime. the worst of them of course have been in the west for a long time.
Iran survived what Trump actually did to them.
I’m positive Russia can survive what Biden says he’s going to do.
Provided they aren’t laughing too hard to react.
The American “elites” middle name is hubris. When China takes Taiwan – where most microchips are made – shit’ll get real.
We see the abuse or outright dismissal of the rule of law daily now in the West. Competing against Russia and China in a Law of the Jungle world puts these soft handed fuques in western capitals at a serious disadvantage. They are far too “biased” and sheltered to know it. Imagine it as a Nancy Pelosi or Jamie Raskin taking a reach from the floor uppercut from Mike Tyson.
What I find exceedingly hard to even fathom is that Putin and the Oligarchs (sounds like a 50’s rock band) did not see this coming, and as such, that they have ANY assets whatsoever in any Western nation … especially in the USA!USA!USA!
Dementia’s glee over seizing Russian assets in Amerika is unadulterated 100% pure Bullshit.
1000+
Imagine, if you will, an entire country with more brains than the American President….
Everything that pants shitting, fucken nipple headed, child molesting, pudding fucken brained dipshit of the highest order has absolutely no fucken rationale behind it aside from his fucken drug pushers and handler orders telling him to do it.
Two things on that fucker’s mind: ice cream and kids.
Fuck Joe Biden and his fucken clow posse of ignorant fucken puppets.
ZFG, out.
Well said!
Punishing Russia by making their oil and gas production twice as valuable–brilliant! Confiscating property owned by crooked Oligarchs? Will be very popular with Russian public…
A successful financial war invariably leads to a kinetic war when the losing side realizes they have no reason to not go kinetic. Ask Japan why they bombed Pearl Harbor.
How long before the oligarch gangsters put a bounty on the heads of the globalist gangsters stealing their money?
This could get good….