OF THE
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In a recent appearance on FOX News, U.S. senator Ted Cruz stated categorically that Vladimir Putin was a KGB thug who said that the greatest geopolitical disaster of the 21st century was the dissolution of the Soviet Union (the quote and the warped timeline Cruz's own). The foregoing article should explain why Vladimir Putin may have said something of the sort. It is part 5 in a six-part series on Russia's 1990s transition from communism to capitalism, excerpted from Chapter 3 of my book, Grand Deception: the Truth About Bill Browder, the Magnitsky Act, and Anti-Russia Sanctions. The book's previous incarnation was banned last summer.
Links to previous posts: introduction, part 1, part 2, part 3, and part 4.
"Does America want Russia to raise its living standards and consume most of its fuels and raw materials domestically? Or, does it see a chance to nail down its Cold War victory by destroying Russia's potential power to be a rival, by turning it into an exporter of oil, gas and other raw materials?" ~ Dr. Michael Hudson speaking before the Russian parliament, 15 March 1999.The transition program engineered by the American deep state and its Wall Street patrons was nothing short of catastrophic for Russia. The perfect storm of sudden price liberalization, drastic curtailment of government spending and bank credit, and opening of domestic markets to unrestricted foreign competition produced a toxic brew that devastated the Russian economy, destroyed its currency, and plunged much of the population into poverty and hunger. After 1992, Russian middle class saw their savings evaporate and their real wages halve - if they were fortunate enough to receive them at all.1
"To make ends meet, professors had to become taxi drivers, nurses became prostitutes and art museums sold paintings right off their walls. Nearly every Russian was cowed and humiliated..." ~ Bill Browder, Red Notice
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