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"If this would destabilize the dollar enough . . . it could cause a sudden drop in the U.S. dollar, which could signal a tsunami of dollars coming back to America and could set off a very, very ugly, ugly bout of inflation, which could build into a hyperinflation in America. This would bring social unrest in America. This is the social unrest the U.S. military and the Pentagon have been saying is inevitable and is coming to America. This is exactly the kind of backdrop you would expect to have before this would occur."
If you try to dismiss any of this as Russian state propaganda, then here is something else you should be aware of. Did you hear of the spontaneously organized procession in which, after the official parade, half a million people marched through Moscow with portraits of their relatives who died in World War II? The event was called "The Eternal Regiment" (Бессмертный полк). Similar processions took place in many cities throughout Russia, and the total number of participants is estimated at around 4 million.Western press either panned it or billed it as an attempt by Putin to whip up anti-western sentiment. Now that sort of "press coverage," my fellow space travelers, is pure propaganda! No, it was an enthusiastic, spontaneous outpouring of genuine public sentiment. If you think about it just a tiny bit, nothing on this scale could be contrived artificially, and the thought that millions of people would prostitute their dead for propaganda purposes is, frankly, both cynical and insulting.
America's Achilles Heel and Russia's indomitable spirit
"There are attempts to pressure Gruevski's government for refusing to join in on sanctions against Russia and for backing the Turkish Stream [gas] pipeline [construction]."Moscow is concerned over the situation in Macedonia, Lavrov said during a speech before the Russian upper house of parliament.
"The Macedonian events are quite brutal and are being orchestrated from outside."
Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points(Exhibit 1). That poses new risks to financial stability and may undermine global economic growth.What is surprising is that debt has actually grown the most in China. If you can believe it, total Chinese debt has grown from 7 trillion dollars in 2007 to 28 trillion dollars today. Needless to say, that is absolutely insane...
Comment: Kirby paints an excellent big picture around the inevitable collapse of the Western dollar-based financial system. In his words: "This sort of activity is not tolerated in Nature forever".