Sunday, March 15, 2020
Luongo explains it.
A couple months ago Putin handed us a Peace Ultimatum. Stop making war or else.....
He didn't name the Or Else. I've been paying as little attention as possible to "news" channels since they're all killer panicators, so I didn't catch the connections on the Saudi-Russia oil move.
Luongo sees the connection:
On Friday March 6th, Russia told OPEC no. By Wednesday the 11th The Federal Reserve had already doubled its daily interventions into the repo markets to keep bank liquidity high. By noon on the 12th the Fed announced $1.5 trillion in new repo facilities including three-month repo contracts. At one point during trading that day the entire U.S. Treasury market went bidless. There was no one out there making an offer for the most liquid, sought-after financial assets in the world. Putin understands that a world awash in debt is one that cannot withstand the currency needed to repay that debt rising sharply. That puts further pressure on his geopolitical rivals and forces them to focus on their domestic concerns rather than the ones overseas. For years Putin has been begging the West to stop its insane belligerence in the Middle East and across Asia. He’s argued eloquently at the U.N. and in interviews that the unipolar moment is over and that the U.S. can only maintain its status as the world’s only super power for so long. Eventually the debt would undermine its strength and at the right moment would be revealed to be far weaker than it projected.The crucial point is that RUSSIA IS OPERATING ON SAVINGS while the Sorosian world is OPERATING ON DEBT. When you have saved up your money and diversified your internal skills and industries, you can afford to take a hit in one important income source. We can't afford anything. We are infinitely beyond broke. Will we respond? Our military is extremely good at logistics. Will we bring all the troops home and turn their attention to controlling the epidemic of panic? No. We are infinitely beyond stupid.
Labels: Emersonian justice, Natural law = Soviet law, storage
¶ 10:16 AM
