Global Meltdown

Why S&P Attacks Russia’s Credit Rating

On the Christmas Eve Standard & Poor’s (S&P) international credit ratings agency revised Russia’s sovereign credit ratings to credit watch negative from negative.  It said it could downgrade Russia to the non-investment-grade (speculative-grade bond, or junk bond) as soon as mid-January. Is this assessment based on indicators reflecting the real state of Russian economy? Or is it another politically […]

Western plutocracy goes bear hunting

The post-Cold War status quo in Eastern Europe, not to mention in Western Europe, is now dead. For Western plutocracy, that 0.00001% at the top, the real Masters of the Universe, Russia is the ultimate prize; an immense treasure of natural resources, forests, pristine water, minerals, oil and gas. Enough […]

The IMF goes to war in Ukraine

The IMF has approved a $17 billion loan to Ukraine. The first $3,2 billion tranche has been received today. It’s essential to identify the conditions attached to this Mafia-style “loan.” Nothing remotely similar to reviving the Ukrainian economy is in play. The scheme is inextricably linked to the IMF’s notorious, […]