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G7 Dancing with Russian Assets and Poking the Bear
by Martin Armstrong, Armstrong Economics:
The G7 (Group of Seven) leaders reached an agreement on June 13th to utilize frozen Russian assets in their continued support of the war in Ukraine. However, they dance very carefully with the bear. They are NOT handing the actual assets to Ukraine – the most corrupt country perhaps in the world. The Pandora Papers revealed that Ukraine had the highest number of politicians from any country with a secret offshore account. Even Forbes Magazine said that Ukraine owes it to the West to clean up the outrageous corruption. Foreign Policy Magazine asked how deep does the corruption in Ukraine run? The joke in the US is that Biden Administration has created more billionaires than any other administration in history. They all just so happen to be in Ukraine. Others are asking should they just send their income tax directly to Zelenskyy?
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The G7 will provide the black financial hole we call Ukraine with a loan using frozen Russian assets as collateral. The corruption is so pervasive, and accountability is ZERO, so they have wisely concluded not to actually turn over Russian assets for Putin would then be justified to just confiscate ALL assets held by Western countries and private/public corporations to compensate what is a violation of international law – which nobody cares about anymore.
The total sum is unclear at this time, but the United States has committed $50 billion thanks to Blinken, who has family tied to Ukraine, the same as Victoria Nuland. The risk will be shared among the other G7 nations, and this risk is substantial, for Ukraine will no longer exist as a country when this is over based on our computer models. Zelenskyy is too busy stuffing his pockets to actually care about his people or the future. He is banking on NATO invading Russia and extinguishing it as a country so he can then seize all the assets of Russia for Ukraine.
What most people do not understand is that the removal of Russian banks from SWIFT did NOT include the ones that Europe pays for energy. They do not want to talk about that publicly, and others are pretending that all these transactions are going through crypto. Behind closed doors, if the US tried to remove those banks from SWIFT, Europe would be in revolution, for the continent would go dark, with no food, light, heat, or industrial production.
Victoria Nuland is really of Ukrainian Jewish descent. Her family changed their name to try to hide their Jewish ethnic background. She really would be Nudelman, not Nuland. She is actually the daughter of Yale bioethics and medicine professor Sherwin B. Nuland, who changed his surname from Nudelman to Nuland. She retained her family name, Nuland, to perhaps further hide her Jewish/Ukrainian connection by marrying Robert Kagan. Ron Paul plainly wrote: “Victoria Nuland exemplifies the neocons who have led US foreign policy from one disaster to another for the past 30 years while evading accountability. “
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