Why no one Pays Attention to the Crisis East of Europe?
by Ben Atlas on 07.3.2011.9:17am · 0 comments
VTB Bank in Russia (itself a beneficiary of the bailout during the financial crisis) took over The Bank of Moscow and “discovered” it had $9 bil of bad loans. This prompted the Russian government to issue a “$14bn state rescue package, the largest bail-out in Russian history” – FT. Meanwhile past Tuesday Russia cut electricity to Belarus and only restored it yesterday after a forced late payment (Moscow Times). Belarus blocked the social media sites today afraid of a revolution (Sacramento Bee). Are those not worthy of a single report on the American news reel?
The fact of the matter is that the interconnected banking system is broken everywhere (ruse behind vast Kabul Bank fraud – Washington Post ) and it’s bringing down the global economy. The only game in town (world) is for the money supply beneficiaries and their political enablers to shift responsibly to the people and buy time to steal enough to afford a permanent buffer from the misery.
Further reading: Tagged as:
economy,
money,
recession,
revolution,
russia
Why no one Pays Attention to the Crisis East of Europe?
by Ben Atlas on 07.3.2011.9:17am · 0 comments
VTB Bank in Russia (itself a beneficiary of the bailout during the financial crisis) took over The Bank of Moscow and “discovered” it had $9 bil of bad loans. This prompted the Russian government to issue a “$14bn state rescue package, the largest bail-out in Russian history” – FT. Meanwhile past Tuesday Russia cut electricity to Belarus and only restored it yesterday after a forced late payment (Moscow Times). Belarus blocked the social media sites today afraid of a revolution (Sacramento Bee). Are those not worthy of a single report on the American news reel?
The fact of the matter is that the interconnected banking system is broken everywhere (ruse behind vast Kabul Bank fraud – Washington Post ) and it’s bringing down the global economy. The only game in town (world) is for the money supply beneficiaries and their political enablers to shift responsibly to the people and buy time to steal enough to afford a permanent buffer from the misery.
Further reading:Tagged as: economy, money, recession, revolution, russia