TRUMP REACHES OUT TO RUSSIA

Truth in Media Editorial

TRUMP REACHES OUT TO RUSSIA

Congressional “death merchants'” war dogs start barking, fearing peace may break out

Truth be told, they and the lamestream media started barking against a possible Trump-Tillerson foreign policy ticket well before today’s announcement. And now, their worst fears have come true. They are losing control of US foreign policy, their sacred turf since almost a century ago. Neither Trump nor Tillerson are members of their “elite” New World Order clubs.

It was almost comical to see the headlines and the comments in the lamestream media about Donald Trump’s ultimate pick for Secretary of State, the Exxon-Mobil chairman Rex Tillerson.

Congressional war dogs, who have been for decades barking out venom against Russia as obedient servants of American corporate “death merchants,” are terrified that peace may finally break out. Which would mean they’d be, of course, out of work. So now they are threatening a fight over Tillerson’s confirmation.

Well, that’s sort of predictable. Having lost the election, they are now trying to sabotage the work Trump is trying to do. They will lose. As they did in November.

Maybe the Secretary of State confirmation hearings will give Rex Tillerson a chance to earn the nickname T-Rex (Tyrannosaurus Rex) – the most fearsome of all prehistoric animals. Hopefully Rex will devour the NWO congressional war dogs for breakfast, and then he and Trump together will finish off their puppet masters for dinner. 🙂 That’s my wishful thinking anyway.

And then – peace may finally break out. God willing.

If that were to come to pass, I could even forgive Trump giving Hillary a free out of jail pass.

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NEWS STORY (London Guardian)

Trump picks Tillerson for state department

Donald Trump has nominated Rex Tillerson, the president and chief executive of ExxonMobil, as secretary of state. “His tenacity, broad experience and deep understanding of geopolitics make him an excellent choice for secretary of state,” the president-elect said in a statement.

The selection of the ExxonMobil president marks the end of a drawn-out search to fill the position, during which time Trump considered several potential contenders, including former presidential candidate Mitt Romney – who was very critical of Trump during the election campaign – former New York mayor Rudy Giuliani and former CIA chief David Petraeus.

However, Tillerson’s approval by the Senate is far from guaranteed. His close ties to Russia, where he has completed a number of projects and was awarded the Order of Friendship by Vladimir Putin in 2013, as well as his lack of experience will be cause for concern for senators from both parties.

http://click.mail.theguardian.com/?qs=866292455f4a3041d69b6f59a49075798e446175a1f8926df4678b2e3a5a63c0

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UPDATE DEC 14, 2016

trump-china

TRUMP PUTS HIS FOOT DOWN ON CODDLING CHINA AND DEMONIZING RUSSIA

T-REX APPOINTMENT AND TAIWAN CALL COULD CAUSE A RIFT NOT JUST BETWEEN CHINA AND U.S. BUT ALSO BETWEEN CHINA AND RUSSIA

For a man who was said to have no foreign policy experience, Donald Trump made two presidentially deft geopolitical moves this month. Both are aimed at neutralizing China’s growing power in the world and stopping the demonization of Russia.  So Trump is already starting to shake up the world even if he is not even president yet.

“ONE CHINA” CHALLENGE

Trump’s first bold move was to take a phone call on Dec. 2 from Taiwan’s President, Tsai Ing-wen. This set off alarms in Beijing. Red China’s leaders are now fearing that Trump may be challenging their longstanding “one China” policy.

If so, Trump will playing Nixon’s “China-card” in reverse, by wooing Moscow to isolate Beijing. And not just Nixon’s card. George H. Bush not only looked the other way when Chinese communist leaders massacred thousands of Tiananmen Square pro-democracy demonstrators on June 4, 1989. He rewarded them with hundreds of billions of dollars in foreign investments that turned China into a virtual factory of the world over the next decade (see China: Real Cold War Winner – Russia Is Still a Bogey, March 2002 – https://goo.gl/Gct43i).

This writer had spent a lot of ink in his global business and geopolitical articles in the 1990s railing against the foolhardiness of such policies (see, for example,  Who Lost China?, Aug 1999 – https://goo.gl/skw76B,  Killing Russia Softly, Apr 1997 – https://goo.gl/C0Erm9).

REACHING OUT TO RUSSIA

Xi Jinping, China’s president, referred to Russia and China as “friends forever.” That assertion will now have to pass a Trump test.

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Because Trump’s second foreign policy move this month – appointing the ExxonMobil CEO Rex Tillerson Secretary of State – threatens to cause a possible rift between Russia and China. Until now, the two bedrock members of anti-New World Order BRICS organization – Russia and China – have been close allies, united in their resistance to the U.S. global hegemony.

But Tillerson enjoys historic ties with Vladimir Putin and Russia, where he was awarded the Order of Friendship, he enjoys no such history with China (see ‘Friends forever’? China wary of Rex Tillerson wooing away Russia, Guardian, Dec 14, 2016). And we already know what his new boss thinks of China.

WEAPONIZING US TREASURIES AGAINST CHINA

In fact, some commentators say that Trump may be Weaponizing China’s $1.16 Trillion of US Treasuries (e.g., Daniel Kruger, Forbes CONTRIBUTOR).

China is the largest holder of US Treasuries. It held $1.16 trillion of U.S. government debt as of September. For more than a decade, politicians have expressed concern that China and other foreign government could use their significant stakes in Treasuries against the U.S. by dumping them on the market. Such a move would potentially drive borrowing costs in the U.S. higher, they argued.

True. But this would also hurt China’s exports – the sacred cow of its communist government. Because should China try to dump the Treasuries, it would weaken the dollar and bolster its currency, known variously as the yuan and the renminbi. Which means the price of Chinese goods would rise, thus diminishing their global market appeal.

So selling off treasuries would be China cutting off its nose to spite itself. Or shooting itself in the foot to hurt the U.S. Chinese leaders are ruthless communists but they are not stupid. And Trump knows it. So he is using their massive treasuries holdings as a weapon with which to wag their tail.

So do you still think America’s president-elect is inexperienced in foreign affairs?

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Truth in Media Editorial – Part 3

UPDATE DEC 14, 2016 

HOW U.S. (Bill Clinton) RIGGED RUSSIA’S 1996 ELECTION FOR YELTSIN’S SECOND TERM

What’s good for the goose isn’t good for the gander?

During presidential campaign, and even now, the lamestream media keep fabricating stories about Russia’s alleged rigging of the U.S. election without offering any proof. Perhaps that’s because the establishment stooges remember how they did just that in Russia 20 years ago.

In early 1996, Boris Yeltsin’s approval rate was in the single digits. He had carried out a presidential coup, started a sham war in Chechnya, and had helped oligarchs pillage the nation which brought the economy to its knees, with people like this little girl in Moscow starving and forced to beg for food.

killing-russia-softly

Yet in July 1996, he was elected president for the second time. How did this happen?

“It took one of the most unfair, costliest and most fraudulent election battles in the history of democracy,” writes Mark Nicholas on Dec 12, 2016 in RUSSIA INSIDER. “All with the complicity of the United States which backed the Russian alcoholic in chief every step of the way (as it had during the ’93 coup).”

(see If Russia Did Rig the US Election It Would Only Be Payback for Yeltsin’s Second Term: http://russia-insider.com/en/if-russia-did-rig-us-election-it-would-only-be-payback-yeltsins-second-term/ri18129).

Alleging Russia’s complicity in Donald Trump’s win is merely a sign of desperation. Like Don Quixote, the New World Order establishment are swinging at the windmills. They won’t be doing it for much longer.

Even before Trump has been sworn in, he is starting to drive the New World Order snakes out of America, just as Saint Patrick did in Ireland in the 5th century (see the Truth in Media editorial New World Order Snakes to Be Expelled from America, Oct 24, 2016).  That’s a hopeful sign.

Let us pray that he continues draining the swamp faithfully after he assumes office.

For more, see… https://goo.gl/8bWPso

PS: By the way, Russia, Serbia and China were the only countries that expected Trump to win. Take a look at this chart.

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Truth in Media Editorial – Part 4

UPDATE DEC 15, 2016 

TOWARD A TRIPOLAR WORLD

If Donald Trump is really as smart as his early moves suggest, he will realize that alienating China will NOT “Make America Great Again,” his election slogan. Only a true partnership between the three global power centers will. Which, at the present time means, the U.S., Russia and China.

Why?

Because since time immemorial, triangles have been the building blocks that offer both strength and stability.

Think Trinity if you are religiously inclined. Think Giza Pyramids if you are a history buff. Think Merkaba*, an ancient symbol of creation, if you are spiritually endowed. Think milking stool, if you are a farmer. A milking stool has three legs for one simple reason. It’s nearly impossible to knock it over. Which comes handy with a restless cow. Or a world in a state of flux.

el-don-tripolar.jpg

The 20th century has shown us that bipolar worlds do not work. Superpowers do not last. Before you know it, one partner will switch sides and turn on the other. They are easy to knock down and can lead to anarchy. And to world wars.

So if Trump really wants to make America great again, he must do so by mending fences with all nations, especially the most power-hungry ones. Like China. Not by appeasing them. Not by bombing them. Nor bribing them with U.S. investments. But by using the U.S. assets as leverage against China’s power plays so as to keep its ambitions in check.

Let us hope and pray that Trump is as wise as he is smart.

*NOTE: Merkaba is a geometrically precise field that is formed from the pattern of the first eight cells of the fertilized zygote. The location of these eight cells is in the geometrical center of the human body in the base or root chakra. The eight cells also provide the center point for all of the energy fields and grids that surround the body. Thus, the Merkaba field is the matrix of creation.

Merkaba is both an Egyptian and Hebrew word for the field of light energy and information that radiates from the human body as the star tetrahedron, also known as the Star of David. Here it is as the sacred place at the Earth’s solar chakra at the Rainbow Shower in Maui. Around the two triangles is the circle which provides the balance between them. And around the circles are the 12 petals of the Zodiac system, completing the ancient Sanskrit symbol of Anahata – the heart chakra.

894-e-kuiaha-00115-1

 

WAR, WAR, WAR… GREAT FOR BUSINESS NOT SO MUCH FOR CONSCIENCE

WHO IS THE WORLD’S LARGEST EMPLOYER?

Worlds Biggest Employers 2015

WHAT IF WE SHUNNED AND SHAMED THE PEOPLE AMONG OUR FRIENDS AND FAMILY WHO ARE PART OF THE WAR MACHINE?

As long as war is good for business, it will thrive. So to stop wars, humanity must remove the profit incentive.

Easier said than done, I know. Wars have been thriving since time immemorial.

But what if we used conscience as a criterion in choosing what we want to do for a living and who to work for?

Again, easier said than done, especially if you’re unemployed and hungry.

Still, maybe there is a way, however idealistic it may seem.

Businesses need employees, right? Big businesses employ large numbers of people. Which means that all those involved in the business of war profit from the killings and destruction, not just the bosses who give orders, are complicit in war crimes. Every time they cash their paycheck.

And so are the death merchants’ shareholders. Every time they cash their dividends.

“I was just following orders”-excuse didn’t cut it at Nuremberg after World War II. So why should it work today?

Everyone employed in the war machines of the world is complicit in crimes against humanity, not just the bosses who gave the orders or operatives who did the killings. 

Shame Instead of Glory

That includes our neighbors, friends, family, acquaintances. What if we were to shun them and let them know it is because of their choice of employment?

Some they might start to feel shame rather than pride in their work, which is what the war machine wants people to believe. And who knows, those with conscience might even quit. After all, most people are not “born killers.”

And then, like a tree without leaves, businesses who feed off of wars would whither NWO_humaniratian_missionand die. In theory anyway.

As I said, it is idealistic, but easy to do. That kind of quiet protest against war could be more effective than any loud, public placard-waving denunciation of war. 

The best part is that everyone can engage in it. Because most of us know people who are involved in the business of war directly or indirectly.

That also means large portions of the population. How large? Whole nations of people. 

If we were to look at just the Pentagon and its top defense contractors, for example, that would be over 6 million people!

Guess who the world’s largest employer is?

The US Department of Defense boasts a workforce of 3.2 million people, making it the largest global employer. The Chinese military, the People’s Liberation Army, is in second position with a force of 2.3 million. 

Only Walmart and McDonald’s come third and fourth with 2.1 and 1.9 million employees respectively (the number for McDonald’s includes franchises). They are the only private companies in the top 10. 

ALBRIGHT WAR WAR WAR CARTOONAnd then there are private defense contractors who profit from wars the most. The Top 10 Pentagon “death merchants” alone employ nearly one million people (921,000 – see the list below).  As for the Top 100, we estimate it is probably over 3 million. That’s close to if not bigger than the Pentagon payroll.

And then there are those in supporting industries who also benefit from wars… fast food chains, health care companies, hosting suppliers, media, Hollywood… the war food chain goes on and on.

Of course, that’s nothing new. See the Truth in Media articles from 2002 and 2004 which drew similar conclusions and expressed the same sentiments.

To end the global war economy, we must starve the entire food chain. There are no innocent participants. Which is why we must refuse to participate in the war booty and encourage all those around us to do likewise.

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War employees header

Also, see…

Feb 3, 2002 Who Says Money Cannot Buy Presidency, Favors? Enron’s Peons, Unocal’s Yokels. Bush League All-Stars. “Death Merchants,” Oil Companies …
NWO_humaniratian_missionApr 19, 2004 Perpetual War for Perpetual Commerce: Private Armies of Private …. Which makes the global wartime economy the fastest growing “new” …
Nov 18, 1998 … its economy in shambles, its people starving and dying enmasse. … After World War I, Germany had to swallow the punishing terms of the …

TOP 10 AMERICAN “DEATH MERCHANTS” AND THEIR EMPLOYMENT IN 2015

Here’s a rundown of the top 10 federal contractors in 2014. Hint: all of the top 10 contractors are for-profit companies, and all of them owe their status to militarty spending – something worth keeping in mind as Congress engages in battle over government spending levels for the Pentagon versus every single other priority, including health care, education, and job creation.

10. Huntington Ingalls Industries, $4.7 billion, 38,000 employees

Huntington Ingalls describes itself as “America’s largest military shipbuilding company.”

9. BAE Systems, $5.0 billion, 84,600 employees

BAE Systems traffics in “defence, aerospace and security solutions” (and yes, they are a British company with significant operations in the U.S.), with products ranging from amphibious combat vehicles to “hyper velocity projectiles.”

8.  L-3 Communications Holdings, $5.8 billion, 48,000 employees

L-3 bills itself as a “prime contractor in aerospace and national security solutions.”  Its products include explosive detection systems and holographic weapons sights, among others.

7. United Technologies Corporation, $6.0 billion, 211,500 employees

UTC is a parent company for defense contractors Pratt & Whitney, UTC Aerospace Systems, and Sikorsky. Pratt & Whitney is the maker of the F-35 jet fighter engine, among others, while Sikorsky is the maker of the Black Hawk helicopter.

6. McKesson Corporation, $6.2 billion, 42,800 employees

On its face, health care solutions company McKesson appears to be the lone non-military contractor among the group. But even McKesson would not be where it is without our country’s penchant for Pentagon spending:  it gets $4.2 billion in contracts from Veterans’ Affairs, and an additional $1.6 billion directly from the Department of Defense.

5. Northrop Grumman Corporation, $10.3 billion, 64,300 employees

Northrop Grumman bills itself as providing “unmanned systems, cybersecurity, C4ISR, and security” solutions. Northrop Grumman makes the Air Force’s A-10 Thunderbolt II (also known as the “Warthog”), among others.

4. Raytheon Company, $12.6 billion, 61,000 employees

Raytheon’s business includes missile defense, electronic warfare, precision weapons, and more, including Tomahawk and Patriot missiles.

3. General Dynamics Corporation, $15.4 billion, 93,000 employees

General Dynamics provides aerospace, combat systems, marine systems, and more, including Abrams tanks, MRAPs (Mine-Resistant Ambush Protected) vehicles, and nuclear submarines through its Electric Boat division.

2. Boeing, $19.6 billion. 165,500 employees

Boeing specializes in fighter jets, rotorcraft, advanced weapons, and missile defense, including Minuteman missiles, the V-22 Osprey aircraft, and the F-15 aircraft.

1. Lockheed Martin, $32.2 billion, 112,000 employees

That’s 7% of all federal contracts, and the equivalent of three percent of discretionary spending in 2014, to just one company. That company saw over $5.5 billion in profit, and paid its CEO more than $34 million in 2014. And the $32 billion it received from the U.S. government made up more than seventy percent of its total sales.

And Lockheed’s signature product? The F-35 jet fighter, which despite being in development since 2001, and being billions of dollars over budget, is not yet combat ready. The F-35’s top initial selling point?

Affordability. Go figure!?

WALL STREET’S PYRRHIC VICTORY

UPDATE DEC 16, 2014

“CATASTROPHIC” DROP OF RUBLE RINGS ALARM BELLS ACROSS RUSSIA

Screen Shot 2014-12-16 at 1.29.23 PM

Wall Street’s Pyrrhic Victory: Ruble’s Freefall Actually Helps Russia’s Most Important Industry

Nine days ago, the Truth in Media published an essay on oil and ruble war Wall Street is carrying out against Russia (see OIL WAR 2014: PRELUDE TO SHOOTING WAR?, Dec 7). Since that time, the oil prices have dropped further, while the ruble seems to be in a free fall.

Timothy Ash at London-based Standard Bank described the ruble’s fall as “the most incredible currency collapse I think I have ever seen in the 17 years in the market, and 26 years covering Russia” (Huffington Post, Dec 16).People walk along a street past a board showing currency exchange rates in Moscow

The ruble came under intense selling pressure Tuesday, falling at one point by a catastrophic 20 percent to a new historic low, despite a massive pre-dawn interest rate hike from Russia’s Central Bank, the Huffington Post reported today. Russian officials were clearly rattled even though state television urged citizens not to panic.

“The situation is critical,” Deputy Central Bank chairman Sergei Shvetsov was quoted by Russian news agencies as saying. “We could not have imagined what is happening in our worst dreams.”

The Central Bank’s surprise decision to raise the interest rate to 17 percent from 10.5 percent in the middle of the night Tuesday appeared to be a desperate attempt to prop up the troubled currency. The ruble has fallen sharply in recent weeks and is down more than 60 percent since January, due to sinking oil prices as well as the impact of Western sanctions imposed over Russia’s involvement in Ukraine’s crisis.

The ruble’s collapse has spurred ordinary Russians to rush out and buy imported products such as fridges and cars, since inflation is making those items more expensive daily. It is also likely to heap pressure on President Vladimir Putin, despite his wide popular support.

The ruble traded at 72 per dollar late Tuesday afternoon — a modest improvement from earlier, when it hit 78.5 to the dollar.

Wall Street’s Pyrrhic Victory: Ruble’s Freefall Actually Helps Russia’s Most Important Industry

So it looks like Wall Street is winning in its war on Russia? Well, looks can be deceiving.

7471b4d9-9409-4cff-9a29-671b62a27ecc-620x338 mix-ruble-notes ipqfBNSLvSxA

Because this has so far been a “Phyrrhic victory” for boys and girls in pin-striped suits. Wall Streeters are cutting off their own noses to spite themselves. And to please their Washington detachment. Alas, the ruble’s drop is “fool’s gold” for the New World Order crowd.

The reason is that the ruble’s freefall is actually helping Russia most important industry – oil and gas (see Ruble Freefall Helps to Shield Russia’s Most Important Industry, Bloomberg, Dec 16). Because the oil prices in US dollars have been also dropping by about as much as the ruble.

Today, after dropping below $60, the Brent price then fell to $58.50 a barrel, before recovering slightly to $59.01 (see BBC News report, Dec 16). They are now down almost 50% since June.

year-to-date-change-in-brent-crude-oil-price-in-dollars-in-rubles_chartbuilder

Not so in rubles, as you can see from the above chart.

So while Russia’s plunging currency is becoming a growing concern for policy makers in Moscow, the benefits for the Treasury are swelling as it receives more and more rubles for each dollar of oil export revenue.

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The CHART OF THE DAY shows that Brent crude sold for an average 3,759 rubles a barrel this year, the most on record, even after the mean dollar price of $101.74 dropped to the lowest since 2010.

Russia’s fiscal accounts are benefiting from this year’s more than 40 percent decline in the ruble as it kept pace with a similar slide in oil, which is priced in dollars. The government’s budget surplus is 1.27 trillion rubles ($23 billion) through November, compared with 600 billion rubles in the same period last year and 789 billion rubles in 2012, according to Finance Ministry data. It was 1.34 trillion in 2011.

Oops… maybe the Wall Street financial wizards should retake their Harvard or Wharton MBA classes.

As for the Washington “experts,” by now they are probably used to having the market plaster egg on their faces.

RUSSIA ON THE MENU

Russia on the Menue

UPDATE, Dec 18, 2014

PUTIN CONFIRMS OUR THEORY OF US-SAUDI COLLUSION IN HIS ANNUAL PRESS CONFERENCE

In his 3-hour annual press conference in Moscow today, Russian president Vladimir Putin said that Saudi Arabia and the US might have conspired to lower oil prices to harm Russia (and Iran – see Guardian, Dec 18).

And here’s what the Truth in Media said about that 11 days ago (an excerpt from the Truth in Media Dec 7-story “OIL WAR 2014: PRELUDE TO SHOOTING WAR?” (above http://wp.me/p3QU1S-F0):

“Why do we think Wall Street engineered this attack on the ruble in collusion with Washington?

Because if the drop in the oil prices were the only reason behind it, the Saudi dinar would have tumbled down proportionately as well. Yet if you look at the above chart, you will see that the dinar has been rising at the same time as the ruble was being gutted. Which suggests that the Saudis are also playing on the W-W team.”

Putin Saudi US oilmen

 

UPDATE, Dec 22, 2014

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CHINA COMES TO RUSSIA’S AID, RUBLE REBOUNDS

In a challenge to Wall Street, China flexed its financial muscle as it came to the aid of a fellow-BRICS member by boosting the value of the Russian ruble, the Bloomberg Newswire has just reported (also see WALL STREET’S PYRRHIC VICTORY, Dec 16).

The ruble jumped 6% to 55.23 per dollar as of 10:48 a.m. in New York after Hong Kong-based Phoenix TV cited China’s Commerce Minister Gao Hucheng as saying that expanding the currency swap between the two nations would help Russia. The ruble has gained 11% over the past two days, paring a selloff that’s made it the world’s worst performing currency over the past six months.russia-china-sign-agreement-cooperation-deal-bypass-us-dollar-united-states-debt

Chinese officials signaled that they are willing to expand a $24 billion currency swap program to help Russia weather the worst economic crisis since the 1998 default. China has also provided $2.3 billion in funds to Argentina since October as part of another currency swap, and last month it lent $4 billion to Venezuela, whose reserves cover just two years of debt payments.

By lending to countries shut out by US/Wall Street of overseas capital markets, Chinese President Xi Jinping is bolstering the country’s influence in the global economy, and challenging the Wall Street/Washington domination.

READ MORE… http://www.bloomberg.com/news/2014-12-22/yuan-ruble-swap-shows-china-challenging-imf-as-emergency-lender.html

PUTIN’S APPROVAL RATINGS SOAR, WHILE OBAMA’S SAG

Meanwhile, Putin’s popularity in Russia is soaring despite the drop in the ruble and oil prices, while Obama’s approval ratings are hitting rock bottom (see the charts).

With friends like Wall Street, who needs enemies…

putins-popularity-remains-strong Putin_Smilescq5dam.web.1280.1280

OIL WAR 2014: PRELUDE TO SHOOTING WAR?

Putin Saudi US oilmen

A TWO-PRONG ATTACK – ON OIL & RUBLE

WALL STREET SHARKS ASSIST WASHINGTON BY ATTACKING THE RUBLE

Mother Earth: Biggest Loser?

Earth_Globe Wall St shark frack Fracking the Sheiks putin_pumping gas

OIL WAR 2014: PRELUDE TO SHOOTING WAR?

In the old days of gallantry between the foes, a country would declare war by delivering a diplomatic note to the enemy’s head of state. Nowadays, the New World Order hooligans do it by shooting down an unarmed civilian aircraft.

The world did not realize it at the time, but the shoot-down of Malaysian flight MH-17 on July 17 was the starting gun of a new war between the West and the East (see HOW & WHY BOEING MH-17 WAS SHOT DOWN).  So far, the shooting war has been confined only to the southeastern portion of Ukraine. But the economic war has already engulfed the entire planet.

A TWO-PRONGED ATTACK: OIL & RUBLE

What followed the downing of the MH-17 by Washington’s Ukrainian puppeScreen Shot 2014-12-05 at 3.32.52 PMts was an oil price war. Crude oil prices tumbled 35% in the last five months. And Russia was the main target of this attack. Which is far more painful than any sanctions the US or the EU applied against Moscow.

Screen Shot 2014-12-04 at 6.44.44 PMWhy? Because Russia is the world’s largest energy exporter, and the third largest oil producer (left). The country relies on oil and gas exports for 50 percent of its federal budget, and 70 percent of the country’s total exports.

Russian GDP vs oil Russian oil production (updated 12-12-14)

A 35% drop in oil prices has deprived Russia of hundreds of billions of dollars in export revenues. Which means the country’s economy has been set back on its heels.

The oil punch has evidently caught Russia’s leaders flatfooted. Maksim Oreshkin, head of Russia’s Finance Ministry’s strategic planning department, was quoted as saying that, “it is unlikely that we will see a sharp drop in prices, but we are unlikely to see a sharp rise. Most likely, we will see stabilization in the area of $90 per barrel,” Oreshkin said in late September.

Well, so much for Russia’s understanding of its strategic geopolitical position. Check out what actually happened with the oil prices since then.

Break-even-oil-graphic

By flooding the market with their soaring shale oil production (below right), the US oil producers have put most of their global competitors under water. There is not a single competitorMonthly-Crude-Oil-Production left that’s making any money at the current prices, according to the above Deutsche Bank chart, which the Truth in Media has modified to highlight the current situation. 141202105035-american-energy-vs-opec-620xa

U.S. oil production has increased by about 80% over the past six years, from 5 million barrels per day in 2008, to 9 million per day this year, according to this Dec 2 FORTUNE article. As a result of all this fracking and cracking, the US has now become the world’s No. 1 oil producer, surpassing both Saudi Arabia and Russia (left).

PD*7609406 Fracking the Sheiks Earth_Globe Wall St shark frack

So score one knockdown for the Washington-Wall Street team. But at what a price! Not only is the W-W team fracking Russia and the Saudi sheiks, but they are doing it to the planet that nurtures us all – Mother Earth.

Which puts a new spin on an old saying, “he would sell his own mother”… for a barrel of oil.

Ruble vs Saudi dinar

SECOND PRONG: ATTACK ON RUBLE

The oil war escalated in recent days to a massive investor attack on the Russian ruble, which lost 40% against the dollar this year. And George Soros’ fingerprints seem to be EI-CK409_Nigeri_9U_20141202131508all over it. This Hungarian-born Wall Street shark is credited with bringing down the British pound and the Bank of England 22 years ago while making over a billion pounds for himself by short-selling.

(To learn more about Soros, check out this May 2004 Newsmax article by Richard Poe – “George Soros’s Coup” – SorosCover and SorosStory – PDFs, as well as the “Rape of Russia Explained by Anne Williamson” – including her 1999 testimony before Congressional Committee on Banking and Financial Services).

Why do we think Wall Street engineered this attack on the ruble in collusion with Washington?

Because if the drop in the oil prices were the only reason behind it, the Saudi dinar would have tumbled down proportionately as well.  Yet if you look at the above chart, you will see that the dinar has been rising at the same time as the ruble was being gutted. Which suggests that the Saudis are also playing on the W-W team.

All of the which seems to carry Soros’ fingerprints. It is a well known fact that this Wall Street tycoon has been practically running the State Department during the Clinton administration. After all, at his own website, Soros is practically calling for Europe to wage war on Russia, and for the IMF to finance it:

Europe is facing a challenge from Russia to its very existence… All available resources ought to be put to work in the war effort even if that involves running up budget deficits (see “Wake Up, Europe” by George Soros, October 22, 2014).

And when Soros speaks, White House listens. Especially when a Democrat is in residence.

Whether or not Soros was involved, score the second knockdown for the Wall Street-Washington team. Which is too bad for them. Because that one seems to have finally rung some alarm bells in Moscow.

Let Sleeping Bear Lie: from rigs to rockets

Worse for the W-W team, they have not learned from Napoleon or Hitler to let the sleeping bear lie. Their belligerent actions have served as a wake-up call to to the Russian bear.

In his annual address to Duma on Dec 4, the Russian parliament, president Putin Putin Moscow 12-04-14issued a stern warning to Washington and its EU vassals (click here for highlights of his speech):

“We should not forget the lessons of the past,” Putin said, “Just like Hitler failed with his misantrophic ideas, he failed to destroy Russia — everyone should remember how this ends… no one will be able to get a military edge over Russia.”

So there you go… the war canvas has just widened from oil rigs to nuclear launchpads.

“The U.S. and its allies are seeking to change the regime in Moscow through sanctions and attacks on the ruble and the oil price,” Russia’s spy chief Mikhail Fradkov, said this week (see Russian Spy Chief Blames U.S., EU for Ruble, Oil Price Collapse, Bloomberg, Dec 4).

And that will never happen (see PUTIN: U.S. WILL NEVER SUBDUE RUSSIA, NOV 19, 2014).

MOTHER EARTH BIGGEST LOSER

Meanwhile, the business media, like the FORTUNE magazine (Dec 2), are starting to tally the winners and losers in the current oil war. And they figure that the American consumer is among the winners.

Indeed, the gas prices at the pump have finally started to drop. But not before the oil companies gouged every last penny from the American consumer during the high travel season.

B33LnMaIgAAtKyt oil production price tverberg-estimate-of-future-energy-production-1

The average price for regular gas at pumps across America over Thanksgiving two-dollar-gas-12-03-14weekend was about $2.80 — the lowest in four years and 50 cents below last year’s average, according to AAA. Some states are even likely to see prices below $2 per gallon.

Indeed, there is already at least one station in Oklahoma City that was selling its gas for $1.99 per gallon this week (right). Compare that to over $9 per gallon in Norway, also an oil producing nation.

So it’s all goodness, right? Wrong. Because there is no free lunch. Cheaper gas will bring greater subsidies for fossil fuel companies, lower demand for renewable energy provides, like solar or wind, and more pollution all around.

So we may be spending less at the gas pump, but will be choking on cheaper gas as well.

Finally, the greatest travesty. This oil production boom in our country was made possible by fracking, a new method of extraction that ravages Mother Earth, poisons our water supply, and increases risk of earthquakes. And that’s even before considering the risk of nuclear holocaust when the oil war morphs into a shooting one. 

Is that the kind of “winners” we want to be?

Not this writer. So here’s a big thumb-down for this Wall Street-Washington war on Russia. Because its endgame is a war against Mother Earth.

Earth_Globe Wall St shark frack Thumbs down cartoon

* * *

UPDATE DEC 8, 2014

Ron Paul: ‘US provoking war with Russia, could result in total destruction’

Former congressman Ron Paul has lashed out at the resolution the House passed Screen Shot 2014-08-12 at 10.38.25 AMagainst Russia, branding it “one of the worst pieces of legislation ever.” It could even pave the way for a potential war with Russia, as it was with Iraq, he warns.

Resolution 758 strongly condemns the actions of Russia under Vladimir Putin, for what it describes as a policy of “aggression against neighboring countries,” in a motion that describes Moscow’s political and economic domination in the region.

However, Ron Paul says the bill was nothing but “16 pages of war propaganda that should have made even neocons blush.”

READ MORE…

Also…

“THE RAPE OF RUSSIA” – UNDER BORIS YELTSIN – ONE OF THE GREATEST HEISTS IN HISTORY

To understand why Wall Street and Washington hate Putin, see the following 4-part series of articles by Anne Williamson, former Moscow Wall Street Journal correspondent, and author of the book “THE RAPE OF RUSSIA“.

It was Putin who put a stop to the looting of his country when he took over as Russia’s president in 2000. During Yeltsin’s 9 years in power (1991-2000), greedy western “investors,” i.e., Wall Street sharks, and their boots on the ground, the Russian oligarchs, had absconded with over $100 billion of Russia’s assets. It was one of the greatest heists in history.

Rep. Jim Leach, R-Iowa, who headed the House Banking Committee, announced on Sept. 1, 1999 that the Russia scandal could prove to be “one of the greatest social robberies in human history.”

Based on preliminary inquiries, Leach declared that he was “very confident” that at least $100 billion had been laundered out of Russia, an unknown portion of which may have been divert- ed from the International Monetary Fund and other foreign aid loans (see SorosStory – PDF).

And Anne Williamson here explains how it was done…

THE GOLDILOCKS ECONOMY UNMASKED

Tuesday, October 6th, 1998by Anne Williamson — This is the first of a four-part series on the International Monetary Fund, World Bank and the international financial system. The world’s financial elite, now milling about at more…

AN IMPERIAL PRESIDENT’S MONEYBAGS

Wednesday, October 7th, 1998by Anne Williamson — This is the second of a four-part series on the International Monetary Fund, World Bank and the international financial system. Now that the Clinton administration’s foreign policy of more…

RUSSIAN FUNDAMENTALS

Thursday, October 8th, 1998by Anne Williamson — This is the third of a four-part series on the International Monetary Fund, World Bank and the international financial system. The failure to understand where Communism ended and more…

RISKY BUSINESS

Friday, October 9th, 1998by Anne Williamson — This is the last of a four-part series on the International Monetary Fund, World Bank and the international financial system. In the absence of the gold standard, there more…

Read more at http://www.wnd.com/author/awilliamson/#q1AhdGb95yOvy2rf.99

* * *

UPDATE DEC 16, 2014

“CATASTROPHIC” DROP OF RUBLE RINGS ALARM BELLS ACROSS RUSSIA

Screen Shot 2014-12-16 at 1.29.23 PM

Nine days ago, the Truth in Media published an essay on oil and ruble war Wall Street is carrying out against Russia (see OIL WAR 2014: PRELUDE TO SHOOTING WAR?, Dec 7). Since that time, the oil prices have dropped further, while the ruble seems to be in a free fall.

Timothy Ash at London-based Standard Bank described the ruble’s fall as “the most incredible currency collapse I think I have ever seen in the 17 years in the market, and 26 years covering Russia” (Huffington Post, Dec 16).

The ruble came under intense selling pressure Tuesday, falling at one point by a catastrophic 20 percent to a new historic low, despite a massive pre-dawn interest rate hike from Russia’s Central Bank, the Huffington Post reported today. Russian officials were clearly rattled even though state television urged citizens not to panic.

“The situation is critical,” Deputy Central Bank chairman Sergei Shvetsov was quoted by Russian news agencies as saying. “We could not have imagined what is happening in our worst dreams.”

The Central Bank’s surprise decision to raise the interest rate to 17 percent from 10.5 percent in the middle of the night Tuesday appeared to be a desperate attempt to prop up the troubled currency. The ruble has fallen sharply in recent weeks and is down more than 60 percent since January, due to sinking oil prices as well as the impact of Western sanctions imposed over Russia’s involvement in Ukraine’s crisis.

The ruble’s collapse has spurred ordinary Russians to rush out and buy imported products such as fridges and cars, since inflation is making those items more expensive daily. It is also likely to heap pressure on President Vladimir Putin, despite his wide popular support.

The ruble traded at 72 per dollar late Tuesday afternoon — a modest improvement from earlier, when it hit 78.5 to the dollar.

Wall Street Pyrrhic Victory: Ruble’s Freefall Actually Helps Russia’s Most Important Industry

So it looks like Wall Street is winning in its war on Russia?

7471b4d9-9409-4cff-9a29-671b62a27ecc-620x338 mix-ruble-notes ipqfBNSLvSxA

Well, looks can be deceiving. Because so far, this has been a “Phyrrhic victory” for boys and girls in pin-striped suits. Wall Streeters are cutting off their own noses to spite themselves. And to please their Washington detachment. Alas, that’s “fool’s gold.”

The reason is that the ruble’s freefall is actually helping Russia most important industry – oil and gas (see Ruble Freefall Helps to Shield Russia’s Most Important Industry, Bloomberg, Dec 16). Because the oil prices in US dollars have been also dropping by about as much as the ruble.

Today, after dropping below $60, the Brent price then fell to $58.50 a barrel, before recovering slightly to $59.01 (see BBC News report, Dec 16). They are now down almost 50% since June.

year-to-date-change-in-brent-crude-oil-price-in-dollars-in-rubles_chartbuilder

Not so in rubles, as you can see from the above chart.

So while Russia’s plunging currency is becoming a growing concern for policy makers in Moscow, the benefits for the Treasury are swelling as it receives more and more rubles for each dollar of oil export revenue.

ipqfBNSLvSxA

The CHART OF THE DAY shows that Brent crude sold for an average 3,759 rubles a barrel this year, the most on record, even after the mean dollar price of $101.74 dropped to the lowest since 2010.

Russia’s fiscal accounts are benefiting from this year’s more than 40 percent decline in the ruble as it kept pace with a similar slide in oil, which is priced in dollars. The government’s budget surplus is 1.27 trillion rubles ($23 billion) through November, compared with 600 billion rubles in the same period last year and 789 billion rubles in 2012, according to Finance Ministry data. It was 1.34 trillion in 2011.

Oops… maybe the Wall Street financial wizards should retake their Harvard or Wharton MBA classes.

As for the Washington “experts,” by now they are probably used to having the market plaster egg on their faces.

* * *

UPDATE, Dec 18, 2014

PUTIN CONFIRMS OUR THEORY OF US-SAUDI COLLUSION IN HIS ANNUAL PRESS CONFERENCE

In his 3-hour annual press conference in Moscow today, Russian president Vladimir Putin said that Saudi Arabia and the US might have conspired to lower oil prices to harm Russia (and Iran – see Guardian, Dec 18).

And here’s what the Truth in Media said about that 11 days ago (an excerpt from the Truth in Media Dec 7-story “OIL WAR 2014: PRELUDE TO SHOOTING WAR?” (above http://wp.me/p3QU1S-F0):

“Why do we think Wall Street engineered this attack on the ruble in collusion with Washington?

Because if the drop in the oil prices were the only reason behind it, the Saudi dinar would have tumbled down proportionately as well. Yet if you look at the above chart, you will see that the dinar has been rising at the same time as the ruble was being gutted. Which suggests that the Saudis are also playing on the W-W team.”

Putin Saudi US oilmen

* * *

UPDATE MAY 12, 2015

US TAXPAYERS SUBSIDIZING WORLD’S BIGGEST AND RICHEST OIL COMPANIES

Shell, ExxonMobil and Marathon Petroleum got subsidises granted by politicians who received significant campaign contributions from the fossil fuel industry, (London) Guardian investigation reveals

EXCERPT: “Subsidies to fossil fuel companies are completely inappropriate in this day and age,” said Stephen Kretzmann, executive director of Oil Change International, an NGO that analyses the costs of fossil fuels. OCI found in 2014 that US taxpayers were subsidizing fossil fuel exploration and production alone by $21bn a year.

In 2009, President Barack Obama called on the G20 to eliminate fossil fuel subsidies but since then US federal subsidies have risen by 45%.”

TRUTH IN MEDIA: Par for the course for the man habitually talking out of both sides of his mouth.

http://www.theguardian.com/environment/2015/may/12/us-taxpayers-subsidising-worlds-biggest-fossil-fuel-companies

796a52bf-003d-482a-9b3e-c9ed994b8a33-2060x1236

* * *

UPDATED JUNE 15, 2015

It’s interesting to see how often one’s pure intuition gets confirmed later by new revelations and facts. This is what I wrote about Soros and Russia over six months ago (OIL WAR 2014: PRELUDE TO SHOOTING WAR?
DEC 7, 2014):
 
“And George Soros’ fingerprints seem to be all over it. This Hungarian-born Wall Street shark is credited with bringing down the British pound and the Bank of England 22 years ago while making over a billion pounds for himself by short-selling.”
 
Today, June 15, 2015, Mint Press revealed the following leak about Soros…
George-Soros-Chasmic
 

LEAKED: GEORGE SOROS ‘PUPPET MASTER’ BEHIND UKRAINIAN REGIME, TRAILS OF CORRUPTION REVEALED

 
Hacked emails also reveal Soros’ machinations with the US Government and the officials of the European Union in a scheme where, if he succeeds, he could win billions in the plunder of Ukraine assets. All, of course, would be at the expense of Ukrainian citizens and of EU taxpayers.
 
By Mint Press News Desk | June 15, 2015
 
Rarely does the world get a true look inside the corrupt world of Western oligarchs and the brazen manipulations they use to enhance their fortunes at the expense of the public good.
 
The following comes from correspondence of the Hungarian-born billionaire, now naturalized American speculator, George Soros. The hacker group CyberBerkut has published online letters allegedly written by Soros that reveal him not only as puppet master of the US-backed Ukraine regime. They also reveal his machinations with the US Government and the officials of the European Union in a scheme where, if he succeeds, he could win billions in the plunder of Ukraine assets. All, of course, would be at the expense of Ukrainian citizens and of EU taxpayers.
 
What the three hacked documents reveal is a degree of behind-the-scene manipulation of the most minute details of the Kiev regime by the New York billionaire.
 
In the longest memo, dated March 15, 2015 and marked “Confidential” Soros outlines a detailed map of actions for the Ukraine regime. Titled, “A short and medium term comprehensive strategy for the new Ukraine,” the memo from Soros calls for steps to “restore the fighting capacity of Ukraine without violating the Minsk agreement.” To do the restoring, Soros blithely notes that “General Wesley Clark, Polish General Skrzypczak and a few specialists under the auspices of the Atlantic Council [emphasis added—f.w.e.] will advise President Poroshenko how to restore the fighting capacity of Ukraine without violating the Minsk agreement.”
 
Soros also calls for supplying lethal arms to Ukraine and secretly training Ukrainian army personnel in Romania to avoid direct NATO presence inUkraine. The Atlantic Council is a leading Washington pro-NATO think tank.
 
Notably, Wesley Clark is also a business associate of Soros in BNK Petroleum which does business in Poland. safe_image
 
Clark, some might recall, was the mentally-unstable NATO General in charge of the 1999 bombing of Serbia who ordered NATO soldiers to fire on Russian soldiers guarding the Pristina International Airport. The Russians were there as a part of an agreed joint NATO–Russia peacekeeping operation supposed to police Kosovo. The British Commander, General Mike Jackson refused Clark, retorting, “I’m not going to start the Third World War for you.” Now Clark apparently decided to come out of retirement for the chance to go at Russia directly.
 
READ MORE…
 
 
Also see OIL WAR 2014: PRELUDE TO SHOOTING WAR?
DEC 7, 2014 – http://wp.me/p3QU1S-F0
Ruble vs Saudi dinar