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June 23, 2024 - Health Ranger - Mike Adams

15:13

Why the West's BRAZEN THEFT of Russia's assets will catastrophically BACKFIRE

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	It's amazing to me to watch people like Janet Yellen justify the mass theft of assets from Russia.
	To say, well, we stole $300 billion from them because we can.
	And actually, of course, the West never says that they stole them.
	They say that these are immobilized assets.
	Well, who immobilized them?
	Oh, you did!
	You immobilized them, and now you're stealing them.
	So the latest scheme, as you may know, is that the West is going to take the interest earned off of this $300 billion in stolen Russian assets, which is somewhere around 4%, 4.5% per year annual return.
	I got that number from Jim Rickards, so it's probably very close to the mark.
	And then they're going to take that interest earned, and they're going to use that to make payments on a $50 billion loan to Ukraine, this loan being fronted by the United States of America, which means the taxpayers are on the hook for the loan.
	And again, the loan's going to be paid back with the interest earned from the seized assets.
	But here's the problem in all that, and Jim Rickards has been the one sounding the alarm on this, or James Rickards, depending on I think he's the author of Currency Wars and several other books.
	I've read all his books.
	But there's a clearinghouse financial institution called EuroClear.
	And I know it sounds like a brand of vodka or something, but it's not.
	It's actually...
	I don't know everything that it does, but...
	EuroClear apparently can be sued by Russia in its various jurisdictions because EuroClear actually holds most of these stolen Russian assets at the moment, apparently.
	Which are, I guess, held in European banks in Euros as the currency and EuroClear has authority over this money and over these accounts.
	Okay, so EuroClear Is the institution carrying out the actual mechanism of the theft, according to Jim Rickards?
	Well, Euroclear has offices all over the world.
	I think they have offices in Hong Kong and Singapore, for example, and other places.
	And so Russia can simply go to any Euroclear office in some other jurisdiction and file suit and say, hey, this organization has stolen...
	Up to $300 billion of our money and we are demanding the court lay claim to this money.
	And the courts will agree to do that because it's very clear.
	The law is clear that EuroClear and Western governments committed acts of straight up theft.
	They stole this money from Russia and what they did was illegal.
	So the courts are going to rule in favor of Russia.
	And then Russia is going to be able to go back to the European office of Euroclear and other offices around the world and just, with a court order, lay claim to their assets.
	And according to records, this is going to thrust Western finance into turmoil and chaos.
	Because all of a sudden, their theft scheme is exposed.
	It's kind of like the International Court of Justice exposing the crimes against humanity being carried out by Israel against Gaza, you know?
	And the ICC eventually probably issuing arrest warrants for people like Netanyahu and others.
	Gallant, you know?
	But this will be happening financially in this case.
	And financially...
	These Western governments are going to be in a total panic and the Western banking institutions in a total panic because they won't be able to succeed in carrying out the full theft.
	And the problem is they will have already spent some of the money on the payments to the loan of the $50 billion to Ukraine.
	So Russia is going to be able to have a court compel The West to not only return the $300 billion to Russia, but also all the interest and maybe penalties on top of that, which means that somebody's got to recall the $50 billion loan from Ukraine, but Ukraine can't send the money back because Ukraine's already vanished.
	It's gone into the pockets.
	Of all the corrupt officials, you know, all that money's already been laundered and recycled through who knows what, Bitcoin or whatever, back into the State Department employees and the U.S. senators because they're all bribed and paid off to keep voting for this kind of nonsense.
	So that $50 billion is gone.
	It's never coming back.
	Which means then the U.S. is going to be in default if they don't come up with the money here to pay back Russia.
	And the U.S. won't pay back Russia because they are philosophically opposed to that.
	So the U.S. will eventually be in default.
	And there was a Reuters story just the other day that Ukraine is about to go into default because of, I think it's $20 billion in debt that it owes to groups like BlackRock and some other investors.
	And the payments on that debt were suspended in 2022.
	And, you know, the lenders said, well, we'll wait for the war to be over and then Ukraine can resume payments.
	Well, now it's obvious that Ukraine cannot resume payments ever because Ukraine is a failed state and Ukraine has lost the war.
	Russia is already victorious.
	It's just a matter of sort of how the final chapter plays out.
	So Ukraine can't make loan payments.
	So Ukraine is going to be in default in August for these loans, the $20 billion in loans.
	That's not the $50 billion that the U.S. lended it more recently with stolen Russian money.
	Ukraine will be in default, which means that Ukraine will not be able to acquire any additional funding from anybody, because if you're in default, what kind of interest rates could you get on a loan?
	20%, forget it.
	Well, what happens if the U.S. goes into default against Russia?
	Bye.
	No doubt the White House would announce, that's fake news.
	It's not real.
	That's what they say now.
	Everything that's real, they just say it's fake.
	It's so juvenile.
	You know, like videos of Joe Biden wandering off.
	They call it a deep fake now.
	It's not a deep fake.
	It's a deeply retarded fake president.
	That's true.
	Deep fake president.
	But the video's real.
	But what happens when the U.S. defaults in its debt obligations to Russia?
	Well, then the U.S. can't get funding.
	In other words, the Treasuries, the U.S. would have to offer like 10-12% returns on Treasuries to get anybody to buy them, maybe more.
	And at that pace, the collapse of the dollar, the collapse of the U.S. empire is, it's just put on high speed at that point.
	Double down, triple down, compounding interest, rule of 72, all that.
	The U.S. ends up just obliterated financially with the dollar collapse.
	So this move to try to steal Russia's money is also going to backfire on the West, and the West is going to end up, especially the United States, in default to Russia.
	And in doing so, the West is going to destroy its ability to finance its future debt.
	And from that, we will see the collapse of the U.S. Empire.
	We will see the collapse of the dollar, the collapse of Washington, D.C. And frankly, given how much evil is being achieved by printing the dollar, the end of the dollar as we know it will be a day of celebration for the entire world.
	We should call it World Freedom Day.
	We should end...
	Any reliance on fiat currencies the government can print and instead return to honest money, which is money backed by gold.
	Well, gold is real money.
	Fiat currencies are not money, but I'm saying fiat currencies could be backed by gold and silver, and that would make them a lot more honest.
	And those of you who own gold and silver are going to do great during this whole thing.
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	Get ready for what's coming.
	It's going to be a very interesting chapter of history, that's for sure.
	I'm Mike Adams.
	Thanks for listening.
	Brighttown.com for more podcasts, videos, and interviews.
	God bless America.
	Take care.
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