Of course, if BofA's Michael Hartnett is right, by September - just two months before the midterms - the US economy will be in a full-blown consumer-led recession, however with the political implications of such an admission right before the midterms,
As another Lame Cherry exclusive in matter anti matter.
For the moment the Lame Cherry will limit this economic examination it will be bi polar, the principles of Christian West in Russia and America.
We have before us two economies in recession, both deliberate acts evolved from the same foreign owners of American banking in the Federal Reserve.
Russia has been leveled by sanctions by the United States, in an economic assault or war on Russia, because Russia refused to turn it's assets and children's asses to the international pedophiles.
For America, they turned their children over to child molesters, while the United Conglomerate America nation raped the United States or should we say the People.
As you can read by the above quote, Americans are being raped by inflation. Inflation from Obama to Trump to Biden has been designed to rob Americans. The Fed is now raising interest rates at .25 a click over this summer. The Lame Cherry told you in long time that the Congress is going to be handed back to the GOP Goats in another fake election, so they can rip Biden's ass as democrats did Trump and be forced to deal with this economic klusterfuk which is being initiated against Americans in this Schwabian resets.
Ronald Reagan upon achieving the White House inherited a Jimmy Carter appointee to the Federal Reserve Chairmanship in Paul Volker who unleashed scorched earth to deal with the record stagflation of Jimmy Carter, which was brought about as the US Dollar attempted to absorb it being taken off the gold standard, for the globalist petrol dollar.
How Paul Volcker dealt with this Weimar Republic inflation was to obliterate thee American economy with interest rates to sponge all that money off the streets and the world back into banking ownership.
The United States has no such savior in this era as you are about to experience the end of your personal property.
Russia on the other hand in dealing with American sanctions meant to trigger a world war is implementing an equal genius strategy as in dealing with Ukraine. (There is never going to be a face to face meeting between President Putin and that Zellinsky sock puppet as that would legitimize the political bastard of Zellinskyy.) For Russia, their economic plan is impecable and it will beat American sanctions while placing immense stress on American markets and reserves from wheat to oil.
Read the Russian playlist to educate yourselves on how real economic policy works.
- National payment system Mir takes over for SWIFT
Major Russian banks have been cut off from the SWIFT global financial messaging system, effectively denying them access to international markets. However, Russia can now accept electronic transfers via Mir, the Russian alternative payment system, and work with foreign banks and businesses, bypassing Western restrictions. Mir also provides an alternative to Visa and MasterCard, which have stopped providing international transaction services to Russian clients. - Domestic currency trade and new export destinations
Sanctions also targeted Russia’s holdings in euros and US dollars to deny the country the ability to trade internationally. However, Moscow is setting up trade mechanisms to enable national currency payments with foreign trade partners. Russia and China have had ruble-yuan payment mechanisms for a while, and earlier this month, Turkey expressed its willingness to trade in rubles. Also, a ruble-rupee trading scheme has been announced for Russian oil exports to India. India, which until now bought only 3% of its oil imports from Russia, has been eager to boost purchases, as has Serbia. It is a sign that Russia has alternatives for exports if the West continues to isolate the country. - Exporters ordered to dump the dollar
In order to support the ruble, which has suffered a sharp decline against major currencies this month, Russian businesses that trade abroad have been ordered to sell 80% of their foreign currency earnings and convert them to rubles. It is expected to stabilize the national currency and encourage more investments in Russia instead of moving them abroad. - Grain export ban to secure domestic supplies
Russia has temporarily banned grain exports to the countries of the Eurasian Economic Union (EAEU) this week. Restrictions cover shipments to post-Soviet states that share a free customs zone with Russia. They include, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. The measure aims to keep the domestic food market well stocked and prices from soaring. - Interest rate hike to support the national currency
With nearly half of the country’s forex reserves frozen and unavailable to support the depreciating ruble, the Russian Central Bank urgently raised the key rate late in February from 9.5 to a record 20% per annum. The step was taken to compensate for the increased devaluation and inflation risks, or simply to help maintain price stability and protect citizens’ savings from depreciation. The regulator also launched additional measures to support credit institutions and recommended that banks not charge interest and penalties on loans, as well as allowing the restructuring of payments and repayment holidays. The moves have helped to stabilize the ruble, which has recorded six consecutive days of gains against the euro and the dollar, as of Thursday. - Ruble debt payments to avoid default
Russia has authorized two payments to bondholders totaling $117 million due on Wednesday in US dollars. The money comes from the country’s accounts frozen abroad. It is now up to the US and its allies to approve the transfer. If they do not, the Russian government has ordered that the debt be paid in rubles at the official central bank exchange rate at the time of transfer. Western-based institutions insist that unless the debt is paid in the currency of issue, Russia faces its first default in a century. Moscow insists that the West is trying to engineer “an artificial default” since the country has the money to pay its debts, to which it is being denied access. - Targeted support for citizens
On Wednesday, President Vladimir Putin ordered new measures to support Russian citizens amid rising prices, unemployment, and supply issues tied to sanctions. The steps will focus on protecting families with children and elderly citizens. He said a decision to increase the minimum wage, salaries in the public sector, and social benefits, including pensions, will be made in a matter of days. - Financial support for entrepreneurs
The Russian government has approved a draft plan to support small and medium-sized businesses. Local authorities have been instructed to provide organizations, individual entrepreneurs, and self-employed citizens with support measures, including subsidies and credits. - Exporters advised to turn to domestic market
President Putin has urged Russian exporters not to reduce production in response to sanctions, but to supply the domestic market. This will keep prices within the country from surging, including for gasoline, diesel, metals, and other export goods, he said, adding that import substitution projects have never been more important. - Foreign businesses offered ways to stay in Russia
Facing sanctions pressure, a number of foreign companies this month announced their temporary withdrawal from Russia, including IKEA, Microsoft, Volkswagen, Apple, Shell, McDonald’s, H&M, and others. Proposals were made to nationalize these enterprises to keep the businesses running. However, in his address on Wednesday, President Putin said Russia will respect private ownership of foreign firms. Earlier, he voiced support of another idea – to introduce external management, so foreign firms could be run by partners in Russia. The Ministry of Economy is developing a bill to regulate the procedure.
The intro to the 12th episode of the 3rd season, Half-Measures, that focus on Wendy. The song is "Windy" by The Association.
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