Back to front raggy dolls.

Most of the people I’ve discussed the topic are totally oblivious that sanctions are in fact spitting to our own bowl.

But Russia is just too big to be sanctioned without blowback.

Zoltan Pozsar from CreditSuisse explains well.

” if you believe that the West can craft sanctions that maximize pain for Russia while minimizing financial stability risks and price stability risks in the West, you could also believe in unicorns.”

” This crisis is not like anything we have seen since President Nixon took the U.S. dollar off gold in 1971 – the end of the era of commodity-based money. When this crisis (and war) is over, the U.S. dollar should be much weaker and, on the flipside, the renminbi much stronger, backed by a basket of commodities.
From the Bretton Woods era backed by gold bullion, to Bretton Woods II backed by inside money (Treasuries with un-hedgeable confiscation risks), to Bretton Woods III backed by outside money (gold bullion and other commodities).
After this war is over, “money” will never be the same again…”
https://plus2.credit-suisse.com/content/dam/credit-suisse-research/SearchPDF?DocumentID=1191091&DocumentType=NR%20Publication&documentClick=true&AuthRequired=true&tagFormat=PDF&fbclid=IwAR35KiCUvVLtPYb8MJ0qHRoxD3uSAOgEJqdhsQj9FftgYOUsBxh0DKFmd3Y

The last article from Zoltan.
“…..it reminds us of J.P. Morgan lending its last penny in the o/n repo market in September 2019 and then nothing. The Fed had to top up the banking system with reserves, but that was easy. As we said in our last dispatch, it’s easy to print money, but impossible to print gas and oil to fuel industry, transport goods, or heat homes, or to print wheat to eat.”
https://plus2.credit-suisse.com/shorturlpdf.html?v=51ty-SO8-V

And some more from him.
Money, Commodities, and Bretton Woods III
https://plus2.credit-suisse.com/shorturlpdf.html?v=51io-WTBd-V

What Zoltan predicted already happened on small nickel market. Still it was unprecedented, LME cancelled one day of trading!! Nietzsche said god is dead, LME said market is dead.
https://reuters.com/business/lme-suspends-nickel-trading-day-after-prices-see-record-run-2022-03-08/

maybe you are right
but I wonder how would you explain this to joe sixpack
we don’t need every joe, still we need many

certainly, new age stuff is not my cup of tea

You are better off not eating bread. Carbohydrates [i.e. bread] deposit fat in the body/abdomen which is almost impossible to get rid of. Plus not much nutrition in “cheap sliced bread”.

“What if that nightmare is planned? ”
Of cause it is planned. Have you heard of The Great Reset, Digital ID/5G/Vaxx, CBDC, Basic Income, Social score? All coming up by 2030… All will be born out of chaos caused by food/energy supply/digital disruption and hunger.
Tactical nukes across Europe to top the cake. Uber alles…

Russia mostly repaid its foreign loans and stopped borrowing from foreigners. Used cheap domestic credit and own central bank money instead. High energy and commodities export prices helped.