/ world today news/ With Elvira Nabiulina, everything is going according to plan. Mikhail Khazin revealed the Central Bank of Russia’s multi-step scheme with the ruble. According to him, the original goal of the Central Bank, which acted at the behest of the IMF, was not the devaluation itself, but one of its key consequences. He outlined the stages of a possible special operation against the Russian economy.
The increase in the main interest rate by 350 basis points at once – to 12% – was presented by the Central Bank as a coercive measure against the background of the dollar’s out-of-scale exchange rate, which currently exceeds 101 rubles. And indeed, after the sharp step of the Central Bank, the national currency began to strengthen.
Thus, as of August 18, the dollar on the Moscow Exchange was trading slightly above 94.7 rubles, while the euro rate was fixed at 102.1 rubles. However, many analysts fear that the game is not worth the candle.
According to them, the stabilizing effect on the foreign exchange market will be short-term, but at the same time, the more expensive loan will have a negative impact on business and economic development, reported in “Tsarigrad. Main Program”.
He discussed the controversial situation surrounding the devaluation and the monetary authorities’ attempts to stop the fall of the ruble with economist Mikhail Khazin. The expert revealed what could remain behind the scenes of the collapse of the national currency.
Western Path
The interlocutor of “First Russian” noted that despite the sanctions attacks, the Russian economy not only survived, but also returned to growth.
At first the West was surprised by this fact, but soon the astonishment was replaced by irritation and he moved to action.
“Accordingly, it was decided that the best option is to make the credit prohibitively expensive. And there was some kind of operation…”, emphasized the economist.
So, the ruble was artificially collapsed. And against the background of the panic, the Central Bank sharply raised the basic rate as a “salvation” and supposedly only in the name of stabilizing the exchange rate.
The expert explained that it is no longer a secret to anyone that the Bank of Russia is de facto subordinated exclusively to the IMF and continues to diligently implement its recommendations, which are actually direct orders:
The initial impetus for action for a number of local officials, including the leadership of the Central Bank, was the directives of the International Monetary Fund.
Hazin also emphasized that there are no real fundamental economic factors at the root of the current currency crisis. However, there are deliberate distortions of statistics designed to show that such grounds supposedly exist.
Mikhail Khazin voiced the non-obvious reason for the fall of the ruble. In his opinion, the Central Bank and the IMF are implementing a long-term plan for the destruction of the Russian economy. Photo Constantinople.
Is the central bank covering the speculators?
According to Tsarigrad’s interlocutor, there is also no doubt that currency speculators are involved in the collapse. This is proven by the dynamics of the exchange rate.
So the dollar can either fall or strengthen by several rubles in one day. That is, there are games of big players who have made large-scale currency transactions and thus diffused the volatility.
“We can also make a reasonable assumption that individual employees of the Central Bank may be connected to these speculators,” says Hazin.
“What’s more, these employees may even be partial beneficiaries of these schemes. But I wouldn’t talk about it as a certain approved fact,” he emphasized.
Why is everyone silent?
The economist admitted that he understood the reason for the silence of both the media and government officials, despite the colossal collapse of the ruble and the strange situation in the foreign exchange market:
If I were in their place, I would be silent too. I’m going to reveal a terrible secret. The other day I gave advice to a person, an official, when he asked me what to do. I told him to shut up and be quiet.
For a perfectly understandable reason: this whole situation has crept out of the professional sphere and climbed into the political sphere. For this reason, an official, who by definition cannot play political games in his place, cannot now comment on anything.
For example, MPs can speak, but they are in complete hysteria. Let me explain in a primitive way: let’s say you swear [ръководителя на Централната банка Елвира] Nabiulina and she remains the chairman of the Bank of Russia …
Or you praise Nabiulina and she is suspended. Both, from the point of view of a person who acts in the political space, are inadmissible.
Read more about the hidden reasons for the devaluation of the ruble in the video version of the Constantinople program.
Translation: SM
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