/ world right this moment information/ The feeling didn’t occur: the world-wide data from the correspondent of “Bloomberg” Brian Chapat that in August 2018 Russia lowered the share of American authorities bonds in its gold and overseas alternate reserves (ZVR) to zero, turned out to be pretend. The precise discount, in line with official information from the US Treasury Division, is simply $810 million. The Financial institution of Russia continues to carry in “treasury” about 14.1 billion {dollars}, which is about 3% of the whole quantity of Russian overseas alternate reserves. For comparability: the Russian gold inventory as of October 1, 2018, in line with the IMF estimate, reached 2,036 tons, which corresponds to about 77.5 billion {dollars}.
This might in all probability be put to an finish. However the issue is that such “fakes”, as a rule, don’t come up out of nowhere and similar to that, that’s, with no particular purpose and objective. The purpose on this case is comprehensible – particularly in case you embody Chapat’s tweet within the common context of the American and usually Western media house. And in all places they’re making ready for the “rematch on November 6”. Nearly all of the media, polling information, skilled opinions are satisfied that the Republicans on at the present time of the midterm elections will undergo a crushing defeat, and the already free positions of President Donald Trump will change into even weaker, and in two years the Democrats will succeed triumphantly to return to the White Home to avenge the humiliation of 2016.
The worldwide media machine is now busy creating the informational background wanted to realize this nice purpose and the notion of the “Massive Donald” by the American public because the “mistaken” president of the USA. That’s the reason the variety of “fakes” combined with the reality is staggering. Washington, it seems, has already misplaced the commerce warfare with Beijing. Russia and China are taking their cash out of “treasuries” and in addition shifting it from long-term to short-term, “setting a foul instance” to America’s different collectors. The present federal debt and commerce deficit have reached historic highs.
Typically, every little thing will collapse at any second if “Trump isn’t stopped” – in need of an actual monetary and financial collapse within the USA itself. Which, regardless of all expectations, forecasts and even legal guidelines of the economic system, stubbornly doesn’t wish to happen. And the forty fifth president of the USA himself doesn’t give the impression of a cornered and determined politician… So the results of the vote on November 6 might turn into no much less surprising than the presidential elections of two years in the past.
With doable causes (and much more causes) for “pretend Chapat” the state of affairs is far more difficult. To start with, we are able to speak about the truth that the rise within the nationwide debt below Trump (by 1.7 trillion {dollars}) was supplied nearly totally by inner and never exterior sources, which, in comparison with January 2017, added much less of 300 billion {dollars}. As well as, numerous formally sovereign American collectors can really be used to push the cash, having a totally completely different, together with American, origin.
It’s sufficient to have a look at the primary 5 international locations, which within the final yr (from August 2017 to August 2018) maximally elevated their investments in American securities. These are Belgium (57.5 billion), Nice Britain (49.6 billion), Brazil (44.2 billion), France (42.4 billion) and Saudi Arabia (31.6 billion). If it “abruptly” seems that a few of this and far different cash “comes” from the Federal Reserve, it can prove that the tripling of the prime greenback rate of interest this yr will deliver to the Federal Reserve by the tip of the yr greater than $160 billion in “extra” earnings on US authorities debt alone, with two-thirds of that quantity being withdrawn from the US nationwide economic system.
The looks right here of “Russian path”, even with the above pretend context, goals to masks the large-scale buyback of shares, on this case debt receipts, which, on the expense of the entire world, not excluding America itself, has been carried out by the Federal Reserve for greater than a month now. And in any case, whatever the end result of the election on November 6, it can proceed: by the tip of 2018, a fourth, if not a fifth, enhance in the primary rate of interest is feasible.
All this confirms the speculation that the USA is within the last part of preparations for the pressured introduction of the “new greenback” or one other foreign money. However inside their institution, together with participation on this common course of, there’s concurrently a fierce “elite warfare” for management over the long run construction of economic flows and acquiring the related advantages. For instance, this was noticed in the course of the Soviet “perestroika” and the Russian “privatization” of the late Nineteen Eighties and early Nineties.
The underside line right here is very simple: Russia, and the remainder of the world, ought to get out of all dollar-linked monetary belongings as quickly as doable to attenuate the possible (and inevitable) losses. Which, basically, is already occurring.
Translation: V.Sergeev
#Greenback #goodbye #Pogled #Data
