Russia's Plan to Bankrupt the United States

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• published: 12 Aug 2014
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Please Donate to Smaulgld.com https://PayPal.Me/smaulgld/25 Buy Silver: http://shrsl.com/?~5xg0 https://smaulgld.com/impact-of-sanctions-on-russia/ Podcast Summary: 0:00-7:00 Introduction 7:00 – 17:15 Discussion of the lack of an economic recovery, despite the media’s insistence that there is one. Discussion of the media’s denial of the existence of price inflation and its impact on people’s ability to buy homes, hindering the housing “recovery”. The low levels of housing inventory are not holding back sales, rather they are boosting prices. As more inventory has come on the market in the past year, fewer homes have been sold. The problems facing the housing market are caused by a lack of demand, not a lack of inventory. The Impact of American Sanctions on Russia and Russian Sanctions on America 17:15 – 21:45 the U.S. is miscalculating the impact that sanctions on Russia and their retaliatory sanctions will have on the United States. They have the potential to cause price inflation in the U.S. Obama scoffs at Russia, claims they don’t have much of an economy citing that no one is moving to Moscow to get a job. The U.S. view of Russia is that it is a gas station masquerading as a country. This view severely underestimates Russia. Just withholding oil and natural gas can cause a major economic slowdown in Europe. De-Dollarization The more non dollar deals Russia does with others and convinces others not to deal in the dollar impacts the demand for and value of the U.S. dollar, reducing its value. If the demand for and the value of the dollar is reduced just 5-15% import prices in the U.S. will surge, causing price inflation in the U.S. apart from whatever price inflation would occur from the Fed’s money printing. What would the Fed do if there if price inflation not caused by their money printing but rather cause be a drop in demand for the dollar? Another round of quantitative easing? The Russian Concept of Suffering Discussion of the Russian character and its ability to survive hard times through suffering compared with the U.S. citizens’ entitlement mentality giving historic and literary examples. A key theme of the novels of Russian novelist Dostoevsky is ALL is suffering, redemption comes through suffering. In the west all is SPENDING! The West can’t take suffering. If sanctions make U.S. citizens feel poorer, they will demand that their government subsidize their lifestyles to ease the pain. They won’t accept a political solution that says – we can’t afford it any more as the entitlement mentality is too strong. Another misguided point the west is making regarding Russia is saying it is “isolating itself” From WHOM? Russia has always been detached from Europe and certainly always from the US. Russia is actually becoming less isolated as it reaches out to China, Iran, and South America. The western view is Russia won’t last in “isolation” forgetting they have lasted in that state for a thousand years and are becoming less isolated. How Russia Can Bankrupt the U.S. 21:45 -23:40 Price inflation in the U.S. will cause more government spending which will make the problem worse and push the U.S. to a state that might resemble bankruptcy that can only be avoided by printing money to pay for the government spending and thus creating more inflation. It seems like the same tactic the U.S. used on Russia in the 80′s -outspend Russia on the arms race until they collapse. Today is seems that Russia is trying to create an environment where the US over spends on social programs until it collapses. They scoff that anything of value could be happening out side the US and think that the Dollar is “almighty” and that other currencies are just paper issued by lesser nations. The U.S. is no longer the dominant manufacturing/industrial power and has lost its edge in many areas. Many U.S. citizens think that dominance is unassailable. 23:40 -28:20 Discussion of the massive amounts of gold bought by China and Russia. In the U.S. people are not interested in the gold reserves that the U.S. might have. The rest of the world is more interested in gold. U.S. citizens are only concerned about the dollar. Discussion of the value of the dollar and the impact of deficit spending will have eventually on the dollar. Discussion of the conflict between the constitutional restrictions and giving people and politicians what they want. 28:20-30:35 Look! The Car is Going Fast Because Smoke Is Billowing From Its Tail Pipe They see smoke coming from a car that is going fast and think that the smoke makes the car faster so they try to get more smoke- by adding impurities to the economy in the form of cheap money an artificially low interest rates. Price inflation inhibits sales. Lower prices encourages production and spending on that production. 30:35 Discussion of the economic mis education of Americans