by Patricia Harrity | The Exposé
Putin, it would seem, has decided to invade Ukraine as an attempt to prevent the expansion of NATO into the Russian borders. This has been an increasing threat to Russian security according to the Russian President since a Ukrainian government was formed in the aftermath of a 2014 Obama-backed coup.
When Russia invaded Ukraine’s Crimea region, Western nations responded with sanctions aimed at making it more difficult for Russia to transact in the U.S.-dominated global financial system, therefore Putin would have been aware that the response to the invasion of Ukraine, would be predictably the same economic sanctions.
Could this be a Strategic plan from Putin who would have known the exact outcome of his actions?
We are now coming to the close of a financial era that commenced in August 1971, which is that of the “Fiat money,” according to former Bertrand Badré chief financial officer (CFO) of the World Bank.
In 1971 President Richard Nixon suspended the convertibility of the US dollar into gold (source). This in effect ended the 25-year Bretton Woods era agreement and System which had created a collective international currency exchange regime that had been in place since the 1940s. The system required a currency peg to the U.S. dollar so fixed the dollar price to gold (source).
LIVING BEYOND OUR MEANS
The dollar was now free from the gold standard and floated against other major currencies, relieving the pressure on the global major reserve currency and was to unleash a 40-year period of leveraged debt finance, bringing with it a perceived global prosperity and higher living standards for millions of people.
It was also accompanied by bouts of inflation and crashing asset bubbles and now that the discipline to use that responsibility carefully was gone countries began living beyond their means (UK) Unsustainable Debt) (Global debt soars to 356% of GDP).
The debt-based monetary system has an interest rate attached to your money, meaning the debt continues to increase at massively higher rates than the real money increases and according to financial expert John Titus, this results in “periodic bloodlettings.