by Joseph P. Farrell, GizaDeathStar:
After last week, I thought it couldn’t possibly get any crazier than this, but then I sat down today (Sunday) like I always do, with my keg of ice tea and (shhh…. don’t tell anyone) a cigarette or two to go through this weeks’ emails and articles pile, and found this article from our friend over at Solari.com, Catherine Austin Fitts, and you’re going to want to read this one because it’s a whopper doozie:
TRUTH LIVES on at https://sgtreport.tv/
Now you’ll notice the story is already over a week old, but that that doesn’t take the steam out of the story. Consider the following:
Investors placed bids for over $1 billion in Russian bonds at a Monday credit-default swap auction, according to the Wall Street Journal, as the US Treasury allows trading for one week to allow buyers to settle swap contracts.
The bids come three months after the sanctioned nation had been ruled in default for missing payments to creditors, and roughly two months after it defaulted on about $100 million in payments due to foreign bondholders.
Over the summer, American buyers had been barred by sanctions from buying Russian debt. The Treasury Department’s exemption allows US investors to buy and sell the bonds for seven days.
At the auction, per the WSJ report, investors who bought or sold protection against a Russian default indicated a net interest to buy around $500 million in debt. There were $1.3 billion in bids to buy, and roughly $800 million in bids to sell.
Goldman Sachs emerged as the only participating investment bank to put in a net positive order for Kremlin-backed bonds, as it placed a bid for more than $1.3 billion, according to the report.
So let’s see what we have:
(1) Over $1,000,000,000 was for sale; (2) Russia has been ruled in default for missing debt payments; (3) Americans could not buy Russian government debt because of the sanctions; (4) the US Cobwebs & Treasury department lifted the sanctions for one week and we can only assume that it was so Americans could patriotically clear their books of all that bad Russian paper and buy good American or Ukrainian paper nod nod wink wink wink; and finally (5) Goldman Sachs stepped forward with a $1,300,000,000 bid to buy bonds from a government said to be in default…hmmm…
Now, on my abacus, something isn’t quite adding up. Here I thought all this frenzied week-long suspension of the suspension of trade was because Russia=Bad The Ukraine=Good so clear the ledgers of Russia=Bad boys, but it seems that when the market is allowed to do what it wants to do, there’s no problem with buying Russian=Bad bonds (belly up to the bar boys, or should I say, boyars) and helping Mr. Putin buy more Armata tanks for use in The Ukraine=Good.
The abacus’ algorithms are telling me that this is because Mr. Globaloney senses an opportunity to (1) grab up as much of Russia=Bad debt as it can while the war is going on, (2) this for the purpose of keeping the war going on a little longer, and (3) better it be Russia=Bad bonds rather than the Ukraine=Good bonds because the Ukraine=Good has about as much chance of being noticed as spit in a hurricane.
And it’s nice to know that even when it comes to international law there’s one standard for us deplorables who still think Russia=Not Completely Bad and The Ukraine=Not Completely Good, and a completely different standard for Mr. Globaloney, who may be, in his typically quiet and underhanded way, signaling the beginning of more “de-dollarization”. Frankly, after looking at the mess occupying the White(out) House, I can’t say as I blame him… Oh, and did I mention, all this came before Mr. Putin reminded everyone that an attack on Russian territory could call forth a nuclear response? I wonder what “emboldened” him to restate what has always been Russian doctrine?
