From the myth of Russia's payment default to the collapse (reset?) of the global financial system

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How much of the bumbling, lying, stupidity, hypocrisy and projection that we are currently seeing from the increasingly aloof political class in the West is down to hubris and self delusions of a former time? That stuffed pig paraded as a rules based global power structure with the checks and balances we have been taught are inherent in our free society dont seem to be there do they. 

They confess all the time, by projection at other leaders. Apply thier accusations to them and it is enough to explain all the bizarre events happening because once you understand the scope to behave in such ways without any apparent oversight, exposure, headline grabbing scandal or consequences, then it makes sense to see that during the last dying kicks of a bloated  hegemony so thickly entrenched with the bureocratic infrastructure designed to rigidly maintain the status quo on on the Judeo Christian Anglo American Empire, the first secret empire. An empire of spin, deception and a bag of sweeties to lure you to the car where you may find a shovel, rope, a saw and cable ties. That empire has realised an information age it is now tasked with containing. Once free access to the the uncensored thoughts of others created an open source citizen journalism phenomenon to replace the consumers of corporate spin they preferred. That would mean honest debates on the issues would actually take place, issues would escape the fishbowl and debate would advance those issues instead of the the social engineering of "Divide and Rule" designed in order to sew division between by taking advantage of entrenched cultural, ethnic, religious  and ideological  flash points to the point of fear. In that climate the population votes or appeals to the power structure involved to please intervene to save one demographic from whichever other one has been engineered by social institutions and contemporary values (or actual people who "conspired" to manipulate puplic perceptions.) 

The stuffed pig presented as a rules based international order (they renamed "New World Order" on advice of think tanks) that is is the parade float (with their presstitutes, the PR Firms, er sorry I mean the mainstrean syndicated media conglomerates) riding along with them is facing the consequence of decades of blatant plunder and needs an enemy and an excuse to avoid ccountability.  Still, you would thinl they would put a bit more effort into it? How nuch idiocy is coming exactly from incompetence and how much is just them just rolling it until the great reset is hard to asses. Its even possible there is a faction with influence and persuasion that are actively designing the strategy best thought likely to collapse the current system.

If so,  it excuses no crime because current institutional and cultural values would ONLY be able to interpret such a mindset on terms of words such as: Treason, sabotage, ambush, undemocratic, State Capture etc. 

Legally cases could be shaped around conspiring to overthrow representative government, overthrowing transparency , (oversight) or removing remove accountability to voters for policy and taxpayers for failing to manage their taxation wich funds government for infrastructure, utilities and civil services and instead give to banks, the MIC and Wall Street. CRIMINAL mismanagement of public funding.
Is 6that the "Rules based" order they speak of?
 
Why is there no accountability? How did they become unelected bosses not civil servants to your constituency? And by contrast, what moral high ground allows them to point fingers at other leaders and suggest THEIR management of anything is no bad that THEY want to intervene on behalf of freedom and democracy? If this were so 2my are they not doing so on behalf of their own people? 



by Karine Bechet-Golovko.


While the United States did everything to prevent Russia from paying its debt, it sent the funds ... only foreign financial institutions received the American ban on returning them to creditors and crashed. Who is in default, the one who pays or the one who prevents payment? The United States has gone so far that even the French media cannot digest it. Because the question that now arises is that of the reliability of the United States as a financial partner: are they going to default on any country that is not sufficiently vassalized? These are mafia methods. And the current global financial system is only an instrument of this mafia, as he has just shown.




To cause Russia to default, the United States prohibited financial organizations from processing the payment made by Russia on time. Thus, the money is blocked, not transferred to creditors, and American agencies and media can finally talk about the effectiveness of their sanctions, which did not allow Russia to pay its debts.




Bloomberg had launched the movement:




The speech is laid, I quote Bloomberg:




"Russia has defaulted on its external sovereign obligations for the first time in a century, the culmination of ever-tougher Western sanctions that have closed payment channels to foreign creditors."




And the New York Times takes the same line, the official American line:




"Russia on Sunday missed a deadline to make bond payments, a move signaling its first default on international debt in more than a century, after Western sanctions thwarted government efforts to pay debts. foreign investors. The delay comes on top of efforts to insulate Moscow from global capital markets for years. About $100 million in dollar and euro-denominated interest payments failed to reach investors within a 30-day grace period after the May 27 deadline was missed. The grace period expired on Sunday evening."




For its part, the French media have a more nuanced discourse, insisting more on the fact that Russia has paid and that the payments have been blocked, like BFM which, contrary to its habit, widely disseminates the Russian position on the question:




"The international payment and clearing systems obtained the funds on time and in full and had the legal and financial means to transfer the funds in question to the final recipients", denounced the Russian Ministry of Finance.




Le Figaro even titles that Russia has been pushed into an artificial default, echoing the position of the Russian Ministry of Finance:




Moody's agency, the voice of its master, insists on default - whatever the reasons, the creditors have not received the funds, so there is default. And since Russia plans to pay the rest in roubles, there will still be a default. Behind the excess of formalism, we feel the ideological line: there can be no life outside the global world, Russia having emerged from globalization, cannot exist, it must therefore be decreed in default.




For its part, the position of the Russian Ministry of Finance is very clear, it is based on the notion of default of payment:




"According to the issuance documentation for the issuances shown, the fact of default is the debtor's failure to pay, however payment was made in advance - May 20, 2022. In this case, the non- receipt of the money by the investors did not occur as a result of default in payment, but due to third parties, which is not expressly provided for in the issue documentation as an event of default and must be considered within the framework of the general rules of law governing the terms of the issue, taking into account all the circumstances and the good faith of the acts of the parties”.




In other words, Russia cannot be held responsible for acts committed by financial structures not under its jurisdiction. Thus, Russia is not in a situation comparable to that of 1918: it has the means to pay, despite Western sanctions and it has paid. It is the globalized financial system, which has just collapsed before our eyes, because it is no longer able to guarantee the rights of creditors.




The question that begins to arise is ultimately that of the reliability of the Americans and their pocket financial structures, which can be launched against any country, from the moment it is not sufficiently submissive. The western "partners" of the United States, namely its satellite countries (from the American point of view), should seriously ask themselves the question: do they really need this? What happens with Russia can happen with any of them, if the circumstances demand it. That is, if the global Atlanticist interest is at stake.
 


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