(Alert). World Bank WARNS. Goldman Sachs WARNS. Bank Of America WARNS. Stock Market Gains! Mannarino (18 min)
Germany Issues Dire Warning As Russian Banks Announce Scheme to Release Frozen Assets(14 min)
https://youtu.be/86NNQnRyA0I
Comments: The financial scheme is actually a forerunner to what might be coming in the tranche of larger frozen assets amount of "300 billion." It is a brilliant warning shot. What this will do is advise all creditors from unfriendly countries that any bills due will forthwith be paid out of frozen asset accounts. That puts the stress back on the governments of unfriendly countries. Russian economic advisers are geniuses.
Looks like they are packaging the unfriendly assets and liabilities into a new entity. In this manner the unfriendly liabilities holders (bank liabilities are assets of bank customers) are pitted against unfriendly asset holders (the new entity since banks treat loans as assets) in future proceedings. Since the two sides of the ledger are balanced, the transaction, or reorganization, is a net zero transaction. On another level it makes sense that in the past they probably balanced unfriendly A&L to maintain net zero or limited exposure to unfriendly problems. Put another way - all the unfriendly stuff goes in one bag, they are handing over and saying pound sand mf. The west did similar things to clean up the books after the 2008 debacle. Germany knows all about this since they were left holding the bag on septic assets - mortgage backed securities. In that money laundering exercise the central banks bought up the septic assets so that our corporate overlords didn't suffer losses. National Socialism in action.
RUSSIA – TURKEY Threatens MILITARY ACTION as INFLATION Hits 73% & TURKISH LIRA Continues to CRASH (24 min).