Reply #37: Mamayev Kurgan [View All]

[54anickel]

Motherland Russia is calling once again, her banking system an open cry shouting West.

This morning's latest issuance sounds a bit like John Snow bull horning the dollar in order to avoid an untimely, pre-election attack, but very little nowadays is what it appears.

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Given the praise lauded upon the Russian Banking System in March of this year, one must wonder what has transpired. Clearly, Bank Reserve requirements are not halved due to wellness. It appears the Russian Central Bank has begun to backtrack from its attempted purge of Laundromatic Banks having grossly underestimated its effect upon CONfidence.

Sodbiznesbank and CreditTrust liquidations, although smaller in scope of operations, clearly sent a signal to an already-shaken foundation, not six years young. Yet, larger Banks such as Alfa and Dialog-Optim are screaming foul play in attempted hostile takeovers of their asset bases for Kopeks on the Ruble. This is lent credence by the Central Bank announcement on July 7 that Guta Bank, with half a million private clients, "may" be bought by state-owned Vneshtorgbank. Banking consolidation does, in fact, lead to even broader powers and control, so it's no stretch to wonder, if by design, the entire crisis was not fabricated in order to tip the ministry of "word doctors" hand at the Russian Central Bank.

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Stand back, as it's certainly going to be interesting. Economic regimes 'round the Globe appear to be faltering by design, by an "invisible hand" or perhaps by their own. The Russian Oligarchs are being driven out by the Statist 'powers that be' accused of Wild Cat operations in Energy, Mining and now Banking.

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