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June 14, 2024 | G7 Dancing with Russian Assets and Poking the Bear

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

G7_Leaders_Reach_Deal_to_Unlock_Frozen_Russian_Assets_for_Ukraine 6 13 24

The G7 (Group of Seven) leaders reached an agreement on June 13th to utilize frozen Russian assets in their continued support of the war in Ukraine. However, they dance very carefully with the bear. They are NOT handing the actual assets to Ukraine – the most corrupt country perhaps in the world. The Pandora Papers revealed that Ukraine had the highest number of politicians from any country with a secret offshore account. Even Forbes Magazine said that Ukraine owes it to the West to clean up the outrageous corruption. Foreign Policy Magazine asked how deep does the corruption in Ukraine run? The joke in the US is that Biden Administration has created more billionaires than any other administration in history. They all just so happen to be in Ukraine. Others are asking should they just send their income tax directly to Zelenskyy?

Dollar Black Hole

The G7 will provide the black financial hole we call Ukraine with a loan using frozen Russian assets as collateral. The corruption is so pervasive, and accountability is ZERO, so they have wisely concluded not to actually turn over Russian assets for Putin would then be justified to just confiscate ALL assets held by Western countries and private/public corporations to compensate what is a violation of international law – which nobody cares about anymore.


The total sum is unclear at this time, but the United States has committed $50 billion thanks to Blinken, who has family tied to Ukraine, the same as Victoria Nuland.  The risk will be shared among the other G7 nations, and this risk is substantial, for Ukraine will no longer exist as a country when this is over based on our computer models. Zelenskyy is too busy stuffing his pockets to actually care about his people or the future. He is banking on NATO invading Russia and extinguishing it as a country so he can then seize all the assets of Russia for Ukraine.

What most people do not understand is that the removal of Russian banks from SWIFT did NOT include the ones that Europe pays for energy. They do not want to talk about that publicly, and others are pretending that all these transactions are going through crypto. Behind closed doors, if the US tried to remove those banks from SWIFT, Europe would be in revolution, for the continent would go dark, with no food, light, heat, or industrial production.

Neocon Couple Kagan Nuland

Victoria Nuland is really of Ukrainian Jewish descent. Her family changed their name to try to hide their Jewish ethnic background. She really would be Nudelman, not Nuland. She is actually the daughter of Yale bioethics and medicine professor Sherwin B. Nuland, who changed his surname from Nudelman to Nuland. She retained her family name, Nuland, to perhaps further hide her Jewish/Ukrainian connection by marrying Robert Kagan. Ron Paul plainly wrote: Victoria Nuland exemplifies the neocons who have led US foreign policy from one disaster to another for the past 30 years while evading accountability. 

Blinken Anthony

Anthony Blinken also has family ties to Ukraine, which also introduces a conflict of interest regarding anything to do with Russia. He was born in 1962, the son of Donald M. Blinken, who was born on November 11, 1925, in Yonkers, New York. Anthony’s Grandfather was Moritz (Maurice) Blinken (1900-1986), who was born in Kiev and married his wife, Ethel Horowitz (1903-1997).

Anthony’s grandfather and mother were of Ashkenazi Jewish descent, which is significantly different from the Spanish Sephardic Jews. All Reform and Conservative Jewish congregations belong to the Ashkenazic tradition. I knew Edmond Safra, who was a Sephardic Jew. His family disapproved of his marriage to Lily because she was an Ashkenazi Jew.

Blinken’s Great-Grandfather Meyer Yankelevich Blinkin (1879 – 1915) was from Kiev, then the Russian Empire who, according to Antony Blinken himself “fled pogroms in Russia” which were a violent riot that was aimed at massacring and expelling the Jews in Kiev in 1905. Meyer fled Kiev when he was 25 years old in 1904. His two grandsons, Alan Blinken and Donald Blinken, served as U.S. ambassadors to Belgium and Hungary, respectively.

This is most likely why Zelenskyy married a Christian, baptized his children, and only said he was Jewish after becoming president. He would even make jokes about confiscating assets from Jews and Russians before becoming president.

For him to admit that his family was persecuted by Russians certainly colors his judgment, and it appears that this connected Jewish/Ukrainian group has weaseled their way to the top and directed US foreign policy against Russia for personal animosity. They have always been promoting World War III and appear to have very deep hidden roots that should not be allowed to influence such policies.

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June 14th, 2024

Posted In: Armstrong Economics

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