Deliberate? Yes deliberate because it’s utterly predictable, will serve the interests of those who stand to profit from the crash ( http://thoughtcrimeradio.net/2011/11/bernanke-federal-reserve-caused-great-depression/ ), and is based on the false premise that the US sponsored coup in ukraine was somehow an act of russian aggression. Unless you think a government which oversaw the export of its own industrial infrastructure and is incapable of prosecuting the perpetrators of the 9/11 false flag which has led us into a succession of ruinous wars and the destruction of the foundational document of the republic is somehow an expression of the national interest.
VLADIVOSTOK (Sputnik) – Japan Bank for International Cooperation (JBIC) is turning to currency swaps as using the US dollar in transactions is difficult because of the Western anti-Russia sanctions, the bank’s senior managing director said answering a question from Sputnik.
“We’re now studying that [the effects of ruble devaluation]. We need some of the swap arrangements with the local banks. We are elaborating opportunities with Russian banks such as Gazprombank, VTB, VEB… Because of the US sanctions, we cannot use the US dollar anymore, we have to switch to other currencies,” Tadashi Maeda said on Thursday, speaking after a conference at the Eastern Economic Forum (EEF) in the Russian city of Vladivostok.
Commenting on the usage of the ruble in swaps, he noted that its interest rate is very high at the moment and this could “hinder” the swaps.
China launched swaps and forwards between the yuan and the Russian ruble in December 2014, making the ruble the 11th currency in the yuan swaps trading. …