nova

Why You Should Stick With the Dollar and the U.S.

Some people do NOT know what they are talking about.

People who can barely find a country on a map become the "specialists" about country, its people, its economy, and its political system.

The former US Secretary of State Rise was specialist on USSR. Fantastic. No wonder that US foreign policies are in such deep shit.

Speaking about Russia, I was born there, graduated from their top Moscow university, and worked in their Academy of Science. Trust me, the author talks total nonsense about USSR/Russia.

Let us look at the author statement: "Russian banks were under siege, the ruble was sliding, Russian equity and currency markets were in a free-fall, and all large corporations were government-owned."

The reality check:
- The government owned EVERYTHING including all corporations and all banks
- There were not any equity and currency markets. None whatsoever.
- Yes, the entire system was under siege due to runaway corruption.

There was a good joke perfectly describing the Soviet reality: they (the government) pretend they are paying us and we (workers) pretend we are working. Such system could not last long without sliding back to a Stalinist totalitarian regime. Gorbachev tried to disarm a ticking bomb and it exploded. That is all.

I have no idea how US financial collapse and social unrest will develop but it is inevitable.

I think that Russia survived and the USA will survive but it will be very much different country. It will be tough times but people owning hard assets and gold will do much better than the rest.

All empires rise and fall, and the USA will not be an exception. A present geopolitical realignment process will continue. That is all!

Finally, I predicted 20+ years ago that the USA followed the USSR with 15-20 years delay. But it is another story. Let use look who survived and prospered id the Soviet collapse:
- Top government & Communist bureaucrats as well as state security and mafia bosses who used a phony privatization to seize the most valuable state assets for free
- Ordinary people survived by owning real-estate, valuables (like gold, paintings, etc.,), and hard foreign currencies.