Kherson Is Taken...

at Reminiscence of the Future

Russian Army took a major city of Kherson (in Russian) and that opens roads towards Nikolaev and Odessa. It also completes a land bridge between Crimea and and operational zone.

Meanwhile, accountants and stock traders in the US, who pass for economists for some reason, parade themselves as clowns yet again. Here is a quick demonstration:

More than two decades ago, on August 17, 1998, Russia defaulted on its debt and devalued the ruble, sparking a political crisis that culminated with Vladimir Putin replacing Boris Yeltsin and which also eventually resulted in the spectacular implosion of a then little known hedge fund called Long Term Capital Management (which was staffed to the gills with “brilliant” Nobel prize winners) which after receiving a Fed-led Wall Street bailout, ushered in the era of too big to fail. We bring this up because in just a few hours, Russia will be in another technical default. Amid the flurry of capital controls imposed by Moscow today, the Russian central bank banned coupon payments to foreign owners of ruble bonds known as OFZs in what it said was a temporary step to shore up markets in the wake of international sanctions. What it really is, is a technical default on upcoming interest and maturity payments, with a trigger due as soon as tomorrow.

The first question here is, of course, that all these London-based “analysts” do not understand the difference between default as a failure of payments on financial obligations and the RESPONSE, as a deliberate withholding of payments, for geopolitical reasons. The expropriation of the Western assets in Russia will follow. They just don’t get it. Which, BTW, reference to Russia’s default of 1998 betrays completely. Russia in 1998 was an economic basket case, Russia of 2022 is economic superpower. As I said, I reiterate, any degree in “economics” from any Western educational institution is degree in nothing and is absolutely worthless, because it provides, at best, some basic accountant courses and courses in demagoguery in financial matters. Those “degrees” provide zero tools for strategic planning because they DO NOT teach how real economy operates. All these courses could be compressed into the 12-16 weeks program with issuing accountant certificate.

Russia MoD released first data on Russia’s losses. 498 KIAs, VSU lost 2,800 and I doubt anybody really counts corpses of nazis. This is war, losses are inevitable. Considering, however, a huge scope of operation the losses are light. Yes, I know, somebody loses their sons, fathers, brothers, but that’s war, not a computer game. Meanwhile, a sewer such as NYT continues to supply a copious amount of propaganda BS (most of it compiled under supervision of CIA in Poland) and now states this:…