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View Full Tract ListAs the US and much of the world slides into recession and shortages, Russia is doing quite well. Russia’s inflation rate is now about 2 percent, while America’s official rate (which does not include energy or food) is over 8 percent. The actual inflation rate in America is closer to 18 percent, if measured by the more realistic standards in 1980.
The ruble continues to be the best performing currency in the world. A few days ago, I reported that the exchange rate was about 65:1 with the US dollar. Today it is 61:1, a huge percentage increase in value for the ruble.
https://www.bloomberg.com/quote/USDRUB:CUR
At this rate, how long will it take before one ruble will equal one dollar? The sanctions against Russia are clearly backfiring.
Meanwhile, the alarms are sounding about a coming food shortage. The West wants Russia to send free food to Europe, as if they are entitled to it. Russia says, “We are not idiots.” If you want food from us, you have to pay for it in rubles. Why? Because if you pay for it in euros or dollars, that money can be stolen or frozen on account of the sanctions.
These are the consequences of theft. Trust has been broken and may never be repaired again this side of the Kingdom.
Russia’s response to the sanctions has been relatively mild so far. Russia has not refused to sell food to Europe. It only demands payment in a currency that cannot be immediately stolen. And, of course, the European blockade of Russian ships transporting grain must end and ports must be reopened. The sanctions have brought food shipments to an end. Sooner or later Europe will have to choose between the sanctions and saving their economy.
My guess is that the NATO countries will resort to their favorite tactic—a false flag bioterrorist attack in Ukraine which they can blame on Russia. They have already been laying groundwork for it by claiming that Russia is getting desperate, when in fact it is NATO that is desperate. A false flag event could truly be catastrophic. I pray that it will not happen.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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