Category Archives: Russia

Smart Elvira Nabiullina Doesn’t Stimulate Russia’s Money Supply

Whether through serving as a reserve for essentially fraudulent banks, or purchasing assets, usually government securities, on the free market, the central, cartelized Federal Reserve Bank is involved in increasing the money supply. For this reason, when a central banker “cuts money supply growth to single digit levels” she deserves some praise. Duly, Robert Wenzel has awarded a central banker of the year award to Russian central bank chair Elvira Nabiullina. Writes Robert:

Despite being under incredible pressure as the Russian ruble collapses on foreign exchange markets, she is staying calm and collected and is not calling for any kind of government interventions that would only make things worse. She seems to get that markets will resolve things themselves. … Contrast this coolness with the panic in the eyes of Fed chairman Ben Bernanke and Treasury Secretary Hank Paulson during the 2008 financial crisis, when they caused the US government to intervene one hundred different ways and bail out the banksters.

I suspect that it doesn’t hurt that Elvira is … cute.

Standing By As East Ukrainians Die

Foreign Policy, libertarianism, Russia, UN

Western countries approved sending aid to Syria without obtaining the approval of the Syrian government. Why can’t the hypocrites of the UN and the international community allow Russia’s delivery of humanitarian aid to Ukraine?

Lugansk and neighboring areas have been repeatedly shelled lately, which resulted in casualties among civilians. Because of damaged infrastructure in Lugansk, there is no water and electricity supply, and phone and internet lines are also down.

We can argue as to who exactly has paid for this aid to east Ukraine, and whether Russia has acquired it at the point of a gun from its taxpayers; a no-no in libertarian law. It is, however, a mistake for libertarians to conflate the act of helping dying people with the act of policing a region. Non-interventionism need not mean standing by as people die. You don’t have to go to war to help people.

RT: According to the Red Cross, there is an “urgent need for essentials like food and medical supplies” in Lugansk, east Ukraine.

You won’t hear this account in the American media, but Nebojsa Malic has provided the “Russian Statement on the Aid Convoy”:

The endless delays hampering the initial deliveries of the Russian humanitarian relief aid to southeastern Ukraine have become intolerable.

A lorry convoy with many hundreds of tonnes of humanitarian relief aid, urgently needed by the people in these regions, has been standing idle for a week now on the Russian-Ukrainian border. Over this period, the Russian side has made unprecedented efforts in all areas and at all levels in order to complete the required formalities. We have met all conceivable and inconceivable demands of the Ukrainian side and have submitted to the International Committee of the Red Cross (ICRC) exhaustive lists of food, drinking water, medications, essential items and diesel generators due to be delivered to Lugansk, where they are urgently needed by women, children and the elderly. These people are experiencing the horrors of daily artillery attacks and air strikes that have resulted in an increasing number of killed and wounded and destroyed the entire vital infrastructure in the area.

Time and again, we met requests to check and recheck the shipment route, to coordinate procedures for the shipment’s delivery, and have signed the required documents with the ICRC. We have provided all essential security guarantees and have ensured similar guarantees on the part of the self-defense forces. These guarantees apply to the Russian convoy as well as other humanitarian relief aid being sent to Lugansk by the Kiev authorities. …

MORE.

When An Exceptionally ‘Good Country’ Downs A Plane

America, Crime, Criminal Injustice, Ethics, Iran, Reason, Russia

To extrapolate from Dinesh D’Souza’s illogic (explained nicely by Jack Kerwick), when an exceptionally ‘Good Country,’ as the US surely is, downs a plane, that country deserves mitigation, for it is good. In other words, the properties of the crime, which are the same whoever commits it, somehow change, depending on the identity of the perpetrator.

Thus, because he belongs to a good collective, D’Souza, presumably, would diminish the culpability of the “U.S. Navy captain” who shot “Iran Air Flight 655” out of the sky, on July 3, 1988.

“A quarter-century later,” writes Fred Kaplan of Slate, “the Vincennes is almost completely forgotten, but it still ranks as the world’s seventh deadliest air disaster (Malaysia Airlines Flight 17 is the sixth) and one of the Pentagon’s most inexcusable disgraces.”

Kaplan compares the downing of Malaysia Airlines Flight 17 to “The time the United States blew up a passenger plane—and tried to cover it up.”

… In several ways, the two calamities are similar. The Malaysian Boeing 777 wandered into a messy civil war in eastern Ukraine, near the Russian border; the Iranian Airbus A300 wandered into a naval skirmish—one of many clashes in the ongoing “Tanker War” (another forgotten conflict)—in the Strait of Hormuz. The likely pro-Russia rebel thought that he was shooting at a Ukrainian military-transport plane; the U.S. Navy captain, Will Rogers III, mistook the Airbus for an F-14 fighter jet. The Russian SA-11 surface-to-air missile that downed the Malaysian plane killed 298 passengers, including 80 children; the American SM-2 surface-to-air missile that downed the Iranian plane killed 290 passengers, including 66 children. After last week’s incident, Russian officials told various lies to cover up their culpability and blamed the Ukrainian government; after the 1988 incident, American officials told various lies and blamed the Iranian pilot. Not until eight years later did the U.S. government compensate the victims’ families, and even then expressed “deep regret,” not an apology. …

Read “America’s Flight 17.”

Putin’s PR Quagmire

Europe, Foreign Policy, Russia, Terrorism

Opines Tom Piatak of Chronicles magazine:

Most Ukrainians do not want to be part of Russia’s “near abroad.” In this they resemble most Poles, Estonians, Latvians, Lithuanians, Finns, Czechs, Slovaks, and Hungarians. Those who experienced Russian rule, either under the tsars or the commissars, generally do not harbor any nostalgia for it. Instead, they fear its return. A post-Communist Russia does not pose any threat to us, and the United States should stay out of Russia’s dispute with Ukraine for that reason. But Russia does pose a potential threat to its neighbors, and giving support to rebels who shoot down airliners will do nothing to reassure those worried by a revival of Russian power. Putin’s task should be to allay the fears of Russia’s neighbors, not to stoke them.

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