Cyprus, an island seen as a haven for illicit Russian funds, has its 35-year-old U.S arms embargo lifted. The problem is, within those 35 Years, Moscow was a major arms provider to Nicosia – October 18, 2022
I’m not anti-gun, nor do I believe any government should have sweeping rights to control what citizens should carry weapons; however, I DO NOT intentionally invest in weapons. In my investment portfolio, missing is anything weapons related. However, you know, whenever it comes to warmongering, the end goal for these warmongerers is for there to be a PERPETUAL war because that’s how these companies get their money.
More specifically, when the U.S as an example, starts SENDING MONEY to these countries, most of the money goes to the entities that manufacture weapons; what I’m getting at here is that WAR is expensive, and if, let’s say, Ukraine or even CYPRUS has to pay for weapons out of pocket, these nations would go bankrupt QUICKLY because you have to remember that if a country buys a bunch of weapons and they don’t use them, that works out to be a very BAD investment for the country.
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I imagine whoever got Biden to sign off on this nonsense likely was associated with some sort of war-machine manufacturer because as an example, if you read the article, I point to below, the economics of the transaction is COMPLETELY ignored; what the article below talks about is the NATO allies that could potentially be offended by the move, by the U.S to arm a DISPUTED territory.
But for me, the portion of the article that I glimpse over is the section that states the following.
Cyprus traditionally had close relations with Moscow, which was a major arms provider to Nicosia. The island is also seen as a haven for illicit Russian funds. In 2019, Cyprus was the recipient of or an intermediary for some 50% of Russian investment worldwide, according to the Carnegie Endowment for International Peace.
Did you miss that? it said, “Cyprus was the recipient of or an intermediary for some 50% of Russian investment worldwide” let’s imagine you think government people are these fabulous UNCORRUPTABLE individuals. Do you not think some private citizens of Cyprus may not have some favoritism towards Russia?
Oh yes, I forgot to mention the U.S embargo; what was the initial purpose of it?
The embargo was imposed in 1987 to limit the amount of weaponry on the island in support of efforts to reunify the Republic of Cyprus and a Turkish-occupied region on the northern part of the island.
All of this to help Ukraine? Apparently? Can you do me a favor? Yes, you, the reader, can you show me where Cyprus is on a map? I’m not the smartest person, but it kind of looks like Cyprus would have to fly over Turkey to get to Ukraine. I comprehend the whole pipeline argument, sure, but can’t you see why all of this can be viewed as PROVOKING Russian aggression?
NATO continues to encircle Russia, and all of this is so very political; all of a sudden, America says the hell with their NATO ally Turkey, this Ukraine-Russia conflict NATO helped to create is giving the Americans an EXCUSE to interfere in Turkey-Cyprus relations. You can see why U.S allies might be indifferent to this U.S administration.
Making matters worse is the strength of the U.S dollar and the WEAKNESS of the Turkish Lira, now I don’t know if the people of Turkey have any interest in getting a more business-friendly political regime, but all of this proking by the United States could lead to more free market economic policies globally.
One of the reasons it’s hard for me to imagine the Federal Reserve or any U.S government embracing Central Bank Digital Currencies is the CENTRALIZATION aspect to it. U.S cash being used GLOBALLY is why a lot of countries put up with this U.S led aggression. U.S PHYSICAL cash is more decentralized than BITCOIN.
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Most countries on the planet made the mistake of NOT promoting their currencies and NOT allowing their currencies to be used all over the world. This mistake by most nations didn’t allow PRIVATE financial infrastructures to be built. What I’m referring to as an example is SWIFT, sure, SWIFT doesn’t seem like a big deal to some, but the CONVENIENCES of using the U.S dollar are why the Dollar is so strong today.
In most countries, the government doesn’t want to allow outside entities/foreign actors to determine the STRENGTH of their currency on the Foreign Exchange(Forex Markets). In the U.S with the exception of Donald Trump, you’ll notice most Presidents ignore the strength of the dollar. In China, the government works hard to make sure the Renimbi doesn’t get too strong or too weak because it could destroy their manufacturing industries.
The DECENTRALIZATION of the U.S dollar and Eurodollar markets is why Americans or U.S dollar hoarders benefit from CONSUMPTION-based economics. Unfortunately, the downside to all of this is the U.S WAR MACHINE. When it comes to financing wars, the U.S has it covered. Internationally, nobody has any interest in hoarding Russian Rubles, nor do people have much interest in using Gold or using commodities as money, so as I like to point out, the structure of a country’s economy with this modern monetary theory benefits countries that allow the MOST liberties and freedoms.
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Turkish voters voted for what looks like a theocratic government; people tend to forget that Turkey used to be one of the more Liberal nations of the world, and by Liberal, I don’t mean LEFTIST; left-wingers hijacked the Liberal term, or maybe it’s better I say Conservatives gave it to them. Muslims obviously are more conservative than Leftists, but theocratic governments are a lot like LEFT-WING governments in that they want to censor speech and socially engineer society.
The separation of church and State is a Classical Liberal ideal. Merging church with state or making the State the New Church is closely aligned with LEFT WING ideals. When any government or any voting public makes the mistake of voting for or accepting a BIG GOVERNMENT, they will be at the MERCY of nations that have more Liberal policies.
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Whether you like it or not, the U.S Fiat monetary system is superior to 99% of the nations of the world. Even Switzerland has been trying to prevent its currency from rising. If the market expects your government to MANIPULATE your currency, the markets will react by DUMPING your currency before the government PUNISHES them for hoarding it.
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With that said, Joe Biden is creating enemies, and quite frankly, I don’t know if it’s because he’s an idiot or if it’s because he’s compromised? I don’t expect Cyprus to get America’s best weapons, but I’m pretty sure, with so much Russian investment being in Cyprus, that Russia will have some allies and influence in the Republic of Cyprus.
I imagine that America EXPECTS favors from Cyprus, and when America expects to cash in on these Cyprus debts, some people in Cyprus might see this as a time to RENEGOTIATE with the Americans; maybe some in Cyprus will ask Americans to fix their TURKISH problems, other people of Cyprus might seek to strengthen ties with Russia, as to strike better deals with the Americans.
One of the reasons you stay out of foreign entanglements is that humans are complicated and have VERY SHORT MEMORIES. From a business, financial and economic perspective, the Americans just handed Cyprus a lot of POWER and leverage!
Interesting times ahead!