Positive reviews are one of the most gratifying rewards in publishing a book, but reviews that are as thoughtful and generous as the one I’ve recently received from Harley Schlanger is a rare thing. More rare still is a review that actually adds depth and perspective to the subject matter and is a worthwhile read in itself. Here goes: Continue reading
Category Archives: Eurasia
6/6: the 1990s Russian catastrophe could have been avoided
It is commonly accepted that, after 70 years of Communist dictatorship, Russia’s 1990s transition was inevitably going to be a massive train wreck. This is yet another convenient misconception that western intellectuals like to embrace. The foregoing article seeks to dispel this notion and set the historical record straight. It is an excerpt from Chapter 3 of my book, “Grand Deception: the Truth About Bill Browder, the Magnitsky Act, and Anti-Russia Sanctions”. The book’s previous incarnation was banned last summer.
This is the last in a six-part series on Russia’s 1990s transition from communism to capitalism. Links to previous posts: introduction, part 1, part 2, part 3, part 4 and part 5. Continue reading
4/6: the Enterprise – role of the deep state in 1990s raid on Russia
The foregoing article is part 4 in a six-part series on Russia’s transition from communism to capitalism during the 1990s. Links to previous posts: introduction, part 1, part 2, part 3. It is an excerpt from Chapter 3 of my book, “Grand Deception: the Truth About Bill Browder, the Magnitsky Act, and Anti-Russia Sanctions.” The book’s previous incarnation was banned last summer by some of the same actors we’ll be discussing today. This post should prove relevant today, in light of hysterical rebukes of President Trump‘s recent summit with his Russian counter part in Finland, particularly regarding the role and trustworthiness of the so-called “intelligence community.”
Continue reading3/6: the strangulation of Russian economy in the 1990s was a deliberate IMF policy
… if the notion of billions of barrels of proven oil reserves and billions of tons of gold fills your dreams with visions of red-hot cash flow and ice-cold vodka, then Boris Yeltsin just might find some work for you. – Paul Hofheinz, Fortune Magazine, 23 September 1991[1]
The foregoing article is an excerpt from Chapter 3 of my book “Grand Deception: the Truth about Bill Browder, Magnitsky Act and Anti-Russian Sanctions.” Part 1 is here. Part 2 is here.
Shock therapy gave Russia one of the worst and longest economic depressions of the 20th century, an unprecedented humanitarian catastrophe for a peace time crisis, and a criminally inequitable privatization of public assets. The reasons why things happened this way in Russia generally aren’t well understood in the west. Even among better informed intellectuals, the failure of shock therapy is often thought to be vaguely related to some sinister flaw in the Russian society. It is what Bill Browder characterized as “the dirty dishonesty of Russia,” or “Russia’s evil foundation,” which spawned corruption and criminality of staggering proportions. In this toxic environment, the sweet fruits of western democracy and capitalism simply could not grow in spite of the generous benevolence of Russia’s western friends.
Continue reading2/6: Russian lawmakers’ revolt and the 1993 Constitutional crisis
We created a virtual open shop for thievery at a national level and for capital flight in terms of hundreds of billions of dollars, and the reaping of natural resources and industries on a scale which I doubt has ever taken place in human history. – E. Wayne Merry, chief political analyst at the U.S. Embassy in Moscow (1990-1994)
The foregoing article is an excerpt from Chapter 3 of my book “Grand Deception: the Truth about Bill Browder, Magnitsky Act and Anti-Russian Sanctions.” Part 1 is here.
Economic reforms and privatization were highly destructive for Russia. They were also achieved outside of the legitimate legal framework. To sidestep the government agencies and circumvent the parliament, Yeltsin’s government worked through a network of private agencies and non-governmental organizations set up by Anatoly Chubais, his associates, and their western advisers. One of the most important of these organizations was the Russia Privatization Center (RPC), set up by the HIID and Anatoly Chubais under a presidential decree. RPC’s directors were Andrei Schleifer and Chubais himself. Exemplifying corruption and conflicts of private and public interests in Yeltsin’s cabinet, Chubais simultaneously headed the private RPC and the government’s GKI (Federal Agency for State Property Management). This didn’t seem to bother RPC’s western sponsors; in addition to a $45 million grant from USAID, RPC obtained $59 million credit from the World Bank, $43 million from European Bank for Reconstruction and Development and further funding from the European Union, Japan and several individual European Governments.[1] HIID also helped establish the Federal Commission on Securities, also with USAID’s money.
Continue reading1/6: How Russia decided to go from communism to capitalism in the 1990s
The foregoing article is an excerpt from the third chapter of my book, “Grand Deception,” which I wrote in response to Bill Browder’s bestseller, “Red Notice” but also as a retort to the relentless demonization campaign against Russia and its leadership in the West. Browder, an investor and hedge fund manager who made his fortune in the 1990s Russia, describes his fascinating experience during that time. However, he almost entirely glosses over the broader context within which events played out. Instead, he offers the same terse explanation he had regurgitated countless times in his various presentations and speeches, and it goes like this: after the collapse of the USSR, the government of Russia decided to go from communism to capitalism.[1] They thought that the best way to do this would be by giving everything away practically for free through various privatization schemes. Very rapidly, they transferred the nation’s economic resources into private hands.
But the unusual aspect of this transfer was that the private hands that received Russia’s wealth were not the same ones that had built it up since there were no restrictions on who could participate in the privatization program. As a result, the crown jewels of the nation’s productive resources ended up in the hands of a small group of oligarchs, most of whom covertly represented the interests of various western financiers.
Continue readingGrand Deception: the 1990s raid on Russia
As the 2018 football World Cup in Russia draws to a close, many of her foreign visitors were surprised to encounter in Russia an affluent society and a friendly, welcoming host. This makes it difficult to appreciate that only a generation ago, Russia experienced a political, economic and social collapse of calamitous proportions. After the Soviet Union disintegrated in 1991, Russia embarked upon a transition from communism to capitalism. The so called “shock therapy” program, prescribed and guided by western experts resulted in the longest and one of the most severe economic depressions in the 20th century. Today, few people outside of the nations of former Soviet Union remember this dark episode. Fewer still understand it.
Even among the better informed intellectuals in the west, the failure of Russia’s shock therapy transition is largely misunderstood and often attributed to some sinister flaw in Russian society – a flaw which spawned corruption and criminality of staggering proportions. In this toxic environment, the sweet fruits of western democracy and capitalism simply could not grow in spite of the generous benevolence of Russia’s western friends and helpers.
Continue readingHow Bill Browder “proved” Vladimir Putin’s corruption
Former hedge fund manager Bill Browder, the faux crusader for human rights, has made very serious claims of corruption against Vladimir Putin, claims which many media personalities in the West have treated as true and factual without ever challenging them. Browder, the go-to expert on Putin’s corruption, presents these claims in his bestseller, “Red Notice.” At first blush, they show Vladimir Putin in a very negative light that may shock the reader. A more careful scrutiny of Browder’s case shows it to be a disingenous, baseless smear, which further begs the question: if this is the best (worst) Browder can offer as proof against Putin, what exactly do the ceaseless allegations of his corruption amount to? The following excerpt from my book Grand Deception (published and distributed by the Red Pill Press) examines the merits of Bill Borwder’s assertions. Continue reading
Deflationary gap and the West’s war addiction
In June of 2014, a group of American researchers published an article in the American Journal of Public Health, pointing out that, “Since the end of World War II, there have been 248 armed conflicts in 153 locations around the world. The United States launched 201 overseas military operations between the end of World War II and 2001, and since then, others, including Afghanistan and Iraq.” To be sure, each of these wars was duly explained and justified to the American public and for all those Americans who believe that their government would never deceive them, each war was defensible and fought for a good reason. Nonetheless, the fact that one nation initiated more than 80% of all wars in the last seventy years does require an explanation, which I submit below: Continue reading
Next installment of permanent war: Iran (again)…?
Today, (Friday the 13th of all days), President Trump announced that he is withholding certification of the Iran nuclear deal and announced that he would label Iran’s Islamic Revolutionary Guard a terrorist organization. Again, the U.S. gets confrontational with a rival power in an escalation that could provoke yet another devastating war in the Middle East. As always, this is all perfectly justified: Iran, you see, is a rogue regime, a threat, its military is a terror organization, the country has a general deficit of freedom and democracy, etc…
And let’s not imagine that this is all down to Donald Trump. On July 3, 2015, presidential aspirant Hillary Clinton addressed a an audience at a Dartmouth College campaign event. On the occasion she said, “I want the Iranians to know that if I’m president, we will attack Iran … we would be able to totally obliterate them.” The U.S. establishment has long had Iran in its crosshairs, waiting for a pretext and the opportunity. Continue reading
The Naked Hedgie 