The West has claimed much success over the sanctions of Russia in response to their invasion of the Ukraine and the Crimea so I thought I would look at some hard numbers:
- On Oct 22 2013 the Russian stock market hit a new High of 1518.54 on the RTS.RS the Russian equivalent of our NYSE.
- Over time by 3 Mar 2014, the day of the Russian invasion their Market had dropped to 1115.06 a loss of 403.48 points.
- On 14 March 11 days after the invasion it was at 1062.47 a loss of an additional 52.59 points.
- Sanctions were imposed on 16 March By president Obama on 18 March the Russian stock market hit 1161.26 a gain of 98.79 points.
Now Obama claims that sanctions caused a 10% drop in the value of the Russian stock market over the past month, it is true that the market is down 10% over this time last month, but sanctions have not been in place for a month.
It is also true that after his sanctions were imposed the Russian stock market began to recover from its decent; although there is no proof at this time that sanctions caused the recovery, the Russian Government is claiming it is.
One advantage of having the Government control the press is people do not get confused by information other than what the government wants released and what foreign counties want the people to know. Examples being North Korea, Cuba, Venezuela and the U.S. under Obama’s Press Corps (Or as Obama would say Press Corpse, as he killed real freedom of the Press).
I have often said that good propaganda has an element of truth in it, and while Obama's claims have an element of truth, they have no relationship with reality so that makes his posturing on the world stage a comedy to the world and a tragedy to America.
Just my thoughts for today.