Dear Mark Jones:
It was orchestrated. The entire past 5 years has to be viewed as a
campaign, a strategy. You can tax people to fund a defense budget or allow
them to invest in worthless paper. Why else would the SEC approve Russian
ADR's that no other nation had a chance of getting approved. I could never
find anyone to cover a short position. I started predicting these events
in 1992, accurately. Everyone...Everyone who made a reasonable effort to
to know, knew.
What went wrong? some ask. Why nothing at all. It went amazingly well
just as planned. And, without firing a shot. Money was used like drug-dealers
use heroin. There was some predilection, that helped, but addiction was
rapid. Some money managers knowingly bought into expected losses as a
sort of insurance premium, just to avoid losing clients in case their
competitors outperformed them. The corruption was multi-lateral.
Everyone really understood each other for the first time. Everyone understood
stealing. It isn't difficult to understand. And..so easy with absolute
power.
You are absolutely correct in what was done to the Russian people by
this East-West "partnership. It is still ongoing. But just as investors are
examining their potential recovery from lawyer, accountant, investment
banker advisors in the wake of their losses, another Nurenburg may well
find Americans culpable. They may yet say as they did in post-NAZI
Germany. "We had no idea what the nomenklatura was doing to the Russian
people. We didn't know." The death toll in Russia may well equal The
Great WAR. Greed has eliminated sanitation and brought starvation and exposure
to the elements. Make no mistake, these are going to resemble the "never
again" level crimes against humanity we spoke of a half century ago.
I witnessed the theft, cynicism, uncontrolled greed, plunder and a
devil-take-the-hindmost attitude to one's fellow citizens, as early as
1991. It was encouraged. The American people through our elected
representatives told the Russian people that criminals constituted a
government responsive to the electorate. Therefore they don't think we
have anything better to offer than what they have. They are now resigned
to their new Czars.
Sadly enough all that was required to capitalize on this huge opportunity
in history was to denounce these criminals provide a good example of
honor, integrity, truthfulness and kindness and perhaps have a little
longer struggle to have our principles prevail. Now the difference in
principles are obscured as is the right to prevail.
Some JRL readers have commented that your article isn't relevant to
Russia. Anecdotes about reform, privatization, elections, democracy,
market economy are irrelevant, even blasphemous. You are relevant.
It is a lot more effective to oppress Russians with Russian masters than
any other. It is a lot safer to corrupt Russians with money than to fight
them with weapons. But ultimately both are fatal. The logical choice was
to love them and protect them. We still have that chance.
Yours truly,
xxxxxxxxx
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