Vladimir Putin: Killing oligarchic schemes economically saved Russia


Putin to the oligarchs: “Everyone has to understand that everyone has to be equal before the law.”

…by Jonas E. Alexis


During his long interview with Vladimir Putin, Oliver Stone declared: “You’re credited with doing many fine things in your first term. Privatization was stopped. You built up industries … a real son of Russia – you should be proud. You raised the GDP.” Putin, however, took a slightly different view of things. He basically told Stone that the best way to bring a country back to its economic feet is to bring the oligarch schemes down. He told Stone:

“I didn’t stop privatization. I just wanted to make it more equitable, more fair. We put an end to some schemes – manipulation schemes – which led to the creation of oligarchs. These schemes that allowed some people to become billionaires in the blink of an eye.”[1]

Stone proceeded to ask, ”I saw the footage of you with the oligarchs in 2003-2004. It was an interesting meeting. But did you have head-on collisions with Berezovsky and people like that?” Putin:

“I just told them that they had to be equidistant from the government. That was the fashionable term back then. And I told them that if they acquired their property within the framework of law, then we would not seek to take that property from them.

“But today laws are changing and they have to conform to the new laws…we’re going to continue with the privatization on a fairer basis and do everything in our power to secure these properties, these titles, but everyone has to understand that everyone has to be equal before the law.”[2]

We hope that Putin will get a copy of E. Michael Jones’ magnum opus, Barren Metal: A History of Capitalism as the Conflict Between Labor and Usury. That will allow Putin to have a better understanding of the capitalist system and its usurious enterprise. Capitalism, like Communism or Socialism, is a pernicious system that always ends up destroying economic progress and the national family in particular.

In any event, Putin essentially brought something to the table here. To say that that everyone is equal before the law basically means that the oligarchs and the usurers cannot suspend the law to suppress the poor and needy, which is exactly what happened when the oligarchs in the United States completely destroyed the Russian economy back in the 1990s.[3]

By attacking oligarchic schemes in Russia, Putin “cut the poverty rate by two-thirds.”[4] He has also gained the “respect of the old people.” But that’s not all: “In 2000, 2,700 rubles was the average income. In 2012, 29,000 rubles.”[5]

You see, the oligarchs cannot live without usury. And for usury to take place, the oligarchs have to suspend the moral law. E. Michael Jones has been saying for years that capitalism is “state-sponsored usury,” and usury, by its very nature, will destroy any economy system. It is actually a cancer to the world.

Over the centuries, the oligarchs and the Khazarian Mafia have spread that cancer throughout the world in the name of “economic science.” The people who brought this pseudo-science to the new world are mainly Isaac Newton and Adam Smith. As Jones declared in our interview last year:

“The idea that capitalism is “simply economic exchange or just free enterprise” goes back to Isaac Newton, who famously said, “Hypothesi non fingo” or “I frame no hypotheses.” In other words, it’s impossible to argue with the English Ideology, which invariably masquerades as “science” or an impartial description of the universe.

Newton used the inverse square law, which is true, as the stalking horse for promoting a pagan world view, the resurrection of Empedocles’ idea that the universe was composed of two forces, love and strife.

“Newton called these forces gravity and inertia, and Adam Smith, taking his cue from Newton and the English Ideology, applied them to the economy by calling them self-interest and competition, economics set off trying to become pseudo-physics as a way of disguising the fact that it became increasingly ideological and increasingly a defense of the prerogatives of the creditor class against the claims of the debtor.

“That is what it became in the United States; that is what it is today. Capitalism is state-sponsored usury; it is not a defense of the free market, because if it were, the capitalists would not allow the economy to become overburdened with debt. Because debt strangles the economy, it is the opposite of free enterprise.

“As Michael Hudson has pointed out recently in his book Killing the Host, free enterprise now means freedom for the oligarchs to extract rent or usury from the economy without government interference. That the terms have become synonymous is a tribute to the propagandists, otherwise known as Kochsuckers, whom the oligarchs have hired to propagandize for their point of view.”


[1] The Putin Interviews (New York: Hot Books, 2017), kindle edition.

[2] Ibid.

[3] See E. Michael Jones, Barren Metal: A History of Capitalism as the Conflict Between Labor and Usury (South Bend: Fidelity Press, 2014), 1351-1354.

[4] The Putin Interviews (New York: Hot Books, 2017), kindle edition.

[5] Ibid.

Jonas E. Alexis has degrees in mathematics and philosophy. He studied education at the graduate level. His main interests include U.S. foreign policy, history of Israel/Palestine conflict, and the history of ideas. He is the author of the new book Zionism vs. the West: How Talmudic Ideology is Undermining Western Culture. He teaches mathematics in South Korea.

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  1. I think this article is misleading. Most ordinary folks do not have the cash to buy large purchases like homes and cars today. Cars can cost up to $50K while homes can cost up to $500K or more. Hence it is necessary for money to be made available for loan to provide that homes and cars, already produced can be sold. Those sellers have a selfish goal of lower interest rates on such loans leading to more buyers. On the other hand pools of capital provided by retirement funds which contain the retirement accounts of many senior citizens make their payments based on these interest rates and have the goal of higher interest rates to maintain ever increasing living costs. These are two conflicting demands. The interest rates are dictated by a corrupt secret system and for the past 20 or so years have been at historic lows aiding those selling goods like homes and cars etc., while shafting the interests of senior citizens who have worked and saved all their lives. Low interest rates also foster gambling speculation in financial markets leading to inflation. They have been only benefitting the oligarchs lately while shafting the senior citizens the only responsible group in society.

    • wjabbe,

      You forget the crucial part of the article: usury. Interest rate is part of usury. You can buy a house for $100,000 but you can end up paying a quarter of a million dollars 15 to 20 years later if you are not careful. Second, does a person really need a $50K car? Does a person really need a $500K home?

    • Suppose everyone had to save up the cash to buy everything. Very little or few products would be sold. There would be almost no or little economic activity. This would not benefit the oligarchs would it? Who wants thousands of homes sitting or cars sitting or other consumer junk sitting because it can’t be sold? This is why credit is available and the lower the interest rates foster more sales. Rule: Do not buy junk or pay living expenses with borrowed money. Always maintain a cash reserve for a rainy day. Note: “rainy day” means those days where you don’t have any income to pay your expenses or contractual commitments.

    • You may build a 1-2 floor 120 sq.m house from the nice beautiful brick (not like those in USA, made of “paper” which fly away from tornado) for $35-50K, in Russia. And a new car for $10-15K. The difference is that most salaries are approx. $500 per month. Many people have business and can afford to buy cars and houses up to $500 000/1000 000. Our society has great social layers difference in income. Some work for food and clothes, some have 50kg potato bags full of money…

  2. E.M. Jones: “the propagandists, otherwise known as Kochsuckers”. Dang me, I laughed and sprayed tea on my keyboard. Yes, it was one of the Kochsucker brothers who said, in reference to money, “I want my fair share – and that’s all of it.” Currently, just five men control as much wealth as the bottom 3.5 billion people, and one extended family is rumored to control about half the wealth that has ever existed, or about $500 trillion.

    J.M. Keynes once remarked that “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” Now whether or not one happens to agree with Keynes’ theories, no one can argue that he did know a little about economics. Then again, economists are still arguing about “what Keynes really meant” when he (Keynes) said x, y or z.

    If it was simply usury putting the bite on the 99% it would be bad enough, but as many knowledgeable people have pointed out, the banks create “money” in the form of debt out of thin air, and then charge usurious interest rates on top of expecting repayment of “money” that never existed. For those who want more information on the how that works, or fails to, check out “Secrets of the Federal Reserve” by Eustace Mullins. PDFs and video are available.

    Putin has certainly thrown a wrench into the gears of the kakistocracy, but it seems a wee bit too early to proclaim he “saved Russia.” Time will tell, and we will see.

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