The destruction and looting of an economy's stored wealth, here applied to Bolshevik Russia.
Topic brief
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asset stripping
The interview sounds scattered at first, but its logic is consistent.
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Topic Scope And Freshness
The interview sounds scattered at first, but its logic is consistent.
Key Notes
The imperial pattern of destroying institutions to buy or fence their valuables cheaply.
He defines Bolshevik asset stripping as reducing Russia to barter and robbery, looting palaces, banks, churches, and museums, and fencing valuables abroad for capitalist hard currency.
War communism is presented as national asset-stripping: palaces, banks, churches, and museums are looted and valuables fenced abroad for hard currency.
Simon says weakening the dollar while pumping stock markets with government debt is the core mechanism by which transnational capital strips assets from states and populations.
Timestamped Evidence
"...ransacking palaces, bank vaults, churches, and museums. Okay, we call this asset stripping. So basically, the Bolsheviks destroyed their own society in order to..."
"By the close of 1921, an estimated $450 million in valuables had been sequestered there with more to come, much of it destined to..."
"...by Euros. So you can see that this is all about asset stripping by utilizing the government to take on more debt, pumping that..."
"Yeah, it had a bit of strength on the Venezuelan action. The stock market loved Venezuela, including the Venezuelan stock market, which, by the..."
"So keep on going. Keep on going. Yeah. From 1918 through early 1921, Bolshevik war communism reduced Russia to an economic based on barter..."
"Okay? They destroy nations in order to steal as much as they can. What happens afterwards? They don't care. All right? It's that simple...."
"French women are stripping themselves of their burqa and now they're free and they're embodying Western values. So do you see a new push..."
"And now what Carney seems to be doing is acid -stripping Canada, meaning that he's trying to sell Canadian land, Canadian resources to the..."
"...libtards are getting owned and they're posting images of Iranian girls stripping free of their of their niqab they're oppressive niqab and they're that..."
"How did they do so? By stripping the internet, right? It was just grunt work. You just saw it. You just covered the entire..."
"Yeah, so this is the asset stripping operation. You're decoupling the commodity from the corporate that benefits from the commodity. And so what you're..."
"...game, and corporate interest is all short term value extraction and asset stripping. And there's no concept of what's right for the people. But..."
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