Russia Bond Auction Cancelled – Why It Failed

We have seen recently that government bond auctions are manipulated whenever a government is not toeing the line.

The last example and the example that completely gave the game away was when Germany, the powerhouse of Europe failed to complete one if its bond auctions.

When this happened, even the casual observer could see there was something rotten in Denmark.

And now we have Russia completely cancelling its bond auction, coincidentally during a time when Russia is being a stick in the mud when it comes to bombing Syria.

If a politician is not towing the line you cut of his revenue streams, you make his life difficult and this is what is happening to Putin.

If he wants to stick to his principles then he is going to have to deal with less revenue, he is going to have to cut back spending or he is going to have to increase taxes.

Russia is going to be backed into a war whether it likes it or not. The question is whether Russia is being chosen to the opposition to the US bombing campaign or if Russia is being asked to toe the line.

Giving the covert nature of the manipulation you would have to say the pressure is for Russia to get into line. Give it a couple of weeks at the most before we see Russia & Putin’s stance softening.

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