It is important to understand that the gold and foreign currency reserves of the country are not state reserves. This money is not to be spent. It has to stay in the storage of the Central Bank just to make it possible to issue roubles. The gold and foreign currency reserves do not do any good to the government or the people. Their role is completely different – this is guarantee, which cannot be spent and which allows to issue roubles. Why they cannot be spent is clear – if we sell dollars to cover the country's external debt, the roubles issued under the guarantee will remain in the country. The balance will be distorted. And this is against the rules. This is not acceptable.

Here is an example: Putin paid Russia's external debt. Well done him, he cut one of the financial ropes that the global puppeteers used to control us. Only one so far – the other one is still in use. And he did everything 'in accordance with the rules'. The external debt was paid from the stabilisation fund which actually belongs to the state.[37] No money from the gold and foreign currency reserves of the Central Bank was paid to cover that debt. Why? Because it is not allowed! Why is not allowed? Because in 1944 in a town called Bretton Woods international agreements feigning further development of mankind were signed. We will talk about the Bretton Woods agreements and everything that has happened in the financial mirror-world since when in another chapter.

And now let us continue being amazed while reading the law on the Central Bank. It contains a lot of much more important information. Again, we are going to deal with the main question: who is in charge of the Central Bank of Russia? Who controls it? It seems that no one. At least, no one in Russia. Article 1 on the law is unambiguous enough:

'The functions and authorities specified in the Constitution of the Russian Federation and this Federal law, are exercised by the Bank of Russia independently from any other federal bodies of state authority, bodies of state authority in subjects of the Russian Federation or local government bodies'. We can try our last chance to find any governmental nature of our Central Bank by looking at the order of forming the governing bodies. Chapter III is called 'Governing bodies of the Bank of Russia'.

Article 12. The Chairman of the Bank of Russia is appointed by the State Duma for a term of four years by a majority of votes of the total number of members of parliament. The candidate for the post of the Chairman of the Bank of Russia is presented by the President of the Russian Federation. The State Duma is entitled to dismiss the Chairman of the Bank of Russia upon the recommendation of the President of the Russian Federation'.

Is that clear? The Russian President introduces and the State Duma appoints. The Duma as well dismisses the Chairman from the post. But this is just the beginning. The law is written in such a cunning manner that the possibility to dismiss the Chairman of the Bank of Russia from their position for the President and the State Duma is purely theoretical. In order to make sure in this, let us just read article 12 to the end.

'The Chairman of the Bank of Russia can only be dismissed from the position in the following cases: 1) expiry of term in office; 2) disability which makes performance of duty impossible and which is confirmed by a state in the US government stocks and other abstract entities. You can see that for medical commission; 3) there is a personal resignation letter; 4) the person in question committed a penal offence and was found guilty and sentenced; 5) if federal acts regulating issues related to the activities of the Bank of Russia have been violated'.

So, apparently, if the Chairman of the Central Bank: 1) is fit as a fiddle, 2) the term in office has not expired 3) is not willing to leave the job, 4) does not pinch wallets off old ladies, 5) observes the federal legislation (that is, does not credit his own country) – dismissing the man is impossible.

He can even pinch wallets off old ladies but until there is a sentence from court, the State Duma cannot dismiss him. The Russian president cannot do anything either. It is interesting, is it not? Cannot the head of an organisation appointing a financial director dismiss him with a decree and appoint a new one? Or does he have to wait for four years? Or a sentence from court? Or summon a medical commission? No, in reality, the head of an organisation is free both to appoint and dismiss his subordinates. The head of state in Russia is the President. All other governmental officials are his subordinates whom he controls, not directly, but through ministers, governors, mayors, generals and admirals. And only the Chairman of the Central Bank is beyond time and space. The President cannot dismiss him or give him the sack. And if he does, the banker can appeal an international court. And the position of the head of the Central Bank is indeed a key position!

Article 23. The federal budget funds and state non-budget funds are stored in the Bank of Russia unless otherwise specified by federal laws'.

So, apart from the gold and foreign currency reserves… it also stores the whole Russian budget. Accounts of the Central Bank hold what used to be the unified Stabilisation fund. 'The Reserve fund and the National Welfare Fund are stored on accounts of the Central Bank of the Russian Federation to account these funds in foreign currency in Moscow'.[38] You would not be wrong if you said that the Central Bank is our everything, meaning that all funds of our country are concentrated there. And this key department is not controlled by the state?! Do you understand what that means?

If you look closer at it, you will see traces of the compromise achieved by the Russian authorities and almighty bankers in the scheme of control over Russian finances. I would like to remind you that the Stabilisation fund that we have just spoken about was divided in two parts: they were called Reserve Fund and National Welfare Fund. So, the funds in the first one are controlled by the Central Bank, that is not the state, and the funds in the second one – the Ministry of Finance, that is the Government, that is the state…[39]

Article 5. The Bank of Russia is accountable to the State Duma of the Federal Assembly of the Russian Federation. The accountability of the Bank of Russia to the State Duma means that the Chairman of the Bank of Russia is appointed and dismissed from the post by the State Duma on the recommendation from the President of the Russian Federation'.

And this is all the accountability there is? But we have just found out that it is only an illusion because the head of the Central Bank cannot be dismissed without his consent and will. Incidentally, it is practically impossible to dismiss other bankers from the Central Bank.

Article 13. The members of the Board of Directors are appointed for a term of four years by the State Duma on the recommendation of the Chairman of the Bank of Russia, agreed upon with the President of the Russian Federation. The members of the Board of Directors can be dismissed: at the end of their term specified in this article – by the Chairman of the Bank of Russia; before the end of the term specified in this article – by the State Duma on the recommendation of the Chairman of the Bank of Russia'.

So it is only the Chairman of the Central Bank who can give the sack to stubborn colleague – as to dismiss a banker who is also a member of the Board of Directors of the Central Bank a recommendation of the Chairman is needed. The State Duma itself cannot dismiss bankers unless the Chairman of the Central Bank wants it. How can they say that the Central Bank is accountable to the Parliament then?

What was it like before? In the USSR the financial system was based on the principles of common sense. The Council of ministers of the USSR, that is the Government, was in charge of the financial sphere. The State bank authorised to perform emission operations was the body that followed all instructions from the USSR Government regarding the monetary system. This was an antipode of today's Central Bank. It followed the orders of the Government, no consent from the State Bank was needed, and its head was appointed by the Council of Ministers and was dismissed in the same manner. The State Bank had no right to appeal to a foreign court. The amount of money required for the country's economy was defined by the Council of ministers and the State Bank only issued it.

The money issued in the USSR was of three types: notes of the State Bank of the USSR, treasury notes and metal coins. The differences between the bank and the treasury notes were purely juridical. Only bank notes were backed with gold, precious metals and other assets of the State Bank, which as stated on the bills from ten roubles. One-rouble, three-rouble and five-rouble notes (treasury notes) had a different inscription on them and were backed with the whole 'property of the state', so they did not have any gold content. In everyday life ordinary citizens had no idea about these details and that there was a difference between the two types of Soviet money. All types of money were issued into circulation by the State Bank of the USSR.

Did Yeltsin understand what he was doing in 1990? I am sure, he did not. Illiteracy of the USSR population in financial issues was amazing. But it was not too bad back then – the Soviet people did not have to deal with anything more complicated than public bonds and deposits in a savings bank. The problem was that the elite were just as illiterate. And that ended with a catastrophe. An idea of a bank independent from the state was brought into the Soviet Union as a Trojan horse – through 'advisors'. through those who had practical trainings at Columbia University, those who were recruited or simply betrayed their country. Just as in the Hollywood film Alien' – an extra-terrestrial creature was implanted into a living body. I am exaggerating – a private Central bank was indeed like an alien for the USSR.

Now, are the following events surprising at all? I do not think so. If anything, they are logical. I would just like to address Gorbachev with one question: Mikhail Sergeevich, how did you let this happen being the president of the USSR? What were these banks, independent from the people's authorities, which appeared in our still multinational state still governed by the people? He will not reply though. Or he will start his old song about humanity, the new way of thinking and a chance to get everyone disarmed. I put all my hopes on hell and cauldrons with boiling oil…

Do the Russian authorities know about this 'strange' situation with the Central Bank?

What should one do if there is understanding of the importance of the task and yet there is no power to solve the problem? One should start a systematic siege. The task should be broken into several smaller ones. To change the legislation regarding the Central Bank, a vote in the State Duma is needed. The founders of the Bank of Russia saw perfectly well what a key role it would play. And therefore they did their best to create several security levels. The first level is the law on the Central Bank. Among other things, it contains such amusing details as article 7: 'Drafts of federal law and regulatory documents of the federal bodies of executive power concerning duties of the Bank of Russia and it performance shall be submitted to the Bank of Russia for approval'.[40]If you want to dismiss bankers through making amendments to the legislation – kindly submit the draft of the bill to them in advance. Otherwise, they might as well sue you for your legal mayhem in a court of Delaware…

The second security level is the Constitution. As the 'reformers' shoved some words on the Central Bank and its status even into the Constitution. Article 75 (points 1 and 2) says that 'the currency of the Russian Federation is the rouble', and 'issuing of money shall only be done by the Central Bank of the Russian Federation', that 'it performs independently from any other governing bodies'.[41] If you want to be surprised – have a look at Soviet Constitutions. Read the Constitution of the USA. You will find no mention of a bank that issues money independently anywhere, because such articles should not be a part of the main law of the country. What body issues the currency is a technical question, it is not fundamental for the country and its people. For the people it is not very significant, but it is a key issue for enslaving the country. That is why it was hastily dragged into the Constitution. And now this technical detail is there next to the fundamental rights of Russian citizens.

All the following steps of the Russian authorities will make more sense if we use the failed mounted attack against the Central Bank as a reference point.

Laws need to be changed. That means that it is necessary to take the State Duma under control. That means that a parliamentary majority is required. And therefore, a party needs to be created that will win the general elections. A political structure which is currently rather popular starts being created.

Winning the elections is not possible without controlling the mass media. The process of talking the mass media under control begins.

But what is even more important is talking Gazprom under control. In spring 2001 a new team comes to the company headed by Alexey Miller. Gazprom is not just gas flares and pipelines. It is also money required to buy the loyalty of the elite.

The cold truth among politicians in Russia at the time was that if you do not pay for loyalty, you are going to be betrayed as very few people can work for the sake of the idea, putting material welfare at the very end of their priorities. It takes a while to find such people. Where? Among one's friends. This is when people from St. Petersburg start coming into Russian politics and economy. It is required to put one's own people at key positions and secure their loyalty with a high salary provided by Gazprom, with some encouragement' in an envelope or turning to blind eye to their 'mischievousness'. One can only have very few close friends whom they know very well. When one runs out of them, one has to switch to friends' friends. These will not betray in conditions when betrayal is normal, as long as they have a secure reasonable income.

One of the most important parts of the preparation are the law enforcement structures. Otherwise, one may just not live long enough to see the victory. It is required to fill the key positions. First of all, the doctor, the head of security and the cook. Then the minister of defence, the Home Minister, the head of the FSB, the head of the Federal Security Guard Service. If you look at the dynamics of changes of leading officials in these spheres – a lot of things will become clearer.

If you are still not entirely convinced that the key to all the problems is hidden in the corridors of the Central Bank of Russia, then there is an interesting table at the website of the Central Bank – just for you.[42] It is called 'The Base Rate of the Central Bank of the Russian Federation'. In crude terms, this is the interest rate at which the Central Bank credits banks and through them the whole Russian economy. As, let me remind you, no one is authorised to do it except for the Central Bank because roubles are issued by the Central Bank which then lends them to commercial banks.

Looking at the table you will easily see that from 1st June 2010 the base rate has been 7.75%. This is written at the very top. And now scroll down. Have you still got any questions why the Russian economy was dying in the early 90s? Simply because the only issuing authority lent money at a 210% annual interest rate.[43] We have forgotten about that but this is how it was. This is a record-breaking rate of course, but generally in the period between 1993 and 1996, for nearly three years, the interest rate was a three-figure number. Try and borrow some money at a 210% rate! It does put you off from starting your own business and talking a loan, does it not?

This is not a number, this is something out of this world! And, what is most interesting, do not confuse the consequence with the reason. It is the Central Bank that is to regulate the circulation of money in the country so that the country could breathe normally and develop. And it is on its activities that the level of inflation depends.

That is to say that the inflation rate was extraordinary, and the prices were skyrocketing exactly because the Central Bank credited the Russian economy at such an extortionate rate. And not vice versa! If the idea of borrowing money at a 210% rate does not appeal to you, may be you would like 55% more? Still no? Yet this was the base rate when Putin became the head of the country in 2000. And since then the percentage has been gradually reducing until it reached 7.5% of today. The economy could finally breathe. The Central Bank had been purposefully smothering it, absolutely consciously. It can be proved by the negative processes that took place in the absolutely market and very capitalist American economy when the Federal Reserve System of the USA held the base rate not even at a rate of 210% or 55% but at a mere 20% rate.

'In April 1980 the main interest rates in the USA exceeded 20%. Cars stopped being sold, houses remained unfinished, millions of people lost their jobs – by the middle of 1980 the level of unemployment reached 9% and kept rising until the end of 1982, nearly reaching 11%'.[44] It is no one but the former Fed Chairman Alan Greenspan himself who tells us about this. And if you do have a look at the aforementioned table, you will make sure that the Russian economy lived at such a deadly rate of 21% from 7 August 2002 until 16 February 2003, and about ten years more at astronomical rates of up to 210%. What would have happened to the US efficient' economy if the FRB had raised the base rate up to 45% and kept it at this level for five years?

In order to see what destructive consequences bankers from the Central Bank and their superiors from abroad were leading our economy to, just look at the following table. There is much less money in the Russian economy than in economies of Western countries. Some might say that Russia does not work enough. Rubbish! This is like trying to explain anaemia with the fact that the patient does not work enough, forgetting that the doctors just do not trouble themselves with feeding the patient properly. The Central Bank consciously performed a demonetisation of the Russian economy. Just as a normal human body requires a certain number of litres of blood to function properly, an economy needs a certain stock of money. The amount of money in the Russian economy was drastically reduced, which immediately led to a lack of longer-term money required for economical growth and caused a stagnation of the economical development. And the volume of 'blood' let out of the economy amounts to 1.3-2 trillion dollars.[45] For such a policy the Central Bank can be considered the Central Bank of anything but Russia.

Demonetisation of the Russian economy was performed from early 1990s during active implementation of developments prepared by American experts into the Russian macro-economical and political policies. Monetisation still has not been restored[46]

So, what made the Central Bank gradually lower the high base rate? Or maybe, WHO made them reduce the interest rate grip at the throat of the Russian economy? All it takes is to look at the steady lowering of the base rate since Vladimir Putin's team came into power in Russia…

And if are still not convinced that the vast gold and foreign currency reserves of the Central Banks do not belong to Russia, just ask yourself one question: why is the Government going to privatise and sell shares of various companies owned by the state? Why sell shares of'Rosneft' and VTB when you have 450 billion dollars in the reserves? In order to get some money. Why sell liquid assets to get some money if you have plenty of money?

There can only be one answer – if these billions do not belong to you. And projects require money, development requires funds. Even fighting terrorists requires money as well as secret services. Money is required for everything and all the time. But when was the first time the 'printing machine' become non-governmental? When did this madness begin?

It all dates back to history.