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gwb's avatar

So it appears that "Biden" has reached out to Warren Buffett about the banking crisis. Does this mean that "Biden"/Yellen don't have enough control over the Fed and are worried about losing some of their resources?

https://www.bloomberg.com/news/articles/2023-03-18/warren-buffett-in-contact-with-biden-officials-on-banking-crisis

https://twitter.com/FuzzyPandaShort/status/1636786951130062848

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dissonant1's avatar

Money...liquidity for the banks. He's got it and they all want it. Last I read he has not provided a cent to anyone. Good for him.

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Dawn's avatar

Why is Buffet involved? A source of liquidity, or the risk to his empire? Where are his loyalties, Davos or the US?

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Mark Wauck's avatar

I certainly hope so.

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ML's avatar

You may already have read Punchline’s latest appraisal of the heightened US-Ukraine-Rusiia, and China as peacemaker - a very insightful exposé - the first sentence refers to “the arrest warrant” and I immediately thought of Trump! But no, MK refers to the ICC’s warrant on Putin. How do you explain the timing? Trump and Putin, the boogeymen of our DS/wef…coïncidence? And both deflect from Zhou’s, corrupt and “deathly embrace” of Zelensky (see end of MK’s piece)!

https://www.indianpunchline.com/us-paranoid-about-russia-china-summit/

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dissonant1's avatar

The headline covers it nicely.

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Dawn's avatar

Thank you providing other perspectives, today via Jim Rickards. I follow Tom Luongo, GG&G. His thesis makes sense although it’s still playing out as to how right he will be. It’s necessary to listen and weigh other sources/opinions. I value being able to compare what I take away from TL to your postings and reader comments.

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Mark Wauck's avatar

Late in the day yesterday DDB was on fire and explaining some of this in terms that lay folk could understand. She's maintaining that this is very far from being QE, and that in fact the real danger here is deflation--due to banks becoming super cautious. Like Rickards she believes Powell and the Fed will raise again, but she and TL both remind that QT involves more than rates, that the Fed has more tools it uses to drain liquidity. The rate increases, as I understand it, are really largely aimed at Davos and the Eurodollar system.

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dissonant1's avatar

From what I have read today (including Luongo and DDB) the consensus seems to be that the Fed will likely have to stop QT but that they will likely continue to raise rates. A "credit crunch" as DDB puts it is now the main problem. But that is what results when the Fed drains liquidity and raises rates... so it is a matter of degree, always a tightrope.

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perle's avatar

I take issue with only one of your statements, that everyone seems to have caught on now, and Americans? Not so much. It may be part of a plan. they are still incompetent. I would suggest that Americans are not rallying 'round the flag, but the rather have an attitude of don't fight City Hall. Living in New York, I know one socialist who has always worked for government who favors Biden, and not even one person who is 'woke.' This stupidity of arresting Trump will result in three quarters of the Country coming to the understanding that we live in a banana republic. The danger is that it could be difficult or impossible after that to re-establish respect and trust in our government. Sure, Washington and maybe the Globalists might be able to cement their domination over the 'proles,' but at the expense of never really getting the people behind anything they do.

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Brother Ass's avatar

“This stupidity of arresting Trump will result in three quarters of the Country coming to the understanding that we live in a banana republic.”

Hope so and better late than never.

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dissonant1's avatar

I think the "trust in government" damage is already done. They are now desperate enough about keeping power to do this to Trump. They are depending on legalities and bought off or prejudiced judges not popular sentiment.

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Bubblehead604's avatar

That opening paragraph along with the last one are gold. Specifically this: "The regional Fed banks have also been captured in the Left’s Long March through the institutions. That’s why they’re incompetent—it’s part of a plan." (Gramsci is smiling, at least for now.)

What a fascinating and frightening time to be alive, at this inflection point of human history. Good vs. evil. I'm betting on "Good".

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perle's avatar

Granted a stock market crash may be bad for everybody. So how do you avoid it? This is the biggest Ponzi scheme in history, and Ponzi schemes always collapse. The market is totally divorced from economic reality and totally dependent on new money coming in. It is now stalled. Our 'woke' government couldn't care less about economic growth and productivity. It's Trump and your gas stove they are after.

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Mark Wauck's avatar

Ponzi scheme, bubble, whatever you want to call it. Yes, it has to end. Powell, I believe, is trying to unwind it. I think a sure sign of that was his public statement is that he's OK with multiple reserve currencies--that's anathema to Davos, which wants one world currency. Is unwinding it even possible without a mess? Nobody really knows, and I'm sure Powell doesn't know, either. There are two many variable and too much depends on unforeseeable circumstances and events.

The one thing that I'm rebelling against is that the current banking crisis is simply a scheme by Powell to let the big banks absorb the little ones. That, IMO, is a far too limited view of the immensity of what's going on.

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Joseph Kaplan's avatar

Is this trump arrest nonsense also part of this?

Secondly are you aware of recent deals that Netanyahu made with Italy and Germany to supply significant quantities of natural gas through a new pipeline to built through Greece. He also made multi billion dollar deals to sells them the latest Israeli armaments. Where does that fit in to this? If at all.

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Steghorn21's avatar

The (likely) Trump arrest will be another stupid miscalculation on the part of the Davos/Deep State. If they leave him alone, he will blunder on till 2024, alienating a lot of his own side, and if he gets within sniffing distance of victory, the usual suspects can do the usual tricks in the swing states. By targeting him, they will turn him into a martyr and make the peasants even angrier at what they will correctly as a South American-style political-legal hit job.

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Mar 19, 2023
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Matt's avatar

Dems and their allies amplified Trump in 2016 in order to deamplify Bernie Sanders.

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Mark Wauck's avatar

Not sure, but may be part of a deal with the US. The US has drawn down stockpiles of 155mm that are in Israel, and probably other things as well. As payback, US persuades Germany to rebuild its military through Israeli suppliers after US strongarmed Germany into giving stuff to Ukraine. US is intent on rebuilding its own supplies.

The Israeli gas will help those countries, but it won't be enough to make up the shortfall from Russian supplies. Same as Norwegian gas. The entire ME appears to be pivoting to Eurasia and away from US (Bahrain is the latest to say they'll reconcile with Iran). The logical move will be to send pipeline gas to Europe from ME through Syria, with Turkey as the hub (also for Russian and Central Asian gas). Fluid situation--ha ha!--not gaseous.

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Joseph Kaplan's avatar

This just popped up. Maybe answers one of the questions posed about who is winning?

https://www.wsj.com/articles/ubs-in-talks-to-take-over-credit-suisse-ed932b01

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SM's avatar

Jim Rickards briefly mentioned that in the interview with Julia that MW linked to in another post.

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Mark Wauck's avatar

Re the threat of indicting Trump:

Speaker Kevin McCarthy: Here we go again — an outrageous abuse of power by a radical DA who lets violent criminals walk as he pursues political vengeance against President Trump. **I’m directing relevant committees to immediately investigate if federal funds are being used to subvert our democracy by interfering in elections with politically motivated prosecutions.**

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History Lass's avatar

i doubt a committee is going to prevent the first arrest in US history of a former President.

If they really go thru with it

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Mark Wauck's avatar

If this happens, Trump will be re-elected in a landslide victory

— Elon Musk (@elonmusk) March 18, 2023

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Brad Crawford's avatar

I couldn't disagree more with Musk on this one. Hans Mahncke, it seems to me, has it right:

"This is all very simple. The regime has gamed this out and wants to boost Trump with the GOP while damaging him with everyone else. They hope Trump will be the nominee and believe he is the easiest to beat. That plan didn't work in 2016. Then again, it's no longer 2016."

twitter.com/HansMahncke/status/1636916094848884736

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Brad Crawford's avatar

And I'll throw this in from Will Schryver while I'm at it:

"In my judgment, it is a calculated distraction. It means nothing. It will amount to nothing, other than to get many people to avert their attention from serious matters taking place elsewhere."

twitter.com/imetatronink/status/1637277201568763904

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Steghorn21's avatar

I don't quite get the DS's fear of Trump. They did a good job of shackling him first time around, and he often proved to be his own worst enemy. If he wins in 2024 - big if - they will be even more effective in taming him.

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Mark Wauck's avatar

Two words: Fed, SCOTUS

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Mar 18, 2023
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Bruce-PNW's avatar

@Castelletto - I think his 2016 run was mostly on his back + serious good deep thinking patriots. I do not know why the Cocaine Turtle was so useful on judicial nominations, but he was and I thank the stars for that (likely mutual opportunity). I believe a Trump 2.0 comes with significant "extensions": he is a very very fast learner

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Mar 18, 2023
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susan mullen's avatar

You say Trump "has cleaned their clocks twice now, not once." He was elected in 2016 because he unconditionally promised a wall. That was the only reason I voted for him. I didn't find out til after he was elected that what he actually meant was he'd ask congress for a wall. Had I known that, I'd never have listened to another word he said. Entire congress is rabidly open borders. When was the second time he won? He'll never be pres. again. In 2016 he won Michigan, Penn., and Wisconsin but he'll never win those states again. In 2022 his choice for US Senator from Penn. was so bad, voters instead chose Fetterman, now in hospital for depression.

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perle's avatar

Unfortunately when Trump was elected you got a President who would follow the laws of this Country. Next time vote for an Obama or Biden who do whatever they want and have the backing of the judges and media. Who needs the rule of law anyway?

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Mar 19, 2023
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susan mullen's avatar

No, I'm not aware "that he won the 2020 election, handily." If you think he did, please provide links to substantiate that. Perhaps Trump campaign manager, Jared Kushner, who in Oct. 2020 cancelled Trump tv ads in key battleground states, has provided you with data that I haven't seen.

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History Lass's avatar

So why are they doing it? Short term optics? Major bread and circus distraction? Stupidity is a given. LOL

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susan mullen's avatar

One of the reasons this is happening is that In New York state, District Attorneys are elected, not appointed as in some other states. Manhattan's DA Alvin Bragg was elected. I "vote" in Manhattan, but all the judges running for office are democrat.

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hope's avatar

Woke up to an article suggesting Deputy AG Meg Reiss may be the impetus behind this Trump arrest rather than Bragg.

While researching who this woman was, I ended up going down an interesting rabbit hole involving the connections between Reiss, husband Simon Freakley-CEO AlixPartners, Jules Kroll-founder Kroll Associates and former DA Cyrus Vance. After I closed up shop, I thought the article may have some validity.

I'm out west in the desert. Since you are in Manhattan, I would be interested in your thoughts.

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susan mullen's avatar

For a long time Bragg has been nagged to arrest Trump but has refused to do so. Two lawyers in Bragg's office quit in Feb. 2022 allegedly in frustration that they couldn't convince Bragg to arrest Trump. Per Feb. 23, 2023 NY Magazine article, one of them has written a book about it and appeared on 60 Minutes: "On Sunday evening, Manhattan district attorney Alvin Bragg gathered with several close advisers on the eighth floor of the office’s Chinatown headquarters to watch a 60 Minutes interview with Mark Pomerantz, who had led the DA’s investigation of Donald Trump. In his new book, People vs. Donald Trump, he takes Bragg to task for refusing to green-light criminal charges against the former president early last year. Bragg and his advisers had little idea what he planned to say ahead of the book’s release days later, though they had been on the receiving end of his criticism for the better part of the past year."..."The Untold Story of the Lost Trump Investigation Thanks to Mark Pomerantz’s fight with Alvin Bragg, we know more than ever."...https://nymag.com/intelligencer/2023/02/mark-pomerantzs-revealing-fight-with-alvin-bragg-over-trump.html

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hope's avatar

Thank you. Interesting new information. Have not heard of Pomerantz - appears he was on a mission, but odd he would choose to release a book during a case. Have to admit following this peripherally as we have our own drama down here. I thought this was about his financial assets but now the focus is on a hush money investigation and that is confusing as I do not remember anyone going after Clinton for paying Jones hush money. Appreciate the response.

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Bruce-PNW's avatar

The Deep-State-Fusion-Uniparty wishes to demonstrate they can ruin and thwart *anyone at will*. What they are doing to Trump is meant to be spectacular, asymmetric, and strong lawfare. They think they have control of the vote counting (if we still get to do that in future), so the naked ugliness and unjustness of their moves bothers them not a whit

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Steghorn21's avatar

Could be Option 3, History Lass. Never forget that these people are incredibly arrogant and are totally separated from reality. A dangerous combination that leads people to do crazy things.

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Mark Wauck's avatar

@ThomasJankinson

·

It's not a matter of delighting in it. It's just a reality of what needs to happen. **The wealthy need to accept a smaller piece of the pie. If they continue to squeeze the lower classes, the system will collapse.

Corrupting the system eventually breaks it.**

@DiMartinoBooth

·

Have you seen private flight volumes? **Wealthy feeling the net worth squeeze, don't you worry. That's the beauty if Powell succeeds in killing the Fed Put. He moves mountains wrt closing the inequality divide.** We'll see if he succeeds in outrunning systemic risk.

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Mark Wauck's avatar

Danielle DiMartino Booth

@DiMartinoBooth

·

Even if Fed only pauses come Wednesday, it will still be tightening via QT. Just look at ODL in yesterday’s H.8

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Mark Wauck's avatar

Yellen: "We need another distraction. This bank thing is killing us in the polls."

Zients: " What about UFOs?"

Yellen: "No one cares anymore."

Zients: "OK. Let's arrest Trump."

Yellen: "That'll work."

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History Lass's avatar

Hmm, what timing!! Tuesday is also the day of the meeting of Xi Jiping and President Putin. A total juxtaposition of bread and circuses and statesmen ushering in a multipolar world. More popcorn please

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History Lass's avatar

I wonder if Rush would be telling us " its time to panic" Probably not, ever the optimist was Rush. Have to admit though, since his passing I have found other sources of information such as this outstanding blog and others. I have a very very different understanding of the world and Americas role in it then I did that February day 2years ago. It is humbling and very painful to realize that your country has caused so much suffering across the globe for the better part of its history.

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Chuck's avatar

"It is humbling and very painful to realize that your country has caused so much suffering across the globe for the [latter] part of its history."

Adjusted that a little.

Just the last 50 to maybe 80 years or so ... mostly starting when they brought the Nazis here after WW II.

Yes, we had issues before that, but that really ramped up the bad stuff. And I was ignorant of most of it until the last 10 years or so.

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History Lass's avatar

Point taken . I would push it back a bit further.....overthrowing the Kingdom of Hawaii, the Maine and the Philippines. We learned in school ( that was a ways back ) that unlike other great countries America never had an Imperial Conquest phase...au contraire

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Chuck's avatar

You are right. We had - and still have - the imperial conquest stage. Even consider "manifest destiny" - that we were to rule, sea to sea, with all that followed from that, such as the trail of tears, etc. We have done much good, provided much freedom, but harm as well. Like all nations, we are a mixed bag. With much power comes the chance to do much good, but much bad as well. Both get magnified.

My choice of after WW II was largely because our leaders, or at least many of them, fully embraced the evil by bringing in the Nazis. We can point to FDR, to Woodrow Wilson, and to many others as setting the stage. As a nation, we have done both much good and much bad over our history. But, imo, the full on acceptance and embrace of evil by so many came after WW II. May the Lord have mercy on us!

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Bruce-PNW's avatar

I dare to say Rush would have made daily the intertwined themes clear to tens of millions, and in the telling, made it harder to do evil. Today, we have Chatsworth Osborne, Jr & Mark Steyn talking with the Big Voice, and many others, including our own Mark Wauck. It is what Rush launched, and we are lucky for his gifts.

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History Lass's avatar

@Bruce, Yes, so much of the alt media has risen due yo the massive influence of Rush. He was one of a kind.. Miss him.

Must say that Chatsworth has come a very long way from his bow ties day.😂 Rush would be proud of how Tucker is exposing evil.

For those who did not listen or have access to the late Rush Limbaugh, his pet nickname for a very young Tucker Carlson was Chatsworth Osborne. Tucker in those days sported a bowtie reminding Rush of the character /side kick of Dobie Gillis ( a 1950?) TV show in US.

I am grateful for so many writers here on Substack, Mark, Simplicus, Igor and Jeff Childers. As well as Larry Johnson, Tom Lugano, the Duran guys and Smoothie (Andrei Martyanov). They keep me sane and informed

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Mark Wauck's avatar

THIS: "It is humbling and very painful to realize that your country has caused so much suffering across the globe for the better part of its history."

Rickards reminds us all in the video of what the Opium Wars were all about. He says the Chinese haven't forgotten. I bet not.

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Steghorn21's avatar

It's also very humbling and painful that I was so blind to this evil until relatively recently. And please don't take that as a snotty Brit having a go at America. If anything, the UK is just as evil.

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History Lass's avatar

Agree. Civilizational societies have very long memories. India, Russia, China, Iran, Syria .... the hubris and ignorance of Americas "leaders" is breath taking. America may end up being a very short blip on the civilization timeline

Speaking of which can anyone recommend a good book on Russian history?

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ML's avatar

To add to your list! These 3 authors spring to mind: “Natasha’s Dance” ( outstanding cultural history) by Orlando Figes; history and bio of Stalin period, the excellent Simon Sebag de Montefiore; and a much revered historian (British, as the best are!), cited by Mercouris, Geoffrey Roberts, specialist in Soviet military history! Bon courage HL!

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History Lass's avatar

ML Thank you so very much. Looking forward to reading these. Natashas Dance sounds very intriguing. Just ordered it!!! Must look into Montefiore. Appreciate the recommendations!

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ML's avatar

N’s Dance is passionate and exhaustive, and as you’ll see from the title, most poignant, given our present anti Russia delirium…

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Brother Ass's avatar

Geoffrey Hosking has written the best general histories of Russia.

His “Russia and the Russians” has been called the “King James version of Russian History.” It covers the entirety of that history: Kievan Rus, the Empire under the Romanovs, and the Soviet and post-Soviet eras. https://a.co/d/cvdCait

“Russia: People and Empire” is the finest analytical overview of the imperial period out there. https://a.co/d/cLEomFQ

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History Lass's avatar

Brother A: Thank you so much for the recommendations. I have ordered Russia and the Russians. I love hanging out with well read people!!

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Chuck's avatar

I was against the USSR during the Cold War, and pleased when the Soviet Union dissolved. Now they appear to relatively be good guys, especially compared to the criminals and sociopaths currently running our country.

Nonetheless, the Bible tells us Rosh does not have a good ending. Check out Ezekiel 38 and 39, and consider their role in Revelation. For now, I'm kind of rooting for them, especially because of Ukraine's corruption and Nazism and globalist ties, but this current elevation of Rosh is a precursor to their final downfall. That said, may many of their people be led to glory in Christ and what He accomplished at the Cross.

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Mary Hartley's avatar

Catherine the great, by Massie is also good. I intend to read Peter the great, by Massie, too.

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Steghorn21's avatar

There are so many, History. Depends what era you want. I don't know about general histories but a book I loved about the end of Tsarism and 1917 was Nicholas and Alexandra by Robert Massie. A great and tragic story told by a great historian. I'm sure our wonderful host and his worthy commentators can recommend more.

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History Lass's avatar

Thank You! I will look into that one.

Am hoping to find an overall history.

I am hoping to get a good selection from our fellow commenters

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Bruce-PNW's avatar

Dear History Lass: some of the books by the great Aleksandr Solzhenitsyn could serve to give you a good taste of core Russian culture, especially his later in life works.

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