When the history is written about the current war in Ukraine, the economic fallout will be seen as one of the critical determining factors. The West grossly miscalculated that Russian sanctions would create sufficient stress and pressure among the Russian population to force Vladimir Putin out of power. This is one of the greatest intelligence failures since the end of World War II. There are two possibilities — 1) intelligence community analysts failed to warn policymakers about the critical resources Russia controls and Russia’s ability to operate as a largely self-sufficient economy, or 2) policymakers were warned and ignored the intelligence analysis. I am not privy to the intelligence community product on this front, so I cannot tell you if it is #1 or #2.
The world is facing a global economic contraction that is exacerbated by the sanctions on Russia, supply chain disruptions in China and out of control fiscal policies in the United States and Europe. The following video out of Estonia is symptomatic of the mounting economic perils:
Winter has arrived and there is no immediate rescue available to solve the energy shortage created by trying to close down Russia’s role as a supplier of oil and gas. Mr. Ann Veskimägi, head of Estonia’s largest furniture factory and president of the furniture union, talks about the real economic situation in his country and other European countries. He notes:
Massive reductions of stuff in the company, productivity decreasing and falling, non-competitiveness, bankruptcy and ruining.
Industries such as woodworking, metalworking, chemical industry and fertilizer production have suffered. Siemens is laying off more than 2,000 people. The main cause of total economic problems is the rise in electricity prices.
Equally bad news from the UK:
The UK faces its biggest drop in living standards on record as the surging cost of living eats into people’s wages, It also expects the number of people who are unemployed to rise by more than 500,000.
https://t.me/Slavyangrad/20911
UK Finance Minister delivered the grim
news on Thursday:
The United Kingdom has slipped into recession, the country’s finance minister Jeremy Hunt said Thursday. The last time the U.K. was in recession was during the 2008 financial crisis, which shattered the global economy.
Hunt, the Chancellor of the Exchequer and the second-highest ranking member of Britain’s government behind Prime Minister Rishi Sunak, made the anxiety-inducing declaration to lawmakers gathered in the House of Commons to hear his hour-long financial address, called the Autumn Statement.
In it, he outlined the state of the world’s fifth-largest economy, which has been battered by soaring inflation and energy prices. The economic woes are due in large part to the war in Ukraine and supply chain disruptions lingering from the COVID-19 pandemic, but also a self-inflicted wound by the previous prime minister and her top economist, whose plan to slash taxes sent shockwaves through financial markets.
https://www.cbsnews.com/news/uk-recession-economy-inflation-tax-rises-energy-prices/
In fact, all of Europe is facing an escalating collapse of economic activity. The deadly mix of rising unemployment and inflation will force the European governments to make hard, wildly unpopular policy choices.
Do you think that Europe can sustain its current policy of continuing to fund Ukraine? Compounding the daunting challenge is the success of Russian missile strikes in destroying Ukraine’s ability to continue to supply electricity to its major cities. The lack of power means that water cannot be pumped to the upper stories of the condos/apartments that dominate the Ukrainian cities. It also means those apartments will not have heat. With no water, no lights and no heat those civilians will have to abandon their homes. Normal life is no longer feasible.
Ukraine’s ability to sustain military operations is diminished, in part, because the United States does not have unlimited weapons and ammunition to sustain them. According to CNN:
As the first full winter of Russia’s war with Ukraine sets in, the US is running low on some high-end weapons systems and ammunition available to transfer to Kyiv, three US officials with direct knowledge tell CNN.
The strain on weapons stockpiles – and the ability of the US industrial base to keep up with demand – is one of the key challenges facing the Biden administration as the US continues to send billions of dollars of weapons to Ukraine to support its fight against Russia. One of the officials said the stockpiles of certain systems are “dwindling” after nearly nine months of sending supplies to Kyiv during the high-intensity war, as there’s “finite amount” of excess stocks which the US has available to send.
Among the weapons systems where there’s particular concern about US stockpiles meeting Ukrainian demands are 155mm artillery ammunition and Stinger anti-aircraft shoulder-fired missiles, the sources said.
Some sources also raised concerns about US production of additional weapons systems, including HARMs anti-radiation missiles, GMLRS surface-to-surface missiles and the portable Javelin anti-tank missiles – although the US has moved to ramp up production for those and other systems.
https://edition.cnn.com/2022/11/17/politics/us-weapon-stocks-ukraine/index.html
Tough talk and promises of continued support to Ukraine cannot reverse the reality of the West’s limited ability to continue to pour scarce resources into Kiev’s black hole. Republican control of the House of Representatives creates an even bigger problem for Joe Biden to make good on his promise to send more money and weapons to Ukraine, if his administration can find them.
We are witnessing a consequential historical moment that is going to change the face of the international order. The ability of the United States to dictate terms and remain in charge of the international economic order is now in question.
One final observation. Europe is being kept in the dark in terms of honest information about the situation in Ukraine. One of my friends, a retired US Naval officer, recently visited Paris and reported that getting any legit information about the progress of the war in Ukraine is very difficult. The populace is still being inundated with propaganda. Yet, the economic chaos is real and palpable. At some point, reality will compel authorities to dispense with the propaganda and try to figure out how to placate angry workers amid a contracting economy.
As far as I can see, Larry, your suggested scenario “At some point, reality will compel authorities to dispense with the propaganda and try to figure out how to placate angry workers amid a contracting economy” would be the best outcome for people. There could also be a military suppression of those “angry workers”. Let’s hope that your vision prevails.
More likely than “… a military suppression of those angry workers” is a shift of responsibility towards an external enemy. 1984?
An army deployed at home suppressing its own people both keeps it out of mischief abroad and hastens the delegitimization of the globalist oligarchy on whose behalf it acts.
Dear friends: Cryptogate is coming. Prepare yourselves, as the worst is yet to come.
Wishful thinking, just see what happened to the yellow vests in France
They need money to pay those soldiers
Hi Larry, good article as ever! I worked in Tuzla in 1993, a city with a few high rises and no electricity during the war. What you say is true, no water could be pumped to fill the water tanks in the upper stories. However, one day I was driving past some high rises and I noticed a lot of young men gathered in groups around at the ground floor entrances. I asked my interpreter what they were doing as they looked somewhat threatening. He replied that they were too young for the army so they volunteered to carry buckets of water up the stairs to the different apartments many of which were occupied by elderly people. The water would be used to fill toilet tanks, cooking and washing. The youngsters had made a game of seeing who could carry how many buckets in the shortest time from a water bowser to the different apartment floors! As a consequence occupants were able to continue living in their apartments. I went away from Tuzla a year later impressed by the spirit of the population not just because of this act but many others that occurred that I witnessed over my time. War doesn’t just bring out the worst in people it can also bring out the best.
Great anecdote, unfortunately most of those young men have been vaporized by Russian tulips by now. Sad. Evil empire AKA the west must needs Jesus!
At this stage there, people not adjusting will have more trouble. It is now like sudden immersion into survival basic training. This means those people who think you need clean drinking water to transport urine and feces, or you need a refrigerator in the winter will learn quickly. I expect bicycles with good snow tires will be in strong demand.
Do you mean Tuzla city in Bosnia-Herzegovina? If that’s what you are referring to then it’s a small city about 1/20 of Kiev which used to have a population of nearly 3 million but now may be half. Even 1.5 million people without water/electricity/cooking and heating is a complete different story especially when the Russian military exercises full command over the situation meaning they can always hit more vital infrastructures that would make life just impossible.
Presumably, those apartments receiving the water were above freezing temperature. Full toilet tanks and sinks don’t do much good if the water freezes.
It has been an Anglo-Saxon tradition for centuries to take countermeasures when a state on mainland Europe could become economically and politically more powerful. This state of affairs is and always has been unacceptable for England. The First World War is also the result of political forces in England (at least since 1905) to provoke a war against Germany and to arrange it in such a way that Germany and Austria-Hungary fire the first shot.
Years before the First World War, English propaganda in the mass media portrayed the Germans and the Emperor as child-eating Huns. The fact that the German Emperor was a favorite grandson of Queen Victoria was not mentioned to the English citizens.
Now I understand my grandmother’s negative attitude towards English politics. She experienced the Kaiser and the pre-war period at that time. By 1945, many Germans were very aware of the historical sequence of events at that time. From 1945 onwards, history began to be re-told and the narrative of the total and sole guilt of the Germans began.
Putin knows more about the true historical context than official German historiography ever wants to say. The truth would not completely rewrite history. But the official picture cracked and quite a few edifices of lies would collapse. The first sole responsibility of the Germans after the 1st WW was at least unfair. After 1945 Germany was finally on the ground. Russia must be aware of these connections and the special nature of Anglo-American foreign and economic policy and must therefore prepare intelligently.
As an English person, I actually agree with this analysis. The demonization of Germany in the early twentieth century has a metaphor in the current demonization of Russia, and also increasingly China.
Most people in the UK have been propagandized to accept a very rosy coloured view of our history. I do not believe in apologizing for that history (the past cannot be blamed on people alive today) but on the other hand we need to have much more balance in how we discuss it and accept that it takes two sides to make war. We also need to stop lauding the “special relationship” with America, which is deeply unhealthy.
My biggest question right now though is why Germany is seemingly going along with all of this. No German national interest is served by severing relationships with Russia. Except for the twentieth century wars that were a major aberration the historical linkage of Russia with Germans has always been close too. One of the greatest Russian rulers, Catherine the Great was even a German, after all.
Greetings Stephen… the truth must be said. The English monarchy and the old Merchant class are responsible for heaping an unfathomable amount of misery on this planet in the name of the English people.
Every people are responsible for the wrongs done to others by their leaders. The karma due to the English is to say the least colossal. You must take this system of government and flush it down the loo. Keeping with the theme of economics, here is one example: around the year 1750 India’s GDP (Gross Domestic Product) was close to 25% of the World’s GDP Brittain’s was close to 3%. In 1880, Braitain’s GDP was close to 25% and India’s was 3%. Then I watch Liz Truss lecture the Indians on what they should do to help Britain. Nothing is harder to watch than arrogant person without a future. The only future the English elite have is through spreading their old corruption around the planet. The English must rise and redeem their glorious history of standing up for freedom.
K. talaat…. As an Englishman… I reject your opprobrium. And your declarative yet contradictory posits. You blame the Crown and the Merchants for imposed misery. Then you trumpet that the commoners are responsible for the acts of their leaders. In their world of zero voting rights, I have to wonder where you grew up. Is a commoner American responsible for the last 60 years of evils visited by the US invasions, coups and sanctions….? All commoners were owned chattels, that was how History comported itself those days. Not much change today…all commoners are chattels to their employer, merchant class or otherwise. Exacerbated in America 20-fold because here, commoners are subjugated to relying on Healthcare decreed by their employer, or having none. UK has universal healthcare for all, for free, no bills for healthcare, no for profit Insurance Company “death squad” denying you healthcare. Hmmm. Fine if you work for a company which gives you free gold plus healthcare, you don’t get why others complain…and die. Many commoners cannot leave a crappy employer, because they’d lose the Healthcare…you’ve heard it, you know it, it’s chattel slavery of a type…the South understands true slavery as it is. And celebrates it.
Liz, gormless as she is, can lecture India. Doesn’t matter anyway…the world has changed dramatically in the latter part of this century. BRICS will set a new global standard of individual nation respect and mutual trading benefit.
The “spreading their old corruption” you refer to, was actually the Silk Road trade routes. Took risky investments. Created the wealthy trading class. Pillaged every country they entered, then returned it to independence, having civilized it, built roads and railways, hospitals, schools, judiciary, government structure, ports, agriculture, development, water and civil projects. Sure they took a profit, but they also re-invested those to build the nation, for more profitability. Let it stand on it’s own feet with Oxford educated diplomats and captains of economics and Industry. I offer no apologies for my people.. the sun never sets on the English Empire. In business, you re-align your investments…No….? So what happened with the US Big Oil companies in Ecuador and the Amazon…?
The English Do Not have “a glorious history of standing up for freedom.” In WW1 and WW11, an ally was attacked. They immediately, without hesitation, declared war, standing with their Ally. That’s what treaties are all about. You Honor your Treaties. For the last 2000 years. It’s that simple. The World takes note of those upstart countries which continuously ‘break’ or ‘disavow’ their Treaties. They really cannot be trusted.
Sir Angloman, I see lots and lots of contradictions and lot more Chutpaz in your statements. First ask yourself this simple question why did the British travel those so called Silk Roads in the first place? Then you also state “Pillaged every country they entered, then returned it to independence, ” how is it different from a rapist telling a woman after raping her I let you live?
With all due respect to you Mr. Angloman those people who were pillaged, how do you think they survived all those thousands of years without your magnanimous pillaging? Do you really believe those savages didn’t have no “having civilized it, built roads and railways, hospitals, schools, judiciary, government structure, ports, agriculture, development, water and civil projects.?”
If not how did the Indians and Chinese acount for 50% of the GDP of the world before the CIVILIZERS AND ROAD BUILDERS so on so forth came to their rescue?
This type of ignorant arrogance is what people of the east hate about the ANGLOMEN.
Give the people of the so called third world the respect they deserve as human beings.
Do you know that Indian PM Modi said “There is no first world and no third world, there is only one WORLD”.
ANGLOMAN I hate to say this to you in all humbleness that K. Talaat is absolutely right. KARMA as you might have learned in your expedition to Afganistan in 1800’s where only one soldier returned home to tell the story is a real BITCH. Honestly I don’t wish it on you or your people, but the laws of nature is Karma I just feel sorry for you. Thank you
If you know a crime resulted in good things you have are you not a beneficiary of that crime?
As a beneficiary do you not bear responsibility? There is a difference between responsibility and guilt.
If I buy a radio from a thief as that’s all there is, I know it’s a thief, am I not also supporting crime?
The West has a habit of starting history where they like. The East has a concept of karma, individual, family, country.
In the West an individual wants to be judged on own merits and ignore responsibility to others. In the East karma has to be addressed else it festers and creates bad things for the individual, family, country.
So you may be good. But do you not have a responsibility, now serfdom has ended to not sit while your leaders devour entire nations alive and hand you and your children their wealth. What doing something looks like is the question. Sometimes raising your voice or education is all one can do. Plus ofcourse, vote.
That’s said other countries are not angels either.
The UK did do some good things in India though, for example Hindu lower castes and Hindu and Muslim women could for the first time get education, they banned sati (burning Hindu women when their husbands died), destroyed the thuggi cult, gave untouchables opportunity they never would have got. Plus massive investment of alot of the wealth they got from India into Indian infrastructure, health and education.
Bad things were the racism but caste system nothing new in India where ordinary person had no power pre Brits, massive theft, destruction of Sikh Empire in1949 was terrible as they kept Tibet free and we’re a better fairer empire.
India was sold out by alot of it’s own weak and corrupt Kings and elite who would happily dine in London and educate their kids there. That bit is always forgotten.
Ash you say “The UK did do some good things in India though, for example Hindu lower castes and Hindu and Muslim women could for the first time get education” Are you serious?
Do you think that an ancient civilization that gave raise to Self Realization through meditation, wholistic health care through the practice of Yoga when those Europeans were still hunter gatherers need those pillaging and looting British to make them get rid of those vices? Every society does in deed go through those vices just look at the US and EU where they preach kids that there are 67 versions (LGBTQ++…) of sexes instead of two as was known to the human kind and I might dare say even the animal worlds.
You also say that ordinary Indians had no power before the British, did you hear about Panchayat Raj which means local governance where the elders play a substantial advisoral role (this is practiced even in Africa). Contrast that to the practices in the west where the old people are carted off to old people homes (out of sight out of mind). I am sad to say that this practice is even spreading to India.
I had a lot of respect for Tucker Carlson but he too is bought into this nonsense. That because of the British the Indians had the railway systems. I do agree the locomotives were an invention of the west, but with every human invention it spreads to the rest of the world. By the way the Indians have a private company that is putting satellites into orbit. Elon Musk better watch out, nobody, I mean nobody can match the relatively cheap service these guys can provide to the rest of the global south say 70% of the population. (not blood sucking practice of the western corps)
Thanks
k. talaat,
A couple of questions:
Do you realize that “Every people are responsible for the wrongs done to others by their leaders” is a formula for generations of ethnic war?
How was GDP measured in 1750 India and Britain, and how are the methodologies calibrated against each other?
Those are sincere questions. I have no interest in defending, or demolishing, the reputation of the British empire. The great empires were all paradoxical beasts, to varying degrees productive and parasitic. The Hittite, Persian, Hellenic (Alexandrian), and Roman empires were all tremendously productive in spreading mathematical, scientific, social, political, and economic ideas that resulted in great material progress, but they also committed a lot of real nasties. The Ottoman empire in my estimation was more to the parasitic side, mainly significant for extending slavery. The British empire was, in the past, one of the great productive ones, although that looks increasingly distant in light of the dismal record of late-imperial and post-1945, whatever you want to call it, Britain.
Dating back at least to the Opium Wars, Britain has been like a pipe that intermittently, but with increasing frequency, gushes moral sewage on an international scale. They get a pass because they have taken very concrete steps to assure that their view is privileged throughout the Anglosphere, first through the deferential and privileged economic and political relations accorded in the various independence arrangements that formed the Commonwealth, and, once Britain decided to accept the reality that the US was going to surpass them as an industrial power, a very focused soft-power campaign on US elites, cultivated through relationships in the banking system, academia, and various other cultural institutions that Americans looked to for validation. What’s more prestigious among ambitious young Americans than to attend Oxford on a Rhodes Scholarship? Such cultivated Anglophilia paid off spectacularly when J.P. Morgan and other Anglophile bankers invested heavily in Britain’s WWI war effort, then launched a dirty campaign, first to undermine US neutrality then to enter the war outright, to protect their investments. The US ended up fighting to preserve the Empire for a bunch of IOUs. Britain’s political co-optation of the US was in doubt during the days of the WWII alliance, as the Atlantic Charter of 1941 put Britain on notice that they were not simply going to piggyback their empire on American military-industrial might. But it was Churchill’s good fortune to be dealing with the lightweight Truman, who did not see through him the way Roosevelt did, at the conclusion of WWII. So the Cold War started as Britain’s ambitions towards Eastern Europe and the Caucasus region, manifest since the conclusion of the previous world war, were given a new lease on life by leveraging the fleeting US nuclear monopoly. That’s some majorly shitty stuff, right? But it still doesn’t negate that many of the ideas and systems used by the non-west to better themselves were introduced to them by the British. For example, the Nationalist revolution in China was started by western-educated Chinese including Dr. Sun Yat-Sen, who understood English and the works of social, political, and economic theory originated in that language. And, we tend to overlook, the Dialectical Materialism of Marx was in many ways an offshoot of economic theory developed in Britain. Appropriately, Mr. Marx spent his last years in London.
There might be some good ones in UK, but it has to die, for the sins of Willem of Orange, John Churchill, Horace Nelson, Arthur Welleseley, Brigadier Chucky Fitzclarence (who single handedly prolonged the Great War for 4 years), Edmund Allenby, Thomas Edward Lawrence, Arthur Harris and others too many to list here.
It has to die once for all so Europe can survive. The Nobles will flee to their estates elsewhere, where they will marry local elites and disappear. The people do have to die.
kulmthestatusquo… in case you hadn’t noticed, Britain fled EU with Brexit. They were tired of propping up the EU economy and providing EU directed benefits to all the EU citizens who re-located to UK. Now it is the EU who is sinking, Britain will be fine. Remember that the UK does not and did not vote for their monarchy and upper class. It has always asserted itself upon the commoners. For a thousand years….
Britain will be fine – yeah, sure. The economy is tanking, especially if you compare it with France or Italy or Germany – and they are doing pretty badly too. Brexit has been a disaster, but the stiff-upper-lip brigade can’t acknowledge this – yet. We are going down the Portuguese road after their South American empire failed.
Look for example at the Japanese Navy. (Japan spends approximately the same as the UK on ‘defence’). They have a couple of dozen multi-function destroyers with anti-ship, anti-ground, anti-submarine and long range anti-air missiles.
The RN has six destroyers (five of which are currently in dock), which break down in hot weather, don’t have silenced propellors, have to have their hatches wedged shut with wooden wedges to stop them rattling and have only half the number of only short/medium range AA missiles, no anti-ship capability, no anti-ground capability, no anti-sub capability.
This is symptomatic of the lack of serious design capabilities in the UK any more, and the supremacy of (dysfunctional) managerial philosophy, which is widespread throughout the ‘economy’ – such as it is.
Muralidhar Rao… Beyond the 15th Century, India and Africa had no structured civilized infrastructure, roads and railways, hospitals, schools, judiciary, government structure, ports, agriculture, development, water and civil projects. Except for the development of such by the British. Same goes for the Dutch, French, Spanish and Portuguese. None of this existed prior to their investment in their colonies, in search of market commodities. The posit that India and China was 50% of world GDP is plain ludicrous. They did not incubate the industrial revolution. But they are the recipients of a vastly improved general infrastructure than they had before. The ‘pillaging’ was of the extraction of unused, un-mined natural resources, of which they had no industrial capability. Again, a commoner, without even a vote, has zero culpability for the actions of their monarchy. The Dutch were the Slave Traders, with purpose built delivery ships, the other western nations developed natural resources, similar to what you see today. But I agree with you, India had no world power before the British. Gradually, it is beginning to stand on it’s own, since Independence. Alignment with BRICS will propel India, today, into a new future as a world class trading nation. A capable, sovereign nation. Modi is incorrect, there will always be 1st and 3rd class worlds. And some 4th class. That’s just reality… and greed..and hegemony, avarice and authoritarianism evident everywhere except in Modi’s enthusiastic but dystopian dream… Hell, India hates Pakistan, carved out from it’s own country cause they couldn’t reconcile on anything… how well is that working out for y’all….
Agree 100%. history taught at school, TV, films resposible for conditioning the British populace to blame the Germans for both world wars and to hate and fear the Soviets/Russians.
Antidote:
– Hitler’s war/The path to War by David Irving
– Churchill, Hitler and the Unnecessary War: How Britain Lost Its Empire and the west Lost the World by Patrick J. Buchanan
– The Phoney Victory by Peter Hitchens
– The Donkeys by Alan Clark
– The Collapse of British Power (Pride and Fall sequence) by Correlli Bernett
-Hidden History, the secret origins of the first world war by Gerry Docherty, James MacGregor
– Prolonging the Agony: How the Anglo-American Establishment Deliberately Extended WWI by Three-And-A-Half Years. by Gerry Docherty, James MacGregor
– several books on WW1 & WW2 by John Mosier
– several books on WW2 aftermath for Germans by by James Bacque.
This is just for starters !!!!
As recommended by Larry Johnson, I just purchased: Grand Deception: The Truth About Bill Browder
Thank you!
The president of ukrotransland awarded orders of merit to editors in chef of german newspapers this week. They are proud to beeing provided them for: forcing the germans into active participation in the anti-russian war. They got orders third class. Thats one reason. The other one: since 20 years no german gouvernement made foreign policy than US-foreign policy. Thats simple secret-service-work, called Atlantic Bridge.
“Most people in the UK have been propagandized to accept a very rosy coloured view of our history”
“My biggest question right now though is why Germany is seemingly going along with all of this. No German national interest is served by severing relationships with Russia.”
It appears that your own rosy colouration is the illusion that “representative democracy” represents national interest – an illusion not restricted to “people in the UK”.
They were the three grandchildren of Queen Victoria. Three cousins. King George V, Kaiser Wilhelm II and Tsar Nicholas II. And it was the rapprochement between the Kaiser and the Tsar that triggered WWI. In the end George V was forbidden to grant Nicholas II asylum. In perfidious Albion!
Oil and gas prices have dropped by about 30% since the northern summer highs.
Good for Europe, bad for Russia.
European temperatures, so far, higher than normal for winter. Could change of course.
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_6782
“Despite the challenging environment, the labour market has continued performing strongly, with employment and participation at their highest and unemployment at its lowest in decades. ”
“As inflation keeps cutting into households’ disposable incomes, the contraction of economic activity is set to continue in the first quarter of 2023. Growth is expected to return to Europe in spring, as inflation gradually relaxes its grip on the economy. However, with powerful headwinds still holding back demand, economic activity is set to be subdued, with GDP growth reaching 0.3% in 2023 as a whole in both the EU and the euro area.
By 2024, economic growth is forecast to progressively regain traction, averaging 1.6% in the EU and 1.5% in the euro area.”
Hardly Larry’s disaster scenario.
This is not completely non sense, but two essential variables must be taken into account :
1) the energy crisis in europe is far from bein over (the French nuclear plants are in poor condition and cannot restart at 100% for months , maybe years, coal-fired power plants are running, but no one is safe from another very hot summer which would dry up European rivers, and therefore no waterways) and it will not be possible for European countries to have a sustainable source of cheap energy.
2) Americans like Europeans still do not produce much on their territory, and they do not own all the natural resources they need (rare earths in particular).
The real economic swing will come from the resource and/or energy producing countries that choose to side with the BRICS.
Russia has suffered greatly from western sanctions, but it retains a decisive advantage in that it has rich friends (China, Saudi Arabia, India, Brazil), and that its territory is rich and immense.
The West has staked a lot in the war in Ukraine and even if Russia does not win the conflict militarily, it will have exhausted the West as much as it has exhausted it.
This is a fair point.
When you see responses like troll instead of counterargument to such points you know the infantalisation of a significant portion of the West is complete. Adults calling names like high school kids. I guess it’s the level.
Enry, we will watch and see at the end of the winter. Do you bet for the outcome or run away?
Here in the UK inflation is far worse than the official figures. And the weather is now much colder after a relatively balmy start to autumn. Business are closing down all the time due to the energy costs, and taxes are shooting up across the board.
Stockpiles of gas and government (taxpayer) support are going to be a help this winter in Europe, but next winter is another story.
I’d say Larry is about right.
Dear Henry Rech
Spoken like a troll off its trolly.
Must pay better than a cure for herpes.
PS
I will continue to believe Larry, it’s an education.
Continuing to believe Larry will be an education for you.
The wise old Chinese said ‘man can predict everything but the future’, yet we all try, on balance Larry has beaten many others hands down, you amongst them.
What you’ve been pursuing in the blogosphere is the career designed to applaud, support and to rather enjoy the evil of the American Governing elite (GE).
Following the Wolfowitz doctrine of 1992 the desire of the GE vis-a-vis Russia is the containment, encirclement and the eventual balkanisation of the Russian tribe, they have imposed well over 1,000 sanctions on the Russian corporates, banks, individuals for no reason other than the wish to harm a race that has done FA to either America or Europe.
A race that has suffered four centuries of darkness, only few decades of light thanks mostly to Putin because whatever his warts and boils the man has done for the Russians more than any other Russian leader before him.
You, sir, would be a deserving candidate for the mob of the Brown Shirts, full of hatred (temporarily suppressed), probably a low achiever in life, almost certainly someone with a tiny penis. Instead of trolling you may like to consider knitting, it can be quite rewarding.
Baron,
Yes the world is beset by profound uncertainty. And in some quarters, ignorance is an even more profound condition.
“…race that has done FA to either America or Europe”
Unbelievable nonsense. You must have been born yesterday.
“…the man has done for the Russians more than any other Russian leader before him.”
In serving his personal ambitions he has divided and weakened Russia. It will be interesting to see what Prigozhin/Kadyrov have in store for him.
Thanks for the suggestion – knitting could be therapeutic.
Baron,
Given your fixation with the dimensional limitations of a certain bodily appendage, I have decided to knit for you, for winter, a cock sock. Would 300mm be long enough?
Perhaps you should call yourself Baron of Beef… hmm?
“The wise old Chinese said ‘man can predict everything but the future’, yet we all try”
Not the case: some participate in changing the future, whilst others predict and attempt to cover up, emulating duck and cover.
“You, sir, would be a deserving candidate for the mob of the Brown Shirts, full of hatred (temporarily suppressed), probably a low achiever in life, almost certainly someone with a tiny penis. Instead of trolling you may like to consider knitting, it can be quite rewarding.”
As is the case with various commentators, let me thank you for your illustration of “The American Way”.
An Everything is Wonderful™ public service announcement from the European Commission. How long until Ukraine liberates Moscow?
If it’s true ?
It’s worth checking out the 5 year chart at this link, where you’ll see the long term price more or less reflects the Russian contract price, presently we’re about 5 times that sufficient to close every energy dependent production facility in Germany/Europe. Now the electrical shortages in Ukraine are affecting the druzba pipeline signalling a possible shutdown and basic fuel shortages across eastern Europe. It’s actually more difficult to concieve of this level of stupidity than it is of malice.
https://tradingeconomics.com/commodity/eu-natural-gas
“GDP growth reaching 0.3% in 2023”. Pretty good going with energy unaffordable/unavailable.
Really, if you believe the BS coming out of the EU you should go and join the soon-to-be-victorious Ukrainian Army for their march into Moscow.
Not to just jump on the trolling, but I notice HR contribution frequency decreases when missiles hit the grid in Ukraine. Could be wrong.
I cannot wait for Western Europe to get flooded with another 10-20 million Ukrainian refugees. We’ll see how those unemployment numbers hold up.
I’ll make it simple for you. Geen gas, geen toekomst. Begrip mij?
On the bright side Henry could land himself a Lviv hottie. Swastika tattoos included.
yes.we hear nothing in the west of the endless stream of people fleeing the uninhabitable cities of Ukraine.the rule of three applies here.THREE MINUTES WITHOUT AIR,THREE DAYS WITHOUT WATER,THREE WEEKS WITHOUT FOOD.
Indeed, I agree with you. Cannot wait to see NL getting flooded with Ukrainian
Russian haters, as I am becoming more angry when I see the amount of Ukrainian propaganda lies being flooded by the MSM here. That will teach the elites a lesson. As for the gas/electricity it is not only sactions that cause a lot of economical damage. The climate change religion is another cause. No more investments in fosile industries. Propagated by Larry Fink of Blackrock, the major invertment company in the US. Read this article:
http://williamengdahl.com/gr15November2022.php
See… ik begrijp je.
I’ll send photos – of the tatoos.
Rando,
The problem is not a shortage of gas but of regasification capacity.
https://www.reuters.com/business/energy/dozens-lng-laden-ships-queue-off-europes-coasts-unable-unload-2022-10-17/
Slightly dated, but you get the picture.
I think you might actually be a retard.
I get stupid, I give stupid
back.
i wonder what you ll say after US strategic oil reserve ll be empty, until 2-3 weeks ago US was put on market 1 mil brails of oil from their reserve every day then Biden decided to release 2 mil brails of oil per day…..when this ll end what do you think will happening????? in your inteligent and bright mind do you think that this is why the price of oil decrease or not?? this was done in order that Democrats to win some seats in Congres in US midterm elections….but this ll soon end if not US ll not have any oil in his Strategic reserve….i think the situation ll be more dramatic then Larry even think ll be…and your rhetoric question ll be answer with Hige bills and increase cost of living but this si what you deserve for voteing Democrats and Globalist in power
i must ask RECH,HOW AND why you are reading this blog?half of this blog pertains to the mass propaganda campaign in the west and still you argue against reality by quoting the sociopathic eletes to perpetuate a make believe world,the winter is not coming this year so all is well.thelabor market is strong?OMG.
Be sure to print that forecast, Henry, as you can then have something mething to eat or maybe start the wood fire you’ll need to heat your living room in Winter 2023.
Inflation in this case will persist as all that government financial “aid” continues to be used by the common folks to chase a limited stock of foodstuffs and energy. People in the EU are still showing up to work, but it is quickly becoming uneconomical for them to actually work.
The EU is doomed unless they change course.
But there is a silver lining: Ukraine’s attack on Poland provides a golden opportunity to invoke Article Five and send NATO to war against Ukraine, so NATO can join forces with Russia and work to de-Nazify and demilitarise 404 once and for all. Free gas and oil for all in an EU that comes to its senses … huzzah !!!
“Oil and gas prices have dropped by about 30% since the northern summer highs.”
True. However, oil prices in November 2022 are higher compared to prices one year ago. Two years ago, by mid -November 2020, oil prices were still below 45 dollars per barrel (!)…
Source:
https://www.statista.com/statistics/326017/weekly-crude-oil-prices/#:~:text=On%20November%2014%2C%202022%2C%20the,94.42%20for%20the%20OPEC%20basket.
“Good for Europe, bad for Russia.”
Oil producers, including Russia, have been making good money since the dramatic plunges in May 2020 and 2015.
I don’t think you can be right on that, Henry. With the most expensive electricity bills in the world will not help British businesses of any size be competitive. Let alone industry. It is catastrophic.
Rank
Country
Price – pence per kWh
1 United Kingdom 19.31
2 Ireland 18.99
3 Spain18.51
3 Belgium 16.34
etc
British industry was marginally competitive before this fiasco. When was the last time anyone bought a British non-military export anywhere that was not niche, foreign owned and limping along as is?
If things are just so fine and dandy there then one should still thank the continuous flow of energy from the Persian Gulf region. However, once that artery somehow gets blocked then let’s talk about gloomy business.
Of course they have – but Russia has been selling at current high prices to the East, while the extremely high prices for Oil were only ever a short term squeeze – the price for 1 year forward delivery oil was much lower and hasn’t fallen as much. Russia will continue to get more revenue for its oil and gas than 2021 or before.
In the mean time European governments, including my own, have to choose between letting inflation rage or raising interest rates to close to 10%. Neither option is appealing.
I’m not saying it’s not going to be tough, just not catastrophic.
“I’m tinking you are not understanding what the conversation means.”
I think the energy futures spike in August was largely due to insensitive buyers, that is, governments bent pall mall on filling up their gas reservoirs ahead of autumn.
I do not share the cheery economic forecasts … these people all think in terms of the proportion of certain sectors in the economy waxing and waning, but fail to account for the fact that certain materials cannot be substituted and can wipe out whole value chains. It is like concluding from the fact that I only spend a few pence on drinking water that it will not affect me to do without, except that I would be dead in 7 days without drinking water.
Henry, Larry is correct. And BTW quoting nonsense from the EU Commission does not help your argument.
How about you chew on this – UK’s #2 trade partner is Germany. Annual trade is 120 billion pounds sterling. UK exports to Germany are worth 50 billion pounds.
Germany is in economic freefall.
The drop in oil prices bakes in reduced demand and reduced demand for oil is always correlated with economic contraction. And taking the words of western economic ministers at face value is dubious. In the US, for example, inflation somehow doesn’t include food and fuel even though that’s where most people actually feel inflation. The numbers are cooked.
Mr. Henry Rech I am glad you are optimistic about the future of UK and EU. I too wish such a great future for them. However the reality of the matter is very simple. Germany could compete in the world markets because of cheap Russian gas and oil so did the rest of the Europe. So in their immense arrogance they cut off their supplies from Russia. Anybody with a spoonful of common sense would line up alternative sources before cutting their prime supplier. We all know that to survive in this world we need back up plans A, B, c so on. How did the European masters of the universe do in this regard? Not really well.
Now the Arabs, Africans so on so forth are not going to sell them the oil/gas etc, let alone the cheap Russian prices. How do you suppose these masters can power their industries without the basic ingredient? Solar and Wind wouldn’t cut it. Do you know that last year Texas (a big oil producer) had power outs because their wind genereators froze?
It boggles my mind how the supposedly most intelligent race in humanity could be so stupid not to remember what happened last year? And how they think they can overcome laws of physics? Thanks
Henry Rech… sorry, I wish I had your optimism, but as a European, I see only dark days ahead unless the Nordstreams are repaired. Despair abounds, industry will close. No amount of US or Norway NG will recover the EU industrial economy. Not even a Turkstream 2. UK doesn’t have enough NG for itself. EU inflation will to continue to rise, debt from Covid will rise, as with interest rates on that debt. Are you ready for massive mortgage foreclosures across EU and UK. Most are adjustable interest rates, rarely are they fixed. Cry Havoc.. ! 2 years time will be a good time to pick up property on the cheap in EU. EU willingly poodled along with the US directive to commit economic suicide. Notice that the sanctions haven’t affected the US have they…? …and certain materials they need from Russia have been exempted….
Unfortunately Muralidhar, there is much wishful thinking. Europe is going to freeze. They will have great difficulty extracting their gas reserves out of storage because there is no equalizing incoming gas pressure flow. They will be trying to draw out, against a vacuum… very difficult. Boyles Law is a constant.
You are mis-informed. Texas did not have power outage just because the wind generators froze. As an independent State their energy commission never mandated the necessity of insulation of critical pump components within their vast pipeline infrastructure, to save costs and profits. 160 people died from hypothermia. The solar gathering didn’t freeze, electrical transmission is more efficient sub-zero. It’s the gas and oil pipelines at risk. Wind is a growing component in Texas, but useless in a freeze. Mag-Lev bearings would be more efficient, but deep freeze events are more rare than the costs of increased mag-lev build specs.
https://www.handelsblatt.com/unternehmen/gas-und-strom-deutschland-steckt-in-einer-energiepreisfalle-in-schluesselindustrien-werden-betriebe-reihenweise-schliessen/28622880.html
Henry Rech… sorry, I wish I had your optimism, but as a European, I see only dark days ahead unless the Nordstreams are repaired. Despair abounds, industry will close. No amount of US or Norway NG will recover the EU industrial economy. Not even a Turkstream 2. UK doesn’t have enough NG for itself. EU inflation will to continue to rise, debt from Covid will rise, as with interest rates on that debt. Are you ready for massive mortgage foreclosures across EU and UK. Most are adjustable interest rates, rarely are they fixed. Cry Havoc.. ! 2 years time will be a good time to pick up property on the cheap in EU. EU willingly poodled along with the US directive to commit economic suicide. Notice that the sanctions haven’t affected the US have they…? …and certain materials they need from Russia have been exempted….
just listened to the latest duran with the new atlas guy as the guest.
Mr. Mercoulis said that he has visited russian factories and they are set up to be able to mass produce what is required in a short time. they are not set up in the dumbass just in time system the west has set up over the yrs where cities are 3 days away from going hungry. the russians keep plenty of spare parts material etc on hand to ramp up production as required. there was a time when ford motor kept large warehouses full of parts and material for vehicles to keep production going which they do not do know.
https://rumble.com/v1v4xba-ukraine-for-as-long-as-it-takes-wbrian-berletic-from-the-new-atlas.html
—————————-
found the below interesting as well. got this article from this website.
http://www.jimstone.is/1/.th4.html
RUSSIA FIRED A GENUINE NUCLEAR CRUISE MISSILE INTO UKRAINE
It was carrying a mock up of a real nuclear warhead and was recovered by Ukranian forces. if that is not a shot across the bow I don’t know what is, Russia could not have sent a clearer message. Rumor has it that Ukraine shot it down but I suspect it was programmed to gently land where Ukranian forces would see it to make sure the message was delivered.
https://www.technology.org/2022/11/17/cruise-missile-with-a-dummy-nuclear-warhead-lands-in-ukraine-where-is-the-real-warhead/
———————
found this article in this website which is obviously pro-uke. i think they are trying to project the west shortcomings on the russians. an example is sending the old hawk aa system out of mothballs to ukraine which i read about as a kid in the old encyclopedias. This was also discussed in the duran show above
https://www.technology.org/2022/10/18/experts-possibility-of-russians-using-the-museum-grade-scud-missiles-cannot-be-excluded/
as alex of the duran says the short video would be a good clown world which he always puts on at the end of his videos. i will end this post with this clown world vid
The clown world xxxholes we have to live with and deal with every day (a short video)
https://www.bitchute.com/video/DDdyMwfSyaC5/
right click to save
https://www.bitchute.com/embed/DDdyMwfSyaC5/
regards,
ralph
All the above is coming to America next year. Not forgetting more guns than common sense and more ammunition that brain cells. The big cities of the US are going to be absolute hell.
The Russians did it ….and in Europe now we can all assumed that’s correct.
A cornered rat will attack, a big pissed off bear defending its boarders more so. The S300 stupid move is the straw that breaks the Ze Ukies back and balls.
Germany may just shock the world. Dumps the EU and NATO repairs the Nordstream 2 pipe line and joins the future. The Traffic Light Gov dies the same death as woke, rainbow unicorns. Just like Disney and the rest.
I still have faith in the US top combat general’s. What Larry and mates know the Pentagon knows everything else in real time all the time. Add Taiwan and this shit show ain’t winnable.
Sorry, I can’t translate this comment into English without mistakes.
“Ein gefährliches Rudel Hyänen läuft in Europa frei herum”
Ich habe mir den Titel des hier verlinkten Artikels geliehen, weil er so zutreffend ist. Zum Teufel, nach fast drei Jahren fortgesetztem medizinischem Massenmorden, verbrecherischer und primitivster Propaganda seit Jahrzehnten korrupter und gewissenloser Kreaturen in den Mainstreammedien und die Eskalation des Krieges gegen Russland, der jederzeit eine Dynamik entwickeln kann, nicht nur Europa in Schutt und Asche zu verwandeln. Als wenn das noch nicht genug wäre wird jeglicher gesunder Menschenverstand zum Verbrechen erklärt. Es gibt nicht nur Frau und Mann und ähnlich dummer intellektueller Durchfall. Ich gebe zu, das alles laugt mich extrem aus und macht mich sehr müde.
Lest diesen Artikel, der die Entwicklung in Europa sehr gut beschreibt und wie die Dümmsten und Unfähigsten in Entscheidungsfunktionen drohen uns alle umzubringen.
Russland und seine Verbündeten müssen nur weiter mit einem Arm auf dem Rücken weiterkämpfen. Die Dumpfbacken der europäischen US-Kolonien erwürgen sich selbst und wenn sie wahnhaft in Selbstüberschätzung in einem Prozess des wirtschaftlichen Zusammenbruchs die Supermacht Russland militärisch offen angreifen sollten, dann werden sie die volle Macht der kombinierten Kriegsführung des gesamten russischen Militärs erfahren, die wie ein Donnerschlag auf sie niedergeht. Sie und ihre LGBT-Karriereoffiziere sind zu dumm zu erkennen, was Russland da wirklich in der Nazi-Ukraine tut.
Ich bin sicher, einige wenige, aber leider nicht entscheidenten Fachkräfte in den westlichen Geheimdiensten und Militärs erkennen die Falle, die Russland dem Westen stellt.
Nicht das Militär gewinnt einen Krieg, sondern die Wirtschaft. Das Militär ist ohne eine starke Wirtschaft nur Frischfleisch für den Schlachter.
Zum Artikel:
👉 There is a dangerous pack of hyenas on the loose in Europe
https://thesaker.is/there-is-a-dangerous-pack-of-hyenas-on-the-loose-in-europe/
Translated with http://www.DeepL.com/Translator
“A dangerous pack of hyenas is on the loose in Europe”.
I borrowed the title of the article linked here because it is so accurate. Hell, after almost three years of continued medical mass murder, criminal and most primitive propaganda for decades of corrupt and conscienceless creatures in the mainstream media, and the escalation of the war against Russia, which at any moment can develop a momentum to turn not only Europe into rubble. As if that were not enough, all common sense is declared a crime. There is not only woman and man and similar stupid intellectual diarrhea. I admit, all this is extremely draining and makes me very tired.
Read this article which describes very well the development in Europe and how the most stupid and incompetent in decision-making positions threaten to kill us all.
Russia and her allies just have to keep fighting with one arm behind their backs. The dumbasses of the European US colonies are strangling themselves and if they delusionally in hubris in a process of economic collapse should openly attack the superpower Russia militarily, they will experience the full power of the combined warfare of the entire Russian military coming down on them like a thunderclap. They and their LGBT career officers are too stupid to realize what Russia is really doing there in Nazi Ukraine.
I’m sure a few, but sadly undecided, professionals in Western intelligence and military realize the trap Russia is setting for the West.
It is not the military that wins a war, but the economy. The military without a strong economy is just fresh meat for the butcher.
“There are two possibilities — 1) intelligence community analysts failed to warn policymakers about the critical resources Russia controls and Russia’s ability to operate as a largely self-sufficient economy, or 2) policymakers were warned and ignored the intelligence analysis. I am not privy to the intelligence community product on this front, so I cannot tell you if it is #1 or #2.”
There is a third possibility – policymakers and the intelligence community’s plans included not just Russia but Europe in their designs, and the Ukraine plan was to ultimately not necessarily weaken Russia but to isolate her from Europe (and hopefully, the rest of the world), thus preventing the unification of the Eurasian continent, and to effect the deindustrialisation of the European continent which was a growing economic and political competitor to the US. From this perspective, US policymakers and the intelligence community have thus far shown limited success.
Well said Victor; and what’s more the Germans are waking up to the fact that their ‘deindustrialisation’ may be deliberate US policy. If that and energy needs forces Germany to have a pact with Russia then it is the end of NATO, the EU, the ECB, the Euro and ANY practical support for Ukraine. Talk about unintended consequences….
The US will bribe the best of German industry to migrate as it needs to retool home manufacturing as it reclaims that which fetched up in China. “Re-shoring”. The German people will not like that.
Anyone notice that a tanker off Oman was attacked two days ago. More of this and world wide maritime trade goes nuts. That really will be inflationary.
“There is a third possibility – policymakers and the intelligence community’s plans included not just Russia but Europe in their designs”
I cannot really understand why people cannot see that this was the 1st and only possibility!
Which more proofs do you need? Do you think that nord streamd 2 was damaged by the russians???
Germany, no matter how powerful compared with the rest of the european countries is .. well, it happens it is the country in the world (in Europe, for sure), with the highest number of USA soldiers (people say NATO. Ha).
It is still an occupied country. In Germany, only the nazis dare to say this. So nobody else, in order to not be accused of being nazi, is brave enough to say it.
(I’m whether german nor nazi. I just spent there some years).
The elites in Europe work for the elites in USA. Brainwashed by hollywood bs for decades, vote for these elites in Europe …
Our only hope is that Russia is not so merciless in the future as we are with them.
Hmm. Yes and no about economic decline. What are the hard points?
– Economic catastrophes come slowly. The inflation of 1923 in Germany took more than a year and was a consequence of the world war 1. So, even though the economic data may show many minuses, it will take months to have widespread unemployment.
– unemployment is hidden today in contrast to the 1920. Today, in Germany, there is an official 2 million unemployed. But those who have no job, but get money for state organised trainings also go into the million. The state simply gives away money to everyone, just to avoid people going to street. This will push the inflation again. But see before, it is a long road.
– The economy in Asia will not go down.
– Social unrest will not mean a revolution. Look at the US midterms. No real change, even though many people are extremely in rage.
What does it mean? The big question for Russia is: Does time work for them, or against them? Just waiting, doing nothing in the military field in Ukraine because in a few months the west will give up? I think this is wrong. Even with 10 million unemployed and no money, the west will push for weapon production. A Russian victory will tell the Europeans that relying on the US is an illusion, but it will not stop the NATO to deploy more and more missiles close to Russia.
To stop this, China has to start sinking US ships successfully. Then the US will collapse. Not earlier. Despite of a ruined economy!
“… the west will push for weapon production …”
The West has always produced weapons -to sell to both to Western and non-Western countries. For profit. And with huge margins.
How could the producers in Europe, UK, Germany, France, Italy, Spain and Switzerland -and Sweden should not be forgotten- keep the factories running despite increasing energy costs?
Indeed, but the problem is killing people is a social need. Is it any wonder that the weapons produced by the for profit MIC don’t work as well as the Russian counterparts, despite costing at least twice as much?
According to Youtube – TIKHistory,
the origin of hyperinflation in Germany began before WW1 see the following playlist
https://www.youtube.com/playlist?list=PLNSNgGzaledhkgsclvhZ–Dx7Gnqehw4J
War is the most violent manifestation of zero-sum politics, but the special military operation in the Ukraine does not fit solely within that framework. Instead, the operation is the most visible of several catalysts of a massive global recalibration toward a multipolar and more just world order. Yes, the Russian Federation is fighting for its civilizational existence, but it is acting with a deliberate deftness that is paradoxically meant to assure the survival of the enemy states arrayed against it. The RF is not fighting for territory, resources, or dominion, but for an equitable political arrangement in which the voices of all peoples of the world are heard, acknowledged, and respected. This includes the oppressed voices of the peoples of the West. As an example – for the Americans reading this – do you ever wonder why the US Congress seems to follow a political path antithetical to the interests of the common people? You are oppressed.
The struggle is titanic in scale and everyone outside of the billionaire class will come to benefit from this rearrangement. That is why I agree with Larry that epochal changes are afoot in the world.
Agreed. This is a world war of the Empire, its allies and subordinates against the Big Change. Ukraine is one battlefield. The economic battlefield is probably the most important.
Prof. Alexander Buzgalin, from the Moscow State University, on the history of Russia, Ukraine and the economic implications of this war.
https://www.historicly.net/p/russia-and-beyond-with-alexander?utm_source=podcast-email%2Csubstack&publication_id=8079&post_id=81509465&utm_medium=email#details
I am French living in France and I can confirm that maybe three or four percent of the population have a more or less balanced view of the situation in Ukraine. To approach the subject is the guarantee to get angry definitively with your friends and your family, the propaganda here reaches an incredible level of stupidity but almost nobody notices it…
I’m French too and I’ve noticed the Russophobia for years now. In your opinion is it based in french history, or is it the result of U S propaganda? I read Le Canard enchaîné and can’t help but notice that they push the Atlantist line systematically. Is that evidence of the control of information in France by the YS?
Due to French government censorship, it is impossible to see your video on Rumble. Here is the message that is displayed: NOTICE TO USERS IN FRANCE
Because of French government demands to remove creators from our platform, Rumble is currently unavailable in France. We are challenging these government demands and hope to restore access soon.
The West and EU NATO members are stuck between a rock and a hard place. They pushed Zelenskyy into this believing that a) the Russian economy would crash, b) Putin would be ousted form his position. Neither of which happened. If they stop funding Ukraine and/or offering support (the biggest and most effective weapon being the media propaganda and lies), they risk the very possibility of Zelenskyy becoming very angry / disillusioned / bitter (and this includes the Azov fighters, not to mention the Ukrainian citizens in the EU, UK and USA). Zelenskyy knows too much — the result, massive TRUTH bombs coming out if they don’t play ball. As the saying goes, they created the monster — now they’re stuck having to feed and control the monster. Personally, I think Zelenskyy is a dead man walking. He is the linchpin to economic recovery and he’s not willing to negotitate.
All of this is a simple consequence of ……sorry but I have to put it in the most honest of terms by definition: Western skullduggery.
You can slice and dice the facts any way you like, but they undeniably remain the FACTS.
Poroshenko, not once but multiple times, has proudly declared that Minsk II was a pure hoax, that his intent in signing it was never to implement it but solely to buy enough time to strengthen his army with NATO’s help and regain total control of the Donbass by force, not by Minsk II terms, then move on to Crimea. Minsk II was signed by Germany, France and Ukraine and subsequently enshrined unanimously by the UNSC in Res 2202, so they are all willing parties to the deception.
Then, in February….the OSCE reported a major escalation in Ukrainian shelling of the Donbass, interpreted (and rightly so) by the RF as preparation for an all out assault and prompting the SMO.
Who then operated in extreme bad faith and outright SKULLDUGGERY from the very beginning and who then, is to blame? Who then can deny these FACTS without furthering the skullduggery?
The answer is beyond the obvious. May they all reap what they’ve sown, in bumper crop form.
As a westerner, I refuse to whitewash, deny or participate in this act of outright SKULDUGGERY, no matter the source. Nor would a majority of the western public were the facts universally known. We can thank Govt/MSM spin for that to not be the case. God, how low we’ve fallen. I don’t believe it will ever wash off.
Right, just wait till the oil goes up to $120 per barrel in about 2-3 weeks, plus the dollar long trend dow (right now) and finally the stock market big sell and its the perfect combination for the incoming storm.
The mainstream media will be talking about oil when it reaches $120-140 per barrel.
Why the dollar down? Obviously the big players are dumping it to trade oil in their own currencies. In my country it went down 4.5% in about 2 weeks (very high for a currency).
Regarding the first paragraph of your article, the assessment was most likely written by Rand or some other DC think tank.
The two month gvmt in Britain put forward a tax reduction as their first move. This would, and would have got the economy going.
Banks, msm, corporations, deep state and all the other actors said no.
We cannot have tax reductions, we must have more money, . . . therefore tax must go up. All together now ‘Moar Taxes’.
Very second best losing oligark candidate two months earlier, shoe horned into prime minister position. Indian parents, brought up initially in Suid Africk, indian oligark wife naturally, moved to Britain and ‘given the job’.
So along with europe, they all look forward to a black economy, high unemploymt, and all that that entails. [redecorate the house? 1,000 dollars with invoice, 600 dollars for cash. Tax nowhere].
Must have been the same advisors who thought they could topple Russia, eh?
Latest buzz word over there is compressed = devalued.
-‘OBR also warned that over the next two years, household disposable income will be *compressed* by 7pc . . . ‘.
Sunak was not bought up in Africa. His parents are East African Asians from Kenya (father) and Tanzania. He was born in England. I don’t know if he has even been back to East Africa. He is definitely not from South Africa.
East African Asians are incidentally one of the most successful groups in the world. All senior Asians in UK gov, Patel, Braverman, are East African. They consider themselves distinct from other ethnic Asians. Sunak has ties with the largely HNW East African Asian community in the UK and has attended their events. He has actually invested more money in deals with Kenya than Ukraine I think since office.
But yes, Sunak is a product of elite British education and finance, he will do what he thinks is best for those two sectors as that’s all he knows. Like Obama. His ethnicity counts little but he still has to prove himself more. Therefore looking soft on Ukraine-Russia is not an option regardless of what he thinks given a possible Boris come back.
He seems a slightly egoistic pragmatist and realist however and I expect if he could he would end the war and focus in business at home he would. But British forces have died, been involved in potential war crimes (NS) and are tye bodyguards to Zelensky. So he cannot move much right now. UK has been the main belligerent.
Here in Spain people is 99% convinced that ukraine is the only victim on this war. Even worst they are sure the west is winning and economic problems will be fix once russia be inevitably defeated
As an American, I know how bad the propaganda and brainless, Green Shirt sniffing masses are in this regard. So when I read that it’s actually worse in France and Spain, I’m stunned. Where are the old Left and the New Right? In hiding?
The old left give up and the new right finally surrendered because if they don’t follow the trend they lose people and when finally follow the trend they lost relevance. So the problem imho is the core of the nation, there is too much corruption, the only way to scape this is start a community of people not based in politics but in values. I’m here to collaborate on this so cheers and thanks to exist 🙂
When things go bad on this level, it’s always conspiracy or fuck up. You are too kind to believe that this is just a mistake. I have always used the cui bono model to help me decide which. There is certainly lots of money to be made here. When all of this is done, there will be folks with huge money coming in and buying up the valuable parts of Europe. This is Russia after the fall of the Soviet Union part two. Just like the fall of the Soviet Union, millions of people will suffer.
I have enjoyed all your interviews, and gained a lot of new information watching them. Good post here, I don’t believe anything ever coming from CNN. Let’s all be realistic, the USA has weapons stashed all over the globe, @867 bases, along with all the black op sites & all sorts of foreign “aide” , any notion US wii “run out of weapons” is even crazier than thinking Russia will run out of weapons. They may need to repatriate, or switch to different weapons for awhile, but the globe is plastered with US weapons and they’ll take whatever they want from whatever Nation or resource they want. Just saying, spreading an idea that US is “running out of ammo/weapons”, just as was being spread about Russia, is simply ludicrous. They US can keep going on what they have spread about for decades.
Just returned from a cruise in the Med where I was in UK, Gibraltar, Spain, Italy, Greece, Turkey, Israel, Palestine and Cyprus. Lights on everywhere and lots and lots of traffic. Weather was unseasonably warm but still… Mystifying
IMAGINE Hiroshima and Nagasaki one minute before critical mass.inspite of the war life was still good.
“RUSSIA IS WINNING THE ECONOMIC WAR”
“the current war in Ukraine”
“ There are two possibilities — 1) intelligence community analysts failed to warn policymakers about the critical resources Russia controls and Russia’s ability to operate as a largely self-sufficient economy, or 2) policymakers were warned and ignored the intelligence analysis. I am not privy to the intelligence community product on this front, so I cannot tell you if it is #1 or #2. “
Segmentation is a form of obfuscation, framing enhances obfuscation, and interpretation is a catalyst of acceleration of obfuscation, all in interaction facilitating:
“So I cannot tell you if it is number 1 or number 2.”
Thank you for your illustration of the here we go ’round the mulberry bush dance facilitated by madness in the method.
“…remain in charge of the international economic order is now in question….”
This presupposes that the US was in charge rather than the City of London and the masters of the World Economic Forum, the later being quite supportive of the sanctions (economic warfare) that are rather successfully destroying the EU middle class. This will increase the power of the ‘socialist’ governments and concentrate wealth even better than Covid lockdowns did. (BTW how many Ukrainian hospitals are overrun with covid victims and have they vaxxed and boosted their whole army? just curious)
Meanwhile in the non-EU/non-Western world:
Pakistan to follow India’s example and buy Russian oil.
https://www.jpost.com/middle-east/article-720403
“This presupposes that the US ”
This presupposes that “The United States of America” is a nation state limited by boundaries and not worldwide networks of coercive social relationships where “co-operation” is affected by coercion.
Hence the purposes of some are to transcend these worldwide networks of coercive social relationships through co-operative relationships based upon mutual agreements and benefits, which is a prime reason for the reflex actions of those seeking to maintain worldwide networks of coercive social relations where “co-operation” is affected by coercion, whose reflex action include, but are not limited to, reducing bread and increasing circuses, in conjunction increasing evangelisms of ” “The United States of America” is a nation state”…and we are all in this together because others hate our freedom, because they are mad evil doers, whilst we do ocassionally make mistakes, but we always mean well.
Kudos not only to Mr. Johnson, but also the commentators. I find the comments section enlightens me equally. Very smart bunch of people on here. Troll bot from Virginia here or there excepted. Now my small contribution. Yes, the European economy dies. And yes, German industry will move here or somewhere. And on the face of it, that is good news for the US. But an example. We have enjoyed damn near “free” natural gas in the US for decades. Now that Europe will not receive Russian gas? Ours is going there. And our prices go up due to marginal supply/demand. The Federal Reserve is not saying it, but inflation is here to stay. The 2% target will morph into a 4% target. And the government debt, and the publics savings, will be inflated away. The consequences of this US induced war will be painful to the US, and deadly to the EU. People get the government they deserve.
People get the government they tolerate.
À la lanterne !
I wouldn’t agree with the everyone deserving what is coming, only the willfully ignorant and those unscathed who profit from war’s death and suffering. Could be a majority, though.
Larry, this article meshes nicely with your more recent interview and addresses the question why is Russia selling anything to the enemy – Germany/Europe? You argue that Germany is likely to flip – I concur – which presumably would mean kicking NATO out of Germany. That would almost certainly lead to a ripple destruction of Germany, and the reason is that Russia is winning the economic war – the US came out of WW2 stronger, and Russia is rapidly developing internal replacement industries as needed, and economic connections to the more dynamic and rapidly growing east.
The question is: How far will the US go to prevent? Assassination? Terror bombings? certainly. Germany could apply for CSTO protection. It promises to be (Chinese curse) interesting times.
The reason for Russia’s prosperity and the Western Banking system’s hostility towards it, can be contained in one word, Usury.
Russia has opted out of this demonic system and is taking the Brics with her. To be fair, Cadaffi of Lybia, refused to put his country under Central banking rule and his peole became prosperous. So the IMF sent the devil’s apprentice Bliar to deceive Cadaffi. What did Sudan, Somalia, Lybia, Iraq, Syria and Iran have in common? They all refused to submitt to Central Banking.
In the 1950s, the Governor of the Bank of England (I apologize for not recalling the specifics and I am paraphrasing) said “if you were to claw back every penny from the central banks, then allowed them to control your deposits as before⁹, they will own it all again.”
In Dante’s Inferno, there are two types of people in the lowest tier of hell. One of them are the Userers. The reason is because they are barren, they produce nothing towards the stuardship of this Earth. Doctors cure, Farmers feed, Builders shelter and Bankers through fractional lending enslave the human soul.
The only way for prosperity to flood the Earth is to outlaw Usury and relegate it to the inhumane medieval exploitation of mankind.
Let all goverments finance, at no interest, useful projects, encourage entrepreneurs to manufacture success and keep speculation and usury out.
Russia and China are on the road to implementing all this, When I look at the big picture, I root for Russia, because if it wasn’t for Russia resisting the enslavement of mankind by the likes of the WEF and mini me lucifer Karl schwab, we would all be eating worms and living under the tyranny of digital currency, which they are testing as we speak.
The road to prosperity and tranquility is only through abolishing Central Banking. Russia is doing it. Go Russia.
I concur with your sentiment! As for Blair being the ‘devil’s apprentice’, beautifully put.
I’m in Paris right now , and I can relate what your friend says. It’s very hard not to be misinformed about the situation in Ukraine.
Just to give an example : The rumble video in this article is not accessible in France without a good VPN or other means (I do prefer other means). So much for press freedom and freedom of speech, those are legal obligations in France but everyone knows it’s a convenient sex-hider for the lügenpresse and corporate censorship.
Fortunately , France is also a country with a tradition of not agreeing with what the establishment says by principle and there is still round 10% of the irreducible Gauls that question everything the Macronistan tries to feed our brains with. That might not look like much , but it’s far enough to emerge non-convenient questions in the public opinion.
The economic crisis facing the world has been building for a long time. It, like all economic crises, is caused by too much debt. Debt deflation is the normal outcome (aka depression). Inflation is the central banks method for reducing debt by devaluing the currency and reducing the debt load. Sure the whole covid debacle destroyed supply chains and caused shortages and price hikes. But this just made what’s coming worse. The same goes for all the stupid neocon wars and sanctions. And what is the main concern of the political class? LGBT issues, diversity inclusion and equity (DIE), and the global warming. All silly issues invented to distract and confuse your average rube. It’s as if the West has gone insane.
Agreed, but let’s also not forget that the Ukraine crisis is a wet-dream come true for the WEF and their great reset agenda. There has to be destruction before they can implement their digital entrapment plans and pave the way for the greedy globalists to gobble up all the European distressed assets at rock-bottom prices? So that we will own nothing (of value) and be happy.
And reset $330T of global debt – the current system crashes, a new digital currency system is introduced – off to the races.
The ‘intelligence failure’ is a consequence of no one along the chain – intel desks, intel chiefs, admin officials, agency officials, military hierarchy – ever having a serious job in the real world of commerce.
Farmers could have warned about the dangers of sanctions, oil traders could have warned, retailers could have warned, and even some real-world-aware economists and academians could have warned.
Maybe, if any did, the warmonger neocons would have silenced their voices. But at least the warning would have been recorded.
Cutting itself off from the cheap Russian fossil fuels (and seriously pursuing the net zero carbon with solar and wind) together with severing the sourcing of the every day stuff from the cheap labour in China (moving the production lines back) will lead to the West’s soon resembling the communist East, uncompetitive, stagnating and eventually imploding just as the communist East did in 1990, madness, utter madness.
I agree. But it’s not over yet! China will not let Europe fall!
I don’t get it. NATO could call art 5 against Ukraine for attacking Poland with rockets, and invade it from west – then split it half half with Russia. win-win situation – NATO will push their east boarder for another 1000km east, Russia the same towards the west. And finish everything before Christmas.
The myth that the rich will come to the rescue of the people if elected to govern is nothing more than another expression of the prosperity gospel or neocalvinism.
The idea that the rich are wealthy because they are divinely blessed with money and, therefore, are naturally inclined to lead the people to justice, peace and prosperity is immensely foolish. This ideology does not deserve the time needed to refute it. However, it is prevalent in the unexamined minds of the Western world’s electorate.
This is what happens when, especially in my country (Britain) and the US, you literally hand over your whole nation/economy to the vile crooked grifters that make up the The City and Wall St. President Putin alluded to this a while ago he when said something about not being able to feed your people and power their homes with paper (or electronic) ‘wealth’. In reality, both nation’s economies were hollowed out by finance degenerates at the top end of society long time ago. It just speaks to the absolute arrogance and hubris of our rulers in that they thought they could get away with it forever. This is what happens when you think you know it all. China never ‘stole’ our jobs, they were handed to them by the same gang. Russia has never been a threat, it was attacked as it had the ‘audacity’ to decide that Russia would be ran by the Russian government for the benefit of the Russian people (and not the international banks).
Despite continuing to think that Biden’s dementia is the best metaphor for the West’s decadence. Right after a fiat currency like the dollar as the world’s major monetary reference.
I think the economic sanctions against Russia were just a drop in the ocean of the biggest fossil energy crisis ever. And the worst, completely planned.
How Blackrock’s Larry Fink Created the Global Energy Crisis:
http://www.williamengdahl.com/gr15November2022.php
All that’s missing is the movie “Gone with the Alzheimer’s!” Starring by Clark Brandon and Ursula Leigh!
If US and NATO are running out of weapons to donate to the Ukraine, they can buy a third of those weapons back from the Ukraine black market where they ended up, and then re-donate that those weapons back to Ukraine (black market).
I confirm. I am a French citizen, and in my country, all the press, written or spoken, is at the orders of the government and only broadcasts the authorised word of the government. The private 24-hour news channels are particularly lamentable in this respect: no critical thinking and fake military experts talking nonsense. It’s so stupid and misleading that it’s a crying shame. General de Gaulle must be falling back into his grave.
Traditionally speaking the USA is always about six months to a year behind European trends and fashions. Buckle up ladies and gentlemen this ride is about to get real.
I dunno about that….
Maybe the case for high end fashion and ‘artsy films’ but everything else – we take our lead frome the USA. American popular culture dominates the UK.
American soft power – via common culture is uber alles.
Fighting the on the modern battlefield is not the same as WW2. You pretty much have to fight with what you have. In WW2 thousands of tanks , arrillery, and aircraft could be stamped out each month, but Modern weapons are too complex and expensive to produce in high numbers; not to mention training crews on the systems can take months for basic skills. Then Ukraine needs to finally realize their options are dwindling.
What is the Economic War?
Is it the attempted control of energy?
Is it the attempted control of the world by the WEF and cronies?
Is it the attempted control of present and future debt slaves by IMF/world bank?
Is it to keep up demand for $USD to continue propping it up?
Why are foreign banks selling T-notes at the highest rate ever?
Why is it difficult to sell T-notes today?
Why is the US continuing to pile on National debt while foreign banks and countries are selling T-notes and it’s difficult to sell new notes?
Is this an intended US suicide?
Inflation benefits the US Treasury but hurts the purchasers of T-notes (like The Fed). The Fed raising interest rates would typically provide an incentive for .gov to not add debt (as in1980). It looks like this incentive no longer works with the criminals currently in power, and the lying media scum (LMS) would never report this. The people are just plain too dumb to figure it out anyway. The Fed has enabled nefarious conduct by Treasury and Congresscritters for over a century. It’s ironic that The Fed may prove to be the nearterm temporary backstop to complete .gov debt default.
Bottom line, the Economic War is not just US/NATO versus Russia. That’s a small piece of the bigger World Economic War. And I didn’t even mention China!
Peoples, best response to oppositional characters (aka trolls) is to not respond. Common theme of the more reasonable troll is a gullibility for propaganda and highly selective use of information. Yes, every site like Larry’s draw these characters to them like flypaper. Just leave them be.
Not sure where things stand here in Croatia. I am on a USD denominated pension and therefore I am not as affected by the currency-devauation aka inflation as the locals (though the dollar has slide quite precipitously in the last 2 weeks v. EUR and HRK). Food is plentiful, auto gas not any more expensive than usual. But there is a dark mood among the people, and a growing anger at the government and “the powerful” for a sense of impending doom. Maybe it’s just winter, but there’s a feeling of hopelessness that I have never seen, not even during the war. Today is a somber national holiday, the anniversary of the fall of Vukovar to Četnik forces. In those days, the people were like the commentor spoke of Tuzla – sharing a common hardship for what was seen as an honorable and righteous cause. I don’t think this current situation is seen in any favorable or righteous light.
One could surmise we are in the hands of misguided amateurs. That’s wrong.
One could surmise we are in the hands of well meaning but poorly educated dilettantes. That’s wrong.
The problem is we are in the hands of deadly enemies of humanity that seek the destruction of human civilization.
Everything they do is always evil.
If it is good for humans they hate it.
If it bad for humans they love it.
They are not the degenerates they pretend to be and are forcing us to tolerate.
Their forcing us to tolerate their pretend degeneracy is a way to weaken us, demoralize us, to train us and destroy our will to resist their aim of enslaving us.
The destruction of the economy, the comfort, the safety, the well being and the very humanity of both Venezuerica, the rotting remains of the late Constitutional Republic the United States of America (July 4th, 1776 – November 3rd, 2020) and eurabia are means to and end, tools, weapons of war.
They expect to rule over the ashes of Venezuerica and eurabia like feudal lords.
The dogma of the religion of leftoxenomorphism says “make humans kneel low to the ground, bow to you, in confusion and despair and tell them what to worship, social-justice and you”
Since “social-justice” is bullsh!t and means nothing but collectivist cannibalism and communism and gleichschaltung and kadavergehorsamkeit and human destruction and enslavement that only leaves collectivism and them.
They lust to be worshiped.
They lust to be obeyed.
They lust for humans to crawl in their presence.
They want all the attention of humanity.
They want humanity to do their bidding and only their bidding and without any delay.
They seethe at any resistance or defiance. That is the why of the Trump Derangement Syndrome. How dare we disagree with their exalted dictates?
They are simply tyrant wannabees in search of their kingdom.
They are the unhygienic poisonous maggots out of the medieval Dark Ages that have strangely come back for their raw power of brute force to rule by the grace of social-justice.
They want to be crowned “superiors”
They want to be recognized as the ubermenschen of our times.
They are the superior “knowledge” and “science” and “sensibility” and what have you that make them so much better than the rest of us that they ought to be our kings with no discussion.
Theirs is a mystical calling to a greatness they declare and expect to become the true gospel for humanity.
They are pure evil. They are our enemies.
And they are triumphing without end because we let them. As simple as that.
They are fabricating crisis and shortages and failures and scam-demics and a plethora of lefto-puke hobgoblins that are nothing but PSYOPS and the sabotaging of human civilization in order for us to give up and worship them and obey them without questioning.
They want human civilization to collapse.
They want us to give up our brains and our humanity.
They want our stockpiles depleted.
They want us to give up hydrocarbons as if we could without the collapse of our entire civilization that is exactly their objective.
They push all their evil greenness that is totally unviable and useless.
It’s all on purpose.
This is a war. They are winning. We are losing.
The “you will eat bugs” shows their evil brazenness. There’s zero reason to abandon our current ways. At all. None of them.
The poison vaxx NottaVaccine genetic bioweapons have been on the planning stage since, at least, 2017 and probably earlier than that.
The whole Branch Covidian cult of the covidiocy scam-demic was fabricated. It was a weapon. And we gobbled it.
There was never a threat of any conceivable kind.
They have our number and we dance like trained monkeys.
Even today with all the information out there for new Nuremberg trials they keep pushing for the vaxx. These maggots are way worse than the nazis.
There can be no doubt the vaxx are bioweapons. And they keep pushing them with a brazenness that can only be deemed pure evil, pure anti-human hostility but also the amazing knowledge of their enemy: us.
And we are letting them.
Ukraine is like a stun-grenade thrown into human civilization so that we’ll grind ourselves to dust for nothing, spasming in pain, confused, incapable of seeing the real enemy: leftoxenomorphs. Like throwing sand inside a complex mechanical machine so it self-destroys they are calling our foibles and weaponizing our virtues so we self-destroy and then they can own us.
“At some point, reality will compel authorities to dispense with the propaganda and try to figure out how to placate angry workers amid a contracting economy.”
At some point, reality will change your mind. The worse we get, the happier they’ll be and the more will they press on us to finally see us literally bow low to the ground to them.
America is gone.
The consent of the governed is gone.
Elections are gone.
And we do nothing.
2024 is just a fantasy.
It’s over.
The ballot box is now a joke.
What “reality”? Leftoxenomorphs know reality better than most humans. Their reality is the humans they want as cattle / slaves / peasants / ants and we are letting them take us.
You think anything can compel evil? What happened at the end of WW2? The nazis had to be pushed by force of arms to the very bitter end and many of them still wanted to go on fighting. Children of 12 or so, pure nazis, pure evil. Their descendants today are seething with rage at their defeat and want to start it all over. nazism is not over. It is dormant.
The leftoxenomorphs are a worse evil than the nazis. The nazis are teachers to them but they have become better than their teachers.
Did the nazis destroy America? The leftoxenomorphs did. And now they own its remains, Venezuerica. And they are playing Venezuericans like so many violins. And you know what they say to one another? “These pussies won’t do sh!t!! . . . We can rape their children and they’ll do diddlysquat!! . . . We OWN them!!” And they do, don’t they?
This can only be solved kinetically.
And with a ruthlessness to be remembered in awe 10,000 years from now.
A first class lament, FTE, and so true it pains to read it.
My grandad used to say, ” two wrongs don’t make a right, but three rights do make a left.”
“but also a self-inflicted wound by the previous prime minister and her top economist, whose plan to slash taxes sent shockwaves through financial markets. ”
He couldn’t really say, it was the Prime ministers policy of printing sterling like confetti and handing it out left right and center, or the massive fraud associated with the furlow payments that resulted in some instances of the British government making payments to drug dealers and other criminals. Because, the Prime minister used to be the Chancellor who shut down British economy and printed paper tokens like a mad man.
If Truss’ policies were reckless, then Sunaks’ were worse.
That the post is illustrated with a quote about the world’s 5th largest economy being the UK is pretty much the point. Of course that’s measured in GDP which is a gamed statistic to make parasitism look like productive economic activity. What does the UK produce to achieve this ranking? Mostly financial instruments, insurance, etc. The US isn’t that much different.
It’s about moving money, not productive economic activity. And the problem is when the money stops moving fast enough to keep everything “growing”, shit falls apart.
Hahaha. “As long as it takes…”
It has been fascinating to watch Europe burn down its economy because they are puppets of the Neocon West. They have Zero Agency except for a feisty Hungary. Because no sane Political Leaders would have supported these insane sanctions that Sanction their Economy much worse than Russia’s economy. Russian Oil & Gas is a fungible commodity and will flow into the World’s Economy regardless of what the fools do in the West.
Notice he said his company is already operating at Cost. Meaning just to get sales they are selling the goods at Cost to survive. This was after firing 80% of his workforce at his company named Standard. And his electricity costs already high last year at 2% COGS is now 8% COGS. Put a stake in it. They are on life support.
And there have been massive layoffs throughout Europe but in particular Germany. And a Press Blackout. Shows you the Neocon Shadow Government doesn’t give a shit about them and their hatred for Russia appears Eternal and Infernal.
Russia needs to keep destroying Ukraine’s Electric Grid. Let then time travel back to the 1800s. And good luck competing in the 21st Century.
Let the newly mobilized Russian army of 300,000 fully show up in the next month and keep destroying the idiotic Nazis who are bound and determined to prove to all the fools who support them that a country of maybe 20 – 28 million now due to refugee flight can beat a Nuclear Power country of 150,000,000. God Damn Delusional.
They have Zero ability to interdict cruise missiles as far as I can tell. Russian pranksters Vovan and Lexus tricked the fat-ass Petro Poroshenko to admit this recently. He also admitted to Russia having a huge advantage in artillery and air dominance.
If Russia’s army was properly trained this war would be over by January. I see it lasting until the Spring or Summer of next year. Ukraine will not win a War of Attrition and if I am a Betting man I believe they have significantly more KIA and Wounded than Russia currently.
Eventually, it will start cracking then it is game over. I hesitate to speculate on when a war will end because history proves this topic makes fools of men. But just like the South was never going to defeat the North due to manpower, technology, and logistics disadvantages. Ukraine’s Army is Dead Men Walking. Especially, the ones murdering the Russian POWs. They will be hunted until the end of time.
Of course, as a cynic, I wouldn’t be at all surprised that this eventually escalates to WWIII and the resulting Global Thermonuclear war will be the end of our time.
k. taalat: “if it wasn’t for Russia resisting the enslavement of mankind by the likes of the WEF and mini me lucifer Karl schwab, we would all be eating worms and living under the tyranny of digital currency”
Sorry, my friend. Putin doesn’t fight for mankind. Putin fights for Russia. Multipolarity means that Putin promises that he will not interfere when your country throws people off a balcony for being gay, or put those who protest against fraudulent elections in jail.
Multipolarity means that you’re alone with your tyrant. Russia is, by the very definition of multipolarity, not going to help you.
So people around the world better take up their proverbial pitchforks and fight their masters.
You’re right of course, but the operative clause is “your (local) tyrant”. That’s a qualitative leap away from “transnational tyrant”.
Should Putin (and Xi) succeed in pulling the rug out from under the Globalists, they’ll free mankind to free themselves. To the extent a local tyrant depends on international support for continuation of his rule is the extent to which he will be weakened and become vulnerable. Some peoples will rebel, some won’t but it will indeed be up to them to decide.
The reality is that tyranny can be quite tolerable to a great many people. One man’s tyranny is another man’s peace and security. I don’t see any sign of indigenous rebellion in Singapore or China. I may be wrong, but I don’t recall seeing any in Libya either.
Imagine how much weaker the mini-tyrannies now prevalent across Europe would be without Brussels, the WEF, et al riding herd on them. Imagine how much weaker the American Uni-Party’s tyranny would be without all the international groups directing, driving and to a large extent financing its activities.
As for “Russia is… not going to help you.”, I remind that Russia helped the American people twice during much more multipolar-ish times. Should civil war or a more civil divorce come to America and the “Patriot” side asked Russia for help, I’d wager they’d get it, and not just from Russia.
As much as I would like to jump on this “bandwagon” of most of the commenters, I would like to point out the real anomaly of this experience: Isn’t this the first time in our “modern” history where Russia is winning an economic war?
Cheers, JaKo
That “Russia is winning the economic war” boils down to one simple principle: Wealth creation trumps wealth management.
Wealth is things. Producers create wealth in one of 3 ways: they can dig it, they can grow it, or they can add real value to the first two by adding labour. That’s it. There’s no 4th way.
The West’s ability to create wealth has been reduced almost entirely to growing stuff. The other two have long ago been abandoned in favour of the ability to skim off the wealth created by diggers and makers by controlling the markets and currencies through which they they have to sell, enforced by threat of physical destruction should a Producer get any clever ideas.
The gig is up. A large Producer has gained the military power to stare down their threat, and a second, even larger Producer with almost equal military power has his back. They can’t enforce the chicanery. With that, it’s suddenly the Producers’ turn.
That’s why the West’s elites are soiling their shorts and why the 85% are watching Ukraine with bated breath. They’re Producers, and if Russia prevails their time will have come ’round at last.
“Wealth is things. Producers create wealth in one of 3 ways: they can dig it, they can grow it, or they can add real value to the first two by adding labour. That’s it. There’s no 4th way”.
Simple ain’t it? We’ve gotten so far from Reality we don’t realize what “WEALTH” is.
Technology. Invent it.
One must keep in mind that Empires rarely fail through military action but as a result of economics. The notion of Empire is always fascist. The Few have a monopoly on the instruments of power and use that power to exploit the many — in both their own society but especially abroad. It’s a pyramid system and each level is encouraged to exploit the level below. Egyptian pyramids lasted because each level was solid. Economic and social pyramids are inherently unstable When the base is weakened – the foundational levels — and there is nothing more to take, the pyramid is weakened.
https://open.substack.com/pub/julianmacfarlane/p/putins-winnin-weakness? #newsforensics #julianmacfarlane #russia #ukraine
Not an intelligence failure
A consequence of American Economics
See Michael Hudson as to why this is
Sorry but this whole deal has World Economic Forum/George Soros written all over it. How? Well did they know what would happen if the West followed their suggestion to “sanction” Russia? Were the Western virtue signaling governmental elites fooled? It’s one thing to use poor Ukraine as a proxy for the West to attack and destroy Russia. It is another thing entirely to use the West’s highest level leaders to destroy their own countries. Who are the fools? God they have some smart people at the W.E.F.!
At the present time Europe is in better shape than during the 2008 financial crisis. Things are not that bad, banks are stable, supermarket shelves are better stocked than covid times and there is still a residual covid recovery happening alongside the current downturn. Prices are up but most consumers are just switching to less luxury and more basics. It’s not WW2 style rationing or queuing for a loaf.
It’s a great time for the west to launder debts and liabilities and blame Russia. The ordinary person will do the same.
I don’t see a European collapse, alot of economic pain in some countries yes but not enough on the horizon to start protests and mass movements etc. Yes businesses will close but not at the rate of covid closures. In Africa and South America ditto. Covid was more of a hit.
Growth is projected to return in 2024. War may be over then. Alot of necessary reforms made and blamed on Russia.
The key is that the West not Russia has the power to end this war. They can throw in the towel anytime if they want to. Until they lose that power this is a managed crises and they have the key.
As for Germany, they will quietly restart nuclear plants and largely take the pain. I can’t see widespread protests in Germany unless there is a huge further decline.
Right now every European country has sufficient gas reserves for the warm winter.
The. Economic crisis in Europe will lead to both opportunity and serious problems but we are a long way from EU collapse or dissolution or even NATO exits. NATO is expanding reforming and this war may turn it into a real attacking force as they get it now.
Only thing in my view that will really pull the carpet out and that’s de-dollarisation or a war with China. De-dollarisation ain’t really happening. Not sure it will. Waiting to see whats on table. War with China risk seems to have gone down.
So I think if conflict is contained to Russia the West will manage it. Unfortunately I see no lessons leant and a tighter grip on free speech in the West combined with psych-oped population blaming Russia largely for their economic decline.
Important to remember that nothing is out of US control yet, they control this war, they have set the stage well for themselves in the future with the EU in decline and well under control plus they are getting more traction globally. And income boost from weapons, gas etc.
The EU is a horrible entity full of vicious little countries. Look at their un merited sanctions against two proposed inter African oil and gas pipelines. I don’t feel sorry for them in the least. In fact they are not getting enough pain. And unfortunately unless something big changes they will emerge bigger rule defying bastards than they are.
Is the German Governement acting like a kind of “contract killer” to the German Industry / Mittelstand?
https://www.nachdenkseiten.de/?p=90484#foot_3
Yes, Sure.
(Nachdenkseiten is a “leftist” Blog, but here citing “conservative” news paper etc.)
HMS Terror: the operative clause is “your (local) tyrant”. That’s a qualitative leap away from “transnational tyrant”.
A generally good reply, HMS, but I do not fully agree. I haven’t seen anything in the idea of multipolarism that says that tyrants can’t band together across nations against their citizens. In fact, some of us would even say that was what happened at the G-20 when Biden, Lavrov, Xi and the rest had chummy meetings with Scwab and Gates about vaccines passports.
As long as (say) Xi doesn’t go meddling in (say) Biden’s implementation/enforcement of an internationally agreed policy, multipolarity is not violated. Biden would have to implement/enforce the policy in a way that Americans accept, or throw him out themselves.
Multipolarity, in this case, says only that Xi can’t meddle in the internal American political process that determines how America handles the policy.
The west is controlled by the globalist, oligarchs in the west under WEF. Their goal is to destroy western culture and its economies which is exactly what we are seeing in real time. The forecast is that NATO expands this war, all hell breaks loose starting in January 2023 with more massive price hikes, shortages, riots, hunger, freezing and of course World War III which has just started. The globalist cannot have their one world government and green climate change tax scam unless China, Russia, Iran are destroyed then the rest of the world will bend the knee and follow the narrative. They are breaking down the populations psychologically, emotionally and financially to the point the the public will beg for help from the government then they implement the programmable CBDCs to control what you can purchase hence your behavior, monthly Personal Carbon Allowance, PCAs, enforced of course by the CBCDs, smart gas and electric meters, kill switches in your car, Health Passports, etc. They then have complete control over you as they take your wealth and all assets and you have nothing. You rent what you use. Governments and a few multinational corporations like Blackrock own it all. Their idea of equality is not by race, gender or sexual preference but material as everyone is equal as no one owns nothing. “You will own nothing and be happy” is not simply a slogan but an agenda being implemented now. Everyone receives a very small income which replaces pensions and all the massive jobs lost as businesses are forced to close from high prices due to destroying the whole fossil fuel infrastructure knowing millions will die from hunger, freezing to death and suicide from emotional breakdowns. This is the move to totalitarianism, authoritarianism, communism, feudalism and a two tiered society of haves and have not. The Great Reset is the move destroying the existing debt based system where money is created by banks lending and having central banks simply create what is needed using the programmable CBDC. Everyone then has an account at your central bank eliminating all commercial banks as they are no longer needed as your ability to borrow for anything becomes nonexistence. Remember “You will own nothing and be happy”. Your smartphone is your bank as they eliminate the middleman, banks. Build Back Better is the move to destroy the fossil fuel infrastructure, deindustrialize wiping out all wealth and creating mass poverty then Build Back Better green where millions die as they offer no alternatives in this process which is intentional. Agenda 2030 is moving the populations into mega cities for total control and the depopulation agenda which is gene therapy where more is on the way as they force everyone to have the jab, more viruses are coming, mass starvation, freezing to death and of course war. The Great Reset is collapsing the debt based system and moving to CBCDs, destroying banks. The New World Order is the one world government by the UN controlled by the western elites at the WEF plus using the IMF, BIS, WHO and WB. This is their agenda which has been planned for years even provoking Russia and China for war.
The forecast by the most accurate computer models on the planet called Socrates which has never been incorrect with geopolitical events and so accurate the CIA and Goldman Sacs tried to take it and failed. It has the west losing this world war and destroying western cultures and its economies and there is no build back better but massive poverty in the west as the war hits Europe, the UK and the US last to fall.
“Liz Truss just resigned for she finally understood that being the head of state does not mean you have real power. I know certainly that the Globalists behind the curtain reversed her policy and she has resigned simply because she finally realized that Britain is run by a dark sinister force that is connected to the WEF “Joe Biden is no more President than Liz Truss was the Prime Minister of Britain. Not only do we not live in democracies, but we also do not even live in actual Republics. We live under an Oligarchy and make no mistake about it, they are calling the shots. The Build Back Better slogan was launched at the WEF. NEVER in the history of human civilization have we EVER seen all the world leaders adopting that very same slogan. We are on the path to 2032. We need to start thinking about what new form of government we must create. Our current version will collapse by 2028.”
“We are looking at the beginning of World War III. In order to pull off this Great Reset, they needed to remove Trump, Putin, and Xi in hopes of then subordinating both China and Russia to the New World Order with the United Nations in control.”
“We live in very interesting and dangerous times. The Climate Change people have pushed that the world has only 7 years left and the Neocons have usurped this agenda to make their dreams come true. These Neocons are a government within a government. They operate under their own rules and are not subject to oversight. Senator Rubio quickly changed the subject when questioning Victoria Nuland and then subsequently the Senate has been desperately trying to undo that testimony pretending that there is a distinction between a Biolab for Research and a Biolab for weapons.”
“What is unfolding is that the arrogance of the Neocons and their personal hatred of Russia and China has run its course. They are now setting in motion the decline and fall of the West. A crisis is unfolding. They simply NEED war to cover up the collapse of Keynesian economics and the monetary system of borrowing endlessly with no intention of paying anything back. On top of that, the Neocons preach the evil of Putin in Russia and Xi Jinping in China.
As our models predicted, China will soon become the financial capital of the world. The arrogance of the Neocons in really running the country is become well known outside the USA. They think they really can defeat both China and Russia and the Build Back Better with a new Bretton Woods. All I can say is they are seriously wrong and they will only create World War III, they will lose, and the financial capital of the world will shift to China.
“That has been the forecast of our computer for decades now and instead of listening, they try to defeat it. “What 2032 represents is the complete collapse in government precisely as we saw with the American Revolution which brought the downfall of the monarchy. This was the birth of republics once again and we will move back to a new form of government that may be hard to visualize. The current system of socialism is collapsing.” We are on the path to 2032. We need to start thinking about what new form of government we must create. Our current version will collapse by 2028.” Martin A. creator of Socrates
The situation for many will only deteriorate from here. I wish I could provide a more optimistic forecast, but I must go off what the models state rather than my own hopes or opinions. Again, the World Bank is now acknowledging that food and energy will become scarce.