Thursday, September 29, 2022

The U.S. Is Winning Its War On Europe's Industries And People

The U.S. is winning its war on Europe’s industries and people

What the U.S. needed was to provoke Russia, and later China, into reacting to U.S. arranged threats in a way that would oblige its ‘allies’ to follow its sanction policies.

The rather dimwitted European leadership fell for the trick.

The U.S. arranged for a Ukrainian attack on the rebel held Donbas region. This started on February 17 with intense artillery preparations against Donbas positions as recorded by the OSCE observers at that border. Russia had to react or see the ethnic Russians in those areas getting maimed and killed by Nazi devoting Ukrainians. 

There was no way to prevent that but by other than military means. On February 22 Russia recognized the Donbas republics as independent states and signed defense agreements with them.

The same day the German chancellor Olaf Scholz canceled the launch of the undersea Nord Stream II pipeline which was to transport Russian gas to Germany’s industries and consumers.

The Europeans launched a sequence of extremely harsh economic sanctions against Russia which, prodded by the U.S., had been prepared months in advance.

Russia’s Special Military Operation, under Article 51 of the UN Charter, commenced on February 24.

A follow-up piece by Michael Hudson on February 28 stated that Germany had been defeated for a third time in a century:
 The recent prodding of Russia by expanding Ukrainian anti-Russian ethnic violence by Ukraine’s neo-Nazi post-2014 Maiden regime aims at forcing a showdown. It comes in response to the fear by U.S. interests that they are losing their economic and political hold on their NATO allies and other Dollar Area satellites as these countries have seen their major opportunities for gain to lie in increasing trade and investment with China and Russia.
As President Biden explained, the current military escalation (“Prodding the Bear”) is not really about Ukraine. Biden promised at the outset that no U.S. troops would be involved. But he has been demanding for over a year that Germany prevent the Nord Stream 2 pipeline from supplying its industry and housing with low-priced gas and turn to the much higher-priced U.S. suppliers.

So the most pressing U.S. strategic aim of NATO confrontation with Russia is soaring oil and gas prices. In addition to creating profits and stock-market gains for U.S. companies, higher energy prices will take much of the steam out of the German economy.

The economic war against Russia that the sanctions against were meant to win has failed to move Russia. The Rubel is stronger than ever. Russia is making record profits even while selling fewer gas and oil than before the war. Russia may have a small recession this year but its standard of living is not in decline.

As was easy predictable and, as Michael Hudson explained, the economic consequences of the anti-Russian sanctions within Europe have in contrast huge catastrophic consequences for the Europe’s industries, its societies and its political standing in the world.


More...

No comments: