Today Moon of Alabama has a nice write up that largely consists of quotes from economist Michael Hudson and a concluding comment from Vladimir Putin: How Europe Was Pushed Towards Economic Suicide We have periodically discussed the fact that the sanctions regime that the United States is pushing on the NATO/EU countries is, predictably, backfiring. Rather than reducing the ruble to rubble, as Zhou likes to say, it is the economies of the West that are threatened with rubbishing due to the increasing cost of energy that the sanctions regime is bringing about. Every day we see new signs of the strain that the prospect of recession is bringing about.
While the economic missteps and results are absolutely and terrifyingly real, I suggest that they are not the reason for what it's happening. The "Sanctions War" is clearly hurting the West more than it is hurting Russia. So why continue?
You can find a clue in the absolute implacability in the actions of each participating regime. As an example, consider Canada's Trucker Rebellion. All Castreau had to do was to say "OK, we'll talk" and the entire event would have disappeared. Instead, he intentionally caused a national crisis, a deep split in the people, and exposure of Canada as a de facto dictatorship.
Why? Because he was ordered to.
And because he believed in The Cause.
What Cause?
There is an Unholy Alliance between the Radical Environmentalists ("Global Warming - The planet is going to die!"), the Malthusians ("Too many humans are destroying the planet. We must reduce the number!"), and the Davos Crowd = WEF ("We deserve to rule because we are The Best!") Each of these beliefs is the basis for an ideology, a religion if you will. Followers will not deviate from the dogma BECAUSE THEY ARE BELIEVERS.
It matters not that their actions are self-destructive or that they are contrary to the will and the interests of their subjects. The Believers are Saving The World and nothing will convince them that they are wrong.
So prepare yourselves for the New Dark Ages. We are about to see the destruction of our fossil-fuel based economy, large-scale depopulation, and global authoritarian government and elimination of individual rights (for the Greater Good, you know).
"One gets the impression that Western politicians and economists simply forget basic economic laws or just choose to ignore them."
We can ignore them because a new law called Modern Monetary Theory has been revealed to us, and by following this law we will arrive at the rosy future in which you will own nothing and you will be happy.
Some of the analysis is overly simplistic. US stocks have plunged (ex energy etc) but come on it’s not five guys in a room planning all this since 2014 to enrich us Corps
Apologies for length:
While the economic missteps and results are absolutely and terrifyingly real, I suggest that they are not the reason for what it's happening. The "Sanctions War" is clearly hurting the West more than it is hurting Russia. So why continue?
You can find a clue in the absolute implacability in the actions of each participating regime. As an example, consider Canada's Trucker Rebellion. All Castreau had to do was to say "OK, we'll talk" and the entire event would have disappeared. Instead, he intentionally caused a national crisis, a deep split in the people, and exposure of Canada as a de facto dictatorship.
Why? Because he was ordered to.
And because he believed in The Cause.
What Cause?
There is an Unholy Alliance between the Radical Environmentalists ("Global Warming - The planet is going to die!"), the Malthusians ("Too many humans are destroying the planet. We must reduce the number!"), and the Davos Crowd = WEF ("We deserve to rule because we are The Best!") Each of these beliefs is the basis for an ideology, a religion if you will. Followers will not deviate from the dogma BECAUSE THEY ARE BELIEVERS.
It matters not that their actions are self-destructive or that they are contrary to the will and the interests of their subjects. The Believers are Saving The World and nothing will convince them that they are wrong.
So prepare yourselves for the New Dark Ages. We are about to see the destruction of our fossil-fuel based economy, large-scale depopulation, and global authoritarian government and elimination of individual rights (for the Greater Good, you know).
Unless we stop them.
"One gets the impression that Western politicians and economists simply forget basic economic laws or just choose to ignore them."
We can ignore them because a new law called Modern Monetary Theory has been revealed to us, and by following this law we will arrive at the rosy future in which you will own nothing and you will be happy.
Some of the analysis is overly simplistic. US stocks have plunged (ex energy etc) but come on it’s not five guys in a room planning all this since 2014 to enrich us Corps