Poor diplomatic choices leads to huge disasters. The US has been on a course to crush Russia ever since Putin took over from the corrupt drunk, Yeltsin. Slowly but surely, Putin is rebuilding Russia and this infuriates the neocons who are destroying the US. So as our nation falls apart at the seams, we have rulers who are entirely focused on causing ethnic/religious warfare in Eastern Europe so they can make money in Russia via looting the place.
After the dangerous fascist coup in Kiev, the US has pressured our EU trade partners to attack Russia’s economy. Supposedly, Putin would fall fast and the coup in Moscow could be done handily. But the Ukraine Catholic attacks on Russian Orthodox Christians has destroyed any chance of Putin leaving power since he is the Great Protector of Russian Orthodox Christians!
Instead of giving up, the US pressed hard for more economic hammer blows but now the EU has warned the US, if this continues, it will be the EU that will collapse, not Russia. US and EU Rule out Russia’s Cutoff from SWIFT – Russia Insider
March 20 ./TASS/. The United States and European Union don’t consider it possible to bar Russia from the SWIFT international banking-payment system as it can cause serious damage to western companies, the Bloomberg agency reported Friday citing souces familier with the situation.
According to the agency, the issue has been considered as a possible variant of extending sanctions against Russia.
It is too late. Russia has already gone to China for help and China is The Big Bank, not the bankrupt US or wobbly EU. China let Putin know, they didn’t want to see Russia destroyed but rather, wanted deeper economic ties with Russia and so, after looking at the trillions in Russian/Chinese central banks, they pushed ahead with systems to replace the EU/US international banking system which is based on the US dollar being the peg currency for everything.
The Chinese wanted to do this in 15-20 years but have moved it forwards due to the US, alarmed at the collapse of our industrial base which is the basis of all international GDP power, is losing its grip on world banking. Right now, the only thing and I emphasize this greatly, is a strong dollar so the US can’t form any industries and then export goods to trade partners.
We are left with selling weapons. Nearly all other aspects of our industrial might has been turned into ruins and we export raw materials to Asia and Europe instead which isn’t the road to riches. As Marx noted, raw materials is nothing unless it is joined with labor and turned into a value-added export product.
We don’t do that nearly as much as before Nixon. Today, we are a net importer and this isn’t due to importing oil like under Nixon. We import much of our consumer value added products and this is due to an artificially pumped up value dollar.
With a flick of the wrist, China can kill the dollar. They know this and the US knows this and above all, Putin knows this. The recent attempt at destroying the ruble has failed. Instead, the sudden plunge in oil prices which is hitting Russia is hammering Saudi Arabia and Texas as well as Canada. Australia isn’t worried since they export coal to China and China doesn’t have to worry about global warming only the US with Obama shutting down what is left of US coal burning which is much cheaper for manufacturing processes so the few that are left will move to…CHINA.
The global warming silliness is going to destroy what is left of US industry and this is why I hammer away at that topic. On top of the fact that it is freezing cold now and even summer isn’t warm anymore in all parts of the planet that isn’t California.
The dollar is tied in with oil and with exports and both are getting us into deeper and deeper waters we won’t swim, we will drown and we won’t drown due to oceans rising from global warming, either.
The Swift system of banking will die, too. And we will have to do Chinese banking in the future. And the US public will not like the fact that we are no longer the world’s main customer for goods. The Chinese will be the ones collecting goods for themselves. But then, our rulers will have us all living in Little Houses@ and eating no meat and walking everywhere so it won’t matter much. Ask any peasant about this.
Oh, and everyone on welfare will starve.
209 Greenhollow Rd
Petersburgh, NY 12138
Make checks out to ‘Elaine Supkis’
Click on the Pegasus icon on the right sidebar to donate via Paypal.