Tuesday, October 4, 2022

 pcr and a guest post at the same time explore the future of the empire and the eu. it is a curious destination we see there;


Washington Used the “Ukraine Crisis” to Bind Europe to Washington

By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. His latest book is The Destiny of Civilization.

Michael Hudson Explains that Washington’s Russian Sanctions Have Freed Russia of Her Delusions that She Had “Western Partners” while Destroying Europe Economically.  Hudson’s article, slightly edited by PCR, is reproduced with permission with final comments by PCR.

The reaction to the sabotage of three of the four Nord Stream 1 and 2 pipelines in four places on Monday, September 26, has focused on speculations about who did it and whether NATO will make a serious attempt to discover the answer. Yet instead of panic, there has been a great sigh of diplomatic relief, even calm. Disabling these pipelines ends the uncertainty and worries on the part of US/NATO diplomats that nearly reached a crisis proportion the previous week, when large demonstrations took place in Germany calling for the sanctions to end and to commission Nord Stream 2 to resolve the energy shortage.

The German public was coming to understand what it meant that their steel companies, fertilizer companies, glass companies and toilet-paper companies were shutting down. These companies were forecasting that they would have to go out of business entirely – or shift operations to the United States – if Germany did not withdraw from the trade and currency sanctions against Russia and permit gas and oil imports to resume, and presumably prices to fall back from their astronomical eight to tenfold increases........more.......

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