Wednesday, March 8, 2023

 the author presents some thoughts on current events, and the goals of the motherwefers/schwabbies which are hanging over our heads, and how to deal with it to some degree;


The US wanted Russia to attack Ukraine. So says Robert H Wade, professor of Global Political Economy at the London School of Economics. And then it brought in its wide-ranging sanctions regime in response. According to renowned investigative journalist Seymour Hersh, the US subsequently blew up the Nord Stream 2 gas pipeline.

The result is that Europeans are experiencing an energy crisis, and Germany in particular faces deindustrialisation. The Ukraine situation is not just a NATO proxy war with Russia. It is also a trade and energy war inflicted by the US on Europe.

Although the impact of the war is acutely felt by Europe, inflation continues to increase across the Western countries, including the US, and their economies are in crisis.

While the sanctions and war are having an inflationary impact, they serve as convenient cover for the effects of a massive increase in ‘quantitative easing’ that occurred in late 2019 and in 2020. The US Federal Reserve created almost a fifth of all US dollars ever created in 2020. According to economist Professor Richard Werner, central banks around the world also pumped more money into their economies during this period. He concludes that central banks are largely responsible for the inflation we now see.

Financial markets were collapsing in October 2019, and the crisis reached a head in February 2020 with a massive crash. Prior to COVID and then under cover of this bogus public health crisis, trillions of dollars were pumped into the economy and lockdowns were imposed to prevent an immediate hyperinflation shock. The global economy was shut down.

Much of the inflation currently being experienced is a result of this. COVID lockdowns were not a cause of economic collapse. They were a symptom of it. A temporary band aid for an imploding neoliberalism that now requires a radical restructuring of economies and societies.

And that restructuring is brutal. Neoliberalism has been on life support for some time and has resorted to various strategies (expansion consumer credit, speculative finance, debt, etc) to keep it alive. But these strategies have to a large extent run their course........more......

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