“If you’re in a hole quit digging” has never been a policy of the U.S. political and military establishment. From Moon of Alabama at moonofalabama.org:
The catastrophic economic consequences of the ‘western’ proxy war with Russia are setting in. As a result the high inflation, caused by supply side constrains due to sanctions and a far too much spending, will ruin the middle classes of many countries.
To those who did not wear blinders and who knew of the real economies of the ‘west’ and Russia this was very predictable and predicted:
The U.S. is pushing its European ‘allies’ to commit economic suicide by sanctioning everything Russia. The U.S. should be more careful. It is one of the biggest buyers of Russian oil and its aircraft industry depends on titanium from Russia. Russia surely knows who is trying to hurt it the most and it surely knows how, and has the means to, hurt back.
The hurt has not at all reached its peak. This winter will be very difficult for Europe. Poor countries are even worse off. Many will experience hunger crises and riots.
Today the Russian president Vladimir Putin held a speech at the Petersburg economic forum. The transcript isn’t out yet but here are excerpts from a Twitter thread:
The Eurasianist @Russ_Warrior – 12:58 UTC · Jun 17, 2022⚡President Putin at #SPIEF2022: “The United States, having declared victory in the Cold War, declared themselves the messengers of God on earth, who have no obligations, but only interests. They seem not to notice that new powerful centers have formed on the planet”
Putin at #SPIEF2022: “The changes in the world are fundamental, pivotal and inexorable. And it is a mistake to believe that you can sit out at the time of rapid changes, wait out that supposedly everything will return to normal, everything will be as before. It won’t!“