How long can so-called national security imperatives override economic logic before the economy is in shambles? National security certainly includes the strength of the economy. From Michael Hudson at unz.com:
Economic Logic has been Replaced by National Security Overrides
The July NATO summit in Vilnius had the feeling of a funeral, as if they had just lost a family member – Ukraine. To clear away NATO’s failure to drive Russia out of Ukraine and move NATO right up to the Russian border, its members tried to revive their spirits by mobilizing support for the next great fight – against China, which is now designated as their ultimate strategic enemy. To prepare for this showdown, NATO announced a commitment to extend their military presence all the way to the Pacific.
The plan is to carve away China’s military allies and trading partners, above all Russia, starting with the fight in Ukraine. President Biden has said that this war will be global in scope and will take many decades as it expands to ultimately isolate and break up China.
The U.S.-imposed sanctions against trade with Russia are a dress rehearsal for imposing similar sanctions against China. But only the NATO allies have joined the fight. And instead of wrecking Russia’s economy and “turning the ruble to rubble” as President Biden predicted, NATO’s sanctions have made it more self-reliant, increasing its balance of payments and international monetary reserves, and hence the ruble’s exchange rate.
To cap matters, despite the failure of trade and financial sanctions to injure Russia – and indeed, despite NATO’s failures in Afghanistan and Libya, NATO countries committed themselves to trying the same tactics against China. The world economy is to be split between US/NATO/Five Eyes on the one hand, and the rest of the world – the Global Majority – on the other. EU Commissioner Joseph Borrell calls this as a split between the US/European Garden (the Golden Billion) and the Jungle threatening to engulf it, like an invasion of its well-manicured lawns by an invasive species.
What if the internal quislings that have been made rich by the Yenan Way know that we can’t win against Russia and China?
Their doomsday bunkers are SARMAT rated and we aren’t invited.
Traitors always prefer foreigners over the legacy stock.
Tom Luongo said on a recent podcast with Alex Krainer, Alexander Mercoulis, and hosted by Crypto Rich that Janet Yellen went on bended knee to China recently in desperate hope that they would buy $1 Trillion in US Treasuries. The answer was “yes and.” The “and” related to Ukraine. Like, knock it off. If that is correct, obviously it extends to Taiwan and threatened wars against China as well. I am going with Luongo over the esteemed professor on this one.