Russia has won the Ukraine-Russia war, and it didn’t just beat Ukraine, it beat the United States. From James Rickards at dailyreckoning.com:
How do the wars in Ukraine and Gaza impact global economic growth and the U.S. economy in particular?
Both wars are ongoing and cataclysmic impacts may yet be felt. Here’s where events stand at the moment. Let’s start with the war in Ukraine…
From a strategic perspective, the situation in Ukraine resembles a smaller-scale version of the situation in Europe in late 1944. At that point, the Allies had successfully completed the D-Day invasion and liberated Paris.
On the Eastern Front, the Russians had annihilated the combined armies of the German Wehrmacht and were advancing through Poland toward Berlin.
Hard fighting remained. The Allies had to fight the Battle of the Bulge in December 1944, and the Russians encountered stiff German resistance in Poland even though they had superiority in numbers, supplies and weapons.
Still, no one doubted that the tide had turned, and Germany was on its way to defeat.
Russia Is Winning on Two Fronts
Likewise, the Russians are clearly defeating the Ukrainians despite the fact that a lot of hard fighting remains. Ukraine’s so-called spring offensive that began in early June was a complete and utter failure.
Nearly six months after it began, Ukraine only captured a few pinprick villages it was expected to take within the first few days.
Casualties are horrendous and Ukraine is reduced to calling up young teenagers, women and old men. The average age of a Ukrainian soldier is 43.
